Jim Cramer said TheStreet Live he didn’t like the appearance of the markets on Thursday as the Nasdaq continued to climb in intraday trading as the 10-year Treasury bill rate declined.
“I’m concerned about this market because bad stocks are on the rise,” Cramer said.
Recap Thursday’s episode of TheStreet Live with Jim Cramer and Katherine Ross in the video above and be sure to watch TheStreet Live every day of the week at 10:30 a.m. ET:
The two-headed market
Are we in a two-headed market? Well, that’s Jim Cramer’s current thesis in the market.
“Roku vs. Cat! OK, it’s not King Kong vs. Godzilla, the only real box office success so far this year, but when it comes to stocks it could be,” Cramer wrote. in his Real money column. “Every market has a coloring, a stock that characterizes it, that represents it and that defines it. Some markets have two heads though, and that market has two of the most ridiculously austere two heads I can remember, Caterpillar (CAT) , the massive Machine Company and Roku (ROKU), the box that makes staying at home and watching non-linear TV so much fun. “
“I know we’re talking like there are two markets there, the freedom market, which is going to the movies or having dinner or getting on a plane to travel again, and the trapped market, the one where we ride our Pelotons (PTON) and cook with our Conagra (CAG) while wiping our kitchens and baths with Clorox (CLX) wipes, but it’s actually a false dichotomy when it comes to this what’s going to happen next, ”he continued.
In search of hybrid games
Start looking for hybrid games, advises Jim Cramer.
“Investors need to get used to the word ‘hybrid,’ Jim Cramer told Mad Money viewers on Wednesday. The streets Scott Rutt in his Crazy money to summarize.
There aren’t many stocks that work well in a hybrid world, Cramer said, but when you find them you have to go big or go home. For example, whether you are locked up at home or having fun at home, you will likely be spending money on your home. This means now is a great time for stocks like Home Depot (HD) – Get the report and Lowe’s (LOW) – Get a report, as well as the items these stores carry, like Stanley Black & Decker (SWK) – Get the report.
Is Nobody Safe From The Semiconductor Shortage?
According to Nikkei Asia, the production of some Apple (AAPL) – Get the report Macbooks and iPads have been postponed due to the global semiconductor shortage.
Chip shortages have resulted in delays at a key stage in MacBook production – mounting components to circuit boards before final assembly, sources told Nikkei. According to the sources, some iPad assemblies have been postponed due to a lack of screens and display components.
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