We recently published Jim Cramer Discussed These 13 Stocks & Shared Major Warning For Rare Earth Stocks. United States Antimony Corporation (NYSE:UAMY) is one of the stocks Jim Cramer recently discussed.
United States Antimony Corporation (NYSE:UAMY) is an American rare earth metals company. The firm deals with metals such as zeolite and antimony. Its shares have gained a whopping 676% year-to-date. Like its peers, United States Antimony Corporation (NYSE:UAMY) has benefited from the trade tensions between the US and China. The tensions have seen Beijing restrict rare earth supplies, investment banks warn about its dominance in the industry, and American rare earth companies benefit from renewed investor interest. However, Cramer has taken the contrarian view as he believes that it’s time to sell United States Antimony Corporation (NYSE:UAMY)’s shares unless President Trump announces that the government is taking a stake in the firm:
Photo by Shane Cottle on Unsplash
“Yeah I mean that’s a real company but we have William Blair saying UAMY they love . . .These things are all like, unless Trump buys a stake in each of these one, you wanna sell these. You really do. . .because, why? Because, Antimony, it’s up 532% and they’re making a bid for some Australian rare earth, at six shares for one? That’s sounds like very 2000. Where they started merging, remember, cause they knew their stocks were too high.
While we acknowledge the potential of UAMY 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.
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.
