March 28, 2023

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Jim Kramer says stocks in the Nasdaq 100 "house of pain" should be avoided

Jim Kramer says stocks in the Nasdaq 100 “house of pain” should be avoided

CNBC’s Jim Cramer warned investors Wednesday to avoid stocks in the Nasdaq 100 and highlighted the worst-performing stocks of the third quarter.

“These seven biggest third-quarter losers are simply representatives of the house of pain the pointer has become. By the way, if you live in a house where it hurts, move on,” he said.

Cramer acknowledged that there are a few stocks in the index that he thinks are still big, but emphasized that the index is ultimately riddled with “woe and mischief.”

Here’s his quick rundown of the index’s biggest losers:

1. octa

Cramer said the current environment is “harsh” for the company, and he doesn’t think that will change anytime soon.

2. Communication Charter

He said on Tuesday that while the company is making profits, its lack of growth means its stock isn’t going anywhere.

3. Zoom

Kramer said the company’s earnings momentum is too low and the company’s market capitalization is too high. “You don’t pay $22 billion for a one-trick dowry,” he said.

4. match

“These guys suffer from unpredictability, a problem that seems to affect the entire dating industry,” he said.

5. Intel Corporation

He said the company was likely suffering from a slowing PC market.

6. Comcast

Cramer said cable companies are struggling because the market doesn’t want to have a role in it.

7. Adobe

Cramer said that while he thinks Adobe is a “cool” company, bears are impatient with software companies with slower growth rates.

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Disclosure: CNBC is owned by Comcast subsidiary NBCUniversal.

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