One of Jim Cramer’s Top Stock Picks Is About to Implode

Published by
The Street

By Tony Owusu The investing genius isn’t always right. SiliconVB Financial Group (SIVB) – Get Free Report has been the talk of Wall Street after crashing 60% on Thursday after the venture capital finance bank announced significant losses on its portfolio. CNBC’s Jim Cramer, who has been a fan of the troubled bank previously, is playing clean up after his previous advocacy for it. “Yes SVB is a bank but not all banks are like SVB and almost none use pre-ipo shares as collateral. However, many are underwater in treasurys,” Cramer stated to start off a series of tweets on the subject. SVB’s stock…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.