Stocks rebound after another uptick in job losses — what Cramer, a former Google CEO and others see ahead (via TradingNation)
three areas would win out during — and possibly even benefit from — society's new normal:
"We're going to focus on telehealth, essentially broadband and access to broadband, and how and where we work. ... Now, telehealth — well, 80% of the people are going to the doctor electronically because they don't want to go to the doctor's office in case they get exposed. Well, that's a net improvement in efficiency for everyone. It's so much more convenient to see the doctor virtually than to have to go to their office and wait forever, right? That seems obvious.
"There is so much doom and gloom, and this thing is not going to last forever. There's still loads of value in the market, because the market is primarily a tech market. And there is still good value out there, and I do believe in America ... and I do believe we are going to get a vaccine. I spoke last night to a friend of mine. He's a good friend. He's CFO of. And he's not a young suit. He's an old timer.
Gabriela Santos, global market strategist at J.P. Morgan Asset Management, emphasized the importance of being selective: "If we think about the long term, we absolutely do believe we'll get through this. The economy will recover, earnings will resume their long-term trend, and equities are so important for long-term portfolio growth, even more than normal now that yields have fallen even further year to date.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Jim Cramer reveals his playbook, says investors can start slowly buying stocks Thursday afternoonThe 'Mad Money' host instructs investors to keep their eyes on the food and drug stocks as a sign to start building a position in the market.
Lire la suite »
Stocks Slump, 36 Million Jobs Lost, Vaccine in 2021?, AbbVie CEO by Squawk on the Street
Lire la suite »
Uber should be willing to pay more in 'genius move' to buy GrubHub, Jim Cramer says'In one fell swoop, this deal would create an incredible amount of value for Uber and GrubHub's shareholders,' the 'Mad Money' host said.
Lire la suite »
Stocks Fall, Dow Plunges Over 400 Points As Reopening Of The Economy ContinuesThe market opened slightly higher today but later turned negative as Wall Street continues to assess the risks of reopening the economy, with some states lifting coronavirus lockdown orders by skleb1234
Lire la suite »
US stocks finish sharply lowerThe US coronavirus outbreak has altered daily life in almost every way. Here's the latest updates on US Covid-19 cases, deaths, the lockdown, the government response, unemployment and more.
Lire la suite »
Stocks in Asia Pacific set to slip amid risks of new infections as economies reopenDr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned that the U.S. could risk additional outbreaks if states start to reopen too quickly.
Lire la suite »