Jim Cramer’s Stop Trading: Seaworld Tanks
Comments from Jim Cramer’s Stop Trading and Mad Dash on CNBC, Wednesday August 13.
Cyber security is an important sector, as pointed out by Treasury Secretary Jack Lew recently, and his concern for hackers accessing information from banks. Cramer thinks Palo Alto Networks (PANW) is the leader in the group with the best technology. He sees the stock reaching $100.
Tri Pointe Homes (TRI), along with other housing stocks, should be doing better, given the data points about housing. Cramer would keep an eye on this and other housing companies.
Seaworld (SEAS) is a stock that is tanking on a 14-16% decline, based on a negative documentary. While Cramer admits other amusement parks are saying visits are down, he thinks Seaworld “is an aberration,” and its drop is so profound, he is concerned about the future of the company.
The oil services sector may be in trouble, given the twin threats of sanctions against oil producer Russia and ISIS extremists threatening drilling in Iraq. Cramer is concerned about drop in oil stocks and a general decline, given these two intractable crises.