Jim Cramer on DigitalBridge Group: “It’s Not the Right Stock for This Moment”

DigitalBridge Group, Inc. (NYSE:DBRG) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller asked if the stock is a buy, sell, or hold. In response, Cramer said:

“Alright, that’s data centers, and it’s cell towers. It’s all the stuff that I’m saying right now, I’m going to say… I’m going to say pass. Let’s just take a pass right now. It’s not the right stock for this moment.”

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DigitalBridge Group, Inc. (NYSE:DBRG) is an alternative asset manager that invests in digital infrastructure, including data centers, cell towers, fiber networks, small cells, and edge technologies. A caller inquired about the stock during the July 8 episode, and Cramer responded:

“I’ve studied this company for a very long time, and I have to conclude that it’s just expensive, okay, and I don’t want you in it… I love that you’ve been watching for that long, but I cannot recommend DigitalBridge. I am sorry.”

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Disclosure: None. This article is originally published at Insider Monkey.