Cramer Says 'Hot Money' Flowing From Nvidia, Apple Into China, Focus On Alibaba 'If You Must'
Portfolio Pulse from Surbhi Jain
Jim Cramer advises investors to let 'hot money' flow out of Nvidia and Apple, suggesting potential short-term declines due to high valuations and post-iPhone slump. He recommends considering Alibaba for those looking at Chinese markets, citing its solid fundamentals despite regulatory challenges.
October 02, 2024 | 1:11 pm
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POSITIVE IMPACT
Cramer recommends Alibaba for its solid fundamentals despite regulatory challenges, as 'hot money' flows into China.
Cramer suggests Alibaba as a potential investment due to its solid fundamentals, despite regulatory challenges, as money flows into China.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cramer indicates a potential short-term decline for Apple due to a post-iPhone slump, advising investors to let 'hot money' flow out.
Cramer points to Apple's post-iPhone slump as a reason for potential short-term declines, advising investors to let money flow out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Jim Cramer suggests that Nvidia's high valuations may lead to short-term declines as 'hot money' flows out. Investors might consider shorting options or ETFs.
Cramer highlights Nvidia's high valuations as a reason for potential short-term declines, suggesting investors consider shorting options or ETFs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90