Jim Cramer Praises Defense Contractor As 'Great Deal,' Says Buy Interactive Brokers Too

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Leidos Holdings, Inc. (NYSE:LDOS). “I am worried that the defense budget may be cut, but this is homeland security. I think it’s a good opportunity, the stock’s come down a great deal. Let’s pull the trigger,” he added.

As per the recent news, Leidos, on Wednesday, announced that it has acquired Kudu Dynamics.

Cramer recommended buying Interactive Brokers (NASDAQ:IBKR).

Supporting his view, Goldman Sachs analyst James Yaro, on May 15, maintained Interactive Brokers Group with a Buy and raised the price target from $212 to $240.

“Why don't we just buy GE Vernova (NYSE:GEV),” Cramer said when asked about NuScale Power Corporation (NYSE:SMR). “NuScale's been straight up and so has GE Vernova, but GE Vernova's got a book of business. That's what I like.”

On the earnings front, NuScale Power, on May 12, reported quarterly losses of 11 cents per share which missed the analyst consensus estimate of losses of 9 cents per share. The company reported quarterly sales of $13.38 million which beat the analyst consensus estimate of $4.26 million.

Price Action:

• Leidos shares fell 2.1% to settle at $149.36 on Wednesday.
• Interactive Brokers shares fell 0.8% to close at $210.81 during the session.
• NuScale Power shares fell 0.4% to settle at $35.37 on Wednesday.

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