Jim Cramer Calls This Industrial Stock ‘Sensational’ And Ameriprise Financial ‘Fantastic’
Key takeaways
- Cramer recommends buying Lockheed Martin and Ameriprise Financial shares.
- Lockheed Martin received a $1.2 billion contract modification
- Ameriprise Financial posted better-than-expected earnings for the second quarter
- Eli Lilly agreed to acquire AtaiBeckley in a deal valued at up to $3.8 billion
What happened
Jim Cramer recommended Lockheed Martin Corporation (LMT) and Ameriprise Financial on CNBC's 'Mad Money Lightning Round', calling them 'sensational' and 'fantastic' respectively. Lockheed Martin received a major U.S. government contract modification for PAC-3 Missile Segment Enhancement interceptors. Ameriprise Financial posted better-than-expected earnings for the second quarter.
Why it matters
Cramer's recommendations can impact stock prices. Lockheed Martin's contract modification is a significant development for the company. Ameriprise Financial's earnings beat is a positive sign for the financial sector.
Short-term and longer-term
Short-term. Over the next day or two, watch the next open for Jim Cramer (LMT), and any same-day update to the year-ahead numbers.
Longer-term. Cramer's recommendations and Lockheed Martin's contract modification may have significant implications for the stock market.