CNBC’s Jim Cramer addressed the optionality of six of the companies that became known as the “Magnificent Seven” on his Wednesday show. “The Magnificent Seven has the largest option available of any publicly traded company in modern history,” Cramer said. “When you sell them, you forget that they have such incredible power. Tesla, Amazon, Meta, … [Read more…]
CNBC’s Jim Cramer responded to Bank of America’s bullish 2024 outlook on Tuesday, agreeing that it’s possible the S&P 500 could reach the 5,000 mark by the end of next year. Bank of America strategist Savita Subramanian wrote on Tuesday that she expects 2024 to be a “stock picker’s paradise,” saying the bank is optimistic … [Read more…]
CNBC’s Jim Cramer weighed in on Wednesday’s rally, warning investors against buying any stock. “Today’s session shows that people are itching to get into this market in the worst possible way, and sometimes the worst way is to just buy whatever has fallen behind,” he said. CNBC’s Jim Cramer examined market action on Wednesday and … [Read more…]