Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very negative on the president. Bolton says that everything he does is geared to his reelection and that includes shifting
Cant comprehend it. Sometimes youre dazzled by all the ways that this market gives you to make money. Big money. Today was one of those days. Dow climbing 78 points. S p gaining 0. 4 . Let me tell you how that money was made and then more importantly, plain the take aways from each win. Because i need you to understand that the gains in this market have been extraordinary. Why is that . Simple. Its because managements will not let up about their stocks being too cheap. They hate it and they keep doing something about it. Meanwhile, other companies are now coming in to buy the stocks of still other companies that they think the stock market isnt paying enough for and are worth a great deal more to an acquirer. And still other companies have so much growth that their stocks cant seem to do anything but go higher. House of pleasure. Lets start with everyones what everyone is buzzing about. The 85 hostile bid for time warner launched today by murdochs company. We all know that the companie
Rallied to record levels. S p climbing. 28 . By the way thats a 15year high. Yep. Bull markets take their cue from johnny mercer. As investors ak sen wait the positive eliminate the negative and dont short mr. In between. Lets start with some big winners. Last time we learned the u. S. Is investigating whether the gold market has been rigged by some of the Worlds Largest banks. Now, were all used to what happens after that news right . Immediately the targets get hit. And all too often the case one of them is the bank jpmorgan. Just when the stock looks like its going to break out we get this investigation. And like chuts and ladders this seemed like it was headed right back down into oblivion. Oh, but not in this market. Jpmorgan convenes an analyst e meeting and going to charge because under the new capital rules the company is penalized for too much capital. So the stock doesnt go down at all and looks flat before the openings. Some hoped jpmorgan might have split itself into easier
Bunch of losers boo its the exact same thing in this business. We dont talk about it. But it plays out every day including this day where the dow dropped 44 points s p declined 0. 11 . And which is why tonight im giving you something special. Im giving you a list of some of the most competitive ceos around. Guys who really have the gloves off when it comes to their rivals. Guys you want in your corner. Why bring this up now . Ill tell you why. Because i had the privilege of interviewing the single most competitive ceo in the business this morning. Im talking about john ledger. The man who transformed t mobile from the also ran telco play into the company with the most momentum. They shot the lights out when it reported this morning. They added subscribers, bringing the total additions to 8. 3 million. You can hear him crowing about it on twitter at 6 00. These are astounding numbers. You know how hes done it . You know how whats driving t mobile . Him. Thats right. By being himself. Th
Tweet me at jim cramer. Today, some of the biotechs managed to reassert and balance themselves mildly. The s p 500 gaining 2. 4 and the nasdaq climbing 2. 47 , and looking ahead, next week has to be one of the most bizarre weeks of the year, and that is because we have one superimportant pieces of news the nonpharma pieces of information comes friday when it is the stock market closed for business. So it means a week of muted trades before we get there. It is important, because sometimes when you are a stock junkie like me, you are looking for clues when there is not a lot of news. You can get the clues from anywhere and anyplace and on the slower days you try to bear down and get a little skinny that know one else knows. And that is why next monday, i want to focus on a Earnings Report report from somebody that you have not heard of aar, and it is a Aerospace Company that repairs and leases and are repairs planes, and you might say, a ha who cares about this company, come on, cramer .