Cramer Says He's 'Not Going To Really Want To Do A Lot Of China Right Now'
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying RELX PLC (NYSE:RELX).
Supporting his view, Barclays analyst Julien Roch, on March 14, upgraded RELX from Equal-Weight to Overweight.
“I personally would not own Altria (NYSE:MO),” Cramer said.
On the earnings front, the company reported a first-quarter FY25 sales decline of 5.7% year-on-year to $5.26 billion on April 29, beating the analyst consensus estimate of $4.62 billion. Adjusted EPS of $1.23 beat the consensus estimate of $1.18.
Cramer said he would not recommend Lincoln National Corporation (NYSE:LNC) and recommended going with Chubb Limited (NYSE:CB).
As per recent news, Lincoln Financial and Bain Capital announced on June 5 the closing of an equity capital raise and the launch of a long-term strategic partnership.
When asked about EHang Holdings Limited (NASDAQ:EH), he said, “I'm not going to really want to do a lot of China right now.”
On the earnings front, EHang Holdings posted an adjusted loss of 6 cents per share on May 26, compared to a loss of 2 cents per share the previous year.
Price Action:
- RELX shares fell 1% to settle at $53.80 on Thursday.
- Altria gained 0.1% to settle at $59.39 on Thursday.
- Lincoln National shares rose 0.4% to close at $32.81.
- EHang shares fell 1.6% to settle at $16.05 during the session.
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Posted-In: China CNBC mad money Lightning RoundLong Ideas News Markets Media Trading Ideas
