Jim Cramer Calls KLA Corporation “Too Risky”

KLA Corporation (NASDAQ:KLAC) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer discussed the stock during the episode, as he commented:

Then we go back to the semiconductor space. Here it is, KLA. That’s the second one, too risky. KLA and AMAT, on the way down after we’ve, well, after we’ve bought them. How about that?

A stock market graph. Photo by energepic.com

KLA Corporation (NASDAQ:KLAC) develops tools and software that help chipmakers inspect, measure, and control semiconductor manufacturing to improve quality and yields. A caller asked about the stock during the January 20 episode, and Cramer responded:

Okay, KLA is an incredibly well-run company whose stock is up gigantically. They make the semiconductor capital equipment, you need that, memory. I think that if you wanted to start a position, get this, I am blessing this, okay? The stock was down huge today. I think if you wanted to buy 100 shares, you can buy 15 to 20 shares tomorrow. I normally would not say that, except for this one was down huge. You’re not buying it at the top. That’s what matters to me.

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