Why Jim Cramer Warns Investors To Avoid This Stock Up Over 90% This Year

Benzinga · 09/15/2023 12:40

On CNBC’s "Mad Money Lightning Round," Jim Cramer said UiPath Inc. (NYSE:PATH) is a "decent" stock. Cramer said the company is not making money, and he doesn’t recommend stocks that don’t make money. "If they start making money, we will rethink," he added.

When asked about Kenvue Inc. (NYSE:KVUE), he said, "You know what, I like Abbott (NYSE:ABT) more than Kenvue, I want you to stick with Abbott, I think it’s good."

Cramer said he likes Essential Utilities, Inc. (NYSE:WTRG). "It’s very cheap right now," he added.

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The "Mad Money" host said he is done with Plug Power Inc. (NASDAQ:PLUG).

When asked about Roku, Inc. (NASDAQ:ROKU), he said, "Their last quarter was really great, you had a short squeeze, but the problem is they’re not making money, and on Jim Cramer’s Mad Money, we don’t recommend stocks that aren’t making money." Roku is up 91% YTD, although it has backtracked almost 6% in the past month.

Price Action: Shares of Roku fell 0.8% to close at $77.80, while Plug Power gained 6.3% to $8.73 on Thursday. Essential Utilities shares gained 0.7% to settle at $38.16, while Abbott Laboratories fell 0.1% to close at $102.65 on Thursday. Kenvue shares gained 0.7% to settle at $21.74, while UiPath fell 2.3% to close at $17.75 on Thursday.

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