Jim Cramer Considers MP Materials as One of the Stocks with “Tremendous Stories to Tell”

MP Materials Corp. (NYSE:MP) is one of the stocks Jim Cramer had in this week’s game plan. Cramer called it one of the “good ones,” as he remarked:

“We got a couple real good ones lumped in here today. We got Affirm for buy now, pay later, Sandisk for tech storage, and MP Materials for rare earth materials. All three have had, they’ve had tremendous stories to tell for a while now. Although Sandisk has had a huge and now parabolic run, and I, you know, I don’t like to recommend the ones that are in parabola mode.”

Stock market data. Photo by Alesia Kozik on Pexels

MP Materials Corp. (NYSE:MP) produces rare earth materials and magnetic precursor products through its mining and processing operations. During the September 11 episode, a caller mentioned that they hold shares of the company on margin and asked Cramer’s opinion, and he replied:

“Okay, first, I want you to do well. I want you to get off margin. MP Materials, I don’t want you to buy more with margin. I like, I think the stock, the company has convinced me, Litinsky has convinced, the CEO, that it is worth more than it’s selling for. I had been a little bit worried because it had doubled. I think you’re fine, but don’t, please don’t buy anymore. You’re fine with what you have.”

While we acknowledge the risk and potential of MP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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