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Just because CNBC's Jim Cramer thinks investors should own Nvidia — not trade it — doesn't mean he thinks they should buy it right now. On Tuesday, he said he still believes in the company but explained why the stock's rally may not continue. "While Nvidia's a great company with a great stock, in the end, it's still a stock. Cramer reaffirmed his belief that Nvidia, which hit a new high Tuesday, "pretty much owns AI, and AI pretty much owns the future," saying the company has been focused on developing extremely fast chips for decades. "The buyers haven't repealed the laws of what governs a stock, even if that stock is Nvidia," he said.
Persons: CNBC's Jim Cramer, it's, there's, Cramer, Ben Reitzes, Dan Fitzpatrick, Fitzpatrick Organizations: Nvidia
Three stocks that could break out above 200-day moving averages
  + stars: | 2023-06-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree stocks that could break out above 200-day moving averagesDan Fitzpatrick, founder and chief market analyst with stockmarketmentor.com, joins 'Power Lunch' to discuss the technical trade, tips for reading a technical chart, and CNBC Pro's latest screener on stocks nearing a 200-day average breakout.
Persons: Dan Fitzpatrick Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer breaks down fresh charts analysis from Dan FitzpatrickCramer explained new charts analysis from Dan Fitzpatrick, founder of Stock Market Mentor.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharts are 'screaming' that it's not too late to buy homebuilder stocks, Jim Cramer saysCramer broke down fresh charts analysis from Dan Fitzpatrick, founder of Stock Market Mentor.
CNBC's Jim Cramer on Tuesday said that investors still have a chance to buy homebuilder stocks before a possible run-up. "The charts, as interpreted by Dan Fitzpatrick, suggest that we're looking at a truly counterintuitive bull market in the homebuilders, and even though that's not supposed to happen at this point in the business cycle, the bulls keep running anyway," he said. The Federal Reserve has raised interest rates over the last year to tamp down inflation, hammering stocks of every industry from tech to retail to financials. However, the action in homebuilder stocks from recent months suggests that they're going against the tide, according to Cramer. To explain Fitzpatrick's analysis, he examined the daily chart of the Dow Jones U.S. Home Construction index.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus stock purchases on those above the 200-day moving average, says Dan FitzpatrickDan Fitzpatrick, Stockmarketmentor.com president and technical analyst, joins 'Power Lunch' to discuss S&P forecasts for future drops, rallies ahead, and monetary policy measures.
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