Jim Cramer Recently Looked At These 7 Stocks

2. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 73

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently looked at. During the episode, a caller sought Cramer’s thoughts on the stock, and he replied:

“Okay, Coinbase is deeply linked to the price of Bitcoin. It’s one of the many stocks that I talk about that frankly is just completely… linked and all those other stuff. I think Bitcoin’s bouncing probably to 97 to 98,000. And you know what? I think you should scale out of that thing on the way up. You just had a nice gain in the last six, you know, look, it’s not, it’s been up 6%. Sell it on the way up. There are other better stocks to own, like Goldman Sachs, which my trust owns, and I think it’s [in] a lot better shape.”

Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets. During the September 24 episode, a caller inquired about the stock, and Cramer responded:

“Alright, I want to take a longer-term view on Coinbase because I think that they, in the end, were the first, I know there’s Bullish, but Coinbase stuck its neck out and went out, and all the other firms avoided them or almost isolated them, the typical brokerages. Well, now they last the, you know, these guys laugh last. I think you just own Coinbase. Don’t trade it. Not for a long time, but right now.”