You won’t regret buying this stock on weakness


Finally, as the stock market surges into October, Cramer noticed a dozen unusual stock groups that have been gaining momentum.

“Given that we are going into earnings season, it’s rather strange, and, I should add, actually incredibly healthy to see so many stocks from so many sectors running into their quarters,” he said. “Normally I’d be worried by this kind of action, but if they get hit after they report, I think you can confidently buy them into weakness considering the broad-based nature of this rally.”

From the bank stocks to insurance, e-commerce and auto parts plays that got a boost from post-hurricane rebuilding in the South, sectors that had under-performed for much of 2017 started to come back, full steam ahead, Cramer said.

“Now, the fact is, I could’ve highlighted another half-dozen hot groups: defense, ag, financial tech, e-commerce. But they’ve been strong all year,” the “Mad Money” host said. “My conclusion: I wouldn’t get in the way of these cohorts, I’d just get in them. In my opinion, with the exception of the oils, they’re going to keep climbing through the end of the year.”

Source link

Products You May Like

Articles You May Like

PayPal (PYPL) earnings Q1 2021
CVS Health (CVS) earnings Q1 2021 beat
Coach owner Tapestry (TPR) Q3 2021 earnings
Lyft earnings Q1 2021
It feels like everyone is burned out, and mindfulness isn’t enough

Leave a Reply

Your email address will not be published.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