IRM

Cramer's Recommendations: Jim Cramer advised holding onto Howmet Aerospace and FTAI Aviation, while recommending to sell Iron Mountain if it rallies. He also suggested buying Spotify and Jacobs Solutions at a specific price.

Stock Performance: On Monday, Howmet Aerospace shares rose by 1.4%, Marvell Technology jumped 8.2%, and Spotify gained 0.2%. In contrast, Iron Mountain shares fell by 0.3%, and Neptune Insurance shares decreased by 0.9%.

Cramer's Views on Other Stocks: Cramer expressed skepticism about Marvell Technology and Astera Labs at current prices, while he showed interest in Rocket Lab as a good investment at its current valuation.

Insurance Recommendations: Cramer stated that Chubb is the only insurance company he would recommend, indicating a lack of confidence in other options like Neptune Insurance.

Put Contract Overview: The $85.00 put contract has a bid of $7.20, allowing investors to buy shares at $85.00 while effectively lowering their cost basis to $77.80, which is attractive compared to the current share price of $86.76.

Expiration Odds and Returns: There is a 57% chance the put contract will expire worthless, potentially yielding an 8.47% return on cash commitment, or 12.94% annualized, referred to as YieldBoost.

Call Contract Overview: The $90.00 call contract has a bid of $5.50, and if shares are purchased at $86.76 and the call is sold, it could yield a total return of 10.07% if the stock is called away by July 2026.

Expiration Odds for Call: The call contract has a 51% chance of expiring worthless, which would allow the investor to keep both the shares and the premium, resulting in a 6.34% additional return, or 9.68% annualized, also termed YieldBoost.

US Stock Market Performance: The S&P 500, Dow Jones, and Nasdaq indexes closed higher on Wednesday, recovering from earlier losses, with Nvidia and Alphabet leading gains in tech stocks, while energy producers faced declines due to falling oil prices.

Federal Reserve Rate Expectations: The likelihood of a Fed rate cut at the upcoming FOMC meeting decreased significantly after the BLS canceled the October employment report, with current expectations at 30% compared to 70% the previous week.

Corporate Earnings Overview: Q3 earnings season is nearing completion, with 82% of S&P 500 companies exceeding forecasts, resulting in a 14.6% rise in earnings, significantly above the expected 7.2% growth.

Global Market Trends: Overseas markets showed mixed results, with the Euro Stoxx 50 and China's Shanghai Composite gaining slightly, while Japan's Nikkei fell to a one-month low, reflecting varied international economic conditions.