And We're Back: Jim Cramer on Iran and Sectors to Watch
Jim Cramer breaks down what the U.S. killing Iran’s top general means for the markets and what sectors he’s watching.
Time to get back to business.
Jim Cramer is officially back.
So, what’s he watching? Cramer is hyper-focused on Iran Friday this morning after the U.S. announced that it had killed Iran’s top general in an airstrike.
So, Let’s Break it Down
Late Thursday, news broke that a U.S. military strike killed General Qassem Soleimani, the head of Iran’s Quds Force, at Baghdad’s airport.
“At the direction of the president, the U.S. military has taken decisive defensive action to protect U.S. personnel abroad by killing Qassem Soleimani,” the Pentagon said in a statement, adding the general was “actively developing plans to attack American diplomats and service members in Iraq and throughout the region.”
The strike followed an attack on the U.S. embassy in Baghdad by suspected Iranian militants earlier this week.
Iran’s supreme leader, Ayatollah Ali Khamenei, vowed to seek revenge on American targets with the help of allies around the Muslim world, sparking concerns for potential supply disruptions and reprisal attacks on tankers and facilities in the Gulf region.
“Oil has been gaining steadily for most of the past three months, with U.S. crude prices capping the whole of 2019 with a 35% gain — the best in three years — amid improving U.S.-China trade prospects, a carefully brokered agreement on production cuts between OPEC cartel members and key allies such as Russia, and ongoing military and political tensions in the Gulf region,” noted TheStreet’s Martin Baccardax.
Following this news, how should investors respond? Here’s what Cramer has to say:
Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.
Provided by: The Street Retirement
Comments are closed.