Cramer says these profitable, newly public stocks should be on your potential buy list
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CNBC’s programming has been available for several weeks Jim CramerHas advised Wall Street Fashion Show that new public companies were losing popularity as Wall Street’s investors began to adjust to a more hawkish Federal Reserve. He has urged the people to stay away from the group.
Then, however, it was over. “Mad Money”The host stated Thursday that there will be at least some opportunities for buying due to the “indiscriminate sale” of the cohort. Cramer explained that when that happens, one should know that the market is so low that there are still a handful of companies that could be… interesting.
Cramer offered Thursday’s list of stocks investors should keep in mind. These stocks all fit the criteria below:
- Publicized in 2021 via a traditional IPO, direct list or reverse merger with a SPAC
- Projections of 2022 earnings growth and positive earnings forecasts for 2022
- Quality balance sheet
- Ratio price-earnings of less than 30
The universe of new public companies was reduced from 649 to only 61 by using this criteria. Cramer stated that he only wanted to focus on the twelve stocks he considers notable. The following is the list.
- Perella Weinberg Partners
- Dole
- Playtika
- Nexters
- Traeger
- Solo Brands
- Holley
- F45 Training
- Xponential Fitness
- Sun Country Airlines
- Open Lending
- Endeavor
Cramer stated that the recent IPOs, and SPAC stocks were still under fire. He didn’t expect this to change anytime soon. It’s not too late to begin looking for long-term investment opportunities.
Disclosure: Jim Cramer was represented by Endeavor Talent Agency.
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