Jim Cramer on EchoStar: “Not My Expertise”

EchoStar Corporation (NASDAQ:SATS) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. When a caller inquired about the stock during the lightning round, Cramer remarked:

Not my expertise. That happens to be my partner, David Faber. I’m not going to speculate on something that I am not as good at as David.

EchoStar Corporation (NASDAQ:SATS) provides networking technologies and communications services, including satellite television, streaming video, wireless connectivity, broadband access, and 5G infrastructure. During the April 6 episode, a caller asked Cramer if the company was a suitable proxy for SpaceX. The Mad Money host responded:

I gotta tell you, I think it is. It’s moved so much, but I still think it is a great proxy, and I’m going to hand it to you for actually even thinking it through.

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

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1