The Dow, S&P 500 and Nasdaq ended Monday after tech stocks led the charge. Stocks are rising today with news of additional stimulus support.
At Mad Money, Jim Cramer warned that we are seeing binary stocks in the market, with investors gambling impetuously, according to the latest news.
TheStreet’s Katherine Ross spoke to Cramer on Street Lightning Monday about the hurdle faced by vaccines and masks, Chevron bought Noble Energy and the bank’s shares to buy.
Masks and vaccines share a common enemy
Persons. The biggest problem facing masks is the refusal of some Americans to wear one in public despite recommendations from the Mayo Clinic, CDC, and US universities. A WHO-supported study reported that wearing skins could reduce the spread by 85%. Cramer also participated in the game to help American citizens buy masks in public by partnering with Marc Benioff for a competition to make an innovative mask with XPRIZE.
Cramer suspects that vaccines will face the same obstacles that masks face now. The anti-vaccination movement was already strong in the United States, but will other Americans hear the wrong information or not feel like receiving the vaccine?
Chevron stock: buy or sell?
Chevron (CVX) – Get report announced Monday that it is buying Noble Energy for $ 5 billion in shares in what is the largest energy bond since the coronavirus pandemic occurred. Noble Energy is trading around $ 10 and up slightly since the deal was announced Monday morning.
Cramer likes the deal for Chevron and explains what he likes about Chevron buying Noble Energy.
Bank shares to buy
Last week, all banks reported their earnings, and investment banks showed why their business is so much better built for the coronavirus pandemic than commercial banks. Wells Fargo did not have a good quarter and reported billions in losses due to the difficulties companies have faced this year.
If you’re looking to invest in investment banks Cramer gives you two names you should invest in, Morgan Stanley (em) – Get report and Goldman Sachs (GS) – Get report.
Goldman Sachs is one of the key stakes in Jim Cramer Action Alerts PLUS charity. Do you want to receive alerts before Jim Cramer buys or sells shares? Get more information from Cramer and his membership team now.
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