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Squawk on the Street

Cramer's Morning Take: Best Buy 11/15/24

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 15 November 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Cramer says he’s nervous about this tech retailer. 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

Click on a timestamp to play from that location

0:00.0

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

0:07.2

Investing Club warning meeting.

0:09.7

Today the markets are lower and the S&P's had a tough week.

0:13.8

I think that the market is trying to digest who exactly is President-elect Trump.

0:19.4

And the skepticism you're seeing down here with the NASDAQ goes right

0:22.8

in part and parcel with the tenure, which is back to 4.45. I don't think that we're getting

0:28.4

a very fair depiction of what could happen under the Trump team because we don't even have

0:36.1

the economic conscience.

0:37.7

But we're reacting to Robert of Kennedy Jr., which is a revelation because he's against

0:42.2

basically against the science that a lot of our companies have.

0:45.7

And there's a sense that maybe the Attorney General is a little off the reservation.

0:49.2

Maybe the interior guy will be drill, baby drill.

0:53.9

I mean, so I guess what I'm saying is,

0:54.8

is that there is a bit of an unease on Wall Street.

0:58.2

Some of the enthusiasm of last week coming back out.

1:02.3

Surprisingly, though, you still have energy and financials doing quite well.

1:07.0

Yes.

1:07.4

Those are the best performing sectors today and on the week. And a lot of that is under the

1:13.5

idea of a deregulation, pro-business environment. We're finally seeing Co-Targeting recognition

1:20.7

for becoming much more oily. And by the way, just, you know, most of the analysts have a 30-plus

1:25.8

price target. And I think that's right. I would love to double down code here because I think it's the

1:31.6

best yeah and I think it's I have to tell you I think it's data center plate people

...

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