Jim Cramer Can't See GameStop Trading At $64 Or Even $44, Warns Against Meme Stock Mania: 'Responsible Move Is To Sell, Sell, Sell'
Portfolio Pulse from Shanthi Rexaline
Jim Cramer advises against investing in meme stocks like GameStop (GME) and AMC Entertainment (AMC), citing overvaluation and potential share dilution. He suggests selling GameStop due to its inflated market cap and recommends caution with AMC due to its heavy debt burden.
May 15, 2024 | 9:38 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jim Cramer expresses concern about AMC's heavy debt burden and potential future share dilution. He advises caution and suggests selling before the stock declines.
Cramer points out AMC's significant debt and the risk of future share dilution, advising investors to sell before the stock declines.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer advises selling GameStop due to its inflated market cap and potential overvaluation. He believes the stock should not be trading at current levels.
Cramer highlights that GameStop's market cap is not justified by its revenue, suggesting the stock is overvalued. He strongly advises selling.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Jim Cramer uses Best Buy as a valuation comparison to highlight GameStop's overvaluation, noting Best Buy's higher revenue and similar market cap.
Cramer uses Best Buy's financials to illustrate GameStop's overvaluation, but does not provide a direct recommendation for Best Buy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50