We recently published 10 Stocks On Jim Cramer’s Mind As He Gives Up On Becoming Fed Chair. SAP SE (NYSE:SAP) is one of the stocks Jim Cramer recently discussed.
SAP SE (NYSE:SAP) is the world’s largest enterprise resource planning software provider. Its shares have gained 19.5% year-to-date but dipped by 5% in July after the firm’s latest quarterly results disappointed investors on the guidance front. While SAP SE (NYSE:SAP)’s €1.50 in EPS beat analyst estimates of €1.43, not only did its €9.03 billion in revenue miss analyst estimates of €9.09 billion, but the firm also left its full-year guidance unchanged. As a result, investors doubted SAP SE (NYSE:SAP)’s strong growth prospects. Here’s what Cramer said about the firm:
“[On firm saying the clients in tariff exposed industries are being more cautious on their cloud spend] Yeah, I thought that stock would be down much more. It’s a fan favorite, people really like them and some people felt they were just being conservative. I’ve had them on a number of times, they’re a very good company.”
Pixabay/Public domain
Cramer previously discussed SAP SE (NYSE:SAP) in the context of the Trump administration’s cost-cutting efforts:
“[On how DOGE is impacting companies that provide government with services] Right, that’s the ServiceNow issue, that’s the ServiceNow issue, they have the most of the government. SAP issue. Oracle on Friday, absolutely.”
While we acknowledge the potential of SAP 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 best short-term AI stock.
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.
