Jim Cramer Discusses Joe Rogan, Elon Musk, And These 13 Stocks

10. United Rentals, Inc. (NYSE:URI)

Number of Hedge Fund Holders In Q3 2024: 45

United Rentals, Inc. (NYSE:URI) is an industrial and construction rental equipment provider. As a result, its fate depends on the health of the interest rate-sensitive construction and industrial sectors. Yet, United Rentals, Inc. (NYSE:URI)’s shares were up by 25% in 2024 as it benefited from strong earnings that enabled it to grow revenue by 9% during the first three quarters of the year. Year-to-date, the stock is up by 5.8% as the firm aims to grow its equipment portfolio by acquiring H&E for $4.8 billion. Here’s what Cramer said about United Rentals, Inc. (NYSE:URI)’s latest move:

“If I were either Jonathan Kanter at the anti trust division of the Justice Department or I was Lina Khan who runs the FTC, I would veto this deal immediately. Why? Because they’re in the same industry. H&E this is a terrific product. It makes, it’s another rental. URI used to be a roll up, they kind of stopped that because they knew that everything would be blocked by antitrust. David, we’re back. You can merge anybody. Why not? You can just merge anybody. These are two companies that could compete, what the heck, why don’t you merge them and make it so everybody’s better for it. Particularly the shareholders.”