Investing

Andrew Harrer | Bloomberg | Getty Images Listerine mouthwash bottles move through the production line at the J&J consumer healthcare products plant in Lititz, Pennsylvania. With the Dow Jones industrial average surging through the 23,000 level for the first time ever, Cramer offered investors a piece of contrarian food for thought. “Here’s something you never
0 Comments
Mounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends and increased loan loss provisions as detailed in the bank’s most recent earnings report. “Although
0 Comments
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
0 Comments
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.
0 Comments
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 5 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
0 Comments
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
0 Comments
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
0 Comments
Costco Wholesale‘s conference call with investors about its latest quarterly earnings report is “very disturbing,” CNBC’s Jim Cramer said Friday. In the call, Costco Chief Financial Officer Richard Galanti addressed concerns about Amazon Prime accounts impacting Costco memberships. Galanti said slowing membership signups were a result in part of the timing of new initiatives the
0 Comments
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
0 Comments
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
0 Comments
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.
0 Comments