Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO season

Investors should expect high-growth technology stocks to be sold off as investment funds free up cash to buy into the wave of new initial public offerings, CNBC's Jim Cramer said Wednesday.

Cramer noted that there was weakness particularly in the Nasdaq as big institutions reconsider their stock allocations with the looming Lyft IPO. "And you know what, it might not be done being lifted. I've seen [IPOs] go up another level and even expand the size of a deal. With that revised range tonight, they're planning to raise approximately $2.2 billion and that's before you count the underwriter's percentage of the greenshoe, which could add another $300 million or so to these companies' IPO haul."

After the IPO, Cramer said the largest funds may decide to load up on even more shares at the open. With IPO season underway, Cramer said he has been short-term bearish on the market and is raising money for his charitable trust, ActionAlertPlus.com

I’m pushing 20% cash ... ready for anything.

Why are the Democrats not enraged over one person one vehicle transportation?

Bullshit. Again jimcramer doesn't know what the hell he is talking about.

Crazy... Cash loser forever

Italia Ultime Notizie, Italia Notizie

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

Cramer: I'm skeptical about Lyft as a longer-term investmentJim Cramer bets Lyft's stock can work in a slow growing economy, but warns investors should be cautious with 'fresh-faced' IPOs. Hey may just be saying that so he can manipulate the stock and short it How much more innovation can you possibly achieve? Who wouldn’t be without understanding the business model in full
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Cramer: Buy Nike's pullback because the company will over deliverJim Cramer says don't sweat Nike's conservative guidance. bc Nike made in China, that's why 🤣🤣🤣
Fonte: CNBC - 🏆 12. / 72 Leggi di più »