Jim Cramer on Entergy: “I Know it Can Go Higher”

Entergy Corporation (NYSE:ETR) is one of the stocks that Jim Cramer looked at. During the lightning round, a caller inquired about the company, and Cramer replied:

“Man, I’ll tell you, ETR’s had such a run. I know it can go higher, but it, I mean… you know, Meta likes it and everything. I’m going to say right here, [don’t buy, don’t buy].”

Jim Cramer on Entergy: "I Know it Can Go Higher"

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Entergy (NYSE:ETR) produces and sells electricity generated from gas, nuclear, coal, hydro, and solar sources, distributes power and natural gas, and provides decommissioning services for nuclear facilities. Cramer mentioned the stock in a March episode of Squawk on the Street. He commented:

“There’s always money to go somewhere. I think the money’s going to heavily to the American Electric Powers, the Entergys, the utilities, to the companies that have pricing power like Proctor, JNJ. And will flee the areas where it’s so hard for companies to get out of areas.”

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

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