Jim Cramer on Wendy’s: “I’m Going to Say No to Owning That Stock”

The Wendy’s Company (NASDAQ:WEN) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. When a caller expressed bullishness on the stock during the lightning round, Cramer remarked:

Jeez, I don’t know. I mean, take a look at McDonald’s stock. Even McDonald’s is getting hit. This group is very, very challenged… So I’m going to say no to owning that stock.

The Wendy’s Company (NASDAQ:WEN) operates and franchises quick-service restaurants specializing in hamburgers. A caller inquired about the stock during the March 18 episode, and Cramer replied:

No, we cannot buy Wendy’s. No, it is just, it is just the wrong stock. Meanwhile, McDonald’s is down a quick 10 bucks today. I think you start buying some McDonald’s. That had a fantastic quarter.

While we acknowledge the risk and potential of WEN 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 WEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1