Stockchase Opinions

Jim Cramer - Mad MoneyParker Hannifin CorpPHBUYMar 08, 2023

 They're now going green, all about clean energy, like making the world's smallest e-tractor, wind turbines and solar panels. They help companies comply with environmental regulations.

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Stock price when the opinion was issued

machinery
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PAST TOP PICK
(A Top Pick Dec 29/23, Up 38%)

He sold it in the summer. He likes the aero-space part and is interested in other companies in this field.

DON'T BUY

Solid industrial. Likes its fundamentals and projected earnings, but the chart shows how well it's done. When things rise in price, they tend to drop in value. Normally trades at slight discount to market, now at a premium. Going to have to do really well to live up to its valuation. He owns RTX.

TOP PICK

Expanding into aerospace, a high-growth industry. Picks and shovels technology. Grow organically and by acquisition. Moved toward long-cycle agreements. He likes companies that aren't exciting, but where there's a lot of money to be made. Yield is 1.3%.

(Analysts’ price target is $486.68)
TOP PICK

Recent selloff creating buying opportunity. Excellent management team. Industrial components in high demand. Historically, linked to performance of economy, but appears to be performing very well. If a "soft landing", will create further opportunities. "Re-shoring" in America also creating strength in business. 

BUY

A premier industrial company that no one talks about. It hit a 52-week high today, but it can go higher.

BUY

Industrials have not performed, but it's the best of the lot. Stay long if you own it. If it falls during the debt-ceiling talks, then buy more.

BUY ON WEAKNESS
Nice correction back to EBV 5 at $269.80. If we got back to that level, he'd be a buyer. If the S&P rallies, so will this. Model price of $297.22, only 4% upside. Highest quality industrial out there.
WAIT
A great company that he has owned before. A candidate to buy-hold- and forget about it. The problem is that, in the short term, it is highly correlated to the Purchasing Manufacturing Index (PMI). You need to call the bottom of the economic cycle to time the proper entry. A recent acquisition has increased their exposure to commercial aerospace. He is watching it to see how it performs. Stay on the sidelines.
BUY ON WEAKNESS

It depends on time horizon and risk tolerance. This is one of the champs on generating return on investment for a very long time. If you use pullbacks to get a position, get advice on how to time your entry and how to build a position. It is an appropriate time to be buying some.

TOP PICK

(Mar 27/17 Up 20%) They decided to exit this position. He feels they have good prospects, but it is not one of his favorites.

PAST TOP PICK

(A Top Pick March 27/17. Up 20%.) Mostly hydraulics, but also pneumatics, and a very necessary part of the industrial economy. A relatively oligopolistic global business.

COMMENT

Take some profits?A producer of pneumatic and hydraulic fittings. They compete with other global players. With the recent turnaround in construction equipment and the continued strong performance of the semiconductor industry, he thinks this continues to be well positioned.

PAST TOP PICK

(A Top Pick March 27/17. Up 2.09%.) One of the world’s largest producers of hydraulic and pneumatic systems and fittings. Very heavily involved with all aspects of capital goods. If looking for something to Buy, Hold and forget about, this is definitely one to be looking at. Dividend yield of 1.7%.

WEAK BUY

It is probably poised to do well with the industrials as a whole. It is not a bad buy for the long term.