Jim Cramer Recommends Buying Clorox: 'CEO Has Done Remarkable Job'

Jim Cramer recommended buying The Clorox Company CLX on the latest edition of CNBC's “Mad Money Lightning Round.”

“[Clorox CEO] Linda Rendle has done a remarkable job, let's understand that. She did not get a good hand,” Cramer said. “She was not delivered a good hand.”

On Aug. 1, Clorox reported quarterly earnings of $1.82 per share which beat the analyst consensus estimate of $1.56. Quarterly sales clocked in at $1.903 billion, missing the analyst consensus estimate by 2.46%.

See Also: Linda Rendle’s Estimated Net Worth

When asked about GLOBALFOUNDRIES Inc. GFS, he said, “I don't like the foundry business as much. It turns out that the only people who really know how to make them cheaply is Taiwan Semi. So if you want to own a foundry, Taiwan Semi TSM is the one to do it.”

On Aug. 6, GlobalFoundries reported a fiscal second-quarter 2024 revenue decline of 12% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.62 billion.

SentinelOne, Inc. S is “picking up some business, so therefore I'm going to tell you that I actually support it for, only for a trade,” Cramer said.

SentinelOne will release financial results for its fiscal second quarter 2025, after the closing bell on Tuesday, Aug. 27.

The “Mad Money” host said he is not recommending any airlines, when asked about Delta Air Lines, Inc. DAL.

Delta Air, last week, disclosed that it expects the latest operational disruptions resulting from the outage incident to have a direct revenue impact of $380 million for the September quarter due to flight cancellations and customer compensation in cash and SkyMiles.

Cramer said Alphabet Inc. GOOG GOOGL is his “least favorite of the Mag Seven,” as they don't run the company well.

Alphabet shares closed lower on Wednesday following a report suggesting a bid to break up Google is one of the options being considered by the Justice Department.

When asked about Ferrari N.V. RACE, he said, “Take out your cost basis and let the rest run.”

On Aug. 1, Ferrari reported earnings of $2.47 per share on quarterly revenue of $1.84 billion, beating estimates on both the top and bottom line.

Price Action:

• GLOBALFOUNDRIES shares fell 2.9% to settle at $43.56 on Wednesday.
• Sentinel shares rose 2% to close at $22.79.
• Clorox shares gained 1.5% to settle at $144.52 on Wednesday.
• Delta shares fell 2.1% to close at $38.69.
• Alphabet shares fell 2.3% to close at $160.37 on Wednesday.
• Ferrari shares gained 4.9% to settle at $452.90 on Wednesday.

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