Jim Cramer Considers Parker-Hannifin a Good Stock

Parker-Hannifin Corporation (NYSE:PH) is one of the stocks that Jim Cramer shed light on. PH stock was another stock that went up more than $10 in a single session and received a comment from Cramer during the episode. He remarked:

“We saw Eaton and Parker-Hannifin. If you’re from the Midwest, these are destination places… but those are a function of strong data center orders that came from lead contractors ABB and Legrand, two European construction companies that just reported that are huge builders of these warehouses full of servers. There’s no doubt that the data center buildout is the single biggest construction boom, perhaps since World War II. You can see it if you look at Oracle every day, by the way. I like the buildout. There are many many orders coming to them. I keep telling you these stocks are good. Parker-Hannifin rose $13.”

Parker-Hannifin (NYSE:PH) designs and supplies motion and control technologies. The company provides a wide range of components and systems used in industrial, mobile, and aerospace applications. Its products include sealing solutions, pumps, valves, actuators, filtration systems, fluid conveyance technologies, braking systems, and flight control equipment.

While we acknowledge the potential of PH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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