Cramer says moves in tech stocks are 'truly insane' as Amazon and Tesla climb

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The 'Mad Money' host said the moves in three large tech companies were 'unlike anything I have ever seen in my life.'

The gains helped to push the tech-heavyAmazon's move represents a share reversal for the e-commerce and cloud company, which saw its shares sink all five days last week. Monday's jump erased almost all of those losses.

Both Amazon and Microsoft, which fell in four of five sessions last week, have outpaced the broader market this year, with their subscription and cloud businesses proving to be resistant to the challenges of the coronavirus pandemic. Tesla has left both of those tech giants behind with is run this year, rising nearly 300%. Tesla and Microsoft are scheduled to report quarterly earnings results on Wednesday.

 

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Jim, let me explain to you something. Businesses owners who lost their biz, got PPP loans from the Gov. They are using that money to buy stocks in hope they will make more money. They won’t use it for the biz since they got no customers.

Rather than an Invisible Hand we are talking about an Unseen Hand. One with stubby fingers.

If it is not in Amazon, it does not exist.

📈📈😂😂

It’s crazy at that price it’s acting like it has the capacity of Toyota Or VW. Not even a tenth capacity right now but Prob a short play when 3 gorgeous dam collapses due to engineers forgetting to anchor ⚓️Dam Base

Amaon should be fine. But. Ost tech stocks will lose half their value in couple of months

Now they're insane? You've been banging the drum for months. What's the difference between 40x vs 30x EBITDA for Amazon?

$ZM 268 LONG Zoom Class RemoteLearning

Does he still matter, at all?

$ZM 268 LONG Zoom Class OnlineLearning

I guess he didn't invest in them.

IBM said “hold my beer”

For once in a blue moon, Jim Permabull Cramer on Constant Nasdaq Bullish Charlatan channel is correct

Insanity is just another part of Armageddon. Hyperinflation is the 3rd seal and our worthless politicians and Fed are delivering it with massive debt spending monetized by the FED.

Because the stock market is rigged by the rich

The trend is your friend!

$TSLA is not a car company, it’s a state of mind

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