Elon Musk Has Reinstated The Twitter Accounts Of Several Journalists | According To Jim Cramer, Caterpillar Stocks, Illinois Tool Works And CSX Are Noteworthy
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With the end of the year, I look at what may happen in 2023. JP Morgan looks at finance from the economic side and what affects it, and Jim Cramer traditionally focuses on the stock market.
In this article:
- Outlook Of 2023 by JP Morgan
- Jim Cramer’s look at stock market
- Elon Musk And Twitter
Outlook 2023
Most of the things that could go wrong for investors happened in 2022, driven by high inflation, an aggressive cycle of interest rate hikes around the world, and the war in Ukraine.
Remarkably, both stocks and bonds suffered heavy losses in 2022 – one of the worst years in the history of a balanced portfolio.
Lower stock valuations and higher bond yields offer investors the most attractive entry point into a traditional portfolio in more than a decade.
All this will be reflected in the new year. JP Morgan takes into account key economic and market factors in this year's forecast - the consequences of monetary policy tightening, the weakening of the global economy, market prices and valuation resets
Higher rates. Weaker growth. Valuation resets. Explore what these key economic and market forces may mean for investors.
— J.P. Morgan (@jpmorgan) December 16, 2022
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Jim Cramer’s look at stock market
Jim Cramer looks at market action, this time specifically industrial stocks. The specialist looks at the situations of individual companies and assesses their attractiveness. His tips can be helpful for investors, especially those who are starting their adventure with this market.
Jim Cramer on Friday identified three industrial stocks that he believes are worth owning next year
“CAT has much more exposure to infrastructure, and I think they’ve got a boost from the oil and gas industry coming,” Cramer said.
According to a specialist, companies such as Caterpillar, Illinois Tool Works and rail operator CSX are noteworthy.
Here is why @JimCramer sees more upside ahead for Caterpillar in 2023. https://t.co/CmEl3RctII
— Mad Money On CNBC (@MadMoneyOnCNBC) December 17, 2022
Elon Musk And Twitter
For the past two months, Elon Musk's attention has been focused on the development of Twitter, which he purchased in late October. Since then, his activities on this social networking site have been watched with special attention. Not only on Twitter, but also after it.
One such action was blocking the accounts of journalists.
The suspensions stemmed from disagreements over a Twitter account called ElonJet that tracked Musk's private jet using publicly available information.
On Wednesday, Twitter suspended the account and others that tracked private jets, despite Musk's earlier tweet saying he would not suspend ElonJet in the name of free speech.
Soon after, Twitter changed its privacy policy to prohibit the sharing of "live location information."
Then on Thursday night, several journalists, including those from the New York Times, CNN and the Washington Post, were suspended from Twitter without notice.
The episode, which one high-profile security researcher called a "Thursday night massacre," is regarded by critics as new evidence that Musk considers himself a "free speech absolutist," eliminating speech and users he personally dislikes.
Now it has been reported that Elon Musk has reinstated the Twitter accounts of several journalists who had been suspended for a day in connection with the controversy over publishing public data about the billionaire's plane.
The reinstatement came after unprecedented suspensions prompted heavy criticism on Friday from government officials, advocacy groups and journalistic organizations in several parts of the world, with some saying the microblogging platform threatened press freedom.
Elon Musk reinstated the Twitter accounts of several journalists that were suspended in a controversy over publishing public data about the billionaire' s plane https://t.co/MPaQFmEp3Q pic.twitter.com/V6ipgraOpY
— Reuters Business (@ReutersBiz) December 18, 2022
