Jim Cramer on Freeport-McMoRan: "You're Fine in the Stock"

Freeport-McMoRan Inc. (NYSE:FCX) is one of the stocks on Jim Cramer’s radar. Pointing to its large Indonesian copper and gold mine, growing copper demand, and rising gold prices, a caller asked about the company. In response, Cramer remarked:

“Yeah… look, the stock, everyone just thinks that Indonesia is going to expropriate the mine. I don’t think so. I think you’re fine in the stock.”

Freeport-McMoRan Inc. (NYSE:FCX) is a mining company that produces copper, gold, molybdenum, silver, and other metals. During the June 26 episode, Cramer mentioned the company and said:

“Then it was Freeport-McMoRan, that’s the copper miner. Copper’s been a loser for years, but periodically, the Chinese order tons of it, or we buy it in bulk for the data centers. I don’t want to own Freeport, even as copper is up 25% for the year. Freeport is a trading vehicle, and we don’t do that around here, but it certainly demonstrates the diversity of this top 10 list.”

While we acknowledge the potential of FCX 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.

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