Jim Cramer on IBM: “It’s Inexpensive and Arvind Krishna’s Doing a Fantastic Job”

International Business Machines Corporation (NYSE:IBM) was among Jim Cramer’s stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Asking for Cramer’s opinion, a caller inquired if they should buy, sell, or hold the stock. He replied:

I want you to buy the stock… of IBM. You buy some now and then, it’s been having these kind of panic fits, just panic attacks, you buy the rest then. I think IBM’s terrific. It’s inexpensive and Arvind Krishna’s doing a fantastic job.

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 June 4 episode, a caller asked whether the company can generate enough returns to justify its valuation. The Mad Money host responded:

Oh, okay… look, I think you raised a really interesting question. You said it was up, down, up, down. This stock is up about 80 points in like a week. I think we gotta give it a chance. I want it to come down before I can give it my seal of approval. And I like it very much, but it’s up on a spike, and you know, I don’t recommend a parabolic move… It’s hardly ever worked.

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