Buy Texas Instruments before the company gives the ‘all clear:’ Cramer

Don’t wait for the “all clear” on semiconductor sales to make a bet on Texas Instruments, CNBC’s Jim Cramer said Wednesday. “The executives at Texas Instruments aren’t trying to help you time the semiconductor cycle,” the “Mad Money” host said. On the Tuesday earnings call, Texas Instruments reported its second consecutive quarter of declining sales. Tracking and trading Texas Instruments’ stock outside of that cycle helped Cramer pay his share of rent one summer in the 1980s as he studied for t


Don’t wait for the “all clear” on semiconductor sales to make a bet on Texas Instruments, CNBC’s Jim Cramer said Wednesday. “The executives at Texas Instruments aren’t trying to help you time the semiconductor cycle,” the “Mad Money” host said. On the Tuesday earnings call, Texas Instruments reported its second consecutive quarter of declining sales. Tracking and trading Texas Instruments’ stock outside of that cycle helped Cramer pay his share of rent one summer in the 1980s as he studied for t
Buy Texas Instruments before the company gives the ‘all clear:’ Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: tyler clifford
Keywords: news, cnbc, companies, stock, sales, reached, instruments, qualcomm, clear, cramer, cycle, buy, gives, company, semiconductor, texas, apple


Buy Texas Instruments before the company gives the 'all clear:' Cramer

Don’t wait for the “all clear” on semiconductor sales to make a bet on Texas Instruments, CNBC’s Jim Cramer said Wednesday.

The semiconductor manufacturer has posted slowing chip sales in recent quarters, and said Tuesday it does not expect demand for chips to improve in 2019. Meanwhile, its shares reached a 52-week high during the session after beating earnings estimates by 13 cents in the last quarter.

“The executives at Texas Instruments aren’t trying to help you time the semiconductor cycle,” the “Mad Money” host said. “They’re just trying to run the business, and that’s a very different thing.”

When an investor waits until he or she gets the green light to pull the trigger, the easy money will have already been made by the time it comes.

Instead, the wise move would be to do some homework and get ahead on the stock while the share price is less expensive.

But it won’t be necessary for the company to confirm that the slowdown has ended, Cramer said. On the Tuesday earnings call, Texas Instruments reported its second consecutive quarter of declining sales. The host said the chip cycle typically lasts as many as five quarters before turning around.

Tracking and trading Texas Instruments’ stock outside of that cycle helped Cramer pay his share of rent one summer in the 1980s as he studied for the New York bar exam.

Following Texas Instruments’ conference call, the stock rose $6 before giving up those gains and more after CFO Rafael Lizardi did not give that “all clear,” Cramer said. He said that was a moment to buy call options on Texas Instruments, and he still thinks the stock is a steal at its closing price above $118 per share.

“If you wait for the cycle to actually turn, you will be way too late,” he said. “Yet, lots of people were desperate for verification from management so they dumped the stock when they didn’t get it. That’s a huge mistake.”

“Oh, and talk about the need to be ahead: Lam Research told you last quarter a bottom could be in hand for semiconductor equipment. It crushed the numbers tonight,” he added.

Cramer said the same logic applied to Apple. The stock was sitting at about $140 in early January when the iPhone maker was laboring to transform itself into a subscription services business and its now-settled royalties dispute with Qualcomm was heating up.

Shares of Apple closed north of $207 on Wednesday after making steady gains throughout the year. A large chunk of the increase came before it reached an agreement with Qualcomm more than a week ago.

Cramer said investors had to be willing to take a chance and buy Apple before the deal was made in order to reap the profits, especially because Apple did not have a 5G plan without Qualcomm’s chips.

“When the two companies reached a settlement last week, [Qualcomm stock] exploded higher — it’s still going higher — but Apple’s stock also rallied about 7 bucks,” he said. “Now, if you had waited until after the settlement, you missed some incredible moves. The big money was made before you got the all clear.”

The same principle applies to recent runs in Disney, Chipotle, and Home Depot, Cramer said.

Shares of Texas Instrument closed Wednesday at $118.43, up more than 25% from the start of the year.

“The early bird gets the worm, people,” Cramer said. “And, in this case, the early bird is the one who knows you need to buy a stock before the underlying business turns around, while the other birds are still cowering in their nests waiting for the call that will always leave them late for dinner.”

Disclosure: Cramer’s charitable trust owns shares of Apple, Walt Disney, Home Depot, and Lam Research.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: tyler clifford
Keywords: news, cnbc, companies, stock, sales, reached, instruments, qualcomm, clear, cramer, cycle, buy, gives, company, semiconductor, texas, apple


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Apple CEO Tim Cook: Europe is leading the U.S. when it comes to tech regulation

Apple CEO Tim Cook said on Tuesday that regulation in technology is becoming increasingly important, but he doesn’t trust U.S. lawmakers to take a smart approach. While European regulators have been aggressive at trying to protect consumers, “U.S. business thinks all regulation is bad regulation,” he said. Cook did not name Google and Facebook, but he has been critical of their business models in the past. Cook has also called for the Federal Trade Commission to form a “data-broker clearinghouse


Apple CEO Tim Cook said on Tuesday that regulation in technology is becoming increasingly important, but he doesn’t trust U.S. lawmakers to take a smart approach. While European regulators have been aggressive at trying to protect consumers, “U.S. business thinks all regulation is bad regulation,” he said. Cook did not name Google and Facebook, but he has been critical of their business models in the past. Cook has also called for the Federal Trade Commission to form a “data-broker clearinghouse
Apple CEO Tim Cook: Europe is leading the U.S. when it comes to tech regulation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, spencer platt, getty images, source
Keywords: news, cnbc, companies, data, europe, comes, ceo, gdpr, right, business, privacy, google, leading, apple, cook, need, regulation, tim, facebook, tech


Apple CEO Tim Cook: Europe is leading the U.S. when it comes to tech regulation

Apple CEO Tim Cook said on Tuesday that regulation in technology is becoming increasingly important, but he doesn’t trust U.S. lawmakers to take a smart approach.

At a Time Magazine conference on Tuesday, Cook said that Europe’s GDPR (General Data Protection Regulation), which aimed to give consumers greater control over their data, was a good first step though it doesn’t go far enough. He’s skeptical of the U.S. pushing in the right direction because of the anti-regulation positions taken by American businesses.

“I’m not confident, is the short version of the statement,” Cook said, when asked how confident he is that the U.S. would come up with smart, non-destructive regulations. “I think this an example where Europe is more likely to come up with something. GDPR isn’t ideal but GDPR is a step in the right direction.”

Cook has been stressing the need for regulation of late, which is often self-serving because unlike tech giants such as Google and Facebook, Apple’s existing business wouldn’t be threatened by enhanced privacy requirements. In an op-ed in Time in January, Cook called on Congress to pass “comprehensive federal privacy legislation,” a theme he continued to stress at the conference on Tuesday.

“We all have to be intellectually honest,” Cook said. “We have to admit that there’s something we’re doing isn’t working and that the technology needs to be regulated. There are now too many examples where ‘no rails’ have resulted in great damage to society.”

While European regulators have been aggressive at trying to protect consumers, “U.S. business thinks all regulation is bad regulation,” he said. “Therefore there’s lots of gravity around not doing something.”

Cook did not name Google and Facebook, but he has been critical of their business models in the past. Cook has also called for the Federal Trade Commission to form a “data-broker clearinghouse” and requiring all data brokers to register.

In Europe, both Google and Facebook have faced significant challenges related to privacy. Facebook was embroiled in a scandal around how Cambridge Analytica, a consultancy, gained the information of 87 million Facebook users. Google has been force to comply with EU laws around “the right to be forgotten,” which require it to delete personal information about users in certain circumstances.

Because the majority of Apple’s revenue comes from selling computer equipment and phones, not by targeting and selling ads, it would need to make fewer changes if comprehensive privacy regulations were enacted.

“I am hopeful and we are advocating strongly for regulation because I do not see another path at this point,” Cook said.

WATCH: Walt Mossberg on Apple’s need for big innovation


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, spencer platt, getty images, source
Keywords: news, cnbc, companies, data, europe, comes, ceo, gdpr, right, business, privacy, google, leading, apple, cook, need, regulation, tim, facebook, tech


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How to cancel your free trial of Apple News+ before it charges you $9.99

Apple launched its new all-you-can-eat magazine and news subscription service, Apple News+, on March 25. If you started to use it on that day, your free 30-day free trial is almost finished, and you’ll automatically be billed $9.99 on Thursday to continue using it for another month. It’s easy to cancel if you don’t want to continue. Apple News+ is great for people who read a lot of magazines and newspapers and who might otherwise have paid much more per month for individual subscriptions. But it


Apple launched its new all-you-can-eat magazine and news subscription service, Apple News+, on March 25. If you started to use it on that day, your free 30-day free trial is almost finished, and you’ll automatically be billed $9.99 on Thursday to continue using it for another month. It’s easy to cancel if you don’t want to continue. Apple News+ is great for people who read a lot of magazines and newspapers and who might otherwise have paid much more per month for individual subscriptions. But it
How to cancel your free trial of Apple News+ before it charges you $9.99 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: todd haselton
Keywords: news, cnbc, companies, trial, 999, magazine, yorker, charges, free, month, youll, dont, cancel, magazines, subscriptions, apple


How to cancel your free trial of Apple News+ before it charges you $9.99

Apple launched its new all-you-can-eat magazine and news subscription service, Apple News+, on March 25.

If you started to use it on that day, your free 30-day free trial is almost finished, and you’ll automatically be billed $9.99 on Thursday to continue using it for another month. It’s easy to cancel if you don’t want to continue.

Apple News+ is great for people who read a lot of magazines and newspapers and who might otherwise have paid much more per month for individual subscriptions. Access to The Wall Street Journal, The New Yorker, Vanity Fair and other magazines makes it more than worth the cost to me.

But it isn’t for everyone, especially folks who don’t want magazine subscriptions or who don’t want to be restricted to reading stories within the app.

So, if you want to cancel it, here’s what to do:


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: todd haselton
Keywords: news, cnbc, companies, trial, 999, magazine, yorker, charges, free, month, youll, dont, cancel, magazines, subscriptions, apple


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How to cancel your free trial of Apple News+ before it charges you $9.99

Apple launched its new all-you-can-eat magazine and news subscription service, Apple News+, on March 25. If you started to use it on that day, your free 30-day free trial is almost finished, and you’ll automatically be billed $9.99 on Thursday to continue using it for another month. It’s easy to cancel if you don’t want to continue. Apple News+ is great for people who read a lot of magazines and newspapers and who might otherwise have paid much more per month for individual subscriptions. But it


Apple launched its new all-you-can-eat magazine and news subscription service, Apple News+, on March 25. If you started to use it on that day, your free 30-day free trial is almost finished, and you’ll automatically be billed $9.99 on Thursday to continue using it for another month. It’s easy to cancel if you don’t want to continue. Apple News+ is great for people who read a lot of magazines and newspapers and who might otherwise have paid much more per month for individual subscriptions. But it
How to cancel your free trial of Apple News+ before it charges you $9.99 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: todd haselton
Keywords: news, cnbc, companies, magazine, trial, subscriptions, youll, month, dont, magazines, free, yorker, charges, 999, cancel, apple


How to cancel your free trial of Apple News+ before it charges you $9.99

Apple launched its new all-you-can-eat magazine and news subscription service, Apple News+, on March 25.

If you started to use it on that day, your free 30-day free trial is almost finished, and you’ll automatically be billed $9.99 on Thursday to continue using it for another month. It’s easy to cancel if you don’t want to continue.

Apple News+ is great for people who read a lot of magazines and newspapers and who might otherwise have paid much more per month for individual subscriptions. Access to The Wall Street Journal, The New Yorker, Vanity Fair and other magazines makes it more than worth the cost to me.

But it isn’t for everyone, especially folks who don’t want magazine subscriptions or who don’t want to be restricted to reading stories within the app.

So, if you want to cancel it, here’s what to do:


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: todd haselton
Keywords: news, cnbc, companies, magazine, trial, subscriptions, youll, month, dont, magazines, free, yorker, charges, 999, cancel, apple


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Qualcomm could go even higher after Apple settlement: Morgan Stanley

The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note Tuesday. That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote. The stock rose more than 20% the day it announced its settlement with Apple, and continued to climb after that. “The Apple agreement structure is very consistent with what we thought it should be (Apple


The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note Tuesday. That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote. The stock rose more than 20% the day it announced its settlement with Apple, and continued to climb after that. “The Apple agreement structure is very consistent with what we thought it should be (Apple
Qualcomm could go even higher after Apple settlement: Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, mike blake
Keywords: news, cnbc, companies, qualcomm, apple, settlement, analysts, wrote, higher, morgan, stanley, price, 5g, stock


Qualcomm could go even higher after Apple settlement: Morgan Stanley

The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note Tuesday.

That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote.

Qualcomm is already on a tear. The stock rose more than 20% the day it announced its settlement with Apple, and continued to climb after that.

Qualcomm holds critical intellectual property related to cellular networks, and equipment makers like Apple pay it royalty fees to use those so-called standards patents. In 2017, Apple sued Qualcomm, claiming that those licensing practices were unfair and anti-competitive.

Some analysts believe Qualcomm won the dispute. Apple ended up paying Qualcomm a one-time payment that has been estimated to be in the billions of dollars, and bought a license to those patents and modem chips directly from Qualcomm at a price estimated to be $8 or $9 per phone.

“The Apple agreement structure is very consistent with what we thought it should be (Apple paying a meaningful per phone royalty and returning to use Qualcomm modems),” the Morgan Stanley analysts wrote. “However, we were very surprised that Apple chose to settle now and return to what we estimate had been roughly the status quo; instead we had expected that Apple would wait to see if the courts would hand it more negotiating leverage.”

One big reason for the Qualcomm bull case is that Morgan Stanley analysts said that Qualcomm is the “key enabler” of next-generation 5G networks. Qualcomm’s chokehold on 5G modems is one reason Apple settled — otherwise, it might have been late to release a 5G iPhone, which is expected in 2020.

The analysts added: “We think Qualcomm’s new horizons in 5G opportunities are relatively cheap/free options post Apple-settlement, Qualcomm enjoys a range of underappreciated options outside handsets that have the potential in the long run to make Qualcomm perhaps the largest semiconductor company in the world.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, mike blake
Keywords: news, cnbc, companies, qualcomm, apple, settlement, analysts, wrote, higher, morgan, stanley, price, 5g, stock


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Watch Apple CEO Tim Cook speak at the TIME 100 Summit

Apple CEO Tim Cook is speaking at the TIME 100 Summit around 10:20 a.m. He’s expected to discuss innovation and leadership with former TIME Editor Nancy Gibbs. His appearance comes a week after Apple settled in court with chipmaker Qualcomm. The ending of the lengthy legal battle may allow Apple to move forward with iPhones equipped with 5G modems, which TF International Securities analyst Ming-Chi Kuo said could happen in 2020. Subscribe to CNBC on YouTube.


Apple CEO Tim Cook is speaking at the TIME 100 Summit around 10:20 a.m. He’s expected to discuss innovation and leadership with former TIME Editor Nancy Gibbs. His appearance comes a week after Apple settled in court with chipmaker Qualcomm. The ending of the lengthy legal battle may allow Apple to move forward with iPhones equipped with 5G modems, which TF International Securities analyst Ming-Chi Kuo said could happen in 2020. Subscribe to CNBC on YouTube.
Watch Apple CEO Tim Cook speak at the TIME 100 Summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, week, york, speak, ceo, 100, speaking, apple, tf, cook, tim, settled, watch, summit, youtube, securities


Watch Apple CEO Tim Cook speak at the TIME 100 Summit

Apple CEO Tim Cook is speaking at the TIME 100 Summit around 10:20 a.m. ET on Tuesday in New York City.

He’s expected to discuss innovation and leadership with former TIME Editor Nancy Gibbs. His appearance comes a week after Apple settled in court with chipmaker Qualcomm. The ending of the lengthy legal battle may allow Apple to move forward with iPhones equipped with 5G modems, which TF International Securities analyst Ming-Chi Kuo said could happen in 2020.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, week, york, speak, ceo, 100, speaking, apple, tf, cook, tim, settled, watch, summit, youtube, securities


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Qualcomm could go even higher after Apple settlement: Morgan Stanley

The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note Tuesday. That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote. The stock rose more than 20% the day it announced its settlement with Apple, and continued to climb after that. “The Apple agreement structure is very consistent with what we thought it should be (Apple


The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note Tuesday. That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote. The stock rose more than 20% the day it announced its settlement with Apple, and continued to climb after that. “The Apple agreement structure is very consistent with what we thought it should be (Apple
Qualcomm could go even higher after Apple settlement: Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, mike blake
Keywords: news, cnbc, companies, qualcomm, apple, settlement, analysts, wrote, higher, morgan, stanley, price, 5g, stock


Qualcomm could go even higher after Apple settlement: Morgan Stanley

The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note Tuesday.

That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote.

Qualcomm is already on a tear. The stock rose more than 20% the day it announced its settlement with Apple, and continued to climb after that.

Qualcomm holds critical intellectual property related to cellular networks, and equipment makers like Apple pay it royalty fees to use those so-called standards patents. In 2017, Apple sued Qualcomm, claiming that those licensing practices were unfair and anti-competitive.

Some analysts believe Qualcomm won the dispute. Apple ended up paying Qualcomm a one-time payment that has been estimated to be in the billions of dollars, and bought a license to those patents and modem chips directly from Qualcomm at a price estimated to be $8 or $9 per phone.

“The Apple agreement structure is very consistent with what we thought it should be (Apple paying a meaningful per phone royalty and returning to use Qualcomm modems),” the Morgan Stanley analysts wrote. “However, we were very surprised that Apple chose to settle now and return to what we estimate had been roughly the status quo; instead we had expected that Apple would wait to see if the courts would hand it more negotiating leverage.”

One big reason for the Qualcomm bull case is that Morgan Stanley analysts said that Qualcomm is the “key enabler” of next-generation 5G networks. Qualcomm’s chokehold on 5G modems is one reason Apple settled — otherwise, it might have been late to release a 5G iPhone, which is expected in 2020.

The analysts added: “We think Qualcomm’s new horizons in 5G opportunities are relatively cheap/free options post Apple-settlement, Qualcomm enjoys a range of underappreciated options outside handsets that have the potential in the long run to make Qualcomm perhaps the largest semiconductor company in the world.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, mike blake
Keywords: news, cnbc, companies, qualcomm, apple, settlement, analysts, wrote, higher, morgan, stanley, price, 5g, stock


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Apple’s Tim Cook says FBI case against locked iPhone was rigged

Apple CEO Tim Cook said it’s unfortunate the FBI’s case to force the company to provide data from a terrorist’s iPhone in 2016 didn’t go to trial because that way the public could have seen the truth. “Now, after the inspector general reports have come out, our worst fears have been confirmed — that it was a very rigged case to begin with,” Cook said on Tuesday. I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner.” Last year, C


Apple CEO Tim Cook said it’s unfortunate the FBI’s case to force the company to provide data from a terrorist’s iPhone in 2016 didn’t go to trial because that way the public could have seen the truth. “Now, after the inspector general reports have come out, our worst fears have been confirmed — that it was a very rigged case to begin with,” Cook said on Tuesday. I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner.” Last year, C
Apple’s Tim Cook says FBI case against locked iPhone was rigged Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, brian ach, getty images
Keywords: news, cnbc, companies, apples, case, rigged, iphone, company, trial, law, tech, locked, fbi, seen, cook, tim, apple


Apple's Tim Cook says FBI case against locked iPhone was rigged

Apple CEO Tim Cook said it’s unfortunate the FBI’s case to force the company to provide data from a terrorist’s iPhone in 2016 didn’t go to trial because that way the public could have seen the truth.

Speaking on Tuesday at a Time Magazine conference in New York, Cook was referring to the case of the San Bernadino shooter, Syed Farook, who killed 14 people and injured 22 others at the Inland Regional Center. Apple publicly opposed the FBI when it asked for access to data Farook’s work phone, saying that what law enforcement was requesting would be a “master key” capable of opening millions of iPhones

The case was dropped after the Department of Justice was able to access the iPhone days before an expected trial. The company or person who was eventually able to crack the iPhone’s security has not been made public.

“Now, after the inspector general reports have come out, our worst fears have been confirmed — that it was a very rigged case to begin with,” Cook said on Tuesday. “So I think this was not the government’s finest hour. I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner.”

The government report that Cook referenced includes passages that suggest some departments within the FBI were close to gaining the ability to crack the iPhone 5C used by Farook at the time of the Apple case but, due to miscommunication, those capabilities were never mentioned in the legal battle with Apple.

FBI leaders worry that encryption technologies from tech companies could enable criminals to delete or scramble evidence on their phones or computers, putting the information out of the reach of law enforcement investigators.

Officials refer to it as the “going dark” issue. It’s reached a stalemate in recent years as strong encryption features have been built into products from Apple, Google, Facebook, Microsoft and other big tech companies.

Last year, Cook said that Apple would fight the FBI again if the iPhone case happened a second time. On Tuesday, Cook also called for government regulations on privacy.

WATCH: FBI paid $1.3 million to hack iPhone


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, brian ach, getty images
Keywords: news, cnbc, companies, apples, case, rigged, iphone, company, trial, law, tech, locked, fbi, seen, cook, tim, apple


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs

Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said. “Short-sellers provided the ammo for today’s biggest winners: Hasbro, Qualcomm, Twitter, Kohl’s,” the “Mad Money” host said. And the shorts, Cramer said, helped the S&P 500 and Nasdaq Composite close at record highs following a collection of strong quarterly reports. Twitter was able to blow away the numbers and


Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said. “Short-sellers provided the ammo for today’s biggest winners: Hasbro, Qualcomm, Twitter, Kohl’s,” the “Mad Money” host said. And the shorts, Cramer said, helped the S&P 500 and Nasdaq Composite close at record highs following a collection of strong quarterly reports. Twitter was able to blow away the numbers and
Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, twitter, record, company, share, kohls, stocks, bolstered, qualcomm, investors, markets, stock, betting, cramer, highs, hasbro, shorts, apple


Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs

Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said.

Each stock saw double-digit percentage gains during the session, with the exception of Qualcomm, although the company touched a 52-week high in the session.

“Short-sellers provided the ammo for today’s biggest winners: Hasbro, Qualcomm, Twitter, Kohl’s,” the “Mad Money” host said. “Their pain is your gain.”

Short-sellers, whose strategy is to borrow a company’s shares and turn a profit if its price falls, tend to push a stock even higher if their prediction backfires, as they rush to sell and mitigate their losses.

And the shorts, Cramer said, helped the S&P 500 and Nasdaq Composite close at record highs following a collection of strong quarterly reports. The Dow Jones Industrial Average added 155 points.

“Days like today remind us that short-sellers can serve as rocket fuel for a bull market,” Cramer said. “In other words, when the shorts finally throw in the towel and give up on the stocks they love to hate, these stocks tend to explode higher.”

Hasbro, the company behind iconic products such as Monopoly, G.I. Joe, and Furby, gained more than 14% Tuesday after shocking analysts with its earnings announcement. The toymaker delivered a quarterly profit of 21 cents per share, in stark contrast to the 11 cents per share loss that was expected.

While the closure of Toys R Us was a “disruption” to Hasbro’s operations and left it with extra inventory, CEO Brian Goldner told Cramer in a February interview that the company had worked out those challenges. Furthermore, Ollie’s Bargain Outlet CEO Mark Butler, Cramer pointed out, said in a separate interview that business had never been better in part because it picked up toy market share by taking Toys R Us inventory.

“That was your all-clear for Hasbro. It’s when the stock went from being an annuity short to a terrific long, like it used to be,” Cramer said. “And I bet Hasbro’s got a lot more room to run. Remember, they have licensing deals with Disney, meaning they’re gonna make a killing from the new “Avengers” movie … and the new “Star Wars” out later this year.”

Qualcomm caught a spark after settling a royalty dispute with Apple and ending ongoing legal battles between the companies. The deal included an agreement which likely means that Apple will buy chips from Qualcomm for future iPhones.

Qualcomm traded as high as $87.96 Tuesday before finishing at $86.72.

“The smart money was betting that Apple would win because so many companies have challenged Qualcomm for monopolistic pricing over the years,” Cramer said. “Qualcomm’s a fabulous company and without the Apple case weighing on its stock, it deserves to go still higher — especially since Apple’s going to keep buying their chips for the iPhone.”

Cramer said Twitter has been a tough stock to own, but it made one of the biggest moves Tuesday after the company reported earnings of 37 cents per share, more than double what analysts expected. The social media platform improved its advertising and sports programs in the quarter, the host said.

Twitter was able to blow away the numbers and could get more upgrades along the way, Cramer said.

Kohl’s has been facing the same troubles that has plagued other retailers, but the shorts didn’t expect the department chain to expand its return program with Amazon to all of its 1,100 locations. On top of that, Amazon took a 1% stake in the company, Cramer added.

“It’s a homerun, people. Talk about if you can’t beat ’em, join ’em. That’s why Kohl’s vaulted nearly 12% today. The shorts were crushed. It’s not done,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, twitter, record, company, share, kohls, stocks, bolstered, qualcomm, investors, markets, stock, betting, cramer, highs, hasbro, shorts, apple


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Apple’s Tim Cook says FBI case against locked iPhone was rigged

Apple CEO Tim Cook said it’s unfortunate the FBI’s case to force the company to provide data from a terrorist’s iPhone in 2016 didn’t go to trial because that way the public could have seen the truth. “Now, after the inspector general reports have come out, our worst fears have been confirmed — that it was a very rigged case to begin with,” Cook said on Tuesday. I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner.” Last year, C


Apple CEO Tim Cook said it’s unfortunate the FBI’s case to force the company to provide data from a terrorist’s iPhone in 2016 didn’t go to trial because that way the public could have seen the truth. “Now, after the inspector general reports have come out, our worst fears have been confirmed — that it was a very rigged case to begin with,” Cook said on Tuesday. I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner.” Last year, C
Apple’s Tim Cook says FBI case against locked iPhone was rigged Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, brian ach, getty images
Keywords: news, cnbc, companies, apples, case, rigged, iphone, company, trial, law, tech, locked, fbi, seen, cook, tim, apple


Apple's Tim Cook says FBI case against locked iPhone was rigged

Apple CEO Tim Cook said it’s unfortunate the FBI’s case to force the company to provide data from a terrorist’s iPhone in 2016 didn’t go to trial because that way the public could have seen the truth.

Speaking on Tuesday at a Time Magazine conference in New York, Cook was referring to the case of the San Bernadino shooter, Syed Farook, who killed 14 people and injured 22 others at the Inland Regional Center. Apple publicly opposed the FBI when it asked for access to data Farook’s work phone, saying that what law enforcement was requesting would be a “master key” capable of opening millions of iPhones

The case was dropped after the Department of Justice was able to access the iPhone days before an expected trial. The company or person who was eventually able to crack the iPhone’s security has not been made public.

“Now, after the inspector general reports have come out, our worst fears have been confirmed — that it was a very rigged case to begin with,” Cook said on Tuesday. “So I think this was not the government’s finest hour. I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner.”

The government report that Cook referenced includes passages that suggest some departments within the FBI were close to gaining the ability to crack the iPhone 5C used by Farook at the time of the Apple case but, due to miscommunication, those capabilities were never mentioned in the legal battle with Apple.

FBI leaders worry that encryption technologies from tech companies could enable criminals to delete or scramble evidence on their phones or computers, putting the information out of the reach of law enforcement investigators.

Officials refer to it as the “going dark” issue. It’s reached a stalemate in recent years as strong encryption features have been built into products from Apple, Google, Facebook, Microsoft and other big tech companies.

Last year, Cook said that Apple would fight the FBI again if the iPhone case happened a second time. On Tuesday, Cook also called for government regulations on privacy.

WATCH: FBI paid $1.3 million to hack iPhone


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kif leswing, brian ach, getty images
Keywords: news, cnbc, companies, apples, case, rigged, iphone, company, trial, law, tech, locked, fbi, seen, cook, tim, apple


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post