Jim Cramer: Veralto Is ‘Well-Run,' Likes This Utilities Stock - GE Vernova (NYSE:GEV)

On CNBC's 'Mad Money Lightning Round,' Jim Cramer expressed his positive view on GE Vernova Inc. (GEV), highlighting its potential in the environmental sector. Jefferies recently initiated coverage on GEV with a Buy rating and set a price target of $261, indicating optimism about the stock's future performance. In contrast, Cramer noted that Veralto Corporation (VLTO) is a well-managed company but questioned its ability to grow further without acquisitions or significant earnings acceleration, which he does not foresee happening soon. Cramer also discussed Eastman Chemical Company (EMN), suggesting it is a strong player in the plastics market due to its 3% yield. He mentioned that Eastman recently appointed Iké Adeyemi as Chief Legal Officer, which may influence its corporate governance positively. Additionally, he commented on Lam Research (LRCX), stating that its stock has declined too much and advised a cautious buying approach. On August 29, Lam Research announced an increase in its quarterly dividend from $2.00 to $2.30 per share, reflecting its commitment to returning value to shareholders despite recent stock price declines. Meanwhile, Eastman Chemical's stock fell by 0.9% to $97.17, while GEV shares experienced a slight drop of 0.1% to $198.33. Overall, Cramer's insights reflect a cautious yet optimistic outlook on certain stocks, emphasizing the importance of strategic acquisitions and earnings growth in driving future performance. Investors are advised to monitor these developments closely as they could impact stock valuations significantly.