Tencent Music Entertainment Group (NYSE:TME) is one of the stocks Jim Cramer put under the microscope. During the lightning round, a caller inquired after Cramer’s thoughts on the stock, noting that it has gone down from $26 and change to $23. He replied:
“You know what? Look, that’s, we’ve made a lot of money in that. We’re moving on. We’re going to stick with BABA when it comes to China. That’s about it.”
Photo by Joshua Mayo on Unsplash
Tencent Music Entertainment Group (NYSE:TME) provides music streaming, karaoke, long-form audio, and live streaming services through platforms like QQ Music, Kugou, Kuwo, and WeSing. The company also generates revenue from subscriptions, advertising, digital albums, merchandise, concerts, and artist management. It is worth noting that Cramer discussed the company after its IPO in December 2018. He commented:
“The political risk is too great, even as the company has nothing to do with the tariffs… But if you think the trade talks will produce a workable agreement, then this may actually be the Chinese stock that you want to buy.”
While we acknowledge the potential of TME 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.
[SRC] https://finance.yahoo.com/news/jim-cramer-tencent-music-moving-210145379.html
