Jim Cramer’s Latest Calls: Top 10 Stocks

4. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Investors: 91

Jim Cramer was asked about Vertiv Holdings Co (NYSE:VRT) in a latest program on CNBC. Cramer warned that the stock can see another selloff in the coming days:

“I have to tell you, that stock fell so much that here’s what’s going to happen: when you see a stock drop $43 on a $150 basis, it means the sellers aren’t done. They’ll come back again tomorrow, break the chart, and make things happen that will make you wish you bought the stock at 80, not 100. That’s typically what happens.”

Baron Small Cap Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its Q3 2024 investor letter:

“Vertiv Holdings Co (NYSE:VRT) is a leader in data center equipment, with significant share in both power and cooling applications. The stock rebounded off recent weakness, as investors gained confidence that a massive build out of AI data centers globally was on the horizon. Vertiv’s strong relationship with chip manufacturers and involvement in the necessary technology roadmap for solutions as the energy density of server racks increases were catalysts. Vertiv’s orders were up 57% year-over-year in the second quarter, backlog was $7 billion, a record, and 2024 operating profit margin and EPS guidance was raised.”