When CNBC’s Jim Cramer evaluates retail companies and their stocks, he likes to go straight to the source. “I shop everywhere and if I shop at a place that I’m not that crazy about, I don’t recommend the stock. And I’m not crazy about shopping at J.C. Penney,” the “Mad Money” host told a caller […]
Read moreHormel Foods Corp.: “I like Hormel. One of the few food stocks with great growth.” Acuity Brands: “This is too many [missed] quarters, Acuity.” Greenbrier Companies: “Greenbrier’s interesting, but you know, when I speak of rails, I always speak of Union Pacific.” Baidu Inc.: “I like Baidu. It’s one of the only Chinese stock I’m […]
Read moreTo CNBC’s Jim Cramer, the story of this stock market seems to be all about “cognitive dissonance.” “There’s just so many examples of investors holding two contradictory opinions at the same time and it has a tendency to color the tape,” the “Mad Money” host said on Thursday, pointing to four distinct examples. The informal […]
Read moreMajor indexes in Asia looked set to open higher on Friday despite Wall Street closing with slight losses amid political concerns. U.S. stocks closed lower on Thursday as investors focused on the likelihood of a government shutdown. That came despite corporates stateside posting solid quarterly earnings: As of Wednesday, 78 percent of S&P 500 companies […]
Read moreBlockchain, a digital record-keeping method that exploded in popularity in conjunction with the cryptocurrency craze, will change the way the world makes transactions, IBM’s Martin Schroeter told CNBC on Thursday after earnings. “If you bought IBM stock today, you would have to wait three days for that to clear because it has to go through […]
Read moreDespite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, to top $12,000 after […]
Read moreThursday’s broad declines in the major averages didn’t stop CNBC’s Jim Cramer from noticing the positive action in individual stocks like UnitedHealth. “I’m talking about these multi-day-up extravaganzas, where investors can’t buy enough shares in one session after a positive event so they keep coming back, day after day after day, to get their full […]
Read moreAtlassian shares dropped nearly five percent in extended trading on Thursday, even though the software developer reported second-quarter results that topped analysts’ estimates and issued an optimistic forecast. Here are the most important numbers: Revenue: $212.6 million vs. $204 million estimate, according to FactSet EPS (adjusted): 13 cents vs. 12 cents, according to FactSet Atlassian’s […]
Read moreSnap laid off two dozen workers in New York and London, half of whom worked producing content, as the struggling social media company consolidated those operations in Los Angeles, CNBC has confirmed. The cuts were previously reported by Cheddar. The job cuts affected a tiny percentage of the company, which had nearly 3,000 employees as […]
Read moreTesla is bringing its Model 3 to showrooms on the East Coast, giving local reservation holders a chance to see the car in person months after the company began production. The electric-car maker will pull the cloth off Model 3s on Friday at its store in Manhattan’s Meatpacking district, and in its showroom on Boston’s […]
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