Jim Cramer Says "AeroVironment's Got a Terrific Story to Tell"

AeroVironment, Inc. (NASDAQ:AVAV) is one of the stocks in focus in Jim Cramer’s game plan for this week. Cramer said that the company is “worth watching,” and stated:

“Here’s one worth watching, drone maker AeoVironment, which reports Tuesday after the close. We had them on when they reported last, okay, and I loved what I heard, but I felt like I was alone. Stock was doing nothing, even when it dipped. Then AVAV, when I talked it up on Squawk on the Street, the darn thing levitated, and it never came back down… And you can see, nice move up. The defense budget’s rapidly evolving. We recognize that drones are a more efficient way to make war than other, let’s say, than how about $100 million fighter planes. Again, like Oracle, a good number could be met with profit taking, but I’m mindful that AeroVironment’s got a terrific story to tell.”

AeroVironment, Inc. (NASDAQ:AVAV) develops advanced robotic systems, uncrewed aircraft, loitering munitions, and electronic warfare solutions, along with AI, autonomy, and satellite communication technologies.

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