By The Financial District
Analyst Bets On Nasdaq As Musk Chimes In
CNBC’s Jim Cramer sees opportunity in the tech-heavy Nasdaq index and is warning those who are trying to bet against it.
Photo Insert: Nasdaq Composite is a market capitalization-weighted index of over 3,000 stocks listed on the Nasdaq Stock Market.
“Short this Nasdaq and invite me to your funeral,” Cramer warns in a tweet, Jing Pan reported for MoneyWise.
The message also caught the attention of Tesla CEO and Twitter owner Elon Musk, who again bragged with a partying face emoji. It’s no surprise: Tesla is one of the larger components of the Nasdaq Composite.
Nasdaq Composite is a market capitalization-weighted index of over 3,000 stocks listed on the Nasdaq Stock Market. It would be difficult for an investor to try to buy all components individually to track the index.
With ETFs, investors can gain exposure to a large portfolio of stocks with a single transaction.
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