Jim Cramer says Temu parent plunge is why he doesn't like China stocks

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. PDD Holdings : Shares of the Chinese online retailer plunged nearly 30% on Monday. PDD reported a revenue miss. PDD is the parent company of Temu, which has blitzed U.S. social media with ads to broaden its shopper base. "China tech stocks, I have such a problem with them," Jim Cramer said on Monday. He pointed out that the spillover from PDD to Alibaba, down 5.5%, is not right.

Kroger , Albertsons : The proposed merger between the two supermarket companies is heading to federal court on Monday. Kroger and Albertsons say they need to merge to compete with the likes of Costco , which is a holding in the CNBC Investing Club portfolio. Regulators who oppose the deal say it would reduce competition. "The FTC is going to fight tooth and nail," Cramer said, because the agency has a tough history of blessing deals like this in the past.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Jim Cramer's top 10 things to watch in the stock market MondayThe S&P 500 enters the new week of trading less than 1% away from its all-time high set in July.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer's top 10 things to watch in the stock market ThursdayCiti backs Nvidia ahead of earnings, while James Gorman is in charge of Disney's succession planning.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer's top 10 things to watch in the stock market WednesdayTJX Companies and Target reported strong earnings reports before the opening bell.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer's top 10 things to watch in the stock market TuesdayThe market has entered into overbought territory after an eight-day win streak for the S&P 500.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer's top 10 things to watch in the stock market MondayAMD is buying a company to help it rival leading AI chipmaker Nvidia. Meanwhile, the Fed's Jackson Hole symposium will be all anyone can talk about.
Fuente: CNBC - 🏆 12. / 72 Leer más »