American Electric Power (AEP)’s Stock Looks Very Much Like Intel’s, Says Jim Cramer

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. American Electric Power Company, Inc. (NASDAQ:AEP) is one of the stocks Jim Cramer recently discussed.

Cramer rarely discusses American Electric Power Company, Inc. (NASDAQ:AEP) in either his morning show or on Mad Money. He discussed the firm in April after the stock market selloff following the Liberation Day tariff announcements. American Electric Power Company, Inc. (NASDAQ:AEP) factored into the discussion back then as Cramer remarked that investors jittery of firms with international exposure could turn to those with a US exposure, such as utilities. This time, he discussed American Electric Power Company, Inc. (NASDAQ:AEP)’s share price performance:

“Take a look at American Electric Power which is, if you put up the chart of American Electric Power, AEP, you’re going to see, it’s a stock that looks very much like Intel, 1997 to 1999. I mean AEP’s one of the great performers of this period, now it’s starting to come down because people realize, well wait a second, if someone puts a cap on AEP that would be devastating.”

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Here is what Cramer said about American Electric Power Company, Inc. (NASDAQ:AEP) on April 3rd:

“There’s always money to go somewhere. I think the money’s going to heavily to the American Electric Powers, the Entergys, the utilities, to the companies that have pricing power like Proctor, JNJ. And will flee the areas where it’s so hard for companies to get out of areas.”

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Disclosure: None. This article is originally published at Insider Monkey.