Jim Cramer Considers Jabil One of His Favorites

Jabil Inc. (NYSE:JBL) is one of the stocks Jim Cramer put under the microscope. Cramer called it one of his favorites, as he commented:

“Right now, we’ve got a quiet bull market in what’s called contract manufacturers, although they do far more than that, the companies that provide outsourced manufacturing for all sorts of industries. Take Jabil, one of my favorites, which does manufacturing for everything from healthcare to autos to electronics and equipment that goes into the data center. This company’s been putting up excellent numbers, including last Thursday when Jabil reported a blowout quarter with better-than-expected guidance for the current quarter. Bizarrely, the stock actually sold off in response. This has been happening quite a few times lately, losing almost 7% of its value in a single session, although since then, it’s recouped about a third of those losses. Now, some of that might be because Jabil’s revenue guidance seemed a little conservative. I think a lot of it’s just profit taking in a traditionally quiet company that’s seen its shares explode higher deservedly over the past year.”

Photo by Adam Nowakowski on Unsplash Jabil Inc. (NYSE:JBL) delivers manufacturing, design, and product management services, including electronics design, prototyping, and system assembly. The company supports industries such as healthcare, automotive, cloud, mobility, and packaging with end-to-end production and engineering solutions. While we acknowledge the potential of JBL 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. 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.