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Stock impact report

Jim Cramer: The FAANGs Are Overbought, but the Industrials Aren't [TheStreet.com]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: TheStreet.com
Jim Cramer: The FAANGs Are Overbought, but the Industrials Aren't Could that second session be any worse? Once again, we see why this market is a different market from any I can recall. We simply did not have days where the market's coloration can change on a dime. You'll notice that the VIX's spike up on Thursday took the Nasdaq down. That's the fabled FAANG collapse that I keep talking about. The unreliability of the market has to do with what's the least oversold ... or the most overbought. The Nasdaq's FAANG portion is overbought from its run back up. The industrials, on the other hand, are still not overbought, and they have a conference going on this week where they're all strutting their stuff. Even General Electric ( GE ) had some good things to say. We've been throwing in the towel on GE after we spent way too long betting that there was more there there. But if there are no upgrades Thursday, then I think it's safe to say that the new GE team's credibilit Show less Read more
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