Jim Cramer Live 11/29/18: Cramer’s Thoughts Post-Fed Speech
Now that the Fed has spoken, here’s what’s on Jim Cramer’s mind.
The market rallied after the Federal Reserve chairman Jerome Powell spoke at the New York Economic Club.
The rally after the speech saw the Dow hit session highs.
“A day after remarks by Federal Reserve Chairman Jerome Powell sent U.S. stocks soaring by the most in eight months, some economists argue the enthusiasm was misplaced,” TheStreet’s Bradley Keoun.
Ask Jim: Thoughts on Zuora?
Don wrote in and asked about Cramer’s thoughts on Zuora, a cloud company.
TheStreet’s Annie Gaus wrote about Zuora after its shares got a “sympathy bump” after Salesforce beat earnings expectations.
Gaus wrote, “in an interview with TheStreet’s Eric Jhonsa, Zuora CEO Tien Tzuo said that newer product offerings plus a diversifying customer base bodes well for the cloud firm, which sells software for managing subscription-based services: “We really see the subscription-based business model impacting a lot of industries…that’s what we’re really most excited about,” Tzuo said. With the ‘subscription economy’ on the rise, Zuora must convince investors that it can continue to grow revenue at a robust pace while staving off competitive threats from legacy players like SAP SAP and Oracle, which also offer subscription management solutions, as well as smaller firms going after the booming subscriptions space.”
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