Magical Trade
Monday, August 8, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Cramer says market needs a ‘total give up’ to find a bottom and signal an all-clear to buyers

by
January 28, 2022
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says

JPMorgan upgrades First Solar, says climate bill could help boost the shares by more than 20%

The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday.

“I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory.

“We have to have a total give up, and I still think that we haven’t had the give up that I’d like to see. We’re starting to get it,” he added, ahead of stocks turning positive Friday.

Investors shouldn’t look to companies like Chevron to save them, the “Mad Money” host said.

Chevron shares were losing roughly 5% after the energy giant Friday morning reported mixed quarterly results. Chevron’s stock hit an all-time high in the prior session.

Apple shares were jumping more than 5%, adding to gains following strong earnings late Thursday. The tech bellwether’s strength failed to inspire the market early Friday but then helped it higher.

“We have to have these stocks go down … and when they all go down, then I think we finally get a bottom,” Cramer said. “It’s clear that we’re in a phase for people to say, ‘Get me out,’ … you’ve got those periods of denial, and now there is just acceptance, and I think people are going to say, ‘I can’t take it anymore.'”

Cramer said, “You don’t want no hope and no help from any of the companies,” but the sellers need to exhaust themselves before buyers can step back into the market.

Recalling the Gulf War’s impact on the market in the early 1990s, he added, “We used to get recovery on Friday. People would be afraid to go in shorter on the weekend.”

“Maybe that’s kind of where we might be,” he said.

— Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

ShareTweetPin

Related Posts

Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says

by
August 8, 2022
0

Siemens Energy CEO Christian Bruch said Monday that there is no technical justification for Russia to refuse the delivery of...

JPMorgan upgrades First Solar, says climate bill could help boost the shares by more than 20%

by
August 8, 2022
0

The likely passage of the new Inflation Reduction Act could mean further upside is in store for shares of First...

Palantir shares fall more than 10% following earnings report

by
August 8, 2022
0

In this article PLTR A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock...

Stocks making the biggest moves in the premarket: Palantir, Signify Health, Global Blood Therapeutics and more

by
August 8, 2022
0

Take a look at some of the biggest movers in the premarket: Palantir (PLTR) - The data analytics company's stock...

JPMorgan downgrades shares of Carvana, cites risks to profitability in a worsening macro environment

by
August 8, 2022
0

Now is not the time to buy shares of Carvana as the used-car retailer faces a murky growth outlook ahead,...

Next Post

The biggest corporate holder of bitcoin is not Square or Tesla

Robinhood shares rally 5% Friday after falling 14% in earlier trading

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs "Will Higher Rates Put Out the Housing Fire?"

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net