On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Regal Rexnord Corporation (NYSE:RRX). “This is just kind of a basic American company that is worth so much more than it’s selling for.”
Supporting his choice, Milwaukee-based Regal Rexnord reported better-than-expected third-quarter financial results on Nov. 3.
The company manufactures electric motors, automation solutions, and electrical motion controls.
Churchill Downs (NASDAQ:CHDN) is a “very well-run gaming company,” Cramer said. “People often overlook it. It sells very inexpensive compared to the others. I know it’s had a little bit of a run here, but I think it can go higher.”
Supporting his view, Churchill Downs reported better-than-expected third-quarter earnings on Oct. 28 and announced a new $750 million share repurchase program.
When asked about Snap (NYSE:SNAP), he said, “That and $5 will get you $5.05. You know what’s a shame about Snap? I can’t really think about what’s a shame about it.”
Snap reported mixed third-quarter financial results on Nov. 4.
Cramer said he doesn’t know about Perimeter Group Inc. (NYSE:PRM). On the earnings front, Perimeter reported mixed third-quarter results on Nov. 5.
When asked about Marvell Technology (NASDAQ:MRVL), he said, “I have to tell you, at this price, at $150, I think if you want to buy 100 shares, I would buy 25, and then I would literally wait until $100 to buy 25.”
B. Riley Securities analyst Craig Ellis maintained Marvell Technology with a Buy rating on Monday and lowered the price target from $275 to $250.
Price Action
- Churchill Downs shares gained 0.9% to settle at $98.77 on Monday.
- Perimeter shares gained 7.1% to close at $31.58.
- Regal Rexnord shares gained 6.9% to close at $180.78.
- Snap shares rose 1.8% to settle at $5.05.
- Marvell Technology shares surged 9.5% to settle at $154.60.
See More: Top Value Stocks
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