43 min
Friday Markets: Have We Found the Bottom? ... And Cramer Says Buy Amazon and Defense Stocks 05/20/22 Squawk on the Street
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- News
With the markets on track for another weekly decline, Carl Quintanilla, Jim Cramer and David Faber discussed stocks looking to rebound and whether this might indicate a bottom. The anchors also reacted to Amazon's nearly 30% decline from a month ago and Citi taking the stock off of its "Focus List." Jim explains why he believes Amazon is a buy at current levels -- and feels the same way about the defense sector. Also in focus: China cuts a key interest rate, Deere tumbles despite an earnings beat,
Ross Stores joins the list of retailers getting crushed, Palo Alto leads a security stocks rally and Elon Musk strikes back against sexual harassment allegations.
With the markets on track for another weekly decline, Carl Quintanilla, Jim Cramer and David Faber discussed stocks looking to rebound and whether this might indicate a bottom. The anchors also reacted to Amazon's nearly 30% decline from a month ago and Citi taking the stock off of its "Focus List." Jim explains why he believes Amazon is a buy at current levels -- and feels the same way about the defense sector. Also in focus: China cuts a key interest rate, Deere tumbles despite an earnings beat,
Ross Stores joins the list of retailers getting crushed, Palo Alto leads a security stocks rally and Elon Musk strikes back against sexual harassment allegations.
43 min