Are you feeling less than bullish?
Jim Cramer, founder of TheStreet, wrote about the power of negativity for his Real Money column on Tuesday, Oct. 30.
He focused heavily on the fact that investors are giving into the hype of negativity by selling. And yet, Cramer says that’s not how he’d handle it.
At the end of his column, he wrote, “So I wait until the selling stops. Like everyone else. Which is why they can fall so fast. Which is how bargains are created. Or at least will be, one day. Right now, though, I’m thinking negatively. And it’s powerful as all get out.”
Cramer explained what his thoughts are in regards to the power of negativity on the floor of the New York Stock Exchange.
The King of Video Games?
He broke down why, despite the popularity of Red Dead Redemption 2, rumors about the game caused Take-Two Interactive fell during Monday trading.
And yet, it was revealed Tuesday morning that Red Dead Redemption 2 has sold over $725 million in sales. That number ranks the video game as the second largest entertainment launch right behind Grand Theft Auto–a game that is made by the same studio, Rockstar Games, as Red Dead.
Year-to-date, Take-Two is up nearly 12%.
It’s set to release earnings on Nov. 7.
Ask Jim
In TheStreet’s Ask Jim segment, Cramer was asked by Twitter user @Bret_K whether or not Cramer likes Spotify or Salesforce.
Cramer responded that it’s a tough call, but he went with Salesforce.
Over the past three months, Spotify has fallen 22%. It’s set to report before the bell on Thursday, Nov. 1.
Salesforce, on the other hand, has fallen 5% in the past three months. Salesforce will be reporting earnings after the bell on Nov. 19.
Got a question for Jim? Tweet at or message @KatherineRooss on Twitter.
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