TheStreet's Jim Cramer says investors shouldn't be making stock trades based on who President-elect Donald Trump is nominating to his Cabinet. Trump has selected Rep. Tom Price, R-Ga., and an Obamacare critic to head the Department of Health and Human Services. Cramer says investors shouldn't be buying stocks such as Stryker (SYK) and Zimmer Biomet (ZBH) based on the nomination, noting that companies reported weak quarters. "This is a little bit nuts when you see a bunch of stocks go up on an appointment," says Cramer. He said investors should ring the register because he doesn't want people to get hurt.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
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.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.