Jim Cramer on American Electric Power: "One of My Favorite Utilities for Multiple Years"

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the stocks Jim Cramer recently looked at. Inquiring if their portfolio is diversified enough, a club member mentioned that their top five holdings are PM, AMZN, NVDA, AEP, and UBER. In response, Cramer said:

Okay, Uber, we know is transport. Amazon, we’re going to call it, right now, we’re going to call it retail. Stick with me. Philip Morris is tobacco. They also are anti-tobacco. It’s a really strange amalgam. American Electric Power, one of my favorite utilities for multiple years. And NVIDIA’s tech, and I knew it was going to trade. I told Jeff Marks it was going to close down. When it was up a dollar and a half today, I said, watch this, it’s going to close down. It did. It closed down badly. Okay, so we have a semiconductor, we got transport, we got retail, we have tobacco, and we have utility. Again, fantastic.

American Electric Power Company, Inc. (NASDAQ:AEP) generates, transmits, and distributes electricity using coal, natural gas, nuclear, renewable, and other energy sources.

While we acknowledge the potential of AEP 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.

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.