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

Jul. 06, 2018 7:09 AM ETSHAK, JKHY, KHC, KMI, ENB, MMP, FDX, BB, MPC13 Comments1 Like

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 (SHAK): It finally has a realistic valuation.

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

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

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

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

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

Bearish Call

Kinder Morgan (KMI): "KMI is making a move. There’s no denying that. I like Enbridge (ENB), but even more than that, I like Magellan Midstream (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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This article was written by

Mohit is the former Managing Editor for the Breaking News (India team) at Seeking Alpha. Currently working with Benzinga, he was with Seeking Alpha from January 2010 until August 2020. Before joining Seeking Alpha in January 2010, he worked with a start-up equity research firm in the capacity of a Team Leader tracking US company events and results.Born in the U.A.E, he spent most of my growing up years in Dubai. Currently, he resides in Mumbai, India.
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