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].”

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 potential of ETR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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.