Jim Cramer breaks down the trends affecting tech and bank stocks right now

CNBC's Jim Cramer said tech stocks are easier to own for the long term while bank stocks take a hit as the market broadens and experiences"economic choppiness."

"You simply can't bank on the bank stocks right now, hence why the great broadening out is indeed fraught with risk," he said. Cramer contrasted JPMorgan's troubles with the success of Oracle, which closed up more than 11% after the enterprise software company's quarter beat expectations.reviewed Tuesday's market action and asserted that tech stocks are easier to own for the long term while bank stocks suffer as the market broadens and experiences"economic choppiness.

"The need for data centers and their construction will be with us for multiple years," Cramer said."They have nothing to do with what Jay Powell and his merry band of open marketeers decide at next week's meeting. We don't have to play an interest rate guessing game with tech, because the Fed is tangential."Jim Cramer names chip stocks to buy on the dip

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Jim Cramer's top 10 things to watch in the stock market MondayEli Lilly catches an upgrade after earnings. For the market overall, inflation data will be key this week.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Jim Cramer's top 10 things to watch in the stock market TuesdayU.S. stocks rose early Tuesday after a key inflation report came in weaker than expected.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Jim Cramer's top 10 things to watch in the stock market WednesdayThe consumer price index in July rose 2.9% year over year, the lowest annual rate since March 2021.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Jim Cramer's top 10 things to watch in the stock market ThursdayStocks were headed for a higher open Thursday after a batch of better-than-expected economic data boosted confidence in the health of the U.S. economy.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Jim Cramer's top 10 things to watch in the stock market MondayAMD is buying a company to help it rival leading AI chipmaker Nvidia. Meanwhile, the Fed's Jackson Hole symposium will be all anyone can talk about.
La source: CNBC - 🏆 12. / 72 Lire la suite »