NOC - Jim Cramer Advises Against AMC Stock Suggests These Two Stocks Instead: 'The Consumer's Not Going To The Movies Like They Used To' | Benzinga
In a recent episode of CNBC’s “Mad Money,” host Jim Cramer discouraged viewers from investing in AMC Entertainment Holdings Inc. (NYSE:AMC) stock, citing the company’s recent performance. Instead, he recommended two other stocks.
What Happened: Cramer, in his “Lightning Round” segment, expressed his reservations about AMC’s stock on Monday, as reported by CNBC on Monday. He suggested that the company’s stock isn’t performing well, attributing this to a decline in moviegoers.
"We don't want AMC. AMC's not doing well. We want stocks that go higher…The consumer's not going to the movies like they used to."
He advised viewers to consider investing in Northrop Grumman Corporation (NYSE:NOC) and John Bean Technologies Corporation (NYSE:JBT) instead. Cramer, who had previously been hesitant about Northrop Grumman, said he was now ready to “pull the trigger” at the current price of $438.