50% off Premium Yearly
Today, Javed Mirza and Jim Cramer - Mad Money commented about whether NVDA, ADBE, WDC, SMMT, OTIS, SMCI, MRVL, RH, IBM, AMZN, BMY, LLY, F, NVO, DIS, CMG, AMD, GOOG, PEP, PFE, MRK, SPOT, PYPL, PLTR, SU.TO, AEM.TO, WCN.TO, IMO.TO, AP.UN.TO, VRN.TO, CPX.TO, CNR.TO, CP.TO, TSU.TO, IFC.TO, GWO.TO, FFH.TO, MFC.TO, SLF.TO, INTC, BHP, WFG.TO, GEI.TO, PKI.TO, WCP.TO, ENB.TO, AC.TO, LMT, BA, CSU.TO, XHB, SOXX, SMH, CLS.TO are stocks to buy or sell.
Next downside potential is ~$49 (the 200-day or 40-week MA). The big runup on the chart is part of the whole AI derivative trade. There was support around $60, and it busted through that by 15% in one day on Monday's DeepSeek news. Uptrend has been broken, the bounce is over, downtrend likely by another 10% to resume and head to $49.
You could sell a bit here and buy back around $49. If you're looking to buy new, just sit on your hands and wait till then.
Thinks rates are heading higher, so REITs are going to come under pressure. If the S&P 500 real estate sector is down 2%, perhaps the Canadian sector won't be hit as hard, but it'll still head lower. If his call is correct about a bigger correction later on, it'll be a better opportunity.
Look to energy names instead for a strong dividend yield.
Garbage is boring and a beautiful business. Looks poised to break out to new highs. A boring name with strong technicals (price momentum, RSI, and whether institutions are buying or selling). Price momentum is improving and, especially, trading above 50- and 200-day MAs. RSI is reaccelerating. Strong technical setup, with a good fundamental idea. Yield is 0.6%.
(Analysts’ price target is $287.29)
Chart looks better and fundamentals work. When those 2 factors go hand in hand, it's quite compelling. Has outperformed CNR.