CNBC’s Jim Cramer warned the recent gains in Alphabet could be short lived when the company reports earnings in coming weeks. The “Mad Money” host broke down the movements in other stocks that he said aren’t “momentum” based. Later in the show he sat down with GlaxonSmithKline CEO Emma Walmsley and CVS Health CEO Larry Merlo as he attends the J. P. Morgan Healthcare Conference in San Francisco.
Does Alphabet deserve to cross the $1 trillion mark?
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is close to joining one of the most elusive clubs on Wall Street, but CNBC’s said Monday that he is skeptical of the progress.
Shares in Alphabet, the tech giant that owns Google, rose almost $10 to an all-time closing high of $1,440.03, pulling within 1% of reaching $1 trillion of market capitalization.
“Now, I don’t like this move. It’s based on nothing fundamental, just the momentum that we see in so many tech names,” the “Mad Money” host said.
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