Cramer Says This Financial Services Stock's 7.8% Yield Is Too High: 'It's What I Call A Red Flag, So I Ca

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Cleveland-Cliffs Inc. (NYSE:CLF) is "good, but not great. Nucor Corporation (NYSE: NUE) is the one."

Earlier this year, Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves acquired a total of 100,000 shares of CLF at an average price of $14.96. The purchase cost around $1.5 million.

Cramer said Jackson Financial Inc. (NYSE:JXN) yields 7.8% and added that, "frankly, that’s too high. It’s what I call a red flag, so I can’t touch it."

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The "Mad Money" host said QuantumScape Corporation (NYSE:QS) is a "hard pass, there’s nothing there."

Analysts have a consensus Neutral rating on QS, according to Benzinga's analyst ratings data.

Price Action: Shares of QuantumScape gained 3.6% to close at $9.87, while Jackson Financial rose 2.4% to $31.67 on Tuesday. Cleveland-Cliffs shares gained 2.6% to settle at $16.86 during the Tuesday’s session.

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CLFCleveland-Cliffs Inc

$12.68-0.31%

Overview

JXNJackson Financial Inc

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Cramer Says This Financial Services Stock's 7.8% Yield Is Too High: 'It's What I Call A Red Flag, So I Can't Touch It'