Jim Cramer Likes Trane Technologies 'Very Much' But Carrier is 'Undervalued Right Now'

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a "great" company, Cramer said.

The company clocked a 7.9% year-on-year revenue growth in January 2024 to NT$215.79 billion ($6.9 billion). It experienced a sales increase in January, driven by strong demand for AI chips, which helped counterbalance the ongoing decline in consumer electronics, Bloomberg reported.

Celestica recently reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and revenue guidance above estimates.

When asked about PDD Holdings Inc. (NASDAQ:PDD), he said, "I don’t want to use the term invest. I think you can trade these because I believe that the PRC [People's Republic of China] is desperate to move the stock market up including PDD."

Shares of Chinese companies listed on US stock exchanges gained recently, likely in response to news about potential stimulus measures being considered by the Chinese government.

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When asked about Comfort Systems USA (NYSE:FIX), the "Mad Money" host said, "These heating ventilation air conditioning stocks trade like they’re semiconductor stocks."

Cramer said he likes Trane Technologies (NYSE:TT) very much and Comfort Systems is good. Carrier (NYSE:CARR) is the undervalued one right now, he added.

Price Action:

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