Jim Cramer Calls Johnson Controls a “Very Good Company”

Johnson Controls International plc (NYSE:JCI) is one of the stocks Jim Cramer recently gave takes on. A caller asked for Cramer’s short-term and long-term outlook on the stock. He replied:

“Johnson Controls has done a very good job of moving into the data center. I do like Vertiv more, but Johnson Controls is a very good company, and it didn’t used to be.”

A stock market graph. Photo by Alesia Kozik on Pexels

Johnson Controls International plc (NYSE:JCI) delivers HVAC, refrigeration, fire, security, and smart building technologies. In addition, the company provides energy efficiency solutions, maintenance, and technical services for commercial, industrial, and government clients.  During a June episode, Cramer said that the stock has been “strong now for ages,” as he commented:

“Then, if you want to stretch things, let’s roll in Johnson Controls. Yeah, HVAC, right? It creates big cooling systems. Very much needed to keep data centers from overheating. Sometimes, I think that they just got really lucky to have this business. Stock’s been strong now for ages, it might be a collateral play on what… [has] been the most potent stock in the market, CoreWeave, which closed yesterday as a four-bagger from its recent IPO before pulling back hard today. It’s kind of a bit of a meme stock. Yeah, you know what that is.”

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