{"id":119345,"date":"2021-08-05T01:16:00","date_gmt":"2021-08-05T01:16:00","guid":{"rendered":"https:\/\/fin2me.com\/?p=119345"},"modified":"2021-08-05T01:16:00","modified_gmt":"2021-08-05T01:16:00","slug":"cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/","title":{"rendered":"Cramer urges investors to take profits in Robinhood as it becomes a meme stock"},"content":{"rendered":"<ul>\n<li>CNBC&#x27;s Jim Cramer recommended investors take profits in Robinhood as the brokerage firm&#x27;s own stock becomes a meme favorite.<\/li>\n<li>&quot;It doesn&#x27;t matter how much you love [Robinhood], discipline always trumps conviction,&quot; the &quot;Mad Money&quot; host said Wednesday.<\/li>\n<li>Robinhood shares advanced 50.4% Wednesday to close at $70.39, a day after surging 24.2%. <\/li>\n<\/ul>\n<p>CNBC&#x27;s\u00a0Jim Cramer on Wednesday urged Robinhood shareholders to trim some of their positions after the brokerage firm&#x27;s own stock has become ensnared in the meme-stock frenzy it helped catalyze.<\/p>\n<p>Shares of Robinhood got as high as $85 apiece during Wednesday&#x27;s session, before ultimately closing up 50.4% at $70.39. The large advance added to the 24.2% gain the stock posted Tuesday.<\/p>\n<p>&quot;Meme stocks are easy money on the way up. But as we&#x27;ve seen with GameStop and AMC of late, you have to take profits while you still have them by selling gradually on the way up,&quot; the &quot;Mad Money&quot; host said, referring to the video-game retailer and movie theater chain that were at the vanguard of the Reddit-fueled meme stock movement that began in January.<\/p>\n<p>&quot;It doesn&#x27;t matter how much you love [Robinhood], discipline always trumps conviction, and discipline says you need to take something off the table when you&#x27;ve got an 80% gain in two days.&quot;<\/p>\n<p>On Monday evening, Cramer recommended investors buy shares of Robinhood because he believed co-founder and CEO Vlad Tenev will help the stock-trading app transform itself into a diversified fintech player competing with the likes of Square and PayPal.<\/p>\n<p>Robinhood went public last week, pricing its shares at $38 apiece. Some of the its IPO shares were allocated to its retail clients, an uncommon step on Wall Street, where only institutional investors and high-net worth individuals typically get access to buy into the offering.<\/p>\n<p>Robinhood had a rocky debut session, dropping 8% to finish at $34.82. The stock has traded as low as $33.25 in its still-limited sample of being publicly traded.<\/p>\n<p>&quot;If you got this one in the thirties and you haven&#x27;t sold anything yet &#8230; I recommend you ring the register on part of your position,&quot; Cramer said Wednesday. &quot;But I also advise holding on to some of it,&quot; Cramer added, doubling down on his confidence in Tenev to help Robinhood prosper over the long-term.<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/08\/04\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC&#x27;s Jim Cramer recommended investors take profits in Robinhood as the brokerage firm&#x27;s own stock becomes a meme favorite. &quot;It doesn&#x27;t matter how much you [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":119344,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cramer urges investors to take profits in Robinhood as it becomes a meme stock - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cramer urges investors to take profits in Robinhood as it becomes a meme stock - Fin2me\" \/>\n<meta property=\"og:description\" content=\"CNBC&#x27;s Jim Cramer recommended investors take profits in Robinhood as the brokerage firm&#x27;s own stock becomes a meme favorite. &quot;It doesn&#x27;t matter how much you [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-05T01:16:00+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Cramer-urges-investors-to-take-profits-in-Robinhood-as-it-becomes-a-meme-stock.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/\",\"url\":\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/\",\"name\":\"Cramer urges investors to take profits in Robinhood as it becomes a meme stock - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-08-05T01:16:00+00:00\",\"dateModified\":\"2021-08-05T01:16:00+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cramer urges investors to take profits in Robinhood as it becomes a meme stock\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cramer urges investors to take profits in Robinhood as it becomes a meme stock - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/","og_locale":"en_US","og_type":"article","og_title":"Cramer urges investors to take profits in Robinhood as it becomes a meme stock - Fin2me","og_description":"CNBC&#x27;s Jim Cramer recommended investors take profits in Robinhood as the brokerage firm&#x27;s own stock becomes a meme favorite. &quot;It doesn&#x27;t matter how much you [...]","og_url":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/","og_site_name":"Fin2me","article_published_time":"2021-08-05T01:16:00+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Cramer-urges-investors-to-take-profits-in-Robinhood-as-it-becomes-a-meme-stock.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/","url":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/","name":"Cramer urges investors to take profits in Robinhood as it becomes a meme stock - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-08-05T01:16:00+00:00","dateModified":"2021-08-05T01:16:00+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/cramer-urges-investors-to-take-profits-in-robinhood-as-it-becomes-a-meme-stock\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Cramer urges investors to take profits in Robinhood as it becomes a meme stock"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/119345"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=119345"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/119345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/119344"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=119345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=119345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=119345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}