Jim Cramer - Mad Money

Is a great spec during the data centre build-out, but its balance sheet prevents it from being a flat-out buy. The CEO is very good.

Don't sell after a big gain, though you can take a few shares off the table. Is a great stock.

It's been a rollercoaster since its April IPO, but is -33% below the IP. Shares got slammed after reporting earlier this month, but Q2 revenues beat, but their earnings and backlog came in slightly weaker. Demand for their drones remains strong. They're trying to buy Black Sea Technologies for $650 million, which is lot for this $2 billion company.

Too speculative.

Is one of the better natural gas plays. 

They delivered an amazing quarter, but it's a spec.

It wants to innovate and bring out the best semis, even if it costs a lot. He likes this strategy. It's up 210% the fourth-biggest gainer on the S&P.

Up 254% this year. He bought a position last week because he feels this industry has changed for the better. Though, he's uncomfortable buying a stock that's moved up this much. He thinks Micron can double before the storage boom ends. Their long-term agreements with customers are spectacular for margins. True, there's pushback from some towns against data centres, though other places want them.

They will have a good year. Their order book is solid.

Short term you can take profits after that parabolic move. Their quarter was excellent. He believes in it more than before. Excellent CEO.

Their acquisition was good, though the market doesn't think so. Trades at a cheap 22x.

Frustrating to own. Has a great product and CEO. Is up 32% this year. On Aug.6 they reported a stellar quarter: top and bottom line beat, 17% revenue growth, and gross booking value +16%. Their investments are paying off. North America and Europe grew around 9%. Customers are booking larger homes with more bedrooms. They gave strong guidance for Q4 and full year. AI is not hurting ABNB but enhancing it by helping ABNB ship 80% more features and improvements and in writing 60% of ABNB's engineering code and in helping resolve issues (customer support) without human intervention. AI will make search results more personalized. ABNB is adding more hotels to its listing. But ABNB trades at a high 34x forward PE while competition hasn't disappeared and regulation remains a constant risk in certain cities. He believes in ABNB, but he won't chase it at 34x PE. Wait for a pullback.

The S&P is in a bullish trend with the moving averages (13-, 26- and 40-weeks) sloping upwards. It has a strong floor of support under the 13-week. The S& recently made a 52-week high but didn't reach the top of the Bollinger bands, which means the index lacks momentum. However, watch 7,620, a key level if the S&P breaks down and could signal a sell-off. However, keep an eye on the bond market and the 2-year treasury yield; if it rises above 4.24% we're in trouble and the S&P will drift down to 7,514 (support). If rates stay in control, the S&P will keep rising. The S&P equal weighted index is outperforming the market cap weigh. Here too the three moving averages are sloping up, beautiful. Support is 8,360 in SPEXW. SOX index (the semis): support is 10,797, but we still need to see if the uptrend will continue. Watch NVDA's report next week which could give SOX a major boost. 

Has momentum and will keep going higher.