Jim Cramer says to avoid stocks in the ‘house of pain’ Nasdaq 100 index

On Wednesday, CNBC’s Jim Cramer warned investors to avoid Nasdaq 100 stocks and highlighted the worst performing stocks in the third quarter.

“These seven biggest third-quarter losers are just representative of the house of pain the index has become. By the way, if you live in a house of pain, you should move out,” he said. .

Cramer acknowledged that there were a few stocks in the index that he still considered excellent, but argued that the index was ultimately filled with “woes and hurts”.

Here are his quick take on the index’s biggest losers:

1. Okta

Cramer said the current environment is “brutal” for the company, and he doesn’t think that will change any time soon.

2. Charter Communications

He said Tuesday that while the company is profitable, its lack of growth means its stock is going nowhere.

3. Zoom

Cramer said the company’s earnings momentum is too weak and the company’s market capitalization is too high. “You don’t pay $22 billion for a one-trick pony,” he said.

4. Match

“These guys suffer from an inability to predict, a problem that seems to plague the entire dating industry,” he said.

5. Intel

The company is likely struggling with the downturn in the personal computer market, he said.

6. Comcast

Cable companies are in trouble because the market doesn’t want to participate, Cramer said.

seven. Adobe

Cramer said that while he thinks Adobe is a “fantastic” company, the bears have no patience for software companies whose growth rates are slowing.

Disclosure: CNBC is owned by Comcast’s NBCUniversal.

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