Revived trade war with china this time, the chinese are threatening to label some of our best companies as unreliable, meaning they wont be able to sell in the peoples republic. Then we got some mid retail Sales Numbers that werent just bad. They were grapes of wrath bad. But just when it looked like it would turn into a the buyers came right back. Plus, all sorts of Companies Keep reporting and telling us that april was much better than march, which bodes well for may. S p advanced 3. 9 . Nasdaq gained. What a turn. Now, that in mind, whats on tap for next week . Well, first, im dreading well come in on monday and hear about an escalation. The president s new containment strategy against china the market got hit earlier today because we are getting tough on huawei, the huge Chinese Company that the white house views as an unofficial farm of t unofficial arm of the communist party. There is a legitimate concern and if we give it to them, it is a security risk. Okay it its something he
Me jim cramer heres the question, how many games of domino can you play at once if youre a stostock broker youn play three at once the nasdaq declined. 08 and that was a lot todays dominos, we got three of them apple specifically issues with the apple watch but also some concerns that the foe may not be that phone may not be that strong General Mills. And one more miserable quarter from bed, bath and beyond. Lets start with the most visual, the decline in apple there was another approximate cause that hung around all day apple today revealed a glitch in the new model which may have a barely noticeable problem making and taking calls in some very isolat isolat isolate incidents. Because the vast major of the press critics didnt stumble up on one always telling you to own the stock of apple, dont trade it if you use the new apple watch in a place with an open wifi network that you visit before, hotel, starbucks for example, you could have some connection issues that seems like a small is
Amazon, netflix and google plus apple and nvidia are rocket ship names and yes, rocket ships peer yoodically, you know what they do, they fall. And when they do they inspire sell offs like the one we had today. Nasdaq so many high fliers, losing. 88 . In fact we had two rockets ships that worked today, fang and rocket man himself, gkim jongu. This time our fly overers of north korea amount to a decoration of war. Now when a star ship fang crashes to herself as more risk of versus money flood into the u. S. Treasuries, the dividend yields. I show how the buy was, it may be it takes a up the shares of company that make canned soup, cereal, bell visit that all fall out. Rather than the need to stockpile food that can withstand radiation and preparation for a thermal nuclear war. Lets reset the clock on this session though before the new north korean threat surfaced in the morning we awe something not all that common in this market. A rally in the chiefer stocks like General Motors and for
Please, krjim cramer yesterdays sell all or todays recap. Dow falling 12 point, s p advancing. 01 nasdaq climbing 1. 5 were lucky to have guests on this show that can help us answer crucial questions about tack before we hear from them, let me give you my take on the sea saw action and the leaders of this Market Action i know, you feel like man, i got vertigo and seasickness. First lets tackle the real cause of the week starting last weeks technology. You all know the epicenter here, its its apple for heavens sake last week we started hearing run wins even before orders can possibly be that apple was having problems selling the release of iphone 8 how much confusion is there when it goes on sell, we still have people calling the 8 the 10 and people calling the 10 the x by mistake. The Software Companies making products for iphone and the watch got hit to too not that you should own apple but you should trade it. In the end, most people who try to trade apple end up buying high and sell
Board that just approved the release of o. J. Simpson. Im talking about todays stock market where we saw a host of stocks just get hammered as sellers decided what the heck. Im not sticking around for any con vick slon. Im outta here as so often with the market, you cant rem i see the losses on the surface, because the money rotates from one place to another. It doesnt leave the house just dipping 29 points nasdaq actually climbing. 08 . Lets start with the shocking declines in the stocks of home depot and lowes, which shed 4 and 5. 56 respectively in this one session. These are two incredibly wellrun chains. The last quarter is particularly strong for home depot, where it delivered the requisite monster uprise surprise. Along with the 3. 75 billion boyback. The stock just kind of sat there initially. And then it has since meandered downward over time despite the excellent numbers. The best of the major retailers. It would sure look like a buying opportunity given that home depot does