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

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

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Jim Cramer recommended buying The Clorox Company (NYSE: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%.

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When asked about GLOBALFOUNDRIES Inc. (NASDAQ: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 (NYSE:TSM)

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. (NYSE: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.

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The "Mad Money" host said he is not recommending any airlines, when asked about Delta Air Lines, Inc. (NYSE: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. (NASDAQ:GOOG)(NASDAQ: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. (NYSE: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.

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