On CNBC's “Mad Money Lightning Round,” Jim Cramer said no to Advance Auto Parts, Inc. (NYSE:AAP) and said yes to AutoZone, Inc. (NYSE:AZO).
According to recent news, Advance Auto Parts announced on Monday the pricing of upsized $1.95 billion in aggregate senior notes due 2030 and 2033.
Cramer said he is going to take a pass on Toyota Motor Corporation (NYSE:TM) because it just “went up so much.”
Toyota Motor North America, on July 1, reported June U.S. sales of 193,248 vehicles. That’s an increase of 0.1% on a volume basis and up 8.4% on a daily selling rate basis compared to the year-ago month.
The Mad Money host said he will be a buyer of UGI Corporation (NYSE:UGI), most certainly.
On the earnings front, UGI Corporation will hold a fiscal third quarter earnings conference call on Thursday, Aug. 7.
Cramer said he doesn't want Fortinet, Inc. (NASDAQ:FTNT).
On Monday, Rosenblatt analyst Catharine Trebnick maintained Fortinet with a Buy and maintained a $125 price target, while Wells Fargo analyst Andrew Nowinski maintained the stock with an Equal-Weight rating and raised the price target from $95 to $110.
Price Action From Tuesday:
- Fortinet shares fell 0.1% to settle at $104.77.
- Advance Auto Parts shares fell 1.32% to close at $56.74.
- AutoZone shares were up 2% to close at $3,873.85
- Toyota shares fell 1.6% to settle at $184.27.
- UGI shares rose 0.2% to close at $35.72.
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