Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

18. Jabil Inc. (NYSE:JBL)

Number of Hedge Fund Holders In Q3 2024: 45

Jabil Inc. (NYSE:JBL) is a contract manufacturing firm primarily involved in manufacturing computer hardware products such as printed circuit boards (PCBs). Its business model makes the firm one of the earliest to experience any headwinds or tailwinds in the information technology industry. Jabil Inc. (NYSE:JBL)’s shares have gained a modest 9% in 2024 as the non-AI enterprise computing and broader consumer electronic industries continue to feel the pinch from lower consumer spending. The stock fell by 16% in March after Jabil Inc. (NYSE:JBL) cut full-year revenue and earnings per share guidance to $28.5 billion and $8.4 from an earlier $31 billion and $9. Conversely, the stock jumped by 11% in October after fiscal Q1 revenue of $7 billion beat analyst estimates of $6.6 billion. Here’s what Cramer said:

“Thank heavens. Now there’s one, Jabil represents building out of technology and you have Micron which goes up everyday which is setting up for failure unfortunately I don’t like that’s reporting tonight. That’s high bandwidth. Because it does have a great high bandwidth AI business.

“See now here’s the deal, other people see the stock and you’re a humanitarian. But that [THE STOCK] is signalling all systems go for a lot of tech companies. That’s the buildout company.”