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Cramer Gives His Opinion On AbbVie, Snowflake And More

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On CNBC's "Mad Money Lightning Round," Jim Cramer said he is OK with Seagate Technology PLC (NASDAQ: STX). He thinks it is a very inexpensive stock and it yields 5%.

Cramer thinks AbbVie Inc (NYSE: ABBV) is a buy. He said it is not doing as well as it should because of the 2023 expiration of Humira and also because there are not enough elective surgeries and people who use Botox because of the pandemic.

Cramer advised a viewer to take half of his money out of Novavax, Inc. (NASDAQ: NVAX).

Snowflake Inc (NYSE: SNOW) is a great company and it sells at 100 times sales, which makes it the most expensive stock in the market, said Cramer. Warren Buffett owns 15% and Marc Benioff owns a lot, added Cramer. He can't fight it because it is such a great company, but it is too expensive or him.

 

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