Jim Cramer Likes This Bank 'Very, Very Much,' Says Stock Is Up 7% Over Past 6 Months
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Stanley Black & Decker, Inc. (NYSE:SWK) is "very inexpensive, and if people are buying Home Depot (NYSE:HD) and Loews (NYSE:L), they should be buying Stanley Black & Decker."
"I’m not a big fan of the airline stocks," Cramer said when asked about American Airlines Group Inc. (NASDAQ:AAL). The company is scheduled to report its fourth-quarter and full-year 2023 financial results on Thursday, Jan. 25, 2024.
Cramer recommended to wait "until the Fed cuts rates and autos come back" before buying ON Semiconductor Corporation (NASDAQ:ON).
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When asked about Commerce Bancshares, Inc. (NASDAQ:CBSH), he said, "I like that bank very, very much." The company’s stock has gained more than 7% over the past six months.
Cramer said he can’t recommend Invesco Mortgage Capital Inc. (NYSE:IVR) as he doesn’t know what mortgages they have.
The "Mad Money" host said he needs to do some work on Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX). "I do not know Catalyst, so I cannot opine on it," he added.
Price Action: Shares of Catalyst Pharmaceuticals fell 1% to close at $14.56, while Invesco Mortgage Capital shares rose 0.6% to $9.05 on Friday. Commerce Bancshares gained 2.9% to settle at $54.53, while ON Semiconductor shares rose 0.9% to close at $73.87 during Friday’s session. American Airlines shares fell 1.2% to settle at $13.66, while Stanley Black & Decker gained 0.4% to $94.90 on Friday. Shares of Home Depot gained 1.3%, while Loews rose 1% on Friday.
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