During Monday's "Mad Money" program Jim Cramer recommended Yeti Holdings, Inc. (YETI) for when you need supplies to go outside. We looked at the charts of YETI on July 17 and wrote that "Will there be a lot of staycations this summer and families needing new coolers and such? Who knows? But the charts of YETI are poised for further gains with a $50 target. New longs should risk below $32."
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Monday turns uninspiring as traders lack incentive to buy and oil moves higher amid poor economic data.
A rally back to this area could unfold soon, so current investors should keep a tight leash on shares.
Here's our first price target and our long term objective.
Econ 101 suggests that at some point, either the supply side catches up, or demand falls to get prices back in equilibrium. Let's see what this means for oil -- and a potential recession.