Market Maven Jim Cramer Shares Insights on Top Stocks
In a recent episode of CNBC’s “Mad Money Lightning Round,” renowned market expert Jim Cramer shared his thoughts on several prominent stocks. When asked about NANO Nuclear Energy Inc. (NASDAQ:NNE), Cramer expressed concerns about the company’s financial performance, stating that it’s “bleeding a lot of money.” Meanwhile, the company has appointed Carlos O. Maidana as its new head of thermal hydraulics and space program.
On a more optimistic note, Cramer recommended investing in McKesson Corporation (NYSE:MKC), advising viewers to start buying but not to invest all at once. Deutsche Bank analyst George Hill also maintained a Buy rating for McKesson, albeit with a lowered price target.
Cramer was less enthusiastic about Diamondback Energy, Inc. (NASDAQ:FANG), citing that it’s “a little too much oil” for his taste. Wells Fargo analyst Roger Read shared a similar sentiment, maintaining an Overweight rating but lowering the price target.
When questioned about Littelfuse (NASDAQ:LFUS), Cramer expressed reservations due to its high multiple growth rate, which he finds worrisome. In contrast, Baird analyst Luke Junk maintained an Outperform rating and raised the price target for Littelfuse.
Archer-Daniels-Midland Company (NYSE:ADM) didn’t fare well in Cramer’s assessment, with him labeling it a “value trap.” UBS analyst Manav Gupta took a more neutral stance, maintaining a Neutral rating and raising the price target.
In terms of price action, NANO Nuclear Energy shares surged 14.8% to close at $16.54, while McKesson shares edged up 0.8% to $498.48. Diamondback Energy shares gained 3% to $177.52, whereas Littelfuse shares dipped 1.7% to $260.64. Archer-Daniels-Midland shares slipped 0.4% to $59.52.
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