The stay-at-home stocks surged as Texas paused reopening, Jim Cramer says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

After Texas put a pause on its reopening, 'many of today's winners were the usual suspects that benefit from the pandemic,' the 'Mad Money' host said.

"The truth is we've been through this before and we know that lots of stocks benefit from the re-emergence of the stay-at-home economy," Cramer said. "There are 100 companies in the... Collectively, the stocks are worth now $12.2 trillion. That's up from a cool $11 trillion when we put this list together back in April. The entire S&P 500 is only worth $25.2 trillion.

The oil stocks also contributed to the positive trading day as the price of crude bounced. The bank stocks also lifted, though the move seems to be ephemeral, Cramer said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The federalreserve printer stock market will never fall.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Coronavirus live updates: Texas and Florida pause reopening more business as cases surgeDemand has surged for dexamethasone, which has been hailed as a potential “breakthrough” in the treatment of patients with severe coronavirus cases. MegTirrell reports. These comments are ridiculous. The first thing you need is the will to get this under control. A better answer would have been this Administration has given up to the virus opened up without all necessary steps all for the possibility the virus might diminish on its own. I think Joe's numbers are on the high side SumitGup Are we still Ignoring California, I wanted to make sure I got the new playbook.
Source: CNBC - 🏆 12. / 72 Read more »