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Squawk on the Street

Cramer's Morning Take: Amazon & Danaher 11/21/23

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 21 November 2023

⏱️ 3 minutes

🧾️ Download transcript

Summary

Jim explains why he believes it’s not yet the time to buy more Amazon. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

Jim Kramer here to share with you a sample of my take on the market from today's

0:07.0

CMBC Investing Club warning meeting.

0:09.0

Bezos is selling a huge amount of stock. Now, I don't know how to combat that. I don't

0:16.0

think anyone is going to want to be on the other side of Jeff Bezos selling.

0:21.1

I would point out that the stock trades very, you know, trades like Writers, you say, on the desk,

0:26.8

and I would not be that concerned about the level being found where the stock meets buyers.

0:33.5

But when you have this kind of gigantic wave of selling from the largest shareholder,

0:37.3

who owns a lot of stock, people are going to be very skittish about buying it.

0:40.6

So we'll find a level where we can buy Amazon, where I can tell you to buy Amazon,

0:45.1

we have a big position in it.

0:46.5

But it's not here yet because this is just people getting aware right now that Bezos is a seller.

0:53.2

That's way too soon for us. Now, a stock that is working

0:56.1

very well, switch directions for a second, is Dan or her. And you say, well, why is Dan

1:00.6

her doing well? Well, a lot of this is because Agilent, which is in an analog, not a perfect

1:06.3

analog, but does instrumentation. Agilent had a very good quarter, and there's about eight people

1:12.8

took it up and two took it down. But for the most part, Agilent is a re-through to the kind of

1:17.8

instruments that are sold by Thermo Fisher and by Danher. And Agilin having a decent quarter is basically

1:24.5

saying, look, there's hope here. And I think there's hope and I think

1:28.3

it's going to matter. And I do think that Dan and her is finally done going down with this acquisition.

1:34.5

I think numbers can go higher. And when numbers go higher, this is a stock that reacts very closely

1:40.9

to whether numbers go up. So anyway, without Jeff, I'm going to truncate it,

1:45.5

and I'll be back, of course, for the home stretch. But there's a lot that I see good, but I am

...

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