Sunday, June 26, 2022
HomeBusinessLoews Company is a ‘hidden gem’ within the tough, Jim Cramer says

Loews Company is a ‘hidden gem’ within the tough, Jim Cramer says


Loews Corporation is a inventory traders must be watching even when analysts aren’t, CNBC’s Jim Cramer stated Wednesday.

“Loews Company could not get any love from the analyst neighborhood, however I believe it is a hidden gem that ought to work completely in an more and more powerful market,” the “Mad Money” host stated. 

“The truth that it is managed to fly underneath the radar merely signifies that you are getting an opportunity to purchase it for lower than it must be value,” he stated.

Loews inventory rose 0.09% on Wednesday to $63.36, nonetheless beneath its 52-week excessive of $66.00.

Cramer highlighted the company’s 4 subsidiaries and what he likes about every one.

  • CNA Financial: “CNA Monetary is the inspiration of Loews — it is like a money machine that continually throws off cash,” he stated.
  • Boardwalk Pipelines: Cramer stated that the U.S’ scarcity of pure fuel pipelines, together with the situation of Boardwalk’s pipelines, that are across the Gulf Coast, are big pluses for Loews. 
  • Loews Lodges: “This enterprise has had a troublesome time over the previous two years — they have been in bear market — however I believe that is going to alter. … Individuals have been cooped up for too lengthy. They need to take actual holidays once more,” Cramer stated.
  • Altium Packaging: “I believe they have a stable long-term story. … I guess it is obtained a shiny future,” he stated.

Cramer additionally stated that Loews’ actions make it clear the corporate believes that its inventory is undervalued, which makes it an much more enticing purchase.

Loews purchased again 21.1 million shares of the corporate’s widespread inventory in 2021 totaling $1.1 billion, in accordance with its letter to shareholders for that very same 12 months.

Sign up now for the CNBC Investing Membership to observe Jim Cramer’s each transfer available in the market.

Disclaimer

Questions for Cramer?
Name Cramer: 1-800-743-CNBC

Wish to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, feedback, recommendations for the “Mad Cash” web site? [email protected]





Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments