Jim Cramer Believes MP Materials Report Will be “Positive”

MP Materials Corp. (NYSE:MP) is one of the stocks in Jim Cramer’s game plan for this week. Cramer discussed the stock during the episode and said:

“Thursday night, we’ll find out more about the deal that the US government made with MP Materials, that’s that rare earth minerals company, as it reports. There’s plenty more to learn, and I think it’ll all be positive because the White House doesn’t want it to be hostage to China for these important materials. Don’t forget, Apple’s in there too, buying recycled minerals. We went to see Wynn Resorts earlier this year, and I thought the story was a great one.”

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MP Materials (NYSE:MP) produces rare earth materials and magnetic products, operating a major mining and processing facility and manufacturing magnetic precursors. When a caller asked about the future of the stock during the July 23 episode, Cramer replied:

“But they’ve got tons of EBITDA. No, look, I mean, the stock has moved to 61. Now, I have done more work on it, and I really think that I was a little, you know, I wasn’t negative, but I think there’s even more upside, and I think you’re onto something really big.”

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