Jim Cramer on American Electric Power: “One of My Favorite Utilities for Multiple Years”

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the stocks Jim Cramer recently looked at. Inquiring if their portfolio is diversified enough, a club member mentioned that their top five holdings are PM, AMZN, NVDA, AEP, and UBER. In response, Cramer said:

Okay, Uber, we know is transport. Amazon, we’re going to call it, right now, we’re going to call it retail. Stick with me. Philip Morris is tobacco. They also are anti-tobacco. It’s a really strange amalgam. American Electric Power, one of my favorite utilities for multiple years. And NVIDIA’s tech, and I knew it was going to trade. I told Jeff Marks it was going to close down. When it was up a dollar and a half today, I said, watch this, it’s going to close down. It did. It closed down badly. Okay, so we have a semiconductor, we got transport, we got retail, we have tobacco, and we have utility. Again, fantastic.

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American Electric Power Company, Inc. (NASDAQ:AEP) generates, transmits, and distributes electricity using coal, natural gas, nuclear, renewable, and other energy sources.

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