Dow futures stocks slump as coronavirus infection rates hit new records in Europe and the United States.
In the last episode of Mad Money, Jim Cramer told viewers they need to proceed with caution in what will likely be a volatile week for stocks.
TheStreet's Katherine Ross and Cramer are on Street Lightning discussed AMD and Nvidia, writing off GAP, and buying Mattel.
AMD and Nvidia Stocks: Buy or Sell?
“We expect a solid quarter out of AMD, with product-cycle driven rises in semi-custom, continued but slowing quarter-on-quarter and year-on-year growth in the server [central processing units] after a strong first half of 2020, seasonal growth in personal-computer CPUs, and a lull in PC [graphics processing units] ahead of a fourth-quarter product-driven rise,” he wrote.
Gap Stock: Buy or Sell?
Gap said sales would expand by low- to mid-single digits annually as it tried to reach a profit margin of at least 10% by 2023.
Cramer said that people think that GAP is nowhere, but it is in a “shrink to grow” situation. “This is a company that people have written off but it is not,” he said.
Mattel Stock: Buy or Sell?
Mattel Inc. (MAT) - Get Report shares surged the most in five months Friday after blasting third-quarter earnings estimates as Barbie and Hot Wheels sales jumped amid renewed toy purchases during the global coronavirus pandemic.
Cramer said that he wouldn’t bullpen Mattel because of its uneven recovery. “I am concerned that the big money has already been made,” he said.
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