5 Stocks You Should Not Buy According to Jim Cramer

Page 1 of 5

This article presents an overview of 5 Stocks You Should Not Buy According to Jim Cramer. For a detailed overview of such stocks, read our article, 10 Stocks You Should Not Buy According to Jim Cramer.

5. Enovix Corp (NASDAQ:ENVX)

Number of Hedge Fund Investors: 25

Enovix Corp (NASDAQ:ENVX) makes lithium-ion batteries for wearable devices. It’s one of the stocks Jim Cramer is advising investors to stay away from. In a latest program, when asked about his thoughts about the stock, Cramer said that he cannot recommend the stock because Enovix Corp (NASDAQ:ENVX) isn’t making any money.

“You’ve got to be making money in that business.”

As of the end of the fourth quarter of 2023, 25 hedge funds of the 933 funds tracked by Insider Monkey reported having stakes in Enovix Corp (NASDAQ:ENVX). The most significant stake in Enovix Corp (NASDAQ:ENVX) is owned by  Jos Shaver’s Electron Capital Partners which owns a $41 million stake in Enovix Corp (NASDAQ:ENVX).

Page 1 of 5