Jim Cramer Was Focused on These 15 Stocks Recently

1. Northrop Grumman Corporation (NYSE:NOC)

Number of Hedge Fund Holders: 42

Northrop Grumman Corporation (NYSE:NOC) is one of the stocks Jim Cramer was recently focused on. Inquiring about the stock, a caller asked if it is a good time to sell or to “let it ride”. Cramer replied:

“No, no, no, no. It’s a high-quality company. Very good company. Good balance sheet, smart people. I want to own the stock. Own it. I’ll give you RTX too. I think that works in a similar fashion.”

Northrop Grumman Corporation (NYSE:NOC) develops aerospace and defense technologies, including advanced aircraft, unmanned systems, missiles, precision weapons, and missile defense solutions. The company also provides space systems, satellites, launch vehicles, command and control technologies, sensors, cyber solutions, and sustainment services. During the September 5 episode, when a caller asked for Cramer’s advice on the stock, he responded:

“I’m going to say weak hold. I don’t like the traditional hardware defense stocks, particularly if they’re up a lot, which happens to be the case of Northrop Grumman. So… a little profit-taking there. It’s a little above the market multiple.”

While we acknowledge the potential of Northrop Grumman Corporation (NYSE:NOC) 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 NOC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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