TECH - Jim Cramer Sees Opportunity In Palo Alto Networks After Stock Is 'Overly Punished' In 2024 | Benzinga
In a recent CNBC Investing Club “Morning Meeting,” host Jim Cramer expressed his views on the performance of Palo Alto Networks Inc (NASDAQ:PANW) and Constellation Brands Inc (NYSE:STZ).
What Happened: Cramer, on Friday, noted that the U.S. stock market had a strong week, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all set for significant weekly gains, CNBC reported.
He attributed this to the Federal Reserve’s indication of three expected interest rate cuts this year.
Despite this, Cramer warned investors against speculating on the timing of these rate cuts, advising them to focus on quarterly earnings instead. He also mentioned that Palo Alto Networks had been “overly punished” this year, with its ...