13 Stocks on Jim Cramer’s Radar Recently

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5. Hewlett Packard Enterprise Company (NYSE:HPE

Number of Hedge Fund Holders: 66

When a caller inquired about Hewlett Packard Enterprise Company (NYSE:HPE), Cramer said:

“Well, you know it’s a very competitive spot…. It’s a very competitive area. You’re up against Dell, a bunch of other companies, and so therefore I think that even though it sells at 10 times earnings, it is still a very difficult stock to own. So I’m not going to recommend the stock to you.”

Hewlett Packard Enterprise (NYSE:HPE) delivers data solutions that support customers in handling and using information efficiently. Its products include servers, high-performance computing systems, and storage equipment. On March 26, answering a question about the company, Cramer commented:

“No, you did not make a mistake. Now, I did spend a lot of time with Antonio Neri when I was out at GTC. It was a nice time… But what concerned me was that last quarter was bad and they’re in the penalty box with me and I would have done the same thing. Once I saw that quarter, I would say, okay, I gotta move on. There’s not much here. Now be aware that everything’s headed down now to where HPE is, but that may afford you an opportunity to swap out of, to put money into a new name that’s better than HPE. And here what I’m thinking about is Dell.”

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