Toll Brothers, Inc. (TOL) Is “The One You Wanna Be It,” Says Jim Cramer

We recently published 11 Latest AI & Other Stocks On Jim Cramer’s Radar. Toll Brothers, Inc. (NYSE:TOL) is one of the stocks Jim Cramer recently discussed.

Toll Brothers, Inc. (NYSE:TOL) is one of the largest home-building companies in the US. Its shares have gained a modest 5.3% year-to-date as the firm continues to struggle in a high interest rate environment. Cramer’s previous comments about Toll Brothers, Inc. (NYSE:TOL) have been hopeful as he believes that it is the right stock to be in due to tax cuts for people able to buy million-dollar homes. He kept up with the optimism this time around as well:

“Toll Brothers is at nine times earnings, that’s the one you wanna be it. I think they’re doing quite well. Doug Yearley would tell you they’re doing very well.”

Toll Brothers, Inc. (TOL) Is "The One You Wanna Be It," Says Jim Cramer

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Cramer believes that Toll Brothers, Inc. (NYSE:TOL) is a great stock to have due to its clientele:

“Now that we’ve identified the distinctly counter-trend rally, one that could last for a bit of time, let’s consider what the best breed of those industries are, so maybe we can do some buying still. Housing, we’re going with Toll Brothers, which had a magnificent quarter and is so well run by Doug the Bomb Yearley that I see no reason to stray from this high-end home builder. There’s something soothing about buying a company that makes million-dollar homes when the people who can afford these homes just got an enormous tax cut.”

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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