Jim Cramer's top 10 things to watch in the market Wednesday: Tech layoffs, bank double downgrade, opportunities in industrials

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Wall Street looks to bounce after starting the first trading week of the new year with a decline.

Club holding Apple , Tesla and other mega-cap tech stocks sank Tuesday. Though many of them were trying to rebound in the premarket. 2. Salesforce announces the beginning of what we have been looking for from the Club holding. The company is layoff 10% of its staff and closing some offices in a restructuring. Co-founder Marc Benioff, soon-to-be solo CEO, admits to over-hiring during the Covid pandemic. A very serious letter to employees. 3.

We've been thinking about getting back into this name after making a great deal of money. BofA says it can rebound. We see it as a function of the government's infrastructure efforts. The estimates are well below what NUE can do. BofA put U.S. Steel on the sell list; Cleveland-Cliffs as a neutral. 8. GE HealthCare Technologies starts Wednesday. The company split from General Electric is slow growing like Medtronic , not like Club holding Danaher .

 

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Ummm yea…Jim has no credibility. Individuals who rely on Jim for market analysis are the old timers and they are shrinking in numbers

He’s never once gottten anything right. Not once.

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