Cramer Picks Texas Pacific Land as 'Very Inexpensive' Stock
Jim Cramer recently made his recommendations on various stocks during the 'Mad Money Lightning Round' on CNBC. One of the stocks he recommended buying is Texas Pacific Land Corporation (TPL), which he considers a very inexpensive stock that's going higher.
Texas Pacific Land reported worse-than-expected second-quarter results on August 5, but Cramer remains optimistic about its future performance. On the other hand, he expressed concerns about The Procter & Gamble Company (PG) due to its lack of growth and a 3% yield that's 'not enough'.
Cramer described Kailera Therapeutics, Inc. (KLRA) as the 'most speculative stock on earth', but acknowledged it as a potential speculation opportunity for investors who are willing to take risks. Ondas Inc. (ONDS), another stock mentioned by Cramer, is considered a 'meme' stock that has struggled to lift off despite being a good company.
Cramer also expressed concerns about Tractor Supply Company (TSCO) due to its recent downbeat second-quarter results and lowered full-year sales and earnings outlook. The stock prices of these companies have reacted accordingly, with Texas Pacific Land shares falling 2.1% on Thursday, while Kailera Therapeutics and Ondas Inc. shares rose slightly.