Jim Cramer's sending a signal to Trump as his central bank criticism continues.
CNBC's Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan.
Cramer, who was also once critical of the Fed chair, has warmed up to Powell since he canceled plans to hike rates in 2019 for a"patient" approach. The host called the rate increase a "rookie mistake." As the economy remains relatively healthy, he said there are a number of warning signals that would hold the Federal Reserve back from being hawkish again in the near future.Investors should factor the Amazon effect into their stock-picking homework because the company is a"Death Star" that could disrupt any industry it decides to set its gaze on, Cramer said.
But shares of the streaming platform ended Monday down 4.4% on news that Amazon could release a free music streaming service on its Echo device as soon as next week. Cramer said superstars are great for selling merchandise and Woods' decade-long comeback story could help trigger a faster recovery in the"seemingly boring sport" of golf. Interest in the game, typically popular among older generations, has picked up among millennials with the introduction of interactive concepts like TopGolf, he said.Stocks connected to golf and Woods rallied on Monday.Chevron is buying Anadarko Petroleum in a $33 billion deal in cash and stocks.
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