Jim Cramer Highlighted 21 Stocks, Including Dow and Home Depot

19. Avis Budget Group, Inc. (NASDAQ:CAR)

Avis Budget Group, Inc. (NASDAQ:CAR) was among Jim Cramer’s latest stock calls, as he suggested investors balance portfolios with hot and cold stocks. Urging investors not to buy parabolas, Cramer said:

Next up, the other day, David Faber pointed out that Avis, the rental car company, has seen its stock soar from $100 to $700 in less than a month. Avis happened to be way over shorted at the lows, with many more shares sold short than actually existed. That’s a recipe for the mother of all short squeezes, and we got it.

But how about the longs? Did they do anything? If they didn’t sell Avis into strength, well, they’re fools. After peaking at about $800 a couple of days ago, the stock’s now plunged to $229, and many who bought it in the parabola a few days ago have been wiped out. That’s why you need to be disciplined and sell these things while they’re still on fire. Don’t buy the parabola.

Avis Budget Group, Inc. (NASDAQ:CAR) provides car and truck rentals, car sharing, and related services through brands such as Avis and Zipcar, as well as several other rental brands. The company offers its services to both business and leisure customers.