Jim Cramer on These 9 Stocks Recently

2. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 60

A caller asked Cramer’s thoughts on International Business Machines Corporation (NYSE:IBM) and he remarked:

“Nah, IBM is a winner. You know what? I have not focused on it nearly enough. It is a pure [buy, buy, buy] and I just think right down here, I mean, up, you know, it’s up five, that doesn’t matter. It’s going higher, maybe to 300.”

International Business Machines (NYSE:IBM) provides a variety of integrated services and solutions, such as hybrid cloud and AI platforms, along with server and storage solutions tailored for hybrid cloud environments. Appearing on Squawk on the Street in February, Cramer said:

“IBM had a remarkably good quarter. It’s a software company. They’re 42% software and they’ve got the annual contracts. We’ve always wanted that to happen. It’s what I was hoping would happen with Cisco. It’s really happening with IBM.”