Jim Cramer Says Buy Casey's General Stores, But 'Take Profits In Wendy's'

On CNBC’s “ Mad Money Lightning Round,” Jim Cramer recommended buying Casey’s General Stores (NASDAQ: CASY ), saying “buy 10 shares every three weeks.” Lending support to his choice, BMO Capital analyst Kelly Bania upgraded Casey’s from Market Perform to Outperform on June 29.

When asked about Skyworks Solutions (NASDAQ: SWKS ), he said, “I know they have that CEO, he’s trying to turn it around.

Someone has to buy them, and I don’t know, you’ve got a 4.75% yield while you wait for someone to buy them, that’s all I can tell you.” On June 23, RBC Capital analyst Srini Pajjuri maintained Skyworks at Sector Perform and raised the price target from $72 to $80. “I wouldn’t mind owning some myself for the Charitable Trust,” Cramer said when asked about Forgent Power Solutions, Inc. (NYSE: FPS ). “I think that in the end, I want earnings momentum.

I don’t want to takeover momentum,” Cramer said when asked about The Wendy’s Company (NASDAQ: WEN ). “I think you should take profits in Wendy’s if you did buy it during that meme strength.” As per the recent news, Wendy’s, on June 23, named Steve Cirulis as CFO and chief strategy officer, succeeding Ken Cook.

Price Action: Casey’s shares fell 0.6% to settle at $801.99 on Tuesday.

Skyworks shares declined 3.5% to close at $59.76.

Wendy’s shares slipped 1.5% to settle at $7.78 on Tuesday.

Forgent Power Solutions shares fell 6% to close at $44.67.

Photo: s_bukley from Shutterstock