Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Shopify : Shares tumbled around 20% after the e-commerce platform said its second-quarter gross margins were expected to be lower than the first quarter. "This company has traditionally beat and raised," Jim Cramer said Wednesday. "This is at $62. The people who are selling it are afraid it goes to $60. It will not go to $58.
Uber Technologies : Shares fell 8% after the ride-hailing company's first-quarter gross bookings and current-quarter outlook for the same metric came in light. "Inexplicable. I was surprised. This is one of those things that could be a brown shoot ," Cramer said. "This is one that I have do a deeper dive on, frankly, because it didn't make sense to me.
Source: News Formal (newsformal.com)
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