Jim Cramer Looked At 20 Stocks, Including NVIDIA, Walmart, and Rocket Companies

12. Axon Enterprise, Inc. (NASDAQ:AXON)

Axon Enterprise, Inc. (NASDAQ:AXON) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. When a caller mentioned that they bought stock first back in 2015 when the shares were at $34 on Cramer’s recommendation, he said:

Well, they had, you know, Axon was on today. I thought they acquitted themselves, which is why I think why the stock was up three bucks. I have been, we were very worried about Motorola competition when we met with them when we were up at Harvard Business School. I am still concerned about that, and I still think that this market does not like high multiple stocks, and Axon is a high multiple stock.

Axon Enterprise, Inc. (NASDAQ:AXON) develops and sells TASER devices, body and fleet cameras, and software solutions that help law enforcement capture, store, and manage digital evidence. A caller asked about the stock during the February 2 episode, and Cramer replied:

You know, I saw the body camera story in Minnesota. First thing I said was like, does Axon have that contract? And I don’t know the answer. I’m going to certainly find out about it. I know that the stock was up because of it, and then reversed. I want you to trim it again, alright? I want you to trim it again because it should have been up today, and it wasn’t. The fact that it erased that gain very quickly tells me it’s still too heavy a stock. Take some more off, and then you really can let the rest run. You called me on it, and I just think I should tell you that. I don’t want to say, hey, don’t worry about it. I can’t do that. It’s not acting well.