Jim Cramer Says This Is A 'Smart Consulting Company,' Calls Commercial Metals Company A Winner

Author: Avi Kapoor | March 01, 2024 10:29am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he can’t recommend Equinix, Inc. (NASDAQ:EQIX) as the company’s stock is just up so much. However, Cramer said he likes it "very much."

On Feb. 14, Equinix posted better-than-expected sales for its fourth quarter. The company’s board also declared a quarterly cash dividend of $4.26 per share on its common stock.

Cramer said Signet Jewelers Limited (NYSE:SIG) CEO Gina Drosos is doing a "remarkable job." He added, "You’ve got a winner there."

On Feb. 28, Signet Jewelers appointed Sandra Cochran to its board on Feb. 27.

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"There is going to be what’s known as a lock-up expiration where Softbank is going to be able to sell a lot of stock," Cramer said when asked about Arm Holdings plc (NASDAQ:ARM). "If you want to buy some right now and then wait for that lock-up to end."

On Feb. 20, Samsung Electronics announced a collaboration with Arm Holdings to deliver the next-generation Arm Cortex-X CPU using Samsung Foundry’s latest Gate-All-Around (GAA) process technology.

Commercial Metals Company (NYSE:CMC) is a "winner," he said.

Commercial Metals is expected to report second-quarter earnings on March 21, 2024. Analysts expect the company to post quarterly earnings at 80 cents per share on revenue of $1.82 billion.

The "Mad Money" host said Infosys (NYSE:INFY) is a "smart consulting company" and he likes the stock.

On Feb. 27, Infosys announced the launch of its Responsible AI Suite, a part of Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI.

When asked about Amkor (NASDAQ:AMKR), he declared, "You got a winner."

On Feb. 29, Goldman Sachs analyst Toshiya Hari initiated coverage on Amkor Tech with a Neutral rating and announced a price target of $32.

Price Action:

• Shares of Signet Jewelers fell 1.1% to close at $101.76 on Thursday.
• Equinix shares declined 0.3% to close at $888.82 on Thursday.
• Infosys shares gained 0.1% to settle at $19.96.
• Commercial Metals shares fell 0.4% to settle at $54.00 on Thursday.
• Amkor shares gained 2.2% to close at $31.02 on Thursday.
• Arm shares gained 5.4% to settle at $141.04.

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Posted In: AMKR ARM CMC EQIX INFY SIG