Jim Cramer Discussed 12 Stocks and Macroeconomic Conditions

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8. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 66

International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer discussed along with macroeconomic conditions. Cramer called the company stock cheap despite a noteworthy run, as he stated:

“I also asked if some of the legacy tech giants, like Cisco and IBM, could continue the better performance they’ve been putting up, and I’m happy to say that by and large, they have. Cisco’s climbed nearly 32% year to date about three weeks ago. The stock closed at a record high for the first time since March of 2000. Great win for the CNBC investing club there. Meanwhile, IBM’s up more than 38%, trading at record highs. It’s still cheap, by the way, and it still should be bought.”

International Business Machines Corporation (NYSE:IBM) provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products. During the November 19 episode, Cramer highlighted the company as a quantum play, as he said:

“Now, I know that many of you can’t resist the quantum computing stocks even after they sold off hard over the past month. Maybe you like to lose money. I’m against that. I would steer clear of the speculative quantum plays because the profitable companies with the best quantum computing technology are actually Alphabet and IBM. You could do worse.”

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