Jim Cramer’s Best Performers List: Top 10 Stocks

1. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Cramer noted Rocket Lab USA, Inc.’s (NASDAQ:RKLB) revenue growth and its expanding satellite business.

“First: Last night was a tremendous night for wealth creation, including the outstanding gains from Rocket Lab. That’s a soup-to-nuts space company. It’s been putting up a plethora of satellites that will only grow exponentially over time. They just reported 55% revenue growth with a $1.05 billion backlog. I got asked about this one all the time in the lightning round, you know that. I’m calling it accessible because you could’ve listened to our callers and you would’ve bought it. In today’s run, that darn thing’s up over 240% for the year.”

Rocket Lab (NASDAQ:RKLB) provides launch services, spacecraft design and manufacturing, and on-orbit management solutions for the space and defense industries, including its Electron and Photon rockets, as well as developing the Neutron launch vehicle.

Its shares were up after it reported third-quarter earnings on Tuesday. It reported sales of $104.8 million, alongside a loss of $0.10 per share. Additionally, in the quarter, the company secured $55 million in new contracts for Electron launches.

Rocket Lab’s (NASDAQ:RKLB) financial outlook for the fourth quarter shows significant growth, with projected revenue between $125 million and $135 million, which would represent a substantial increase from last year’s Q4 revenue of just under $60 million. Furthermore, the company has committed to providing even more launch services through its Neutron vehicle, which is designed to cater to medium-lift needs. Although the specific customer for these future launches has not been disclosed, the agreement reflects the company’s continued expansion into larger-scale launch services.

While we acknowledge the potential of Rocket Lab USA, Inc. (NASDAQ:RKLB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RKLB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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