Cramer: Overvalued stocks like Pinterest, Zoom could lead to a market peak

The debuts of Pinterest and Zoom Video Communications on public markets also came with froth, which could lead to a market peak, CNBC's Jim Cramer said Thursday."The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria in the two deals that went off hot," the "Mad Money" host said.

The host said he likes the prospects that each of these companies have, but the stock prices could be running in worrisome territory. "The lack of an effective lock-up crushed buyers, and I had hoped would quell enthusiasm for further deals," Cramer said."That, however after today, is clearly not the case. So we are going to bring a whole new class of unseasoned investor[s] into this market who are gaming the IPOs and that kind of investor usually arrives after the easy money is made."

blaha blah blah. 2 weeks ago he said Lyft IPO would be the end of the bull run.

Is Cramer advocating investors to Abandon their positions in existing equities?

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock marketJim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall. Which means they’ll soon tank, given his record.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Cramer: Look to CSX earnings for your next stock playJim Cramer breaks down CSX Transportation's revenue data to discover industries and stocks that are worth making a buy.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Cramer's game plan: Overvalued IPOs can dim a positive earnings seasonJim Cramer breaks down the week ahead in earnuings and stock trading.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer saysJim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday. Trumps economy just keeps on winning and winning and winning... 🎤 drop Really stepping out on a ledge aren't you?
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »