Jim Cramer on Northrop Grumman: “It’s a Little Above the Market Multiple”

Group 1 - Northrop Grumman Corporation (NYSE:NOC) is currently viewed as a "weak hold" by Jim Cramer due to its high valuation and recent performance, suggesting some profit-taking may be prudent [1] - The company reported significant misses in both top and bottom lines for the first quarter, leading to a substantial cut in its full-year earnings forecast, primarily attributed to challenges with the B-21 bomber program [1] - Following the disappointing results, Northrop Grumman's stock experienced its worst day since 2008, dropping $67 or nearly 13%, but has since recovered, gaining over 25% [1] Group 2 - The potential of Northrop Grumman as an investment is acknowledged, but there are AI stocks that are believed to offer greater upside potential and less downside risk [2]