In this article, we will look at the 5 Stocks Jim Cramer Gave Opinions on, including Honeywell and Chevron. For a deeper discussion and an extended list, please see “Jim Cramer Gave Opinions on 13 Stocks: Marvell, Chevron, and More.”
5. Formula One Group (NASDAQ:FWONK)
Formula One Group (NASDAQ:FWONK) is one of the stocks on which Jim Cramer gave his opinions. Cramer was bullish on the stock, as he stated:
Liberty Media has an infamously complex corporate structure… But they’ve historically had tracking stocks for their subsidiaries that give you something like a pure play in niche businesses like this one. Liberty Formula One represents ownership of the Formula 1 Auto Racing League, MotoGP for Grand Prix motorcycle racing, and a bunch of minority investments in a grab bag of different things. If you want to own this one… I’m going to recommend: the series C, as in Charlie shares, which trade under this ticker FWONK… because they have the most liquidity… At $83 and change, I think it’s a terrific buying opportunity…
Seeing Wells Fargo basically cover its short, so to speak, on Formula One was pretty encouraging because they’ve been the biggest sell-side bear on the stock, which has 13 Buy ratings and four Holds. In fact, even after raising its price target to $95, Wells still has the lowest price target for this thing. Everyone else, even the few analysts with Holds, well, they have price targets north of $100. Finally, valuation-wise, I won’t lie to you, Formula One’s not cheap. It’s expensive, trading around 42 times this year’s earnings estimate, but I’m willing to pay up for this stock because it’s got an incredibly unique business. In fact, I would argue that Formula One deserves a premium just for its scarcity value alone.
Plus, if you look back to where the stock started trading about two and a half years ago, this is actually the cheapest it’s ever been on a PE or price-to-earnings basis. So here’s the bottom line: This weekend, a new season of Formula 1 racing begins on Apple TV. But as you watch the action on the track, maybe consider opening a new position in Formula One shares. This is one of the few business opportunities in pro sports that you can participate in directly. Stock’s been a good long-term performer, but after its recent pullback over the past five months, I think you’re getting an amazing opportunity to make some real money.
Formula One Group (NASDAQ:FWONK) manages the commercial rights to the FIA Formula One World Championship, a global racing series.
4. Fermi Inc. (NASDAQ:FRMI)
Fermi Inc. (NASDAQ:FRMI) is one of the stocks on which Jim Cramer gave his opinions. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:
This is really hard. It’s a really speculative stock, and so I’m just going to be really blunt, and I’m going to tell you I want you to sell it… Just sell it, okay? I just don’t like it, and I always feel so, I know that sounds very harsh, but I think it’s a loser. Was a loser from the day it came public, even as I like the people who are involved. Ouch.
Fermi Inc. (NASDAQ:FRMI) is developing large-scale next-generation electric grids designed to power advanced artificial intelligence. The company’s planned campus will integrate nuclear, natural gas, solar, battery storage, and utility power to deliver highly redundant gigawatt-scale energy. Cramer discussed the stock during the January 7 episode, as he said:
Let’s not forget Fermi, which came public at the beginning of October on the heels of the most speculative AI-related trading of the year. Fermi’s more of a business plan than a business. They plan to build a massive data center in Texas, along with their own power generation, including, of course, something that everybody loves, a nuclear reactor eventually. Neat plan, but I almost lost my mind when the market bestowed this thing a $19 billion valuation right out of the gate. Like I said at the time, no business plan is worth $19 billion. Fermi was at $32 back then. Now, it’s at under 10 bucks. I hope you dodged that bullet.
3. Chevron Corporation (NYSE:CVX)
Chevron Corporation (NYSE:CVX) is one of the stocks on which Jim Cramer gave his opinions. When a caller inquired about the stock, Cramer said:
Let me go to work on this… Because I gotta tell you something, you did hit the key stock in this entire market, and that is Chevron. Why? Because Michael Wirth is the best at what he does. You got Mike Wirth at the helm, you got the best assets, you got a great yield, you got a rock-solid balance sheet. But you now have a high stock price. This has just had a parabolic move… and what do you do with a parabolic move? You either sell half or sell a quarter, and that’s what you’re going to do Monday. That is not a criticism of Mike and Chevron; it’s what I always advise, and it’s almost always right. Sell half or a quarter. The stock has moved too high, too quickly.
Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. We mentioned the stock while discussing the best spring stocks to buy. You can read it here.
2. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks on which Jim Cramer gave his opinions. A caller asked what Cramer thinks will happen next with regard to the company, and he said:
Well, you know, I’ve got to tell you… The group has gotten very out of favor all of a sudden, it always gets out of favor when the price of the pump goes really high, and that’s what this is, that’s what this is associated with. The actual Chipotle Mexican Grill is doing better, and at 30 times earnings, with Scott Boatwright really starting to, I think having a positive impact, I want to buy some here, not sell some. I think it’s the right place to be.
Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates restaurants that provide burritos, bowls, tacos, salads, and other menu items. A caller inquired about the stock during the February 26 episode, and Cramer replied:
Well, look, let’s look at the thing objectively. It reported the last quarter, and it was right here. And I said this stock’s done going down, and I am sticking with that judgment. I think Scott Boatwright is turning the ship, and this is the level that you gotta pull the trigger and buy some Chipotle.
1. Honeywell International Inc. (NASDAQ:HON)
Honeywell International Inc. (NASDAQ:HON) is one of the stocks on which Jim Cramer gave his opinions. During the episode, a caller inquired if the company’s parts that it spins off will be better than the whole, and Cramer replied:
Alright, it’s a great question. Now, here’s the issue. It just moved. It moved huge, and now it’s pulling back a little, and I think that you gotta let it pull back a little bit more if you want to get involved, because it looks like this stock has had a short-term peak. Both Jeff Marks and I think this company is sensational. We’re not selling. We want to own it right into the split, but be aware it’s had a big run, and now if those industrials try to come down a little, you got a better price, and then you take it.
Honeywell International Inc. (NASDAQ:HON) develops and sells technologies and solutions across aerospace, industrial automation, building management, and energy and sustainability. Cramer discussed the company during his game plan presented during the January 23 episode. He commented:
Thursday morning, we hear from Honeywell. Now, this is really complicated. When the company reports, almost every single time, the stock’s going down, plain and simple. The stock has run up lately because it’s planning to list shares of its quantum business, Quantinuum, and that’s got many traders going. They own the majority stake, and it should be red-hot. But in the end, Honeywell’s still a company that’s breaking into three pieces.
Well, it breaks into a couple of pieces and I gotta tell you, here’s what’s going to happen: You’re going to get people who say, I don’t want the automation. It’s going to get people who say, I don’t want the aerospace. And the other people who are going to say, I don’t know how long this thing’s going to take, but I don’t want to be involved with it. And that’s going to cause the stock, I think, to take a hit. Would I sell it Wednesday to buy it back Thursday? I’m not a trader, okay? Do I think that’s exactly what’s going to happen? Yes.
While we acknowledge the potential of Honeywell International Inc. (NASDAQ:HON) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x upside potential, check out our report about this cheapest AI stock.
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