Fortive Corporation (FTV) Is A "Great" Company, Says Jim Cramer

Fortive Corporation (NYSE:FTV) is one of the Jim Cramer Discusses US-China Trade War & These 10 Stocks.

Fortive Corporation (NYSE:FTV) is also an industrial products company. The firm sells testing, compliance, and measurement equipment to the industrial, automotive, healthcare, and other industries. Fortive Corporation (NYSE:FTV)’s shares have lost 6.4% year-to-date, primarily on the back of a 15.8% drop after April’s Liberation Day tariff announcements. Since then, the stock has gained 11.3% but is yet to reclaim its previous high. Over the year, Fortive Corporation (NYSE:FTV)’s shares are also down by 6%. Cramer’s comments about Fortive Corporation (NYSE:FTV) were brief as he mentioned the firm after it rang the opening bell:

“Now those are two great companies. They do well, they have a, remember this Fortive was a spin-off of Danaher.”

Mar Vista Investment Partners, LLC mentioned Fortive Corporation (NYSE:FTV) in its Q3 2024 investor letter. Here is what the fund said:

“Fortive Corporation (NYSE:FTV) was sold during the quarter for violating our investment criteria. The company had been plagued by an inability to forecast their business fundamentals, which lead to chronic under achievement of quarterly revenue and earnings expectations. The second quarter was the final earnings report within our provisional timeline for the company to cure the issues and show progress. After failing to deliver on our financial expectations, we sold the shares.”

While we acknowledge the potential of FTV 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.

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