Vertiv Holdings Co (NYSE: VRT) is poised to announce its fourth-quarter results on February 21, 2024, and expectations are high. Analysts predict the company will report earnings of 53 cents per share, a significant increase from 28 cents per share in the same period last year. Additionally, revenue is projected to reach $1.88 billion, up from $1.65 billion in the year-earlier quarter.
Jim Cramer, host of CNBC’s Mad Money, expressed his admiration for Vertiv, calling it one of the great performers of our time. With the upcoming earnings report, investors are eagerly awaiting the results.
Another company that Cramer recommended is General Dynamics Corporation (NYSE: GD). He praised the CEO and encouraged investors to stick with the stock. General Dynamics recently surpassed expectations with fourth-quarter sales, experiencing a 7.5% year-over-year revenue growth to $11.67 billion.
However, when it comes to C3.ai, Inc. (NYSE: AI), Cramer expressed reservations. Although he likes the CEO, Tom Siebel, he highlighted the lack of earnings as a deterrent. C3.ai is scheduled to host its annual AI conference, C3 Transform 2024, from March 5 to March 7, focusing on the productivity and efficiency benefits of generative AI.
Altimmune, Inc. (NASDAQ: ALT) caught Cramer’s attention as a speculative investment. Goldman Sachs analyst Corinne Jenkins recently assigned a Neutral rating to Altimmune with a $13 price target.
On the other hand, Cramer recommended buying shares of Affirm Holdings, Inc. (NASDAQ: AFRM), describing it as a winner. Affirm reported strong fiscal second-quarter revenue, with a 48% year-over-year increase to $591.1 million, surpassing analyst estimates. However, the company did report a loss of 54 cents per share, which was better than expected.
Darling Ingredients Inc. (NYSE: DAR) grabbed Cramer’s interest as a really interesting company, though the stock has been on a downward trajectory. Citi analyst Thomas Palmer initiated coverage on Darling Ingredients with a Neutral rating and a price target of $49.
As investors consider their options, these recommendations and insights from Jim Cramer provide valuable perspective. The upcoming earnings reports and industry events will help shape the market’s perception of these companies, influencing investment decisions moving forward.
