Opinions Jim Cramer - Mad Money
CBRE Group IncCBREBUYJul 31, 2024
Jim Cramer - Mad MoneyStock price when the opinion was issued
As of Jun 04, 2026. Market Open.
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She just bought it. In this AI-driven sell-off, the moves are so dumb and extreme. They crushed earnings last week and are enjoying 25% cost savings from AI. They will benefit from AI.
Bryn TalkingtonHe bought it. It was one of the best stock for nearly a year to suddenly the algorithms deciding to spook everyone about real estate to trigger a sell-off. Nothing in the chart now is based on reality. He bought this morning. It's an easy trade. What is AI replacing here? Will we see empty skyscrapers? That's insane. Human beings are social animals.
The company is more attractive than its stock. Global leasing is improving really dramatically, and this company is in the midst of that improvement. Stock has moved quite nicely and now trading at about 18X earnings. They don’t pay a dividend. He would rather play this on the other side, through a REIT, and get some distributions.
Office REITs are turning around. This one has rallied nearly 30% in 3 months, the world's largest office property manager. Last week, they reported a big top and bottom line beat.