Thursday, March 28, 2024
Homemad moneyCramer: Don't touch this stock until after the election

Cramer: Don’t touch this stock until after the election

It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Clorox: "I would like to hold it here. Clorox is down 18 straight points from its high. I was doing a lot of chart work this weekend. I don't know man, if that stock breaks $120 and gets to be almost a 3 percent yield, then I say pull the trigger without hesitation. Right now it's just a hold because that group is really under pressure."

NRG Energy: "It's unbelievable, this thing is like $12, $11. I've got to tell you I think it's worth more, but that balance sheet is not that good. I don't want to sell it down here, but I've got to tell you if it does go back up to $16 or $17, sell, sell, sell."

Teva Pharmaceutical Industries: "No. They are front and center in the war … I wouldn't touch that stock until after the election."

AK Steel: "This thing is unbelievable, this thing got cut in half … there is a series of price cuts now in steel. But at $4 I am not a seller of AK. Nucor did cut its earnings estimates last week, though, and that was very jarring to me."

Kellogg: "This thing has got $3 down and $5 up … The stock acts much better than every one of them in that consumer packaged goods group. Take a look at what happened to Campbell and Kraft-Heinz today just got crushed. I'm not going to get rid of it down here, and I do think that there is a better risk-reward."

Tractor Supply Company: "I think it's way overdone. I have to tell you, I know that the weather was really bad but this is a well-run company. I am not going to sell that stock in the $60s. That makes no sense at all."

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