Homepage / Technology / Cramer Remix: It was the hottest group in the market until Red Hat reported
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election


Cramer Remix: It was the hottest group in the market until Red Hat reported

Plenty of groups have been struggling in this market, but CNBC’s Jim Cramer found one subsector that’s been running hot. That is, until Thursday night.

“The cloud-based enterprise software stocks have been holding up pretty darn well, at least until Red Hat tonight,” the “Mad Money” host said after the cloud play reported first-quarter earnings.

Shares of Red Hat fell over 11 percent after the company issued lower-than-expected guidance for rest of the 2019 fiscal year.

“It’s getting shelled on some weaker guidance. But still, this is the hottest group in the market,” Cramer said before sitting down with the CEO of a company behind another red-hot stock.

Even a sprawling technology player like Microsoft might have trouble going after newly public cybersecurity company Okta’s business, CEO Todd McKinnon told CNBC on Thursday.

Okta, which came public in April to huge fanfare, saw its shares surge 38 percent on its first day of trading.

Shares of the company, which builds software to make logging into cloud networks more secure, climbed higher still after a successful first-quarter earnings report.

“I think the big advantage that our approach has against someone like Microsoft is that we don’t have a horse in the race in terms of which applications or which operating systems or which type of computer our customers use,” McKinnon, also Okta’s co-founder and chairman, told Cramer.

To watch and read more about McKinnon’s interview, click here.

Looking past ousted Intel CEO Brian Krzanich’s personal issues, Intel’s stock is too cheap at these levels, Cramer said Thursday.

Shares of the chipmaker slid 2.38 percent on Thursday after Krzanich resigned, effective immediately, for having what the company called a “consensual relationship with an Intel employee.”

The relationship violated Intel’s strict non-fraternization policy, which forbids managers from having personal relations with any of their employees.

But the affair didn’t matter to Cramer.

“What matters to me is that the stock is now too cheap to be ignored because at the same time they released [the] Krzanich [news], they also told you that business was better than expected thanks to strong growth across all segments,” Cramer said. “The stock looks good to me.”

Click here for his full analysis.

When CNBC’s Jim Cramer listened to Micron Technology’s conference call, he found himself considerably less skeptical about the chipmaker’s fate than most of the analysts.

“I’m a believer,” the “Mad Money” host said Thursday. “I’m out on a limb here.”

But, he admitted, “I think it’s worth the risk.”

Micron, which makes flash memory and dynamic random-access memory (DRAM) chips that are used in a range of technologies like smartphones and personal computers, reported third-quarter earnings on Thursday.

The results came in above Wall Street’s estimates, driven by strong demand and controlled supply in Micron’s end markets, which include the data storage and cloud computing industries.

Get Cramer’s full take here.

Automation isn’t a complete job-killer, at least not if you ask Zume Inc. Chairman and CEO Alex Garden, whose company uses robots and high-tech trucks to deliver food.

“Not every job’s a great job,” Garden told Cramer in a Thursday interview. “If you own 10 restaurants [and] you’ve got 10 people working in each restaurant, you’ve got 100 people. In the Zume model, you’ve got a high-speed, co-botic commissary. Co-botic: people and robots working together.”

At Zume’s San Francisco locations — currently the company’s only market — its robots make pizza with human supervisors. The food is then loaded onto one-of-a-kind trucks with built-in ovens and is heated on the way to customers’ houses so it’s hot upon delivery.

“We pay those people great salaries,” Garden said. “They get full benefits, they’ve got great job prospects. When we automate a task – boring, dangerous, repetitive task – we promote that person. We don’t get rid of them.”

And with healthy employment across the United States, Garden said his solution can actually help create better jobs rather than killing them.

With Zume, “you’re getting the same economic throughput [as a restaurant and] better jobs [at] a tiny fraction of the labor,” he said. “For the first time in 20 years, more job openings than jobless people in the U.S. Someone’s got to solve this problem.”

To watch Garden’s full interview, click here.

In Cramer’s lightning round, he zipped through his take on callers’ favorite stocks:

First Commonwealth Financial Corporation: “No, no, no, no, no. It’s time to ring the register. There’s so many banks that are way, way, way, way down, I think you take the money off this regional and put it in others.”

Air Products and Chemicals, Inc.: “People decided they don’t want the industrials anymore. They’re throwing ’em all away. I think this stock is closer to a bottom than a top, so therefore I’m going to say start buying.”

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

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: It was the hottest group in the market until Red Hat reported

Comments are closed.