Compared to the big market run up last year post-election, this year trading has been pretty dull. Investors need to be careful on small-cap names into despite better-than-expected performance this year, according to Jefferies. Discussing the outlook for the markets including the rotation out of the tech sector with Erik Davidson, Wells Fargo Private Bank chief investment officer, and David Seaburg, Cowen head of sales trading.
Wells CEO Tim Sloan says there is "reasonable momentum" already, and tax reform is expected to create even more. McDonald's goals in digital sales, delivery and store remodeling are set to drive same store sales for the fast-food giant. Jim Cramer analyzed the supermarket stocks' performance since Amazon bought Whole Foods and spotted a surprisingly positive pattern.
Jim Cramer broke down his view on investing in Wal-Mart vs. Target and their ability to stand up to Amazon. Jim Cramer flew through his take on callers' favorite stocks, including a high-yielding telecom name. Jim Cramer sat down with Yext co-founder and CEO Howard Lerman for more on how his software company is spreading digital knowledge to clients like Volvo.
Jim Cramer said that tax reform is fueling the stock market's rotation into nearly every sector but tech. Trading is down 15 percent amid markets that haven't been 'that exciting'. Despite healthy performance, be careful with small caps in Tech rotation to continue until we get a final word on taxes: Disney and Fox are closing in on deal, could be announced next week: Wells Fargo's Sloan says customer activity at bank has momentum and tax bill will add to that.
Snap shares jump after Barclays says 'turning point' coming in McDonald's shares rise after Jefferies says UberEats delivery will drive sales next year.
Amazon shouldn't scare you out of entire areas, like grocery stocks. Yext CEO says 'rise of conversational artificial intelligence' brings us business. Cramer says the action in grocery stocks proves Amazon shouldn't scare you out of entire industries.More...