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

Published 29/09/2022, 15:07
Updated 29/09/2022, 15:40
© Reuters.  This Stock Is 'Way Too Expensive,' Cramer Says: 'I'm Sorry, I Can't Endorse It'

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.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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