Cramer said on CNBC’s Squawk Box that natural gas prices are low and are going to stay that way because of production in the Marcellus shale. This will put pressure on coal, as utilities will make the switch from coal to natural gas, “This is the death knell for coal.” Cramer said.
He also discussed Home Depot’s (HD) earnings, which were better than many expected. The company said it is using much less print advertising, and now 36% of its marketing efforts are digital. Cramer thinks news from HD’s management represents a “tipping point” towards dramatic increases in digital ads, and may indicate that Facebook (FB) and Twitter (TWTR) are buys.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.