CNBC’s Jim Cramer released his forecast for the market on Wednesday as many stocks failed to trade balance after positive quarterly reports.
“Most stocks just don’t get a lot of pin action right now for what they do, in part because the market has had a miraculous run.”Bad money“said the host.” This makes everything seem like a yawn and it starts to bother me. “
Cramer pointed out the lack of dynamism in trading with chip manufacturers modern micro devices, Bank and consumer goods inventories after their respective numbers are published.
AMD shares fell 1.40% to $ 84.02 on Wednesday, the day after the company reported a quarter that Cramer described as “stunning”. Since the publication of the results for the first quarter two weeks ago JP Morgan Stocks are down 1.2% while names like Citigroup and Bank of America have gained little to nothing since their reports.
“If your company isn’t a big beneficiary of the big reopening, nobody cares,” Cramer said. “Even then, you have to deliver a massive upside surprise – not just a regular upside surprise – to get this market’s attention.”
Disclosure: Cramer’s charitable foundation owns interests in Apple and Advanced Micro Devices.