Jim Cramer Highlights That He Has Liked Elbit Systems “For a Couple of Decades”

Elbit Systems Ltd. (NASDAQ:ESLT) is one of the stocks on Jim Cramer’s radar. During the lightning round, when a caller asked about the stock, Cramer said:

“I mean, the stock is just a straight up stock, and I like it. I definitely don’t like a foreign stock defense because it’s harder to get a read on, but that company is very good. I’ve liked it actually for, for a couple of decades.”

Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels

Elbit Systems Ltd. (NASDAQ:ESLT) designs and delivers defense, homeland security, and commercial aviation technologies. The company’s solutions include airborne platforms, unmanned systems, precision munitions, C4ISR solutions, cyber intelligence, naval and electronic warfare systems, and land-based military platforms. On August 13, it declared a $0.75 per share quarterly dividend, payable by October 27 to the shareholders of record on October 14. Elbit Systems Ltd. (NASDAQ:ESLT) has a dividend yield of 0.62% as of September 8.

While we acknowledge the risk and potential of ESLT 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 ESLT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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