Jim Cramer’s Bold Predictions About These 10 Industrial Stocks

3. L3Harris Technologies, Inc. (NYSE:LHX)

Number of Hedge Fund Holders In Q3 2024: 40

Date of Cramer’s Comments: 8-22-24

Performance Since Then: 8.15%

L3Harris Technologies, Inc. (NYSE:LHX) is a defense contractor that makes and sells items such as sensors, satellite terminals, range finders, and other equipment. While the firm has maintained robust financial performance in 2024, as evident by its Q3 earnings that saw $5.3 billion in revenue beat consensus estimates of $5.28 billion, L3Harris Technologies, Inc. (NYSE:LHX), like other defense stocks, has struggled in the year’s tail end. Its shares sank by 5% in mid-November after investors worried about the incoming Trump administration’s plan to streamline defense procurement and spending. Here’s what Cramer said about L3Harris Technologies, Inc. (NYSE:LHX) in August:

“L3 Harris remains strong due to its combination of high-tech and defense, two robust long-term trends. The previous CEO was someone I knew, and while I don’t know the current CEO personally, the company is still solid.”