Jim Cramer’s 11 Stock Calls Including Marvell and Trane, and Caution About Overhyped AI Stocks

7. Trane Technologies plc (NYSE:TT)

Trane Technologies plc (NYSE:TT) was among Jim Cramer’s Mad Money stock calls as he urged investors to exercise caution when it comes to red-hot AI stocks. Cramer highlighted the company’s recent quarterly earnings result, as he said:

This market is full of industrials that have caught fire because they own a piece of that great data center build-out. Take Trane Technologies, TT, the climate control company with a stock that’s up nearly 24% for the year. Now, a good part of that’s because it prevents these warehouses from overheating. A little over two weeks ago, Trane reported a healthy top and bottom line beat with its backlog up a staggering 30% year over year, commercial HVAC bookings in the Americas up 40%, applied equipment orders surging 160%. The whole business is thriving, but that data center side is really on fire, one reason why management raised their full-year forecast convincingly.

Trane Technologies plc (NYSE:TT) manufactures and services heating, ventilation, air conditioning, and refrigeration systems. The company’s business includes providing energy management solutions, building automation, and aftermarket parts.