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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 524. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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
Источник: Utoday_en - 🏆 295. / 63 Прочитайте больше »

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

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »