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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.”

While we acknowledge the risk and potential of JCI 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 JCI 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.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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