Jim Cramer Says Nu Skin Is ‘Overvalued,’ Praises ‘Fabulous’ Pure Storage

Avi Kapoor | May 14, 2024

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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Pure Storage, Inc. (NYSE:PSTG), adding that it is a “fabulous” company.

Pure Storage is expected to host a conference call on Wednesday, May 29 to discuss its financial results for the first quarter fiscal year 2025.

“Anything connected with EVs right now is a no go,” Cramer said when asked about Albemarle Corporation (NYSE:ALB).

On May 1, Albemarle reported mixed results for the first quarter.

When asked about AeroVironment, Inc. (NASDAQ:AVAV), he said, “We’ve been behind AeroVironment forever, and the reason is that they make drones that are much less expensive than the other stuff the military buys.”

On March 4, AeroVironment said third-quarter revenue increased 39% year-over-year to $186.6 million, which beat the consensus estimate of $170.625 million.

The “Mad Money” host said Nu Skin Enterprises, Inc. (NYSE:NUS) is an “overvalued” stock even at these prices.

On May 8, Nu Skin Enterprises posted weaker-than-expected quarterly results.

AllianceBernstein Holding L.P. (NYSE:AB) is a “very well-run” company, Cramer said. “Always surprised that it is as inexpensive as it is.”

On April 25, AllianceBernstein posted better-than-expected first-quarter earnings results.

When asked about MicroStrategy Incorporated (NASDAQ:MSTR), Jim Cramer said, “If you want Bitcoin, don’t buy MicroStrategy.”

On April 29, MicroStrategy reported worse-than-expected first-quarter financial results.

“These are infrastructure plays that are working because that money is starting to pour in from the federal government. That’s why that’s a winner,” Cramer said when asked about Sterling Infrastructure, Inc. (NASDAQ:STRL).

On May 6, Sterling Infrastructure reported better-than-expected first-quarter financial results.

Price Action:

  • AllianceBernstein shares rose 0.2% to settle at $32.65 on Monday.
  • Pure Storage shares fell 0.2% to close at $54.33.
  • Albemarle shares rose 1.5% to settle at $131.51 on Monday.
  • MicroStrategy shares gained 5.6% to settle at $1,245.96.
  • AeroVironment shares rose 0.4% to close at $187.28 on Monday.
  • Sterling Infrastructure shares fell 0.6% to settle at $128.08 on Monday.
  • Nu Skin shares gained 2.2% to close at $13.51.

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