Mad Money’s Latest Recap: Jim Cramer’s Strategy for Market Sell-Offs and 16 Stocks Mentioned

8. Rubrik, Inc. (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) is included in Mad Money’s latest recap as Jim Cramer outlined his strategy for market sell-offs. A caller asked for Cramer’s advice regarding their position in the stock, and mentioned that they have taken their cost basis out and are “playing with house’s money.” Cramer suggested:

Yeah, you want to hold. I mean, you want to hold… I’ll tell you what’s weird. Bipul delivered a really good quarter. There’s no doubt about it. I mean, it was a good quarter, but in this new market, that’s not enough. If a company’s not valued down 20% from where it actually started, this is down 40% now, we’re going to start thinking, you know what, it’s not down enough. And if its price to earnings multiple is higher than say 20, we’re going to say we don’t, we’re not interested. It’s become a very difficult bearish market, about to become a bear market.

Rubrik, Inc. (NYSE:RBRK) provides data security and protection solutions across cloud, enterprise, and SaaS environments. The company’s platform delivers threat analytics, cyber recovery, and data security posture management.