Jim Cramer’s 2024 Portfolio: 5 Latest Stock Picks

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This article presents an overview of the Jim Cramer’s 2024 Portfolio: 5 Latest Stock Picks. For a detailed overview of such stocks, read our article, Jim Cramer’s 2024 Portfolio: 10 Latest Stock Picks.

5. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Investors: 75

Jim Cramer is highly bullish on data center company Vertiv Holdings Co (NYSE:VRT). In a latest program Cramer said that Vertiv Holdings Co (NYSE:VRT) is “one of the great performers of our time.” Cramer said that last year the stock was one of the best performers. Vertiv Holdings Co (NYSE:VRT) shares gained about 277% over the past one year.

Vertiv Holdings Co (NYSE:VRT) on February 21 posted fourth quarter results. Adjusted EPS in the period came in at $0.56, beating estimates by $0.03. Revenue in the quarter jumped 12.7% year over year to $1.87 billion, missing estimates by $0.03.

ClearBridge Select Strategy made the following comment about Vertiv Holdings Co (NYSE:VRT) in its Q3 2023 investor letter:

“Performance was boosted in the quarter by the Strategy’s more economically-sensitive holdings among steady compounders and evolving opportunities. Vertiv Holdings Co (NYSE:VRT), a leader in power and thermal management for data centers, saw its shares rerate on strong data center demand and enthusiasm for AI-related technology. The company’s new management has kept cost inflation under control while maintaining strong orders and backlog, resulting in improved margins and its best free cash flow generation to date.”

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