Jim Cramer recently discussed Huntington Ingalls Industries, Inc. (NYSE:HII), a leading shipbuilding company in the US. The stock has surged by 82% year-to-date, with Citigroup initiating coverage and setting a $376 price target. Bernstein also raised its target to $362. Cramer highlighted HII’s strong performance and potential as an investment.

In other news, CMB Tech (CMBT) saw a 10% jump in its stock price due to its inclusion in a new index.

While HII shows promise as an investment, some AI stocks may offer higher returns with limited downside risk. For those interested in an affordable AI stock with potential benefits from Trump tariffs and onshoring, a free report on the best short-term AI stock is available.

For more stock insights, check out articles on 30 stocks that could double in 3 years and 11 hidden AI stocks to buy right now. This news was originally published on Insider Monkey.

Read more at Yahoo Finance: Huntington Ingalls (HII) is “One of the Best Stocks in the World,” Says Jim Cramer