As global stock markets fell, the Dow Jones Index fell. Wall Street will record its biggest monthly decline since March because technology gains have not offset the threat of a surge in coronavirus infections.
In the last episode of “Crazy Money,” Jim Kramer said (FB)-Get report, Amazon (Amazon)-Get report, Apple (AAPL)-Get report, Netflix (National Football League)-Get report And letters (Gauge)-Get report When investors look at the really important indicators, it is expensive to measure by traditional indicators, which is ridiculous Do not Invest in them.
Katherine Ross of TheStreet and Cramer discussed buying ServiceNow stock, developments with Ford, and technology gains this week.
ServiceNow inventory: buy or sell?
Several analysts have raised their price targets for ServiceNow stock (just now)-Get report The performance of this workflow software company exceeded Wall Street’s expectations.
Shares of the Santa Clara, California-based company rose 2.7% on Thursday to $497.10.
Kramer said that after receiving these proceeds, he will buy ServiceNow stock.
Ford stock: buy or sell?
Ford Motor Company (F)-Get report After the automaker cancelled Wall Street’s expectations for its third-quarter earnings, its stock price surged to an eight-month high on Thursday, partly because of the highest profit margin in North America in four years.
The auto company said that in the three months to the end of September, adjusted earnings per share were 65 cents per share, and revenue increased by 10.5% to exceed expectations of $37.5 billion.
Kramer said the pandemic was “a salvation” for Ford. He believes that as the stock price rises, Ford will make money under the leadership of CEO Jim Farley.
How to get technical benefits
The stock market closed higher on Thursday due to higher-than-expected growth in the US economy and a decline in unemployment.
The S&P 500 Index fell 3.5% in the previous trading day, the biggest drop since June 11. Earlier, investors were waiting for earnings reports from some of the largest US technology companies.
Cramer advises investors to “take no action” after the decline in technology earnings. He said that investors should buy Apple. (AAPL)-Get report Stocks, but do not trade, and it is recommended not to buy Alphabet Inc. (Gauge)-Get report Now available. He also added that Facebook Inc.. (FB)-Get report Will be a “great” stock.
Alphabet Inc. and Apple Inc. are the main holdings of Jim Cramer Action News plus Charitable Trust. Do you want to be alerted before Jim Cramer buys or sells stocks? Learn more from Cramer and its member team now.
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