Stock Market Today With Jim Cramer: A Frothy Cannabis Sector

Stocks fluctuated Friday after the S&P 500 and Nasdaq closed at record highs in the previous session and ahead of a three-day weekend due to Presidents Day Monday.

TheStreet’s Katherine Ross and Jim Cramer discussed breaking news in the stock market. Cramer spoke about Bumble, PayPal and markets on Friday.

Bumble: Buy Or Sell?

Shares of the dating app Bumble  (BMBL) – Get Report rose sharply Friday after making a stellar market debut Thursday on the Nasdaq.

The stock surged more than 63% to close at $70.31 on Thursday. Its initial public offering was priced Wednesday at $43 a share.

Cramer said Bumble is the quintessential growth stock for young investors because it’s a kinder, gentler app model where women make the first move.

PayPal: Buy Or Sell?

PayPal  (PYPL) – Get Report rose Friday as analysts reacted favorably to PayPal’s commentary in its investor, analyst day on Thursday.

Cramer said PayPal is customer-centric and have the best of the online traditionalist teaching about cryptocurrency. “Their CFO told me because crypto has been so erratic it may not be a correct application for cash management.”

Source link

About the Author: admin

You might like

Leave a Reply