Jim Cramer Had These 18 Stocks in This Week’s Game Plan

16. MP Materials Corp. (NYSE:MP)

Number of Hedge Fund Holders: 40

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.”

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.”