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Jim Cramer Suggests Playing With The House’s Money in Nordic American Tankers Stock

Nordic American Tankers Limited (NYSE:NAT) is one of the stocks Jim Cramer evaluated, along with the fragile food market. A caller asked Cramer what they should do with their position in the stock, and he replied:

Okay, Nordic American. I want you to cut half of it because it’s been not a great stock. And then you probably play with the rest of the house’s money and see where it goes. That’s my best advice.

A stock market data. Photo by AlphaTradeZone on Pexels

Nordic American Tankers Limited (NYSE:NAT) owns, operates, and charters a fleet of Suezmax crude oil tankers. During the March 3 episode, a caller mentioned that they were a long-term holder of the stock and asked whether they should sell it. The Mad Money host responded:

I want you to sell half right now. I want you to sell half. I actually don’t even want to talk to you. I want you to get off the phone and sell half. It’s really key. Then you can play with the house’s money because this thing has been a blight on shareholders for so long. I can’t have it hurt you.

While we acknowledge the risk and potential of NAT 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 NAT 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 

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