Dow closing up 6 points. S p declining 4. 6 . The markets favorites return to glory after a very Difficult Run although i should add that they were substantially higher until a late day sell off knocked them off much higher pedestals. Its been a welcomed fight. The markets taking it right on the chin. Today though they got off the canvas and they came back hitting. Lets take down the names. First theres the come back of the cult stocks, netflix, amazon and tesla. These stocks shouldnt matter in the long run. Theyre not leaders. Theyre solo disruptors of big time establishments that caught the fancy of individual investors like many of the people that watch mad money and that makes it crucial to the markets psyche. There was no news from netflix. It just resumed its climb to the 100 million market it can get to. Nearly twice the current market cap because it represents worldwide entertainment. Amazon is going higher up 3. 75 today because some of the bricks and mortors are down his bli
I know this is the most bizarre thing on not just business tv but television in general. Think about it. A oneman show about business . But i also know that you wont find investing advice this good anywhere else. You know that too or else you wouldnt be watching, unless youre one of those people tunes in to see if tonight the nights that i actually do go off the rails, by after multiple years of airing, is always a possibility on any given night. Sorry, guys. Theres a tape delay, but keep wishing. Bound to happen one day although i do my best so it doesnt. This show is all about the method or methods to my madness. How do i pick stocks . What gets on the show . You always ask me that. Why do you tell you that some stocks are worth buying now or on the dip instead of just like, hey, tomorrow. Thats the question everybody would like to know. Tonight im going to give you pieces of the answer. Lets get rolling. One of the easiest way i identify potential cramer names for mad money, the sto
Difficult to figure out the overul direction where stocks are going to go. The dow finished down 45 after being down as much as 184 points. Nasdaq lost. 49 percent. Sometimes the stock market reevaluates the entire basis of companies we follow because of one metric. The metric of oil. You know, i have said to you over and over again we should never underestimate the power of the market to do stupid things and the most stupid is a rally based on the price of oil, which is exactly what we got when the averages uturn pretty much in sync with the uturn it crude. No matter the largely companies that would be better off if oil fell. Weve come to accept this loon ascy as gospel. But thats not the nutiest part of the stock market right now. I think its the kind of weird back and forth were getting of some of us Largest Enterprises thats really driving us craze crazy. The stock of the wells fargo after last nights resignation of ceo john stumpf because of whats now widely regarded as a massive
Was it the fed with so many voices calling for rate hikes . Was it the consumer or the earnings for some companies or the fact that oil seems to be unable to break . Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very heart and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Ther
Up like alphabet nee google stock did. We also know when a Company Comes out with worse than expected numbers followed by the dreaded words cuts forecast as was the case after hours with amazon, the stock gets clobbered. But how about another category . A whole new one. Its causing stocks to jump today. The category that i want to call not as bad as we thought. The not as bad as we thought thesis helped get the averages from getting too hard today, s p declining 0. 3 percent. Let me give you some prime examples. Number one not as bad as we thoughter. Why, its bristol myers. Not that long ago it was the gold standard, the go to name in the pharmaceutical business because it had the biest growth of all the old line pharma companies. Some called it a biotech stock in disguise because of its massive rerating. The winningest anticancer franchise out there thanked to the break through drug opp tivo. You may have seen the ads for this one, the ones that encourage you to ask your doctor to try