On CNBC’s "Mad Money Lightning Round," Jim Cramer said he is concerned about Prudential Financial, Inc. PRU, because "when I see a stock that yields 5.5 and sells at 7 times earnings, it makes me think that something’s wrong, not something’s cheap. So let’s just be careful."
Cramer recommended buying Textron Inc. TXT as the stock is "way too cheap. I don’t understand why it’s down here."
When asked about UiPath Inc. PATH, he said, "Do not touch PATH."
Cramer said he prefers Palo Alto Networks, Inc. PANW over Fortinet, Inc. FTNT. "I think that’s [PANW] going much higher," he added.
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The "Mad Money" host recommended staying away from Diageo plc DEO. "Getting bad vibes of Diageo," he added.
When asked about Target Corporation TGT, he said, "That stock would be dramatically higher if it weren’t for stealing."
Price Action: Shares of Target fell 1.4% to close at $109.85, while Diageo gained 0.8% to $159.71 on Wednesday. Palo Alto fell 0.4% to settle at $241.08, while Fortinet gained 1.5% to close at $50.24 during Wednesday’s session. UiPath shares fell 0.6% to settle at $17.15, while Textron slipped 1.2% to $76.14 on Wednesday. Prudential Financial shares slipped 0.02% to settle at $90.69 on Wednesday.
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