On CNBC's “Mad Money Lightning Round,” Jim Cramer said he is worried about Brighthouse Financial, Inc. (NYSE:BHF) and prefers Chubb Limited (NYSE:CB) over the former.
Supporting his view, Morgan Stanley analyst Nigel Dally maintained a Brighthouse Financial rating of Underweight on July 14, lowering the price target from $45 to $42.
“I like affinity social networks,” Cramer said when asked about Grindr Inc. (NYSE:GRND). “This was losing a lot of money, it's expected to make a lot of money next year, so I think it's a very good level to buy Grindr.”
Lending support to his choice, JMP Securities analyst Andrew Boone maintained a Market Outperform rating for Grindr on June 24 and raised the price target from $24 to $27.
Cramer said that Hecla Mining Company (NYSE:HL) is not a high-quality mine.
On the earnings front, Hecla Mining plans to release its second-quarter operational and financial results after the closing bell on Aug. 6. Analysts expect the company to report quarterly earnings of 5 cents per share, up from 2 cents per share in the year-ago period. The company projects revenue of $257.68 million, compared to $245.66 million in the same period last year.
When asked about Universal Technical Institute, Inc. (NYSE:UTI), he said, “I think that technical schools are the way of the future.”
Universal Technical Institute will hold a conference call on Wednesday, Aug. 6, to discuss its financial and operational results for the fiscal third quarter.
Price Action:
- Brighthouse Financial shares fell 3% to settle at $48.69 on Monday.
- Hecla Mining shares fell 2.6% to close at $5.98.
- Universal Technical Institute shares fell 1.3% to settle at $31.14 on Monday.
- Grindr shares fell 2.4% to close at $17.85.
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