Jim Cramer Says Don’t Be Tempted To Buy This Tech Stock Down 46%: ‘It’s Just Too Risky’

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying Booz Allen Hamilton Holding Corporation (NYSE: BAH) as the stock was

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Booz Allen Hamilton Holding Corporation (NYSE:BAH) as the stock was “down big” on Friday.

Analysts agree, a look at Benzinga data shows a consensus Buy rating on BAH shares.

When asked about Piedmont Lithium Inc (NASDAQ:PLL), he said, “I want you in something much more substantive than that.”

Cramer said Lumentum Holdings Inc (NASDAQ:LITE) is “behind the eight-ball, frankly. I just am afraid that it’s just too risky.” This stock is down 46% year to date.

Price Action: Shares of Booz Allen dropped 6.8% to close at $103.70, while Piedmont Lithium rose 3.8% to $64.28 on Friday. Lumen shares rose 2.1% to settle at $57.73 in the previous session.

Now Read: NIO To $34? Plus This Analyst Sees $245 For Becton, Dickinson and Company

Total
0
Shares
Related Posts
Read More

Statement By Glenn J. Chamandy, Former President And CEO, In Response To The Open Letter To Shareholders Issued By Gildan Activewear’s Board Of Directors; Says “The Board’s Unfortunate Actions Have Resulted In A Massive Loss Of Shareholder Value.”

Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (TSX:GIL) (NYSE:GIL) ("Gildan" or the "Company"), today issued the following statement in response to the open letter to shareholders

GIL