After the stock of Google parent Alphabet shed some of itsgains post-earnings as investors acted on concerns about the tech giant’s advertising model, Jim Cramer explained the stock’s temporary weakness. “It’s entirely possible that the growth in their core business is slowing,” the “Mad Money” host said. “But Alphabet does have $94.7 billion in cash […]
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With earnings season well underway, Jim Cramer wanted to remind investors of a crucial piece of advice as the results pour in: do not overthink this stock market. For example, when United Technologies issued a strong earnings report, its stock still went down. Chalking it up to earnings season confusion, the “Mad Money” host said […]
Read moreEarnings season can stir doubt even in some of the stock market’s top performers, and Jim Cramer had to right the record when he spotted declines in four of his favorite names. “Look, you need a healthy amount of skepticism to be a good investor, no denying that, but it’s also important to know when […]
Read moreAn individual wage near $20 an hour, or about $41,600 per year, could be the basis of a sustainable working-class life in many cities and regions of the U.S. But not so in Silicon Valley, where many (non-entry) jobs at established technology companies pay in the low six figures per year or more. From San […]
Read moreShares of Advanced Micro Devices soared after the company raised its outlook and reported earnings that topped expectations. The stock surged 7 percent in after-hours trading as more than 13 million shares changed hands. Here’s how the company did compared to expectations, according to Thomson Reuters consensus estimates: EPS: 2 cents per share vs. break-even […]
Read moreBlue Apron is shaking up its leadership — and it means co-founder Matthew Wadiak is out of the C-Suite. Co-founder and chief operating officer Wadiak will transition to a senior advisory role, the company announced on Tuesday. Blue Apron’s seasoned executives in charge of supply chain and operations are being elevated and will now report […]
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Bitcoin fell to its lowest in five days Tuesday amid uncertainty over whether the digital currency will still avoid a split. Bitcoin dropped more than 10 percent to $2,487.13, its lowest since last Thursday when it hit a low of $2,276.16, according to CoinDesk. The digital currency last traded just below $2,500, unchanged for the […]
Read moreFacebook sees an opportunity to connect businesses with its 1.2 billion Messenger monthly users — and create new revenue sources for the company along the way. “There’s an app consolidating phenomenon where people spend time on fewer and fewer apps,” Kemal El Moajahid, Facebook’s lead developer for Messenger and virtual assistant M, told CNBC. “So, […]
Read morePresident Donald Trump told The Wall Street Journal that Apple is moving forward with three big U.S. factories in an interview published on Tuesday. Apple CEO Tim Cook called Trump to share that the iPhone-maker would do more manufacturing domestically, Trump told the Journal. “I spoke to [Mr. Cook], he’s promised me three big plants […]
Read moreEven after Amazon’s big rally this year, a Wall Street analyst still believes the stock can go higher based on some interesting analysis of Google search data. Piper Jaffray’s Michael Olson reaffirmed his overweight rating for Amazon, citing the company’s web search analysis which pointed to robust June quarter sales growth for the e-commerce giant. […]
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