News of the merger helped propel shares of Memphis-based First Horizon to a 52-week high of $17.42 this week.The new entity, under the name First Horizon, will create one of the biggest banks across the southeastern United States, with around $75 billion in assets and branches in 11 states.HubSpot, a cloud-based digital marketing company, may have posted positive earnings for its most recent quarter, but Cramer said that's.
"At the end of the day, we have a glut of cloud-based software stocks like HubSpot and that makes them all tough to own," he said. "After that quarter, who needs it? Definitely not you and your portfolio."
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