Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

14. Jabil Inc. (NYSE:JBL)

Number of Hedge Fund Holders In Q3 2024: 45

Jabil Inc. (NYSE:JBL) is a contract manufacturer that not only caters to the needs of the information technology industry but is also building exposure to GLP-1 weight loss drugs. These two industries are among the hottest in America and in Europe right now, which sets the firm up well for the future. Yet, at the same time, not all data centers are AI data centers. The non-AI data center industry has faced a marked slowdown in today’s high interest rate era, which makes it unsurprising that Jabil Inc. (NYSE:JBL)’s shares are up by a modest 13.16% year-to-date. Cramer believes the firm has been overlooked by today’s frenzied markets:

“Lost in the shuffle this week, like the Ben Swinburne piece, was Jabil’s quarter. Jabil’s not a small company. Bank of America raised its price target today from $150 to $165. This is good. They do two things. They build data centers. And they build the factories for GLP-1. Which you know we can’t get enough of. So, it’s just one of these where had it been on a normal day, this stock would have been up 25, it was up a lot. But this company is in the sweet spot when you’re doing GLP-1 and you’re doing data centers. Two strongest parts of the economy.”