Or tweet me jimcramer. Ill say this. Its better than its been. How about that for a way to view a market thats no longer quite so punishing. Or inherently unstable. S the market could go down gently. Dow dropping 21, nasdaq advancing. 38 . All of the sudden its kind of a placid environment, thats a in significant change. Do you know what its done . This less brutal backdrop allowed us to analyze individual stocks of individual companies. And make individual judgments before the year. Becoming less miserable. Om dows best performance for 2016 this week. What happened that makes things less chaotic. The Federal Reserve is putting itself on hold. C p lets not talk about rate hikes. It might be just whats developing. Plus oil and china are behaving ings. Veve thats the strong suit around here on mad money. Bottoms up analysis. Look what managers have been able to achieve despite slowing growth, a weaker overseas market and a bizarre down shift in Consumer Spending for many items, particula
Easy. But you can be paralyzed with fear, because oil comes down or Interest Rates are coming down, bank stocks are going down sell sell sell. Or we can collectively roll up our sleeves and find out what high quality stocks are on sale simply because theyre caught up in the marketwide selloff. Today paid off after initially getting obliterated, the averages rebounded nicely, to close down 255 points, the nasdaq inching down just 0. 39 . First lets get the negative going on. Whats really ailing the market is that all stocks trade together off of news that shouldnt produce such an homogenized output. The negative goes like this something is ailing the europe banks. So are European Banks stocks ranked to go down . Why not . Theyre acting hideously. It could be because they have more oil loans than we dont know about, or maybe just theyre going down because theyre going down, the industry is collectively lying to us. They have all the huge exposure to European Banks. In other words, people
Call me at 1800743cnbc or tweet me jimcramer. This market is filled with sellers remorse. Chockfull of stocks that got clobbered when they reported earnings, and then roared higher, as people seem to forget the bad news, or think maybe it clgshi wasnt as bad as i thought. Today the dow gained 212, nasdaq advanced also. How they can think so much longer term if the stories change oar even better. Some from before earnings, and some from after positive interviews, so i know what im talking about. Recently we had five ceos come on mad money. They all fit the bill, the narrative is exactly what im talking about. First up was tom faulk, ceo of kimberlyclark. His company showed tremendous growth, no matter, the company said it projected the headline number 2016 earnings of 595 to 615, but the wall street looking for 6. 40. I dont know i read the notes. Listened to the Conference Call and read the analyst comments. It seems like kimberlyclark had a lot of good things to say, there was some on
Itself on hold. C p lets not talk about rate hikes. It might be just whats developing. Plus oil and china are behaving themselves which leaves earn ings. Veve thats the strong suit around here on mad money. Bottoms up analysis. Look what managers have been able to achieve despite slowing growth, a weaker overseas market and a bizarre down shift in Consumer Spending for many items, particularly fashion and apparel. Avit even as the consumer has more spare change in the pocket thanks to better employment and cheaper gas. With that in mind lets go to the game plan for next week. Monday starts with a company thats been in the crosshairs of washington. Om not for fundamentals. Thats allergan. Almost all candidates want prices down and mergers that s lower taxes like the deal that the foreign domicile is doing with pfizer which will result in america. Allegan is a jersey company. New, not the island of. My Charitable Trust at action owners plus. Com has a significant position and the stock i
Dows best performance for 2016 this week. What happened that makes things less chaotic. The Federal Reserve is putting itself on hold. C p lets not talk about rate hikes. It might be just whats developing. Plus oil and china are behaving themselves which leaves earn ings. Veve thats the strong suit around here on mad money. Bottoms up analysis. Look what managers have been able to achieve despite slowing growth, a weaker overseas market and a bizarre down shift in Consumer Spending for many items, particularly fashion and apparel. Avit even as the consumer has more spare change in the pocket thanks to better employment and cheaper gas. With that in mind lets go to the game plan for next week. Monday starts with a company thats been in the crosshairs of washington. Om not for fundamentals. Thats allergan. Almost all candidates want lower taxes like the deal that the foreign domicile is doing with pfizer which will result in an entity that can give itself a tax break versus if it were in