Jim Cramer on Element Solutions: “I Gave the Stock My Enthusiastic Endorsement”

Element Solutions Inc (NYSE:ESI) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer highlighted the stock’s gains after his prior endorsement, as he said:

Near the end of March, I had to do some homework on a name called Element Solutions. I gave the stock my enthusiastic endorsement. Really thought it was terrific. It’s the kind of chemical company that can make fortunes as long as Iran is blockading the entire Persian Gulf or for many other reasons. Six weeks later, Element’s up a quick 34%. What a call. Last week, these guys reported a terrific beat-and-raise quarter. And even after this incredible run, with the stock up 73% year to date, it’s still trading just under 24 times this year’s earnings estimates.

Photo by Nicholas Cappello on Unsplash

Element Solutions Inc. (NYSE:ESI) is a specialty chemicals and technology company that provides assembly, circuitry, and semiconductor solutions. A caller asked for Cramer’s thoughts on the stock during the April 13 episode, and he replied:

I like it. We profiled it. We think it’s a very, very good company. We ourselves are in Qnity. That’s letter Q… But I think Element Solutions is good. That’s… Martin Franklin company.

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