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Jim Cramer says Nasdaq full of companies 'in danger' of going through cash position - YouTube
Channel: CNBC Television
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jim we got the 10-year near 3-2
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settled back just a bit maybe on that
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bostic headline that he thinks 50 at a
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time is pretty good yeah i just think
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that what we're up against is that even
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this morning we were down substantially
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at 4 30 5 36 and then we rally a little
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bit and you know that's just tricky i
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mean the dow was down 540. now it's down
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to 390. you're not coming in at the low
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and i think that we all kind of feel
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like you know what we have to take out
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levels
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oh every single strategist this morning
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was negative
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and uh
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i tend to believe that what they're
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right except for the s p 500 is doing a
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lot better than the nasdaq and the
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nasdaq is filled with companies that are
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under their cash position or are
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in danger of going through the cash
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position so
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not great uh yeah truest this morning
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even though half of naz components are
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off 50
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from the 52-week high
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nasdaq in a recession scenario they
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argue down 17 to 10k or so are you are
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you that are that no i'm not i mean
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because the
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look this is in 2020 i mean the
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companies that we're talking about are
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making fortunes a lot of the big ones
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it's just the bottom half of the russell
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1 000. it's just horrible even top of
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the rest of 1000 there's stocks that are
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down gigantically but you know the
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larger companies have a lot of cash and
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i'm not worried about them uh it's the
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biotechs which are 37 under cash if
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that's the case then when are they they
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can't raise any money no one can raise
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money so palantir is a good example
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dramatic slowing dramatic decline in
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their cash flow they have enough but why
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is eight the right level
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yeah palantir is interesting they they
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reiterated their call for continued
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revenue gain but their operating margin
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is going to go from 30
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a year on year to maybe 20 in the
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current quarter oh no that's just it's
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it's i don't call it a disaster because
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but revenue grows 16 from government
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that's the slowest uh last year they did
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they
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did they have justified cash for only 30
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million dollars uh
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they're doing so poorly in terms of the
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of order growth
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so i don't i don't know i mean look i
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don't want to dwell on that because
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that's kind of a
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stock you never really heard of the one
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for kathy wood
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i'll make you go on like a teledoc
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again the competition's just horrible
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but then we take a look at a company
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like lockheed martin i saw jim taylor
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this weekend on face the nation
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sees you know abundance of orders really
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trying to meet to man that's that's a
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classic s p name it's doing well so for
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every ten that are bad there's probably
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two or three that are good right
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yeah um in terms of weak demand uh b of
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a has been tracking the mentions of weak
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demand and earnings calls right and like
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a lot of metrics takes you back to q2 of
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2020. yes okay we were talking a lot
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about that this morning uh for the
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investment club it is absolutely clear
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that people want to just repeal the
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whole game
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every bit of it and first it was for
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stay in place i mean draftking but now
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those far exceeded that peloton but now
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it's just they want to go after the ones
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that were very good and take them like
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the work days really great quarter uh
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the the larger ones i mean by the way
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tyson food came out this morning
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this one is the first one that's the
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actual break that we might have in that
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the double-digit gains are this doesn't
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sound so good but double-digit gains are
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slowing so the price increases for beef
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weren't as much uh for chicken not as
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much pork not as much against that i
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don't see a lot of negative uh
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cpi kinds of numbers that use cars down
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so i mean you've got this you want this
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race of
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prices to come down for some companies
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but not their earnings to be crushed
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it's just very hard
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it is hard but at the same time you got
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some companies that are adapting this
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piece we have on uber and this employee
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memo that darakas rasha he wrote
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basically looking at a seismic shift in
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investor demand uh they're going to cut
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marketing spend incentives hiring will
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become a privilege
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that was well you know what i was
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looking for the n5000 people would be
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laid offline they didn't give us that d
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the memo mark zuckerberg put out last
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week was very interesting for uh meta
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where they're basically not hiring the
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lower end engineers they're still
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looking for higher end engineers and i
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think the perception is well they're
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doing poorly i think it's the opposite
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there's a lot of higher engineer talent
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can be laid off i mean that's
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right now it's going to be a white
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collar recession
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