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A Hike in Interest Rates Could Mean Stock Buying Opportunity, Says Cramer

July 12, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer says he doesn’t expect the Fed to raise rates in June, but if it does, he sees the market dropping 2% to 3% and says that’s a buying opportunity. He says banks have risen in anticipation of a rate hike and he thinks they could give up those gains if there is no rate hike in June. Jim also says he likes both Goldman Sachs (GS) and Morgan Stanley (MS). He thinks the airlines, like Delta (DAL), American (AAL), and JetBlue (JBLU) are doing fine and he wouldn’t sell any of them. He sees Gilead (GILD) breaking out at these levels and expects them to do something imminently with their cash. He also says he’s sticking by Halyard Health (HYH). Jim answers your Twitter questions on the floor of the New York Stock Exchange.

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