Kraft Heinz Is Heading Towards $70 - Cramer's Lightning Round (7/5/18)

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Includes: BB, ENB, FDX, JKHY, KHC, KMI, MMP, MPC, SHAK
by: SA Editor Mohit Manghnani

Summary

FedEx deserves a better valuation.

Shake Shack is fairly valued.

Marathon Petroleum is pulling back.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday, July 5.

Bullish Calls

Shake Shack (NYSE:SHAK): It finally has a realistic valuation.

Jack Henry & Associates (NASDAQ:JKHY): It's a fabulous service company.

The Kraft Heinz Company (NASDAQ:KHC): The stock can head to $70.

FedEx (NYSE:FDX): This stock shouldn't be down. Buy it.

BlackBerry (NYSE:BB): The company has intellectual property and cash.

Marathon Petroleum Corp. (NYSE:MPC): It has pulled back, and Cramer thinks it's a buy.

Bearish Call

Kinder Morgan (NYSE:KMI): "KMI is making a move. There’s no denying that. I like Enbridge (NYSE:ENB), but even more than that, I like Magellan Midstream (NYSE:MMP) because they need those pipelines. But KMI is making a move. I’m not in denial. I see it happening."

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