Jim Cramer’s Lightning Rounds: 9 Stocks in Focus

6. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 30

Upon being asked about Rio Tinto Group (NYSE:RIO) during the lightning round, Cramer said, “Rio Tinto is really a play on the Chinese economy and I think the Chinese economy is *glass breaking buzzer sound*.”

Rio Tinto (NYSE:RIO) is involved in mining and processing a range of mineral resources, including iron ore, aluminum, and copper, while also developing projects for materials like lithium and operating related infrastructure. Over the past year, the stock has gone down more than 11%. Cramer’s opinion about the company was vastly different from today in 2023 when he remarked:

“I happen to like Rio Tinto very much. I like the mineral stocks, they’re really well-run, as Rio Tinto is, and I think the yield right now is still safe, so you’re ok.”