Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks Jim Cramer highlighted recently. Cramer noted that the stock has been “trading sideways” for a couple of months and said:
“The stock ran out of steam in July, and since then, it’s gradually come off its highs, mostly trading sideways for the past two months. This… consolidation… I know that Bob likes very much. Of course, Lang (chartist Bob Lang) points out the Rocket Lab’s still up roughly 220% from its April lows. It’s a rally that’s mainly occurred on heavy volume. This is one of those stocks that’s beloved by younger retail investors, although Lang thinks it’s starting to attract interest from big institutional money managers too.
A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels
Rocket Lab Corporation (NASDAQ:RKLB) provides launch services, spacecraft systems, and on-orbit solutions for commercial and government customers. The company develops and manufactures rockets such as Electron for small payloads and Neutron for larger missions and future human spaceflight.
While we acknowledge the potential of RKLB 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.
