Thermo Fisher Scientific Inc. (TMO) Has Finally Got It Together, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About As He Said Everyone Won From Trump’s Japan Deal. Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the stocks Jim Cramer recently discussed.

Thermo Fisher Scientific Inc. (NYSE:TMO) is an American firm that provides equipment to the healthcare and pharmaceutical industries. Its shares have lost 7.5% year-to-date, but would have been down by 22.5% were it not for a massive 19.3% gain in July. Thermo Fisher Scientific Inc. (NYSE:TMO)’s shares soared after the firm raised the lower end of its annual profit per share guidance to $22.22 from $21.76. Cramer praised the firm’s earnings report, which included the guidance raise:

“I’m thinking more about Thermo Fisher. And how they finally got it together. Just a gigantic quarter. No longer worried about China. . .But Thermo Fisher is the one that. .Thermo Fisher had also been weak. Congratulations to those guys. They’re the first ones to come out of the China conundrum. And the China conundrum is, look we can’t, they’re not buying our stuff. It’s just not any good. They can’t get the orders. . .Looks like Thermo Fisher is now past it. Congratulations to Marc Casper, because he’s a terrific CEO and it happened. And I think this is the beginning of a big move.”

Previously, the CNBC TV host commented on Thermo Fisher Scientific Inc. (NYSE:TMO)’s business and its CEO:

“This stock is unbelievable. It was a, it’s a great company. Marc Casper does a terrific job, but we own Danaher for the Charitable Trust, and it’s as bad as Thermo Fisher. I am urging you to not buy it till we see a pickup in Chinese orders. I know that seems strange, but this stock has crushed a lot of people. It does seem like it’s bottoming, but I am not going to push it because it’s related to China, and anything related to China is bearish.”

While we acknowledge the potential of TMO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.