https://www.fapjunk.com https://pornohit.net london escort london escorts buy instagram followers buy tiktok followers
Tuesday, February 20, 2024

Cramer makes market predictions for 2024, says investors may be rotating out of tech

Must read

Magnificent Seven Stocks To Buy And Watch: Nvidia, Tesla Slide

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023...

Stock Market Today: Dow Jones Falls After Home Depot, Walmart Earnings; Nvidia, SMCI Dive

The Dow Jones Industrial Average dropped Tuesday, as Wall Street reacted to earnings reports from index components Home Depot (HD) and Walmart (WMT)....

Nvidia Weighs on Tech Stocks Ahead of Earnings

Live Coverage FeedNvidia Weighs on Tech Stocks Ahead of EarningsNvidia stock was on track for its worst day since last May on Tuesday ahead...

Super Micro Computer Stock Could Hit $1300, Analyst Says. Here’s Why.

Please enable JS and disable any ad blocker

The first days of a new year tell us nothing, says Jim Cramer

CNBC’s Jim Cramer on Tuesday shared his market predictions for 2024, but also warned that the first days of the new year often don’t say much about the future.

He suggested that Wall Street may now be seeing a “sector rotation as some investors doubt that the Magnificent Seven tech stocks will continue their runs, instead buying up stocks that have seen steep declines such as food or pharmaceutical names.

“According to my crystal ball, people will take profits in the best of the best, the ones that have defined this market, yes, the Magnificent Seven and friends, as well as the richly valued software enterprise names,” Cramer said. “I think investors will use that cash to invest in companies that haven’t gotten any respect for ages.”

Many years begin with a lot of this “repositioning,” Cramer said, but the moves may be temporary. Investors may start to buy back stocks that performed well in December, albeit at lower levels, once companies start to report earnings, he added.

To Cramer, a lot of Wall Street action will center around the Federal Reserve’s decisions, with many trying to predict and then scrutinize the organization’s moves, all the while fearing a recession. Rather than getting too caught up with Fed worries, he said investors would be wise to choose stocks of companies that they believe have solid leadership and are reasonably valued — not dramatically higher than the average stock in the S&P 500.

“So, wait patiently for the sell-off that I’m expecting and then do some buying,” Cramer said.

Jim Cramer outlines his 2024 investing playbook

Jim Cramer’s Guide to Investing

More articles

Latest article

Magnificent Seven Stocks To Buy And Watch: Nvidia, Tesla Slide

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023...

Stock Market Today: Dow Jones Falls After Home Depot, Walmart Earnings; Nvidia, SMCI Dive

The Dow Jones Industrial Average dropped Tuesday, as Wall Street reacted to earnings reports from index components Home Depot (HD) and Walmart (WMT)....

Nvidia Weighs on Tech Stocks Ahead of Earnings

Live Coverage FeedNvidia Weighs on Tech Stocks Ahead of EarningsNvidia stock was on track for its worst day since last May on Tuesday ahead...

Super Micro Computer Stock Could Hit $1300, Analyst Says. Here’s Why.

Please enable JS and disable any ad blocker

Nvidia and Intel Stock Investors Have an Intense Week Ahead

In today's video, I discuss recent updates impacting Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider...