The market took off yesterday in a rally that saw the Dow Jones Industrial average rise above 600 points, but the Dow, the Nasdaq and the S&P 500 were down in intraday trading on Tuesday.
So what do Jim Cramer and Katherine Ross pay attention to on March 2nd?
“We got up so much yesterday, that’s what you want,” Cramer said. “This is a consolidating market.”
However, Cramer called recent Nasdaq shares “baffling” as stocks, including Nvidia (NVDA) – Get the report and Apple (AAPL) – Get the report Keep selling for the wrong reasons in your opinion. “There is a great antipathy towards technological actions,” Cramer said.
Let’s recap the Tuesday episode of TheStreet Live in the video below and be sure to catch Jim Cramer and Katherine Ross live every day of the week at 10:30 am ET:
The apple of our eye?
apple (AAPL) – Get the report has reopened its last U.S.-closed offices in Texas on Monday, according to CNBC, citing a company spokesman.
However, not all Apple stores in the U.S. are open to accessible customers, according to the report. Although, obviously, all customers can jump online and access the Apple store 24 hours a day, 7 days a week.
Last year, Apple closed all of its physical stores outside of China starting in mid-March when the coronavirus pandemic took over the world. Since then, the company has opened and reopened stores in response to local conditions of COVID-19.
“Stores don’t really matter,” Cramer said, but added that he maintains his view that Apple is a stock to hold rather than trade.
Electric vehicles vs. Exxon
Jim Cramer did it Real money to write a column about electric vehicle space and what all the hype in the industry is telling us about Exxon (XOM) – Get the report the board moves.
“Exxon’s board moves indicate he knows gasoline days are numbered,” Cramer noted.
“This is the challenge of the old paradigm and the joy of the new. This is the year in which I believe ESG-oriented funds are putting pressure on oil companies by suggesting that they should not be owners. Oil has had a remarkable comeback. a In 2021, this is undeniable, but much of that is the Saudis who restrict production and fear that President Biden will mean business in terms of climate change, which means supporting anything that goes on the market, ”he said. write.
When asked how long Exxon’s shares can continue, Cramer said the momentum may continue as long as the price of oil continues to rise.
Kohl’s earnings
Kohl’s (KSS) – Get the report earned adjusted profits of $ 346 million, or $ 2.22 per share. Earnings included a tax-profit gain of $ 1.15 per share. Sales stood at $ 6.14 billion compared to $ 6.83 billion last year.
“After an extraordinary year managing the pandemic, we ended the year with a very solid financial position and entered 2021 with a strong momentum,” CEO Michelle Gass said in a statement.
Goal gains
Goal (TGT) – Get the report reported adjusted earnings that reached $ 2.67 per share, which exceeded the street consensus forecast of $ 2.54 per share.
“After years of investment in building a lasting, scalable and sustainable business model, we saw record growth in 2020 as our guests turned to Target to safely provide for their families throughout the pandemic. said CEO Brian Cornell. “With the strength of our unique multi-category assortment and the flexibility we offer through our reliable and convenient compliance options, we gained nearly $ 9 billion in market share in 2020 and increased our revenue by 15,000 million dollars, which exceeds the previous 11 years combined “.
See: What Kohl’s objective profits tell Jim Cramer about retail
What happened last night with Mad Money?
“Forget about investing in the obvious economic reopening actions,” Jim Cramer told his Mad Money viewers Monday. That ship sailed weeks ago, Cramer said, “but there are a handful of stealth reopening assets that they are hidden from view “. The streets Scott Rutt wrote to his Mad Money recapitulation.
“Instead, Cramer said he was betting on stocks like the payment processor Square, which today announced that the company is starting a bank to expand its offerings,” he continued.
Are you curious to see what Jim Cramer and his Action Alerts PLUS team see in the markets? Watch Cramer’s exclusive Daily Rundown program on Action Alerts PLUS after TheStreet Live.
Daniel Kuhn contributed informing about this article.