Cramer says activist interest in Johnson Controls is 'a gimme,' but worries about a steel stock

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CNBC's Jim Cramer on Monday reacted to news that Elliott Management built a stake in Johnson Controls and the latest Wall Street research.

Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. Shares rose about 3%. "A gimme," Jim Cramer said. "The stock is up 22% , but it has lagged Trane . It has lagged Carrier . This company can do a lot of if they work with Elliott.

Steel and hold ratings on Nucor and Steel Dynamics . "That worries me." Cramer said. "That worries me because this is the second time I've felt shaky about Nucor because they may not have the right steel grades for this moment." JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion. Shares were slightly lower in the session. "I think people anticipated it. They got what they wanted.

Source: Loan Digest (loandigest.net)

Investingclubsample Breaking News: Markets Markets Investment Strategy Jim Cramer Stock Takes Morningmeetingrapid US STEEL DRN Trane Technologies PLC Trane Technologies PLC Steel Dynamics Inc Micron Technology Inc Norwegian Cruise Line Holdings Ltd JPMORGAN DRN Nucor Corp Cleveland-Cliffs Inc Johnson Controls International PLC Carrier Global Corp Business News

 

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