Jim Cramer’s daily quick look at stocks outside of the CNBC Investing Club portfolio in the news. Tesla: Shares rose 5% after the electric car maker announced plans in April to increase the price of its Model Y cars. “The stock has reacted positively… It’s just the worst performing stock in the (S&P 500). Totally understand. Don’t like it, but not against it either,” Jim Cramer said. Hertz Global: Stephen Scherr will step down as chief executive of the rental car company, which last year made a strategic focus on adding electric vehicles to its fleet. Hertz shares fell more than 7% on Monday. “I don’t like the car rental business. I’ve never been…away from it,” he said. PepsiCo: Shares of PepsiCo rose more than 3% after Morgan Stanley upgraded the consumer staples stock to an equal buy rating from equal weight. “Excellent analyst. When he thought they weren’t going to hit their targets, he downgraded. Now it’s an upgrade. I like that kind of thing,” Cramer said. “I think PepsiCo does fall under GLP-1. I don’t think that has changed. However, I think you can still get another 4 or 5 points out of it,” he added, referring to the increasingly popular GLP -1. A class of weight-loss drugs made by companies including Novo Nordisk and Eli Lilly and is part of the CNBC Investing Club portfolio. Super Micro Computer: Shares fell more than 2% on Monday, just as the popular maker of artificial intelligence servers officially joined the S&P 500. Revisit it at a lower level,” Kramer said. Vertiv Holdings: Bank of America raised its price target on Vertiv stock to $90 per share from $80 per share, citing more sustained revenue and earnings growth forecasts due to the overall expansion of artificial intelligence-related data centers. Vertiv makes electrical products used in data centers and other areas. “This is the pick and shovel of the data center,” Cramer said of Vertiv. He pointed to the club’s ownership of electrical equipment maker Eaton Corp. as a way to fuel the growth of data centers due to the power-intensive demands of artificial intelligence.
