Dover Corporation (DOV): 'You Just Want To Own Dover,' Says Jm Cramer
Dover Corporation (NYSE:DOV) is one of the largest industrial machinery providers in America. Cramer discussed the stock in the context of booming AI build outs in America. Dover Corporation (NYSE:DOV)'s shares are flat year-to-date as the firm has suffered from the uncertainty created by high tariffs. However, its stock has gained 4% over the pre-Liberation Day announcement high. Cramer's earlier comments about Dover Corporation (NYSE:DOV) have dismissed market worries and advised viewers to buy. Here are his recent thoughts:
'No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President's going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. . .I think that you can go back to these stocks. . .You just want to own Dover which is a stock we own for the charitable trust, besides Eaton which is there. You want to be there again, because the building is continuing and I just feel like, wow it's a pretty good time.'
A modern industrial equipment assembly line in motion.
The CNBC TV host discussed Dover Corporation (NYSE:DOV)'s share price performance in June. Here is what he said:
'I look wrong right now on Dover for the club… but I think I'm going to be right. Why? Because I think that Tobin is very smart, the CEO and the stock should never have been thrown back, 19 times earnings. It even went down when steel tariffs went on. I say enough is enough. Buy Dover right now, tomorrow morning.'
While we acknowledge the potential of DOV 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 .
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.
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