Cramer's Morning Take: Constellation Brands 12/1/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 1 December 2023
⏱️ 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 morning meeting. |
| 0:09.3 | I have to tell you, I've been saying flop chop. You've been saying flop chop. |
| 0:13.0 | Dow, I'm 500 yesterday. We're kind of flattish today. |
| 0:16.4 | I think that we are seeing, as I've been emphasizing, and I did on last night and on this |
| 0:21.1 | morning, rotation out of maintenance is in seven for a little bit. People looking for new |
| 0:24.5 | ideas. It happens right about now. |
| 0:26.2 | No, absolutely, especially when you've seen some encouraging news on the inflation front |
| 0:32.1 | and the idea that maybe the Fed no longer needs to tighten. That's what, of course, the Wall |
| 0:37.4 | Street Journal was saying |
| 0:38.4 | this morning. It's rate cuts still a little bit of a debate. But yeah, we're seeing rotation, |
| 0:43.1 | but it's money not really leaving the market as if the only down about flat today. It was a nice |
| 0:48.0 | markup at the end of the day yesterday. Do you know there's a period where if the oscillator |
| 0:52.6 | stays in the four or five area? |
| 0:55.6 | Literally, and I've done a lot of work on this, it can stay here for a long time, stay overbought, |
| 1:01.1 | if the market, if the money rotates to one area from another. |
| 1:05.9 | Because, like, The Magnificent Seven is not overbought. |
| 1:09.7 | No, I mean, they've come in. |
| 1:11.4 | They've come in this week. |
| 1:13.3 | I mean, look, we trim some meta Monday, some alphabet as well. |
| 1:17.1 | I mean, look, it's just portfolio management, right? |
| 1:19.7 | After these stocks make such big moves, they're due for arrest. |
| 1:24.1 | Not everything can go up in a straight line. |
... |
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