Latest news with #Kimco
Yahoo
14-05-2025
- Business
- Yahoo
Jim Cramer on Iron Mountain (IRM) – 'Nope. Better Places to Be. Look at Kimco Instead'
We recently published a list of . In this article, we are going to take a look at where Iron Mountain Incorporated (NYSE:IRM) stands against other stocks on Jim Cramer's radar recently. On Monday's episode of Mad Money, Jim Cramer broke down the day's market rally and argued in favor of staying invested, even in times of uncertainty. He pointed out that earnings are once again playing a significant role in driving market behavior. 'Earnings matter again, okay? That's what happened last night when the United States and China reached an agreement, however temporary, to hold off trade armageddon. The rollback of the exorbitant tariffs to much more reasonable levels caused the stock market to explode.' READ ALSO: 10 Jim Cramer Stocks with Huge Upside Potential and Jim Cramer's Thoughts on These 13 Stocks. He highlighted that the rally was not limited to companies directly tied to U.S.-China trade. He called it 'a spectacular day for the bulls.' Still, Cramer was quick to ground the excitement. He pointed out that despite the dramatic gains, the S&P 500 remains essentially flat for the year. While he welcomed the reversal, he said: 'Now don't get me wrong, I'm glad it happened, but I just spent a week in Europe, and it is stunning how much better the markets are doing over there.' He expressed hope that the rebound in U.S. stocks continues but warned investors not to ignore other global opportunities. 'If we find ourselves in trouble again, something that's still a real possibility, please don't forget that Europe's also an option,' he said. He acknowledged that European markets have been the best-performing so far this year. 'Bottom line: It's better to stay in, stay on, and let her ride than to try to pick the perfect moment to trade in and out and in and out of the stock market. By the way, that's not much of a strategy. It's more of a game of chicken where there are no winners, just losers who think they are smarter than the average bear.' For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 12. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 40 A caller asked if they should buy more, sell, or hold Iron Mountain Incorporated (NYSE:IRM). Here's what Cramer had to say in response: 'No. Better places to be, better places to be. You know, like we have Kimco on tonight, give you a better yield. I think that's a better place to go.' Iron Mountain (NYSE:IRM) offers a wide range of solutions to meet its clients' needs in information management, digital transformation, data security, data center services, and asset lifecycle management. On May 1, the company reported a record revenue of $1.6 billion for the first quarter of 2025, which was a 7.8% increase on a reported basis. Iron Mountain (NYSE:IRM) saw strong growth in its data center, digital, and asset lifecycle management businesses, which grew over 20%. Net income for the quarter was $16 million, and adjusted EBITDA reported was a record $580 million. Overall, IRM ranks 8th on our list of stocks on Jim Cramer's radar recently. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IRM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
12-05-2025
- Business
- CNBC
Kimco Realty CEO details how shopping centers are changing: 'It's all about services'
In a Monday interview with CNBC's Jim Cramer, Kimco Realty CEO Conor Flynn described the changing business environment at shopping centers, saying "it's all about services" rather than just traditional retail storefronts. "Services is all about in person, all about the e-commerce resistant type use, and that's what's driving vacancy rates to all-time lows," he said, adding that service businesses are often related to health and wellness, like urgent care and veterinary facilities. There's more demand for shopping centers than there is supply, according to Flynn. He said that most Kimco shopping centers are dominated by a "grocery anchor," like Kings, Whole Foods, Sprouts, Trader Joes as well as TJX stores, which combine to hit "the sweet spot in retail." He added that 80% of his company's "new deal flow" is coming from service-oriented businesses. Flynn suggested vacancies are being offset by these more "resilient" businesses. He claimed Kimco has backfilled half of the vacancies caused by Party City's bankruptcy, with new tenants paying 40% more than what Party City paid. He also said Kimco's "watchlist" of tenants — ones with credit issues vulnerable to bankruptcy — is small. The pandemic helped to weed out those businesses, he added, as ones with poor models or bad balance sheets couldn't endure the economic climate. Flynn said new apartment developments make him positive about the future. The company has plans to turn parking lots at shopping centers into dwellings, he continued. As robotaxis and driverless cars gain popularity, Flynn said he expects municipalities' parking ratio requirements will decrease and make it possible to build on the lots. "That's where mixed use comes in to play," he said. "Retail enhances the apartments, apartments enhance the retail. It's a harmonious situation where they can drive traffic to each other." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club holds shares of TJX.
