Jim Cramer Shares His Insights on Various Stocks, Including AMC and John Bean Technologies

During an episode of CNBC's 'Mad Money Lightning Round,' television personality and financial analyst Jim Cramer discussed his thoughts on several stocks, offering both praise and caution to investors. He expressed a strong liking for John Bean Technologies Corporation (JBT), mentioning it as an appealing company within the global industrial food sector. Cramer described JBT as 'quirky' yet valuable, highlighting its latest fiscal year results and an upcoming takeover bid for Marel planned for the early part of 2024.

John Bean Technologies Holds Cramer's Favor

John Bean Technologies, known for its specialization in food processing machinery, released preliminary figures for the fiscal year 2023 and provided an outlook for 2024. These disclosures contribute to the company's intriguing market position, reinforcing Jim Cramer's favorable stance.

Northrop Grumman Gets Cramer's Nod

Conversely, Cramer termed Northrop Grumman Corporation (NOC) as 'one of the most hated stocks.' Despite such sentiment and a substantial quarterly net loss, Cramer sees potential in the defense contractor at its current price, suggesting investors might consider buying a quarter position at the current levels.

AMC and Procore Technologies: Mixed Views

On the other hand, Cramer seemed less enthusiastic about AMC Entertainment Holdings, Inc. (AMC), referencing its undesirable performance and insinuating that investors aim for stocks with growth potential. He referenced AMC's latest achievement in box office records but hinted it might not translate into a more favorable investment option.

Additionally, Cramer labeled Procore Technologies, Inc. (PCOR) as a 'very, very expensive' stock, suggesting that it may be time for investors to take profits from the construction software company. Despite a positive analyst rating and an increased price target, his advice leaned toward selling a portion of holdings in Procore.

Investor response to Cramer's comments could be observed in the minor shifts in the stock prices of these companies during the trading session, with each mentioned stock experiencing different degrees of price movement.

Cramer, Stocks, Analysis