Jim Cramer, the host of Mad Money, recently discussed the crucial events on Wall Street this week and emphasized the importance of watching upcoming earnings reports. He pointed out that the Thanksgiving period often brings a surge of optimism to the market. However, Cramer expressed concern that this enthusiasm is getting out of hand.
“Thanksgiving tends to unleash the animal spirits of the market in a very positive way. I’m no killjoy… but there’s getting to be a little too much speculation for me and if we don’t deal with it, if I don’t talk about it, it’s gonna become a problem.”
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Cramer also turned his attention to Bitcoin, commenting on the growing buzz around the cryptocurrency. He expressed his hope that Bitcoin would finally reach the $100,000 mark so the conversation could move on. According to Cramer, the surge in Bitcoin’s price is largely tied to speculation fueled by the President-elect’s idea of creating a strategic Bitcoin reserve. He noted that many people who had missed out on Bitcoin when it was trading lower are now justifying their purchases at these higher levels.
“As long as it’s legal, I’m all in but understand, I have nothing to offer on Bitcoin’s $100,000 price tag, nor does anybody else, by the way, except to say this: This is what happens when there are more buyers than sellers.”
Turning to broader market trends, Cramer acknowledged that stock trading tends to slow down during the rest of the holiday week. However, he highlighted that Wednesday would bring the latest personal consumption expenditures (PCE) report from the government. This report, a key inflation measure for the Federal Reserve, could give a clue as to whether the Fed will consider another rate cut before the year ends.
Cramer noted that the economy has been running hotter than the Fed would prefer, which has led to speculation that a rate cut in December might not be necessary. The situation is particularly challenging, he explained, because long-term interest rates, including mortgage rates, have been rising since the Fed began its rate cuts. Normally, these rates would decrease in such an environment, so if the PCE report shows a cooler inflation reading, it could fuel another rally. On the other hand, if the report is hot, Cramer suggested it could trigger a downturn in some of the more speculative stocks.
“If you have huge profits in the month of November, could you do me a favor? I would show a little thanks next week and take something off the table in your most risky positions.”
Jim Cramer’s Market Game Plan: 13 Stocks in Focus
Our Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the recent episode of Mad Money on November 22. We listed the stocks in ascending order of their hedge fund sentiment as of the third quarter, which was taken from Insider Monkey’s database of 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Jim Cramer’s Market Game Plan: 13 Stocks in Focus
13. Kohl’s Corporation (NYSE:KSS)
Number of Hedge Fund Holders: 30
Commenting on Kohl’s Corporation (NYSE:KSS) during the episode, Cramer said:
“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… Kohl’s, let’s just say guilty until proven innocent. Let’s hear what they have to say about Sephora, which I think is the main reason to go to the store now that Kohl’s Cash seems to have lost its allure like Confederate dollars.”
Kohl’s (NYSE:KSS) is an omnichannel retailer that offers branded apparel, footwear, accessories, beauty, and home products both in-store and online, under various brand names including Croft & Barrow, LC Lauren Conrad, and Simply Vera Vera Wang. It has faced challenges in attracting shoppers, particularly as consumers have become more selective in response to ongoing inflationary pressures. Despite offering frequent discounts and promotions, the company has struggled to drive consistent foot traffic and sales.
According to Bloomberg, Neil Saunders, managing director at GlobalData, noted that the company’s poor performance has led to cost-cutting measures, which in turn have contributed to further sales declines, creating a cycle of poor execution. In an effort to reverse this trend, the company introduced partnerships with brands like Sephora and Babies “R” Us. The addition of Sephora shop-in-shops has proven to be somewhat successful, attracting new customers, with around a third of Sephora shoppers also purchasing other products from Kohl’s.
However, Saunders suggested that while such partnerships may offer some short-term relief, Kohl’s (NYSE:KSS) long-term recovery will not rely solely on the strength of other brands. Reflecting ongoing challenges, the company revised its comparable sales guidance downward, now expecting a decrease of between 3% and 5% for the full year 2024. It also projected net sales to decline by 4% to 6%.
12. The J. M. Smucker Company (NYSE:SJM)
Number of Hedge Fund Holders: 30
Cramer mentioned that The J. M. Smucker Company (NYSE:SJM) stock has a chance of gaining if the company reports in-line numbers for its second quarter of fiscal 2025.
“We have a food stock reporting too, J.M. Smucker, let me talk about this. The market doesn’t seem to like the food stocks anymore, does it? But maybe they’re, at this point, overly hated. Wall Street doesn’t like that Smucker seemingly paid too much for Hostess Brands when it shelled out $5.6 billion for the property that’s known as the king of junk food. But in this market, if Smucker can simply deliver inline numbers, the stock could soar because of all those Twinky bashers who would be ‘leaning the wrong way’, in other words, shorting the stock when they shouldn’t be.”
J. M. Smucker (NYSE:SJM) manufactures and markets a wide range of branded food and beverage products, including coffee, pet food, snacks, and spreads, under well-known brands. In November 2023, the company expanded its portfolio by acquiring Hostess Brands, Inc. for $34.25 per share in a transaction valued at approximately $5.6 billion, including around $900 million in net debt. This acquisition added well-known sweet-baked snack brands such as Hostess Donettes and Twinkies to the company’s offerings.
In the first quarter of fiscal 2025, the company saw a notable increase in its gross profit, which rose by $142.4 million, or 22%. This growth was largely driven by the favorable impact of the Hostess acquisition and positive volume/mix changes. The company is also focused on increasing the market share of its Café Bustelo coffee brand across the U.S. Additionally, the company unveiled its first microwavable Hostess product, Meltamors, as part of its efforts to innovate in the snack category.
However, J. M. Smucker (NYSE:SJM) revised its full-year guidance, lowering its expected net sales growth to a range of 8.5% to 9.5%, down from its previous projection of 9.5% to 10.5%. The company expects adjusted earnings per share to fall between $9.60 and $10.00, a slight reduction from its earlier forecast of $9.80 to $10.20.
11. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Number of Hedge Fund Holders: 35
Cramer called DICK’S Sporting Goods, Inc. (NYSE:DKS) a “category killer” and said:
“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days. Take that DICK’s Sporting Goods. Now this one jumped eight points just today. Is that good because it’s a sign that numbers will be great or is it bad…? I’m betting it’s actually the former because DICK’s is a category killer and there aren’t that many of these left… I think DICK’s can pull it off.”
DICK’S Sporting Goods (NYSE:DKS) is an omni-channel retailer offering a wide range of sporting goods, including equipment, apparel, footwear, and accessories. The company has focused on enhancing its inventory in recent months, reporting an 11% increase in inventory levels at the close of the second quarter compared to the same period in the prior year.
Management explained that this decision to invest in inventory was a deliberate move to focus on key, differentiated products and categories, which are expected to support growth through the second half of 2024 and into early 2025. For fiscal 2024, the company raised its earnings per share guidance to a range of $13.55 to $13.90, up from its previous forecast of $13.35 to $13.75 per share.
This adjustment represents a modest increase of approximately 18 cents at the midpoint. Additionally, DICK’S Sporting Goods (NYSE:DKS) maintained its overall sales guidance, expecting sales to fall between $13.1 billion and $13.2 billion, which aligns with previous estimates and does not exceed analyst projections. However, the company did raise its outlook for comparable sales growth, now anticipating an increase of between 2.5% and 3.5%, up from the prior forecast of 2% to 3%.
10. Bath & Body Works, Inc. (NYSE:BBWI)
Number of Hedge Fund Holders: 36
Cramer pointed out Bath & Body Works, Inc.’s (NYSE:BBWI) last two forward outlooks that led to a decline in the stock. Here’s what Mad Money’s host had to say:
“Retail earning season continues on Monday with Bath & Body Works. These guys held e-commerce competitors much longer, they had them at bay much longer than other mall-based retailers, but the stock’s been out of favor for a couple of years now. Believe it or not, the company’s last two quarters have been okay, but both times, Bath & Body Works gave discouraging forward outlooks that crushed the stock. It’s fallen from the low $50s at the end of May to around $30 now. Have expectations finally come down enough? If they can give us some positive commentary on the holidays, then it would go a long way in this market.”
Bath & Body Works (NYSE:BBWI) is a prominent retailer specializing in home fragrances, body care, soaps, and sanitizers. Operating under several brand names, the company is recognized for offering a wide range of personal care and home fragrance products. For the third quarter, it reported net sales of $1.61 billion, marking a 3.0% increase from the same period in 2023. Despite the increase in sales, the company’s earnings per diluted share for the third quarter were $0.49, slightly down from $0.52 in the prior year.
The third-quarter operating income stood at $218 million, a decrease from $221 million in 2023. Similarly, net income also dropped to $106 million from $119 million last year. Amidst a challenging retail environment and softer demand in the market, the company introduced a new winter fragrance collection that includes products like Winter Candy Apple and Frosted Coconut Snowball.
These new offerings are part of Bath & Body Works’ (NYSE:BBWI) strategy to remain competitive and appeal to customers during the holiday season. CEO Gina Boswell explained that the company is leveraging its flexible business model and primarily U.S.-based supply chain, and the company feels confident in its ability to navigate a turbulent retail landscape and a shorter holiday season. Boswell expressed satisfaction with the company’s strong performance and the momentum it is gaining as it enters the crucial holiday season.
9. Best Buy Co., Inc. (NYSE:BBY)
Number of Hedge Fund Holders: 37
Cramer called Best Buy Co., Inc. (NYSE:BBY) “too fraught” but also pointed out that since there aren’t many expectations from the company, any good news will be well-received.
“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… Is Best Buy still a category killer? We trimmed some of our position for the Charitable Trust this week after a big gain because we listened to tales of woe that we got from Home Depot and Lowe’s. This one is what I call too fraught. Then again, the shorts are on the ride and no one really expects much from Best Buy. So if it gives us anything good at all, then it’s to the moon…”
Best Buy Co (NYSE:BBY) is a retailer that sells a wide range of technology products, including computing devices, mobile phones, consumer electronics, appliances, entertainment items, and other goods. As per the company’s CFO, Matt Bilunas’ comments, the company adjusted its annual comparable sales guidance for FY25 and expects a decline of 1.5% to 3.0%.
This revision follows the earlier projection for comparable sales, which suggested a trend towards the midpoint of the guidance range. For the third quarter of FY25, the company anticipates a comparable sales decrease of around 1.0%, and non-GAAP operating income for the quarter is expected to be approximately 3.7%. During the last quarter’s earnings call, management provided insights into current consumer behavior, noting that shoppers are particularly focused on finding value during sales events.
At the same time, customers remain willing to spend on high-priced products when necessary or when new, compelling technology becomes available. Despite these spending patterns, Best Buy Co (NYSE:BBY) management commented that they have not observed any significant shifts in consumer behavior that would indicate increased caution in purchasing.
8. Macy’s, Inc. (NYSE:M)
Number of Hedge Fund Holders: 38
Cramer highlighted that Macy’s, Inc. (NYSE:M) stands to make a lot of money over the holiday season and commended the company’s CEO.
“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… Next up, Tony Spring, the CEO of Macy’s knows that his chain makes an incredible amount of money in the next 30 days. This quarter is simply a prelude to Macy’s season. If he can tell a good story about the Bloomingdale’s-ization of the chain… then his stock will build on today’s lead. I mentioned that because Tony is from Bloomingdale’s and he did such a great job there and I’m pulling for this guy.”
Macy’s (NYSE:M) is an omnichannel retailer offering a variety of products, including apparel, accessories, cosmetics, home furnishings, and more, through its Macy’s, Bloomingdale’s, and bluemercury brands. In February, it appointed Tony Spring as Chairman and CEO, a leadership change aimed at navigating the company through challenging times. The company has been grappling with declining sales and market share loss.
In response to these challenges, Spring introduced “A Bold New Chapter,” a strategy designed to modernize the company and secure a more sustainable future. Under it, the company is rethinking its physical store strategy. It is in the process of closing underperforming locations in low-traffic areas while simultaneously opening new, smaller “go-forward” stores. These new stores are part of a test group known as the “First 50,” which aims to create a better shopping experience.
The company’s vision for the future includes a more appealing merchandise assortment, improved store layouts with less clutter, and a better flow of products. Additionally, Macy’s (NYSE:M) plans to increase staffing in these locations to improve customer service and experience. Additionally, in a recent interview with Yahoo Finance, Spring emphasized that the company’s three-year plan focuses on achieving sustainable, profitable growth.
7. Zoom Video Communications, Inc. (NASDAQ:ZM)
Number of Hedge Fund Holders: 39
Cramer noted that while Zoom Video Communications, Inc. (NASDAQ:ZM) often has multiple projects underway, in today’s speculative market, beating earnings estimates by a small margin could now have a significant impact.
“After the close, we hear from Zoom Video, and this is one of those companies where the people who are shorting the stock are panicking right now and the buyers smell blood in the water. Zoom’s got a lot of irons in the fire, but doesn’t it always seem like it has a lot of irons in the fire? This time though, in this highly speculative market, it might finally matter if they beat by two or three pennies.”
Zoom Video (NASDAQ:ZM) offers a unified communications platform with services including Zoom Meetings, Zoom Phone, Zoom Chat, Zoom Rooms, and Zoom Webinars, along with virtual event tools, developer integrations, and an omnichannel contact center solution. On November 25, it reported its fiscal 2025 third-quarter results, surpassing analyst expectations. The company’s revenue reached $1.178 billion, reflecting a 3.6% increase from the previous year. The adjusted EPS stood at $1.38.
Zoom Video (NASDAQ:ZM) was focused on expanding its market presence during the quarter, especially within the enterprise sector. This is evidenced by a 5.8% year-over-year growth in enterprise revenue, which totaled $698.9 million. Eric S. Yuan, the founder, and CEO, made a note of significant achievements, including a record-setting deal with over 20,000 seats for Zoom Contact Center in the EMEA region and Workvivo’s largest-ever deal with a Fortune 10 company.
These milestones highlight the company’s success in gaining traction among global enterprises, particularly those interested in integrating workplace and business services on Zoom’s platform. In addition to its expansion efforts, it continues to invest in AI and other innovations aimed at improving customer experience and engagement as evidenced by its release of AI Companion 2.0 during the quarter.
6. HP Inc. (NYSE:HPQ)
Number of Hedge Fund Holders: 42
Cramer said that he wants the truth from HP Inc. (NYSE:HPQ) about AI PCs as he remarked:
“Now here’s a really important one: After the close, HP reports, and I wanna know the truth here if the AI PC is really doing as well as expected, then eh, I don’t think it is and I think it might not be and we need to know why.”
HP (NYSE:HPQ) offers a wide range of personal computing devices, imaging and printing products, and related services, along with solutions in digital access, graphics, and 3D printing. The company’s CEO Enrique Lores previously voiced optimism about AI PCs, noting their potential to boost both average selling prices and sales volume for the company into the coming year.
It is worth noting that in August, during CNBC’s Mad Dash, Cramer talked about a “quizzical” piece by Morgan Stanley. Erik Woodring, an analyst at Morgan Stanley, lowered the rating on HP (NYSE:HPQ) stock to Equal-Weight from Overweight, while keeping the price target at $37. In a research note, Woodring explained that the previous Overweight thesis was grounded in the expectation that the market was undervaluing a rebound in PC revenue growth, stable print margins, and increased capital returns.
Cramer called it quizzical because he emphasized the increased momentum in technology. He highlighted a key line from the analysis that said, “Additionally, with second-hand PC demand trending a bit weaker than we previously thought” and expressed disbelief. Cramer said that the analysis took everyone by surprise. Cramer went on to say:
“Morgan Stanley has excellent research, obviously, in tech and they are saying that the price target [remains] unchanged at $37, but I didn’t like this piece. I didn’t like it because as far as I was concerned, I had thought that there was some momentum in AI PC. Now, we don’t really know. They say there’s some factory limit outperformance. I think it’s [a] slower rollout but I also think that maybe people are taking their time trying to figure out AI. I don’t know. This is, again, not something I expected [from] this piece.”
5. Abercrombie & Fitch Co. (NYSE:ANF)
Number of Hedge Fund Holders: 51
Cramer acknowledged that Abercrombie & Fitch Co. (NYSE:ANF) did not do well last quarter but expressed hope for the upcoming quarterly earnings report.
“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… Abercrombie bombed last quarter. After listening to the success that is Gap last night, I don’t think ANF gets it wrong twice. They’re too good for that.”
Abercrombie & Fitch (NYSE:ANF), a prominent player in the retail industry, operates as an omnichannel retailer with a wide range of offerings, including apparel, personal care products, and accessories. These products are available under various brand names, including Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks. According to Fran Horowitz, the Chief Executive Officer, the company experienced a strong performance in the first half of the year and raised its full-year outlook.
Horowitz expressed confidence in the company’s ability to achieve sustainable and profitable growth in 2024, highlighting its commitment to investing in key areas like marketing, digital technology, and physical stores to support long-term development.
For the third quarter, Abercrombie & Fitch (NYSE:ANF) expects net sales growth to increase by low double digits compared to $1.06 billion in net sales for the third quarter of fiscal 2023. Operating margins for Q3 are projected to be in the range of 13% to 14%, a slight improvement from the 13.1% operating margin seen in the same quarter of 2023.
4. Burlington Stores, Inc. (NYSE:BURL)
Number of Hedge Fund Holders: 51
Talking about Burlington Stores, Inc. (NYSE:BURL), Cramer said:
“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… TJX and Ross Stores both reported good numbers and I doubt that Burlington Stores will be any different. Well, that makes for a terrific trade.”
Burlington Stores (NYSE:BURL) is a retailer that offers a variety of branded merchandise. The company operates under the Burlington Stores and Cohoes Fashions brand names. As a nationally recognized off-price retailer, it achieved fiscal 2023 net sales of $9.7 billion. During the first six months of fiscal 2024, the company saw a 12% increase in total sales compared to the same period in fiscal 2023. In addition, net income surged by 139%, reaching $152 million, or $2.37 per share, up from $0.98 per share in the prior year.
Burlington Stores (NYSE:BURL) is set to report third-quarter earnings on November 26. For the quarter, the company expects total sales to rise between 10% and 12%. This projection assumes that comparable store sales will increase by 0% to 2% compared to the third quarter of fiscal 2023. The company also anticipates a growth of 60 to 80 basis points in its adjusted EBIT margin and expects adjusted EPS to be between $1.45 and $1.55, up from the adjusted EPS of $1.10 in the same quarter last year.
3. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 60
Cramer is a believer in Dell Technologies Inc.’s (NYSE:DELL) Michael Dell and highlighted the company’s partnership with Nvidia.
“After the close, we have some big tech names reporting, including some that we own for the Charitable Trust. CrowdStrike, Dell Technologies, Workday. I think we might see these go 3, 4, 3… Dell is the best partner of Nvidia when it comes to [the] implementation of Blackwell, which is the new generation of AI chips. I buy some now and then I buy some after it pulls back and hey, if the stock doesn’t come in after, well then you still got a good position on. I am a huge believer in Michael Dell and I think we’re lucky to be able to invest alongside him.”
Dell Technologies (NYSE:DELL) is well-known for its advanced offerings in areas such as AI servers, unstructured data storage, AI PCs, and networking. It has also developed the Dell AI Factory in collaboration with NVIDIA. This comprehensive solution combines a variety of elements, including servers, storage, networking, workstations, services, and validated solutions, to help businesses unlock the full potential of artificial intelligence.
Recently, Adam Glick, senior director of AI portfolio marketing at Dell, and Jason Schroedl, director of product marketing for enterprise platforms at Nvidia, spoke with theCUBE Research about how AI infrastructure is transforming enterprise productivity and the role of Dell AI Factory solutions in this transformation.
Glick highlighted the importance of integrating hardware, networking, and software, while Schroedl emphasized that early adoption of generative AI gives companies a competitive advantage. Both agreed that AI is rapidly evolving, and companies must act quickly to stay ahead.
2. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 74
Cramer said that the time is nigh to buy CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and stated:
“After the close, we have some big tech names reporting, including some that we own for the Charitable Trust. CrowdStrike, Dell Technologies, Workday. I think we might see these go 3, 4, 3. CrowdStrike’s been on a charm offensive, that’s George Kurtz, ever since that summer glitch heard around the world. I believe that CEO Kurtz has a free pass to say how the company’s doing. So it might be a real good time to buy it ahead of the quarter, maybe pick some up this day.”
CrowdStrike (NASDAQ:CRWD) is a cybersecurity company recognized for its advanced Falcon platform, which offers a wide range of endpoint security solutions. In July, the company faced a significant IT outage due to a software glitch, causing disruption. The company swiftly addressed the issue. CEO George Kurtz mentioned during the last earnings call that while the outage delayed some contracts, most deals remain active in the sales pipeline.
CrowdStrike (NASDAQ:CRWD) is set to release its financial results for the third quarter of fiscal year 2025 on November 26. In late August, it projected that its revenue for the third quarter would fall between $979.2 million and $984.7 million, marking a year-over-year increase of approximately 25%.
The company’s outlook for the full fiscal year 2025 is equally optimistic, with a revenue forecast ranging between $3.89 billion and $3.90 billion, reflecting a growth rate of 27% to 28% from the previous year. Additionally, management reiterated the company’s commitment to its long-term ambition of reaching $10 billion in annual recurring revenue (ARR) by the end of fiscal year 2031.
1. Workday, Inc. (NASDAQ:WDAY)
Number of Hedge Fund Holders: 84
Cramer said that Workday, Inc. (NASDAQ:WDAY) is easy and called it a winner. Here’s what he had to say:
“After the close, we have some big tech names reporting, including some that we own for the Charitable Trust. CrowdStrike, Dell Technologies, Workday. I think we might see these go 3, 4, 3… Workday: easy. It’s enterprise software and suddenly the world loves enterprise software as much as they hated enterprise software earlier in the year. Workday was there early. It’s a winner in the human resources and financial spaces within the enterprise.”
Workday (NASDAQ:WDAY) offers cloud-based enterprise applications that help businesses manage financial, HR, spending, planning, and supply chain operations, with solutions for analytics, reporting, and custom app development. It has been increasingly utilized by city and county governments across the United States. According to a recent announcement by the company, these governments are adopting its AI-powered platform to enhance workforce diversity and make data-driven financial decisions.
Workday (NASDAQ:WDAY) has also focused on expanding its capabilities through acquisitions, further positioning itself for growth. In September, the company entered into a definitive agreement to acquire Evisort, a leading provider of AI-native document intelligence solutions. This acquisition aligns with its vision to integrate AI technologies more deeply into its platform. With the addition of Evisort’s AI-driven document intelligence capabilities, the company plans to enrich its finance and HR offerings.
The integration is expected to allow customers to extract and automate data from documents quickly and accurately, thereby streamlining operations and enabling more informed business decisions. Alerts and insights powered by AI will also help improve decision-making processes across the board. The acquisition is expected to close in the third quarter of the company’s fiscal year 2025, ending on October 31, 2024.
While we acknowledge the potential of Workday, Inc. (NASDAQ:WDAY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than WDAY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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