Today, Javed Mirza and Jim Cramer - Mad Money commented about whether NVDA-Q, NVDA-Q, ADBE-Q, WDC-Q, SMMT-Q, OTIS-N, SMCI-Q, MRVL-Q, RH-N, IBM-N, AMZN-Q, BMY-N, LLY-N, F-N, NVO-N, DIS-N, CMG-N, AMD-Q, GOOG-Q, PEP-Q, PFE-N, MRK-N, SPOT-N, PYPL-Q, PLTR-Q, SU-T, AEM-T, WCN-T, IMO-T, AP.UN-T, VRN-T, CPX-T, CNR-T, CP-T, TSU-T, IFC-T, GWO-T, FFH-T, MFC-T, SLF-T, NVDA-Q, INTC-Q, BHP-N, WFG-T, GEI-T, PKI-T, WCP-T, ENB-T, AC-T, LMT-N, BA-N, CSU-T, XHB-N, SOXX-Q, SMH-Q, CLS-T 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.