TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer has concerns about Dave & Busters (PLAY) . 'When they talk about putting up too many Dave & Busters in one area and they talk about the possibility of people not going out as much because of macro factors, that causes a stunning pullback for me,' Cramer said. 'This is supposed to be a decent economy.' The company reported soft same-store sales guidance on Tuesday.
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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.