economy
The market remains heavily oversold, so we're snapping up more of 2 stocks
We don't typically see the Oscillator, our favorite market gauge, get this oversold
TL;DR
- Jim Cramer's Charitable Trust is buying 25 shares of Boeing and 10 shares of Goldman Sachs.
- The S&P 500 Short Range Oscillator is at -7.45%, indicating a deeply oversold market.
- Boeing's MAX jet production is on track to increase, with wiring issues on affected aircraft being resolved.
- Boeing faces challenges from the Spirit Aerosystems acquisition integration, impacting commercial airplane segment margins.
- Goldman Sachs shares are being repurchased after being sold at higher prices in December and January.
- The trust follows specific procedures for executing trades after issuing alerts, including waiting periods after discussing stocks on CNBC.