After Wedbush analyst Michael Pachter reiterated his “sell” rating of Netflix on Wednesday, Jim Cramer was glad that he at least acknowledged how wrong he has been on the stock. “But I’m also dismayed that he’s sticking by his methodology, the same methodology that caused him and his acolytes to miss almost 100 [basis] points […]
Read moreIf it is not as big as the Amazon-Whole Foods deal, it is ignored. Jim Cramer has grown tired of this pattern when it comes to mergers, which are already so sparse in today’s stock market. “Consider Vantiv’s recently announced purchase of Worldpay. We know that payment processors have been on fire — Visa’s red-hot, […]
Read moreJim Cramer finds that days like Wednesday serve to remind investors that no matter how worried they are about political turmoil or global conflict, sometimes, the bulls get their way. From Federal Reserve Chair Janet Yellen testifying before Congress that the U.S. economy is seeing growth without inflation to rumors of the administration’s Chief Economic […]
Read moreAmerican Airlines said Wednesday it is ending its code share agreements with Etihad Airways and Qatar Airways over an ongoing dispute about Gulf states’ support for the carriers. The airline said the decision would not have a material financial impact and “is an extension of our stance against the illegal subsidies that these carriers receive […]
Read moreFor all things Paris, President Donald Trump‘s go-to guy is Jim. The way Trump tells it — Jim is a friend who loves Paris and used to visit every year. Yet when Trump travels to the city Thursday for his first time as president, it’s unlikely that Jim will tag along. Jim doesn’t go to […]
Read moreThe United States notified South Korea on Wednesday it plans to start negotiating amendments to a five-year-old free trade agreement with Seoul and called a meeting to kick off the talks for next month. The announcement came months after U.S. President Donald Trump said he would either renegotiate or terminate what he called a “horrible” […]
Read moreI recently met with President Trump and other officials at the White House to discuss American leadership in emerging technology. As the President and Congress tackle the important work of reinvesting in America’s aging physical infrastructure, a potentially more important infrastructure upgrade looms — the build out of next-generation wireless networks. Upgrading American wireless networks […]
Read moreShares of Nvidia are up 4 percent and poised for a record close on an upgrade from SunTrust Robinson Humphrey. Here’s the thing: SunTrust is playing catch-up with the rest of Wall Street, who have already upgraded Nvidia. Nvidia’s shares have more than tripled in the last 12 months, beating out the returns of any […]
Read moreBarry Diller, chairman of IAC, told CNBC on Wednesday that Donald Trump‘s presidency has been a “joke.” “He hasn’t done anything, really. I think it’s just a joke. Hopefully it will be over relatively soon,” Diller said. “It inexplicably began and it will inexplicably end.” The comment came in a wide-ranging interview with CNBC at […]
Read moreTwo major Wall Street banks think it might be time to take money out of the stock market: Bank of America Merrill Lynch and Credit Suisse. “With central banks heading toward removing liquidity, and both lofty valuations and narrow market breadth in the US, we think investors would be prudent to lock in some gains, […]
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