Group 1 - Fiserv, Inc. (NASDAQ:FISV) experienced a significant decline, with a 67% drop noted by Jim Cramer, including a 44% decrease in a single session following a disappointing quarterly report and a revised full-year forecast [1] - The new CEO, Mike Lyons, criticized previous management for focusing on short-term goals at the expense of long-term investments, indicating potential issues within the company's strategic direction [1] - Despite acknowledging Fiserv's potential, there are concerns about its current performance, leading to a recommendation to wait for a bounce before considering investment [2] Group 2 - Fiserv provides technology solutions for payments and financial services, including areas such as merchant acquiring, digital banking, fraud prevention, and payment processing [2] - The stock's ongoing decline raises questions about the company's stability, with the CEO's explanations failing to reassure investors [2] - Comparatively, certain AI stocks are viewed as having greater upside potential and lower downside risk, suggesting a shift in investment focus away from Fiserv [2]
Jim Cramer on Fiserv: “I Got to Say No Thank You to That One”