Jim Cramer Says Precious Metals Could Have a Rally if Freeport-McMoRan Management “Talk a Good Game”

Freeport-McMoRan Inc. (NYSE:FCX[1]) is one of the stocks in Jim Cramer's recent game plan[2]. Cramer made a note of the company's significant operations in gold during the episode, as he commented:

"Thursday, we find out if the awesome gold rally still has legs when Freeport-McMoRan reports. This company has the world's largest gold mine with the world's largest set of gold mine problems, including recent horrendous flooding in Indonesia.

But if they talk a good game, precious metal could have still another rally."

Image by Csaba Nagy from Pixabay

Freeport-McMoRan Inc. (NYSE:FCX) is a mining company producing copper, gold, molybdenum, silver, and other metals. When a caller inquired about the stock during the October 13 episode, Cramer replied:

"Yeah... look, the stock, everyone just thinks that Indonesia is going to expropriate the mine. I don't think so.

I think you're fine in the stock."

While we acknowledge the potential of FCX 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[3].

Disclosure: None.

This article is originally published at Insider Monkey[6].

References

^ FCX (finance.yahoo.com)
^ stocks in Jim Cramer's recent game plan (www.insidermonkey.com)
^ best short-term AI stock (www.insidermonkey.com)
^ 30 Stocks That Should Double in 3 Years (www.insidermonkey.com)
^ 11 Hidden AI Stocks to Buy Right Now (www.insidermonkey.com)
^ Insider Monkey (www.insidermonkey.com)