Jim Cramer Says Alaska Air is Good "But as a Trading Vehicle Only"

Alaska Air Group, Inc. (NYSE:ALK) is one of the stocks Jim Cramer recently commented on. During the lightning round, a caller inquired about the stock, and here’s what Mad Money’s host had to say in response:

“Yeah, I think Alaska’s good, I think, but as a trading vehicle only. You want to buy it… [as] a trading vehicle.”

Alaska Air Group, Inc. (NYSE:ALK) provides scheduled passenger and cargo service. The company also runs a regional network for shorter-distance routes. Diamond Hill Capital stated the following regarding Alaska Air Group, Inc. (NYSE:ALK) in its second quarter 2025 investor letter:

“Despite markets’ relatively sharp bounce following April’s downward volatility, we were able to initiate several new positions in the quarter at what we consider compelling valuations: Generac Holdings, Alaska Air Group, Inc. (NYSE:ALK), Knife River Corporation, Taseko Mines, Century Communities and FTI Consulting.

Shares of regional airline Alaska Air Group were pressured meaningfully in the quarter following the tariff announcements, which raised questions among investors about the overall macroeconomic outlook. This gave us an attractive opportunity to reestablish a position in a business we know well — and which we had recently exited after it reached our estimate of intrinsic value — at a compelling valuation.”

While we acknowledge the potential of ALK 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.