Happy Friday! Today is the last TheStreet Live with Jim Cramer and Katherine Ross for 2020, but we are back in 2021 to break down the markets for investors.
Maybe we’ll see another vaccine approved this weekend …
Thursday, Moderna (MRNA) – Request report Candidate for the coronavirus vaccine received support from an advisory committee from the Food and Drug Administration, which is paving the way for obtaining emergency use authorization from the FDA for the second vaccine.
Formal FDA approval could come Friday, meaning nearly 6 million doses of the Moderna vaccine would be shipped nationwide as of this weekend, The New York Times reported.
However, stocks remained under pressure during Friday’s intraday trading as Tesla prepares to enter the S&P 500. “[The] the artificial nature of the sale cannot be avoided, ”said Cramer, adding that the money is leaving Apple (AAPL) – Request report and on the way to Tesla.
Cramer said this may be your chance to buy Apple at a discount.
“I think Apple is going to be liquidated,” Cramer said.
In the video below, Jim Cramer talks about Incentive, Moderna, FedEx (FDX) – Request report, Microsoft (MSFT) – Request report, Tesla (TSLA) – Request report, Darden (DRI) – Request report, Coinbase and more:
And this comes as we wait for an incentive bill to get through the negotiation phase and the finish line on Capitol Hill.
According to Bloomberg, progress in pandemic alleviation has been slow as some senators have objected to emerging items in the roughly $ 900 billion stimulus measure.
Senate leader Mitch McConnell said a deal “appears to be near,” but negotiations are likely to go on throughout the weekend.
Cramer said successful distribution of the vaccine coupled with incentives could lead to a 1920s-style boom, especially in the travel and leisure industries.
“Take a good look at travel, leisure, hotels … the number one name is Boeing (BA) – Request reportCramer advised.
Daniel Kuhn contributed reporting to this article.
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