Boston Scientific Corporation (BSX) Is One Of The Most Reliable Companies, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Discussed As He Commented On Big Tech. Boston Scientific Corporation (NYSE:BSX) is one of the stocks Jim Cramer recently discussed.

Boston Scientific Corporation (NYSE:BSX) is one of the biggest medical device companies in the world. Its shares have gained 18.9% year to date, with July proving to be a good month. Boston Scientific Corporation (NYSE:BSX)’s shares rose by 4.5% after its latest quarterly results, which saw the firm’s cardiovascular business grow sales by 23% organically to smash analyst estimates of 5% out of the park. Cramer commented on the results:

“The most reliable medical equipment company. . .Boston Scientific. Another great quarter. Mike Mahoney quietly puts up a fantastic number, fantastic. Big revenue beat. Some people are just so unheralded and this again is the broadening out. I know that we can worry about 2008. I know we can worry about 2021. But there are sectors of the market where the companies are just crushing it. Like them.”

Boston Scientific Corporation (BSX) Is One Of The Most Reliable Companies, Says Jim Cramer

A medical technician holding the instruments in her hands

Previously, Cramer commented on Boston Scientific Corporation (NYSE:BSX)’s business:

“Now it was a big cluster with gains in the mid-fifties… Finally, there’s Boston Scientific, which makes minimally invasive medical devices. We’ve had them on… Some would say it just builds a better mousetrap, crude and somewhat denigrating but true, a superior company.”

While we acknowledge the risk and potential of BSX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BSX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.