A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
After the lackluster King IPO, how does Jim Cramer feel about the forthcoming offering from GrubHub?
"The King Digital Entertainment IPO was dismal compared to many of the 55 IPOs we've had since the beginning of the year, " noted the "Mad Money" host.
Shares of the "Candy Crush" game maker sagged as much as 15% in their Wednesday debut making it among the worst IPOs of 2014. " It was hardly as profitable as the IPOs of Dicerna Pharma, Ultragenyx, Revance Therapeutics, and Auspex all of which doubled in the days following their offerings.
Although the price action would seem telling, Jim Cramer cautions investors not to read too much into it.
"King Digital was different," Cramer explained. "The metrics were a little different and it reminded investors of Zynga which didn't go well."
Although he thinks the red hot IPO window is closing, he also thinks, for the time being, a few more lie ahead. And one could be coming as soon as next week.
Now make no mistake, Cramer is cautious of these red hot IPOs for the long-term. He thinks they're a sign of froth.
"But just because I'm wary about the longer-term prospects of these deals, it doesn't mean you shouldn't try to profit from them short-term," Cramer said. Therefore, "I want you to try and get a piece of the . "
Largely Cramer believes this is the kind of company that will attract momentum investors, the kinds of investors who have bid other IPOs sharply higher.
"As an online platform for mobile takeout, it's got a terrific concept," Cramer said. "Also, the company grew its revenue by 43% and with people increasingly using their smartphones to order things, the potential feels limitless."
That alone should get the attention of so-called 'momo' investors.
However, there's something else; something that due to the mechanics of the market leads Cramer to believe the IPO could soar.
"GrubHub is doing what I call a sliver deal, that's where they only release a tiny sliver of the float to the public," Cramer explained.
"These sliver deals artificially create enormous demand, because if you're a mutual fund trying to buy GrubHub, you simply can't get enough shares in the IPO to build a meaningful position. That means these funds need to come in and buy more stock in the aftermarket, and they're willing to bid the darned thing up like crazy because the fact that they get some shares in the initial deal lowers their cost basis."
Read more from Mad Money with Jim Cramer
Are these stocks too darn cheap?
Vicious trend could hit good stocks
Aetna, Cramer's glad he met ya'!
Because of the metrics and the sliver deal, Cramer sees every reason to buy.
"The IPO is expected to price next Thursday between $20 and $22 a share. I think you should call your broker and try to get a piece of this deal."
However, this is a trade not an investment. "You have to be nimble and you have to get out strategically," Cramer added.
And, as Cramer so often says, if you can't get a piece of the IPO, don't chase it. "I absolutely do not want you paying up for this one in the aftermarket."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the "Mad Money" website? email@example.com