The Dow and S&P 500 are rising today on positive news about Pfizer’s coronavirus vaccine, but the Nasdaq has slipped in part due to mounting tensions between the United States and China.
Katherine Ross of TheStreet discussed the latest news on the Street Lightning stock market with Jim Cramer. Cramer spoke about the news about Pfizer’s coronavirus vaccine, Boeing planes were landed, and Snap’s stock fell.
Pfizer Stock: Buy or Sell?
The United States ordered nearly $ 2 billion for the Pfizer coronavirus vaccine. Pfizer will supply at least 100 million doses of its experimental coronavirus vaccine to the US government, once approved, with the potential of an additional 500 million doses that will be free to US citizens. Pfizer was up 4% in trading on Wednesday as stocks try to find some basis.
However, Cramer does not advise buying Pfizer stock outside of the vaccine news.
Boeing Stock: Buy or Sell?
Boeing’s 737 MAX aircraft were reportedly likely to remain grounded in 2021. This news comes a week after Wolfe downgraded Boeing’s rating. (licensed in letters) – Get report about valuation concerns for the aircraft manufacturer.
Cramer shares what we should expect for Boeing for the rest of 2020 as the holidays approach and families visit relatives outside the city.
Snap Stock: Buy or Sell?
Snap stock (SNAP) – Get report It is down today after reporting finances with mixed results in the second quarter. The increase in active users did not meet expectations despite the 17% increase over the same period last year. TheStreet provided the key levels to watch when Snap reports earnings so investors can trade Snap stocks.
Cramer noted the lack of events for traditional advertisers to spend advertising on the Snapchat app.
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