Jim Cramer took a deep dive into the market on Friday, Nov. 2. He went in-depth on the jobs number, which was impressive, and harped on the fact that he doesn’t believe Wall Street understands the importance of higher pay.
Here’s what Cramer had to say.
Jobs Report
Cramer discussed the jobs report, which blew estimates out of the water.
U.S. employers added 250,000 jobs in October, versus expectations of 190,000.
Cramer’s team of analysts over at Action Alerts Plus took a deep dive into the report for club members.
December Rate Hike
Just because Cramer has been critical of the Federal Reserve in the past couple of weeks does not mean that he doesn’t think it should hike rates.
However, Cramer thinks that it’s important for the Fed to take a break after December in order to reevaluate the economy and the market before deciding to hike rates once more.
Want some more insight on why Cramer has been so critical of the Fed? He’s written extensively on it for his columns for Real Money.
Apple Earnings
Cramer discussed the Apple earnings.
Investors were disappointed after the company announced that it wouldn’t be releasing unit numbers going forward. Cramer said that, while he agrees with the decision, he wasn’t too pleased about the execution.
However, Cramer still likes the company and he likes what Tim Cook, CEO, and Luca Maestri, CFO, are doing with the company.
Apple is a holding in Jim Cramer’s Action Alerts Plus portfolio.
Ask Jim
Got a question about the market? Send your questions to @KatherineRooss on Twitter or email them in to [email protected].
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