Jim Cramer Calls Industrial Stock ‘Pure Spec,' Forgent Power A ‘Really Really Good’ Company

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Archer Aviation Inc. (NYSE:ACHR) is a “pure spec.”

On Oct. 29, the company signed a partnership with ITA Airways, a Lufthansa Group airline, to build a network of electric air taxis in Italy.

Cramer said JFrog (NASDAQ:FROG) is a “very good company, but it’s a high price-to-earnings multiple stock. Even though interest rates were down this week, I think that was more when I would want to take profits than I would want to buy.”

Truist Securities analyst Miller Jump maintained JFrog with a Buy and raised the price target from $110 to $115.

Forgent Power Solutions, Inc. (NYSE:FPS) is a “really really good company, and it’s come down a great deal,” Cramer said.

Forgent Power Solutions said it will report financial results for its fiscal first quarter, before the opening bell on Nov. 12.

“All right, this stock has come down to a 17 multiple,” Cramer said when asked about Tractor Supply Company (NASDAQ:TSCO). “I think that may be time. It seems like it’s basing to me. I know those are dangerous words, but I think it’s basing, and it’s still a very good concept.”

On the earnings front, Tractor Supply reported better-than-expected third-quarter financial results on Oct. 22 and reaffirmed its FY2026 adjusted earnings guidance.

Price Action

• JFrog shares dipped 4.5% to settle at $94.39 on Friday.
• Archer shares fell 4.1% to close at $4.20.
• Forgent Power shares declined 9% to settle at $25.81.
• Tractor Supply shares gained 0.9% to close at $33.94.

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