Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

15. Linde plc (NASDAQ:LIN)

Number of Hedge Fund Holders In Q3 2024: 63

Linde plc (NASDAQ:LIN) is a British industrial gas company that has gained prominence primarily because of its presence in the hydrogen market. The shares are up by a lackluster 3.26% over the past year since high interest rates have sapped the shine out of clean energy stocks. Linde plc (NASDAQ:LIN) has also suffered due to an industrial slowdown which has impacted its broader product portfolio. Cramer’s comments about the firm were part of his remarks about the broader interest rate-driven weakness in the industrial and materials sectors. Here is what he said:

“Well I mean, clean energy, hydrogen is Linde. Now Linde was recommended this morning. A club name that by the way has just been one of the great performers of the year, but has like all the materials companies, has gone down! The materials companies are, again I’m focused on them because that’s [the] real economy. And the real economy is quite weak. So for those in the Fed who want to talk about how we’re worried about inflation, again they should be saying we’re worried about inflation in ‘the’. Because if they’re worried about inflation in the data center, well I mean the data center costs are actually coming down because that’s basically steel and old technology that is doing quite well. But if you look at Linde I mean that’s a company that I expect to have revenue growth. It hasn’t. It’s just had tremendous margin expansion. And yet you can’t give, you know, no one wants that stock. You can’t give it away.”