CNBC’s Jim Cramer said disappointing quarters from trucker J.B. Hunt and real estate investment trust Prologis could mean an economic slowdown is brewing.
CNBC's Jim Cramer on Thursday said disappointing quarters from trucking company J.B. Hunt and real estate investment trust Prologis may be a sign the strong U.S. economy is starting to weaken under the weight of elevated interest rates.may be a sign the strong U.S. economy is starting to weaken under the weight of elevated interest rates. However, he stressed that it's still too early for the Federal Reserve to start cutting rates.
"So, do we finally have the beginning of the long-awaited slowdown with Prologis and J.B. Hunt? Was March that bad?" Cramer asked."All I can say is that at least there are some brown shoots somewhere. But the bottom line is, it's not enough to cause the Fed to reconsider what they were saying just a couple of days ago."last week that inflation has not declined enough for the central bank to consider making rate cuts in the near future.
"For the first time in this rate hike cycle, I see light at the end of the tunnel, just when others see the light of an oncoming train," he said."Before there are bargains for Prologis, there will be free rent enticements for the customer. Before a turn in trucking, there'll be cuts in trucking rates.
If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks insteadWall Street is bullish on copper, thanks to AI. Analysts love these stocks, giving one 234% upside 'Hard to Ignore': Jefferies says this cybersecurity stock could double after 75% rise in the past yearPennsylvania
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer says investors shouldn't fear the Fed after Wednesday's rate decisionCNBC’s Jim Cramer on Wednesday said investors should feel good about the market after the Fed kept rates steady and indicated rate cuts later this year.
Read more »
Jim Cramer's top 10 things to watch in the stock market WednesdayStock futures move lower as investors await the Fed's latest rate decision and press conference.
Read more »
Jim Cramer shares his thoughts on Chipotle, Best Buy, Intel, General Mills and Signet JewelersCNBC's Jim Cramer on Wednesday weighed in on Chipotle's stock split, the Chips Act funding for Intel and other market-moving headlines.
Read more »
Jim Cramer's top 10 things to watch in the stock market ThursdayStock futures rose Thursday morning after all three major averages closed at new records Wednesday.
Read more »
Jim Cramer shares his thoughts on Micron, Chewy, Darden Restaurants and Five BelowDuring the CNBC Investing Club's Morning Meeting on Thursday, Jim Cramer opined on earnings from Micron, Chewy, Darden Restaurants and Five Below.
Read more »
Jim Cramer decries DOJ's lawsuit against Apple, says stock is still worth buyingCramer said the Apple case is different from the government’s antitrust suit against Microsoft more than 20 years ago.
Read more »