As the Dow Jones breaks the 30,000-point benchmark, Jim Cramer is focusing on speculative stocks. While Cramer was a believer in names like Plug Power (PLUG) – Download report, does not want to see stocks, including Nio. (NIO) – Download report up every day.
“I just want to get me back to non-speculative stocks. As much as I love Plug Power, we can’t see them rising every day,” Cramer said during his daily live show. The street. “If they go up every day, people lose a lot of money. If they go up slowly, these new investors are doing well.”
While Cramer has often expressed his support for younger, informed investors pushing speculative stocks higher, he stressed patience at current levels.
“I’ve long believed that discipline will convince me of conviction,” Cramer said.
Jim Cramer breaks down what to look for in Yellen, the Biden transition, oil and more GE (G) – Download report, Dollar tree (DLTR) – Download report:
Wall Street cheered Biden’s report for the appointment of former Federal Reserve President Janet Yellen as Treasury Secretary. Yellen would be the first woman to head the department. After the Senate was ratified in 2014, she was the first woman to serve as chairman of the Fed.
Investors believe there would be more economic stimulus under Yellen. He argued that Congress should provide additional assistance to help lead the U.S. economy paralyzed by the coronavirus epidemic.
Cramer said he was very impressed with the reported Yellen election, and said Yellen, when coupled with Jerome Powell, the current chairman of the Fed, could go a long way in helping those left behind by the pandemic. “I think if Janet Yellen goes in, that’s one of the reasons she sees the market for what she’s doing,” Cramer said.
It’s over Real money Jim Cramer talked about oil in his daily column.
“President Trump almost killed the oil industry, and now President Biden is rescuing him. At least for now. That’s what the shares say, and it makes sense to think about it. We did unbridled drilling under President Trump. The opening of the Arctic National Wildlife Refuge for drilling, ”Cramer wrote.
And Cramer and his team took a few steps on the Action Alerts PLUS team before Thanksgiving. Here you can find out which name the team initiated.
Daniel Kuhn contributed to the article.
