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Squawk on the Street

Cramer's Morning Take: Broadcom 12/13/24

Squawk on the Street

CNBC

News, Investing, Business

4.1567 Ratings

🗓️ 13 December 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Cramer says this chipmaker is a ‘powerhouse’. 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

I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club morning meeting.

0:09.0

Now, we had a market yesterday where we looked like I thought we're going to break the spell of negativity, but we didn't.

0:18.0

Yeah.

0:19.0

And it continues today and it has to do with certain breadth issues

0:22.7

that we know are not positive. Yeah, Deutsche Bank put out a good stat. Yesterday was the ninth

0:29.1

consecutive day of more fallers than risers in the S&P 500. It's the longest streak since 2001.

0:35.4

And, you know, we're trying to come up with maybe some reasons why the 10-year yield continues to

0:40.3

march higher ahead of next week where the Fed is likely will cut rates by 25 basis points.

0:46.3

We have minus two on the oscillator.

0:48.3

We're not oversold not to be able to go in.

0:51.3

Yeah, but getting close, getting close.

0:53.3

Maybe some changes next week when we have our acclimity. Yeah, but getting close, getting close. Maybe some changes next week when we have our club.

0:56.9

Yeah, but there are individual stories that are shining.

1:00.0

The biggest one today is Broadcom.

1:02.1

And we do.

1:02.6

Joining the $1 trillion market cap club with this move today.

1:08.2

And, you know, it's funny because the results itself, roughly in line,

1:12.4

you know, revenue was still a big, 51% earnings of 28%. He had semis, semiconductor revenue do better

1:18.7

than software. Software, some deal slipped into next quarter. And how about the numbers,

1:23.1

the projections of how much business is going to be the serviceable address of, you know,

1:27.4

market is

1:28.3

gigantic the commentary so bullish on the AI story they're talking about this serviceable

...

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