economy
Jim Cramer Debates Trimming 2 Stocks
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- The S&P 500 turned lower, with chip stocks failing to maintain their rally.
- Jim Cramer warned that the market is "fraught" due to a large number of upcoming IPOs and stock sales.
- Nvidia shares fell following reports that Taiwan might curb chip sales to China, a move Cramer believed could ultimately benefit Nvidia.
- Cramer considered trimming Home Depot, which experienced a significant rise, but noted it's a holding from when new Fed Chairman Kevin Warsh was expected to cut rates.
- He debated selling TJX, an 'off-price and department store' company expected to gain market share, arguing that one should sell losers, not winners.