Jim Cramer On Lumen Technologies: Be Careful, It Has 'Run Too Much'
Avi Kapoor 11 months ago
Long IdeasTrading Ideas
Cramer recommended caution with Lumen Technologies (LUMN) as it has run too much. Unusual Machines (UMAC) is losing money, while TopBuild (BLD) has had a significant run. Cramer doesn't trust Horizon Technology (HRZN) and is not interested in Cal-Maine Foods (CALM).
On CNBC's “Mad Money Lightning Round,” on Tuesday, Jim Cramer recommended being careful with Lumen Technologies, Inc. (NYSE:LUMN) as the stock has “run too much.”
According to recent news, Lumen named Jim Fowler chief technology & product officer on Dec. 5.
Cramer recommended remaining very cautious about Unusual Machines, Inc. (NYSE:UMAC), as the company is losing significant money. “Drone technology. Highly speculative,” he added.
Jones Trading, on Dec. 1, initiated coverage on Unusual Machines with a Buy rating and announced a price target of $20.
“It's insulation, that's a good market,” Cramer said when asked about TopBuild Corp. (NYSE:BLD), “I still want to take a little off the table because it has had such a run.”
On Monday, Jefferies analyst Philip Ng maintained a Buy rating on TopBuild and raised the price target from $518 to $536.
Cramer said he doesn't trust Horizon Technology Finance Corporation (NASDAQ:HRZN) as he has no idea what they own. “I will never recommend a stock where I do not know what's under the hood,” he added.
According to recent news, Horizon Technology Finance priced its $57.50 million offering of 7.00% notes due 2028 on Dec. 11.
When asked about Cal-Maine Foods, Inc. (NASDAQ:CALM), he said, “This one is a wild trader. It has never interested me.”
Cal-Maine Foods is expected to report results for its fiscal 2026 second quarter on Wednesday, Jan. 7, 2026.
Price Action:
- Unusual Machines shares gained 2.3% to settle at $9.30 on Tuesday.
- TopBuild shares closed at $428.59 on Tuesday.
- Horizon Technology Finance shares rose 0.5% to close at $6.54.
- Lumen shares rose 0.5% to settle at $8.10.
- Cal-Maine shares fell 2.1% to close at $86.15.
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