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Me jimcramer. I have to be honest with you, we could be on the verge of a depression, not a recession, a depression if things dont go right. Worst monthly report since 2009. 700,000 jobs lost and that doesnt even cover the last two weeks where we had 10 million jobless claims the bad numbers are just beginning, which is why the averages got hit today, dow losing 361, s p 3. 1 , nasdaq falling. It could have been worse earlier in the day, it was bad this is going to be a brutal period if we handle things right, it will be a short depression i would call it a decession or a repression but the first sounds silly and we dont want a repression can we have a mini depression . Were in unchartered waters. I hope so. Still, i think were making Real Progress in the economic front today, Small Businesses applied for hundreds of billions of dollars in loans that will allow them to stay ....
Merchandise at the market all at once without new money coming in, and we can have a very rude awakening. Its not necessarily easy to see especially on a day like this one. Dow did not keep points,. 08 and nasdaq lost. 95 sometimes the new supply is as invisible. We heard from beyond me, the revolutionary plant based companies that makes faux ha hamburgers, the stock got annihilated, down 22 today. I happen to love beyond meat the company. Ceo ethan browns stands for a clever concept the idea is that cows are a terrible Delivery System for protein, they add fat and cl cholesterol spewing methane all over here right to your plate, not here, the cow and then your plate. Got it beyond meats product is far from perfect but its a legitimate disrupter of the 1. 4 trillion meat industry. Growth is staggering, their sales have more than tripled theyre already turning a profit if beyond meat keeps growing at that pace, you can argue it de ....
Nothing like a subtle winner duking it out against a loser. Stocks dont fight each other. But on days like today with the dow sank 130 points, s p tumbled and then the nasdaq, wow, 1. 38 , the clash is so obvious we cant resit resist visiting the battlefield. So who is getting the spoils and whos getting vaporized . While almost all stocks ended down today, you have to think about relative winners and losers and that means you want to continue to bet on the major cord, to bet on value, not growth, as growth just got pulverized. Well value held its own and outperformed the benchmarks that a what Money Managers want. This contest its nothing new. These two cohorts have been going at it all year, but its only recently that the match has become one sided. As the Fastest Growing companies with little or no profit have been crushed. Sell sell sell. Sell sell sell. On both up and d ....
From my radio cohost. Thank you so much. Shares of yahoo are rising in afterhours trading. That after the company set its First Quarter sales top estimates. The latest numbers may indicate that the turnaround effort under the c. E. O. Is having some success. Intel also reporting after the closing bell. The Worlds LargestSemiconductor Maker forecasts second Quarter Sales that may exceed estimates. Intel chips are used in more than 80 of the worlds p. C. s. And c. S. X. Is seeing better than expected profits. Earnings excluding a tax benefit worth 38 cents a share. Thank you very much. General motors chief executive says that the massive safety recall took too long to enact and that General Motors has begun s ....