On CNBC’s ‘Mad Money Lightning Round,’ Jim Cramer, the outspoken host known for his bold stock picks, weighed in on several companies, providing insights and recommendations for investors.
CVS Health Corporation (CVS):
Cramer sees real value in CVS Health. This sentiment is echoed by Barclays analyst Andrew Mok, who recently upgraded CVS from Equal-Weight to Overweight and raised the price target from $63 to $82.Micron Technology, Inc. (MU):
Cramer enthusiastically recommended Micron Technology, praising its impressive performance during the recent quarter. Keybanc analyst John Vinh maintained his Overweight rating on Micron but lowered the price target from $145 to $135.Old Dominion Freight Line (ODFL):
While Cramer believes Old Dominion will have a strong year, he prefers the stock of Union Pacific (UNP). Citigroup analyst Ariel Rosa initiated coverage on Old Dominion with a Neutral rating and set a price target of $206.American Tower (AMT):
Cramer advised investors to steer clear of American Tower. However, Barclays analyst Tim Long maintained an Overweight rating on the company and raised the price target from $223 to $255.Howmet Aerospace Inc. (HWM):
Cramer believes Howmet Aerospace is poised for further growth, calling it one of the greatest stocks of his time. Howmet Aerospace will be releasing its third-quarter 2024 financial results on Wednesday, November 6th.ADMA Biologics (ADMA):
Cramer described ADMA Biologics as a ‘very speculative’ stock. Cantor Fitzgerald analyst Kristen Kluska reiterated an Overweight rating and maintained a $20 price target.Modine Manufacturing (MOD):
Cramer recommended buying Modine Manufacturing, praising it as a strong performer in the metal-bending industry. DA Davidson analyst Matt Summerville maintained a Buy rating and raised the price target from $140 to $155.Robinhood (HOOD):
Cramer sees value in Robinhood, recommending investors to buy the stock. Piper Sandler analyst Patrick Moley maintained an Overweight rating and kept a $27 price target.The stock market reacted to these recommendations and analyst ratings with mixed results:
* Old Dominion shares rose slightly by 0.1% to close at $194.59.
* Micron shares gained 3.9% to close at $105.69.
* American Tower shares dipped 1.3% to close at $217.90.
* Howmet Aerospace shares fell 1.5% to close at $102.10.
* Modine Manufacturing shares declined 2.3% to settle at $130.95.
* ADMA Biologics shares took a significant hit, dropping 16.3% to close at $17.01.
* Robinhood shares fell 0.6% to close at $25.50.
* CVS shares gained 1.3% to close at $66.85.
It’s important to note that these are just a few of the many stocks discussed on ‘Mad Money.’ It’s crucial to conduct your own research and consult with a financial advisor before making any investment decisions.
