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Jim Cramer Breaks Down What the General Electric Upgrade Means for the Markets: 12/13/18

May 12, 2023
in Trade Tube
Reading Time: 1 min read
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It’s been a crazy week in the markets.
TheStreet’s Staff reported Wall Street finished higher on Wednesday, Dec. 12, as investors cheered progress in U.S.-China trade talks and after a report said China was planning a new program that promised greater access for foreign companies.

Stocks advanced on Thursday, Dec. 13, and shares in Asia closed higher as trade tensions eased between the U.S. and China, the world’s two largest economies.
The Dow Jones Industrial Average rose 74 points, or 0.3%, to 24,601, the S&P 500 gained 0.37%, and the Nasdaq was up 0.32%.

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After receiving an upgrade from JPMorgan’s Stephen Tusa, General Electric GE is soaring. At 9:43 a.m., GE was up nearly 10% to $7.33 a share.
The company is Real Money’s stock of the day.

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