On CNBC’s “Mad Money Lightning Round,” Jim Cramer said The Western Union Company (NYSE:WU) has got no growth.
Western Union, on Aug. 10. announced the acquisition of Intermex (NASDAQ:IMXI) for approximately $500 million. The acquisition is set to bolster Western Union’s position in the high-growth Latin American markets.
“Johnson Controls (NYSE:JCI) has done a very good job of moving into the data center. I do like Vertiv (NYSE:VRT) more, but Johnson Controls is a very good company,” Cramer said.
Johnson Controls, on Sept. 10, raised its dividend from 37 cents to 40 cents per share.
When asked about MNTN, Inc. (NYSE:MNTN), he said, “We have to see another quarter, because that was really a suboptimal situation. I’m not going to back it.”
On Aug. 5, MNTN reported a second-quarter loss of 65 cents per share, versus a year-ago loss of 69 cents per share. The company reported quarterly sales of $68.460 million, which beat the analyst consensus estimate of $64.483 million.
Cramer said no to Nordic American Tankers (NYSE:NAT).
Supporting his view, Nordic American Tankers, on Aug. 28, posted weaker-than-expected quarterly sales.
“You don’t want to be in it,” Cramer said when asked about Occidental Petroleum Corporation (NYSE:OXY).
UBS analyst Josh Silverstein, on Sept. 15, maintained Occidental Petroleum with a Neutral and raised the price target from $45 to $46.
Cramer said although he doesn’t want to dump Kenvue Inc. (NYSE:KVUE) right here, but he doesn’t see a lot of upside in it.
On Sept. 16, Citigroup analyst Filippo Falorni maintained Kenvue with a Neutral and lowered the price target from $22 to $20.
Price Action:
- Western Union shares fell 1.7% to settle at $8.20 on Thursday.
- Johnson Controls shares gained 1% to close at $108.48.
- MNTN shares rose 0.1% to settle at $20.08 on Thursday.
- Nordic American shares fell 0.3% to $3.30.
- Occidental Petroleum shares rose 0.4% to close at $47.36.
- Kenvue shares fell 1.3% to settle at $18.10.
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