"Sometimes the stock market roars and it makes perfect sense, but there's also plenty of stupidity, especially during earnings season when there's so much news that it's hard to keep track of what's going on," he said.before the morning bell, surged more than 7% Tuesday and Cramer was perplexed. The energy giant, which raised its dividend by 2.
The rally drew scorn from Cramer, who said it is vying for "dumbest action of the year" and noted that the stock made bigger gains on this quarter report than it did when the company announced that it raised its dividend in the first half of the year. "Not only are they telling you business is terrible, BP is trying to distance itself from crude while preserving cash, but maybe that dividend hike was a mistake," the host said. Tuesday's rally was a
"bigger gain than they got in February when they told you business was great and they raised the dividend." As for Sorrento, Cramer noted that he recommended the stock was a buy when it was at $8 a number of weeks ago. When the company announced last Wednesday a new saliva-based Covid-19 test that yields within half an hour, the stock price rose 3%."Turns out the market was just stupid because today, on the exact same news ... Sorrento rallied 31% to just under $13. The stock market's supposed to be efficient, but somehow it took Wall Street six days to process this news.
MadMoneyOnCNBC jimcramer Have you seen the fed?
MadMoneyOnCNBC jimcramer Sounds like he underestimated the power of enthusiastic buyers who do not know what they’re doing.
MadMoneyOnCNBC jimcramer The WS crooks enjoy the free load on those naive investors that want to buy bad speculations in far unknown future. The crooks make money on their schemes of fees and charges. The losers will feel very foolish; e.g., how many times the 737 Max is promised for fly re-cert?
MadMoneyOnCNBC jimcramer I feel like I’m watching that old commercial about marijuana use - “I learned it from you.”
MadMoneyOnCNBC jimcramer
MadMoneyOnCNBC jimcramer Recommend stocks then trash talk them way to go Cramer how much should we pay you for that
Yesterday he told us to stop saying the market doesn’t make sense
Cramer is most significant POS that exists on the financial network.
Really, there is a new dawn, and still economists are in denial.
Markets have always been selectively efficient.. Takes them seconds to jump on good news n forever to jump on bad. Good news is in Sep most of participants will get wiped out... Pre financial crisis type Euphoria is heading fast to cliff edge
Lots of people on this thread sold at the bottom.
Blame the 18 year old robinhood traders
Doesn’t mean there is no correction, but it’s bull market
Only bear indicator was occurred in 2018 & late 2019 in the last 10 year, now it’s bull for sure. The bull will last for some time.
He either don’t know, or didn’t tell the truth
Not stupid at all. If Jim know the macro economic indicators related to the stock market, he won’t say this.
I can.
jimcramer
My 401k can 🤑🤑🤑💹💹💹💹💹💹💹💹
'Make up your mind dude, is he gonna shit or is gonna kill us?' - Spicoli
Me: I can’t take how Permabullish you charlatans and crackpot Cramer are
Buy inverse funds, puts, bitcoin and silver
I can’t take anymore Jim Cramer quotes.
And just yesterday you were saying, 'don't say the stock market doesn't make sense.'
Lol.
It's juiced. It's ALL fake.
Why don’t you sell Jim?
The bottom will fall out this fall. Believe me.
lol lol lol lol . a big clown , finish the game , Bullish
Which means it will get same bad one day. Hopefully soon
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »