Jim Cramer Recommends Buying Dover Corporation Stock “On the Way Down”

Dover Corporation (NYSE:DOV) is one of the stocks Jim Cramer answered questions about. A caller asked if the stock is a buy, sell, or hold, and Cramer said:

I like Dover Corp. very much. Dover Corp is, you know, look, that’s Mr. Tobin’s stock. The stock just ran up, by the way, all the way up, to $237. At that point, it was not the right thing to buy. It’s had such a run. But at $210, I think it’s for me. By the way, you can buy some at $210, and then you buy some at $200, you know, and then some at $190. I know I don’t want it to go to $190, but always be prepared with what to do, a game plan ahead, and that’s to buy Dover … on the way down.

Photo by Chris Liverani on Unsplash

Dover Corporation (NYSE:DOV) manufactures equipment, components, and software solutions for industrial, energy, imaging, and climate applications. Cramer mentioned the stock during the February 4 episode and said:

The industrials, the old-fashioned non-data center industrials, are looking like huge winners from AI, even if we don’t know yet whether they deserve it. These stocks are doing so well. Honeywell, Dover, Emerson, wowza, can they run. And in reality, all they’re really doing is catching up with the rest of the market. They’re not expensive historically versus the S&P 500, which is how you evaluate these things.

These winners are why you should be invested in individual stocks. Think of what they’ve done. They have earnings, they have dividends, they have, they’re not that expensive, at least versus tech. They are delights with buybacks. They don’t overpay the people with stock options. Plus, during earnings season, they can give you huge upside surprises, and their stocks are being rewarded this year. It’s how the stock market was meant to work.

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