'The auto industry just isn't a bedrock part of this economy anymore, and very few companies saw this coming,' Jim Cramer says.
"As we approach the eve of the Uber IPO, keep in mind that the auto industry just isn't a bedrock part of this economy anywhere around the globe anymore," CNBC's Jim Cramer says.
"I think it's actually a cyclical decline on top of a secular decline, meaning the whole sector's being gutted by longer-term issues that just aren't going away," the "Mad Money" host says. "Uber is sign that we've entered the twilight of car ownership, and perhaps even the idea of ownership in general," he says.
Uber is going public soon and few companies are prepared for the onslaught that ride-hailing services will have on the autos and autos-related sectors.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
CNBC’s Jim Cramer has a new nickname for Tesla’s ‘annoying’ Elon Musk“I just keep finding it’s a three-ring circus with the guy. It’s kind of annoying but he’s exciting,” the “Mad Money” host says. “He’s P.T. Barnum. Barnum...
Leer más »
Cramer: Elon Musk is the P.T. Barnum of our time — call him 'P.T. Musk''I just keep finding it's a three-ring circus with the guy. It's kind of annoying but he's exciting,' says CNBC's Jim Cramer.
Leer más »
Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs'Days like today remind us that short-sellers can serve as rocket fuel for a bull market,' Jim Cramer says.
Leer más »
Cramer Remix: Stick with this beverage stock for the long-termJim Cramer explains why investors should stick with PepsiCo for the long-term, especially after the company's blowout quarter.
Leer más »
Cramer Remix: Stocks are bearing the fruits of fear this earnings seasonJim Cramer dishes on how low expectations have set the scene for positive first-quarter earnings.
Leer más »
Cramer predicts Facebook soon gets back to all-time highs — over 10% above current levelsFacebook is going to take out $218 per share, CNBC's Jim Cramer says. The stock hit that all-time high last summer.
Leer más »
Cramer breaks down the 7 reasons why Chipotle is making a comebackJim Cramer says Chipotle CEO Brian Niccol gave a blueprint on how to succeed in retail in the company's earnings call Wednesday.
Leer más »
Cramer Remix: I think the stock market's biggest risk right now is the current IPO cycleJim Cramer says the barrage of IPOs flooding the market are looking frothy, adding that it could be a sign of irrational exuberance.
Leer más »
Cramer: 'I just don't want to start hearing' about Fed rate hikes after that great GDP data'There's some good things happening in the economy,' CNBC's Jim Cramer says.
Leer más »
Cramer's lightning round: This stock can benefit from Intel's pullbackJim Cramer zips through his responses to callers' favorite stock picks in the lightning round.
Leer más »
Cramer's lightning round: I'm sticking with this gold stock pickJim Cramer takes calls and gives his thoughts about different stocks in lightning speed.
Leer más »