Jim Cramer Commented on These 8 Stocks Recently

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 66

A caller mentioned that they bought Hewlett Packard Enterprise Company (NYSE:HPE) at the end of December for around $21 and sold it last week for $16. They inquired if it was a mistake and Cramer said:

“No, you did not make a mistake. Now, I did spend a lot of time with Antonio Neri when I was out at GTC. It was a nice time… But what concerned me was that last quarter was bad and they’re in the penalty box with me and I would have done the same thing. Once I saw that quarter, I would say, okay, I gotta move on. There’s not much here. Now be aware that everything’s headed down now to where HPE is, but that may afford you an opportunity to swap out of, to put money into a new name that’s better than HPE. And here what I’m thinking about is Dell.”

Hewlett Packard (NYSE:HPE) provides data solutions that help customers manage and utilize information effectively. It offers a range of products, including servers, advanced computing systems, and storage solutions.