This Is 'One Of The Hottest Stocks In The Universe,' Jim Cramer Says
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Rocket Lab Corporation (NASDAQ:RKLB) is a buy, adding that it is “one of the hottest stocks in the universe.”
On June 30, the space-tech company notched its fastest launch turnaround ever, completing its 68th Electron mission and signaling a new era of rapid-response rocket deployment.
He also recommended buying Huntington Ingalls Industries, Inc. (NYSE:HII).
Supporting his view, TD Cowen analyst Gautam Khanna, on July 10, upgraded Huntington Ingalls from Hold to Buy and raised the price target from $250 to $300.
“This thing is just a coiled spring when we get the new numbers,” Cramer said when asked about Eli Lilly and Company (NYSE:LLY). “There are many big studies coming down the pipe.”
Guggenheim analyst Seamus Fernandez, on July 11, maintained Eli Lilly with a Buy and raised the price target from $936 to $942.
When asked about TSS, Inc. (NASDAQ:TSSI), he said, “That's a pretender. We want to be in CoreWeave if we're going to go there.”
On the earnings front, TSS, on May 15, reported a year-over-year increase in first-quarter revenue results.
Cramer recommended not buying Conagra Brands (NYSE:CAG), saying it's a “very tough situation.”
The company, on July 10, reported adjusted earnings per share of 56 cents, missing the analyst consensus estimate of 58 cents. Quarterly net sales of $2.78 billion, missed the Street view of $2.83 billion.
Cramer recommended buying NXP Semiconductors N.V. (NASDAQ:NXPI) on Monday morning.
Lending support to his choice, KeyBanc, on July 8, maintained an Overweight rating and raised the price target from $240 to $275.
Power Solutions International, Inc. (NASDAQ:PSIX) is an “amazing stock, it's not even that expensive,” Cramer said.
Supporting his view, the company, on May 8, reported a year-over-year increase in first-quarter financial results.
Price Action:
- Huntington Ingalls Industries shares gained 0.03% to settle at $258.18 on Friday.
- Rocket Lab shares fell 0.2% to close at $39.03.
- TSS shares gained 3.3% to settle at $26.46 on Friday.
- Eli Lilly shares gained 0.3% to close at $793.01.
- Conagra Brands shares fell 0.5% to settle at $19.40 on Friday.
- NXP Semiconductors shares fell 1.8% to close at $228.92.
- Power Solutions International shares gained 5.3% to settle at $72.02.
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