The iconic apparel company came public with a bang, and Jim Cramer details why investors should wait for a pullback to get in.
Levi Strauss & Co, the maker of Levi's jeans, kicked off the IPO frenzy by going public and making investors a lot of money, but the stock is now too high to buy, CNBC's Jim Cramer said Thursday.
The major averages all rose higher during the session on the agency's monetary policy reversal, he said. As a guideline, Cramer suggests picking stocks whose sales won't get knocked down by an easing economy, focusing on high-yielding dividend stocks, buying the fastest-growing names while inflation is near flat, and loading up on companies that do a lot of business overseas, including those impacted by the trade war with China, because the dollar is getting weaker.The health care industry has reached $3.
Ahead of its much-anticipated TV announcement, the host explained how the iPhone maker can avoid a"serious beat down" next week.
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