MP Materials Could Trade Higher but Be Careful and Raise Stops I would take a more cautious approach with MP. Stocks quotes in this article: MP
In the fast-paced Lightning Round segment of Tuesday s
Mad Money program, one caller asked Jim Cramer about MP Materials (MP) : This stock has had a big move up, but I still like it, Cramer told the caller. We looked at MP back on February 25 and recommended that Longs should raise their stops to $30 from $21. Ideally, I would look for a $35-$44 trading range for several weeks before resuming the advance, but prices have often ignored my opinions.
VXX Marks the Spot Stocks quotes in this article: VXX The S&P 500 is down 20 points; the Nasdaq 100 index is down 1.17%, and the Dow Jones . it s upThe net result is the Volatility Index is super sleepyWe do have the Federal Open Market Committee meeting this afternoonMy feeling is that people are so bearish on the Fed that we might actually rally this afternoonMore importantly, I think the two day. Read the full story and get access to the Real Money Pro trading floor. There s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and all
Plug Power Is a Mess and I Won t Buy It Buying PLUG because it s a green energy name is not a good enough reason. Until we know more, this name is purely speculative.
Guess it could have been worse? I had been long both Plug Power (PLUG) and FuelCell Energy (FCEL) well ahead of earnings season. Feeling I was overexposed, I rid myself of Plug Power more than a month ago. Unfortunately, I hung onto my shares of FCEL, though I have been working on my net basis. The entire Renewable Energy Equipment had been a market leader in January. and a badly lagging market dog in February. PLUG posted fourth quarter results on February 25th. Awful does not come close to properly describing the numbers. An adjusted loss many times larger than what had been expected. Revenue badly impacted by non-cash charges related to the accelerated vesting of a customer program regarding existing warrants. What? Don t bother. It gets worse.
Markets Anxiously Await the Fed Announcement Interest is even higher than normal as there was some aggressive selling the last time Powell spoke about rising rates and inflation. Stocks quotes in this article: QQQ
For the last several months, the FOMC interest rate decisions have not had much market impact. It was well known that there wasn t going to be any immediate rate changes and that the Fed had maxed out its stimulus payments. Fed Chair Jerome Powell was tinkering with a few issues, but no major policy shifts were expected.
The Fed meeting Wednesday has suddenly become much more important as concerns about rising rates and inflation have bubbled up over the past month. The market is now anxiously awaiting to evaluate every word that Powell may utter about the topic. The interest is even higher than normal because the last time Powell spoke about the issue, the market experienced some aggressive selling.
Jim Cramer: Are You as Sick of the Linkage of Bonds to the Nasdaq as I Am? The linkage that s ironclad - it s revolting, it s wrong.
Mar 17, 2021 | 12:32 PM EDT
If you are as sick of the linkage of bonds to the Nasdaq as I am, here s my advice. Get used to it. Remember the stages of grief? You need to stop denying it and accept that, like when we marched to the tune of oil, you can t change it. Are we really supposed to deny the declines we have seen in expensive tech stocks? That s ridiculous. We are using the 2015-2016 paradigm where the Fed Chief Janet Yellen prepped people for a rate increase, first in nine years and we thought that the market was ready and it wasn t. The Nasdaq got obliterated and many of the best stocks fell about 30% to 40% from their highs.