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Friday Markets: Have We Found the Bottom? ... And Cramer Says Buy Amazon and Defense Stocks 05/20/22

Friday Markets: Have We Found the Bottom? ... And Cramer Says Buy Amazon and Defense Stocks 05/20/22

FromSquawk on the Street


Friday Markets: Have We Found the Bottom? ... And Cramer Says Buy Amazon and Defense Stocks 05/20/22

FromSquawk on the Street

ratings:
Length:
44 minutes
Released:
May 20, 2022
Format:
Podcast episode

Description

With the markets on track for another weekly decline, Carl Quintanilla, Jim Cramer and David Faber discussed stocks looking to rebound and whether this might indicate a bottom. The anchors also reacted to Amazon's nearly 30% decline from a month ago and Citi taking the stock off of its "Focus List." Jim explains why he believes Amazon is a buy at current levels -- and feels the same way about the defense sector. Also in focus: China cuts a key interest rate, Deere tumbles despite an earnings beat,
Ross Stores joins the list of retailers getting crushed, Palo Alto leads a security stocks rally and Elon Musk strikes back against sexual harassment allegations.
Released:
May 20, 2022
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.