Stocks
Cramer Singles Out SPHR as Top Pick Amid Skepticism Over HONA and APP
On CNBC's 'Mad Money Lightning Round', Jim Cramer made several recommendations for viewers. One of his top picks was Sphere Entertainment Co. (NYSE:SPHR), which he called 'amazing'.
Cramer cited Guggenheim analyst Curry Baker, who on September 2 maintained a Buy rating on SPHR with a price target of $208, up from the previous target of $193.
However, Cramer was less enthusiastic about Honeywell Aerospace Inc. (NASDAQ:HONA), saying he had 'nothing good to say' about it. He criticized CEO Phil LeBeau for allegedly downplaying problems at the company.
Cramer also weighed in on AppLovin Corporation (NASDAQ:APP), recommending that viewers sell half of their holdings now and hold onto the other half in hopes of a bounce.