Happy hump day!
Jim Cramer explains what a waiver wire is and how he's using it to hunt down stocks.
What's a Waiver Wire?
"That's fantasy football talk about trying to pick up some bargains, players not signed by other teams that have turned out to be interesting prospects. It's a time-honored tradition, especially in a game where wide receivers get banged up pretty regularly, and as you can see from your screen, that's been the case both in the NFL and in stocks since this season began. Let's go hunting for some new wide-outs to augment your line-up because of the carnage," wrote Cramer in his Real Money column Wednesday morning.
And don't worry--he's got some stock picks for investors who are looking for some bargains in this market.
Apple's Kicking Off the Streaming Wars
Apple (AAPL) - Get Report is releasing its TV+ service in November for $4.99 a month, which is less than half the cost of Netflix's (NFLX) - Get Report most popular streaming video plan, its Standard plan which allows for HD streaming on up to two devices at a time. Apple TV+ is also priced lower than the $6.99 at which Walt Disney (DIS) - Get Report plans to offer its new service, Disney+--which will be released later this year.
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