Happy almost Friday!
Let's go over what you're missing on TheStreet.
Cramer's Prepped for 2019
The Deal's Tom Terrarosa covered Jim Cramer's speech at The Deal Economy conference for TheStreet.
Here's what Cramer's looking at as 2019 barrels towards us.
Trade tensions in China, coupled with what Jim Cramer, founder of The Deal's parent company, TheStreet Inc. (TST) , sees as a weakening economy, will likely not present a favorable market environment in 2019.
And unfortunately, this means the year to come will see a "paucity of deals."
"Given that M&A is such a major prop to the market and that there are so many industries I just don't see deals in much longer, I have to refrain from even demonstrating faux enthusiasm," Cramer opined to a crowd of dealmakers and advisers at JW Marriott Essex House. "I just don't want to lose anyone money by going out on a limb and recommending takeover targets when I suspect that there would be real earnings risk come 2019."
Cramer did offer up a handful of companies that could see some M&A relief in 2019, however:
- New Relic Inc. (NEWR - Get Report)
- Veeva Systems (VEEV - Get Report)
- Mondelzez (MDLZ - Get Report)
- FireEye Inc. (FEYE - Get Report)
- Viacom Inc. (VIAB - Get Report)
Curious about Cramer's picks? Find out why he chose those companies in Terrarosa's piece.
Cannabis Disruption On Its Way, Says Canopy Growth CEO
The market for cannabis is already valued at nearly $200 billion. Bruce Linton, CEO of Canopy Growth Corp. (CGC) thinks that estimate might be too conservative.
In his view, the cannabis market is still just scratching the surface of the drastic disruption it could bring across numerous industries. Linton sat down with TheStreet's founder, Jim Cramer, to outline the opportunities at Thursday's Deal Economy Conference. The discussion is bringing cannabis to the forefront of Wall Street, a place it could increasingly occupy in years to come.
Linton broke down the disruptive potential by outlining applications for cannabis.
- Ousting Opioid Manufacturers
- Sparking Up Sports
- Pot for Pets
- Jolting the Sleep Aid Market
Curran breaks down the outline in his article for TheStreet.
The Post-Fed Hangover
Now that the Fed has spoken, here's what's on Jim Cramer's mind.
The market rallied after the Federal Reserve chairman Jerome Powell spoke at the New York Economic Club.
The rally after the speech saw the Dow hit session highs.
"A day after remarks by Federal Reserve Chairman Jerome Powell sent U.S. stocks soaring by the most in eight months, some economists argue the enthusiasm was misplaced," TheStreet's Bradley Keoun.
Ask Cramer: Thoughts on Zuora?
Don wrote in and asked about Cramer's thoughts on Zuora (ZUO) , a cloud company.
Got a question about the market? Reach out to @KatherineRooss on Twitter or email her at Katherine.Ross@TheStreet.com for a chance to have Cramer answer your question.