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Stock impact report

Newly public Tencent Music 'would be a screaming buy' if it wasn't for China: Cramer [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
show chapters Even high-quality stocks can become victims of circumstance, CNBC's Jim Cramer said Thursday, as he reviewed the prospects for newly public Chinese music streaming service Tencent Music Entertainment . A subsidiary of Tencent Holdings, a Chinese conglomerate made up of various technology and internet-related companies, Tencent Music went public in the United States on Wednesday in a highly anticipated initial public offering . It marked the biggest U.S.-based IPO by a Chinese company since Alibaba's debut in 2014. But even though the company raised more than $1 billion in its IPO, is showing incredible revenue growth and has an inexpensive stock, confusion around U.S.-China trade relations makes buying shares fairly risky, Cramer said. In a vacuum, Tencent Music Entertainment would be a screaming buy here. But in context? I'm going to give you my blessing if you want to speculate in the stock, just don't put it in your Show less Read more
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