7 Stocks on Jim Cramer’s Radar

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1. Intercontinental Exchange, Inc. (NYSE:ICE)

Number of Hedge Fund Holders: 91

A caller asked if Intercontinental Exchange, Inc. (NYSE:ICE) would perform long-term and Cramer remarked:

“Oh man, I’ve been a backer of ICE for a long time, I mean really, really long time. Not only that, of course, I’m there every day but that’s just the New York version. You know that’s such a winner. And by the way, it has held up so well. I like your choice. I think you have game.”

Intercontinental Exchange (NYSE:ICE) offers technology and data solutions to financial institutions, corporations, and government entities, focusing on regulated marketplace technology, fixed-income pricing and analytics, and mortgage-related digital platforms. In February, the company reported strong financial results for 2024, with net income of $2.8 billion and revenues of $9.3 billion, which showed a 14% increase in GAAP diluted EPS.

While we acknowledge the potential of Intercontinental Exchange, Inc. (NYSE:ICE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ICE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

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