Jim Cramer describes why investors can get a pulse of the market tracking companies like CVS, FedEx, and Facebook, among others.
There are a handful of stocks that can give investors early indications about what to expect of the market in coming weeks, CNBC's Jim Cramer said Thursday.
Cramer went on to explain why FedEx, Micron, Workday, Goldman Sachs, CVS, and Facebook can give"a good read on the situation." The host said he's not looking at FedEx for a read on fundamentals but as a referendum on a looming recession. Cramer added he's not too worried that the economy could fall into recession, thanks to Federal Reserve Chair Jerome Powell's policy of patience.
"I can tell you it is vital that this stock to stop going down now. And at times it did trade higher and it finished down just 10 cents," he said."The semis are fabulous leaders because when they rally it's a sign that global commerce is picking up as there's a need for more chips than they're already pumping out."
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