The Dow, S&P 500 and Nasdaq fell on Thursday as investors question the strength of the global recovery from the coronavirus pandemic. Netflix is reporting earnings after the bell today and TheStreet provided a guide on how to trade as well as the three keys to watch.
TheStreet’s Katherine Ross discussed the latest news on the StreetLightning stock market with Jim Cramer. Cramer spoke about the Morgan Stanley purchase, reviewing Johnson & Johnson’s surpassed earnings and the help American Airlines needs now.
Johnson & Johnson Stock: Buy or Sell?
Johnson & Johnson is considering an early start to its Phase III testing for its coronavirus vaccine. This comes after Johnson & Johnson topped earnings on Thursday and remained committed to providing the nonprofit vaccine for use in an emergency pandemic, globally.
Cramer believes Johnson & Johnson is one of the few who can manufacture the vaccine on a scale.
Morgan Stanley Stock: Buy or Sell?
Morgan Stanley smashed its profits after increasing business revenue in its fixed income and equity divisions. Cramer was bullish on Morgan Stanley when he spoke about this week’s companies reporting on their finances.
Cramer discussed why he would buy Morgan Stanley shares today after his earnings.
American Airlines needs Treasury help
JetBlue and American Airlines team up to expand their service in the Northeast. American Airlines needs more help from the federal government to help them overcome the coronavirus pandemic. The airline has asked for billions of aid to be extended through 2021. This comes a week after scrapping 737 Max orders with Boeing last week.
Cramer knows that American Airlines needs more help and explains what support the struggling airline needs.
Johnson & Johnson is a Holding the Key in Jim Cramer PLUS Charity Trust Action Alerts. Do you want to be alerted before Jim Cramer buys or sells stocks? Get more information from Cramer and his membership team now.
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