Jim Cramer: Powell Industries is a buy, Robinhood is an up stock, Apollo is a cheap stock, and Ouster is very expensive.

Jim Cramer recommends buying Powell Industries and thinks Apollo Global Management is a "cheap" stock. He considers Ouster a "very expensive stock" and a "spec." Robinhood had an "extraordinary move," but Cramer advises letting it "calm down." Apollo-managed funds agreed to acquire a majority stake in Kelvion. Cramer also mentions that Ouster shares fell 2.2% to close at $29.99 on Monday.

Jim Cramer, the well-known financial commentator, recently shared his insights on several stocks, including Powell Industries, Apollo Global Management, and Ouster. His recommendations provide a snapshot of the current market sentiment and the potential future performance of these companies.

Powell Industries (POWL)

Cramer recommended Powell Industries as a buy, citing its recent $12.4 million investment to expand production capacity [1]. Despite the recommendation, Powell Industries shares fell 1.8% to settle at $258.36 on Monday, indicating some market skepticism. However, the investment in production capacity could signal long-term growth potential.

Apollo Global Management (APO)

Apollo Global Management was described by Cramer as a "cheap" stock. On Aug. 13, Apollo-managed funds agreed to acquire a majority stake in Kelvion from funds advised by Triton [1]. This move could enhance Apollo's portfolio and diversify its investments, potentially driving future growth. Apollo shares fell 0.2% to close at $133.89 on Monday, suggesting a mixed market response to the news.

Ouster (OUST)

Cramer labeled Ouster as a "very expensive stock" and a "spec." Despite this, WestPark Capital analyst Casey Ryan upgraded the stock from Hold to Buy with a price target of $50 on Aug. 13 [1]. However, Ouster shares fell 2.2% to close at $29.99 on Monday, indicating that the market may be cautious about the stock's valuation.

Robinhood Markets (HOOD)

Cramer advised letting Robinhood "calm down" despite its "extraordinary move." The company reported a 7% increase in total platform assets to $298 billion in July, up 106% year-over-year, and $6.4 billion in net deposits in July [1]. Despite strong fundamentals, Robinhood's stock has been trading at a high valuation, with a forward P/E of 68.23 and a market cap nearing $100 billion [2]. Some analysts believe the stock may be overvalued, suggesting a potential pullback.

Conclusion

Jim Cramer's recommendations offer valuable insights into the current market dynamics. However, the market's response to these recommendations indicates varying levels of skepticism and caution. Investors should carefully consider the fundamentals and the potential future performance of these companies before making investment decisions. It is always advisable to conduct thorough research and consult with financial advisors.

References

[1] https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47329854/jim-cramer-apollo-global-management-cheap-stock-ouster-expensive

[2] https://seekingalpha.com/article/4816672-robinhood-stock-valuations-too-stretched-upside-limited