Jim Cramer Recommends Selling These 5 Stocks in August

1. Getty Images Holdings, Inc. (NYSE:GETY)

Number of Hedge Fund Holders: N/A 

Getty Images Holdings, Inc. (NYSE:GETY) operates as a visual content creator. During his show on August 15, the journalist investor warned people against investing in the visual content firm until they saw a decline in the share price. Cramer noted that “you have to stay away from any post-SPAC stock that explodes higher right after its merger” and that “the history of these things is real ugly”. Cramer said the rise in the shares was investors trying to initiate a short squeeze and he would stay away from the shares until they cooled off. 

On August 11, Benchmark analyst Mark Zgutowicz downgraded Getty Images Holdings, Inc. (NYSE:GETY) stock to Hold from Buy without a price target, noting that the long-term view on the stock was bullish despite near-term headwinds. 

Getty Images Holdings, Inc. (NYSE:GETY) posted earnings for the second quarter of 2022 on August 10, reporting a revenue of more than $233 million, missing analyst expectations by close to $10 million. The firm said it expected year-on-year growth in revenue of up to 6.7% in 2022. 

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