Jim Cramer's Stop Trading: NUE

NEW YORK ( TheStreet) -- 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: Paylocity (PCTY), Globoforce (THNX), Q2 Holdings (QTWO) and MediWound (MDWD).

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), 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. 

- - Written by Bret Kenwell in Petoskey, Mich.


At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

If you liked this article you might like

Profit With Technical Analysis: Cramer's 'Mad Money' Recap (Tuesday 2/20/18)

Profit With Technical Analysis: Cramer's 'Mad Money' Recap (Tuesday 2/20/18)

Best of Jim Cramer: Retailers Get Their Turn, as FOMO Takes Over

Best of Jim Cramer: Retailers Get Their Turn, as FOMO Takes Over

Buy Stocks That Are Right for You: Cramer's 'Mad Money' Recap (Friday 2/16/18)

Buy Stocks That Are Right for You: Cramer's 'Mad Money' Recap (Friday 2/16/18)

Jim Cramer: Retailers Get Their Turn, As FOMO Takes Over

Jim Cramer: Retailers Get Their Turn, As FOMO Takes Over

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG