MP Materials (MP)

[winston]

not vested

MP Materials Corp. (NYSE:MP)
Number of Hedge Fund Holders: 29

MP Materials Corp. (NYSE:MP) is one of the 14 stocks Jim Cramer recently shared insights on. During the lightning round, a caller asked for Cramer’s outlook on the company. Cramer commented:

“Okay, I’ve always liked MP. It’s just very recently [that] people realized that it’s got great rare earth potential. Litinsky’s done a good job. It keeps losing money, that’s unacceptable, but you can own the stock.”

MP Materials (NYSE:MP) specializes in the production of rare earth materials and magnetic products, managing mining and processing operations.

The company also manufactures magnetic precursors. During the April 9 episode of Mad Money, a caller inquired about the company, and Cramer replied:

“Okay… used to come on our program all the time, James Litinsky, and it’s had a good run.

It’s moved up all the way from the bottom, but it used to be much, much higher.

My take is this: I think that the rare earth specialty materials are going to do well under Trump and I like Litinsky.

I think he’s the real deal, but boy, they keep losing money. This is the year that they either make money or I go against them. Period. End of story.”

Source: Insider Monkey