Jim Cramer Notes Rocket Lab is “One of the Hottest Stocks in the Universe”

Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks in Jim Cramer’s spotlight. A caller inquired after Cramer’s thoughts on the stock, and he replied:

“Oh man, this is one of the hottest stocks in the universe. This is one of the stocks where, remember, I changed my mind. I said, look, if there can be an article that moves a stock up 10%, 15%, I’m going to recommend it. This Rocket Lab has been right now for the last 10 points, it’s going to continue to be right. What can I say? I say [buy, buy, buy].”

A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space.

Rocket Lab (NASDAQ:RKLB) provides launch services, spacecraft manufacturing, and orbital solutions, including small and medium-class rockets like Electron and the upcoming Neutron. In a May episode, Cramer called it a “decent story,” as he said:

“You know what, this Rocket Lab’s initially, I have to tell you because I don’t like companies that lose a lot of money, I was skeptical, but so many companies need to put up rockets. I think it’s actually a decent story, and that’s a spec that I’ve not recommended until just now.”

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