What Cramer is watching Monday — U.S. stock market should not be down on China Covid protests

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A demonstrator holds a blank motion and chants slogans during a protestation successful Beijing, China, connected Monday, Nov. 28, 2022.

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What I americium looking astatine Monday, Nov. 28, 2022

  • China lockdown: Real interaction from the deficiency of science? Why bash they support doing this? Why should our banal marketplace respond negatively each time? There are less and less connections with China, and I would similar a slowdown determination that cuts our commodity inflation. In lawsuit successful point, oil prices sank astir 3%.
  • The Club stocks astir tied to China Estee Lauder (EL) and Starbucks (SBUX) are down astir 1% successful the premarket. Wynn Resorts (WYNN), however, is up 5% connected an upgrade from JPMorgan to overweight from neutral (buy from hold). JPM, similar us, is betting connected a further betterment successful Macao arsenic China eases Covid question restrictions to the Asian gambling hub.
  • Club holding Apple's (AAPL) iPhone shortages are gathering into the vacation buying season. One of the reasons for the proviso constraints is the Covid mitigation efforts astatine the tech giant's biggest iPhone assembly works successful China. The banal falls 2% successful the premarket.
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