Jacobs (J) is “Rather Remarkable,” Says Jim Cramer

We recently published 11 Stocks Jim Cramer Shared His Insights On.  Jacobs Solutions Inc. (NYSE:J) is one of the stocks Jim Cramer discussed.

Jacobs Solutions Inc. (NYSE:J) is an engineering and construction management services provider. Cramer previously discussed the stock on October 7th as he remarked that the firm’s exposure to the data center business had translated into its latest earnings report. The CNBC TV host added that, along with benefiting from data center build outs, Jacobs Solutions Inc. (NYSE:J) could also benefit from manufacturing reshoring across America. In this appearance, he discussed the firm after its fiscal fourth quarter earnings report:

Photo by ThisisEngineering RAEng on Unsplash

“Okay, Jacobs Solutions is an engineering company. It’s rather remarkable. Because what does it do? Well it builds everything, data centers, the drug companies, when they want to reshore, it’s the ultimate reshoring slash construction company in our country. And it guided yesterday to a weaker 26′ than people thought. This was the, I think the, proximate cause of a lot of the selling other than away from Micron and Western Digital, and the idea that DRAM prices might be peaking. So when I looked at this, I said, oh my god, Bob Pragada, terrific guy, they, they lowered it, there was a Baird downgrade today, that is very prescient, so people are saying, wait a second, if the premier builder of all the things that we are excited about, guides badly for 26′, what does it say, for 2026?

“It was, I will tell you, unreasonable. The seller was like, look it could get weaker. I didn’t think it was any more than that, they had no empirical reason. But it scared people. Now I know that that’s a tough word to use, but that’s what I’m seeing around town. That scared people into thinking maybe the whole reshoring, building is over. It’s completely untrue, okay, completely untrue. But yesterday, was not the day to guide down, in terms of next year’s numbers. It was just the wrong time, wrong place.”

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.