Linde gains as Cramer highlights industrial stock amid broader market rally

Traders Union
All News
Financial News
Linde gains as Cramer highlights

Highlights

Linde rises over 2% on Thursday after Jim Cramer highlights its exposure to AI and green energy as secular growth drivers.
Honeywell Aerospace surges more than 4% following BMO's initiation with a buy rating and $276 price target, fueled by strong travel demand.
Dow hits a fresh intraday record as weaker June U.S. non-farm payrolls report bolsters expectations for Federal Reserve rate cuts and ongoing market rally.

Market moves and stock picks

As reported by CNBC Investing Club, the Dow reaches a fresh intraday record on Thursday while investors assess a softer U.S. non-farm payrolls report for June that signals a notable cooling in job creation. The S&P 500 also trades higher, while the Nasdaq falls as chip stocks remain under pressure.

Cramer says the weaker labor data supports the case for future rate cuts and removes the prospect of a rate hike from the near-term market outlook. He argues that lower rates are important for economic growth and for supporting gains in holdings such as Home Depot, adding that the broader rally is likely to continue as rate hike expectations fade.

Honeywell Aerospace rises more than 4% after BMO starts coverage on the recently spun-off company with a buy rating and a $276 price target. Cramer says he is willing to buy more shares at around $233, describing the aviation technology company as a relatively inexpensive way to gain exposure to strong travel demand.

Why Linde stands out

Cramer also directs attention to Linde, which climbs more than 2% on Thursday, and describes it as the type of industrial stock investors should want to own. He says the industrial gases group belongs to a set of quieter industrial companies that continue to advance even though the sector is not a market favorite.

His case for Linde rests on its status as a secular grower, meaning its business benefits from long-term themes rather than short-term economic swings. He points specifically to demand linked to the AI buildout and green energy, suggesting those trends continue to support the company beyond the current market cycle.

Other stocks mentioned in the session's rapid-fire segment include Chevron and Palantir. The text also notes Jim Cramer's Charitable Trust holds positions in HONA, HON, HD and LIN.

Our earlier coverage of the June U.S. jobs report explained how a weaker-than-expected payrolls figure pushed stock futures higher and sent the 2-year Treasury yield lower as investors leaned further into the prospect of Fed rate cuts. We also highlighted how the same macro shift coincided with a wave of analyst actions, including a Palantir upgrade and fresh bullish calls on Honeywell Aerospace, alongside continued investor focus on AI-related positioning.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.