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Jim Cramer on Edison International: 'I Personally Wouldn't Take That Bet.'
Edison International (NYSE:EIX) is one of the stocks listed in our article, Jim Cramer recently discussed these 10 S&P 500 stocks. The company was the last of the worst S&P 500 performers in the first half of the year, and Cramer said:
'Finally, the fifth worst performer… of the first half was Edison International, that's a regulated electric utility in southern California, with the stock that was down 35%. This year began with those horrific LA wildfires, which took place in the company's service area. But that's not what truly crushed the stock. California utilities have all proven to be bad investments this year… What's the issue in California? Proposed regulations that were originally aimed at addressing affordability, but somehow morphed into a major regulatory overhaul.
A wide aerial view of an electric power transmission facility with lines, substations, and overhead wires.
Edison International (NYSE:EIX) produces and delivers electricity throughout Southern California. The company serves residential, commercial, industrial, and agricultural customers.
While we acknowledge the potential of EIX 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
