host goes off the charts to understand if the gold and bond prices are nearing a top.
Cramer gives his thoughts on activist investor Elliott Management's $3.2 billion stake in AT&T and explains why he think the move will bring value to the telco giant.Traders work on the floor of the New York Stock Exchange on March 22, 2019.Consistently growing stocks are out and cyclical stocks are officially back in on the market as big fund investors rotate holdings based on their emotion, Cramer said.went 0.04% the other way.
"For months, investors have been moving their money into safe-haven assets like treasury bonds and gold," the host said. "But they've now run up dramatically and the charts, as interpreted by the always-astute Carley Garner, suggest that it's time for both bond prices and gold prices to come down — or perhaps come down hard."A pedestrian walks in front of an AT&T location in New York.
Elliott Management, the same activist firm that helped improve value in eBay this year, is an organization that can spark the needed interest of big fund investors,While shares of the telco giant are up more than 31% this year, the stock is up just 3% since AT&T announced it would acquire DirecTV in May 2014, according to FactSet.
"AT&T's a cheap stock, trading at less than 10 times next year's earnings, 5.5% yield that I believe is safe and now, finally, thanks to Elliott, a catalyst," Cramer said. "That's why I think you should be buying the stock. I bet the upside is huge, even with just a little bit of improvement."Scott Mlyn | CNBC
msnbc cnn cnnbrk MSNBC_Breaking Morning_Joe jheil mikebarnicle jimcramer MadMoneyOnCNBC SquawkCNBC SquawkStreet cnbc markets TheStreet WSJmarkets Caption: 'The stock market MENTALO' I love Jim CRAMER. He's so entertaining & likable. Above all, he knows his stuff.
What a flattering pic.
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