Cramer's Morning Take: Amazon 1/11/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 11 January 2024
⏱️ 4 minutes
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| 0:00.0 | I'm Jim Kramer and you're about to hear a sample taken directly from today's |
| 0:06.0 | CBC Investing Club morning meeting. |
| 0:09.0 | I have to tell you, this is one of those days. |
| 0:13.0 | If I were on the trading desk like I used to, I would say, come on. |
| 0:17.0 | How many days can we go up on the same information? |
| 0:21.3 | On Nvidia doing well at CES, on Microsoft doing well with the co-pilot, on Amazon laying |
| 0:26.7 | off people so go by. |
| 0:28.4 | Jeff, how many days can we go up on the same thing? |
| 0:32.2 | Well, those are the stocks that have had just massive runs this week, a lot of them making |
| 0:36.1 | new 52-week highs, Amazon, Nvidia today, Palo Alto. |
| 0:41.0 | But it's a fair question. |
| 0:42.5 | I do think CPI also has a little bit to do with it. |
| 0:45.2 | I was a little confused at first why the market was initially shrugging off the slightly |
| 0:49.6 | hotter data. |
| 0:51.0 | But we're seeing a decline and certainly a decline we've kind of been |
| 0:55.1 | prepping for. Right. Now, I'm so glad you mentioned what you said, because I think that |
| 1:00.5 | just to pit a little bit to Coinbase, and to not just Bitcoin, but Ethereum and Solana, |
| 1:11.3 | that was a sell in the news, okay? |
| 1:13.6 | It finally gets approved, and it hasn't happened yet. |
| 1:15.6 | But there is a sense that everything could be selling the news after this big run, |
| 1:19.7 | and we've been prepping for that. |
| 1:21.2 | But I also know that these companies are doing better than we thought. |
... |
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