Martin Marietta Materials, Inc. (MLM) Is One Of The Biggest Aggegates Player, Says Jim Cramer

We recently published 14 Latest Stocks on Jim Cramer’s Radar. Martin Marietta Materials, Inc. (NYSE:MLM) is one of the stocks Jim Cramer recently discussed.

Martin Marietta Materials, Inc. (NYSE:MLM) has started to frequently appear on Cramer’s morning show after he had a discussion with the firm’s CEO. Cramer believes that the company enjoys significant catalysts from the AI data center buildout happening across the US. Martin Marietta Materials, Inc. (NYSE:MLM)’s shares have gained 20% year-to-date primarily due to solid earnings performance. Cramer believes the firm is one of the biggest players in the aggregates industry:

“I mean if you listen to Howard Nye, who’s the CEO of Martin Marietta, which is only number and number two, aggregate company, they’re the biggest in the world. This is the biggest use of stone in the world.”

Previously, the CNBC TV host discussed Martin Marietta Materials, Inc. (NYSE:MLM)’s exposure to data centers:

“Look I was with a, Howard Nye the other day. He is the CEO of the largest rocket company, aggregate company, uh Martin Marietta Materials. And they’re doing a huge amount of business, they’re putting a, they’re laying it down data centers. And then he starts, I said well how about infrastructure, and he goes, [inaudible] money’s still coming. I’m thinking, get the darn money out, we don’t want to have manufacturing to be in decline in this country. That’s something that nobody wants, Democrats or Republicans, and it’s not working the way I thought it would have.”

While we acknowledge the potential of MLM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.