Jim Cramer Says You Should Sell These 10 Stocks

In this article, we discuss the 10 stocks that Jim Cramer says you should sell. If you want to read about some more stocks that Cramer is bearish on, go directly to Jim Cramer Says You Should Sell These 5 Stocks.

The finance world is abuzz with news that Tesla, Inc. (NASDAQ:TSLA) founder Elon Musk has made a proposal to buy social networking platform Twitter, Inc. (NYSE:TWTR) in a deal that values the firm at around $43 billion. This equates to almost $54.20 per share for the firm, per a securities filing by Musk that he shared on his Twitter profile as well. On April 14, Jim Cramer, a former hedge fund manager and the host of Mad Money on CNBC shared his thoughts on the matter, noting that Musk had put the Twitter board in a position where they would reject the offer.

Cramer, who has built an impressive retail investor following in the past few years, was of the opinion that the board of directors at Twitter, Inc. (NYSE:TWTR) had “no choice” but to reject the Musk offer because if they accepted it, it would be akin to “phony” behavior. Cramer added that he thought that the board members were not phonies. Cramer also warned of a “personal liability” should the Twitter, Inc. (NYSE:TWTR) board accept the offer, noting that this was one of the instances where directors could be opened up for a level of lack of fiduciary that “crosses the line”.

Musk is the richest man in the world and one of the most controversial characters in the finance sector. On April 14, famous entrepreneur Mark Cuban tweeted that he thought that Musk was only offering to buy Twitter to drive up the share price and then sell his stake, something that he had done with other firms in the past. During his take on the issue, Cramer also stressed that accepting the Musk offer was not fair to Twitter, Inc. (NYSE:TWTR) shareholders. Cramer also blasted the use of the “best and final” term that was used with the offer to buy.

Apart from talking about Musk, Cramer also discussed the broader economic outlook during his show on April 14. He talked at length about sectors that were facing the worst of the storm as interest rates rose and investors exited growth firms for safer heavens. Some of the stocks that Cramer is bearish on include Meta Platforms, Inc. (NASDAQ:FB), Netflix, Inc. (NASDAQ:NFLX), and AT&T Inc. (NYSE:T).

Our Methodology

These were picked keeping in mind the latest calls that Cramer made on these equities on his Mad Money show aired by news platform CNBC.

An extensive database of around 900 elite hedge funds tracked by Insider Monkey was used to identify the popularity of each stock among hedge funds.

Jim Cramer Says You Should Sell These 10 Stocks

Jim Cramer Says You Should Sell These Stocks

10. Green Brick Partners, Inc.