Jim Cramer Says He's Concerned About Sphere Entertainment Co. (SPHR)'s Ability To Expand Into Other Cities [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
In a recent episode of Mad Money, Jim Cramer views the current market as highly unpredictable and easily swayed by even the slightest news. He acknowledges that while some sectors are thriving, others are struggling, making it a mix of the best and worst of times depending on the industry. "Look, this market is so ridiculous that you could knock it over with a feather or take it up with a breeze. I wanted to borrow from Charles Dickens: "It was the best of times, it was the worst of times." But the simple fact is that this isn't the worst of times—just the worst of times for stocks in certain industries, and the best of times for others. Or within the confines of some hideous action for the average, with the Dow sinking 626 points, the S&P plunging 2.12%, and the Nasdaq plummeting 3.26%. It was a nasty day, right into the close." Cramer explains that a seemingly minor purchasing management report caused a widespread sell-off, particularly hitting cyclical stocks, homebuilders, an
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SPHR
News
- Sphere Entertainment Co. (NYSE: SPHR) had its price target raised by analysts at Guggenheim from $58.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
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- Sphere Entertainment Co. (NYSE: SPHR) had its price target lowered by analysts at Bank of America Co. from $45.00 to $43.00. They now have a "neutral" rating on the stock.MarketBeat
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