This Tech Stock Is ‘Too Expensive,’ Cramer Says: ‘Wait For A Pullback’

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Camtek Ltd.

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Camtek Ltd. (NASDAQ:CAMT) is a “fabulous” company, but the stock is “too expensive.” He recommended waiting for a pullback.

Cramer said he dislikes Novavax, Inc. (NASDAQ:NVAX) entirely. “I’ve done so for a very, very long time, even when it was much, much higher,” he added.

When asked about Atkore Inc. (NYSE:ATKR), he said, “When I do anything involving steel, I immediately default to Nucor Corporation (NYSE:NUE). You have to do that, it’s the best in show.”

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The “Mad Money” host said he is worried about the fact that Coinbase Global, Inc. (NASDAQ:COIN) is “too expensive. Let it come in.”

When asked about EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT), he said, “The easy money has been made here. You got to find something else.”

Cramer said American Eagle Outfitters, Inc. (NYSE:AEO) is good. “It did screw up in the past, though, I say Abercrombie & Fitch Co. (NYSE:ANF) is much better,” he added.

Price Action:

  • Shares of Abercrombie & Fitch gained 1.1% to close at $77.94.
  • American Eagle rose 1.1% to $20.16 on Thursday.
  • EyePoint Pharmaceuticals gained 9.5% to $21.18.
  • Coinbase rose 1.2% to $136.19 during Thursday’s session.
  • Atkore shares gained 1.8%, while Nucor added 0.6%.
  • Novavax shares fell 0.9% to $5.53, while Camtek fell 0.7% to close at $62.15 on Thursday.

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