Tech stocks are bouncing today, rotating the hell out of oil and retail — back into the wonders and the joys of NVDA, BIDU, GOOGL, CAVM and others.
According to Cramer, the Yellen Fed can do whatever it wants. Stocks will trade up no matter what, thanks to the buoyancy in world economic growth, especially in Europe — where he says the banks have all been recapitalized.
It’s worth noting, over the past month, some tech stocks have undergone ruinous declines. Shares of NFLX are down 11% from its peak. GOOGL, INTU, AVGO, INTC and JNPR are all down in the magnitude of 7%. You should go sop them up straight away. The coast is, indelibly, clear — says Jim Cramer.
Some of the smaller semis have done much worse the past month. Case in point, BRKS, MKSI, COHU and AMBA are all down between 16 and 23%. Clearly, this insanity needs to stop. GET IN THERE and do your jobs. Buy the drip. The Yellen Fed can raise rates at their heart’s delight and nothing will happen. Please ignore the collapse in the auto sector and chalk it up to ‘a correction.’
Here are the YTD returns for the often lauded FAANG stocks.
FB +30%
AMZN +29%
AAPL +25%
NFLX +19%
GOOGL +17%
What are you waiting for? Get in there.
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Fly, any thoughts on the decline in IMAX shares recently?
I am baffled by it. But the second half of the year is when the best movies come out. It should be a buy.
The Fed is irrelevant. There is no logical reason for the Fed to exist, when the market should be the one determining interest rates.
While the existence of the FED may appear to be illogical and nonsensical in general, it is the best and the most logical way for the hofjuden to defraud and steal everything (unless it was lost in boating accidents) from the dumb goyim.
Bought some NVDA today.
Cramer and is a miscreant.
Yes, as long as there is a secret-not-so-secret program to straddle global equities? (until they pop or are popped) stocks§ors will stay forced. up.
Cramer is a sell side shill; worse than a filthy and diseased whore.