Top Stories

Stocks are trading on reopening optimism, but risks remain

0


The stock market is riding on reopening optimism, causing tech stocks to fall and cyclical stocks to rise in Tuesday’s session, CNBC’s Jim Cramer said.

While the major averages were all down at the close, Cramer said the action was defined by a decline in consistent operators and a rise in sporadic boom-and-bust stocks.

“It’s all about optimism, people. Investors are voting with their feet,” the “Mad Money” host said. “They’re leaving these secular growth stories, the stocks of companies that do well regardless of whether the economy is running hot or cold. Instead, they’re finding their way to stocks of companies that only make big money when business is booming.”

The comments come after…



Source cnbc.com

Stock futures rise in overnight trading after Tuesday’s losses

Previous article

SpaceX building Starlink manufacturing factory in Austin, Texas

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories