“Jim Cramer Offers Insights into Top Stock Performances in Lightning Round”
It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his rapid-fire answers to callers’ stock questions. In this edition of the lightning round, Cramer provides insights on various stocks’ year-to-date performances.
One of the stocks discussed was Spirit AeroSystems. Despite its low stock performance, Cramer suggests investors consider buying Honeywell instead. Honeywell seems to be a more favorable choice in Cramer’s opinion.
Moving on to CVS, Cramer advises callers to stay away from this stock, without providing further explanation. CVS’s year-to-date performance may not be favorable according to Cramer’s assessments.
Cramer then shifts the focus to Abbott. He commends Abbott as a very good company, indicating that it will rise to the challenge. Cramer emphasizes that investors have the opportunity to buy a premium company at a low multiple, making Abbott an attractive choice.
Viking is discussed next, with Cramer calling it “a very good spec”. However, he warns investors to consider the potential risks associated with this investment. The stock could either experience substantial gains or face a significant downturn.
When asked about Herbalife, Cramer dismisses it as a potential investment. He states that the ship has sailed and he is moving on from this particular stock, indicating that it might not be a promising option at the moment.
Finally, Cramer addresses Albemarle. He discloses that he is a seller due to Elon Musk’s negative remarks about the business. Cramer highlights that he would not go against Musk’s opinions since he has already had a confrontation with him in the past.
For investors seeking further guidance, Cramer’s Guide to Investing is available for download at no cost. This resource aims to assist individuals in building long-term wealth and making smarter investment decisions.
Furthermore, CNBC offers the Investing Club, allowing members to follow Jim Cramer’s every move in the market. By signing up, enthusiasts gain exclusive insights into Cramer’s investment strategies and decision-making process.
It is important to note that the CNBC Investing Club Charitable Trust currently holds shares of Honeywell.