Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO season

Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO season

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/03/27/cramer-funds-are-ditching-high-growth-stocks-for-lyft-ipo-season.html

Investors should expect high-growth technology stocks to be sold off as investment funds free up cash to buy into the wave of new initial public offerings, CNBC's Jim Cramer said Wednesday.

A few companies slated for IPOs this year include ride-hailing apps Lyft and Uber, hospitality platform Airbnb, data intelligence company Palantir, and workspace operator WeWork.