Jim Cramer says flood of IPOs is weighing on stock prices

cnbc2021-07-16

KEY POINTS CNBC’s Jim Cramer said that the red-hot IPO market created a challenging trading environment. “Many stocks are getting hit here because there’s not enough cash to buy all the junk that’s ...

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Comments

RuniMan
2021-07-16
RuniMan
Good and look forward to see more
Huat1333
2021-07-16
Huat1333
Always plenty reasons to justify sell , then the buy story pop up later again from nowhere......speculative....to the max. [財迷] [財迷] [財迷]
- StarGate:
  yes, here comes the money.
- Huat1333:
  that is stocks markets... [握手] [握手]
Jeremyfoo
2021-07-16
Jeremyfoo
OK
AmosGohzz
2021-07-16
AmosGohzz
Lame….
- 戒菸:
  Yes
Kwangyi
2021-07-16
Kwangyi
Like and comment
- Eddielkh:
  wow
D8999
2021-07-16
D8999
Hmmm

Leave a comment

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The speculative ones are always the first to go.”\nAs the second half of 2021 plays out, Wall Street isdigesting a long list of initial public offeringsthat came in the first six months of the year. The first half saw more than 210 IPOs raise more than $70 billion. June was the busiest single month for the IPO business in almost 21 years.\nThe IPO market has virtually detached the bond market, typically a predictor of the broader economy, from the stock market, Cramer said. If the IPO glut continues, stocks will continue to decline under their own weight, he said.\n“If we get a respite from new underwritings and the earnings continue to be good, then I remain a bull, but you’ve got to stop the new supply,” Cramer said. “Stocks are going down because people need to sell. They don’t want to lose money.”\nTheDow Jones Industrial Averageclimbed almost 54 points, or 0.15%, to close at 34,987.02 Thursday.\nTheS&P 500slid 0.3% while theNasdaq Compositedeclined for the third-straight session.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":170072270,"gmtCreate":1626397764590,"gmtModify":1703759314698,"author":{"id":"3575429532311028","authorId":"3575429532311028","name":"RuniMan","avatar":"https://static.tigerbbs.com/0aae00c36538a5840219b213e3d6c57d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575429532311028","authorIdStr":"3575429532311028"},"htmlText":"Good and look forward to see more&nbsp;","listText":"Good and look forward to see more&nbsp;","text":"Good and look forward to see more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170072270","repostId":1153964696,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170058956,"gmtCreate":1626396820575,"gmtModify":1703759284417,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3559014783889591","authorIdStr":"3559014783889591"},"htmlText":"Always plenty reasons to justify&nbsp; sell , then the buy story pop up later&nbsp;again from nowhere......speculative....to the max.&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;","listText":"Always plenty reasons to justify&nbsp; sell , then the buy story pop up later&nbsp;again from nowhere......speculative....to the max.&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;","text":"Always plenty reasons to justify sell , then the buy story pop up later again from nowhere......speculative....to the max. [財迷] [財迷] [財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170058956","repostId":1153964696,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5246672,"gmtCreate":1626496541775,"gmtModify":1663231093638,"authorId":3586990023332519,"author":{"id":3586990023332519,"idStr":"3586990023332519","authorId":3586990023332519,"name":"StarGate","avatar":"https://static.tigerbbs.com/9db084b2eae373a6cc56043329defb07","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170058956,"type":1,"supId":5234627,"prevId":0,"content":"yes, here comes the money.","text":"yes, here comes the money.","html":"yes, here comes the money."},{"id":5234627,"gmtCreate":1626396843527,"gmtModify":1663231041049,"authorId":3559014783889591,"author":{"id":3559014783889591,"idStr":"3559014783889591","authorId":3559014783889591,"name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170058956,"type":1,"supId":0,"prevId":0,"content":"that is stocks markets... [握手] [握手]","text":"that is stocks markets... [握手] [握手]","html":"that is stocks markets... [握手] [握手]"}],"langContent":"CN"},{"id":170028202,"gmtCreate":1626396503306,"gmtModify":1703759270903,"author":{"id":"3583135352686911","authorId":"3583135352686911","name":"Jeremyfoo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583135352686911","authorIdStr":"3583135352686911"},"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170028202","repostId":1153964696,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170084575,"gmtCreate":1626395858197,"gmtModify":1703759248574,"author":{"id":"3582411767688365","authorId":"3582411767688365","name":"AmosGohzz","avatar":"https://static.tigerbbs.com/ecec16112d3618e587ef14627d9f35a8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582411767688365","authorIdStr":"3582411767688365"},"htmlText":"Lame….","listText":"Lame….","text":"Lame….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170084575","repostId":1153964696,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5234496,"gmtCreate":1626396296776,"gmtModify":1663231038032,"authorId":3576898327347864,"author":{"id":3576898327347864,"idStr":"3576898327347864","authorId":3576898327347864,"name":"戒菸","avatar":"https://static.tigerbbs.com/eb29a8dd8c3b0650dcf5b4d97c070fe1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170084575,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":170080232,"gmtCreate":1626395514426,"gmtModify":1703759237554,"author":{"id":"3573598826124085","authorId":"3573598826124085","name":"Kwangyi","avatar":"https://static.tigerbbs.com/9a7a4ef272c43ee0a8163b7414d916e9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573598826124085","authorIdStr":"3573598826124085"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170080232","repostId":1153964696,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5234412,"gmtCreate":1626395887277,"gmtModify":1663231035239,"authorId":3559888727257208,"author":{"id":3559888727257208,"idStr":"3559888727257208","authorId":3559888727257208,"name":"Eddielkh","avatar":"https://static.tigerbbs.com/8f02256556ae7f7c1567be3df06b2567","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.05","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170080232,"type":1,"supId":0,"prevId":0,"content":"<u>wow</u>","text":"<u>wow</u>","html":"<u>wow</u>"}],"langContent":"EN"},{"id":170018917,"gmtCreate":1626395301739,"gmtModify":1703759227212,"author":{"id":"4088737235319000","authorId":"4088737235319000","name":"D8999","avatar":"https://community-static.tradeup.com/news/98de4d444ea3e996008604c4afda179b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088737235319000","authorIdStr":"4088737235319000"},"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170018917","repostId":1153964696,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":142,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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