Jim Cramer Weighs In on the Coronavirus, Intel and Cult Stocks

Author:
Publish date:
Video Duration:
8:16

Jim Cramer's breaking down Intel's earnings, the coronavirus, and cult stocks.

An Update on the Coronavirus

Late Thursday, it was announced that there have now been over 25 deaths and over 800 cases of the coronavirus.

Chinese authorities have announced a travel lockdown that includes 12 cities.

Over 35 million people are under travel restrictions in China.

And Shanghai Disneyland has been shut down over concerns of the spread of the virus.

As reported yesterday, the World Health Organization has not declared the coronavirus a global emergency yet.

WHO has said that the outbreak is an emergency in China.

And Then There's Intel

The company smashed records, posting quarterly revenue of over $20 billion for the first time.

Analysts had been expecting revenue of $19.2 billion.

Earnings came in at $1.52 a share, handily beating analysts' expectations for $1.25 a share.

For 2020, the company forecasts sales of around $73 billion.

And Finally, Something New

Cramer and I have been talking a lot about cult stocks off-camera.

And the list keeps getting longer and longer.

So, the two of us have come up with a cult stock index.

Now, the term "cult stock" can get a bad reputation. I mean, look at Tesla  (TSLA) - Get Report.

To kick it off, Cramer and I are introducing five stocks to begin our index.

Tesla, Beyond Meat (BYND) - Get Report, Virgin Galactic (SPCE) , Aurora Cannabis (ACB) - Get Report, and AMD (AMD) - Get Report