Jim Cramer on Prologis: “I Just Don’t Feel I Need That Position”

Prologis, Inc. (NYSE:PLD) is one of the stocks in Jim Cramer’s spotlight. A caller asked if it is safe to start a long-term position in the stock, or if they should wait for a pullback. Cramer replied:

“I love Moghadam. He’s terrific. I am not as keen on the warehouse market right now. I think that there’s, I think you have too much space in it, and I don’t think they need that, they’re going to put up as many as before. But if I got a price break, if I got it down to here, I would take action. But right now, I’m not. I’ve got other stocks I like more. I don’t feel that I need to take a position in Prologis. Great company, I just don’t feel I need that position.”

Jim Cramer on Prologis: "I Just Don’t Feel I Need That Position"

A large logistic facility within the industrial real estate sector.

Prologis (NYSE:PLD) is a logistics real estate company that owns and invests in large-scale industrial properties. The company leases modern facilities to customers involved in business-to-business operations and retail or online fulfillment.

While we acknowledge the risk and potential of PLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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