Jim Cramer's Advice On Capitalizing Stock Gains Amid Bull Market: 'I'm Begging You To Take Off Something'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, the CNBC host, has advised investors to take profits in stocks that have seen significant gains during the current bull market. He emphasized the importance of securing gains by selling a portion of shares in companies that have experienced a recent surge in stock prices. Cramer used Broadcom (NASDAQ:AVGO) and Affirm (NASDAQ:AFRM) as examples, noting AVGO's 20% increase and AFRM's 15% rise on Tuesday and over 400% for the year. He also mentioned Cloudflare, Inc. (NYSE:NET), advising investors to wait for a pullback after its 87% year-to-date surge.
December 20, 2023 | 7:36 am
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NEUTRAL IMPACT
Cramer recommended waiting for a pullback in Cloudflare, Inc. (NYSE:NET) stock, which had surged around 87% year-to-date.
Cramer's cautionary stance on NET may lead to a neutral short-term impact as investors might hold off on buying, awaiting a dip in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Affirm's stock, which is up over 400% for the year and rose more than 15% on Tuesday, was also mentioned by Cramer as a candidate for securing profits.
Given the substantial gains in AFRM's stock, Cramer's comments could prompt investors to sell and secure profits, potentially affecting the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Broadcom shares were recommended for partial selling by Jim Cramer after a 20% run in the past week and a half.
Cramer's influence and the recent surge in AVGO's stock price may lead to a short-term sell-off as investors look to realize gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80