Archive.fm

Squawk on the Street

Cramer's Morning Take: Linde 5/2/24

Jim and Jeff break down the opportunities in this industrial stock after earnings. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer

Duration:
4m
Broadcast on:
02 May 2024
Audio Format:
mp3

Jim and Jeff break down the opportunities in this industrial stock after earnings. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake  

CNBC Investing Club Disclaimer

You seek the key, but first, you must learn the ways of precision, craft, and performance with Acura's all-electric ZDX, with a premium bang and all-of-son sound system, up to a 313-mile range, and a Type S variant with an estimated 500 horsepower, the ZDX is their most powerful SUV yet. Unlock the energy when you visit Acura.com to order yours today. Hey, it's Kramer, and this is my morning take on the market from today's CBC investing club morning meeting. We have an action-packed morning meeting, and you want to get your pen out and be ready for this one because we've got some action that we're going to be taking. First, I just want to say the markets are now reacting with the way they should have reacted yesterday until the close, which is we had a fed that basically said, "Listen, we're not going to raise rates. Take that off the table." That had been a false narrative that a lot of the media had bought into. And with that off the table, we know we're either going to have them flat or down, and that's a win. It's a win for stock. Yeah, next move cut. Jobs report tomorrow obviously will be key in terms of watching not only wage growth, job growth, but the unemployment rate as well. You got Apple tonight and another big event, too. We've got to get through, but why don't we just start getting into earnings because I think it's so important. Let's start off with Lindy. Down because they end the streak of these beat and raises, EPS wasn't beat up 10% year-over-year of a sales mess. Volumes down 1% year-over-year of sequentially margins big improvement. Why is it down? Well, they didn't raise TQ Guide a little bit light, but I think this guidance is conservative, and let's explain why. Okay, good. So they're talking about electronics on the conference call. Up 1%, they've pointed out some softness in the fab production volumes. Not on different from what we heard from Taiwan's semi. No. They did pull it back a little bit. However, they do believe it's bottomed out. They expect volumes to pick up in the second half of the year, partly driven by demand for AI chips and new data centers. Same thing we heard from Japan yesterday, but they said they didn't include this in their guidance. Now, I don't know why they didn't bake this recovery in, but they wanted to air a little bit more on the cautious side, still guiding for growth of about 10% FX. Which is hard and fun, this market. But I think because it kind of ended the streak of beaten raises, which by the way, Lindy for like the last four years has beaten the markets return every single year, so it's pulling back. Now, we did sell some at 465 in March. Let's buy that back. Okay, so we're 65. Why do we do that? 25 shares. So that if it does drop, we can get right back in. Let's buy that 25 after this. Very high quality company. Yeah. I mean, they basically, you know, it's oligopoly with a couple other companies. You should never allow that to happen. They could basically set their prices. Don't be a Marvin capture. You'll be talking about that with Darren Woods when he goes out next week to milk and sex their product. They have this formula of 10% growth. They do think green energy, you know, decarbonization, that theme will be another kicker to earn his growth, long term. So the stock's down 5%. I know, but I think it's a good opportunity. Very high quality company. We've been waiting to pull back. Start your day with my outlook on the market every morning. Visit cbc.com/morningtake to become a CBC investing club member at a special rate today. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, NBC Universal, or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cnbc.com/investingclubdisclaimer. Norman, we need to pause this surgery. What, doctor? Because Expinity Mobile just got even better. Now you're automatically connected to Wi-Fi speeds up to a gig while you're on the go. Plus, existing Expinity customers can buy one unlimited line and get one free for a year. Visit extendedemobile.com to learn more. Offer N621. Restrictions apply. Existing Expinity internet service and two new unlimited lines require. Reduce speeds after 30 gigabytes of usage per line. Data thresholds may vary. Actual Wi-Fi speeds vary, not guaranteed. [BLANK_AUDIO]