Jim Cramer on USA Rare Earth: “You Can Play That”

USA Rare Earth, Inc. (NASDAQ:USAR) is one of the stocks Jim Cramer put under the spotlight. A caller sought Cramer’s opinion on the stock during the lightning round, and he stated:

“Okay, now we did a piece last week on rare earth companies, and we said that they’re all speculative, but we recognize that the president, at any given moment, could take a stake. I am going to say that this fits that pattern, and we are not going to fight you to take it. Now, it’s not like I’m just saying you can buy any one of these. I am saying that there’s White House talk, Trump stake, that’s what we’re concerned about. You can play that. Remember, that’s what you’re doing. You’re not playing the earnings… You know there aren’t any.”

USA Rare Earth, Inc. (NASDAQ:USAR) focuses on mining, processing, and supplying rare earth elements and critical minerals such as neodymium, dysprosium, and lithium.

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