Jim Cramer explains why money rotated back into Big Tech [CNBC]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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Source: CNBC
investors are worried about the broad economic implications of rising bond yields. “Big tech made a big comeback today because of the bond market, not anything to do with the stocks themselves,” he said. “So, keep in mind that the pause in the rally is temporary, even as you should still own some of the Magnificent Seven for diversification.” CNBC's Jim Cramer analyzed Tuesday's market action and explained why some Big Tech favorites saw gains while other stocks floundered, saying investors are worried about the broad economic implications of rising bond yields. “Big tech made a big comeback today because of the bond market, not anything to do with the stocks themselves,” he said. “So, keep in mind that the pause in the rally is temporary, even as you should still own some of the Magnificent Seven for diversification.” Tuesday marked a second consecutive day of losses for the Dow Jones Industrial Average , with the index posting its first back-to-back loss since September. The
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PHM
Earnings
- 10/22/24 - Beat
PHM
Sec Filings
- 10/31/24 - Form SCHEDULE
- 10/25/24 - Form 4
- 10/22/24 - Form 10-Q
- PHM's page on the SEC website