Jim Cramer on Pinnacle West: “Buy Some Here and Then Buy Some a Little Bit Lower”
Pinnacle West Capital Corporation (NYSE:PNW) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. Inquiring about the stock, a caller mentioned they are looking into utilities that they think could “benefit from the data build-out.” In response, Cramer said: Pinnacle hasn’t really been a beneficiary of the data build-out, but it happens to be a really good company. So I’m not going to tell you to run from Pinnacle. Now, it has ju ...