Jim Cramer Says “Hold on to Howmet”

Howmet Aerospace Inc. (NYSE:HWM) is one of the stocks Jim Cramer recently answered questions about. During the lightning round, a caller mentioned that they bought the stock in 2014 and inquired if they should hold or sell it. In response, Cramer said:

“Okay, I want you to hold Howmet. I think it’s probably the best performer in the industry. It’s going up even as its… really its major customers are not doing that well. Can you imagine what happens when the customers start doing well? I say hold on to Howmet.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Howmet Aerospace Inc. (NYSE:HWM) provides engineered solutions for aerospace and transportation, including aircraft engine components, fastening systems, structural materials, and forged wheels. Cramer highlighted the stock during the July 1 episode and said:

“But what do we do with the very different set of winners for the first half? I want you to consider the GE Vernovas and the Howmets and the Palantirs, the stocks that are likely to finish the year dramatically higher from these exalted levels. What do you do with the stocks that have been on a run nonstop for 26 weeks, though? I think you send them on one of those two-week vacations like that Southeast Asia, Cape Town, maybe New Zealand. You pay no attention to them. Let them have a good time. Just take them off your screen, come back to them when the rotations run its course.”

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Disclosure: None. This article is originally published at Insider Monkey.