In Cramer's Lightning Round, Symbotic is endorsed as a buy due to its profitability in a hot sector. Tetra Tech is also viewed positively, with Cramer inclined to buy despite mixed quarterly results. Linde is praised as a solid investment, while Brookfield's stock is noted for its upward trajectory, indicating it still has potential.
Indian Oil Corporation Ltd (IOCL) is attracting significant interest for its green hydrogen project in Panipat, Haryana, with bidders including Linde's Praxair, Acme Group, and Thermax. The tender, reissued after two previous attempts failed due to low participation, has seen the submission deadline extended to December 2 amid numerous queries regarding eligibility and project complexities.
The S&P 500 is expected to continue its decline as bond yields rise following inflation data. Weekly jobless claims were lower than anticipated, while major tech earnings from Apple and Amazon are on the horizon, with mixed reactions to recent results from Microsoft and Meta. Comcast's shares surged over 6.5% after announcing plans to separate its cable networks business.
UBS has maintained a "Neutral" rating on Linde, setting a target price of $505 following the company's third-quarter results. Analyst Joshua Spector noted that Linde's forecast for the final quarter fell short of expectations, although he anticipates consistent performance without a reacceleration in earnings per share growth.
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