NEW YORK (
TheStreet) -- 3-D printing company
(SSYS) was upgraded by JPMorgan to buy from hold.
TheStreet's Jim Cramer, co-manager of the
Action Alerts PLUS portfolio, wondered what this means for the company and the rest of the sector.
He added it's important for the share price to stand strong because the group has been "annihilated" in recent trading. He said if the price holds up money could start flowing back into this "highly speculative" space.
Cramer was also wondering why shares of Nu Skin Enterprises (NUS) are moving higher. Are investors relieved the company will "only" receive a $540,000 fine in China. This is better-than-expected news as some thought the company could be barred from doing business in the country, Cramer said.
He speculated that Herbalife (HLF) -- which has its own issues in China -- will likely trade higher on this news. The addition of three new board members from hedge fund manager Carl Icahn should gives Herbalife shares a boost as well.He concluded hedge fund manager, Bill Ackman, who has a sizable short position in Herbalife, is trying to drive shares down to $0 and "destroy" the company.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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