Jim Cramer on Celestica: "That's a Freight Train"

Celestica Inc. (NYSE:CLS) is one of the stocks Jim Cramer put under the spotlight. Answering a caller’s query about the stock during the episode, Cramer said:

“Did you see that stock today? Did you see how beautiful that stock acted? Holy cow. I mean… Jabil was acting not nearly as good. I think Jabil’s a good company, but Celestica, they better come on. I mean, that thing is just like a, that’s a freight train.”

Celestica Inc. (NYSE:CLS) provides manufacturing and supply chain solutions, including design, engineering, assembly, logistics, and after-market services. During the August 11 episode, when a caller inquired about the company stock, Cramer called it a “strong buy,” as he remarked:

“Oh, Celestica is red hot. I like Celestica. I like Jabil. I like Sanmina. All three of these companies are, what they do is they contract manufacturing, and in a time of tariffs, you want to be where you can build something, that you have a lower tariff, and Celestica can really help you. It is a strong buy. I’ve been trying to figure out how to recommend it on the show, and I’m so glad you called… you just gave me the chance to do so.”

While we acknowledge the potential of CLS 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.