Jim Cramer on Celestica: “That’s a Freight Train”

Celestica Inc. (NYSE:CLS) is one of the stocks Jim Cramer put under the spotlight. Answering a caller’s query about the stock during the episode, Cramer said:

“Did you see that stock today? Did you see how beautiful that stock acted? Holy cow. I mean… Jabil was acting not nearly as good. I think Jabil’s a good company, but Celestica, they better come on. I mean, that thing is just like a, that’s a freight train.”

Celestica Inc. (NYSE:CLS) provides manufacturing and supply chain solutions, including design, engineering, assembly, logistics, and after-market services. During the August 11 episode, when a caller inquired about the company stock, Cramer called it a “strong buy,” as he remarked:

“Oh, Celestica is red hot. I like Celestica. I like Jabil. I like Sanmina. All three of these companies are, what they do is they contract manufacturing, and in a time of tariffs, you want to be where you can build something, that you have a lower tariff, and Celestica can really help you. It is a strong buy. I’ve been trying to figure out how to recommend it on the show, and I’m so glad you called… you just gave me the chance to do so.”

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