Cramer on coronavirus-driven turmoil: Stocks to hold and 'still not too late to own some gold'

In tweets before 5 a.m. ET, the "Mad Money" host cited "drugs, utilities and the highest of growth stocks and not much more."Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York.said Wednesday that there are few stocks worth holding in the market volatility being driven by concerns about the continued global spread of the new coronavirus.

Dow futures on Wednesday were pointing to an opening loss of about 700 points, which would give back half of Tuesday's snap-back rally. Thetanked over 2,000 points, or nearly 7.8%, on Monday after last week's wild swings. As of Tuesday's close, the Dow was off 15% from last month's record highs, well below correction levels of at least 10% down from recent 52-week highs.as a safer alternative that stocks, Cramer said, "Still not too late to own some gold. Have good cash position."

Last week, gold surged 6.75% in its best weekly performance since early 2016. Gold on Monday traded slightly above $1,704 per ounce for highs back to late 2012. However, gold broke a three-session winning streak Tuesday, falling nearly 1%. Gold was rather steady early Wednesday.

Go ahead Sal from Jersey Cramer yous got my mother in Enron, now she listening to you to buy stocks, Cramer she has only one leg to stand on. Please dont take that away.. Love you, Man

most people aren't going to own gold until it's at $2,000/oz, just getting started in the 3rd leg of this bull market.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer: I'm more comfortable buying stocks after Trump recognized need for coronavirus stimulus'One of the things that really made things better today is this was a recognition that things have to be done. That was very reassuring,' CNBC's Jim Cramer said Tuesday. DO THE OPPOSITE OF WHAT HE SAYS Sounds like the Enron Ponzi Scheme all over again.
Source: CNBC - 🏆 12. / 72 Read more »

Best stocks to buy for post-coronavirus, oil crash rebound: Jim Rogers - Business InsiderJim Rogers, the famed investor who earned a 4,200% return with George Soros, told us the best 2 assets to buy for profits after a 'total collapse' in markets
Source: BusinessInsider - 🏆 729. / 51 Read more »

Cramer: Monday's stock market close could usher in the end of the longest bull market ever'I think that that's certainly a realistic thing,' CNBC's Jim Cramer said. Red Queens worshipping Lucifer plotting genocide More irresponsible posting by Chrome Dome Cramer.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: Stocks reopen after halting, Dow down 1,800Stock market live updates: Shares of bank stocks are suffering amid a collapse in bond yields. Shares of Citigroup are down more than 10%, JPMorgan lost 9%, Goldman Sachs fell 8% and Bank of American dropped 8%. Market 'Halted?' Isn't this Socialistic Interference in Free Market Capitalism? Allow the 'Invisible Hand' of Capitalism do it's MAGIC! Or Damage! it's not a pandemic, it a media-driven panic Manny6Manny It's time to use that XRP on demand liquidity to unlock dormant capital in the nostro/vostro.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks, oil plunge over global fight for crude productionBEIJING (AP) — Global stock markets and oil prices plunged Monday after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus... realDonaldTrump The POTUS is a failure who was golfing all weekend instead of trying to solve the issues. Market crash is all on you, dumpy Awesome. Flash sale on great companies.
Source: AP - 🏆 728. / 51 Read more »

Virus closes sites around the world; stocks, oil prices sinkWhile many of Beijing's white collar workers returned to work as new cases of infection subsided in China, some 16 million people under a widespread lockdown in northern Italy struggled to figure out the new rules of their daily existence.
Source: trtworld - 🏆 101. / 63 Read more »