Jim Cramer Says UL Solutions Stock Not Ready for a Buy Now

Jim Cramer commented on UL Solutions Inc. (NYSE:ULS) stock, stating that he won't recommend buying it yet due to a weaker-than-expected quarter despite having high earnings. Cramer acknowledged the company's growth potential, but advised caution. The stock has risen 20.3% since his comments.

Title: Jim Cramer’s Caution on UL Solutions Inc. Stock Despite Strong Growth

Jim Cramer, the renowned financial commentator, recently expressed caution regarding UL Solutions Inc. (NYSE:ULS) stock despite acknowledging its growth potential. In an August 2024 episode, Cramer discussed stocks with potential for growth, including UL Solutions Inc. (NYSE:ULS), which provides testing, inspection, certification, software, and advisory services to ensure safety, compliance, quality, and sustainability across several industries.

Cramer highlighted UL Solutions’ impressive performance, noting that the company was one of the top performers in the sector, with a 96% increase from its public offering price and a 60% gain from its first trade. However, he advised against pulling the trigger on the stock immediately due to a weaker-than-expected quarter. Since these comments, the company’s stock has risen by 20.3%, indicating investor confidence in the company’s long-term prospects.

UL Solutions Inc. has recently joined the Eclipse Foundation’s Software Defined Vehicle (SDV) Working Group, contributing to the safe and secure adoption of open-source software for automotive applications. This move underscores the company’s commitment to innovation and its role in the evolving automotive sector.

While Cramer acknowledges UL Solutions’ growth potential, he believes certain AI stocks offer greater upside potential and carry less downside risk. He advises investors to consider these factors before making investment decisions.

References
1. [https://finance.yahoo.com/news/jim-cramer-ul-solutions-not-192346696.html](https://finance.yahoo.com/news/jim-cramer-ul-solutions-not-192346696.html)
2. [https://ca.finance.yahoo.com/news/jim-cramer-ul-solutions-not-192346696.html](https://ca.finance.yahoo.com/news/jim-cramer-ul-solutions-not-192346696.html)
3. [https://www.marketscreener.com/news/ul-solutions-becomes-first-testing-inspection-and-certification-company-to-join-eclipse-foundation-ce7c5edcd08cf627](https://www.marketscreener.com/news/ul-solutions-becomes-first-testing-inspection-and-certification-company-to-join-eclipse-foundation-ce7c5edcd08cf627)