Jim Cramer 'Can Bless' General Dynamics: 'It's Great, Not Expensive'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Constellation Energy Corporation CEG is “under heavy pressure. There's a big rotation going on, and the rotation hasn't lasted long enough. I think it's going to go for a couple more days.”

The company is reportedly in talks with Pennsylvania officials to fund a potential restart of part of its Three Mile Island power facility, the site of a 1970s nuclear meltdown.

“There are people in the Pentagon who think that maybe they're charging too much money. Now, they are few and far between, and I think that this is the best bang for your buck, so to speak. But I can tell you that that's the weakness, ” Cramer said when asked about AeroVironment, Inc. AVAV. “I like it, though.”

On June 26, AeroVironment reported its fourth-quarter financial results and issued guidance below estimates. The company reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 21 cents per share.

General Dynamics Corporation GD is a “great” company, the Mad Money host said. “I can bless that, because it's not an expensive stock.”

General Dynamics will release its second-quarter earnings results on Wednesday, July 24. Analysts expect the company to report quarterly earnings at $3.27 per share, up from $2.7 per share in the year-ago period. General Dynamics projects to report revenue of $11.43 billion for the recent quarter, compared to $10.15 billion a year ago.

When asked about Forward Air Corporation FWRD, he said, “The times are a-changing. You might get forward to go to 28.”

On July 3, Forward Air named Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer.

Price Action:

• AeroVironment shares fell 2.1% to settle at $165.93 on Wednesday.
• Forward Air shares fell 0.9% to close at $24.97 on Wednesday.
• General Dynamics shares gained 0.1% to settle at $291.99 during Wednesday's session.
• Constellation Energy shares dipped 8.9% to close at $186.67 on Wednesday.

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