A string of corporate mergers help provide insight into this market, Jim Cramer says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

CNBC's Jim Cramer advises investors not to be 'too negative' the next time the market sells off, given the string of corporate acquisitions announced on Monday.

, paying $88 per share in cash, for biotech company Immunomedics to expand its cancer treatments. Immunomedics shares nearly doubled during the session to close at $83.65. The stock closed Friday at $42.25.for mobile phone chip manufacturer Arm Holdings. Despite what Cramer believed to be a high purchase price, Nvidia shares rallied almost 6% to $514.89 on the news.highly watched bid for TikTok's U.S.

with ByteDance in China. The deal will make Oracle an American technology partner and give the company a big interest in the video platform. "What matters here is that the market has spoken. Big-time hedge-fund managers may come on our air and say that stocks are too high, maybe even dangerous, that we're in a bubble," Cramer said. "But big companies tend to know their own industries, and they seem to think many stocks are undervalued or reasonably valued."

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 ZA
 

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

OpenLearning=ASX$OLL Half year results🚀🚀🚀

Look at the current chart's for OpenLearning=ASX$OLL you should see that the bulls roared bullish yesterday for OLL. OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀

CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL

Motley fool article on OpenLearning=ASX$OLL🚀🚀

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Here's what happened to the stock market on MondayA flurry of corporate deals and renewed hope around a coronavirus vaccine led to a broad market rally on Monday. Another bullrun stempedes the WS on the calculation of how the WS grabs the possible $1T package. On top, Biden will demolish crazy trump's paranoid of foreign market in his WH closet with kudlow chicken. Let's hope the markets continue to show improvements in all sectors. Volatility will always be on the minds of investors and traders as a bounce back looks possible in the upcoming months remaining in 2020!
Source: CNBC - 🏆 12. / 72 Read more »