TheStreet's Jim Cramer will be celebrating Cinco de Mayo today by serving drinks at Bar San Miguel, the restaurant and bar he owns in Brooklyn, New York. Mexican beer and tequilas will be flowing. Cramer said Negro Modelo beer and Casa Noble tequila made by Constellation Brands (STZ) are some of the top selling brands.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.