Jim Cramer on ServiceNow, Inc. (NOW): ‘I Say Let ‘Em Come Down And Then You Can Buy’

Insider Monkey11-19 08:45

We recently compiled a list of the Jim Cramer Talked About These 11 Stocks Recently. In this article, we are going to take a look at where ServiceNow, Inc. (NYSE:NOW) stands against the other stocks ...

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(NYSE:NOW) stands against the other stocks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jim-cramer-servicenow-inc-now-004537207.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1323610961.USD","symbol_name":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/jim-cramer-servicenow-inc-now-004537207.html","article_id":"2484951481","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6qQAzKunOl7VMJKDQCylNA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/5775cb349015718d263df9d11bfbbfa0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484951481","pubTimestamp":1731977137,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the Jim Cramer Talked About These 11 Stocks Recently.In this article, we are going to take a look at where ServiceNow, Inc.  stands against the other stocks Jim Cramer recently talked about.On Thursday, Jim Cramer, host of Mad Money, discussed the current state of the market following the election, noting that it has been marked by extreme volatility, with some sectors experiencing massive gains while others have faced significant losses. Cramer observed a recurring pattern in the market:. “When it's loved in this market, it's really loved, but when it's hated, I mean just forget about it. That's been the dynamic ever since the election.”READ ALSO Jim Cramer on Microsoft and Other Stocks and Jim Cramer’s Best Performers List: Top 10 Stocks. “We need to see the floor of the abyss, unless, of course, we’re bouncing off it already. And for the overly loved, don't look for Trump for support. He can surprise you with what concerns him. Do not get too cocky. 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(NYSE:NOW) stands against the other stocks Jim Cramer recently talked about.\nOn Thursday, Jim Cramer, host of Mad Money, discussed the current state of the market following the election, noting that it has been marked by extreme volatility, with some sectors experiencing massive gains while others have faced significant losses. Cramer observed a recurring pattern in the market:\n\n“When it's loved in this market, it's really loved, but when it's hated, I mean just forget about it. That's been the dynamic ever since the election.”\n\nREAD ALSO Jim Cramer on Microsoft and Other Stocks and Jim Cramer’s Best Performers List: Top 10 Stocks\nCramer identified certain industries that have seen notable growth, explaining that these sectors have thrived for specific reasons. However, he cautioned that investors should be wary of jumping in too quickly, as these stocks need time to cool off before they become attractive again. In particular, he mentioned how companies with subscription-based models have been seeing a lot of attention, largely because of their steady revenue streams.\nAnother sector Cramer highlighted as being in the midst of a strong rally is enterprise software. He explained that companies in this space, particularly those providing essential products to large corporations, have been soaring.\nWhile some sectors are riding high, Cramer also pointed to two areas that are currently undervalued but could see a rebound: pharmaceuticals and semiconductors. He speculated that the pharmaceutical sector has been dragged down in part due to concerns over Robert F. Kennedy Jr.'s controversial appointment as the head of the Department of Health and Human Services. However, Cramer suggested that these concerns may already be priced into the stocks.\nSimilarly, Cramer noted that semiconductor stocks have struggled. He said that the hatred comes from doubts surrounding the adoption of artificial intelligence-powered PCs. In his closing remarks, Cramer stressed that while there are plenty of stocks that are currently over-loved, many of them genuinely deserve the attention they’re receiving, but not necessarily at their current inflated prices.\nAs for sectors that seem to be in a perpetual decline, Cramer said he would be interested in buying them, but only after seeing signs that they’ve stopped falling. He added that any potential rebound will depend on greater clarity from President-elect Trump, who he believes could have a significant impact on the market, particularly with his potential to cause turbulence for many stocks.\n\n“We need to see the floor of the abyss, unless, of course, we’re bouncing off it already. And for the overly loved, don't look for Trump for support. He can surprise you with what concerns him. Do not get too cocky. Do not get too smug. It will hurt you for certain.”\n\nOur Methodology\nFor this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money on November 14 and listed the stocks in the order that Cramer mentioned them.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A team of software engineers at desks working on code for a cutting-edge cloud computing solution. \nServiceNow, Inc. (NYSE:NOW)\nCramer recently talked about ServiceNow, Inc.’s (NYSE:NOW) parabolic move and said:\n\n“Let's start with love: This market [is] once again enamored with those enterprise software stocks that are so expensive… Now these have all had parabolic moves, up double digits this month, even if they all pulled back a little bit today. If you're selling software to big business, you can do no wrong in this market… Now see, with ServiceNow, a very good company that uses artificial intelligence to help improve the enterprise workflow among many other things. ServiceNow now sells for just under 75 times earnings. I had to take it outta the Charitable Trust bullpen today at our CNBC Investing Club monthly meeting… Darn thing just went too parabolic for me again… Now, enterprise software does tend to not have much Chinese exposure, which is a positive heading into Trump's second term. How much is that worth? Not clear. At the CNBC Investing Club meeting, Jeff Marks and I talked about which companies could be helped or hurt by Trump 2.0. Enterprise software, it came out unscathed. I think that should put a premium on enterprise software stocks. But at this point, enough is enough. I say let 'em come down and then you can buy.”\n\nServiceNow (NYSE:NOW) is a leading provider of digital solutions designed to help businesses automate workflows and enhance operational efficiency across a variety of enterprise functions. According to the company, more than 85% of Fortune 500 companies rely on its platform, contributing to a customer base that exceeds 8,100 organizations worldwide.\nServiceNow (NYSE:NOW) has continued to experience strong growth. For the third quarter of fiscal 2024, the company reported total revenue of approximately $2.8 billion. Of this, more than $2.7 billion was generated from subscription-based services. This marks a 23% increase in revenue year-over-year.\nAdditionally, the company reported adjusted earnings per share of $3.72, which significantly surpassed analyst expectations. The company’s customer base has also expanded, with the number of clients generating net annual contract value (ACV) of $1 million or more rising by 14%, bringing the total to 2,020 customers with more than $1 million in ACV.\nOverall NOW ranks 2nd on our list of the stocks Jim Cramer recently talked about. While we acknowledge the potential of NOW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NOW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484951481"}