Jim Cramer identified several beaten-down stocks in sectors like financials, healthcare, consumer staples, and restaurants as potential outperformers if the AI trade cools. He highlighted JPMorgan Chase, Johnson & Johnson, Kimberly-Clark, McDonald's, Yum! Brands, and Kraft Heinz as opportunities amid tech sector vulnerabilities and potential stock supply increases.
Global shares traded mixed as fading AI enthusiasm slowed Wall Street's record run. European markets saw modest gains, while Asian markets were mixed, with the Nikkei 225 up 0.8% and the Kospi surging 2.6% after recouping losses.
Asian shares traded mixed as fading AI enthusiasm slowed Wall Street's record run. Nikkei 225 rose 0.8%, Kospi surged 2.7% after recouping losses, while S&P/ASX 200 lost 0.5%. Oil prices remain elevated, and the U.S.-Iran diplomatic breakthrough remains elusive.
Asian markets traded mixed Monday with Japan's Nikkei 225 surging 1.4% to a new record high of 60,564.18, while South Korea's Kospi jumped 2.1% and Taiwan's Taiex rallied 2.6%. Oil prices climbed on stalled US-Iran peace talks and continued disruptions in the Strait of Hormuz, with Brent crude rising above $100. Markets drew support from record Wall Street closes, including Intel's 23.6% surge, but remain cautious ahead of central bank decisions from the Fed, ECB, Bank of Japan and Bank of England.
Indian equity markets fell by 1% as geopolitical tensions between the US and Iran triggered an oil price rally. Investor sentiment was further dampened by disappointing Q4 earnings from Infosys and sustained selling by foreign institutional investors.
