TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said there’s nothing wrong with taking profits on Nintendo’s stock after shares surged on popularity of the company’s new Pokemon Go smartphone game. ‘[Taking profits] would be a probably smart thing to do,’ Cramer said. Nintendo’s market cap rose by $9 billion over a few trading sessions, according to The Wall Street Journal. Cramer also pointed to the risk that user excitement surrounding the game may start to fade.
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