HomeBusinessThis Defensive Consumer Stock is a Buy, Archer-Daniels-Midland is a 'Value Trap'

This Defensive Consumer Stock is a Buy, Archer-Daniels-Midland is a ‘Value Trap’

Jim Cramer: This Defensive Consumer Stock is a Buy, Archer-Daniels-Midland is a ‘Value Trap’

About CNBC’s ‘Mad Money Lightning Round’ Jim Kramer said NANO Nuclear Energy Inc. (NASDAQ:NNE) is losing “a lot of money.”

On October 1, NANO Nuclear Energy said Carlos O. Maidana has been named head of the company’s thermal hydraulics and space program.

Cramer recommended purchase McKesson Corporation (NYSE: MKC). “I’m ready to start buying, don’t buy everything at once.”

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On September 25, Deutsche Bank analyst George Hill McKesson maintained a buy and lowered the price target from $623 to $579.

Diamondback Energy, Inc. (NASDAQ:FANG) is “a little too much oil for me,” Cramer said.

On October 1, Wells Fargo analyst Roger Read maintained Diamondback Energy with an overweight and lowered the price target from $230 to $219.

“It has a huge multiple for its growth rate, and that worries me. I have to say we have to come up with something that is less expensive,” Cramer said when asked about it Small fuse (NASDAQ:LFUS).

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On August 29, Baird analyst Luke Junk maintained Littelfuse with an Outperform rating and raised the price target from $300 to $315.

Archer Daniels Midland Company (NYSE:ADM) is a “value trap,” Cramer said.

On September 9, UBS analyst Manav Gupta maintained Archer-Daniels Midland at a Neutral and raised the price target from $60 to $64.

Price promotion:

  • Shares of NANO Nuclear Energy rose 14.8% to hit $16.54 on Tuesday.

  • McKesson shares rose 0.8% to close at $498.48 on the session.

  • Diamondback shares rose 3% to close at $177.52 during Tuesday’s session.

  • Shares of Littelfuse fell 1.7% to close at $260.64 on Tuesday.

  • Shares of Archer-Daniels-Midland fell 0.4% to close at $59.52 on Tuesday.

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