Jim Cramer Jacobs Solutions: “Think of Them as a Terrific Reshoring Play”

Jacobs Solutions Inc. (NYSE:J) is one of the stocks that Jim Cramer expressed thoughts on. While highlighting engineering construction firms, Cramer mentioned the company and commented:

“I want to highlight another group that doesn’t get as much attention, actually, kind of gets almost no attention despite the fact that they’re some of the clearest winners in this whole process. I’m talking about what we used to call the ENC stocks, the engineering construction firms that literally build the data centers. Take Jacobs Solution, up almost 48% from its April lows… Jacobs has been in the data center construction business since 2007… The digital twin concept is a real cost-saver, especially in times of tremendous materials inflation.

And look, the data center exposure is already paying off. When Jacobs reported its most recent quarter, the company delivered a nice earnings boost and raised its full-year earnings forecast. Nice, huh? Management called out the data center boom as one of the top drivers of the company’s core infrastructure and advanced facilities business. Look, I think Jacobs remains a winner both for the data center and because they can make a bundle from new manufacturing facilities being built in the United States, including pharmaceutical plants. Think of them as a terrific reshoring play.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Jacobs Solutions Inc. (NYSE:J) provides consulting, engineering, and infrastructure delivery services spanning design, construction management, and facility operations.

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