The Market Hasn't Hit Its Crescendo Yet, Says Jim Cramer

Credit: The Street
Published on March 7, 2019 - Duration: 09:56s

The Market Hasn't Hit Its Crescendo Yet, Says Jim Cramer

If the market ain't happy, is anybody happy?

Jim Cramer's got some thoughts about the market and the headlines that are dominating business news Thursday.

What's Up, Facebook?

Facebook wants to be the place users come for private communications and the company is working on infrastructure to make those communications as secure as possible, according to a new 3,000-word post from CEO Mark Zuckerberg.

Facebook is in the process of integrating its three huge messaging platforms -- Messenger, Instagram and WhatsApp -- so that users on any one of them can communicate directly with each other.

It's also reportedly working on a stable cryptocurrency that would enable secure payments to be made between WhatsApp users.

Kroger's Earnings Whiff Real Money Stock of the Day Kroger reported adjusted earnings for the three months ending in January came in at 48 cents per share, down 11.1% from the same period last year and 4 cents shy of the Street consensus forecast.

Group sales, Kroger said, were also 11% lower at $28.1 billion and again fell short of the consensus forecast of $23.38 billion.

Looking into 2019, Kroger said it sees full year earnings in the range of $2.15 to $2.25 per share, lower than the $2.26 estimate from Refinitiv.

Related.

Kroger Wilts as Disappointing Results Affirm Weakness in Its Charts Um, FOBS?

What exactly is FOBS and why should investors add this new acronym to their dictionary?

The answer: Jim Cramer coined the acronym "Fear of Big Sellers" aka FOBS in his Real Money column yesterday.

"By now you have heard of FOMO, or Fear of Missing Out.

It's what happens when you watch stocks go ever higher and decide, what the heck, I want in, I want to buy stocks, I want ETFs, I want index funds," wrote Cramer.

"We don't have FOMO now.

We've got FOBS, Fear of Big Sellers, and it is so palpable that its coloring everything and every sector." Related.

Now We've Got FOBS, Fear of Big Sellers Watch Jim Cramer's Daily NYSE Show and Replays Below

Advertisement

You are here

Recent related videos from verified sources

Bank CEO's: Two Biggest Risks to the Financial System -- ICYMI 01:21
Credit: The Street - Published 1 week ago 

Jim Cramer: Why Facebook Needs an Independent Committee 00:49
Credit: The Street - Published 3 weeks ago 

Here Are Jim Cramer's Rules for Spotting a Stock Market Bottom 00:45
Credit: The Street - Published on March 15, 2019 

Facebook's Payments Play Could Pay Off Big Time -- ICYMI 01:52
Credit: The Street - Published on March 11, 2019 

Jim Cramer Says That Investors Shouldn't Be Overwhelmed By the Market 15:42
Credit: The Street - Published on March 8, 2019 

You might like