Stocks surge on coronavirus vaccine hopes – Cramer and four others weigh in (via TradingNation)
"This is a really big week for earnings. Huge. Walmart is a dominant stock and psychologically Home Depot, Lowe's, Target really matters. Oh by the way, all the people who felt that certain stocks that have been doing well are going to start selling off, I go back to. It reports this week but there's no sign that Nvidia is done -- in part because there's a big gaming cycle and in part because they have those inference chips, the ones that really can actually understand slang.
"I think the volatility right now is tied to a bunch of different things whether we're going up or going down -- right it's vaccine news, it's treatment news, it's Jay Powell speaking, we know that.
"From a standpoint of the market fundamentals, what earnings are happening, we have companies that are not earning as much as they need to, they're having struggles with employment. We have 35 million-plus people unemployed right now. That's the economy, that's the reality of the fundamentals. When you have companies like Zoom, which is more than all seven of the top airlines combined, its valuation is very, very large.
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