Bearish sentiment permeates
and the stock probably won't see any upside until another analyst publicly supports it, Jim Cramer said on
"Stop Trading!" segment Monday.
"Everybody's looking for any excuse to sell," Cramer said. "This stock seems very cursed to me right now. It needs someone to get behind it to move it back up. What it doesn't need is a big, open-court suit about how porn is the bedrock of what they do."
More broadly, Cramer said the deluge of merger news that hit Monday morning has done nothing to change the market's mood.
"This market is looking like it just doesn't care. All these takeovers and it really doesn't accrue. Nobody thinks of anything other than the actual deal stocks," Cramer said. He noted that banking stocks have shown little reaction to
$14.6 billion acquisition of
Asked about brokerage stock, Cramer said
, which is trading for $139.59, is being trapped by a $140 options strike. "I don't like these stocks as they move up and report
earnings because it's just too easy to take profits."
At the time of publication, Cramer had no positions in the stocks mentioned.
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