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Yahoo
28 minutes ago
- Yahoo
Jim Cramer shocks Wall Street with two hot crypto picks
Jim Cramer shocks Wall Street with two hot crypto picks originally appeared on TheStreet. Jim Cramer, the popular host of the CNBC shows "Mad Money" and "Squawk on the Street," is well-known for dropping his hot take on the trending stocks. Whether it's the manufacturing sector or the technology sector, nothing escapes his close scrutiny. What is remarkable about Cramer is that he has made the stock market very accessible to the average Joe, and his wildly exciting manner of presenting the latest updates keeps the audience hooked to the screens. His calls on different stocks have generated a lot of noise over the past few years — both when he nailed them and when he failed to gauge the future trends. Notwithstanding his loud and boisterous manner of presentation, Cramer has earned himself a loyal following over the years. Retail traders from far-flung towns in the U.S. call Cramer during the show and ask for his advice on the prospects of stocks they are considering. And the popular CNBC host doesn't hesitate to share his opinion, however divergent from conventional wisdom it may be, to try to help his callers navigate the markets. Jim Cramer eyes crypto market With several crypto firms going public within the past few years, they have also attracted the attention of the veteran market analyst. Cramer has changed his opinion on crypto over the years. While he was once extremely dismissive of the emerging trend, he has over time come to appreciate the alternative offered by the crypto asset economy. When the AI cloud company CoreWeave (Nasdaq: CRWV) announced the acquisition of the Bitcoin mining firm Core Scientific (Nasdaq: CORZ) on July 7, he called it "very positive." Nonetheless, Cramer doesn't shy away from dissing crypto stocks he doesn't like at the moment. Despite the impressive public debut of Circle Internet Group (NYSE: CRCL), he warned that an established giant like BlackRock (NYSE: BLK) could easily outpace the stablecoin firm once it decides to go all in on the asset category. Now, Cramer has two recommendations in the crypto sector. On Aug. 14, he discussed two crypto stocks in detail on the "Squawk on the Street" show, which we shall dig deeper into. Jim Cramer talks about Bullish Launched in 2011, Peter Thiel-backed Bullish (NYSE: BLSH) is a global crypto trading exchange that went public on Aug. 13. It announced on Aug. 19 that it had arranged to receive $1.15 billion of proceeds from its recently completed initial public offering (IPO) in stablecoins, including Circle's USDC, Ripple's RLUSD, and Donald Trump-backed World Liberty Financial's USD1. Since its public debut, BLSH's shares have seen a decline. Cramer said of the price movement, "Okay, so I think that it was amazing. Basically because it went up, a huge amount. And then there was profit taking... And the fact that Bullish came down a little bit made me feel okay, it's not completely crazed." On July 9, Bullish announced a collaboration with the Solana Foundation, the aim of which is to make Solana-native stablecoins the primary crypto asset used across Bullish's exchange and clearing services. Cramer added, "I was confused by Tom Farley, he's the CEO, talking about how it's gonna be a Solana-based business. Because you can't buy Solana at Fidelity. If you wanna buy Solana at Coinbase, you have to have a picture of your driver's license. I mean they were like carding you to buy Solana. I want to know more about Solana was their choice.' The BLSH stock was trading at $59.09 at press time, down 6.75% a day. Robinhood Markets Launched in 2013, Robinhood Markets (Nasdaq: HOOD) is an electronic trading platform that offers stocks and crypto assets. The company went public in 2021 and recently attracted significant media scrutiny following the launch of tokenized stocks. Cramer thinks Robinhood is miles ahead of other platforms. "A lot of the brokers I think are sitting back, they don't want to admit it on air and say, Oh my god, Robinhood is crushing us." He added, "Uh, I do think that Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.' The HOOD stock was trading at $107.87, down 6.22% a day. Jim Cramer shocks Wall Street with two hot crypto picks first appeared on TheStreet on Aug 19, 2025 This story was originally reported by TheStreet on Aug 19, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Jim Cramer shocks Wall Street with two hot crypto picks
Jim Cramer shocks Wall Street with two hot crypto picks originally appeared on TheStreet. Jim Cramer, the popular host of the CNBC shows "Mad Money" and "Squawk on the Street," is well-known for dropping his hot take on the trending stocks. Whether it's the manufacturing sector or the technology sector, nothing escapes his close scrutiny. What is remarkable about Cramer is that he has made the stock market very accessible to the average Joe, and his wildly exciting manner of presenting the latest updates keeps the audience hooked to the screens. His calls on different stocks have generated a lot of noise over the past few years — both when he nailed them and when he failed to gauge the future trends. Notwithstanding his loud and boisterous manner of presentation, Cramer has earned himself a loyal following over the years. Retail traders from far-flung towns in the U.S. call Cramer during the show and ask for his advice on the prospects of stocks they are considering. And the popular CNBC host doesn't hesitate to share his opinion, however divergent from conventional wisdom it may be, to try to help his callers navigate the markets. Jim Cramer eyes crypto market With several crypto firms going public within the past few years, they have also attracted the attention of the veteran market analyst. Cramer has changed his opinion on crypto over the years. While he was once extremely dismissive of the emerging trend, he has over time come to appreciate the alternative offered by the crypto asset economy. When the AI cloud company CoreWeave (Nasdaq: CRWV) announced the acquisition of the Bitcoin mining firm Core Scientific (Nasdaq: CORZ) on July 7, he called it "very positive." Nonetheless, Cramer doesn't shy away from dissing crypto stocks he doesn't like at the moment. Despite the impressive public debut of Circle Internet Group (NYSE: CRCL), he warned that an established giant like BlackRock (NYSE: BLK) could easily outpace the stablecoin firm once it decides to go all in on the asset category. Now, Cramer has two recommendations in the crypto sector. On Aug. 14, he discussed two crypto stocks in detail on the "Squawk on the Street" show, which we shall dig deeper into. Jim Cramer talks about Bullish Launched in 2011, Peter Thiel-backed Bullish (NYSE: BLSH) is a global crypto trading exchange that went public on Aug. 13. It announced on Aug. 19 that it had arranged to receive $1.15 billion of proceeds from its recently completed initial public offering (IPO) in stablecoins, including Circle's USDC, Ripple's RLUSD, and Donald Trump-backed World Liberty Financial's USD1. Since its public debut, BLSH's shares have seen a decline. Cramer said of the price movement, "Okay, so I think that it was amazing. Basically because it went up, a huge amount. And then there was profit taking... And the fact that Bullish came down a little bit made me feel okay, it's not completely crazed." On July 9, Bullish announced a collaboration with the Solana Foundation, the aim of which is to make Solana-native stablecoins the primary crypto asset used across Bullish's exchange and clearing services. Cramer added, "I was confused by Tom Farley, he's the CEO, talking about how it's gonna be a Solana-based business. Because you can't buy Solana at Fidelity. If you wanna buy Solana at Coinbase, you have to have a picture of your driver's license. I mean they were like carding you to buy Solana. I want to know more about Solana was their choice.' The BLSH stock was trading at $59.09 at press time, down 6.75% a day. Robinhood Markets Launched in 2013, Robinhood Markets (Nasdaq: HOOD) is an electronic trading platform that offers stocks and crypto assets. The company went public in 2021 and recently attracted significant media scrutiny following the launch of tokenized stocks. Cramer thinks Robinhood is miles ahead of other platforms. "A lot of the brokers I think are sitting back, they don't want to admit it on air and say, Oh my god, Robinhood is crushing us." He added, "Uh, I do think that Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.' The HOOD stock was trading at $107.87, down 6.22% a day. Jim Cramer shocks Wall Street with two hot crypto picks first appeared on TheStreet on Aug 19, 2025 This story was originally reported by TheStreet on Aug 19, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
an hour ago
- CNBC
Santoli's Tuesday market wrap-up: A riptide rotation drags down megacap growth plays
(These are the market notes on today's action by Mike Santoli, CNBC's Senior Markets Commentator. See today's video update from Mike above.) A powerful riptide rotation pulls the megacap growth leaders under while allowing the average stock to churn higher. So many investors root for a "broader market," but this could be what one looks like: big-cap indexes stuck or wobbly, erratic action below the surface and higher risk of market accidents. Two days' worth of pressure on Meta Platforms ' shares on reports that the social media giant is retooling its artificial intelligence efforts is among the apparent triggers for the move. However, this comes after another round of investors' complaints about the extreme top-heaviness of the market and its dependence on the AI trade. The Nasdaq 100 was off more than 1%, as is the overall momentum-stock category. The equal-weighted S & P 500 is holding up better as consumer-cyclical and industrial stocks hang tough. The opposing currents have pulled the S & P 500 down, finally cracking below the level from last Tuesday's close following the consumer inflation report . I've noted that traders have been attempting to defend this level over the past four days. The atmospheric factors allowing for this kind of whippy action have been well known: The S & P 500 and Nasdaq 100 were back near the upper end of their multi-year valuation range. The largest seven stocks had risen to a collective 34% weighting in the S & P 500, above the late-'90s peak concentration. Second-quarter earnings blasted past forecasts, but the stock reactions were stingy, implying good news was largely priced in to equities. Speculative aggression has been running high — meme stocks, crypto-linked stocks, initial public offerings, the Ark Innovation ETF (ARKK) — inviting a shakeout. The action resembles prior momentum reversals from July 2024 (after which the S & P 500 was capped/choppy for two months) and early 2025 (Tuesday marks six months since the prior S & P 500 peak on Feb. 19, before the tariff panic). The short-term 20-day moving average and the trend line connecting the lows of the past three months are shown as potential parameters of a possible benign pullback from here. A return to the old February high would be about a 5% dip from the recent high. The action comes, of course, after the S & P 500 has ramped more than 30% off its April low, into a tougher seasonal period, with the Street largely idling ahead of Federal Reserve Chair Jerome Powell's speech at the central bank's annual symposium in Jackson Hole, Wyo. on Friday. Presumably, Powell will want to preserve all options for the next rate move, given important inflation and payroll data to come in the four weeks until the next Fed meeting. The market has been resolute in holding to a view that there will be a rate cut in September so far. Treasury yields were subdued on Tuesday.
