CNBC’s Jim Cramer was immediately intrigued when shares of Masco, a home supply manufacturer, managed to surge more than 7 percent after the company’s disappointing earnings report on Tuesday. Most news headlines painted Masco’s quarter as weak, pressured by a slowing housing sector, rising raw costs, a hawkish Federal Reserve, higher tariffs and a muted
Facebook’s third-quarter earnings report told CNBC’s Jim Cramer that the social media giant has a chance at a comeback after months of recurring issues around data privacy. “The important thing here is that a turn is even possible ,” the “Mad Money” host said after shares of Facebook closed nearly 4 percent higher on Wednesday.
Sometimes, CNBC’s Jim Cramer wishes FANG, the acronym he uses to talk about the stocks of Facebook, Amazon, Netflix and Google, now Alphabet, had never been created. “I never thought I’d say this, but I rue the day we created this silly thing,” the “Mad Money” host said one day after Facebook’s third-quarter earnings report.
Don’t delete your employer’s reminders to sign up for next year’s employee benefits. It could cost you. More than 90 percent of workers polled by insurer Aflac said they simply choose the same benefits each year, rather than making any changes during open enrollment. Perhaps it wouldn’t be so bad if those employees at least
It’s been a rocky October for chip stocks with the SMH, an ETF that tracks the sector, falling more than thirteen percent month-to-date. One of the hardest hit names is Nvidia. It’s down 27.76% so far this quarter, and is set to post its worst month in more than a decade. But on Tuesday the
The stock market is “not out of the woods” despite Tuesday’s positive trading session, CNBC’s Jim Cramer and technician Bob Lang warned investors as stocks pared their monthly losses. Lang, the founder of ExplosiveOptions.net, author of “Know Your Options” and part of the Trifecta Stocks newsletter team at TheStreet.com, said that the charts of several
Royal Dutch Shell PLC: “Why buy Royal Dutch when you can buy BP? My charitable trust, which you can follow along by joining [the] ActionAlertsPlus.com club, has made this our biggest oil position and we keep buying it and it yields 5.8 percent and it reported one of the best quarters I’ve seen this whole
In this strange moment for stocks, investors should hope to see bad news about the economy, CNBC’s Jim Cramer said Tuesday after the major averages traded sharply higher following weaker-than-expected economic data. “Bizarrely enough, the best thing for this market would be getting some disappointing news from the non-farm payroll report on Friday,” Cramer said.
Jeffrey Katzenberg is drawing inspiration from Dan Brown’s “The Da Vinci Code” as he puts together his new short-form video company, Quibi. Speaking alongside Quibi CEO Meg Whitman on Tuesday at Axios’ Smarter Faster Revolution event, Katzenberg said that after reading Brown’s mystery thriller, a light bulb went off in his mind about media consumption.
CNBC’s Jim Cramer said Tuesday it almost seems like Jerome Powell is being aggressive on his path to raise interest rates because the Federal Reserve chair wants throw a wrench in President Donald Trump‘s agenda. “Maybe he wants Trump to lose,” Cramer argued on “Squawk on the Street,” questioning Powell’s motives. The Fed declined to
Content delivery network Akamai is up as much as 11 percent in premarket trading after crushing earnings. Akamai reported quarterly revenue of $670 million compared to $664 million analysts expected, according to Refinitiv. It also beat estimates on earnings per share by 11 cents, reporting 94 cents per share. Akamai’s technology allows for speedier video
Commercial real estate could be the next sector to see serious weakness, CNBC’s Jim Cramer warned Monday as stocks underwent yet another bout of volatile trading. “I hate commercial real estate,” the “Mad Money” host told a caller in the lightning round. “Honestly, I think that’s the next thing that’s going to roll over. That’s
Red Hat probably won’t get an offer higher than the $190-per-share price from IBM, because rival suitors have already had a chance to bid, according to people familiar with the matter. Red Hat announced Sunday it had reached an agreement to sell itself to IBM for about $34 billion. As the open-source software developer negotiated
BlackRock’s Jeff Shen said the escalation of trade tensions and the imposition of tariffs between Washington and Beijing have exacerbated China’s financial woes as it works to modernize its economy. “I think tariffs were a bit of a catalyst. China is going through a deleveraging process, is going through a repositioning of its economy. …
At first blush, Berkshire Hathaway’s recent early-stage fintech investments may seem out of place. But they do fit with Warren Buffett‘s longtime strategy of making multiple bets across an entire industry. Buffett’s conglomerate, which typically takes stakes in blue chip American companies, recently invested about $600 million in two fintech companies focused on emerging markets
Morgan Stanley disagrees with the rest of Wall Street: The bank’s top strategists are gearing up for a much longer bear market while others are betting the sell-off is short-lived. “The rolling bear market continues to make progress and there is growing evidence that it is morphing into a proper cyclical bear market in the
FANG is getting shredded this month. Facebook, Amazon, Netflix and Google parent Alphabet are down double digits in October, getting burned by a market turn toward defensive stocks over high-growth and high-momentum tech names. One technician says one of those stocks could stanch its bleeding. “Amazon is just in an astronomic climb well contained in
Two Powerball players woke up an awful lot richer on Sunday morning. After 21 weeks with no jackpot winners in the game, Saturday night’s drawing yielded two tickets that beat the odds and matched all six winning numbers (8, 12, 13, 19 and 27, with a Powerball of 4). The chance of winning is 1
A photograph of the son of slain Saudi journalist Jamal Khashoggi shaking hands with Saudi Arabia’s Crown Prince Mohammed bin Salman was released earlier this week. The image was difficult for many in the international community to process given the Saudis’ shifting narrative on the killing and the fact the son, Salah Khashoggi, had been
The bond market may be the next area to shock investors. While Wall Street copes with a volatile stock market, one bond fund manager warns treasury yields are on the verge of a breakout to the upside. Yields, which trade inversely of bond prices, can put upward pressure on everything from mortgage rates to credit