These 5 Stocks Get Strong Sell Calls From Jim Cramer
Jim Cramer just strongly recommended selling five expensive or troubled stocks.
After being profitable, Cramer says it's losing money. Qualcomm deal and earnings shortfall lowered stock.
1. Iridium Communications (IRDM)
Cramer believes valuation is too high despite cheap P/E. Q3 revenue missed estimates.
2. Petrobras (PBR)
Cramer calls it "dead money" and says stock going nowhere. 53 hedge funds held shares in Q2.
Cramer calls a stock "horrendous" for bad execution. Stock fell 16% YTD. 56 Q2 hedge funds owned shares.
Cramer recommends selling due to regulatory uncertainty around Pfizer acquisition. Q3 results missed expectations.
5. Seagen (SGEN)
Cramer criticized Iridium's profitability, Petrobras' valuation, Verizon's lack of growth.
Miller Value Fund and Ariel Global Fund also sold or criticized AT&T in recent investor letters.