Jim Cramer Likes Cava Group, Calls This Utilities Stock ‘Terrific’

Avi Kapoor | November 1, 2024

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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes CAVA Group, Inc. (NYSE:CAVA).

On Oct. 29, Citigroup analyst Jon Tower maintained Cava Group with a Neutral and raised the price target from $115 to $140.

When asked about GE Aerospace (NYSE:GE), he said, “You have to have planes last longer. And that means more GE business.”

On Oct. 22, GE Aerospace reported third-quarter 2024 adjusted revenue growth of 6% year-over-year to $8.943 billion and GAAP revenue of $9.84 billion. The analyst consensus was $9.022 billion.

Stryker (NYSE:SYK) is a “really good” company,” Cramer said. “It’s just one of those companies that you just want to own it — I hate to say this — and forget about it, because that’s how good it is.”

On Oct. 22, Stryker reported quarterly earnings of $2.87 per share which beat the analyst consensus estimate of $2.77 per share. The company reported quarterly sales of $5.49 billion which beat the analyst consensus estimate of $5.37 billion.

Lantheus Holdings, Inc. (NASDAQ:LNTH) is “very good,” he said. “It’s a great place to be, particularly with all the things that are being done with AI.”

Lantheus Holdings will host a conference call on Wednesday, Nov. 6, to discuss its financial and operating results for the third quarter.

Essential Utilities, Inc. (NYSE:WTRG) is a “great” company, the Mad Money host said. “That is a terrific stock.”

Essential Utilities will report earnings for the quarter ending Sept. 30, after the closing bell on Nov. 4.

Price Action:

  • GE Aerospace shares fell 1.6% to settle at $171.78 on Thursday.
  • Stryker shares dipped 2% to close at $356.28 on Thursday.
  • Lantheus shares gained 0.4% to settle at $109.84 during the session.
  • Essential Utilities fell 0.4% to settle at $38.60 on Thursday.
  • Cava shares fell 0.2% to close at $133.56.

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