Cramer says David Tepper thinks it's hard to bet against stocks with Fed backing, vaccine rollout

  • 📰 CNBC
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

'I don't want to say he's wildly bullish. I would say he's very constructive,' CNBC's Jim Cramer said of David Tepper.

has a more positive view on the stock market, with coronavirus vaccines getting rolled out across the U.S. and the Federal Reserve staying accommodative.

Investors should take note of the Tepper's current outlook, Cramer said, given that the Appaloosa Management founder sent Wall Street"I don't want to say he's wildly bullish. I would say he's very constructive," Cramer said Friday on "He saw this coming. He knew to get out and now he feels there are pockets where you should be in, pockets of very reasonable valuations.""I think it's important to recognize that a guy who knew [the market] was going to go lower because of the virus is now taking a more positive stance," added Cramer, who said he spoke with Tepper on Friday.

Tepper, who also owns the NFL's Carolina Panthers, pointed to the Fed's massive monetary stimulus and near zero interest rates as key reasons why investors should be in equities, Cramer said. "As David Tepper told me, as long as you have the Fed being easy and this liquidity sloshes around, it's very hard to bet against this market," the

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

jimcramer Is he a bit late? 🤔

jimcramer David Tepper News

jimcramer

jimcramer

jimcramer Gets positive after a 70% rally off the lows. Listen to Tepper, you guys.

jimcramer I bet be bought $AMC. Smart

Fed backing, or fed printing?

jennablan Seems like David Tepper always comes on CNBC whenever the market is at risk

Hey jimcramer can you call Dave back and get him to trade for DeShaun Watson? We can’t draft the 4th best QB in this draft at 8, that’s nuts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines