“While [Powell’s] not explicitly trying to send stocks lower, he’s certainly not going to shed any tears over it,” Cramer said.
With the central bank looking unlikely to pivot anytime soon, fears are mounting on Wall Street that a recession could be in the cards for next year.
Jim Cramer advised investors to consider adding shares of “steady-eddy” utility companies to their portfolios for their dependability.
Stocks ended the day up on Tuesday after the monthly consumer price index report showed that prices rose less than expected in November.
“The charts, as interpreted by Carley Garner, suggest that the oil speculators have been mostly wiped out, so it’s time to buy the dips,” he said.
Unlike the trillions that vanished into thin crypto air, the money for the next upswing will come from four stocks with a combined $6 trillion to donate.
Let’s take a serious break from the software companies that were claimed to be the best bets and start discussing the real market winners.
If the rest of the world would simply do what is expected of it, we would have a decent stock market.
The company announced Iger’s return as chief executive Sunday, effective immediately.
“The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Claus rally is coming to town next month,” Cramer said.
Stocks closed down on Thursday but managed to rebound from their lows.
Stocks slumped on Wednesday after Target reported a sales decline.
Jim Cramer said that these 10 stocks have little competition and are making a comeback.
“The Dow components all know how to handle a recession,” he said.
Cramer also reiterated that investors should target recession-resistant stocks that can withstand the Fed’s tightening cycle.
Cramer gave investors a list of stocks he believes can withstand the Federal Reserve’s tightening cycle.
The CNBC host of ‘Mad Money’ listed this set of industries to watch after a tough earnings season for Big Tech.