Jim Cramer Discusses Rockwell (ROK) Automation in the Context of Ongoing Industrial Revolution

We recently published 13 Stocks That Crossed Jim Cramer’s Radar. Rockwell Automation, Inc. (NYSE:ROK) is one of the stocks Jim Cramer discussed.

When Jim Cramer discussed industrial automation products provider Rockwell Automation, Inc. (NYSE:ROK) in June, he was anything but optimistic. The CNBC TV host pointed out that the firm could benefit from the reshoring of manufacturing in the US and added that he still had some “scar tissue” from previous experiences with the firm. However, Cramer kept the optimism as he saw “enough good things happening” for the firm. To wit, Rockwell Automation, Inc. (NYSE:ROK) appears to be preparing for the tailwinds that Cramer discussed. The firm announced earlier this week that it would build a new manufacturing site in Wisconsin as part of its $2 billion investment in manufacturing facilities, infrastructure, and talent. In this appearance, Cramer asserted that labor shortages meant that the demand for machines would grow:

“Okay so some sectors are doing really well. We have Rockwell on tonight, Rockwell Automation. This is what we need. We keep talking about, look at what Jim Lutinsky said, we need people, we need people, we need people. Everybody needs people. I think what you need is machines. Because we don’t have enough people and that’s Rockwell Automation. So I think people have to recognize, if we don’t, we don’t get this industrial revolution going, we cannot advance.”

While we acknowledge the potential of ROK 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.

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