Jim Cramer - Mad Money
Ferguson
FERG-N
BUY ON WEAKNESS
Aug 12, 2024
Will benefit from lower interest rates, and it's done better since moving from the London Stock Exchange to Wall Street. It has doubled since October 2022. Recently, it's come down for no reason, so now is a buying opportunity. They deal in building products (heating, ventilation, plumbing).
A major distributor of North American plumbing, heating and infrastructure products. Since June 2022, shares have more than doubled. Since reporting a miss last months, shares slid, but have since recovered to make new 52-week highs. Up 16% this year.
Will benefit from lower interest rates, and it's done better since moving from the London Stock Exchange to Wall Street. It has doubled since October 2022. Recently, it's come down for no reason, so now is a buying opportunity. They deal in building products (heating, ventilation, plumbing).