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Jim Cramer on King Digital IPO, Sirius XM and Durable Goods

August 18, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer says more deals need to “break print” like King Digital and, even though the IPO fell flat, Cramer believes this will “cool” that part of the market and it’s good the stock broke price. Sirius XM shares have also cooled off, says Cramer, but the company has significant cash flow and he likes the stock. On the economic front, Cramer thinks poor winter weather affected durable goods and he points to Five Below and PVH as examples of companies doing better when the weather improves.

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