Jim Cramer discusses Teradyne, Boeing, Applied Aerospace & Defense and Energy Transfer

  • Jim Cramer assessed Teradyne, Boeing, Applied Aerospace & Defense and Energy Transfer LP.
  • Boeing reported a 76-cent adjusted loss and $24.56 billion in second-quarter revenue.
  • Teradyne fell 1.5%, Boeing declined 1% and Applied Aerospace & Defense dropped 0.8% Monday.

Mad Money host Jim Cramer assessed four stocks during the program’s rapid-fire caller segment. He said Teradyne had cooled off but operated a highly resilient business, while Baird analyst Quinn Fredrickson downgraded the stock to Neutral and kept a $420 price target. Cramer said Boeing tends to fall when crude oil rises and advised staying on the sidelines until the shares break $200. Boeing reported a second-quarter adjusted loss of 76 cents per share, wider than expected, despite revenue rising 8% to $24.56 billion. Cramer said Applied Aerospace & Defense is losing money after the company reported a second-quarter loss of $1.04 per share. Energy Transfer LP remained attractive to him because of its 6% dividend, although he preferred buying and waiting for a downturn.

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