Jim Cramer Recommends Selling These 5 Stocks in August

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In this article, we discuss the 5 stocks that Jim Cramer recommends selling in August. If you want to read about some more stocks that Jim Cramer recommends selling, go directly to Jim Cramer Recommends Selling These 10 Stocks in August.

5. Lithium Americas Corp. (NYSE:LAC)

Number of Hedge Fund Holders: 19  

Lithium Americas Corp. (NYSE:LAC) operates as a resource firm. Cramer gave the stock a Sell recommendation during the Lighting Round of his show on August 10. In response to a viewer question about his views on the stock, Cramer stressed that he could not just recommend stocks that had been “perpetual money losers”. 

On July 22, investment advisory Canaccord maintained a Speculative Buy rating on Lithium Americas Corp. (NYSE:LAC) stock and lowered the price target to C$49 from C$50. Analyst Katie Lachapelle issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, Singapore-based investment firm Himension Capital is a leading shareholder in Lithium Americas Corp. (NYSE:LAC), with 2.4 million shares worth more than $95 million. 

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