Rocket Lab Corporation (NASDAQ:RKLB) is one of the shares Jim Cramer recently answered questions about. One caller referred to Cramer’s teachings on speculating wisely and mentioned his belief that RKLB stock has great potential. Cramer responded:
“Okay, look, I have to tell you that I think this stock is very, you know, look, as these stocks go, I’m not going to say it’s cheap because it’s a spec. But as specs go, I like it at these prices. How about that? I think that’s a fair way to put it.”
Rocket Lab Corporation (NASDAQ:RKLB) provides launch services, spacecraft design and manufacturing, and in-orbit management solutions. It develops small and medium class rockets, including electron and neutron launch vehicles. During the October 31 episode, a caller highlighted the stock as a speculative option in his portfolio and Cramer responded:
“Alright, I’m glad you said it’s a stock spec because otherwise I wouldn’t support it. I think it’s a good spec, but it loses a lot of money. You have to keep in mind that who knows where it may ultimately end up.”
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Disclosure: None. This article was originally published in Internal jumpsuit.