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Buy this data center firm Vertiv despite its weak guidance

INBV News by INBV News
February 21, 2024
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Buy this data center firm Vertiv despite its weak guidance
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Vertiv Holdings : The info center equipment maker, whose shares have roughly quadrupled over the past yr, issued guidance that did not live as much as Wall Street’s lofty expectations. Nonetheless, the stock is now trading well off its lows of the morning. “Data center still strong. Buy,” Jim Cramer said. Teladoc Health : Shares tumbled 24% after the telehealth provider’s quarterly revenue missed estimates and offered soft guidance. “Once they began they were only guy. There’s like 40 Teladocs. Enough already. Sell,” Jim said. Bausch + Lomb : Shares jumped greater than 8% after the Canadian eye-care company delivered a better-than-expected quarter alongside an upbeat sales forecast. “First time they’ve had pipeline in a really very long time,” Jim said, noting that CEO Brent Saunders is ready to look on CNBC’s “Mad Money” later Wednesday. SolarEdge Technologies : While the solar company’s quarterly loss was smaller than anticipated, its current quarter guidance was weak, sending the stock sliding greater than 15%. “SolarEdge turned out to be just one other one line Enphase,” Jim said.

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