Jim Cramer Discusses These 9 Stocks & US AI GPU Advantages

4. Johnson Controls International plc (NYSE:JCI)

Number of Hedge Fund Holders In Q3 2024: 52

Johnson Controls International plc (NYSE:JCI) sells heating, ventilation, fire suppression, and other products to the construction industry. Despite interest rates reducing construction activity in 2024, Johnson Controls International plc (NYSE:JCI)’s shares close the year 38% higher. Several catalysts drove this performance. For starters, the firm’s HVAC orders grew by 20% annually during the third quarter particularly due to high data center demand. Johnson Controls International plc (NYSE:JCI)’s former CEO left after discussions with activist investor Elliot last year. The shares surged by 11.3% in February after the firm announced a new CEO and lifted its profit forecast to range between $3.50 and $3.60 per share from an earlier $3.40 to $3.50. Here is what Cramer said:

“[JCI’s earnings] Oh wow, look at that. Good stuff. Industrials. Yesterday it was Cummins, that’s what people want, okay. That’s the stocks that people want.”