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On CNBC's “Mad Money Lightning Round,” Jim Cramer said Hewlett Packard Enterprise Company (NYSE:HPE) is a “very inexpensive stock, and I am inclined down here at $17 to be as positive as you are.”
Hewlett Packard Enterprise CEO Antonio Neri recently defended the company's decision to continue its $4 billion lawsuit against the estate of Mike Lynch, following the tech magnate's recent death.
Cramer also likes Microsoft Corporation (NASDAQ:MSFT). The Redmond, Washington-based tech giant announced a new share repurchase program worth up to $60 billion.
Microsoft also declared a quarterly dividend of 83 cents per share, marking a 10% increase from the previous quarter.
NextEra Energy, Inc. (NYSE:NEE) is a “red hot stock, but the cohort's red hot. I don't think it's done, I think it can go higher.”
On Sept. 3, Wells Fargo analyst Neil Kalton maintained NextEra Energy with an Overweight rating and raised the price target from $95 to $102.
Cramer said Alight, Inc. (NYSE:ALIT) has not been able to make money so far. “I want to see that company actually make money before I opine on it,” he added.
On Aug. 26, Alight named Dave Guilmette as Chief Executive Officer and reiterated its 2024 second half business outlook.
Herbalife Ltd. (NYSE:HLF) has no growth and he doesn't want to touch it. “Too controversial, too crazy. Let's move on,” he added.
On July 31, Herbalife reported worse-than-expected second-quarter revenue results and lowered its FY24 revenue growth below estimates.
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