Homepage / Technology / Cramer Remix: Chasing this stock’s high may be worth your while
Asia set for a cautious open as US-China trade tensions simmer Many companies at Cannes Lions had yachts, but Google, Facebook, Spotify and Twitter have beaches Tech could soon turn into the market's headache: Wells Fargo's Chris Harvey Forget millennials: Here's a good reason why Apple should hire your grandmother How Amazon's roaring success selling batteries is making it wonder which market it can disrupt next A company is showing how blockchain is more than just cryptocurrency — it can also cut food waste AT&T and Verizon have drones that could provide cell service and save lives this hurricane season How the Supreme Court may have made Web shopping pricier for just about everyone but Amazon How to choose between an Amazon Echo, a Google Home and an Apple HomePod Electric scooters draw hordes of investors and avid users — but a number of critics as well This floating robotic factory will build satellites and spaceships in orbit Meet the man whose job it is to reassure people that Google search isn’t evil Euro is here to stay: German finance minister China's ZTE expected to take last step to lift ban Cramer Remix: The best way to play the stress test results Red Hat CEO on earnings-led stock drop: 'I would encourage investors to look long term' Apple launches free repair program for MacBook and MacBook Pro keyboards The founder of JetBlue is about to start a new airline Tesla is suing an ex-employee for hacking into its 'MOS' software — here's what that system does Morgan Stanley sees 'a pattern forming' of the space industry developing like self-driving cars Buy Intel shares because its CEO change will not hurt the chipmaker: Credit Suisse Xiaomi reportedly awards founder $1.5 billion in stock ahead of IPO Tesla reports another fire at Fremont factory Tesla shares drop after analyst raises concern over a rise in its services costs Increased threat of a trade war is ramping up fears of a 'full-blown recession' CarMax shares surge to record high, on pace for their best day in 4 years If energy can clear one hard-to-break level, it’s off to the races, chart watcher says Warren Buffett: 'Any time the market takes a sharp dive,' read this book Supreme Court rules warrants required for cellphone location data Trump urges OPEC to 'keep prices down' as oil cartel's meeting wraps up Cramer: Strength in tech and retail has 'masked' weakness in the broader market Buy EA shares because it is ‘building a Netflix for video games’: Needham What’s at stake in Turkey’s elections, and why Erdogan could actually lose Facebook’s ‘lack of accountability’ in its data scandal spurs European sustainability fund to dump shares Goldman Sachs: GE should suspend dividend for the next 18 months OPEC ministers strike deal on oil production levels Stocks making the biggest moves premarket: BB, MDT, URI, JPM, BAC & more Pro tips on taking great video of your vacation — right from your phone All 35 times the market did this, stocks ended the year higher Bitcoin tumbles after Japan watchdog orders exchanges to beef up practices against money laundering Husband cheating? Ashley Madison says member signups spiked in these cities last year James Comey: Public anger about migrant children is ‘why Trump ran’ from the policy Chinese stocks are flirting with bear market territory as trade worries fester BlackBerry posts quarterly loss Friday will likely be the year's biggest stock market volume day with big action in Apple, JP Morgan Rival Koreas agree to reunions of war-separated families US companies like Micron are accusing China of intimidation and outright theft to dominate tech Disney said it's willing to divest more Fox assets for to get a deal cleared by regulators Tesla is preparing to close a dozen solar facilities in 9 states Uber driver was streaming Hulu show 'The Voice' just before self-driving car crash: Police report OPEC heads into showdown over oil output, with Saudi Arabia and Iran on different sides Chinese media says US has 'delusions' as impact of trade war spreads YouTube introduces paid subscriptions and merchandise selling in bid to help creators monetize the platform Airbus says no-deal Brexit would force it to reconsider UK presence European stocks seen slightly higher ahead of OPEC meeting Euro zone hits 'historic moment' as it closes eight years of financial support to Greece Trade tensions are the biggest risk for the euro zone, the IMF says With freedom to drive, Saudi Arabia's women could change the economy Taiwan's Foxconn says biggest challenge is US-China trade war Euro zone agrees on debt relief package for Greece Asian shares set to decline, taking cues from Wall Street's losses; OPEC meeting ahead Chevrolet is bringing back the Blazer as a crossover Cramer Remix: It was the hottest group in the market until Red Hat reported SpaceX’s Falcon Heavy rocket wins Air Force certification and a $130 million contract Cramer goes out on a limb in support of chipmaker Micron Okta CEO explains why his cybersecurity company has a leg up on big-name tech giants like Microsoft Cramer: CEO change aside, Intel's stock is too cheap at these levels The head of Amazon's marketplace has lost most of his authority amid internal shake-up Alphabet reportedly may spin out molten-salt project with Bill Gates' $1 billion energy fund Red Hat slides on low guidance Tax automation company soars after Supreme Court decision Why Amazon is the winner of the Supreme Court sales tax ruling Why some women are adopting Tom Brady's anti-inflammatory diet Retail companies trying to catch up to the times are scrambling to buy tech start-ups Buy Square shares because its sales will soar from its new services to restaurants: Instinet Former retail CEOs hail online sales tax ruling: Old law rewarded a ‘form of tax evasion’ Mark Zuckerberg is the richest he's ever been — and he's about to beat Warren Buffett Tech pioneer Jaron Lanier says companies should pay for data: 'Let's get out of the manipulation business' Tesla enhancing security at Gigafactory, says they got call that ex-employee threatened violence Kroger shares on track for their best day in 9 years on strong earnings Goldman Sachs: Weak stock market returns are ahead even with booming earnings Trader builds $5 billion position after realizing he wasn't using test program; brokerage says he can't keep his profit Abraaj, a private-equity firm, files for provisional liquidation A wave of new environmental laws is scaring shipowners Glencore dodges American sanctions rather than spurn its friends A maverick French telecoms firm attempts Italian conquest Most stockmarket returns come from a tiny fraction of shares China considers its response to Donald Trump’s proposed tariffs Dutch finance chief opposes latest Franco-German push to bolster euro area Cramer: I have faith others can take charge at Intel after Brian Krzanich's ouster Supreme Court rules that states can force online shoppers to pay sales tax Jim Rogers is the latest aging investing guru to launch an ETF programmed to trade like them Olive Garden owner's shares jump after earnings beat, dividend hike Red-hot chip stock Micron rises as Wall Street gushes over cloud computing memory demand A tech goof might have just leaked the date for Amazon Prime Day Intel's Brian Krzanich forced out as CEO after 'consensual relationship' with employee The Amazon Fire TV Cube is so good I want one for every TV in my house Martin Sorrell says his exit from WPP was like being 'hit by the bus' Micron's quarterly results, forecasts beat on higher chip demand Goldman Sachs upgrades stumbling Verizon and Charter shares: 'The pipes are not broken'

Technology

Cramer Remix: Chasing this stock’s high may be worth your while

While CNBC’s Jim Cramer was blown away by the monster 30-plus percent run in shares of Restoration Hardware parent RH on Tuesday, he also saw the rise as a unique opportunity.

“RH up 31 percent today? Breathless. A perfect, perfectly crafted short squeeze,” the “Mad Money” host said. “But once the short-squeeze ends, I got some interesting news for you: do you know I think that RH could have still more upside?”

In other words, the high-end furniture retailer’s Tuesday earnings report proved that its stock, like the stocks of other retailers that surprised Wall Street with better-than-expected results, could still have more runway ahead, Cramer said.

“You know me, I hate chasing, but the near-term history in trading these skyrocketing retailers dictates that they aren’t over after the first day, no matter how high they go,” he told investors. “We’ve got a Pamplona-style running of the bulls going on right now in retail, and the shorts? They’re just being trampled day after day after day.”

Cramer was surprised by the court ruling that approved AT&T’s attempted $85.4 billion merger with cable and entertainment colossus Time Warner.

On Tuesday, a federal judge ruled that AT&T’s purchase of Time Warner was legal, effectively paving the way for the merger to pass without any conditions or concessions on AT&T’s part.

“I thought that there were going to be some strings attached,” the “Mad Money” host admitted. “I thought the government made a better case than this. Now, this is a full-bore shutdown of the government’s attempt to block this acquisition.”

Last November, the Justice Department sued to block the merger, arguing that it was “illegal” and “harmful” to consumers. After Tuesday’s ruling, Assistant Attorney General Makan Delrahim said in a statement that the Justice Department was disappointed by the decision and would review the U.S. District Court’s opinion and “consider next steps.”

But this deal spoke volumes to what could happen on Wall Street in the coming weeks, Cramer argued.

Cisco Systems’ recent partnership with Alphabet’s Google to create a seamless cloud network “plays a tremendous role with security [and] policy,” Cisco’s Chuck Robbins said Tuesday.

In an exclusive interview with Cramer, the Cisco chairman and CEO said the partnership came in response to what customers of his networking hardware company were looking for: the ability to move their workloads from private to public clouds.

“They’re looking for the public cloud economics and the ability to actually have applications and write applications one time and then deploy them to any cloud,” Robbins told Cramer.

So when it came to Cisco’s attention that Google and its software platform Istio had pioneered an open-source solution to this growing need, the companies decided to join forces.

With U.S. stocks on the climb thanks to bullish institutional buyers, Cramer figured investors would start to get hesitant about buying into a market that’s heating up.

But after consulting technician Rob Moreno, Cramer concluded that that would be a mistake.

“There’s a lot to like about this environment, and more importantly, there are plenty of stocks that still haven’t really run very much,” Cramer said. “That’s right, we’ve got a bunch of laggard stocks that could soon break out to higher levels.”

One stock that exemplified this theory was that of Edwards Lifesciences, a Cramer-fave medical equipment maker that specializes in artificial heart valves and blood pressure monitors.

Jason Gorevic, the CEO of telehealth giant Teladoc, told Cramer in an exclusive interview Tuesday that there’s no turning back when it comes to the rise of virtual care.

“This is definitely a wave,” he said of his company’s core business, which uses technology to pair patients with doctors via video-conferencing or phone calls.

“I think we’re past the point of inevitability for virtual care,” Gorevic added.

Ripples of the telehealth wave have even reached the federal government. Gorevic said his company serves federal employees through their benefit plans.

“I think the government really is taking notice and they’re very much behind technology to revolutionize how health care is delivered,” he told Cramer. “The administration’s very supportive of virtual care.”

To watch Jason Gorevic’s full interview, click here.

In Cramer’s lightning round, he rattled off his take on callers’ favorite stocks:

Chesapeake Energy: “Natural gas is breaking out here which means you get a chance to sell Chesapeake.”

Applied Materials, Inc.: “Oh, my, [CEO] Gary Dickerson’s so great and so is [CEO] Martin Anstice at Lam Research. I am going to say that it’s OK to buy here but I can’t pound the table.”

Disclosure: Cramer’s charitable trust owns shares of Alphabet.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: Tech CNBC
Cramer Remix: Chasing this stock’s high may be worth your while

Comments are closed.