Squawk on the Street Cramer's Morning Take: Qnity 11/6/25
Nov 6, 2025
Jim Cramer advises investors to hold off on buying a stock until its earnings report is released. The discussion highlights DuPont's impressive financial results, including strong sales and earnings. They also reveal details about DuPont's aggressive $2 billion buyback strategy. Despite these positive indicators, there's a cautionary note about jumping into DuPont shares after a recent surge. The hosts encourage listeners to consider joining an exclusive investing community for deeper insights.
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DuPont Beat Despite Structural Changes
- DuPont's results beat guidance across net sales, EBITDA, and EPS after adjusting for the CUNITY spin and Kevlar divestiture.
- The company raised EBITDA guidance while slightly lowering sales due to currency, signaling underlying strength.
Market Re-Rating After Corporate Restructuring
- Analysts may have mispriced DuPont by not fully accounting for the CUNITY spin and the upcoming Aramid (Kevlar) divestiture.
- The market is re-rating DuPont higher as the separation and stronger segment performance become clearer.
Wait For DuPont's Buyback Execution
- Wait until the end of the trading day before buying DuPont because the company will start an aggressive ASR buyback.
- Expect Goldman Sachs to execute a $500 million ASR as part of a $2 billion buyback that begins tomorrow.