Click here for Cramer's take on how you could've profited from the panic. securities.īut 'the thing about Turkey is that it's kind of been a slow motion train-wreck for ages,' Cramer said. President escalating, which, combined with the central bank's action, set the bears into a frenzy centered on how the currency crisis could affect U.S. The lira's initial decline was caused in part by U.S. banks - and there rarely is - you need to treat these pullbacks as buying opportunities,' he told investors.Ĭramer began by reevaluating the recent turmoil in Turkey, during which the independent nature of Turkey's central bank as it tried to. 'Whenever you see these contagion stories, unless there's some direct connection to the U.S. stocks, but often times, the other side of the trade ends up winning out, Cramer said Wednesday. Market pessimists love to rally around overseas market drops and squawk about how they'll take down U.S. That difference was enough for Cramer to recommend one stock over the other. Western Digital's business is largely driven by flash memory chip sales, whereas the majority of Micron's business comes from dynamic random-access memory chips, an entirely different market. Micron deals in two types of chips, flash and dynamic random-access memory, or DRAM, chips, which end up in various electronic devices including computers.īut Cramer argued that there is 'a fundamental difference' between Western Digital and Micron. It specializes in NAND chips, a type of flash semiconductor used for data storage. Western Digital, formerly a pure play on hard drives, got into the semiconductor industry after its 2016. 'Chips are in nearly everything these days and they need to be ordered early in the production process, so a downturn in the semis is often a leading indicator for the broader economy.' 'The semiconductor space is important,' he said on Wednesday. The stocks of and have been dragging on the semiconductor space, logging double-digit declines since their early 2018 highs, so Cramer felt he needed to investigate the weakness. I defy you to think of a company that's done more to lower prices.'įor more of Cramer's analysis, click here. 'Even with, Amazon is one of the most powerful deflationary forces on earth. 'When I look at Amazon, I'm seeing a company that's working to control wage inflation by embracing automation at its warehouses and and stock grants,' Cramer said. The 'Mad Money' host pointed out the various downward pressures on wage growth, including the rise of cloud-based technology and automation and the growth of price-slashing giants like. 'How the heck are working people supposed to catch up if our central bank slams on the brakes every time wages start going higher?' he continued. Income inequality is a serious problem, and it's a problem that the Fed has absolutely had a hand in creating,' he said.

'That brings me to the real issue here: there's been almost no wage inflation in this country for decades. Labor Department reveals higher-than-expected job creation, it could spur the Fed to act quickly to stop inflation and stifle wage growth in the process, Cramer said. If Friday's nonfarm payroll report from the U.S.

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