Today, Keith Richards and Jim Cramer - Mad Money commented about whether NVDA-Q, LU-N, DELL-N, SOFI-Q, ACAD-Q, SYM-Q, UWMC-N, JNJ-N, BGS-N, ELF-N, TT-N, CARR-N, ANF-N, CAVA-N, EVRG-Q, KMI-N, SPG-N, TGT-N, UBER-N, VMW-N, MRNA-Q, NVDA-Q, DD-N, AZEK-N, FBIN-N, WYL-T, SWK-N, SHW-N, HD-N, TOL-N, OIH-N, ZMT-T, F-N, UBER-N, CLS-T, AC-T, EFN-T, CNR-T, BTI-N, NXE-T, ONEX-T, CU-T, CCO-T, CASH-T, ZEM-T, ONON-N, AQN-T, NOK-N, BYD-T, NFLX-Q, BN-T, CSU-T, LNR-T, LIF-T, CARR-N are stocks to buy or sell.
The question was on the state of the market. It measures a lot of things and he uses a Bear-O-Meter which has been in the neutral area. There has been a lot of good news but pay attention to the chart. It looks OK with the recent breakout. He gives a nod to the TSX over the next few years with a lot of commodities in it.
It has a good mix of base metals and has been consolidating. He has owned for a while and it is good for the longer term. Hard assets should have their moment of glory compared to financial assets which have been enjoying their moment of glory. He thinks there is a rotation to commodities in the coming years.
Oil stocks in Canada have been overlooked. There is a bit of a base going on and they are breaking out from that base. Eventually they will break out from the bottom. If you think oil stocks are going up this has been a bit of a laggard. They also own some oil producers including Suncor. It is a longer term holding.