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Cramer: 4 Companies Have Products That Rise Above the Macro
Posted at 6:29 a.m. EDT on Friday, Nov. 18, 2016
There was no macro on the Salesforce.com (CRM) call. We did not hear macro mentioned when it came to The Children's Place (PLCE) call. If you heard macro with Nvidia (NVDA) , let me know. I sure didn't. While it seems like ages ago, I still can recall--starkly--that you didn't get a lot of macro on the Netflix (NFLX) call either.
We have all pretty much gotten used to terms like "macro," which we rarely have heard before the Great Recession. In fact, a decade ago if you blamed the macro, meaning the all-around, competitive funk that surrounds this world, I used to think that it was some sort of alibi; that you had simply failed to execute, something that was always proven right when the competitors in your segment blew out the numbers and didn't have any "macro" worries.
The fact is now, though, that almost every company does have macro worries and there are only a handful that don't. Almost every company sees too much competition or had clients or customers who are cautious or can hold back spending.
In fact, the reason why you saw such huge moves up in the stocks of Salesforce, Children' Place, Nvidia and Netflix was precisely because they have products that transcended the macro--something that's remarkably rare.