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Stock impact report

Jim Cramer's Take on Evergy Inc. (EVRG): ‘Top Utility Stock To Consider' [Yahoo! Finance]

Evergy, Inc. (EVRG) 
Last evergy, inc. earnings: 11/6 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Jim Cramer reacted to Monday's market by questioning if there's any money left to invest and why mutual funds aren't holding enough cash. The S&P 500 fell 17.77 points, or 0.3%, to 5,616.84. The Dow Jones Industrial Average rose 65.44 points, or 0.2% to 41,240.52. The Nasdaq composite fell 152.03 points, or 0.9%, to 17,725.76. “What do we do if we're out of money? Don't mutual funds have enough cash? That's my reaction to today's market action. Right now, mutual funds know they have to pivot out of consistent growth stocks, especially tech stocks like software and semiconductors, which don't benefit from rate cuts. They need to swap into companies that can supercharge their earnings as the Fed lowers rates. We all recognize that cyclical stocks, the ones that benefit from lower rates, can go higher, maybe much higher.” Cramer pointed out that mutual funds now need to shift away from consistent growth stocks, particularly in tech sectors like software and semiconductors, which don Show less Read more
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