CORP/BIZ Cramer on market plunge: Coronavirus impact on companies could be ‘more severe than thought’

Cardinal

Cardinal

Chickministrator
_______________
www.cnbc.com

Cramer on market plunge: Coronavirus impact on companies could be 'more severe than thought'

The global stock market sell-off on the widening outbreak of coronavirus beyond China indicates further negative effects on U.S. multinational companies' earnings, CNBC's Jim Cramer said.
www.cnbc.com www.cnbc.com

The global stock market sell-off on the widening outbreak of coronavirus beyond China indicates further negative effects on U.S. multinational companies’ earnings, CNBC’s Jim Cramer said Monday.
With U.S. stock futures pointing to a more than 800-point decline at Monday’s open for the Dow Jones Industrial Average, Cramer tweeted just before 5 a.m. ET that he wanted to “deal with the facts” and not engage in speculation.



Jim Cramer

✔@jimcramer
https://twitter.com/jimcramer/status/1231880888587255808

Jimmy Chill knows if you call it an overreaction and it gets worse , you are a fool, if you say it's only going to get worse then you are a fear-monger.. So let's just deal with the facts. We have lost containment. Now we need to slow it.

345
4:57 AM - Feb 24, 2020
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Later in the premarket, the Dow regained some of the lost ground.
Coronavirus cases spiked in Italy as the euro zone’s third-largest economy grapples with the largest outbreak outside of Asia: more than 150 reported cases and four deaths.
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What does the coronavirus mean for China’s economy?

South Korea’s cases climbed to more than 830, with seven deaths.
Global confirmed cases rose to nearly 79,500 with over 2,600 deaths — still with the vast majority of cases and deaths in China where the COVID-19 virus originated.

Cramer, host of CNBC’s “Mad Money,” said the global nature of the outbreak makes it tougher to address.


Jim Cramer

✔@jimcramer
https://twitter.com/jimcramer/status/1231880378631192577

Cure, Not yet.. Prevention...not yet... But death rate lower than the media wants to make out. However, the commercial effects--my job--could be more severe than thought...

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4:55 AM - Feb 24, 2020
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Jim Cramer

✔@jimcramer
https://twitter.com/jimcramer/status/1231879736814686218

We will get through this.. I know i have been very negative about many stocks.. I still can't be that positive given that we have been very successful keeping travelers from China out of the U.S. but now many other countries have COVID 19

338
4:53 AM - Feb 24, 2020
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.

On Friday, Cramer was already warning that the market was not taking the coronavirus seriously enough as major U.S. companies including Apple, Coca-Cola, and Procter & Gamble sounded the alarm about dents in profits down the road.
“The virus is totally underrated,” Cramer said at the end of last week.
“What I think is a little too premature is they all presume that it is going to be solved within a foreseeable time frame,” he said Friday. “At what point do we say that many, many companies are going to be hurt by the virus [and] we’re paying too much for stocks?”
Intensifying outbreak concerns sent the Dow down 227 points or 0.8% on Friday, breaking a two-week winning streak.
Cramer also tweeted about Warren Buffett’s comments on CNBC on Monday morning. The billionaire Berkshire Hathaway chief said he sees Monday’s market slide as a buying opportunity because he looks at a long time horizon.


Jim Cramer

✔@jimcramer
https://twitter.com/jimcramer/status/1231900465144762368

I think that Warren will be right, of course, because it is pretty hard to be wrong when you can outlast any decline... You can always wait.. It is not a sin to wait...

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6:15 AM - Feb 24, 2020
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Jim Cramer

✔@jimcramer
https://twitter.com/jimcramer/status/1231903865395695617

Earnings warnings mean nothing to Warren and that's terrific. I think his view can't be wrong... Ever. That's fine.. he's been right. He will be right. But maybe cash will give you a better entry. http://www.realmoney.com

105
6:29 AM - Feb 24, 2020
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SI
 
Hfcomms

Hfcomms

EN66iq
Jonas Parker said:
I think Buffett has it right...
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We are at the top of an epic bubble in equities and especially bonds and trillions in negative yielding debt around the world. Nothing has been fixed since 2008 and companies have spent their taxing relief on share buybacks instead of capital improvements to boost their stock prices. Add to that mix a global pandemic. What could go wrong? Perhaps a young person that doesnt plan on retiring for 40 years if he could pick some companies that are going to survive might make out o.k. I just don’t see any real value in the markets at these prices except for the miners which are out of favor.
 
D

Dozdoats

On TB every waking moment
Coronavirus impact on companies could be ‘more severe than thought’

Only because none of these geniuses considered the economic impact of the disease TAKING CHINA OFFLINE.

if the miners are out of favor, it's time to buy them!

I did my tax loss selling back in Oct-Nov and was a bit late even then. There has been a lot of good news from my favorite companies for months without really moving the stock prices to speak of. See 3 2 1 g o l d ... Welcome! for useful reading.
 
D

Dozdoats

On TB every waking moment
Time to invest in India...

Not me, thanks. I am quite sensitive to political risk in the first place, and to non-western Judeo-Christian moral structures as a close second.
 
Ractivist

Ractivist

Pride comes before the fall.....Pride month ended.
Jonas Parker said:
I think Buffett has it right...
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Bufffet won't run out in the short term either.......his decisions are based on his portfolio, his exceptional portfolio, the one which he is giving away one day. Others rely on it for their security in the future or if something bad happens like a pandemic and world war............ be nice to have access to it for the short term to reinforce one's positions in a collapse environment. Laying it out long term in a new world government is highly risky, and that is the future. It's looking to be sooner than later as well.....it's about to get very real before the next year comes in. I'd keep that in the back of my mind, short term corona decisions, mid term what if's are as viable.......Not saying what to do, but if I had any money in the markets I'd be bringing some home in the form of cash and turning it into my hard goods, emphasis shoring up on a variety of things. I like things, when they are the right things......having them when you need them can be priceless. More valuable than money.
 
end game

end game

Veteran Member
Ractivist said:
Bufffet won't run out in the short term either.......his decisions are based on his portfolio, his exceptional portfolio, the one which he is giving away one day. Others rely on it for their security in the future or if something bad happens like a pandemic and world war............ be nice to have access to it for the short term to reinforce one's positions in a collapse environment. Laying it out long term in a new world government is highly risky, and that is the future. It's looking to be sooner than later as well.....it's about to get very real before the next year comes in. I'd keep that in the back of my mind, short term corona decisions, mid term what if's are as viable.......Not saying what to do, but if I had any money in the markets I'd be bringing some home in the form of cash and turning it into my hard goods, emphasis shoring up on a variety of things. I like things, when they are the right things......having them when you need them can be priceless. More valuable than money.
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In an economy where interest rates are zero and the hypothecation of assets continues unababated I'm fairly certain that "those" magical gains by the "winners" are suspect. Speed dial to your "elected" official who gets to participate in the practice of insider trading can yield very generous campaign contributions.

Trinkettopia won't be up and running anytime soon. When they do resume the flooding of the market with defective trash it will be even worse than before since corners will be cut.

What exactly are the container ships doing right now? Zoom in on the west coast of the usa around long beach, see something missing? See many ships that might be carrying buying opportunity?

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