Jim Cramer Says Stocks Like Dover Are “Catching Up With the Rest of the Market”

Dover Corporation (NYSE:DOV) is one of the stocks Jim Cramer commented on. Cramer mentioned the company during the 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.

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Dover Corporation (NYSE:DOV) manufactures equipment, components, and software solutions for industrial, energy, imaging, and climate applications.

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