“This is a bear market, not a bull market. … In a bear market, you do not stick your neck out to pick at hated stocks,” Cramer said.
CNBC's Jim Cramer on Tuesday warned investors not to invest in Sweetgreen, saying the stock is unlikely to perform well in an inflationary environment.
"You're fighting the [Federal Reserve] and the tape if you try to bottom fish in this one, and that's a recipe for portfolio destruction," the"Mad Money" host said., saying the stock is unlikely to perform well in an inflationary environment. "This is a bear market, not a bull market. … In a bear market, you do not stick your neck out to pick at hated stocks,""Right now, Wall Street loves earnings, cash flow, dividends. Sweetgreen's got none of these things. You're fighting the [Federal Reserve] and the tape if you try to bottom fish in this one, and that's a recipe for portfolio destruction," the"Stay informed during the severe weather season with our local news and weather app.
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