Happy Friday! Today is the end of TheStreet Live with Jim Cramer and Katherine Ross for 2020, but we will return in 2021 to break the markets for investors.
We may see another vaccine approved this weekend …
Joi, Moderna’s (mRNA) – Get the report the coronavirus vaccine candidate has won the support of an advisory committee of the Food and Drug Administration, which paves the way for the second vaccine to receive an emergency use authorization from the FDA.
Official FDA approval could come Friday, meaning nearly 6 million doses of Moderna vaccine will be shipped nationwide starting this weekend, The New York Times reported.
However, shares remained pressured in intraday trading on Friday as Tesla prepares for inclusion in the S&P 500. “[The] the artificial nature of the sale cannot be avoided, “Cramer said, adding that the money is leaving Apple (AAPL) – Get the report and headed for Tesla.
Cramer said this could be your chance to buy Apple at a discount.
“I think Apple is being liquidated,” Cramer said.
In the video below, Jim Cramer talks about Stimulus, Modern, FedEx (FDX) – Get the report, Microsoft (MSFT) – Get the report, Tesla (TSLA) – Get the report, Darden (DRI) – Get the report, Coinbase and more:
And that comes as we wait for a stimulus bill to go through the negotiation stage and to the finish line on Capitol Hill.
Progress on mitigating the pandemic has been slow, as some senators have opposed emerging elements in the $ 900 billion stimulus measure, according to Bloomberg.
Senate Majority Leader Mitch McConnell said an agreement “seems close,” but negotiations are likely to continue over the weekend.
Cramer said a successful distribution of the stimulus-associated vaccine could lead to a 1920s-style boom, especially in the travel and leisure sector.
“Look carefully at travel, leisure, hotels … the number one name is Boeing (nay) – Get the report“Cramer advised.
Daniel Kuhn contributed to the reporting of this article.
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