NEW YORK (
TheStreet's Jim Cramer, co-manager of the
Action Alerts PLUS portfolio, said there are four major initial public offerings this week that must succeed:
Holdings (QTWO) and
The first three are cloud-based companies while the last company is a biotech stock. If the IPOs don't do well, shares in their respective industries could come down because that "means saturation has been reached," Cramer warned.
Turning to Nucor
(NUE - Get Report), Cramer said the company issued downside guidance for the first quarter but shares are actually higher on the news, which is a very bullish sign for the industrials, Cramer concluded.
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