Jim Cramer: 'Boring companies' present easy ways to make money
We spend a lot of time focused on exciting companies … but you know what it's often easier to make good money from boring companies like Carrier," the "Mad Money" host said. Subscribe to CNBC Pro to access the full episode of Mad Money: https://cnb.cx/2TKF9GZ
CNBC’s Jim Cramer on Thursday recommended the stock of Carrier, telling investors that industries like climate control offer lots of value, though they get little attention.
Carrier is a heating, ventilation and air conditioning firm that was spun off from United Technologies more than a year ago.
The stock rallied almost 5% to $53.94 on Thursday after posting a beat on earnings revenue in the second quarter.
“We spend a lot of time focused on exciting companies … but you know what it’s often easier to make good money from boring companies like Carrier,” the “Mad Money” host said.
“Heating, ventilation and air conditioning is one of the most boring businesses on earth, so this was a great reminder that you can still make a lot of money by being boring.”
Cramer contrasted Carrier from the much-hyped stock trading app Robinhood that came public earlier in the day to great fanfare, though the stock failed to gain traction.
Shares of Robinhood, the millennial-preferred broker, fell more than 8% in its debut session. After pricing at $38 in the public offering, the stock closed under $35, giving the company a $29 billion valuation.
Carrier, which came public under the radar in March 2020 at the start of the pandemic, has more than quadrupled in value as of Thursday.
“The most exciting thing that happened at Carrier this year is that they helped provide refrigeration for vaccines, and that’s fine by me. Unlike Robinhood, Carrier is deliciously not sexy,” Cramer said.
“I think companies like Carrier represent what you should be thinking about. They represent incredible value, especially now that it looks like Congress is about to agree on a trillion dollar infrastructure bill at a time when we’ve already got 6% GDP growth,” he said.
“Same goes for similarly cheap cyclicals. You need a Nucor in your portfolio, that’s the best of breed steelmaker.”
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Видео Jim Cramer: 'Boring companies' present easy ways to make money канала CNBC Television
CNBC’s Jim Cramer on Thursday recommended the stock of Carrier, telling investors that industries like climate control offer lots of value, though they get little attention.
Carrier is a heating, ventilation and air conditioning firm that was spun off from United Technologies more than a year ago.
The stock rallied almost 5% to $53.94 on Thursday after posting a beat on earnings revenue in the second quarter.
“We spend a lot of time focused on exciting companies … but you know what it’s often easier to make good money from boring companies like Carrier,” the “Mad Money” host said.
“Heating, ventilation and air conditioning is one of the most boring businesses on earth, so this was a great reminder that you can still make a lot of money by being boring.”
Cramer contrasted Carrier from the much-hyped stock trading app Robinhood that came public earlier in the day to great fanfare, though the stock failed to gain traction.
Shares of Robinhood, the millennial-preferred broker, fell more than 8% in its debut session. After pricing at $38 in the public offering, the stock closed under $35, giving the company a $29 billion valuation.
Carrier, which came public under the radar in March 2020 at the start of the pandemic, has more than quadrupled in value as of Thursday.
“The most exciting thing that happened at Carrier this year is that they helped provide refrigeration for vaccines, and that’s fine by me. Unlike Robinhood, Carrier is deliciously not sexy,” Cramer said.
“I think companies like Carrier represent what you should be thinking about. They represent incredible value, especially now that it looks like Congress is about to agree on a trillion dollar infrastructure bill at a time when we’ve already got 6% GDP growth,” he said.
“Same goes for similarly cheap cyclicals. You need a Nucor in your portfolio, that’s the best of breed steelmaker.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
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Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
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Видео Jim Cramer: 'Boring companies' present easy ways to make money канала CNBC Television
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