Jim Cramer explains why VMware's acquisition doesn't impact his investing thesis.
"I like the cloud security space and I'm going to say buy VMware on weakness, the stock's come down too much," theAs of Thursday's market close, VMware shares are nearly $60 below its all-time trading high of $206.80 from May. The information technology firm is a big player in data center virtualization, which allows multiple users to access a physical server via cloud computing.
Cramer insisted that there is enough economic data that warrant the Federal Reserve to "take preemptive action here and cut interest rates."at an annual meeting of central bankers and economists in Jackson Hole, Wyoming on Friday. "The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate," the host said. "In that case, the Fed needs to cut rates as insurance, bringing our short-term interest rates closer to the rest of the world's."Keith Block, co-chief executive officer of Salesforce.com Inc., speaks during the opening keynote at the DreamForce conference in San Francisco, Sept. 25, 2018.
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