Jim Cramer Says Buy Carpenter Technology, Calls This IT Services Stock a 'Value Trap'

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Carpenter Technology (NYSE:CRS).

As per recent news, Carpenter Technology announced on Wednesday a $1 billion buyback program and declared a quarterly cash dividend of 20 cents per share.

DXC Technology Company (NYSE:DXC) is a “value trap,” Cramer said.

DXC Technology, on July 30, reported mixed results for the second quarter. The company’s quarterly earnings were 40 cents per share, which missed the analyst consensus estimate of 41 cents per share. The company reported quarterly sales of $2.999 billion, which beat the analyst consensus estimate of $2.985 billion.

“If you want to speculate, then I bless it,” Cramer said when asked about Senseonics Holdings, Inc. (NASDAQ:SENS).

On the earnings front, Senseonics Holdings, on Aug. 6, posted upbeat second-quarter sales and raised its FY2026 forecast.

Cramer said he doesn’t know what’s driving Ubiquiti Inc. (NYSE:UI) right now.

Ubiquiti reported worse-than-expected third-quarter financial results on May 8.

Hess Midstream LP (NYSE:HESM) is a “winner,” Cramer said.

Lending support to his choice, Hess Midstream, on Aug. 3, posted better-than-expected quarterly results.

When asked about Zeta Global Holdings Corp. (NYSE:ZETA), he said, “This is one of these cloud-driven platforms. There’s so many. I don’t know how to distinguish this from other stocks, so I can’t give you a considered opinion on it because there’s just too many of them for me.”

As per recent news, Zeta Global announced on Aug. 6 that Leah Pope will join the company as chief marketing officer.

Cramer said UL Solutions Inc. (NYSE:ULS) has come down a lot and it is a very good company. “I don’t know why the stock’s going down because it’s had a very good year. So, I think it’s kind of interesting and might be a buy,” he added.

UL Solutions, on Aug. 4, posted better-than-expected earnings and sales results for the second quarter.

“I don’t care for Coupang (NYSE:CPNG). Not here. Not now. I’d rather buy MercadoLibre (NASDAQ:MELI), but first of course I’d like to buy Amazon (NASDAQ:AMZN)," Cramer said.

Coupang, on Aug. 4, reported second-quarter financial results that were worse than expected.

Price Action:

• DXC Technology shares gained 4.9% to settle at $11.20 on Thursday.
• Ubiquiti shares rose 0.9% to close at $583.00 during the session.
• Hess Midstream fell 0.8% to settle at $39.78 on Thursday.
• Zeta Global shares gained 3.8% to close at $29.62.
• UL Solutions shares gained 0.2% to settle at $76.81 on Thursday.
• Senseonics Holdings shares fell 2.5% to settle at $7.73.
• Coupang shares fell 0.2% to close at $16.29.
• Carpenter Technology shares gained 1.3% to settle at $535.57.

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