Stock futures rose Tuesday, with tech stocks rising after a fall on Monday sparked by inflation concerns.
In the recent episode of Mad Money, TheStreet founder Jim Cramer said lessons can be learned from the AT&T Time Warner deal and some better deals investors should consider.
TheStreet’s Katherine Ross and Cramer talk about Bitcoin, selling semiconductor stocks, and how to tame inflation.
Cryptocurrency-related stocks like Marathon Digital ((MARA) – Get the report, fell Monday after a Bitcoin tweet from Tesla CEO Elon Musk. Musk may have indicated in a series of tweets that the company could sell its $ 1.5 billion bitcoin stash.
Cramer said he cut some bitcoin he owned on Friday. “I did it in part because I wanted to keep repaying some of the assets I buy,” he said.
“It [Bitcoin] has allowed me to buy things that I never thought I could, but it also seems to be powered by Musk and Musks tweets, and that’s the hardest part of it. It’s like there was that moment when bitcoin was going to oust the dollar, and now we say that bitcoin is capricious. ”
“If an asset can be shut down by a tweet, you have to trim that too,” Cramer said.
Applied materials ((AMAT) – Get the report on Monday outperformed competition in trading despite the stock falling. The company is expected to be profitable this week.
Cramer said he doesn’t think Applied Materials has peaked because the semiconductor world is still on fire.
“There are a lot of people who feel that these companies have won so many contracts that they are going to wipe themselves out,” he said.
“In other words, all semiconductor manufacturers are working to full capacity where there is a dramatic decline [demand] or when they pass the equilibrium.
“So they are selling all these semiconductor stocks before what they think is a semiconductor glut,” said Cramer.
Cramer said there are many ways you can bring inflation down without raising interest rates. “Powell learned from 2007 that it is not worth destroying the economy to save it,” he said.
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