Jim Cramer - Mad Money Jumia Technologies JMIA-N DON'T BUY Jul 24, 2024

It's not making much money.

Jim Cramer - Mad Money

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BUY

The Amazon of Africa. An e-commerce platform. It's a good, speculative stock.

WATCH

He recommends it, but how far can it go? It has recently shot straight up, so you must let it cool off.

WAIT

Very volatile. Trading at middle of range of last 3 months. Has had a good run. Should have support between $40-45. Look to buy 1/3 down there, then 1/3 at $35-40, and 1/3 at $30-35. Market volatility is not over yet.

DON'T BUY

Focus on African eCommerce market. High growth company that has been hit hard with tech sell off. Burning through lots of cash that is hard to justify to investors. Missed window on eCommerce in Africa. Amazon and Facebook will be very tough to compete with.

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Jim Cramer - Mad Money Jumia Technologies JMIA-N DON'T BUY Jul 24, 2024

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