Published on 15 Jun 2022 on Insider Monkey via Yahoo Finance

Jim Cramer Recommends Selling These 10 Stocks

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In this article, we discuss the 10 stocks that Jim Cramer recommends selling. If you want to read about some more stocks that Jim Cramer recommends selling, go directly to Jim Cramer Recommends Selling These 5 Stocks.

A lot of growth investors are reeling from the aftershocks of the incredible crash in crypto markets over the past few days. Jim Cramer, the former hedge fund manager and the host of Mad Money on CNBC, has dubbed the collapse, which started on June 13, as “Crypto Monday” and warned that it might be the beginning of a “reckoning” in the digital currency market. Cramer, who has been bullish on the rise of coins like Bitcoin, and has invested his own money into the market as well, recently sold his ether holding, breaking even on the investment. 

On June 13, Bitcoin, the most popular coin, tanked by close to 17% in a single day of trading. This sent the price of the digital asset to a 66% low compared to an all-time high reached in November 2021. Since retail investors, who have become an important market force in recent years, readily come to the rescue of the coin as it loses value, Cramer has questioned whether the same will happen again in light of the present market situation. He also added that the recent plunge was a “necessary cleansing of speculation” in the cryptoverse.

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