Jim Cramer's Stop Trading: QTWO CAG

NEW YORK (TheStreet) -- Q2 Holdings (QTWO), a cloud-based virtual banking services company, is scheduled to begin trading Thursday. 

"That's got to go up because there's too many other cloud offers" scheduled to go public, said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, Without a strong debut the entire cloud sector will suffer.


WATCH: Jim Cramer on Lennar Homebuilders, KB Home, ConAgra Foods

Turning to ConAgra Foods (CAG), the company has continually missed earnings estimates. However, it finally beat estimates Thursday, albeit with lowered expectations, when it reported its third-quarter earnings results. 

Cramer was happy for the company, saying General Mills (GIS) was in a similar situation of beating lowered expectations. However, "these are not the stocks you buy if you think the economy is heating up." 

WATCH: More videos from Jim Cramer on TheStreet TV

Instead, investors who are defensive should buy stocks like ConAgra Foods and sell some of their utility stocks, 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.

More from Opinion

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

2 More Reasons to Sell All Your Stocks and Run Away

2 More Reasons to Sell All Your Stocks and Run Away

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Netflix Blowout Earnings Remind Investors of One Thing: This Company Is a Beast

Netflix Blowout Earnings Remind Investors of One Thing: This Company Is a Beast