This defensive consumer stock is a buy, Archer-Daniels-Midland is a ‘value trap’

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said NANO Nuclear Energy Inc. (NASDAQ:NNE) is losing “a lot of money.”

On October 1, NANO Nuclear Energy said Carlos O. Maidana he was named head of the thermohydraulic company and the space program.

Cramer recommended buying McKesson Corporation (NYSE:MKC). “I’m ready to start buying, don’t buy all at once.”

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On September 25, Deutsche Bank analyst George Hill maintained McKesson with a Buy and lowered his price target from $623 to $579.

Diamondback Energy, Inc. (NASDAQ: FANG ) is “a little too much oil for me,” Cramer said.

On Oct. 1, Wells Fargo analyst Roger Read maintained Diamondback Energy with an overweight rating and lowered his price target from $230 to $219.

“It has a huge multiple for the growth rate and that is worrying for me. I’ll have to say we have to come back with something that’s less expensive,” Cramer said when asked about Littelfuse (NASDAQ:LFUS).

On August 29, Baird analyst Luke Junk maintained Littelfuse with an Outperform and raised his price target from $300 to $315.

Archer-Daniels-Midland Company (NYSE:ADM) is a “value trap,” Cramer said.

On September 9, UBS analyst Manav Gupta maintained Archer-Daniels Midland at neutral and raised his price target to $64 from $60.

Price action:

• Shares of NANO Nuclear Energy gained 14.8% to $16.54 on Tuesday.

• Shares of McKesson gained 0.8% to close at $498.48 during the session.

• Diamondback shares gained 3% to close at $177.52 during Tuesday’s session.

• Shares of Littelfuse traded down 1.7% to $260.64 on Tuesday.

• Shares of Archer-Daniels-Midland fell 0.4 percent to close at $59.52 on Tuesday.

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This article Jim Cramer: This defensive consumer stock is a buy, Archer-Daniels-Midland is a ‘value trap’ originally appeared on Benzinga.com

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