저자: JimCramer · 외국인
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시장은 전문가 회의론과 개인투자자의 FOMO가 랠리를 견인한다고 진단. 데이터센터·원자력·양자컴퓨팅 등 과열 테마를 경계. 연준이 경기 약화 데이터에 대응해 금리를 인하해야 한다고 주장. 주간 이벤트로 Dell 애널리스트 미팅(AI 수혜 기대), Solstice 분리 상장, PepsiCo 실적(엘리엇 지분 변수), 연준 Goolsbee 발언을 제시. 종목별로는 Constellation Brands 저평가 대비 부정적, McCormick·Delta는 조심스러운 반등 기대, AEO는 이벤트 후 차익실현 권고.
다듬은 글
[ help you make a little bit of money. My job is not just entertaining, but I'm trying to teach you a little bit here. know what's fueling this market? It's the skeptics. That's what I think the professional money managers are concerned about how far the markets run and the consistent gains we're experiencing, including today where the Dow gained 239 points, S&P advanced 01%, NASDAQ did 28%.
But the amateurs, the home gamers drawn to individual stocks now keep powering this strong move higher. And as we get closer to the end of the year, the pros start to throw in the towel and do some buying just to prove to their shareholders that they didn't miss out on the market's biggest winners. Those investors want to make some money, too.
I think that's what's happening right now. Could be early, but it does feel like there is a lot of fear of missing out, doesn't there? Today, nearly everything went higher, including crypto, gold, pretty much every asset class that the professionals see as overvalued. It's very easy to denigrate this market if you're a pro.
That's because the pros see bubbles everywhere. Data centers, uranium for nuclear reactors, uh the power of course of data centers and quantum computing, which really burst higher today, spectacular fashion. I mean, those stocks have just gone ballistic. The professionals want to see this specular stuff cool down, including the data center stocks.
They want those lower, too. They see these stocks as pathetically overvalued, but they can't force them to go lower, and they're afraid to short them. It's like a Fedicon plea. I think we're benefiting from a window that happens about right about now on the calendar with no earnings of any consequence in sight and lots of momentum coming from individual investors again who are drawn to the companies that help them trade.
I mean, just look at Robin Hood at Coinbase leading the charge. Now, with that in mind, what's the game plan for next week? Well, first, the president's been real quiet about stocks lately since the deal with Fizer that makes it look like the drug companies won't get hurt too badly by the president's plan to roll back drug prices.
The gains in big pharma have been outstanding and they continue today. I'd like to see a deal with at least one more drug company after this rally. So far, we haven't gotten another one, but look for that to happen next week. I can answer when the president says nothing about business because that usually doesn't last for more than a couple days.
Monday, Constellation Brands STZ reports the company has fallen out of grace along with the rest of the alcohol players. CEO Bill Nuland acknowledging on the last earnings call that the company is being impacted by ice raids in popular shopping destinations. The decline in volumes has matched the decline in the stock.
Constellation has been trying to bounce of late at 12 times earnings. is the cheapest I've ever seen it, but the multiple contraction seems justified given the company's recent track record as well as the rise of GOP-1, which reduced craving for everything, including alcohol. Tuesday, we have our monthly meeting for the CBC Investing Club with a very special guest.
More about that on Monday. Then we get results from the always reliable McCormick. Problem is, though, reliability hasn't been enough to move the needle for this stock. The spice m maker still has a premium multiple at a time when the packaged food group has fallen totally out of favor of this market.
Let's put it this way. If any food company can do well in a slowdown, it's McCormack because spices are excellent trade down material. The stock's down nearly 10% for the year and well off its highs. So, it has a fair chance to bounce, but I just don't trust the whole group. Earlier this week, Kaga reported it bounced a tad on an inline number.
So, there's some hope, but food's now a tough business. It's too hard for me. Now, Dell, this one isn't hard. They hold an analyst meeting on Tuesday, and I think it's going to be thrilling. This company has been the leader in working with Nvidia to integrate artificial intelligence. When I sat down with Michael Dell earlier this year, I was blown away by how much business he's doing in the space.
Michael and his family office bought a huge amount of stock when Dell got clobbered earlier this year. It was a brilliant move. I think his analyst meeting will be the highlight of the week when it comes to things that can move stocks. Runner up though will be what looks like a sleeper right now. Solstice, the Solstice analyst meeting.
Solstice is Honeywell's advanced material spin-off which is now getting zero credit. Not the break up that Honeywell is having will end up giving you a pure play aerospace company which this market craves as well as a building automation company that is some of the best technology and yet is unheralded and you'll the solstice is happening earlier.
Now, I don't want to get ahead of myself as the materials company might be an undiscovered gem, but Honeywell's making a pretty bold move here. You know, it's breaking up what former CEO Dave Cody put together when he was running the company. Now, I praise Dave in my new book, How to Make Money in Any Market, for his acumen at turning divisions around and constantly shuffling the portfolio to upgrade performance.
I believe he'd be very happy though with this breakup by Viml Kapoor the current CEO. Although right now it's in limbo because the big breakup between automation aerospace is very far away and no one wants to take a leap of faith. They won't get in now for what's going to happen more than a year from now.
Now we've gotten a couple important earnings reports on Thursday including PepsiCo and Delta in the morning. Now recently Elliot Management a hard charging and thoughtful activist fund took a big stake in PepsiCo. They want changes. Will management go with Elliot or is it going to fight Elliot? We'll probably find out when Pep reports.
It's been a very tough time for shareholders of PepsiCo, but the stock now does yield 4% and it has a very solid snack franchise and free delay. My concern as usual is with a younger generation that cares more about their health than their parents and with the GOP-1 weight loss drugs that cut back craving, including cravings for Fredo's big business, which is potato chips.
I think CEO Raymon Magguire hasn't been able to deliver of late with the stock down almost 7% for the year while Coca-Cola is up 7%. Comparisons are odious unless they're in the stock business. Delta is a tough stock. It's been among the best performers in the group yet it's still down 5% for the year.
I know the consumer is supposed to be weaker but there's still an appetite for travel. I think it might work as a trade but like I say in my book these are the toughest stocks to own. So many things can go wrong. After the close, Levi Strauss reports and this company's become very reliable despite tariffs.
It hit a 52- week cada that last quarter was extraordinary. I think another good one could be coming. Finally, on Friday, Austin Goulsby talks. Now, why is this matter? It matters because he's a voting member of the Federal Open Market Committee. He spoke on this morning on CM our network about an economy that might be too strong to cut rates.
This rally has been built on the idea that more rate cuts are coming. Goulsby's comments restrained the market in the morning. So look out. Because of the federal furlows, we we didn't get a labor report today. So everyone, including Goulby, flying blind. Here's the bottom line. We have a lot of anecdotal evidence of weakness, but not anything hardcore.
We need to watch this as we're about to head into earning season, and the bulls could run into serious trouble if the Fed doesn't take action. For my money, the economy away from the data center buildout is getting weaker. This is no time for indecision. the Fed needs to cut because too much of the economy away from this multi- trillion dollar buildout just isn't going anywhere.
Sam in Massachusetts. Sam. Jim, first I got to say yam to those who celebrate. But anyway, my question happy and healthy to you, sir. Okay. Yes. Yes. My question tonight is on a company that many will be familiar for their Clover payment processing uh uh you know business. That's serve. The company is trading at $69 billion and it looks undervalued given the 5.6 billion in quarterly revenue that they just did.
Stocks trading at a 40% discount to where it was the beginning of the year. And so I'm curious what you think about Fizer based on the continued strength of the consumer despite headwinds with you know the you know Sam I got to tell you that was not a good last quarter and it was shocking. I think you got to wait another quarter to see if you can get it together.
That was just not that good a quarter. Nothing I can say about other than that. Let's go to Elaine in California. Elaine. Hi, Jim. Elaine, how are you? Pretty good. books. I download Oh, thank you very much. I'm glad you did. I hope others do. I like I like it when people read. What's going on? I had a question about ticker symbol HMS.
Do you think it's overvalued? Should I get out or should I buy more in the pullbacks? It's I tell you it's it's it's what I call a football stock. I mean, there's just every day there's a a short crushing it or a long bull in it. I think it's a very hard stock to own. So, therefore, I say find an easier one.
This one is too tough. Let's go to Kevin in California, please. Kevin. Hey. Booyah. Jim from Weed, California. How you doing? I am doing well. How you doing? Real good. I've been watching for many years. First time long time. How about those Eagles? Oh, we look good. You know, we find a way to win. And let's hope against the tough Denver defense we do.
Okay, there you go. Speaking of Eagles, uh I'm talking about AEO, American Eagle Outfitters. I bought a bunch after Sydney Sweeney commercial debuted and it took off. Now it seems to be pretty stagnant. Do I buy, sell, or hold? Thank you. My instinct is to is to ring the register. Why? Because we f we had the event.
The event occurred and now we're getting away from the event. And there are a lot of people who say, "Wait a second. the company isn't doing well away from that. I like to see you get a bit bit of a win here, take some off the table. All right, we need to be on the lookout for more signs of economic weakness this week because the bulls could run into some trouble if the Fed doesn't take more action soon.
Oh man, money tonight. Have you seen this running soaring over 200% in the last year? I'm taking a closer look at the story to see if it has legs. Then draft case has found itself in the doghouse. So, I'm covering what's ailing the stock and if thing think today's move higher could be a sign of what's to come.
Plus, I'm sizing up an under the radar rare earth play that you called in about and sharing where I come down on this speculative name. You've got to hear it. So, stay with .
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