13 Stocks in Jim Cramer’s Game Plan This Week

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1. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 62

Celestica Inc. (NYSE:CLS) is one of the stocks in Jim Cramer’s game plan this week. During the episode, Cramer started his game plan with the company and said:

“Let’s talk earnings. Monday, after the close, we hear from two companies that I actually have a fascination about. One is Celestica and the other is Whirlpool. Many tech products were thought to be made by nameplate companies, but you know what? They actually get built by Celestica Flex or Jabil. Celestica will tell us how so many areas of tech are doing. It’s worth paying attention to. I’ve stopped paying, yeah, I kind of dropped out of looking at Celestica. I was only focusing on Flex, but I want to look at all of them now.”

Celestica (NYSE:CLS) provides end-to-end supply chain, manufacturing, and engineering services, including product design, testing, logistics, and after-market support. The company also delivers hardware and software platform solutions for clients across industries such as technology, healthcare, and aerospace.

The company posted its Q2 earnings on July 28. Celestica (NYSE:CLS) reported non-GAAP EPS of $1.39, outperforming estimates by $0.16. The company’s revenue was up 21% year-over-year at $2.89 billion, beating estimates by $220 million.

While we acknowledge the potential of Celestica Inc. (NYSE:CLS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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