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This Stock Is 'Way Too Expensive,' Cramer Says: 'I'm Sorry, I Can't Endorse It'

Benzinga Real-time News · Sep 29, 2022 10:08

NLY +1.69% STEM +4.94% ENVX +0.84% WOLF -5.72%

On CNBC's "Mad Money Lightning Round," Jim Cramer said Rada Electronic Industries Ltd (NASDAQ:RADA) is "way too expensive." He added, "I'm sorry, I can't endorse it."

When asked about Stem Inc (NYSE:STEM), Cramer said, "A company that does not make a lot of money with a high stock in an era when the Fed wants to crunch inflation is not a stock you can own."

The "Mad Money" host said he is not going to recommend Annaly Capital Management Inc (NYSE:NLY).

Cramer recommended selling Enovix Corp (NASDAQ:ENVX) as it "costs too much money."

He recommended not buying Wolfspeed Inc (NYSE:WOLF) as the stock doesn't make money.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Futu Malaysia Sdn. Bhd. are affiliated companies.

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