We recently published 12 Latest Stocks Jim Cramer Discussed. Interactive Brokers Group, Inc. (NASDAQ:IBKR) is one of the stocks Jim Cramer recently discussed.
Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an American brokerage company whose shares have gained 38.8% year-to-date. The stock has benefited from strong revenue growth fueled by rising trading. Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s shares jumped by 7.8% in July after the firm’s second quarter revenue of $1.5 billion and $0.51 EPS beat analyst estimates of $1.4 billion and $0.47. Cramer discussed the recent share price performance:
“[On recent poor share price performance] I think that people felt that maybe I want to be, maybe there’s a little more competition. Now again, when you actually try to buy these things, it’s rather extraordinary because these things are all very tricky. People just, there’s no fluidity in trying to buy things.”
Previously, Cramer commented on Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s intelligence:
“The brokerage firm that is very, very smart and very well run. And I do like brokers, particularly those that are able to let us do what we want, and that’s one of them. I say buy.”
While we acknowledge the potential of IBKR 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.
