Jim Cramer Flags Industrial Company With 'Almost No Revenue,' Says No To Rocket Companies
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Jim Cramer advised against investing in PureCycle Technologies due to its minimal revenue and reported a loss of 21 cents per share. He also cautioned about Energy Vault Holdings, calling it a speculative investment. Cramer recommended caution with Everspin Technologies, which has high earnings multiples despite recent positive results. He expressed skepticism about Rocket Companies, linking its potential to interest rate cuts that he believes are unlikely due to inflation pressures. Stock performances varied, with PureCycle up 1.6% and Rocket down 6.5%.
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