Mobileye NV (NYSE:MBLY) and The Wendy’s Co (NASDAQ:WEN) are stocks to watch, CNBC’s Jim Cramer said in a discussion in a segment of “Stop Trading”.
According to Cramer, Mobileye NV (NYSE:MBLY) is all about collision avoidance systems. It is a company based in Israel, the host added, which has the potential to break out.
Cramer, describing Mobileye NV (NYSE:MBLY) as “a powerful company,” said that he would love if Harman International Industries Inc./DE/ (NYSE:HAR) will get together with Mobileye. He said that Harman is his favorite in terms of high-end intellectual property.
The CNBC host added that investors should not sell Mobileye NV (NYSE:MBLY) because he thinks “it goes higher.”
As for The Wendy’s Co (NASDAQ:WEN), Cramer asked how the firm did with Tim Hortons Inc. (USA) (NYSE:THI) when it is still owned the firm? The comment comes as Tim Hortons Inc. (USA) (NYSE:THI) explores a merger with Burger King Worldwide Inc (NYSE:BKW).
The Tim Hortons Inc. (USA) (NYSE:THI) and Burger King Worldwide Inc (NYSE:BKW) deal is now already garnering criticism from people like Ohio Sen. Sherrod Brown who suggested people should instead go to The Wendy’s Co (NASDAQ:WEN) or White Castle System, Inc. stores to buy food.
It seems that Cramer is also not a fan of the possible merger between Burger King Worldwide Inc and Tim Hortons Inc. He said that if these two companies get together, all people would have would be fat food, fat donuts, and fat burgers.
The Wendy’s Co (NASDAQ:WEN) shareholders includes Nelson Peltz’s Trian Partners. The hedge fund reported about 64.8 million shares in the fast food chain by the end of the second quarter of the year.