Investing

Netflix should probably be worth way more than its market value, CNBC’s Jim Cramer said Monday. “When I look at Netflix and I look at their scalable model, obviously people continue to think, ‘How could this company only be valued at $80 billion if it’s going to be your worldwide cord cutting play?'” Cramer said
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CNBC’s Jim Cramer remembers the days when the market declined and traders would flock to safety in “recession-proof” stocks like General Mills and Kimberly-Clark. But times have changed. Now, the “Mad Money” host sees traders fleeing to the FANG stocks, Cramer’s acronym for Facebook, Amazon, Netflix and Google, now Alphabet when their favorite sectors go
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With the semiconductor space on fire, up 35 percent for 2017 according to the Philadelphia semiconductor index, CNBC’s Jim Cramer understands investors’ desire to own chip stocks. “At the moment, it feels like even a monkey with a dartboard could make a killing in the semis. That’s how strong they’ve been. But this is also
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Cryptocurrencies like bitcoin will become so valuable and widespread that all money transfers are going to be free, according to a top tech investor. Cathie Wood, the CEO of ARK Invest, said the internet doesn’t have a built in payments system because it wasn’t conceived as a place of commerce. Bitcoin and other cryptocurrencies are
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On his last day as Fed vice chair, Stanley Fischer‘s sent some advice to President Donald Trump: Stay the course. In an interview at the World Bank/International Monetary Fund conference Friday, Fischer pushed the president to reappoint Janet Yellen as Fed chair. Though normally reluctant to wade into political waters, he made his preference known.
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Without overreacting, concern about North Korea is rational for any investor. Just ask Warren Buffett. Last week the world’s second-richest man said, “We have increased the ability of perhaps even an individual, perhaps a group, perhaps a nation … to kill millions, millions, millions of people in a single stroke.” Buffett added, “We got a
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The fallout from Harvey Weinstein’s sexual harassment scandal is hitting Weinstein Co., itself. Goldman Sachs, one of the film company’s original financiers, is “exploring options” on the small stake in the company it still has, the Financial Times reported. Weinstein Co., which was behind award-winning movies like “The King’s Speech” and “The Artist,” originally got
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Daniel Acker | Bloomberg | Getty Images An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Shares of Dominos fell 4 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic
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With news of the proxy battle between Procter & Gamble and activist investor Nelson Peltz coming to a close, CNBC’s Jim Cramer shared his thoughts on the practice of activism. “This is very much a case-by-case thing,” the “Mad Money” host said. “There are some ‘scorched earth’ activists who seem to specialize in creating ill
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A number of big companies have recently announced spinoffs, a corporate action that typically occurs at the top of bull markets as executives grasp for ways to keep shareholders happy. On Tuesday, Honeywell International and Pfizer both announced plans to shed or consider spinning off certain business units. The number of completed U.S. spinoffs tracked
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Check out which companies are making headlines before the bell: Honeywell – Honeywell announced a planned spin-off of its Homes Products and Transportation Systems Businesses into two separate publicly traded companies. It expects those moves to be completed by the end of 2018. Pfizer – The drugmaker said it would consider strategic alternatives for its
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Commodities King Dennis Gartman is bearish on crude oil again. Last month, he told CNBC crude oil could hit $55 a barrel. On Monday, he backed away from that notion. “All things being otherwise equal, if things remain as they are right now, crude oil probably wants to continue to trend downward,” he said. “I
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One impetus for that stance was a white paper the Treasury Department released last week containing its recommendations to ease bank regulation. While the paper largely got lost in the headlines of the Las Vegas mass shooting and the daily drama coming out of Washington, it was viewed within the banking industry as an important
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Costco Wholesale‘s latest quarterly earnings conference call was “very disturbing,” CNBC’s Jim Cramer said Friday. During the call, Costco Chief Financial Officer Richard Galanti addressed concerns about Amazon Prime impacting Costco’s membership offering. Costco’s membership renewal rates declined as its gross margins narrowed during the fourth quarter. “As it relates to the publicity and the
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Chipotle’s September launch of queso will not be enough to turn around the burrito restaurant chain’s sales, according to one Wall Street firm. Cowen reiterated its underperform rating for Chipotle shares, predicting the company’s third-quarter sales will come in below expectations. “With proprietary survey data indicating Chipotle’s quality perceptions are near trough levels, we believe
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Disney’s planned streaming services rival to Netflix will cut into the media giant’s profits, according to one Wall Street firm. Jefferies reduced its earnings per share estimates for Disney, saying its new strategy will require significant investments. Disney announced plans in August to launch a branded direct-to-consumer streaming service in 2019 and an ESPN streaming
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Check out which companies are making headlines before the bell: Costco – The warehouse retailer reported quarterly profit of $2.08 per share, six cents a share above estimates. Revenue also beat forecasts. Costco’s stock is being pressured by a drop in profit margins, however, sparking concerns about an escalating grocery price war. Yum China –
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As oil exports from the United States reach record highs, Mark Siegel, the executive chairman of Patterson-UTI Energy, told CNBC that the trend shouldn’t worry commodity-watchers. “I think everybody starts to think that there’s an abundance whenever somebody’s starting to do well,” Siegel told “Mad Money” host Jim Cramer in an exclusive interview on Thursday.
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