Jim Cramer on Otis Worldwide: "It's Less Hostage to the Broader Global Economy Than You'd Expect"

Otis Worldwide Corporation (NYSE:OTIS) is one of the stocks Jim Cramer recently discussed. Cramer discussed the company’s earnings during the episode, as he commented:

“Is Otis Worldwide, the top dog in the elevator business, on the rise again? When this company last reported in July, the numbers were mixed, and the stock went down 12%. I wasn’t sure if that was right. This morning, though, Otis reported again, and the numbers were a lot more constructive. They delivered a slight revenue beat with a solid 5-cent earnings beat off a dollar basis.

Management also raised their midpoint of their full-year earnings forecast, which is why the stock rallied a couple of bucks today. People forget that this company makes most of its money from service and maintenance, so it’s less hostage to the broader global economy than you’d expect. Does that mean the stock can keep climbing? I know the company sure does believe so because they bought a ton of stock.”

Otis Worldwide Corporation (NYSE:OTIS) designs, manufactures, installs, and services elevators, escalators, and moving walkways for residential, commercial, and infrastructure projects.

While we acknowledge the potential of OTIS 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.