During Wednesday's Mad Money program, Jim Cramer said he likes Estee Lauder Cos. (EL) , as everyone will still want to be looking their best when they're finally allowed to go back outside. (I believe that all the appointments at the beauty salons and barber shops will be booked up quickly.) Let's check out the charts of EL.
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It's a tough day for many stocks -- but here's my take on the action and how to be best positioned.
Let's look at Nvidia, Microsoft and the FAANG names to see what's really possible.
I would argue that the pandemic has lasted just long enough to wipe out the little guy and let the bigger guys have the run of the joint.
The charts have communicated that it's time to take profits.