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What Are Defenseless Stocks, Why Is Jim Cramer Seeing More of Them?

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Are there too many defenseless stocks? That's Jim Cramer's thesis on Monday morning.

"The underwriters just created too many stocks. There's too many new companies, too many companies that help you with analytics, too many that offer video, too many data collectors and too many real-time analysis, and too many cybersecurity companies. There's been too many new electric vehicle derivatives, too many cannabis plays and way too many new fintechs," Cramer wrote in his Real Money column.

"The effect? We are now facing a bewildering number of companies that simply do the same things and can't be differentiated and, frankly, are too hard to understand unless you are deeply involved in the transfer of data from on your premises to the cloud," Cramer continued.

Recap TheStreet Live: Everything Jim Cramer Is Watching Monday

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