Carrier Global Corporation (CARR) Delivered A Good Quarter, Says Jim Cramer

We recently published 13 Stocks That Jim Cramer Recently Talked About. Carrier Global Corporation (NYSE:CARR) is one of the stocks Jim Cramer recently discussed.

Carrier Global Corporation (NYSE:CARR) is a building products company whose shares are up by 1.3% year-to-date after a massive 14.9% drop in July after its second quarter earnings report. Even though the firm met analyst revenue and EPS estimates for the quarter, the stock fell with weakness in the US residential market and H2 guidance being potential factors. Cramer discussed Carrier Global Corporation (NYSE:CARR)’s earnings:

“Just to tell you how hard it is when you’re trying to figure out these quarters. Dave Gitlin, who has done a remarkable job at Carrier, which is a spinoff, the RTX spinoff, I thought delivered a very good quarter. Sales up 6%, earnings up 26%, aftermarket up 13%. Data center on track to double this year to one billion. Free cash flow is strong. They raised their first quarter but they kept their full year guidance unchanged. And that’s the kiss of death in this market so you see what’s happening there.”

Here’s what the CNBC TV host previously said about Carrier Global Corporation (NYSE:CARR):

“See that behind me? Carrier, that was good. . . it had Carrier a second ago. Yeah, David Gitlin did a really good job, a lot of people were doubting. Forget that, it’s the doubters are being silenced today.”

While we acknowledge the potential of CARR 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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