After John Flannery, General Electric’s new CEO, saved his company’s stock by giving a candid interview on its “horrible” state of affairs, CNBC’s Jim Cramer gained some renewed hope. “John Flannery … can fix this very broken company. He can fix it because he’s willing to admit from the get-go that GE’s been very poorly […]
Read moreWhen CNBC’s Jim Cramer first recommended Callaway Golf and Dick’s Sporting Goods as ways to invest around golf a little over a year ago, he wasn’t entirely sure where the industry would go. “At the time, the conventional wisdom held that golf was dead, but I thought we were seeing some green shoots and there […]
Read moreWhen the broader market is strong, sometimes CNBC’s Jim Cramer likes to zoom in on specific companies to review what they’re doing right. On Friday, Cramer turned to Honeywell, the massive industrial conglomerate manufacturing aircraft engines, climate control systems, security equipment and other specialty products. “Honeywell’s stock has roared up over 25 percent year to […]
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CNBC’s Jim Cramer is expecting big things for next week’s earnings reports. “We are coming in hot going into the biggest earnings week of the year, and the stakes have been ratcheted up so dramatically that we better get some darned good numbers from these companies,” the “Mad Money” host said. After General Electric issued […]
Read moreTesla’s recent failure to meet production targets for its Model 3 car is worrying a top Wall Street firm. JPMorgan reaffirmed its underweight rating on the electric car maker’s shares and reduced its price target, predicting Tesla will continue to have issues producing its vehicles. Tesla’s stock traded down 0.9 percent Friday afternoon. Its shares […]
Read moreWeWork’s CEO is was in the spotlight this week after reports from The Wall Street Journal and The Information highlighted some unusual aspects of his leadership style. Co-founder and Chief Executive Adam Neumann has reportedly bragged that he’s sold more than $100 million of WeWork’s shares, according to four unnamed sources who spoke to the […]
Read moreVeteran investor Bill Miller joined other prominent fund managers in declaring his own bullish views on the stock market. “The global economy has now entered a synchronized expansion for the first time in many years, and the usual macro fears are largely absent,” wrote Miller on Wednesday. Synchronized expansion means economies around the world are […]
Read moreShares of Singapore-based online gaming and e-commerce company Sea stumbled in the company’s U.S. stock market debut Friday. Shares priced at $15 apiece, above the expected range of $12 to $14, in the $884 million IPO. Shares opened at $16.25 on the NYSE but fell below $15 within the first hour of trading. Shares later […]
Read moreSnap is cutting jobs in its recruiting division as the company’s stock price languishes below its IPO price from earlier this year. The company confirmed to CNBC that it recently laid off 18 people in recruiting, a story that was first reported by Business Insider. The cuts follow about a dozen layoffs in Snap’s hardware […]
Read moreJust six weeks after floodwaters from Hurricane Harvey damaged thousands of homes in Houston, home sales there have rebounded. Sales rose 4 percent in September in Houston from the prior year, after plummeting nearly 24 percent in August, according to the National Association of Realtors. That helped push home sales nationally higher by 0.7 percent; […]
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