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Search resuls for: "Cramer chalked"


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CNBC's Jim Cramer on Tuesday told investors he thinks Wall Street fear is causing tech stocks like Oracle and Apple to fall. Cramer chalked up Oracle's stock decline and light revenue to its $28 billion acquisition of health-care information company Cerner in December 2021. Cramer said he's confident the stock would have performed better if the company hadn't made such a move. A longtime believer in the lasting success of Apple, Cramer also praised the features of the new iPhone, highlighting its new camera, longer lasting battery and transition to a standardized USB-C charging cable. "If you want to take counsel of your fears, and sell Oracle or Apple, I get it," Cramer said.
Persons: CNBC's Jim Cramer, Apple, Cramer chalked, Cramer, he's, hadn't, else's Organizations: Oracle, Apple
CNBC's Jim Cramer explained that last week's debt ceiling resolution may have paved the way for a Dow resurgence, even though the index closed lower by about 200 points Monday. "With the default fears off the table, maybe this is a market where the once mighty Dow can actually lead again," Cramer said. In looking at a more Dow-focused market, Cramer highlighted several stocks that roared on Friday, including technology company 3M and construction manufacturer Caterpillar . Cramer believes Caterpillar is largely misunderstood by Wall Street, and traders treat it as an old-fashioned cyclical stock. To Cramer, however, Caterpillar was successfully diversified by CEO Jim Umpleby into a business less reliant on the global economy.
Persons: CNBC's Jim Cramer, Dow, Cramer, Tesla, Cramer's, week's Dow, Wall, Jim Umpleby Organizations: Nasdaq, Reserve, Dow, Caterpillar, 3M Locations: Monday's, China
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