Jim Cramer Says Palo Alto Is Overvalued By This One Measurement
Jim Cramer says shares of Palo Alto Networks are overvalued if you look at absolute value.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said shares of Palo Alto Networks (PANW) - Get Report are overvalued if you look at absolute value. 'This market is addicted right now to absolute value,' Cramer said. 'That's why [investors] are buying Cummins (CMI) - Get Report , Caterpillar (CAT) - Get Report , JPMorgan Chase (JPM) - Get Report and Citigroup (C) - Get Report .'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
