Jim Cramer Recently Talked About These 15 Stocks

6. Northrop Grumman Corporation (NYSE:NOC)

Number of Hedge Fund Holders: 54

Coming to Northrop Grumman Corporation (NYSE:NOC), Cramer remarked:

“Finally, there’s Northrop Grumman, which was the dud of the day, reporting a severe top and bottom line miss for the first quarter, and cutting its full year earnings forecast pretty substantially. Now there’s some important context here. Both the miss and the forecast cut were related to Northrop Grumman’s next-generation B-21 bomber program. They’re taking a hit on the higher cost as they try to ramp up production.

That said, even if you add that back, the impact from the B-21 charge, Northrop Grumman still would’ve missed the sales and earnings estimate. It just would’ve been a smaller disappointment. These Northrop Grumman results simply weren’t up to snuff, so the stock had its worst day since 2008 today, falling $67 or nearly 13%. This one’s now in the penalty box.”

Northrop Grumman (NYSE:NOC) creates advanced aerospace and defense technologies. Its products and services cover areas like aircraft systems, missile defense, tactical weapons, surveillance, command and control systems, satellites, and launch vehicles.