Cramer's Morning Take: Broadcom 3/7/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 7 March 2025
⏱️ 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 CBC Investing Club |
| 0:07.6 | morning meeting. |
| 0:08.6 | We had a jobs number that I thought was about as perfect you get, that it's no recession |
| 0:15.2 | and no inflation at the average hourly earnings were really terrific because it showed you that the Fed may have to not worry |
| 0:22.2 | about this particular part of the problem. And instead, what happens is people just sell. And I think |
| 0:27.9 | that there's a mistake. I think there are things to buy and we're going to go over them. |
| 0:31.3 | Yep. Look, we've had a couple attempts at a rally, not oversold as much as we'd like minus 4.8 on the oscillator. I really want |
| 0:38.6 | to see five, six, seven to really kind of get that strong, sustainable balance. |
| 0:44.7 | You get the wish and crescendo by selling we haven't had that. |
| 0:48.0 | Yeah. But the jobs report itself, I'd call it not as bad as feared. It was a miss, 1501 versus 160 expected. The unemployment rate ticked up |
| 0:56.3 | from 4%. Average hourly earnings, 4%. That's actually a tick below expectations. Healthcare, |
| 1:03.2 | financial activities, transportation added. Federal government down 10,000 as expected. People think |
| 1:08.3 | March... Beginning. Yeah, people think March you'll see more of the Doge impact. But again, I think considering |
| 1:14.8 | some of the weak data that we've seen it, we know March, February, excuse me, has been a very bad |
| 1:19.3 | month for weather. That's something by the way of Costco cited, but it really didn't matter. |
| 1:24.8 | I want to go over Broadcom first. Look, this was about a phenomenal quarter. |
| 1:30.9 | The fact that it's barely up, the fact that they're going to take it probably unchanged. |
| 1:34.5 | This is just pressure from people selling semiconductor index. |
| 1:37.7 | The SMH, people believe the semiconductors are awful. |
| 1:42.0 | They think that this is, they're being very, I would say, |
| 1:46.6 | judgmental in selling all because this was one of the best quarters I've ever seen. And that |
| 1:51.2 | won't last. People will come back to this. So my advice is wait until they take it to unchanged, |
... |
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