News Formal

Cramer says Arm IPO infused ‘sidelined money' into the market, steering Wall Street away from the bears

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

CNBC’s Jim Cramer on Thursday told investors he think Arm Holdings’ initial public offering gave Wall Street a boost.

' initial public offering infused"sidelined money" into the market, giving Wall Street a boost.

"There's always so much sidelined money at all times waiting to get in, waiting for a signal that things might be better, and after 18 months of no IPOs to speak of, the multibillion dollar Arm deal was exactly what they needed," Cramer said."Suddenly all of this sidelined money comes pouring back in because the IPO market is a terrific barometer of market health."

He emphasized that Arm's IPO on its own hasn't changed market conditions, but it has changed how investors feel. Cramer explained that a multibillion dollar IPO like Arm"blots out the negatives and accentuates the positive" for investors and bankers, giving the market a"change of heart." Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 545. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Here are the 15 stocks Jim Cramer is watching, including Amazon, Nvidia, ArmHere are some of the tickers on my radar for Thursday, Sept. 14, taken directly from my reporter’s notebook.
Fonte: NBCNewYork - 🏆 270. / 63 Leggi di più »