Jim Cramer on Cameco: “You Can Own That Stock”

Cameco Corporation (NYSE:CCJ) is one of the stocks on Jim Cramer’s radar recently. Answering a caller’s question about the stock during the lightning round, Cramer said:

“No, Cameco is not speculative, that’s right. It’s just a business, a very good business, and it’s done quite well. And I’m not putting that in that camp of no earnings. Nothing on the balance sheet, no. They’re a good company, and you’re absolutely right, you can own that stock.”

A stock market data. Photo by Alesia Kozik on Pexels

Cameco Corporation (NYSE:CCJ) supplies uranium and nuclear fuel products used in electricity generation. In addition, the company provides reactor technology, engineering support, maintenance services, and components for nuclear power plants. A caller inquired about the stock during the July 17 episode, and Cramer responded:

“I like CCJ. It’s one of the stocks, it’s one of those, along with Oklo and the small form reactors too. I just think that this is a winner. What am I going to say? I am pro-nuke, and I think people should be in them.”

While we acknowledge the risk and potential of CCJ 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 CCJ 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.