CNBC's Jim Cramer is suggesting that investors buy into Funko, the $900 million toymaker that sells pop culture-related collectibles.
"In other words, you're getting these spectacular results for free," the "Mad Money" host said."Better than free—you're literally paying less than nothing for a fabulous beat and raised quarter, one of the largest of 2019. So that's why I believe at these levels Funko the stock is a steal."There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, Cramer said.
"You need to have the prices and charts of just a half-dozen stocks that ... give you the feel and they tell you the tale of the tape in this market because the action in these names will give you a sense of when the averages are ready to turn," Cramer said."We had a lot of positive action today, believe it or not, but it may not be there yet.
But after posting strong performances in 2016 and 2017 off of an acquisition of GoToMeeting, the stock is down more than 34 percent from this point in 2018. Now CEO William Wagner is calling 2019 an investment year to set the company up for another wave of organic growth. The host is optimistic that Spravato, a treatment for severe depression, could save lives. But the news was met with jokes from cynics comparing relating it to drugs like ecstasy, he added.
EPAM Systems Inc.:"I don't know it. I gotta do work. I have not talked about EPAM Systems. We'll do the work."
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »