Cramer Warns Latecomers May Miss Out On Non-Tech Stocks Rally—No Big Gains For 'Johnny-Come-Latelies'
Portfolio Pulse from Bhavik Nair
Jim Cramer warns that latecomers may miss out on the non-tech stocks rally, as the risk/reward has shifted. He highlighted the recent surge in Caterpillar Inc.'s stock and mentioned the performance of the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1.
June 14, 2023 | 3:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cramer highlighted the recent surge in Caterpillar Inc.'s stock, suggesting that latecomers may miss out on the rally.
Cramer's comments on Caterpillar's recent surge suggest that the stock has already experienced significant gains, and latecomers may not see substantial returns. However, the overall market sentiment and the company's performance will still play a role in determining the stock's short-term price direction.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ Trust Series 1 rose 0.77% on Tuesday, following Wall Street's positive reaction to the inflation report.
The positive inflation report and the market's reaction to it suggest that the QQQ ETF may continue to see gains in the short term. However, other factors such as the upcoming Federal Reserve meeting and global economic developments could also impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust closed 0.66% higher on Tuesday, following Wall Street's positive reaction to the inflation report.
The positive inflation report and the market's reaction to it suggest that the SPY ETF may continue to see gains in the short term. However, other factors such as the upcoming Federal Reserve meeting and global economic developments could also impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 60