Or are the stocks that are now hated going to turn out to be precursors of the next downturn?
Of all the techs I follow, I think ServiceNow probably had the best quarter.
We know what to pay when we think a stock is going up, which is the going price.
Next thing you know that stock is down to $143 and you say to yourself, should I buy it back?
In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.
Persons:
gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim
Organizations:
Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC
Locations:
Eaton