We recently compiled a list of the Jim Cramer Analyzes 17 Stocks and Criticizes Zero-Day Options. In this article, we’ll look at how CVS Health Corporation (NYSE:CVS) stands against other stocks.
In his second appearance on Squawk on the Street following the Federal Reserve’s interest rate cut, Jim Cramer had a lot to say about the Fed’s decision and the release of Personal Consumption Expenditure (PCE) data. The PCE data was a boon for investors as it indicated that inflation was falling. Cramer began by noting that the release of the PCE data was “somewhat reassuring. Because if we get lower inflation, I think that’s certainly a possibility because we’re starting to understand what’s really causing inflation. So it doesn’t seem as devastating.” what happened on Wednesday.” He added that the publication does not reverse the market decline, as he believes that the market fell after “rampant Bitcoin speculation, after nuclear energy speculation, after quantum computing speculation, after of speculation on what I consider these to be, really something like that.” “I’ll put them in commercial aerospace, thanks to Musk.” Cramer believes central bank officials “don’t want to see that. They don’t say it directly. I wish they had done it. But that’s what’s happening here, is the air coming out of that balloon.”
However, while he believes the market may have fallen due to the “deflation” of the globe, this has created an interesting opportunity. According to Cramer, speculation in the market has been replaced by “some really interesting fundamental news. And I think we’re at the most oversold point we’ve ever been, you’re up in terms of the ten-year low.” “If you bought, and I have some numbers that say if you bought today, three months later, you’ll make money. In every case, it’s really extraordinary.”
While the threat of a US government shutdown over the holidays was averted, Cramer also had some interesting thoughts on the conflict in Congress. He shared that “I studied closings for my last book. And every closing was a buying opportunity. They’re always as scary as the way we’ve been covering this morning. Uh, and they always end up being a buying opportunity. Because they’re considered very terrifying.”
Cramer backed up his claims by sharing data that took all night to calculate. He added: “What I’m saying, I know it goes against what I’m hearing, but you’re supposed to buy it today, not sell it. All the data I have, all the data I have, I mean, I have data that goes back to ten years ago. And… (THE) oscillator, the S&P oscillator that I follow is minus eight, thanks to the people at S&P.