Cramer Says This 'Inexpensive' Stock Is 'Doing Some Great Things With Aerospace'

Author: Avi Kapoor | January 05, 2024 09:51am

Jim Cramer said WK Kellogg Co (NYSE:KLG) doesn’t have a "lot of growth, and it doesn’t have a lot of yield." He prefers Kellanova (NYSE:K) to that one.

Recall how, in September, Kellogg split into two independently traded companies. The global snacking business was formed into Kellanova and the North American cereal brand became WK Kellogg.

When asked about Lithia Motors, Inc. (NYSE:LAD), Cramer said, "I like CarMax, Inc. (NYSE:KMX), they're magnificent, and then I like Lithia."

The "Mad Money" host also said he doesn’t recommend the tobacco companies, when asked about Altria Group, Inc. (NYSE:MO).

When asked about Citigroup Inc. (NYSE:C), he said, "I say ix-nay Citi-nay. I like Wells Fargo & Company (NYSE:WFC)."

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The "Mad Money" host said Palantir Technologies Inc. (NYSE:PLTR) reported a "pretty good" last quarter. "They should come on the show and talk about that last quarter."

"They are doing some great things with aerospace, they are an inexpensive stock, even up here," Cramer said about General Electric Company (NYSE:GE). "These guys are the real deal, I like them even more than The Boeing Company (NYSE:BA)."

When asked about RayzeBio, Inc. (NASDAQ:RYZB), he said, "That ship has sailed."

"I happen to like the company," Cramer said when asked about Matador Resources Company (NYSE:MTDR). "But, remember, I am a Coterra Energy Inc. (NYSE:CTRA) person."

Price Action

• Shares of Coterra fell 1.9% to close at $25.39.
• Matador Resources fell 4.3% to $55.44 on Thursday.
• RayzeBio rose 0.1% to settle at $61.84.
• Boeing gained 0.4% to $244.94 during Thursday’s session.
• General Electric shares gained 0.5% to settle at $124.66.
• Palantir rose 1% to close at $16.25 on Thursday.
• Wells Fargo shares rose 1.2%, while Citigroup added 0.2%.
• Altria shares gained 0.3%.
• CarMax lost 1% and Lithia Motors fell 2.2% on Thursday.
• Kellanova shares fell 1.1% to close at $56.84.
• WK Kellogg declined 1.9% to settle at $13.29 during Thursday’s session.

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Posted In: BA C CTRA GE K KLG KMX LAD MO MTDR PLTR RYZB WFC