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

9/29/22 10:07:01 AM ET

$ENVX

$NLY

$RADA

$STEM

Industrial Machinery/Components

Miscellaneous

Real Estate Investment Trusts

Real Estate

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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.

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Recent Analyst Ratings for
$ENVX
$NLY
$RADA
$STEM

Company	Date	Price Target	Rating	Analyst
Annaly Capital Management Inc. $NLY	10/31/2024	$21.00	Hold → Buy	Argus
Enovix Corporation $ENVX	10/31/2024		Buy → Neutral	Janney
Wolfspeed Inc. $WOLF	10/3/2024	$17.00 → $8.00	Neutral → Underperform	Mizuho
Annaly Capital Management Inc. $NLY	9/20/2024	$19.00 → $23.00	Equal Weight → Overweight	Wells Fargo
Wolfspeed Inc. $WOLF	8/22/2024	$48.00 → $28.00	Buy	Goldman
Wolfspeed Inc. $WOLF	8/22/2024	$25.00 → $15.00	Hold	TD Cowen
Stem Inc. $STEM	8/9/2024	$2.00 → $0.50	Positive → Neutral	Susquehanna
Wolfspeed Inc. $WOLF	8/7/2024	$18.00	Buy → Neutral	New Street

More analyst ratings

Wolfspeed Announces Leadership Transition
Gregg Lowe to Depart as President & CEO and as a Member of the Board of Directors Current Chairman Thomas Werner Appointed Executive Chairman Search Process Underway to Identify Permanent CEO Wolfspeed (NYSE:WOLF) today announced that its Board of Directors (the "Board") has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm. The Board has appointed Thomas Werner, Chairman of the Board, as Executive Chairman while the Board works to identify Wolfs
11/18/24 7:00:00 AM ET
$SPWR
$WOLF
Semiconductors
Technology
Annaly Capital Management, Inc. to Host Investor Day on Thursday, November 21, 2024
Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that the Company will host an Investor Day on Thursday, November 21, 2024 from 2:00 p.m. Eastern Time to 5:00 p.m. Eastern Time. The event will include presentations by Annaly's senior management that provide an update on our dedicated housing finance strategy, as well as a panel discussion on the political landscape and implications for markets and economic policy featuring Mark Zandi (Chief Economist, Moody's Analytics) and Jim Parrott (Nonresident Fellow, Urban Institute and Co-Owner of Parrot Ryan Advisors), followed by a Q&A session. "Over the last few years, we have made a number of strategic decis
11/7/24 4:15:00 PM ET
$NLY
Real Estate Investment Trusts
Real Estate
Annaly Capital Management, Inc. Announces Preferred Dividends
In accordance with the terms of Annaly's 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), the Board has declared a Series F Preferred Stock cash dividend for the fourth quarter of 2024 of $0.616143 per share of Series F Preferred Stock, which reflects a rate of 9.85828%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%. In accordance with the terms of Annaly's 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series G Preferred Stock"), the Board has declared a Series G Preferred Stock cash dividend for the fourth quarter o
11/6/24 4:15:00 PM ET
$NLY
Real Estate Investment Trusts
Real Estate

Annaly Capital Management, Inc. Announces Preferred Dividends
In accordance with the terms of Annaly's 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), the Board has declared a Series F Preferred Stock cash dividend for the fourth quarter of 2024 of $0.616143 per share of Series F Preferred Stock, which reflects a rate of 9.85828%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%. In accordance with the terms of Annaly's 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series G Preferred Stock"), the Board has declared a Series G Preferred Stock cash dividend for the fourth quarter o
11/6/24 4:15:00 PM ET
$NLY
Real Estate Investment Trusts
Real Estate
Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2025
Solidifying Capital Structure, Simplifying Business to Accelerate Profitability and Continuing to Build Core Sales Demand Executed Access to Incremental $2.5 Billion in Liquidity via CHIPS, Lenders, Tax Credits Streamlining Business to 200mm Pure Play Yielding $200 Million in Cash Savings Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the first quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2024.) Consolidated revenue of approximately $195 million, as compared to approximately $197 million Mohawk Valley Fab contributed approximately $49 million in revenue Power device design-ins
11/6/24 4:05:00 PM ET
$WOLF
Semiconductors
Technology
Stem Announces Third Quarter 2024 Results
New Strategy Implementation in Progress Increased ARR by more than $3M in 3Q, Representing +7% QoQ Growth Revising Full Year 2024 Guidance for Several Key Metrics Third Quarter 2024 Financial and Operating Highlights Financial Highlights Revenue of $29.3 million, down from $133.7 million in 3Q23. Reflects $5.6 million and $37.4 million reductions in revenue, respectively, due to revised negotiated valuations of assets under certain hardware price guarantees entered into in 2022 and 2023. Lower revenue in the quarter also reflects reduced battery hardware sales, partially offset by growth in software and services revenue1 GAAP gross profit of $6.2 million, up from $(20.3) million in
10/30/24 4:05:00 PM ET
$STEM
Industrial Machinery/Components
Miscellaneous

$ENVX
$NLY
$RADA
$STEM
Leadership Updates

Live Leadership Updates

Wolfspeed Announces Leadership Transition
Gregg Lowe to Depart as President & CEO and as a Member of the Board of Directors Current Chairman Thomas Werner Appointed Executive Chairman Search Process Underway to Identify Permanent CEO Wolfspeed (NYSE:WOLF) today announced that its Board of Directors (the "Board") has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm. The Board has appointed Thomas Werner, Chairman of the Board, as Executive Chairman while the Board works to identify Wolfs
11/18/24 7:00:00 AM ET
$SPWR
$WOLF
Semiconductors
Technology
Stem Appoints Albert Hofeldt as Chief Technology Officer
Stem's C-Suite further fortified with proven software expertise to accelerate delivery of AI-enabled software innovation Stem Inc. (NYSE:STEM), a global leader in AI-enabled clean energy software and services, today announced Albert Hofeldt, PhD as Stem's Chief Technology Officer (CTO), reporting to interim Chief Executive Officer (CEO), David Buzby, effective immediately. In his prior role as the Company's Executive Vice President (EVP) of Technology, Dr. Hofeldt has successfully led the critical responsibilities of advancing the Company's technology innovation since 2022 and will further advance Stem's delivery of AI-enabled software solutions for the clean energy market as Stem's CTO. H
10/23/24 8:30:00 AM ET
$STEM
Industrial Machinery/Components
Miscellaneous
Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
9/6/24 6:43:00 PM ET
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This Stock Is 'Way Too Expensive,' Cramer Says: 'I'm Sorry, I Can't Endorse It'

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Recent Analyst Ratings for $ENVX$NLY$RADA$STEM

$ENVX$NLY$RADA$STEM Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Stem Inc.

SEC Form SC 13G filed by Annaly Capital Management Inc.

SEC Form SC 13G filed by Wolfspeed Inc.

$ENVX$NLY$RADA$STEM Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Jackson Darren R bought $249,999 worth of shares (36,975 units at $6.76), increasing direct ownership by 75% to 85,996 units (SEC Form 4)

Chairman of the Board Werner Thomas H bought $244,785 worth of shares (37,500 units at $6.53), increasing direct ownership by 53% to 108,549 units (SEC Form 4)

Director Smith Stacy J bought $195,372 worth of shares (30,376 units at $6.43), increasing direct ownership by 132% to 53,357 units (SEC Form 4)

$ENVX$NLY$RADA$STEM Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Annaly Capital Mgmt upgraded by Argus with a new price target

Enovix downgraded by Janney

Wolfspeed downgraded by Mizuho with a new price target

$ENVX$NLY$RADA$STEM SEC Filings

Wolfspeed Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

Annaly Capital Management Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form DEFA14A filed by Wolfspeed Inc.

$ENVX$NLY$RADA$STEM Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Jackson Darren R bought $249,999 worth of shares (36,975 units at $6.76), increasing direct ownership by 75% to 85,996 units (SEC Form 4)

Chairman of the Board Werner Thomas H bought $244,785 worth of shares (37,500 units at $6.53), increasing direct ownership by 53% to 108,549 units (SEC Form 4)

Director Smith Stacy J bought $195,372 worth of shares (30,376 units at $6.43), increasing direct ownership by 132% to 53,357 units (SEC Form 4)

$ENVX$NLY$RADA$STEM Market Insights

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$ENVX$NLY$RADA$STEM Press Releases

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$ENVX$NLY$RADA$STEM Financials

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Jones Trading Maintains Buy on Annaly Capital Management, Maintains $21 Price Target

Annaly Capital Management Q2 2024 Adj EPS $0.68 Beats $0.65 Estimate, Sales $1.177B Beat $1.075B Estimate

Clean Tech Titans: Can Enovix, ChargePoint, Archer, Joby Defy The Doubters?

Wolfspeed Announces Leadership Transition

Annaly Capital Management, Inc. to Host Investor Day on Thursday, November 21, 2024

Annaly Capital Management, Inc. Announces Preferred Dividends

Annaly Capital Management, Inc. Announces Preferred Dividends

Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2025

Stem Announces Third Quarter 2024 Results

$ENVX$NLY$RADA$STEM Leadership Updates

Live Leadership Updates

Wolfspeed Announces Leadership Transition

Stem Appoints Albert Hofeldt as Chief Technology Officer

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Recent Analyst Ratings for
$ENVX
$NLY
$RADA
$STEM

$ENVX
$NLY
$RADA
$STEM
Large Ownership Changes

$ENVX
$NLY
$RADA
$STEM
Insider Trading

$ENVX
$NLY
$RADA
$STEM
Analyst Ratings

$ENVX
$NLY
$RADA
$STEM
SEC Filings

$ENVX
$NLY
$RADA
$STEM
Insider Purchases

$ENVX
$NLY
$RADA
$STEM
Market Insights

$ENVX
$NLY
$RADA
$STEM
Press Releases

$ENVX
$NLY
$RADA
$STEM
Financials

$ENVX
$NLY
$RADA
$STEM
Leadership Updates