Jim Cramer Likes This Industrial Stock: 'It's Got A Terrific Aerospace Business'

Author: Avi Kapoor | December 13, 2023 09:31am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said First Solar, Inc. (NASDAQ:FSLR) is going down because of decline in oil prices. "If oil bottoms, I think you have a win," he added. "But why buy a stock that’s levered to something that we have no control over?"

Cramer said Kaman Corporation (NASDAQ:KAMN) has got a "terrific aerospace business" and he really likes it. "I’ve got to tell you, it’s dirt cheap when it comes to what it can earn, not what it’s earning right now," he added.

When asked about The Cigna Group (NYSE:CI), he said, "I thought that buyback was humungous, but, you know what, it’s just gained so much from it, that I would rather ring the register than buy the stock."

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Cramer said GE Healthcare (NASDAQ:GEHC) is "mispriced…when you think about what has to happen if you’re going to get one of these Alzheimer’s drugs, which you’re going to need an MRI, contrast MRI. GE Healthcare is going to be the way you’re going to be able to get it. And that’s just an unbelievable business, so I think you have to own that stock."

The Mad Money host recommended buying AeroVironment, Inc. (NASDAQ:AVAV). "AeroVironment I thought had a very good quarter, I think it was profit-taking. I think that their drone business is terrific, and Mr. Nawabi is just doing a terrific job," he noted.

Price Action:

• Shares of Kaman fell 0.6% to close at $22.28
• AeroVironment rose 1.5% to $125.13 on Tuesday.
• GE Healthcare rose 1.3% to $72.05
• Cigna fell 1.7% to settle at $296.71 during Tuesday’s session.
• First Solar shares fell 4.3% to settle at $139.90 on Tuesday.

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Image: Shutterstock (edited)

Posted In: AVAV CI FSLR GEHC KAMN