Jim Cramer provides daily rapid-fire analysis of stocks featured in non-portfolio news on CNBC Investing Club. Tesla: Shares rose 5% after the electric car maker announced plans to raise the price of its Model Y in April. “Stock prices are reacting positively. … It was just the worst stock in the world.” [ S & P 500 ]. I completely understand. Hertz Global: Stephen Sher stepped down as CEO of the rental car company, which pivoted last year to a strategy of adding EVs to its fleet. Hertz stock fell more than 7% on Monday. “I’m not a fan of the car rental business. Never. … Stay away,” he said. PepsiCo: Shares rose more than 3% after Morgan Stanley upgraded the consumer staples stock from an equal weight rating to a buy-equivalent rating. “I’m a good analyst. When I felt like I wasn’t going to meet my goals, I downgraded. I’m going to upgrade now. I like that,” Kramer said. “I think Pepsi is really hooked on GLP-1. I don’t think that’s changed. Still, I think they can get another four to five points,” he added, adding that Novo, part of CNBC Investments, I mentioned an increasingly popular class of weight loss drugs such as Nordisk and Eli Lilly. Club Portfolio Super Microcomputer: Shares fell more than 2% on Monday, coinciding with the notable maker of artificial intelligence servers officially joining his S&P 500. This was a great run. Vertiv Holdings: Bank of America raises its price target on Vertiv stock from $80 to $90 per share, citing expectations for more sustainable revenue and profit growth from AI-related expansion across data centers. Ta. “This is the pick-and-shovel of data centers,” he said of Vertiv, which makes electrical products used in data centers and other facilities. Owns Eaton Corp. and data center growth due to AI’s power-intensive needs.
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