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Jim Cramer on Qnity Electronics: “I’m Very Happy to Own That One for the Trust”
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Qnity Electronics, Inc. (NYSE:Q) is included in Mad Money’s latest recap as Jim Cramer outlined his strategy for market sell-offs. Cramer mentioned the company during the episode and said: That’s a specialty chemical company that was spun out of DuPont late last year. When I covered the DuPont breakup last October, I told you I was very bullish on Qnity. And when DuPont broke itself up, we continued to own both stocks for the Charitable Trust. We’re now up 31% for the year for Qnity. I’m very happy to own that one for the trust. Stock market data. Photo by Burak The Weekender on Pexels Qnity Electronics, Inc. (NYSE:Q) provides materials and chemical solutions used in the manufacturing of semiconductors and electronic components. A caller asked Cramer whether he thought the company was a rising star during the March 25 episode. The Mad Money host replied: Yes, it is… And thank you for noticing this. This is a big club holding because it was part of the Dupont spin. And I think that it is still inexpensive at 30, 31 times earnings. You are a shrewd observer of what we’re buying and what’s going on. I think the company, which sells materials for semis, is fantastic. While we acknowledge the potential of Q 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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.