From Yahoo Finance: 2025-04-09 10:21:00

Jim Cramer warns of a potential 36% market drop due to changing White House policies. He predicts a potential bottom for the S&P 500 index and warns of a looming recession if economic policies don’t change.

Despite market volatility, Jim Cramer remains bullish on Palantir Technologies Inc. (PLTR), stating the stock could reach $40. He praises Palantir’s potential in government contracts and advises viewers not to sell the stock.

Palantir ranks 6th on Cramer’s list of discussed stocks. While acknowledging PLTR’s potential, other AI stocks may offer higher returns in a shorter time frame. Cramer remains optimistic about Palantir’s future, emphasizing its value despite market fluctuations. 1. The stock market hit record highs today with the Dow Jones Industrial Average closing at 30,000 points for the first time in history. This milestone comes amid positive news about potential COVID-19 vaccines and hopes for a strong economic recovery in 2021.

2. In a major breakthrough, Pfizer and BioNTech announced that their COVID-19 vaccine candidate has shown 95% efficacy in final trial results. The companies plan to seek emergency use authorization from the FDA, with distribution expected to begin as early as December.

3. President-elect Joe Biden has named key members of his economic team, including Janet Yellen as Treasury Secretary and Neera Tanden as Office of Management and Budget Director. These appointments signal a focus on economic recovery and stability in the incoming administration.

4. UK Prime Minister Boris Johnson has announced a new tiered system of COVID-19 restrictions to replace the national lockdown. The system will allow for different levels of restrictions based on infection rates in different regions, with the goal of controlling the spread of the virus while minimizing economic impact.

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