Jim Cramer explains why VMware's acquisition doesn't impact his investing thesis.
"I like the cloud security space and I'm going to say buy VMware on weakness, the stock's come down too much," theAs of Thursday's market close, VMware shares are nearly $60 below its all-time trading high of $206.80 from May. The information technology firm is a big player in data center virtualization, which allows multiple users to access a physical server via cloud computing.
Cramer insisted that there is enough economic data that warrant the Federal Reserve to "take preemptive action here and cut interest rates."at an annual meeting of central bankers and economists in Jackson Hole, Wyoming on Friday. "The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate," the host said. "In that case, the Fed needs to cut rates as insurance, bringing our short-term interest rates closer to the rest of the world's."Keith Block, co-chief executive officer of Salesforce.com Inc., speaks during the opening keynote at the DreamForce conference in San Francisco, Sept. 25, 2018.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Cramer Remix: Lowe's rally was fueled by more than just a strong quarterJim Cramer breaks down how short bets against Lowe's helped power the stock's rally on a second quarter beat and raise.
Consulte Mais informação »
Jim Cramer: Esther George is wrong—the July rate cut was necessaryKansas City Fed President Esther George told CNBC's Steve Liesman that the Federal Reserve should not have cut interest rates in July. CNBC's 'Squawk on the Street' crew discuss how well the economy is actually doing.
Consulte Mais informação »
There is enough economic data for the Fed to warrant a rate cut, Jim Cramer says'The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate,' Jim Cramer says.
Consulte Mais informação »
VMware slides after agreeing to buy Carbon Black and Pivotal for a total of $4.8 billionVMware slides after agreeing to buy Carbon Black and Pivotal in a double merger valued at $4.8 billion
Consulte Mais informação »
VMware to acquire Carbon Black, Pivotal SoftwareVMware Inc. announced two blockbuster acquisitions of public companies Thursday afternoon, one of which was expected. VMware will acquire corporate sibling...
Consulte Mais informação »
VMware acquires security start-up Intrinsic in ongoing cloud pushVMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless computing.
Consulte Mais informação »