Jim Cramer: This Stock Moved So High 'It Doesn't Make Any Money,' Plus: A 'Hard Pass' On DWAC

Zinger Key Points
  • Cramer is also taking "a major league" hard pass on DWAC.
  • "I don’t want anything having to do with payments unless it’s Visa or Mastercard," Cramer says.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Evolv Technologies Holdings, Inc. EVLV has moved so high, yet doesn’t make any money.

Cramer also mentioned Digital World Acquisition Corp. DWAC is a blank check company expected to merge with former President Donald Trump's Trump Media & Technology Group Corp.

"I’m going to have to take a major league no, hard pass on that," Cramer said.

When asked about Prospect Capital Corporation PSEC, he said, "We have no idea what prospect owns, we can’t do it. I know it’s got that big yield, but we have no idea what’s in it, we’re going to say no to that."

The "Mad Money" host said it’s time to buy RTX Corporation RTX. "I’m taking it out of the penalty box right now right here," he added.

Don’t forget to check out our premarket coverage here

When asked about Paysafe Limited PSFE, he said, “No. Payment processing, I’ve had it. Even though it’s profitable, I don’t want anything having to do with payments unless it’s Visa Inc V or Mastercard Incorporated MA.”

Price Action: Shares of Evolv fell 10.2% to close at $6.98, while Digital World Acquisition gained 1.8% to $17.03 on Wednesday. Prospect Capital shares gained 0.3% to settle at $6.25, while RTX lost 0.6% to close at $85.14 during the Wednesday’s session. Paysafe shares fell 7% to settle at $13.61 on Wednesday, while Visa and Mastercard fell 0.2% and 0.1%, respectively on Wednesday.

Now Read This: MarketWise And 2 Other Stocks Under $2 Insiders Are Buying

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsSmall CapTop StoriesMarketsMediaTrading IdeasCNBCJim Cramermad money Lightning Round
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!