Since Russia’s attack on Ukraine, Jim Cramer has lamented the stock market’s massive selloff. According to Cramer, given Putin’s “unhinged” behavior and Russia’s nuclear status, the United States is holding off on a strong response. In early trading on Monday, the S&P 500, Dow Jones, and Nasdaq all fell over 1 percent to session lows. Investors are wary of the U.S. economy as the Ukraine conflict rages on and oil reaches new highs.
Insider Monkey highlights 10 stocks that Jim Cramer recommends to sell. Even though Allbirds, Inc. reported a strong earnings report, its stock fell as much as 9% last month. In Cramer’s opinion, “too many naive investors” began buying this stock “without any regard for the price simply because they liked the brand.” Over the last 30 days, DigitalBridge Group, Inc. has lost about 5% of its value. Cell towers, data centers, fiber, small cells, and connectivity infrastructure are some of the company’s investments. In Jim Cramer’s words, “in any way, shape, or form,” he will not support the tower business. NIO Inc. has been on Cramer’s sell list for some time, and the Mad Money stock screener shows that he still believes the Chinese electric vehicle company is undervalued. According to Cramer in January, “any of the Chinese stocks” would not be recommended by him. Adjusted earnings per share for Progress Software Corporation were $0.92 in the final three months of 2012. Revenue grew 8.6% to $140.1 million in the period. To Jim Cramer, there are “so many” software companies out there. Earnings at Rent-A-Center, Inc. fell short of analysts’ expectations in the fourth quarter. The stock has a Sell recommendation from Jim Cramer. At the end of the fourth quarter, the stock was in the portfolios of 24 hedge funds, down from 28 in the previous quarter. For more details, click 10 Stocks That Jim Cramer Recommends To Sell.