On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Applied Aerospace & Defense, Inc. (NYSE:AADX) is losing money.
Applied Aerospace & Defense, on Aug. 12, posted a loss of $1.04 per share for the second quarter, hurt by increased expenses.
Cramer said Teradyne, Inc. (NASDAQ:TER) is right here as it has cooled off. “It’s got a great business, unassailable business, not a monopoly, but close to it,” he noted.
Baird analyst Quinn Fredrickson downgraded Teradyne from Outperform to Neutral on Aug. 21 and maintained the price target at $420.
The Boeing Company (NYSE:BA) goes down when crude oil goes higher, Cramer said. “We need to be on the sidelines until it breaks $200, which it might because it is so despised,” he added.
Argus Research analyst Kristina Ruggeri upgraded Boeing from Hold to Buy on Aug. 11 and set a $265 price target.
On the earnings front, Boeing posted an adjusted loss of 76 cents per share for the second quarter on July 28, wider than the 30-cent loss estimate, while revenue rose 8% year over year to $24.56 billion, beating the $24.245 billion estimate.
Price Action
- Teradyne shares fell 1.5% to settle at $349.83 on Monday.
- Boeing shares declined 1% to close at $207.78 during the session.
- Applied Aerospace & Defense fell 0.8% to settle at $13.20 on Monday.
Photo via Shutterstock
Login to comment