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6 Stocks Jim Cramer Is Watching Amid Evergrande 'Contagion' Fears

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Evergrande remained in the headlines Tuesday as the company nears its first debt hurdle on September 23. The company is due to pay out interest worth $83 million on a 5-year, U.S.-dollar denominated bond, with an initial issue size of around $2 billion. A further payment on the interest on a 7-year bond is expected on September 29.

Chairman Hui Ka Yuan told staff that Evergrande would "walk out of its darkest moment, resume full-scale constructions as soon as possible."

Evergrande is linked to hundreds, if not thousands of unfinished projects.

Ratings company Standard & Poor's said Evergrande is likely to default in the coming weeks, but said Beijing would likely "be compelled to step in if there is a far reaching contagion causing multiple major developers to fail and posing systemic risks to the economy," TheStreet's Martin Baccardax reported. 

In the video above, Jim Cramer explained why he's watching Wells Fargo WFC, JPMorgan Chase  (JPM) - Get JPMorgan Chase & Co. (JPM) Report, Uber  (UBER) - Get Uber Technologies, Inc. Report, Lyft  (LYFT) - Get Lyft Inc Class A Report, Adobe  (ADBE) - Get Adobe Inc. Report and Nike  (NKE) - Get NIKE, Inc. (NKE) Report following Monday's selloff. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 9/21/21

Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Tuesday's Daily Rundown. 

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