By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
BusinessLogrBusinessLogr
Aa
  • Home Beauty
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Cramer: Enjoy the rally. It’s only temporary
Share
BusinessLogrBusinessLogr
Aa
Search
  • Home Beauty
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
BusinessLogr > Investing > Cramer: Enjoy the rally. It’s only temporary
Investing

Cramer: Enjoy the rally. It’s only temporary

deep
Last updated: 2015/11/08 at 5:56 AM
deep Published November 8, 2015
Share
3 Min Read
SHARE

Jim Cramer saw investors reaching to growth where ever they could find it on Thursday. And sometimes when the market gets desperate for growth, stocks that one would least expect to make a comeback will rally.

However, based on the action happening around the globe recently, Cramer wasn’t surprised that investors reached for growth. First the Fed decided not to raise rates, then China produced weak numbers, major industrials confirmed slowing business, housing weakened and job creation in energy came to a stop.

The coup de grace came on Wednesday when Wal-Mart, the world’s largest retailer, announced disappointing sales and earnings forecast.

“You put all these together and you get something that we have seen happen time and again in periods of economic softness: buyers cut loose from the industrials and they go for the gusto, they return to growth,” the “Mad Money” host said.

Google

Damien Meyer | AFP | Getty Images

“Remember how these rotations work, though. You can’t get too comfortable” -Jim Cramer

The first place Cramer saw investors look was in biotech. Somehow this sector seemed to turn from a bull to a bear overnight. This included rallies in Gilead, Celgene and BioMarin. Cramer’s charitable trust even began buying Biogen to attempt to catch a bottom in the stock.

Investors also flocked to Internet stocks, which have been a house of pain lately. Google got its mojo back, even though nothing of note happened. Facebook, Amazon, Alibaba even joined in.

Cloud stocks were also once an intense area of growth and have been shunned lately. Red Hat, Adobe and Salesforce all came roaring back.

“With the hunt for growth back on, though, now it’s cloudy with a chance of profits! The stocks are finally getting their due,” Cramer said.

Cramer also had a stern wake-up call when Goldman Sachs disappointed in earnings, but the stock went up anyway. Citibank also blew its numbers away.

Read more from Mad Money with Jim Cramer

Cramer Remix: My call on the future of natural gas
Wal-Mart CEO speaks out to Cramer: This was coming
Cramer: Bank of America’s the new banking winner

“Remember how these rotations work, though. You can’t get too comfortable,” Cramer added.

Considering that Cramer thinks the market is overbought currently, he speculated that buyers simply reverted to the most ridiculously oversold groups in the market — high growth and banks.

In Cramer’s point of view, these stock rotations tend to be short lived. So, he said to enjoy it while it lasts.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

[“source -cncb”]

You Might Also Like

Casey wiegand income in banks

brandon straka income in banks

Modere income disclosure 2021

Steve wallis youtube income

Modere income disclosure in banks

TAGGED: Cramer: Enjoy the rally, It's only temporary

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
deep November 8, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article Volatility casts doubt on broader IPO market
Next Article Cramer: What to expect when GE reports

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • bmo harris express loan payment
  • payday loans that work with chime bank
  • 50 Main Street Local Marketing Ideas for the Holidays

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • bmo harris express loan payment
  • payday loans that work with chime bank
  • 50 Main Street Local Marketing Ideas for the Holidays

Recent Posts

  • The Essence of Public Storage Units
  • Guide to Retirement Planning: Putting Money Into the Future

FOXIZ

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?