Wall Street needs to see more mergers and acquisitions come through before the"coming onslaught" of initial public offerings jams up investing capital, CNBC's Jim Cramer said Tuesday.
Lyft will list on the Nasdaq Friday. AirBNB and Uber plan to go public this year, and Slack, Palantir, and WeWork could join the fray as well. A major oil company, the likes of BP, Exxon, or Chevron, could make a play for Occidental Petroleum,"which has the best acreage in the booming, low-cost Permian Basin," he said.
The CVS-Aetna merger left a bad taste in many investors' mouths, but Cramer said CEO Larry Merlo told a compelling story on"Mad Money" last week. American Express has been strong, but the company should also go after Square so the financial services firm can own the register, he said.
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Source: CNBC - 🏆 12. / 72 Read more »