Jim Cramer on UL Solutions: “Not Going to Tell You to Pull the Trigger on That One Right Now”

UL Solutions Inc. (NYSE:ULS) is one of the stocks Jim Cramer commented on. A caller inquired if the stock’s pullback presents a good buying opportunity or if they should take some profits. Cramer said:

“Okay, so here’s the problem with UL: that quarter was not really, when you have 40 times earnings, you can’t have a quarter that’s weaker. So we’re going to have to investigate further. I am not going to tell you to pull the trigger on that one right now.”

Jim Cramer on UL Solutions: "Not Going to Tell You to Pull the Trigger on That One Right Now"

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UL Solutions Inc. (NYSE:ULS) provides testing, inspection, certification, software, and advisory services. The company helps clients ensure safety, compliance, quality, and sustainability across several industries. In an August 2024 episode, Cramer discussed stocks with potential for growth, and UL Solutions Inc. (NYSE:ULS) was one of them. He remarked:

“Number six is UL Solutions, which helps test consumer electronics and other products. Now, this is basically a for-profit spin from a nonprofit entity, UL Standards and Engagement. Remember Underwriters Laboratories? They still control the business through a separate class of stock, but it’s a nice little business, and I’ve been impressed by CEO Jennifer Scanlon. She told a very compelling story when she came on the show. At this point, UL Solutions is the best performer in the top 10, up 96% from where it came public, up 60% from its first trade. We featured it twice. I bet it’s not done.”

Since Cramer made these comments, the company’s stock is up by 20.3%.

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