In a recent episode of CNBC’s ‘Mad Money Lightning Round,’ Jim Cramer shared his thoughts on several companies, offering insights into their current market standing and potential.
Cramer expressed positivity towards
Palo Alto Networks (PANW)
, labeling it a ‘good one.’ This sentiment was echoed by Morgan Stanley analyst Hamza Fodderwala, who maintained an Overweight rating and raised the price target from $390 to $421.However, Cramer expressed concern regarding
Boeing (BA)
, highlighting his worries about the company’s financial health. He stated, “The balance sheet’s not great, and they should have raised capital when they had a chance to. This was a very jarring series of news tonight, and I don’t have any conviction whatsoever that they are getting this right.” These concerns stem from Boeing’s recent third-quarter report, which revealed a preliminary loss of $9.97 per share and revenue of $17.8 billion. The company also announced a 10% reduction in its workforce.Turning to
Johnson Controls International (JCI)
, Cramer expressed surprise at the company’s recent comeback, stating, “Can you believe that company’s made such a comeback?” He further showed his favor for companies in the same sector, mentioningCarrier (CARR)
,Trane (TT)
, andJohnson Controls
. Wells Fargo analyst Joe O’Dea shared a similar optimistic outlook on Johnson Controls, maintaining an Overweight rating and raising the price target from $80 to $84.Lastly, Cramer deemed
Fulton Financial Corporation (FULT)
a ‘good one.’ The company is scheduled to report its third-quarter 2024 earnings on Tuesday, October 15, at approximately 4:30 p.m. ET.In terms of market performance, Boeing shares gained 3% to close at $151.02 on Friday. Palo Alto shares rose 1% to finish at $373.20. Johnson Controls International shares gained 0.9% to close at $77.61 on Friday. Fulton Financial shares climbed 2.7% to end the session at $17.95.