Investing

Since Sports Authority went bankrupt in 2016, CNBC’s Jim Cramer has watched the sports retail and athletic wear cohort endure widespread weakness. Just this year, Nike shares have inched up less than 1 percent, Columbia Sportswear’s shares are up about 4 percent and Under Armour shares have shed 43 percent of their value. At first,
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Investors’ exuberance can’t last forever, but what has surprised Cramer most has been the lack of “over-fishing” in any one stock. “Some are game fish like Nvidia, hitting an all-time high on autonomous driving chips. Some are the bottom fishers: Intel, AMD, Kroger. Some are brick-and-mortar retailers that typically rally for a few days, then
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With news of the proxy battle between Procter & Gamble and activist investor Nelson Peltz coming to a close, CNBC’s Jim Cramer shared his thoughts on the practice of activism. “This is very much a case-by-case thing,” the “Mad Money” host said. “There are some ‘scorched earth’ activists who seem to specialize in creating ill
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Wal-Mart is planning a website redesign that’s slated to be revealed in the first quarter of next year, Marc Lore, president of Wal-Mart’s U.S. e-commerce business, said Tuesday. The big-box retailer plans to invest heavily in e-commerce and online grocery in the coming months, with plans to double its online grocery pickup locations across the
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Commodities King Dennis Gartman is bearish on crude oil again. Last month, he told CNBC crude oil could hit $55 a barrel. On Monday, he backed away from that notion. “All things being otherwise equal, if things remain as they are right now, crude oil probably wants to continue to trend downward,” he said. “I
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American International Group said Monday it estimates third quarter pre-tax catastrophe losses of $2.9 billion to $3.1 billion. Shares of the insurance giant fell about half a percent in after-hours trading. The loss estimates are net of reinsurance and fall to $1.9 billion to $2.0 billion after tax. Hurricane Harvey was the most costly of
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One impetus for that stance was a white paper the Treasury Department released last week containing its recommendations to ease bank regulation. While the paper largely got lost in the headlines of the Las Vegas mass shooting and the daily drama coming out of Washington, it was viewed within the banking industry as an important
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Costco Wholesale‘s latest quarterly earnings conference call was “very disturbing,” CNBC’s Jim Cramer said Friday. During the call, Costco Chief Financial Officer Richard Galanti addressed concerns about Amazon Prime impacting Costco’s membership offering. Costco’s membership renewal rates declined as its gross margins narrowed during the fourth quarter. “As it relates to the publicity and the
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Disney’s planned streaming services rival to Netflix will cut into the media giant’s profits, according to one Wall Street firm. Jefferies reduced its earnings per share estimates for Disney, saying its new strategy will require significant investments. Disney announced plans in August to launch a branded direct-to-consumer streaming service in 2019 and an ESPN streaming
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Check out which companies are making headlines before the bell: Costco – The warehouse retailer reported quarterly profit of $2.08 per share, six cents a share above estimates. Revenue also beat forecasts. Costco’s stock is being pressured by a drop in profit margins, however, sparking concerns about an escalating grocery price war. Yum China –
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As oil exports from the United States reach record highs, Mark Siegel, the executive chairman of Patterson-UTI Energy, told CNBC that the trend shouldn’t worry commodity-watchers. “I think everybody starts to think that there’s an abundance whenever somebody’s starting to do well,” Siegel told “Mad Money” host Jim Cramer in an exclusive interview on Thursday.
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After slipping a bit to settle at $49.98 on Wednesday, crude oil rose on Thursday to finish the session at $50.79. And while oil’s recent moves may seem moderate, the commodity’s flirtations with the $50 per barrel mark give the daily machinations of oil prices great moment, according to RJO Futures senior market strategist Phillip
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In a red-hot stock market that can’t seem to slow its winning streak, CNBC’s Jim Cramer has been inundated with requests from viewers to lay out the market’s negatives. “Now, I have endlessly told you how errant tweets, dysfunctional tax policy and ‘little Rocket Man’ can all create a hideous backdrop at any given moment,”
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Jonathan Ernst | Reuters President Donald Trump waves to local residents affected by Hurricane Maria as he helps hand out supplies at a disaster relief distribution center at Calgary Chapel in San Juan, Puerto Rico, October 3, 2017. A prominent bond broker says his clients who are holding Puerto Rican debt are just about “suicidal”
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Puerto Rican bonds took a huge hit on Wednesday following President Donald Trump’s comments on the island’s massive debt. The island’s general obligation bonds, which yield 8 percent, dropped to just 34 cents on the dollar, according to Bloomberg data. On Tuesday night, Trump told Fox News that Puerto Rico’s debt will have to be
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As the CEO of the second-largest payroll processor in the country, Paychex’s Marty Mucci has his finger on the pulse of small- and medium-sized business sentiment. “We’re growing very consistently in small business job growth right now, and we’re seeing wages up, which is a very good thing, obviously, for the consumer, those employees, buying
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Finally, as the stock market surges into October, Cramer noticed a dozen unusual stock groups that have been gaining momentum. “Given that we are going into earnings season, it’s rather strange, and, I should add, actually incredibly healthy to see so many stocks from so many sectors running into their quarters,” he said. “Normally I’d
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In his decades of investing, CNBC’s Jim Cramer has never liked the month of September. But this one turned out to be different. The “Mad Money” host expected waves of hedge fund selling, politically-charged stock declines and negative earnings pre-announcements from companies experiencing a summer slowdown. But none of those happened. So, with the market’s
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