Jim Cramer Predicts No 'Huge Run' For Tech Stocks After Federal Reserve Cuts Rate: 'It Got Out Of The Wish Game A Very Long Time Ago'
Portfolio Pulse from Benzinga Neuro
Jim Cramer predicts that recent Federal Reserve rate cuts will not lead to a significant rally in tech stocks, as these companies are less impacted by such monetary policy changes. Instead, consumer-oriented companies may benefit more from the rate cuts.
September 19, 2024 | 8:26 am
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Salesforce, as a tech company focused on AI and enterprise solutions, is less impacted by the Federal Reserve's rate cuts, according to Jim Cramer.
Jim Cramer highlighted that tech companies like Salesforce, which focus on AI and enterprise solutions, are less affected by rate cuts. This suggests a neutral short-term impact on Salesforce's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Invesco QQQ Trust, which tracks major tech stocks, may not see a significant rally despite Fed rate cuts, as tech companies are less impacted by such changes.
Jim Cramer suggests that tech stocks, which QQQ tracks, are less impacted by rate cuts. This indicates a neutral short-term impact on QQQ's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80