Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus

3. FMC Corporation (NYSE:FMC)

Number of Hedge Fund Holders: 48

A caller asked if FMC Corporation (NYSE:FMC) is a buy and Cramer replied:

“I was very depressed by FMC… They, they came out and they were like, I mean they dropped the ball. It’s very rare to see a fumble like, that was so bad… It was like a pick-six against them. I want you to stay away from FMC. They have a lot to prove. That was a terrible quarter.”

FMC Corporation (NYSE:FMC) is a company focused on agricultural sciences, providing products for crop protection, plant health, and pest control to enhance crop productivity and quality, along with pest management solutions for non-agricultural industries. During an episode of Squawk on the Street in February, Cramer remarked:

“There’s a company called FMC. And that’s an agricultural company. It’s an old food machinery company, it’s based in Philadelphia. And the stock is down 35% today because they have inventory problems. Too much of the crop chemicals used for . . . corn, potatoes, and sorghum. I just remind that there certain industries that are in this economy that are seemed to just, I don’t know we have to stay close to ag. That’s a very very bad number. And I’m kind of shocked because it’s a pretty reliable company. But the ag business maybe not as great as we think judging from the fact that they have a lot of insecticides, herbicides. So, stay close to ag.”