Jim Cramer and Jeff Marks take a deep dive into a series of industrial stocks to discuss what they like and what they’re watching. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
Squawk on the Street
Cramer's Morning Take: Industrial Stocks 7/10/24
Jim Cramer and Jeff Marks take a deep dive into a series of industrial stocks to discuss what they like and what they’re watching. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer
- Duration:
- 4m
- Broadcast on:
- 10 Jul 2024
- Audio Format:
- mp3
Hey, Fidelity. Can I get a second opinion on stocks in the Fidelity app? With Fidelity, it's easy to get an outside opinion from independent experts in a single score. And then? When you're ready, trade US stocks and ETFs with no commissions. That's right. I am always right. Investing involves risk, including risk of loss. Sell or assessment fee not included. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at fidelity.com/commissions. Fidelity, brokerage services LLC, member NYSE/IPC. Jim Kramer here to share with you a sample of my take on the market from today's CBC Investing Club morning meeting. The one element that I have is that people keep thinking there's just four or five companies. There's actually, I can name like 50 companies that are doing well because they're involved with tech titans. Listen, Honeywell wants to be involved with tech titans with his acquisition. And just to go back, I could argue it's good for DuPont's electronics businesses as well. It's stronger, but no one's focused on this as a customer. Yeah, it's great that you mention that because we're going to come in one day, and DuPont's stock is going to be a five. And people say, "Well, why was it a five?" And the answer is what we just said. And I think that you have to own DuPont right here. It's just not the DuPont. It seems like it's stuck in the breakup, purgatory. People want to wait, but don't count out. Breen, who's the chairman now, by the way? Yes, that's right. To look to extract value by ahead of time in the market. I mean, I would actually buy some right here. No, we last buy was what, '79? I think '79, '78. Would you buy some right here? I mean, look, it's definitely tempting. If you don't own it, I would definitely buy some. Definitely like it. You want to wait 'til the '76, if it goes to '76? Yeah, we'll keep an eye on it. All right, all right. You mentioned Honeywell 2, so there in the news, they make an acquisition this morning, spending $1.8 billion to acquire air products. LNG Heat Exchanger Business, a small deal, but it complements their existing LNG portfolio, and their pre-treatment solutions for LNG, a market that is expected in double over the next two decades. The changers, they do, from that gas. We know that that gas is going, well, look, every one of the tech titans would like it to be just solar and wind, but you can't. They cannot power all the data centers. They need natural gas. Tom Kotara said that. David and I were kind of going back and forth. Tom Kotara's talking about Walter Kyders, of course, he's at Tom and Kotara, Tom Jordan, CEO of Kotara. But we also, I think, are taking a look. That means that you want to look at Eaton and go back to Dover. Those are, once again. Those are stalled. The chart doesn't look good. I think that's really bothering you. Yeah, it has kind of stalled out here after toward the beginning of the year. You have a couple analysts with Goldman Sachs, Wells, they're both expecting another beaten raise. Right. But you, CEO, we got to be worth, Craig's retiring. Craig Arnold, I believe. Inching, like, Romans retiring from 3M, Jack Hartung from Chipotle. We've got some guys stepping down. Hey, by the way, before we get to in the wes here, we're mentioning, I think one of the reasons why the enterprise software companies are going down is they didn't do it. Basically, people don't believe that into it's really laying people off because they're using AI. People feel that it's slowing. And that would impact a lot of companies. Join the CMBC investing club with Jim Kramer. Catch my member exclusive warning meetings every day at 10 20 a.m. Visit cmbc.com/morningtake to become a member today. That's one word morning take. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cmbc.com/investingclubdisclaimer. High five. Up top. Dave's company just got the first ever five-year price lock guarantee from Comcast business. It's five years of gig speed internet, advanced security, and a great rate that won't change. All from the company with 99.9% network reliability. Yeah. He hasn't given this many high five since Deborah brought in her famous banana bread. Yes. The Comcast business five-year price lock guarantee. In Z82124, guaranteed rate applies to monthly service charge for new customers on qualifying internet bundle, excluding taxes and fees. Other restrictions apply.