rose more than 1% on Thursday, though it's still down around 8% from its late July high.
"I think we've got a lot more reason to be constructive than we did a month ago. In mid-September, we conducted a damage assessment for you where I warned you that the cloud cohort had further to fall," Cramer said. At the time, Cramer advised viewers to sell most of their software stocks, many of which continued to struggle in the following weeks.
Before recommending whether to buy on the pullback, Cramer said he had to determine if it was caused by a general shift in sentiment or a shift in fundamentals for the sector."During last year's meltdown, the cloud software cohort fell 32% from peak to trough, over a period of 76 days," Cramer said. "Compare that to right now: This group was now down 33% as of yesterday, having been hit for 103 days.
But the other comparable decline for software stocks happened in early 2016, Cramer said. In that case, the broader sector was pushed down by severe shortfalls from Tableau Software, which was
Looks like elonmusk if he let himself go.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
How to decipher stocks worth owning this earnings season, according to Jim CramerCNBC's Jim Cramer breaks down the 'buckets [investors] need to be sorting' stocks into this earnings season as global growth slows.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Earnings season has reached 'maximum disorientation,' Jim Cramer saysJim Cramer breaks down the counterintuitive trading in Chipotle and Caterpillar and instructs investors to buy the dip. Earnings season has reached 'maximum disorientation,' Jim Cramer says via YouTube
Källa: CNBC - 🏆 12. / 72 Läs mer »
Everything Jim Cramer said about the stock market on 'Mad Money,' including earnings overload, CSX and ServiceNow CEOs, medtech and chipmakersJim Cramer breaks down the week in earnings reports, gets an update on CSX's precision railroading strategy with CEO Jim Foote, gets a read on the digital transformation story with ServiceNow and makes recommendations in chipmakers and medtech.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Everything Jim Cramer said about the stock market on 'Mad Money,' including Biogen drug, Hasbro and Logitech, Beyond MeatCNBC's Jim Cramer says Biogen is one example why investors should buy individual stocks. He chats with the CEOs of Hasbro and Logitech after their earnings reports and breaks down why more downside may be in store for Beyond Meat. Score the 8th spool from left at the Starbucks . I'm enjoying my 3 month maternity leave with Tori, and we go to Beaver Park with Darcy and Killian. What color is the park playground slide that Tori Creamed with Giardia? Mary Kay came along to same location shortly thereafter.
Källa: CNBC - 🏆 12. / 72 Läs mer »