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Cramer: Nothing to See in This Market, Move Along
Posted at 3:37 p.m. on Friday, March 17, 2017
This session reminds me of a kind of pre-Trump day where no ground is made and you just have a couple of stocks, like Adobe (ADBE - Get Report) and Amgen (AMGN - Get Report) dominating the action. (Adobe is part of TheStreet's Action Alerts PLUS portfolio.)
I would have thought Tiffany (TIF - Get Report) would have had more legs than just Canada Goose and Wynn (WYNN - Get Report) (China's strong, according to the jewelry chain). But Adobe did get some pin action from some techs including Nvidia (NVDA - Get Report) , but not as much as you would have thought.
Call the session inconsequential and just move on.
Cramer: Adobe Builds Next Step in Tech SurgePosted at 6:23 p.m. on Thursday, March 16, 2017
Tonight it's Adobe (ADBE - Get Report) , which, with its marketing and monitoring and managing cloud products, has become the pure play on adoption of the cloud. So many think Adobe's Acrobat, but Adobe manages trillions of bits of data and really can be considered the way marketers try to reach people on the web and how artists express themselves across all platforms. (Adobe is part of TheStreet's Action Alerts PLUS portfolio.)
It's a reinvented company with great scale and it will ignite another move in the group.
Once again, I find myself fighting uphill to point out good stories that aren't supposed to be happening. But they are breaking out everywhere. That Oracle quarter was a monumental feat. The Canada Goose deal showed tremendous buying power. (When we get to too many deals, I will warn you, believe me.) And now Adobe?
As long as oil behaves and interest rates make up for lost ground, the S&P can digest the gains and technology can go still higher.