Foot Locker (FL) was a major gainer today after reporting earnings that beat Wall Street expectations, and the shares surged over 15%.
Jim Cramer: We Have Some Strong Opportunities to Make Some Money Here
"If I am right, and inflation is peaking because freight costs are coming down and oil is rolling over then we have some strong opportunities to make some money here," says TheStreet's Jim Cramer.
"All of these stocks are standard go-to names when inflation is peaking. They all make sense as a place to be," Cramer points out.
What If a New 'Cold Trade War' Is Around the Corner?
"...Remember the Cold War?" asks Real Money columnist Stephen Guilfoyle.
"This could be every day. In fact, in the age of the aggressive algorithm, headline risk is something that hits markets in a fast and furious way. We have discussed that. What if a new Cold war is around the corner, a new "Cold Trade War"? Better grow some callouses," says Guilfoyle.
Bad News for HPE and IBM Isn't Necessarily So Bad for Micron and Nvidia
Real Money columnist Eric Jhonsa writes that "Just as Microsoft's (MSFT) fortunes are much less tied to those of PC makers than they once were, suppliers of chips and hardware components used within data center gear need to worry much less than they once did about the quarterly sales of major enterprise server, storage and networking hardware vendors."
"This has much to do with the heavy-spending of cloud giants that often aren't keen about buying from traditional enterprise hardware vendors, but do still have quite the need for the chips, adapters, accelerator cards and controller cards made by their suppliers. It also has a bit to do with how industry trends are allowing some chipmakers to grow their enterprise revenue even as broader hardware spending is pressured," Jhonsa says.