Jim Cramer Asks Why The World's Largest Healthcare Products Company Has 'An Ill-Advised Strategy'

Author: Lisa Levin | November 08, 2023 09:35am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said The Clorox Company’s (NYSE:CLX) recent quarter was "ok." He added, "I think that the hack is behind them. I think Linda Rendle is doing a very good job."

AGNC Investment Corp. (NASDAQ:AGNC) has "been a dog so long," Cramer said, "It’s just been a value trap."

Cramer said Cisco Systems, Inc. (NASDAQ:CSCO) is a buy. The company’s stock has gained around 11% year-to-date.

When asked about Johnson & Johnson (NYSE:JNJ), he said, "I wish the CEO would come out and explain to me why they have such an ill-advised strategy."

Don’t forget to check out our premarket coverage here

The "Mad Money" host said Ventas, Inc. (NYSE:VTR) got recommended on Tuesday, and "I think that’s ok. But it’s only got a 4% yield. I think you need to get more vague in order to be able to be in that group."

Price Action: Shares of Ventas fell 1.1% to close at $43.78, while Johnson & Johnson lost 0.5% to $150.90 on Tuesday. Cisco fell 0.3% to settle at $53.13, while AGNC gained 1.4% to close at $8.46 during Tuesday’s session. Clorox shares climbed 2.7% to settle at $132.52 on Tuesday.

Now Read This: Gannett And 3 Other Stocks Under $4 Insiders Are Buying

Photo: Shutterstock

Posted In: AGNC CLX CSCO JNJ VTR