• =?UTF-8?Q?CNBC=e2=80=99s_Jim_Cramer_urged_viewers_to_buy_Silicon_Va?= =

    From Jade Helm@21:1/5 to All on Fri Mar 10 19:47:35 2023
    XPost: alt.survival, talk.politics.misc, alt.politics.usa

    https://nypost.com/2023/03/10/cnbcs-jim-cramer-touted-silicon-valley-bank-stock/

    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.”
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