Jim Cramer on Carrier: "Their Commercial Business is on Fire"

Carrier Global Corporation (NYSE:CARR) is one of the stocks Jim Cramer recently talked about. During the episode, Cramer highlighted that he likes the company. He stated:

“Speaking of housing, Carrier Global, a company I really like, reported this morning. While the heating, ventilation, air conditioning company delivered in-line sales with a solid earnings beat, and by the way, they have a good data center business, there was some surprising softness in its residential business… Now, their commercial business is on fire, alright. It does the climate control and the data center. It’s the residential division, it was surprisingly weak, but again, housing’s weak, so it’s going to be weak.”

Carrier Global Corporation (NYSE:CARR) provides climate and energy solutions through its HVAC and refrigeration products and services. During the August 26 episode, a caller asked if it was a good time to initiate a position in the stock, and Cramer replied:

“The stock’s too low. You gotta do some buying. I absolutely, totally agree with you. Hey, by the way… [at] our club meeting today… It was Boeing, and we said go with the Boeing… It was a very good call.”

While we acknowledge the potential of CARR 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.