Jim Cramer on Vertiv: “I Hope You Have Some of These Kinds of Stocks”

Vertiv Holdings Co (NYSE:VRT) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Cramer discussed the company’s recently reported quarterly results, highlighting the market’s response to the quarter, and said:

This morning, we got a great quarter again from Vertiv Holdings, which makes crucial power and cooling equipment for the data center, of course. Yet the stock actually got dinged a little. Look, I think that was purely because it came in too hot. Even after this pullback, the stock’s up 88% year to date. I hope you have some of these kinds of stocks.

Quarter was phenomenal. Vertiv delivered a 17-cent earnings beat off a dollar basis. That’s up 83% year over year. Revenue came in higher than expected. Their operating margin expanded by a staggering 430 basis points. Even better, management raised their full year sales and earnings forecast. They’re now talking about 29 to 31% organic revenue growth this year. Problem is the stock had already made a monster move higher, but Vertiv keeps making smart acquisitions to expand its place in the data center.

A stock market data. Photo by AlphaTradeZone on Pexels

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and manages power and cooling systems for data centers and digital networks. The company also provides services to keep these systems running smoothly and efficiently.

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