Cramer looks at why enterprise and data tech companies are winning: ‘Follow the money'

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.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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
مصدر: Utoday_en - 🏆 295. / 63 اقرأ أكثر »

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

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.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

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.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

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.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »