Jim Cramer is bullish on Intuit Inc. INTU ahead of the company's third quarter results, scheduled for Tuesday.
Speaking during his daily "Stop Trading" segment, Cramer pointed out that analysts at Goldman Sachs came out with a report on Monday covering the human resources and financial software space. The analysts named Intuit as their top pick in the segment and the timing of such is not a coincidence.
Cramer suggested the analysts at Goldman Sachs won't "stick their necks out" in a report on Monday and recommended Intuit if they were "concerned about the quarter."
Cramer added that he recently hosted Intuit's management during his "Mad Money" show back in March and he "wasn't concerned" about the quarter as well. In fact, he suggested that the company is "on fire."
"I think it's important when we see these upgrades, launches, or buys the day before [earnings]... they tend to not be embarrassed when the companies report," Cramer concluded.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.