Jim Cramer Says This Is A 'Smart Consulting Company,' Calls Commercial Metals Company A Winner

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he can’t recommend Equinix, Inc. EQIX as the company’s stock is just up so much. However, Cramer said he likes it "very much."

On Feb. 14, Equinix posted better-than-expected sales for its fourth quarter. The company’s board also declared a quarterly cash dividend of $4.26 per share on its common stock.

Cramer said Signet Jewelers Limited SIG CEO Gina Drosos is doing a "remarkable job." He added, "You’ve got a winner there."

On Feb. 28, Signet Jewelers appointed Sandra Cochran to its board on Feb. 27.

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"There is going to be what’s known as a lock-up expiration where Softbank is going to be able to sell a lot of stock," Cramer said when asked about Arm Holdings plc ARM. "If you want to buy some right now and then wait for that lock-up to end."

On Feb. 20, Samsung Electronics announced a collaboration with Arm Holdings to deliver the next-generation Arm Cortex-X CPU using Samsung Foundry’s latest Gate-All-Around (GAA) process technology.

Commercial Metals Company CMC is a "winner," he said.

Commercial Metals is expected to report second-quarter earnings on March 21, 2024. Analysts expect the company to post quarterly earnings at 80 cents per share on revenue of $1.82 billion.

The "Mad Money" host said Infosys INFY is a "smart consulting company" and he likes the stock.

On Feb. 27, Infosys announced the launch of its Responsible AI Suite, a part of Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI.

When asked about Amkor AMKR, he declared, "You got a winner."

On Feb. 29, Goldman Sachs analyst Toshiya Hari initiated coverage on Amkor Tech with a Neutral rating and announced a price target of $32.

Price Action:

• Shares of Signet Jewelers fell 1.1% to close at $101.76 on Thursday.
• Equinix shares declined 0.3% to close at $888.82 on Thursday.
• Infosys shares gained 0.1% to settle at $19.96.
• Commercial Metals shares fell 0.4% to settle at $54.00 on Thursday.
• Amkor shares gained 2.2% to close at $31.02 on Thursday.
• Arm shares gained 5.4% to settle at $141.04.

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