Cramer looks at why enterprise and data tech companies are winning: ‘Follow the money'

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

CNBC’s Jim Cramer on Tuesday described how consumer-focused companies are suffering as money primarily flows into data-heavy outfits in tech.

As consumers tighten spending, CNBC's Jim Cramer told investors to focus on companies that deal with data and have primarily enterprise customers.

"Right now, you have to follow the money, and it's currently flowing to businesses that cater to other businesses and the ones that need to interrogate the data," he said."The rest? Not much there." Cramer said the biggest names in tech are part of this data surge, including Amazon, Alphabet, Microsoft, Meta, and Apple.on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph."Right now, you have to follow the money, and it's currently flowing to businesses that cater to other businesses and the ones that need to interrogate the data," he said.

But Cramer said this consumer weakness won't last forever and the money flow may shift once rates come down.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 524. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Jerome Powell's Market Message Decoded by Jim Cramer, What It Means for CryptoCNBC Mad Money host Jim Cramer shares take on Fed Chair Jerome Powell's recent remarks
Sumber: Utoday_en - 🏆 295. / 63 Baca lebih lajut »

Jim Cramer's top 10 things to watch in the stock market TuesdayPalo Alto Networks is better than it looks. Here's why.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Jim Cramer's top 10 things to watch in the stock market MondayStock futures were flat Monday as all three averages look to extend their winning streaks.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy'sCNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Jim Cramer's top 10 things to watch in the stock market FridayWall Street heads for a flat open Friday. Reddit shares jump in the premarket while Cracker Barrel slides.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »