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t's not just to educate but to entertain and teach I need you to watch so call me at800 7436 hey tweet me Jim Kramer all we wanted was an all clear sign and we can thank fed Chief Jay pal for giving us one today when he spoke it for the Federal Open Market Committee ended leaving fed rates unchanged now did he technically say you can go buy stocks Now by of course not he's the FED Chief but he might have well done so how do I know well it's really this simple you can timestamp the words of the FED Chief at his at his press conf with the intraday chart of a strong S&P afternoon rebound and you can see where he made some doish comments which carried the stock market from deep in the red to decently positive right then to new heights it was so perfectly timed that you had no no wonder about how we got into the house of pleasure yep J pal has become the Bull's friend for the moment maybe best friend even as we pulled back into the close that timately gaining 87 points S&P dipping up 34% NASDAQ decline 33% and things are very skittish but you know what lately we've been worried about persistent inflation in shelter cars food stuffs which might have forced the FED to actually start raising rates again even as they're also signs of softness I call them Brown shoots all over the place but fortunately J pal chose to worry more about the brown shoots than the green trees he's betting that inflation will head lower again after a period where it's kind of stalled going down he's not talking about tightening he just thinks that infl will gradually go away on its own making him more of a dove than a hwk when I asked about stagflation the worst case scenario for stocks he actually made a joke yeah saying he didn't see the Stag or the inflation that joke plus pal said he's going to slow down the fed's bond sales something has been pushing longer term interest rates higher because it creates this new flood of Supply you know Supply when there's too much it means it's got to go to a new level drops and then rates go higher but when he stopped he said he's going to pull back on that that's a doish sign of course it's not like pal said he's looking for a summer rate cut but he was badgered repeatedly by the Press about whether the FED may need to raise rates again but you know what he's too smart he never took the bait instead with a little bit of sparring he took the dreaded raid hike scenario off the table and the market rally now I want to make it clear that I hate even talking about fed speak that is a language it's an odd jargon create Argo created by all the FED Governors and the president reporters and analysts who must just chatter each other and think it's really funny we rallied in part because as I just mentioned the FED isn't going to dump its considerable Bond hord into the Market Drive rates up but we mostly rallied because many so-called experts on the FED had come around the idea that the P that Pal's gotten much more hawkish of late which could be a nightmare for stocks because the whole rally since last fall was based on the idea that the Fed was done tightening fortunately these these head speakers well they were wrong frankly these people who try to game the feder almost always going to be wrong first they thought we were going to get six rate Cuts then they said three then they said one then they said zero and now last week they started talking about an actual hike you know what here's what they were each time and that's good news for the market I think it could get more heated for the uh rest of the week is we have to bet that the feed was clued into Friday's employment report even as I actually don't think that palestinia because is tightly kept secret so what wins in this environment what's what's the what do you do well pretty much everything's going to kind of work here we could buy Healthcare and drugs because pal tellan economies is most likely going to get weaker buyers flock to J&J under a belief that it can finally put paid to lawsuits over allegations of traces of asbest in their tal that PL of State caus ovarian cancer the Stock's so low that I think it could go higher still if J&J can reach a comprehensive settlement that you know that the the plers have lost 16 out of the last 17 cases against J&J so I bet you they capitulate buyers flocked to the chemical stocks too and that was because of the huge turnaround in Kramer fave a travel trust named Dupont which saw almost its entire product line accelerate everything from water semiconductors I can't believe it because it's been down and out buyers also reached for the homebuilders again oh yeah well that's what they do and they think that there might be a ray cut remember my rap on the home builders they're winners every time the FED speak stub asly because that's what pushes mortgage rates down and makes homes more affordable but most important the buyer like Tech they specifically like the tech companies that reported great numbers recently with stocks that have been pushed down for tangential reasons remember I always tell you look to buy these in a General market pull down like we had first tech that they loveed well of course the buyers reach for Amazon which reported last night an absolutely tremendous lights out quarter with strengthen Amazon web services advertising in Amazon international you absolutely have to love that Troy comp positives Amazon's at the top of the class when it comes to gener of AI it's got so much going for that it's almost too long to list here it was a Smash Hit if you get a chance to read the release you will be blown away second is alphabet remember I said that alphabet the parent of Google has to be bought on any weekness sure enough you got big weakness yesterday it was time to pce alha are some amazing properties YouTube's doing great Google cloud is terrific and what a good artificial intelligence platform to say nothing of the coure search business third is Microsoft have you seen this doc this thing is just getting killed it had fallen the level below where it was trading before that amazing quarter I think there's nothing better than owning Microsoft right now and you got to check that box as my chavel trust has Beyond Tech this Market likes the bags their stocks have been so strong in the notion that they'll get eventually get rate Cuts even as their stocks shouldn't really even need rate Cuts confounding but I'll take it more on what may be the best bank to buy later in the show what's not working some of the semiconduction because AMD produced a weaker than expected quarter as people who focus on its embedded business and its gaming business were disappointed while those who were concerned about a data center slowdown were spooked by a lowball boost in their forecast for generative AI chips now I believe a CEO Lisa Su is simply being conservative so I'm not going to sweat this program perhaps people fear that super micro that's a Compadre of AMD might have to raise cash if it's largely in line dat that's revenues in line of numbers freaking out the whole AI infrastructure if you near to the end of the of the report you'll see it says hey maybe we have to raise money and that's what killed the stock oh and there's there's no data center slowdown none none that anybody can find and yet people keep looking for one which brings me to Nvidia these days Nvidia seems to Rally far less often than it goes down doesn't it given that every one of its large Tech Des customers desperately needs their chips we know that Amazon said it needed them last night so did Google No Doubt with Oracle absolutely meta they said they're spending fortunes on stuff but apparently that's not enough I think people just believe that anything connected to the data center should be avoided and Nvidia won't report for a very long time so I think they're going to shoot at it shoot at it my view of course is to own it don't trade it but I totally understand if people are going to sell it that's what they do by the way later on in the show we talk about Apple I'm seeing the same thing do you want to dodge a quarter you want to dodge be my guest I'm never good enough to know when to get in and get out so I'm sticking while I disagree with the nidity ver uh VI verdict I know it's severe it says dump the semis and buy the users of their chips by the customers instead you know i' I've railed again endlessly against these Fede heads those analyst trist and journalists who attempt to interpret everywhere from the Federal Reserve they can all at all times be more important than what's happening at any individual company the good news is the federal meets eight times a year the bad news is the Friday we get the employment report and that produces a whole other set of com of macro commentators who are going to second can guess J pal for what he said even today 48 hours later don't these these guys should get better jobs here's my view tune these people out there all there's only one person worth listening to in this entire universe when it comes to this stuff that happens to be the Plaine speaking fed Chief himself J pal he's been consistent the whole time he raised rates until he fured he can tip in recession then he stopped raising rates and the economy got hot again but then interest rates went higher on their own and now we've gotten some brown shoots consider helping to slow the economy so the bottom line is this people pal took all this in and recognized that in these new found Brown shoots means he doesn't need to raise interest rates again he's consistent and that puts us in a much better position until we Fred about Apple and how China sunk it that's tomorrow's business by the way address later in the in the show tonight and we get concerned that we have might have strong wage growth data on Friday's job report which would cause a whole new group of critics to question Pal's judgment hence why I reversed in the last half hour of trading today as if once again Pal doesn't mean what he says Hey how do we go to Gary in my home state of Pennsylvania Gary hey Mr Kramer I am in the house of pain with Bristol Meyers over the last couple of months shed some wisdom on me please love your show man what a terrible address frankly um okay now here's the problem with that they told you they told you when we were JP Morgan that look we don't have the horses uh now but the dividend is safe so I mean what that was was the crowd Clarion call to move out at these prices I still think the Clarion call is on because I don't see anything in the hopper feels a little like fer me let's go to Max in Illinois Max Jimbo yo hey how's it going not bad how about you partner I'm good hey so you're always preaching stocks that are best in class and uh for me there's none more promising and holy than Costco what say you I like Costco very much now Costco is what's happened we got a new CEO we got a new CFO um and there are always going to be people say well you know what the stock paid the dividend it's over I think the stock is basing more on basing later in the show but that's what the stock is doing and basing and that makes me like it I think J pal has realized that these Brown shots are doing some of the work for him and his consistent messaging in the face of endless fed speake tells me that I think you should just hang on to stocks and when we get those pullbacks like we had the other day yes you want to buy Google you want to buy Amazon look you want to buy Meta Even how about that and Microsoft first certain J palal knows what he's doing the people who talk about him don't much more mad money ahead restaurant stocks have become a tough point of the market haven't they after reporting a strong quarter could Wing Stop be the winner winner chicken dinner in the space I got the exclusive with the CE then my Mo Goldman Sachs recently hit a new all-time high but could the momentum continue I'm going off the charts find out and Tanger report a solid quarter last night but so it's stock got hidden response H head scratching I'm going to break down the numbers with the CEO to get a better sense of where the company stands so I want you t or give us a call at
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