Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

CNBC’s Jim Cramer urged viewers to buy Silicon Valley Bank stock last month
NY Post ^ | March 10 | By Ariel Zilber

Posted on 03/11/2023 4:21:16 AM PST by RandFan

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.

“The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”

Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line.

“This company is a merchant bank with a deposit base that Wall Street has mistakenly been concerned by,” Cramer said in the clip.

Cramer touted the fact that the bank was “less dependent upon private equity and venture capital offerings.”

He said the stock was the “fourth-worst performer of 2022” though it was worth buying because “being a banker to these immense pools of capital has always been a very good business.”

“The stock is still cheap,” Cramer said. At the time, SVB Financial was trading at $320.40 a share.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: bank; cnbc; cramer; financial; jimcramer; siliconvalley; siliconvalleybank; svb; svbfinancial
Navigation: use the links below to view more comments.
first previous 1-2021-39 last
To: RandFan

How does he still have a job?


21 posted on 03/11/2023 5:54:10 AM PST by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pepsionice

PRINCE HARRY And his strong arming Better Up may have significant fallout from this. I suspect Harry got a piece and was counting on the IPO. Their charity may have also deposited their funds with the bank


22 posted on 03/11/2023 5:57:37 AM PST by RummyChick
[ Post Reply | Private Reply | To 2 | View Replies]

To: RummyChick

Roku had 487 million with them


23 posted on 03/11/2023 6:00:48 AM PST by RummyChick
[ Post Reply | Private Reply | To 22 | View Replies]

To: RandFan

I feel sorry for those who listened to him.


24 posted on 03/11/2023 6:00:49 AM PST by FlingWingFlyer ("I may be a white boy but I'm not stupid". - FJB at Black "History" event. Tell 'em Jo Jo!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RandFan

In this case one wonders whether he had information from shareholders that SVB was NOT doing well, and he was helping some of his friends get out of positions by ginning up some suckers to buy their shares.


25 posted on 03/11/2023 6:05:17 AM PST by babble-on
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mouton

According to one article posted here yesterday, more than 90% of SVB’s reserves were in long-term bonds that were paying an average annual rate of less than 1.6%. How can a bank stay in business when their investment strategy includes this kind of idiocy?


26 posted on 03/11/2023 6:20:11 AM PST by Alberta's Child
[ Post Reply | Private Reply | To 18 | View Replies]

To: Alberta's Child

Obviously not very long as yesterday showed!


27 posted on 03/11/2023 6:34:04 AM PST by Mouton (The enemy of the people is the media )
[ Post Reply | Private Reply | To 26 | View Replies]

To: RandFan

Cramer.....the same idiot who wanted to put all of the “unvaxxed” in concentration camps.

Can’t stand this asshat.


28 posted on 03/11/2023 6:57:08 AM PST by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mouton

“If the had to mark to market their long term interest securities they had no equity cushion and therefore were insolvent in face of a bank run.”

You just described every major bank—you know that, right?


29 posted on 03/11/2023 6:59:58 AM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: RandFan

LoL....hope many lefties bought and got smashed.


30 posted on 03/11/2023 9:03:54 AM PST by Lockbar (Even when you think you finally have enough ammo, you still really don't have enough. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: ArcadeQuarters

Wow! That’s bad. Does Cramer keep his job yet again?


31 posted on 03/11/2023 9:36:02 AM PST by Anti-Bubba182
[ Post Reply | Private Reply | To 14 | View Replies]

To: RummyChick

Roughly 3-percent of total assets of the Bank fall into the insured business (the lesser accounts). The massive bulk will be people who exceeded the $250,000 range. For them, this might be a ‘Madoff moment’.


32 posted on 03/11/2023 10:04:50 AM PST by pepsionice
[ Post Reply | Private Reply | To 22 | View Replies]

To: RandFan

The BIG danger is that “Institution Investors” bought the bank’s stock for Mutual Funds and retirement funds.


33 posted on 03/11/2023 1:52:08 PM PST by The Sons of Liberty (Ultra MAGA in Biden's Post Constitutional United Socialist States of Amerika!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Anti-Bubba182

Cramer doesn’t keep his job based on performance in stock recommendations; he keeps it based on advertising dollars coming in like any other media job. If he worked for an investment house it would be different.


34 posted on 03/11/2023 2:06:18 PM PST by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
[ Post Reply | Private Reply | To 31 | View Replies]

To: pepsionice

I wonder too. The more I hear, the more it seems like this bank turned woke and encouraged libs to put all their money in it; like Cramer.


35 posted on 03/12/2023 3:27:32 PM PDT by KC_Conspirator
[ Post Reply | Private Reply | To 2 | View Replies]

To: RandFan; All
Jim Cramer on Twitter:

"These are not bailouts. They are a way without taxpayer money to remove the risk for those banks that invested poorly."

LINK

36 posted on 03/13/2023 9:17:37 AM PDT by Anti-Bubba182
[ Post Reply | Private Reply | To 1 | View Replies]

To: Anti-Bubba182
They are a way...to create a crisis to take advantage of.

The more things change, the more they remain the same.

37 posted on 03/13/2023 9:22:27 AM PDT by RckyRaCoCo (Please Pray For My Brother Ken.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: RckyRaCoCo

Sad!


38 posted on 03/13/2023 9:45:04 AM PDT by Anti-Bubba182
[ Post Reply | Private Reply | To 37 | View Replies]

To: RckyRaCoCo

Sad!


39 posted on 03/13/2023 9:45:04 AM PDT by Anti-Bubba182
[ Post Reply | Private Reply | To 37 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-39 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson