Jim Cramer's top 10 things to watch in the market Wednesday: Tech layoffs, bank double downgrade, opportunities in industrials
Wall Street looks to bounce after starting the first trading week of the new year with a decline.
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My top 10 things to watch Wednesday, Jan. 4, 2023
1. Wall Street looks to bounce after starting the first trading week of the new year with a decline. Club holding Apple (AAPL), Tesla (TSLA) and other mega-cap tech stocks sank Tuesday. Though many of them were trying to rebound in the premarket.
2. Salesforce (CRM) announces the beginning of what we have been looking for from the Club holding. The company is layoff 10% of its staff and closing some offices in a restructuring. Co-founder Marc Benioff, soon-to-be solo CEO, admits to over-hiring during the Covid pandemic. A very serious letter to employees.
