Buy This One Stock After the GDP Numbers, Says Jim Cramer
Need a stock pick?
Jim Cramer has one that he thinks is a buy after the GDP numbers were released Thursday morning.
The U.S. economy slowed to a 2.6% annual growth rate in the fourth quarter, as the stimulus faded from President Donald Trump's late-2017 tax cuts and consumers reined in spending amid nagging uncertainty over his policies, from the trade war with China to the longest-ever government shutdown.
The latest report was delayed by a month due to the worker furloughs caused by the government shutdown, reported TheStreet's Brad Keoun.
So, what's the stock?
Cramer said, "United Technologies is down.
And I'm beginning to think that that's silly.
Rolls Royce pulled out of the engine, the engine contest between the United Technologies and GE ." Watch Jim Cramer's Daily NYSE Show and Replays Below