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The âMad Moneyâ host, who the day before advised investors to buy the dip only on oil stocks, said that Targetâs (US.TGT) news suggests that inflation is peaking. This opens up the door for investors to buy stocks that were previously untouchable in a high interest rate environment, he said. Listing ServiceNow (US.NOW), Broadcom (US.AVGOF) and Salesforce (US.CRM) as names that are more attractive after Targetâs news, Cramer said heâs still staying away from retail stocks short-term. He also warned investors that this change in the market could go away as fast as it came, due to the economyâs volatility.
cramer greenlights tech stocks says target news suggests inflation is peaking 2022
ServiceNow (US.NOW) Chief Executive Bill McDermott told CNBCâs Jim Cramer on Monday that he doesnât expect the current economy to undergo a market downturn like the 2008 financial crisis. âThis is not even close to 2008. In 2008, I was with a company where we lost a billion euros in pipeline in a day. That was a crisis. This is not a crisis,â McDermott said in an interview on âMad Money.â âIf anything, this is a crisis of opportunity. The digital transformation market is $11 trillion in the next three years, okay. If youâre going to fight inflation, youâre going to keep your employees inspired, no matter where they work from. ⦠Youâre going to connect to your customers,â he added.
servicenow ceo current economic downturn not even close to 2008 crisis 2022
ServiceNow earnings climbed 16% to $1.76 per share on an adjusted basis. Revenue rose 27% to $1.72 billion, the software maker said. ServiceNow said it expects June-quarter subscription revenue in a range of $1.67 billion to $1.675 billion. ServiceNow stock analysts predicted subscription revenue of $1.675 billion.
servicenow stock earnings top estimates guidance meets views
Investors caught a break last week, as the major averages ended Friday with gains, but volatility will likely remain a central theme going forward. 
Not only are investors weighing the Federal Reserveâs recently announced rate hike, but theyâre also thinking about inflation and of the war between Russia and Ukraine. Itâs easy to get caught up in the day-to-day gyrations of the stock market, but investors need a long-term perspective to manage the tumult. Wall Streetâs pros have picked out their favorite stocks, highlighting the names they think have long-term potential, according to TipRanks, which tracks the best-performing analysts.
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