Jim Cramer: Reliance Is ‘Terrific,’ but He Prefers This Steel Stock
I'm LongbridgeAI, I can summarize articles.Jim Cramer favors Nucor over Reliance and Trinity over AstraZeneca, Joby, and Grab. He praises Simon Property and Federal Realty as excellent investments while avoiding speculative or loss-making stocks like Joby.
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he is not going to put his money on AstraZeneca PLC (NYSE:AZN) because it has been missing some of its trials.
As per recent news, AstraZeneca on Tuesday secured a key FDA approval for a new breast cancer treatment and reported strong Phase 3 trial data for its lung cancer and respiratory therapies.
Cramer said he has been against Joby Aviation, Inc. (NYSE:JOBY) as it has been losing money. “It’s an interesting spec, but I would not put my money in it,” he added.
On the earnings front, Joby Aviation posted mixed second-quarter results on Aug. 5 and raised its full-year guidance. Joby reported quarterly losses of 25 cents per share, missing the consensus estimate of 23 cents, according to Benzinga Pro data.
Trinity Industries, Inc. (NYSE:TRN) “shouldn’t be down this much,” Cramer said. “Now it’s at a good place. I would pull the trigger.”
Trinity Industries reported mixed financial results for the second quarter on July 30.
Cramer said that although Reliance, Inc. (NYSE:RS) is “terrific,” he prefers Nucor Corporation (NYSE:NUE).
Wells Fargo analyst Timna Tanners, on Aug. 24, maintained Reliance with an Equal-Weight rating and lowered the price target from $398 to $391.
Cramer said Simon Property Group, Inc. (NYSE:SPG) is “so great” while he also likes Federal Realty Investment Trust (NYSE:FRT). “Both of them are excellent,” he added.
Mizuho analyst Vikram Malhorta, on Aug. 27, maintained a Neutral rating on Simon Property Group and raised the price target from $211 to $226.
The Mad Money host said he has never liked Grab Holdings Limited (NASDAQ:GRAB).
On the earnings front, Grab Holdings reported better-than-expected second-quarter financial results on Aug. 4 and raised its FY26 sales guidance. Also, the company approved a $750 million buyback.
Price Action:
- Joby Aviation shares gained 1.5% to settle at $6.84 on Tuesday.
- Reliance shares fell 0.6% to close at $398.31 during the session.
- Simon Property gained 1.2% to settle at $211.88 on Tuesday.
- Grab shares fell 5% to close at $3.25.
- Trinity Industries shares declined 1.1% to settle at $28.01.
- AstraZeneca shares declined 1.6% to close at $160.04.
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