USA Rare Earth, Inc. (NASDAQ: USAR ) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat . When a caller asked about the stock during the episode, Cramer said:

Well, it is up 100%, and what we’re discovering is the companies that are up between say 60 and 100% are rolling over and not going higher. I want to wait for a pullback… I think it’s too risky right here.

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USA Rare Earth, Inc. (NASDAQ:USAR) supplies rare earth elements and other critical minerals, including neodymium, dysprosium, terbium, gallium, beryllium, and lithium. A caller asked about the stock during the lightning round of February 27’s episode, and Cramer responded:

Okay, so I’m going to tell you this is a totally speculative situation. Now, in How to Make Money in Any Market, I say you can buy one of these, okay? Let that be your one. Do not betray me and buy two of them. That’ll be too dangerous.

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