Happy Friday! Today is the last TheStreet Live with Jim Cramer and Katherine Ross for 2020, but we’ll be back in 2021 to break investor markets.
We may approve another vaccine this weekend …
Thursday, Moderna’s (MRNA) – Get the report The candidate for the coronavirus vaccine obtained the support of an advisory committee of the Food and Drug Administration, which paves the way for the second vaccine to receive an FDA emergency use authorization.
Formal FDA approval could arrive on Friday, meaning about 6 million doses of the Modern vaccine would be shipped nationwide starting this weekend, The New York Times reported.
Still, stocks remained under pressure during intraday trading on Friday as Tesla prepares for inclusion in the S&P 500. “[The] the artificial nature of the sale cannot be avoided, “Cramer said, adding that Apple leaves money (AAPL) – Get the report and headed for Tesla.
Cramer said this could be your chance to buy Apple at a discount.
“I think Apple is in liquidation,” Cramer said.
In the following video, Jim Cramer talks about Stimulus, Modern, FedEx (FDX) – Get the report, Microsoft (MSFT) – Get the report, Tesla (TSLA) – Get the report, Darden (DRI) – Get the report, Coinbase and more:
And that comes as we wait for a stimulus bill to arrive to reach the negotiation phase and reach the finish line on Capitol Hill.
According to Bloomberg, progress in pandemic relief has been slow, as some senators have opposed the emerging objects of the stimulus measure of about $ 900 billion.
Senate Majority Leader Mitch McConnell said a deal “seems to be close,” but negotiations are likely to drag on over the weekend.
Cramer said a successful distribution of the stimulus-paired vaccine could lead to a boom in the 1920s, particularly in the travel and leisure sector.
“Take a good look at travel, leisure, hotels … the number one name is Boeing (BA) – Get the report“, Cramer advised.
Daniel Kuhn contributed reporting this article.
Latest videos from TheStreet and Jim Cramer: