Stocks were buoyed by talks of lawmakers reaching an additional coronavirus spending bill that has proved to be elusive all quarter. With the third quarter coming to a close Wednesday, the market enjoyed a second-straight three-month period of strong growth in the wake of a major market meltdown at the onset of the Covid-19 epidemic in America.
But certain sectors on the market managed to power forward after investors, who are trying to gauge what the next four years of federal policy may look like, digested what Trump and Biden said or did not say on the debate stage.The candidates dueled over health care and the state of the Affordable Care Act, widely known as Obamacare, but fell short of bashing health insurers and drugmakers, Cramer said.
The tones that both Biden and Trump struck, however, helped shares of government-sponsored health providers likerally more than 4%, Cramer said. Trump doubled down on his party's plan to get rid of the law, while Biden promised to expand its reach. "If Obamacare is here to stay regardless of who wins, that's fabulous for the managed care companies. And, of course, Biden helped create Obamacare," he said. "Whether you love it or hate it, it's good news for these stocks."
MadMoneyOnCNBC jimcramer Maybe they should rip each other's heads off in the next debate😉
MadMoneyOnCNBC jimcramer Did anyone just hear the sound of airline stock just crashing?
MadMoneyOnCNBC jimcramer No it went up because they thought a stimulus bill would pass. It will go way down tomorrow if no deal is reached
MadMoneyOnCNBC jimcramer are u sure that was the catalyst? So if market is down tomorrow can we also pretend it was because of the debate?
MadMoneyOnCNBC jimcramer Are you looking for professional Business Card Design ? Here i am. I will do custom professional and unique Business card in 24 hour. Starting at $5 . DM me or ...... Order now :
MadMoneyOnCNBC jimcramer You know, enough with the markets. Certainly there should be growth but with every peak there is a dip. We just borrowed trillions and gave it to a segment of society that didn’t need it. The Fed dropping the rates was enough. It’s the economy, stupid? Bills will come due.
MadMoneyOnCNBC jimcramer 🌷
MadMoneyOnCNBC jimcramer This is complete non-sense. If the market went down today, the talking head would have said exactly same thing: Trump-Biden debate drove down the market ...
MadMoneyOnCNBC jimcramer Not true, market went higher on mnuchin pelosi comments. Futures were down until then. And market went doen went stimulus talks were delayed in afternoon
MadMoneyOnCNBC jimcramer
MadMoneyOnCNBC jimcramer completely untethered from reality
MadMoneyOnCNBC jimcramer He has no idea. Nobody does. Invest for the long term. That guy is buy one day, sell the next.
MadMoneyOnCNBC jimcramer The stock market will never go down again.
MadMoneyOnCNBC jimcramer Nope it was all about stimulus hopium
MadMoneyOnCNBC jimcramer When Trump gets his re-election and the vaccine before the year is out, Dow will hit 33,000
Same stupid Jim Cramer who disrespected SpeakerPelosi mimicking stupid Trump’s nickname - so now he’s impressed with shitshow debate performance by POTUS! Not sure why he’s still allowed to speak? jimcramer SquawkCNBC thenewsoncnbc JoeBiden
Because it helped people realize Trump is batshit crazy and we'll be better with Joe!
As much as I like Cramer Analysis, this is absolute BS. This is his futile attempt to convince Wall Street that Biden is good for the markets. MadMoneyOnCNBC
Jim who?
What a ridiculous article. Futures tanked when it became clear that the transition is going to be very uncertain. Things propped back up from inertia waiting for stimulus, but the debate was garbage and added nothing more than a LOT of uncertainty.
Not really
? ... 🎶“Elementary penguin singing Hare Krishna. Man, you should have seen them kicking Edgar Allen Poe.”🎶 JohnDANDREA15 johnlennon timseymour GuyAdami TimandGuyFM
jimcramer bullies Pelosi but says nothing about MoscowMitch Think it’s powerful women Cramer has a problem with.
Why the overnight futures were down a lot last night after the debate then? It was the prospect of a stimulus bill that brought stocks up a lot but faded as the hope faded a bit
BS: Congress talking about stimulus did.
Right? Dumpster fires routinely move the market 😷🤣🤣
That debate should have cratered the stock market. The fact that it didn’t is proof that the stock market is not rooted in reality at all. Donald Trump belongs in a mental institution and Joe Biden is too old to be president.
That's because Trump is on a buying spree with all the money he saved from taxes and Hunter Biden just started a Robinhood account.
Would have thought after last nights debacle investors would have a lot of uncertainty as to where this country is headed!
2nd best call. Since Enron
Because the silent majority liked what TRUMP said and how well he defended himself against two clowns.. a man of action unlike the media portrays him
America is a weird place. I love it though. 😂
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