We recently published 13 Stocks That Crossed Jim Cramer’s Radar. Rockwell Automation, Inc. (NYSE:ROK) is one of the stocks Jim Cramer talked about.
When Jim Cramer talked about industrial automation products provider Rockwell Automation, Inc. (NYSE:ROK) in June, he wasn’t optimistic at all. The CNBC TV host noted that the company could benefit from relocating manufacturing to the U.S., adding that he still had some “scars” from previous experiences with the company. However, Cramer remained optimistic, seeing “enough good things happening” for the company. That is to say, Rockwell Automation, Inc. (NYSE:ROK) appears to be preparing for the tailwinds Cramer talked about. The company 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 stated that labor shortages meant that demand for machines would grow:
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“Okay, some sectors are doing very well. Tonight we have Rockwell, Rockwell Automation. This is what we need. We keep talking, look what Jim Lutinsky said, we need people, we need people, we need people. Everybody needs people. I think what we need is machines. Because we don’t have enough people and that’s Rockwell Automation. So I think people have to recognize that if we don’t do that, we won’t get this industrial revolution going, we won’t be able to move forward.”
While we recognize ROK’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in privileged monkey.