저자: JimCramer · 외국인
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시장 바닥 반등 가능성을 언급하며, 다음 주 연준 인사 발언(Williams)과 리테일·엔비디아 실적이 반등의 촉매가 될 수 있다고 봄. 엔비디아는 보유 권고, 홈디포는 금리 인하 전제 매수 의견, FedEx는 저평가로 매수 쪽 시사, 디커스는 큰 폭 하락 후 반등 가능성은 있으나 절반 익절 권고. 고위험 투기주는 피하고 현금 확보 후 우량주로 갈아탈 것을 강조.
다듬은 글
[. Hello, Brewing . Explain how we get bottoms like today. Call me 1800 743 CBC. Tweet me Kramer. Sometimes it is so darn ugly that you have no choice but to view the weakness as a buying opportunity. This morning, the futures created some serious ugliness. But the individual stocks, the index wouldn't comply.
Why? Because while we have a lot of stocks and companies that aren't making money, and you know, I don't like them. We also have enough solvent strong companies with stocks that will be getting killed [snorts] this week. So today felt like a little counter trend move with the real economy focused Dow Jones Industrial Average tumbling 310 points while the more diversified S&P 500 dipped 005%.
And the techl Nasdaq actually gained.13%. But look, I it's very complicated date because it really did feel like a bottom and yet I know that could be chime miracle. But how about next week? Look, the next leg of this market comes down to the Federal Reserve and a few very important quarters. I think both could be tailwinds after this week's vicious shakeout.
Let's tackle the Fed first because well, they meet in less than a month on December 9th and 10th. And in the leadup to that meeting, we're going to hear from a ton of Fed officials and there'll be a big big uh guessing game that I can't stand. So, I'm gonna solve that for you right now. For example, on Monday, John Williams speaks.
He's the president of the influential New York Fed and bulls need him to talk about how either inflation has peaked or more likely how unemployment has gotten worse. After this week's declines, if we get some doubbish commentary, I think people will begin to creep out of their foxholes, do some buying.
Williams will be incredibly important because he also speaks on Wednesday and he speaks Friday. This guy's got a lot to say, I guess. Beyond the Fed, we got the first of some very big earnings reports on Tuesday morning. Uh when we get uh Home Depot now this morning, Stifel downgraded the stock from buy to hold, noting that their business could be exceptionally weak, not just because of lack of housing turnover, but also because ICE keeps targeting the day laborers who hang out at Home Depot parking lots.
Of course, anything connected to housing has joined at the hip with interest rates. So, the stock's a buy if you believe the Fed will cut rates next month, as I do. I have liked the death spot for years and years because it's a growth cycle in my book, How to Make Money in Any Market. I stress that growth stocks are the only truly safe stocks.
And I'm going to include Home Depot because as long as housing prices have gone higher, which they sure have, you're going to see some growth from that trend for many, many years. Wednesday and Thursday, our truck filled with retail earnings. Wednesday morning starts with TJX, the parent of TJ Maxx and Marshalls, which we own for the Chapel Trust.
I was cautious last quarter to you because TJX is usually very conservative, but business was just so good. They went let loose with some tremendous numbers. This is a fabulous company. So, if the stock gets hit, which it often does, even on good results, picks them up. We also get, this is much tougher, the earnings from Target under the toutelage of outgoing CEO Brian Cornell.
Now, I want to hear a plan that can get Target's mojo back. Mojo being a technical term, meaning it's got to start doing better. Remember, they use this used to be very popular chain, especially with young people, but Target struggle with price in this environment of persistent inflation. Even with its extra special private label goods, there's a price gap with Walmart, and that has to be solved.
Now, Lowe's follows Home Depot and Retail Weekend. Lately, Lowe's has been in better shape. CEO Marvin Ellison runs stores that are equally attracted to the consumer and to the professional contractors. That combination's been working better than Home Depot's more contractor focused approach. William Sonoma, oh, talk about a real wild trader.
They report in the morning and this one's going to be hard to game. I think co Laura Albert does an amazing job. By the way, she has fully embraced Salesforce's aentic game plan. I want to hear how that's working out. I I heard her speaking. Uh it's Salesforce's dream force. Uh and I want to know because we own Salesforce with the travel trust.
I just can't figure out why the stock won't rally. Wednesday night's the big night of the week, the biggest night because Nvidia reports Nvidia's at the heart of the data center because the chips power accelerated computing and artificial intelligence. Besides hearing how the company's doing, we need to hear about the next iteration of chips, the Ver Rubin, and whether it's ready and whether it'll be a [snorts] seamless transition that will keep the company well ahead of AMD.
By the way, who still is their chief rival? No, I don't expect anything from China. I think that's a dead issue. Now, uh if Nvidia is strong, I think it can ignite not a bounce, but a true rally itself. I continue to say own Nvidia, don't trade it. And that's our position for the travel trust. I can't stress enough how important Nvidia is to this market because there's no AI revolution without Nvidia.
But with it, we could still have a multi-year move. Something that an old friend of the show told me, Dave Cody, now the chairman of Verdive, which is key to keeping these red hot data centers cool. They own the best air conditioning company. Now, I think Cody's appearance on Squawk on the Street this morning actually catalyzed the bull market because it was so darn bullish.
And Cody is as rigorous as a business person I've ever met. I could see things turn around. It's why you got to watch Squawk on the street. Give me a break. You got a good number from Nvidia and a big boost from the forecast. Next thing you know, the other six members of the Mag 7. They are going to start roaring.
That was easy. Next up, we hear about Palo Alto Networks. Now, that's a cyber security company run by Nicesh Aurora. uh and given the endless hacks lately from the Chinese using really sophisticated equipment. I think there's plenty of business for these guys. Now, we got some jarring news this morning.
Really jarring for me. I don't know why I took it so personally. The retirement of Doug McMillan, the longtime CEO of Walmart, and he's going to replace by a fellow by the name of John Verer Verner, who's the head of Walmart's US business. Now, I had a special relationship with Doug, which included multiple trips with my two daughters to shop there, and I always told him about it.
Doug has a remarkable interest in fighting inflation, especially high food prices. He's done real service to his customers. I think he's an American hero. I think he will be missed. He's quite a gentleman. I expect a great quarter, though, because I can't imagine Doug's last quarter being anything other than a great one.
We had the gap one, when they last reported, and I was adamant that the quarter was good, yet the stock got crushed. That was wrong. The stock's been bit up nicely ever since then. Perhaps that same pattern continues. We hear from another retailer too that is loved by the market raw stores. This one's a discounter.
I don't know if it stock can keep running. Uh I'd be a little careful. Now, Intuitit reports, I don't know if you remember we had Intuit on a couple weeks last week and they recently sampled their new individual financial software. I think it I thought it was well, but I'm sure that many people haven't used it yet and I think they'll embrace it once they try.
Plus, the IRS is phasing out their homegrown competit competition to Turboax. Remember that. Also on Thursday, we get the long delayed September jobs report. Yeah, get the jobs report. September's pretty far in the rearview mirror at this point, but we desperately need any economic data we can get. Finally, on Friday, we hear from another club, this time BJ's whole wholesale club.
I use this one as a barometer for Costco, that down uh warehouse club that I think is so great, but so far I've been wrong of late. Right. For very many years, though. Here's the bottom line. The year of magical investing may indeed be over, but there are plenty of companies making big profits that I think will continue to do so.
Sell offs like this can be bought, but only if you have cash and you upgrade out of the morass of ultra high risk speculative stocks that are losing fortunes. Those may not make it through 2026. How about we go to Kyle, North Dakota? Kyle. Oh yeah, Mr. Kramer, long time listener, second time caller.
How you doing? Excellent. I am doing well. Thank you, Kyle. What's going on? So, I'm calling for my 91y old grandmother. She's got a trust leading to her four daughters. One of the largest positions is Deckers. They've been hit pretty hard since January. They've come down two/3 [clears throat] trade wars, tariffs, doing their things.
Is there a way for them to climb back or should she take the profits that she still has and go for something? I want her to take at least I wanted her to take at least half the profits. didn't that quarter was bad and I'm beginning to wonder what the heck is going on there. And stock's down 60%. Otherwise, if it weren't down this much, I'd sell tell you to sell it all.
I have to believe it can bounce. But holy cow, that was just a bad quarter in the last two quarters has been bad. So anyway, uh but good luck to you. Good luck to your mom. How about Neil in New York? Neil, how are you, Jim? This is Neil from Long Island. All right, buddy. What's going on? My question for you today is about FedEx.
Uh, this company's stock price looks to be undervalued at the moment at about 268 per share, but has shown some promise by increasing about 60 points since April. Despite this one, you want to buy this stock because you're short here because this is so easy, Neil. This is one of my favorite stocks. I wish we ch 14 times earnings.
It sells 17 times earnings. The stock is going, I think, all the way back over 300. It's having a good quarter. And I I I mean, can I just say that Raj Supermanion turns out to be just one dino might exec who I know is making Fred Smith proud. Uh we miss February. All right. Selloffs like we just saw can be bought, but only if you have cash and only if you upgrade out of high risk stocks, man.
Tonight, this market is really struggling to understand the state of the consumer. So I'm sitting down with the CEO of a market research company that we use that's been very right 100x to hear what the proprietary insights are signaling then healthcare stock billion to one soared on its IPO. So is it too late to get into the billion in one?
I'm going to be breaking down the story and giving you my take. And yesterday we held our monthly meeting for subscribers to the CBC Investing Club and we had so many darn fantastic questions we decided to answer some of them right here right now. So don't miss it and stay with Kramer. Don't miss [ .
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