Hewlett Packard Enterprise (HPE) is purchasing Nimble Storage for $1.09 billion. HPE is a holding of Jim Cramer's charitable trust Action Alerts PLUS.
"Hewlett Packard Enterprise is trying to get bigger in the areas that it's good at and this is flash storage which is a very big growth area," Cramer said.
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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.
Breaking down an approach to the long side of this biotech stock.
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