Jim Cramer on Flex Ltd.: “I Say Buy”
Flex Ltd. (NASDAQ:FLEX) was among the stocks Jim Cramer discussed on Mad Money, highlighting several companies with market caps over a trillion dollars. Responding to a caller’s question about the stock, Cramer said:
I look at Flex, and I think, jeez, these guys are so good. This is a perfect example of what could still go up another 50% without a problem. I’m not going to fight you on it. I say buy.
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Flex Ltd. (NASDAQ:FLEX) provides manufacturing and supply chain solutions for industries including automotive, healthcare, and data centers. A caller inquired about the stock during the April 20 episode, and Cramer responded:
Oh, that thing is just a rocket ship. Again, you know, this is the problem…. it is just a monster. And everyone keeps raising the price target, raising the price target, and I begin to think, you know, it’s doing it without me. It’s doing it without me. It’s doing so many things that are great. They just bought a really terrific power company. What can I say? I just can’t recommend it here. It’s too high. It’s just too high. I don’t want to hurt people. Let it come in.
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