Jim Cramer: Okta versus Deere is the best way to understand the current stock market скачать в хорошем качестве

Jim Cramer: Okta versus Deere is the best way to understand the current stock market

"Mad Money" host Jim Cramer said Tuesday he believes Wall Street's ongoing sector rotation is best illustrated by recent trading in shares of Okta and Deere & Co. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 CNBC’s Jim Cramer on Tuesday stressed to investors that Wall Street is going through a sector rotation, turning away from formerly high-flying growth stocks in anticipation of tighter monetary policy. To illustrate his point, the “Mad Money” host pointed to recent trading in shares of identity management software firm Okta and agriculture giant Deere. “Okta versus Deere is the best way to understand this market,” Cramer said. ’“At this point in the business cycle, the playbook says you have to go with more tangible companies that make real things and generate real profits. ... Conceptual is out, tangible is in,” he added. A year ago, Cramer said investors were willing to pay up for Okta’s strong revenue growth even as the company remained unprofitable. However, now money managers are reacting to high inflation readings and preparing for likely interest rate hikes from the Federal Reserve, Cramer said. Cramer said that shift helps explain why Okta shares are down 4% over the past five days, while Deere is up 6.2% in that same stretch. “I don’t mean to pick on Okta. We all know anything can bounce. There are literally dozens upon dozens of these nosebleed valuation stocks; Okta’s just among the best of them,” Cramer said. “At the moment, though, that makes it the best house in an awful neighborhood.” By contrast, Cramer said he expects the market to be very forgiving toward stocks such as Deere, Boeing and Honeywell. Banks, which benefit from higher interest rates, are also in favor at the moment, he said. “It’s not as simple as tech versus non-tech. There are plenty of cheap, tangible tech stocks out there” such as IBM and Hewlett Packard Enterprise, Cramer said. “Again, though, these are easily valued businesses that have a John Deere-like feel, and that’s what you need.” » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n...   Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV