Jim Cramer Discussed These 16 Stocks Recently

13. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 106

ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer discussed recently. During the lightning round, when a caller inquired about the stock, Cramer said:

“If you invest for the long term, I want you to hold it. And I think… it did in the Liberation era go down to $678. I don’t think that’s going to happen. All I can tell you is I think the fundamentals are very good at ServiceNow and that there’s no doubt about it. Bill McDermott knows how to run a real good company.”

ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a set of IT, security, customer-service, and employee-experience products. Cramer mentioned the company during the October 29 episode and stated:

“While this has been a great year for anything connected to AI, it’s been pretty darn awful for the enterprise software space. Because if there’s one thing that AI’s already good at, it’s writing the code that the enterprise software guys give you, and that’s why even the highest quality enterprise software companies have gotten slammed.

Take Cramer fave ServiceNow, which helps its customers automate all sorts of IT and back office jobs. Going into today’s close, this stock was down almost 24% from its all-time high in January. But here’s the thing, we haven’t seen any signs of artificial intelligence impacting their earnings. Tonight, ServiceNow reported another excellent set of numbers, 22% revenue growth, 56% earnings beat off a $4 and 26-cent basis. Even better, management raised nearly every line, every line of their full-year forecast.”