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Squawk on the Street

Cramer's Morning Take: New Wave of Tech 4/3/22

Squawk on the Street

CNBC

Investing, News, Business

4.1567 Ratings

🗓️ 3 April 2023

⏱️ 3 minutes

🧾️ Download transcript

Summary

Jim Cramer and Jeff Marks discuss why April is historically a good month for stocks. 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

0:06.7

CNBC Investing Club warning meeting.

0:10.5

When I look at numbers about how if quarter A was good, quarter B would be good, I tend

0:16.7

to not really take them with much credibility.

0:19.8

But there is certainly something going on when you have a quarter where the S&P gains 5.5%.

0:26.1

And then the month of April, it's historically good.

0:30.7

15 out of 17 April's.

0:33.7

And then you've got this up five.

0:36.4

You posted first game 20, 28 times. Only four of those times is the indexed fallen on an annual basis.

0:43.3

These are what I call dispositive numbers.

0:45.3

So it makes me feel, I don't say create false hope because we have a Fed tightening cycle, but April comes in with a bag.

0:53.3

Yeah. And I know that we're going to, we could get a dip ahead of the earnings, which we've got reports of banks next Friday, not this Friday.

1:01.0

But I like what I see.

1:03.3

Yeah, of course.

1:04.0

And last April, you might remember, was a pretty bad April.

1:08.2

But so was the beginning of the year, too.

1:10.4

So there's this kind of negative momentum effect happening there. But so was the beginning of the year, too. So there's this kind of negative momentum effect

1:13.5

happening there. But yeah, and Jim, we're off to a strong start for the second quarter as well. April

1:19.1

off to a nice move here, seeing the Dow outperform energy is really the story of the day today.

1:24.7

Look, this was down last night. This was down double what it is now, okay?

1:29.4

Because people feel that tech is not the way to play.

1:32.4

Obviously, energy.

...

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