Jim Cramer explains why he's using caution ahead of Pinterest's IPO.
Pinterest will soon go public and there is cause for concern that investors should pay attention to, CNBC's Jim Cramer said Friday.
Cramer noted user growth in the U.S. has started to cool off as the company expands overseas. It registered 184 million monthly average users in the fourth quarter, up from 160 million in the same period of 2017 and up from 90 million the year prior."Given that they make $9 per user in the United States and just 25 cents per user in the rest of the world, the company still has a ton of room to monetize their international business," he said.
"I think there's some price where Pinterest is absolutely worth owning — it's a good story, even if it's not perfect," Cramer said."However, as we saw with the botched Lyft deal, valuation really matters."The major U.S. indexes all rallied Friday on the backs of Walt Disney, J. P. Morgan Chase, and Chevron, but Cramer warned that"this positivity" will be hard to sustain.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cramer Remix: This millennial habit is helping to keep a lid on wage inflationCramer says the millennial generation's desire to make purchases through digital platforms could lead to little wage inflation, as businesses turn to automation over hiring new workers.
Leer más »
Cramer Remix: Bed Bath & Beyond is not a lost causeJim Cramer explains why the troubled retailer can be saved if it makes major management changes.
Leer más »
Cramer Remix: The catalyst for this bank stock should create tremendous valueJim Cramer explains why Chemical Financial is unlike the rest of the bank stocks.
Leer más »
Cramer Remix: A trade deal could push this stock even higherJim Cramer breaks down how a truce between the U.S. and China could alleviate the headwinds for 3M.
Leer más »
Cramer Remix: Another pullback could push the market to keep rallyingJim Cramer advises investors not to panic after Tuesday's dip, citing a down day could lead to big rallies for companies ahead of earnings season.
Leer más »
Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer saysJim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday.
Leer más »
Disney's stock flies as it unveils its new streaming service —Jim Cramer and other experts reactDisney's streaming service, Disney+, will launch in November at $6.99 a month, and experts are split on what the entertainment giant's newest venture might bring.
Leer más »
Cramer's lightning round: I like PayPal more, but this fintech stock is O.K.Jim Cramer takes calls and gives answers to stock picks in rapid speed.
Leer más »
Cramer's Game Plan: Remember this market 'has no memory' this earnings seasonJim Cramer takes a look at the week ahead as earnings season heats up.
Leer más »
Investors may think the market is reaching a top, but I'm not buying it, Jim Cramer saysJim Cramer breaks down 10 reasons that people forecast the market could soon reverse course.
Leer más »