Cramer: Disney’s stock ‘is just an annuity stream’

Following a record breaking opening weekend for “The Lion King,” CNBC’s Jim Cramer said the Disney’s stock is an insurance play for investors. “Disney is just an annuity stream,” Cramer said on “Squawk on the Street” on Monday. Disney’s stock has been on a tear this year, climbing nearly 30%, on the back of announcing Disney’s new streaming service, Disney+, and releasing several recording-breaking films. Cramer said Disney’s stock can continue to rise as he wonders is the company’s chief Bob Ig


Following a record breaking opening weekend for “The Lion King,” CNBC’s Jim Cramer said the Disney’s stock is an insurance play for investors. “Disney is just an annuity stream,” Cramer said on “Squawk on the Street” on Monday. Disney’s stock has been on a tear this year, climbing nearly 30%, on the back of announcing Disney’s new streaming service, Disney+, and releasing several recording-breaking films. Cramer said Disney’s stock can continue to rise as he wonders is the company’s chief Bob Ig
Cramer: Disney’s stock ‘is just an annuity stream’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, disney, annuity, stream, opening, weekend, cramer, lion, stock, street, disneys, king, tomatoes


Cramer: Disney's stock 'is just an annuity stream'

Following a record breaking opening weekend for “The Lion King,” CNBC’s Jim Cramer said the Disney’s stock is an insurance play for investors.

“Disney is just an annuity stream,” Cramer said on “Squawk on the Street” on Monday.

Disney’s stock has been on a tear this year, climbing nearly 30%, on the back of announcing Disney’s new streaming service, Disney+, and releasing several recording-breaking films. This past weekend, “The Lion King” earned an estimated $185 million in the U.S., the highest opening in July ever. The reimagining of the 1994 classic follows Disney’s release of “Avengers: Endgame,” which was crowned the highest-grossing film of all time.

“This movie machine is extraordinary,” said Cramer. “There was not, that I saw, a good review of Lion King and it just didn’t matter.”

“The Lion King” broke records despite garnering a Rotten Tomatoes score of 55% from 260 reviews heading into opening weekend. Critics had mixed feelings about the movie, with some calling the film’s musical numbers boring. The Rotten Tomatoes audience score was 89% on Sunday.

Cramer said Disney’s stock can continue to rise as he wonders is the company’s chief Bob Iger has “something up his sleeve” with the rollout of the company’s streaming service later this year. “If Disney+, if ESPN+, if any one of those shows good news, Disney’s stock can continue to go up,” said Cramer.

Disney is well-liked on Wall Street, with 68% of analysts giving the stock a “buy” rating. Disney also pays a 1.25% dividend yield. An annuity is a type of investment which pays a fixed sum of money over a set period of time.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, disney, annuity, stream, opening, weekend, cramer, lion, stock, street, disneys, king, tomatoes


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: Trump is ‘hungry for tariffs’ and trade talks are one tweet away from ‘blowing up’

CNBC’s Jim Cramer said Monday that the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on. The Chinese are ‘one tweet away from blowing it up, ” Cramer said on “Squawk on the Street. ” The increased purchases would not only help cut the U.S. trade deficit with China but assist farmers, as Trump seeks reelection in 2020. Trump in May slapped 25% tariffs on $200 billion worth of Chinese goods and has threatened duties on an additional $3


CNBC’s Jim Cramer said Monday that the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on. The Chinese are ‘one tweet away from blowing it up, ” Cramer said on “Squawk on the Street. ” The increased purchases would not only help cut the U.S. trade deficit with China but assist farmers, as Trump seeks reelection in 2020. Trump in May slapped 25% tariffs on $200 billion worth of Chinese goods and has threatened duties on an additional $3
Cramer: Trump is ‘hungry for tariffs’ and trade talks are one tweet away from ‘blowing up’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, additional, talks, tariffs, trump, hungry, blowing, away, chinese, better, china, goods, billion, cramer, trade


Cramer: Trump is 'hungry for tariffs' and trade talks are one tweet away from 'blowing up'

CNBC’s Jim Cramer said Monday that the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on.

The Chinese are ‘one tweet away from blowing it up, ” Cramer said on “Squawk on the Street. ” Beijing has yet to purchase American goods as agreed upon, he added.

Last week, President Donald Trump tweeted that China “is letting us down” by not buying the goods “that they said they would.” The increased purchases would not only help cut the U.S. trade deficit with China but assist farmers, as Trump seeks reelection in 2020.

“We’re about to get tariffs any day now,” Cramer added. “I don’t think people realize the president is hungry for tariffs.”

Trump in May slapped 25% tariffs on $200 billion worth of Chinese goods and has threatened duties on an additional $325 billion of goods as trade negotiations continue. The additional tariffs would effectively cover all Chinese imports in the United States.

But Washington agreed to hold off on raising levies as long as China would buy more U.S. agricultural products, after the leaders of the world’s two largest economies met last month.

And it’s a move that Cramer doesn’t think Trump will hold onto much longer.

“They (Chinese leaders) better stop playing politics and better start ordering, because most of the industrial companies that I talk to are ready for the next big increase, maybe within the next two weeks,” the “Mad Money ” host said. “We’re about to get tariffs of $300 billion any day now.”

A White House spokesman was not immediately available for comment.

The tariffs have been costly for Beijing, with China reporting last week that it grew just 6.2% in its second quarter. It’s the weakest rate reported in at least 27 years, according to the country’s statistics bureau.

“They better stop playing politics and start ordering,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, additional, talks, tariffs, trump, hungry, blowing, away, chinese, better, china, goods, billion, cramer, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Jim Cramer: Samsung wants to leapfrog Huawei in 5G infrastructure

Jim Cramer: Samsung wants to leapfrog Huawei in 5G infrastructure20 Hours AgoHuawei suppliers are expected to meet at the White House on Monday to talk about doing business with the Chinese telecom giant. CNCB’s Jim Cramer and Carl Quintanilla discuss.


Jim Cramer: Samsung wants to leapfrog Huawei in 5G infrastructure20 Hours AgoHuawei suppliers are expected to meet at the White House on Monday to talk about doing business with the Chinese telecom giant. CNCB’s Jim Cramer and Carl Quintanilla discuss.
Jim Cramer: Samsung wants to leapfrog Huawei in 5G infrastructure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: justin solomon
Keywords: news, cnbc, companies, 5g, quintanilla, leapfrog, talk, white, suppliers, infrastructure, samsung, cramer, meet, jim, wants, telecom, huawei


Jim Cramer: Samsung wants to leapfrog Huawei in 5G infrastructure

Jim Cramer: Samsung wants to leapfrog Huawei in 5G infrastructure

20 Hours Ago

Huawei suppliers are expected to meet at the White House on Monday to talk about doing business with the Chinese telecom giant. CNCB’s Jim Cramer and Carl Quintanilla discuss.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: justin solomon
Keywords: news, cnbc, companies, 5g, quintanilla, leapfrog, talk, white, suppliers, infrastructure, samsung, cramer, meet, jim, wants, telecom, huawei


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: President Trump is hungry for tariffs

Cramer: President Trump is hungry for tariffs10:12 AM ET Mon, 22 July 2019CNCB’s Jim Cramer and Carl Quintanilla discusses how the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on.


Cramer: President Trump is hungry for tariffs10:12 AM ET Mon, 22 July 2019CNCB’s Jim Cramer and Carl Quintanilla discusses how the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on.
Cramer: President Trump is hungry for tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22
Keywords: news, cnbc, companies, tariffs, placing, quintanilla, yearlong, tariffs1012, president, cramer, war, trade, hungry, trump


Cramer: President Trump is hungry for tariffs

Cramer: President Trump is hungry for tariffs

10:12 AM ET Mon, 22 July 2019

CNCB’s Jim Cramer and Carl Quintanilla discusses how the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on.


Company: cnbc, Activity: cnbc, Date: 2019-07-22
Keywords: news, cnbc, companies, tariffs, placing, quintanilla, yearlong, tariffs1012, president, cramer, war, trade, hungry, trump


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer’s rundown of earnings next week: Buy Chipotle, watch Whirlpool and steer clear of Alphabet

Here is Cramer’s game plan for the trading week of July 22:Monday: Halliburton; WhirlpoolHalliburton: The oil service company reports earnings before the market opens. Coca-Cola: The iconic drink maker reports earnings in the morning. Tesla: Tesla reports earnings after the bell. Starbucks: The seemingly ubiquitous coffee chain reports earnings after the close. “I recommend buying it into any dip next week,” Cramer said.


Here is Cramer’s game plan for the trading week of July 22:Monday: Halliburton; WhirlpoolHalliburton: The oil service company reports earnings before the market opens. Coca-Cola: The iconic drink maker reports earnings in the morning. Tesla: Tesla reports earnings after the bell. Starbucks: The seemingly ubiquitous coffee chain reports earnings after the close. “I recommend buying it into any dip next week,” Cramer said.
Cramer’s rundown of earnings next week: Buy Chipotle, watch Whirlpool and steer clear of Alphabet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: tyler clifford
Keywords: news, cnbc, companies, watch, earnings, tesla, stock, whirlpool, rundown, week, cramers, cramer, results, market, chipotle, bell, reports, think, steer, clear, buy


Cramer's rundown of earnings next week: Buy Chipotle, watch Whirlpool and steer clear of Alphabet

Wall Street is preparing for a big week of earnings that will offer a better read of the apparent economic slowdown, CNBC’s Jim Cramer said Friday. During Friday’s session, the Dow Jones Industrial Average slid nearly 69 points. The S&P 500 and Nasdaq Composite also slipped 0.62% and 0.74%, respectively, as the market digested a full week of the latest quarterly results. The two latter indexes posted their worst weeks since May. “You need to understand that we’re about to embark on the busiest week of the year for industrial earnings,” the “Mad Money” host said. “We’ll be flooded with new information, and if you can’t handle it or handle all the noise … this might be the perfect week to take your summer vacation.” Here is Cramer’s game plan for the trading week of July 22:

Monday: Halliburton; Whirlpool

Halliburton: The oil service company reports earnings before the market opens. Cramer thinks the results will be suboptimal. Halliburton could signal a stronger second half of the year, Cramer said, “but this market is not the least but sanguine about oil.” Whirlpool: Whirlpool’s results come after the bell. Cramer also thinks the report will be subpar, but says the company could offer key details about the consumer. “The banks have told us that the consumer is flush,” he said. “Whirlpool’s washer and dryer sales are going to tell a better tale.”

Tuesday: United Technologies; Coca-Cola; Chipotle; Visa

United Technologies: United Technologies has an earnings call before trading starts. Cramer said he expects to hear a good story from management, but some on Wall Street are skeptical of the plan to merge with Raytheon. “I think it’s a good move for United Technologies, but [CEO Greg] Hayes has got to come out on this call and flesh out why he thinks this deal is worth doing,” he said. Coca-Cola: The iconic drink maker reports earnings in the morning. Cramer is bullish on the stock. “This is not an exciting stock. It’s just a stock that kind of goes up over time,” he said. Chipotle: Chipotle will hold a conference call after the market closes. “I’d recommend buying some before the quarter and some after, just in case it pulls back,” Cramer said. Visa: Visa reports earnings after the market closes. “This stock is an erratic trader. It often sells off on even the best of reports, giving you the single finest moment to pick some up into weakness,” Cramer said.

Wednesday: Boeing; Caterpillar; Tesla; Facebook; PayPal; Xilinx; ServiceNow

Boeing: The airplane manufacturer, which has weathered months of controversy, reports earnings in the morning. Boeing said Thursday it would take a $4.9 billion charge for its 737 Max plane challenges. “It is hard to quantify the money that’s involved with this kind of problem, but this charge, I think, gives you some certainty,” Cramer said. “That makes Boeing’s quarter a lot less risky, as far as I’m concerned.” Caterpillar: The heavy-machinery manufacturer delivers its latest results prior to the bell. “I think CAT’s a buy ahead of the report. And then I’d double down more after we see the numbers,” Cramer said. Tesla: Tesla reports earnings after the bell. Investors are wondering if the company is making money, Cramer said. “People get mad at me because I won’t take a stand on Tesla, but I simply think it’s a cult stock and cult stocks are hard to game,” he said. Facebook: The internet conglomerate reports results when markets close. “Remember, a year ago, it was really the darkest time for Facebook,” Cramer said. “But, in the end, I don’t think Facebook’s business has been hurt at all … because the advertisers still love it.” PayPal: PayPal, which Cramer called the “king of payments,” has an earnings call after the bell. “PayPal’s stock tends to stall out after earnings, especially when it’s had a big run going into the quarter,” Cramer said. “If you’re going to buy PayPal, I have to suggest … that you wait until after it reports.” Xilinx: Xilinx reports earnings after stocks stop trading. “Listen closely to this one,” Cramer said. “They may know more than anyone else about what the Chinese are thinking.” ServiceNow: ServiceNow also reports after the market close.

Thursday: 3M; Amazon; Alphabet; Starbucks

3M: 3M has a conference call scheduled before the bell. The company has been plagued by water pollution issues. Amazon: The retail giant reports earnings after the market closes. “I’ll be paying more attention to Amazon Web Services … to see if it can match the strength of Microsoft’s competing Azure platform, which was extraordinary, ” Cramer said. Alphabet: The Google-parent also delivers results after the closing bell. “It’s been a bummer to own going into almost every quarter that I can recall these times,” the host said. Starbucks: The seemingly ubiquitous coffee chain reports earnings after the close. It’s one of six stocks that Cramer says investors can’t get enough of. “I want to emphasize that when this stock runs into earnings, and it has really run into earnings, it tends to be a disappointment,” he said.

Friday: McDonald’s

McDonald’s: Shareholders will hear the latest results from McDonald’s in the morning. “I recommend buying it into any dip next week,” Cramer said.

WATCH: Cramer discusses the week ahead in earnings


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: tyler clifford
Keywords: news, cnbc, companies, watch, earnings, tesla, stock, whirlpool, rundown, week, cramers, cramer, results, market, chipotle, bell, reports, think, steer, clear, buy


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer to Trump: More US companies blame tariffs than the Fed for the slowing economy

Companies are blaming President Donald Trump’s use of tariffs, not Federal Reserve rates, as the reason behind the slowing U.S. economy, CNBC’s Jim Cramer said Friday. “Most of the companies I’ve talked to, Mr. President, are saying [the slowdown] is because of your tariffs,” Cramer said on “Squawk on the Street. ” “I’m not hearing people blame the Fed as much as they’re blaming tariffs.” Even though Wall Street is considering a Fed cut to be almost certain later this month, it’s Trump’s tariffs


Companies are blaming President Donald Trump’s use of tariffs, not Federal Reserve rates, as the reason behind the slowing U.S. economy, CNBC’s Jim Cramer said Friday. “Most of the companies I’ve talked to, Mr. President, are saying [the slowdown] is because of your tariffs,” Cramer said on “Squawk on the Street. ” “I’m not hearing people blame the Fed as much as they’re blaming tariffs.” Even though Wall Street is considering a Fed cut to be almost certain later this month, it’s Trump’s tariffs
Cramer to Trump: More US companies blame tariffs than the Fed for the slowing economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, street, cut, president, trumps, companies, blame, central, trump, tariffs, fed, economy, slowing, cramer


Cramer to Trump: More US companies blame tariffs than the Fed for the slowing economy

Companies are blaming President Donald Trump’s use of tariffs, not Federal Reserve rates, as the reason behind the slowing U.S. economy, CNBC’s Jim Cramer said Friday.

“Most of the companies I’ve talked to, Mr. President, are saying [the slowdown] is because of your tariffs,” Cramer said on “Squawk on the Street. ” “I’m not hearing people blame the Fed as much as they’re blaming tariffs.”

Cramer’s reaction was to Trump’s tweets Friday morning, saying the central bank should end its “crazy” tightening moves.

Trump has been a vocal critic of the Fed and its chairman, Jerome Powell, whom he nominated, since central bankers raised interest rates four times last year. The president has repeatedly called for the Fed to cut rates.

That’s a move that Wall Street thought New York Fed President John Williams was indicating Thursday, after he said the central bank needed to “act quickly” in times of economic distress. However, a spokesperson later said Williams was drawing from research, not hinting at what may happen at this month’s meeting.

Even though Wall Street is considering a Fed cut to be almost certain later this month, it’s Trump’s tariffs that companies are remembering, Cramer said. “People have forgotten the December hike,” which happened when markets were melting down at the end of 2018.

The president is “going to have the rate cut,” predicted the “Mad Money” host. “Don’t rub it in Powell’s face anymore.”

Washington and Beijing have been engaged in a trade war for the past year, and each side has stepped up retaliatory measures on one another in the past few months. Trump slapped 25% tariffs on $200 billion worth of Chinese goods in May, and he continues to threaten duties on an additional $325 billion of goods.

Meanwhile, multinational companies are moving production out of China instead of waiting for a resolution, a costly measure with training and building infrastructure.

It’s been a costly move for the world’s second largest economy, with China reporting it grew just 6.2% in its second quarter. This coincides with a global economic slowdown, debt ceiling negotiations and a lack of inflationary pressures, all putting stress on the U.S. economy.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, street, cut, president, trumps, companies, blame, central, trump, tariffs, fed, economy, slowing, cramer


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: Netflix went from ‘easy money to hard money’ in one fell swoop

In one fell swoop, Netflix went from easy money to hard money,” the “Mad Money” host said. Netflix shares surged in January after the video platform announced that it would raise prices between 13% and 18%. “I have a very simple rule of thumb, here in Cramerica: Always go for the easy money not the hard money, no matter how much you might be tempted.” And if you have to guess, it’s no longer easy money, it’s hard,” the host said. And I’d much rather chase easy money every day of the week than ha


In one fell swoop, Netflix went from easy money to hard money,” the “Mad Money” host said. Netflix shares surged in January after the video platform announced that it would raise prices between 13% and 18%. “I have a very simple rule of thumb, here in Cramerica: Always go for the easy money not the hard money, no matter how much you might be tempted.” And if you have to guess, it’s no longer easy money, it’s hard,” the host said. And I’d much rather chase easy money every day of the week than ha
Cramer: Netflix went from ‘easy money to hard money’ in one fell swoop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: tyler clifford
Keywords: news, cnbc, companies, maybe, host, fell, netflix, cramer, services, price, shares, went, easy, money, swoop, hard


Cramer: Netflix went from 'easy money to hard money' in one fell swoop

The once-consistent Netflix has “suddenly become erratic” as investors grapple with the company’s second-quarter subscriber woes, CNBC’s Jim Cramer said Thursday.

The share price tumbled more than 10% during the session and the reaction from portfolio managers influenced moves in the rest of the market as the averages digested earnings, he said. The Dow Jones Industrial Average added a little more than 3 points, snapping a two-day losing streak. The S&P 500 gained 0.36% and the Nasdaq Composite rose 0.27%.

“We’ve seen Netflix stumble before, especially maybe after a price hike, but not quite like this. In one fell swoop, Netflix went from easy money to hard money,” the “Mad Money” host said. “In a single quarter, Wall Street went from sanguine to skeptical.”

Netflix shares surged in January after the video platform announced that it would raise prices between 13% and 18%. A basic plan was increased to $9 from $8 and its most expensive plan increased to $16 from $14.

The domestic subscription based shrunk by 126,000 in the second quarter, which Netflix attributed to multiple factors including regional price increases and a “pull-forward effect” from the first quarter.

“I’ll blame myself. I got it wrong,” Cramer said. “We thought Netflix was the kind of company that could raise prices with impunity. If that’s not the case, we need to take it out of the bin of consistency and put it in the bin of the episodic and perhaps even, heaven forbid, dispensable.”

Netflix also faces more competition from companies such as Disney and Comcast-subsidiary NBCUniversal, who have plans to launch their own streaming services and pull their respective popular TV shows “The Office” and “Friends” from the platform. Last month, Cramer ranked Netflix second to Disney on his list of the top seven streaming services to invest in.

For the amount of content that consumers can get on Netflix, the host said he thought a price increase would not have a negative impact on the subscriber base.

“This makes it a much less compelling story,” he said. “I have a very simple rule of thumb, here in Cramerica: Always go for the easy money not the hard money, no matter how much you might be tempted.”

Cramer said that Netflix can no longer be compared to the likes of Costco, Amazon Prime, Spotify or Apple, who all offer services people are willing to pay for “without thinking about it.” He’s not alone: Gene Munster, founding partner of Loup Ventures, said he thinks the company’s best days are behind it.

“If it’s not part of that club, you have to guess how much people are willing to shell out what they’re paying. And if you have to guess, it’s no longer easy money, it’s hard,” the host said.

Netflix’s stock price lost more than 37 points, closing down Thursday at $325.21 per share. Shares are up more than 21% in 2019, but down more than 13% in the past year.

“I’m not saying it’s a bad story, maybe it’s already making a comeback,” Cramer said. But, then again, maybe it’s not — and that’s why it’s hard money. And I’d much rather chase easy money every day of the week than hard money ever.”

Disclosure: Cramer’s charitable trust owns shares of Amazon, Apple, Disney and Comcast. NBCUniversal is the parent company of CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: tyler clifford
Keywords: news, cnbc, companies, maybe, host, fell, netflix, cramer, services, price, shares, went, easy, money, swoop, hard


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Facebook needs to drop Libra and buy Square, Jim Cramer says

Facebook should ditch its cryptocurrency project and buy Square, the payments platform run by Twitter CEO Jack Dorsey that has a $34.2 billion market cap and an established bitcoin play, CNBC’s Jim Cramer said Wednesday. Facebook should just drop the concept, Cramer said. “It’s clearly doing more harm than good,” the “Mad Money” host said, addressing the message beyond viewers and to Facebook leadership. “Instead, just take some of your money, you want to get into payments, just go buy Square [f


Facebook should ditch its cryptocurrency project and buy Square, the payments platform run by Twitter CEO Jack Dorsey that has a $34.2 billion market cap and an established bitcoin play, CNBC’s Jim Cramer said Wednesday. Facebook should just drop the concept, Cramer said. “It’s clearly doing more harm than good,” the “Mad Money” host said, addressing the message beyond viewers and to Facebook leadership. “Instead, just take some of your money, you want to get into payments, just go buy Square [f
Facebook needs to drop Libra and buy Square, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: tyler clifford
Keywords: news, cnbc, companies, money, buy, cryptocurrency, drop, square, market, facebook, libra, needs, billion, payments, cramer, jim


Facebook needs to drop Libra and buy Square, Jim Cramer says

Facebook should ditch its cryptocurrency project and buy Square, the payments platform run by Twitter CEO Jack Dorsey that has a $34.2 billion market cap and an established bitcoin play, CNBC’s Jim Cramer said Wednesday.

Cramer was initially a fan of the social media giant’s planned foray into the digital money market with its announced Libra coin, but changed course after seeing Big Tech get grilled in antitrust hearings on Capitol Hill. Facebook should just drop the concept, Cramer said.

“It’s clearly doing more harm than good,” the “Mad Money” host said, addressing the message beyond viewers and to Facebook leadership. “Instead, just take some of your money, you want to get into payments, just go buy Square [for] $70 billion … [and] blow out Square’s payments network worldwide. Square Cash is going to be Facebook Cash.”

In June Facebook announced Libra, a collaborative effort between international organizations, which has drawn skepticism from officials in Washington, D.C., including President Donald Trump and both sides of the aisle. The cryptocurrency was a primary focus of the company’s head of global policy development, Matt Perault’s, appearance in front of the House Judiciary Committee’s antitrust panel earlier this week.

The hearing, which included executives from Apple, Alphabet’s Google and Amazon, follows a $5 billion fine the Federal Trade Commission issued to Facebook for privacy issues.

“If [Facebook would] simply bring in some unassailable outside counsel with real credibility … then maybe the government would allow them to self-regulate again,” Cramer said. He said he’s still not worried about the company in part “because their Instagram business is on fire.”


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: tyler clifford
Keywords: news, cnbc, companies, money, buy, cryptocurrency, drop, square, market, facebook, libra, needs, billion, payments, cramer, jim


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: Sam Adams-parent Boston Beer is the comeback stock to own

CNBC’s Jim Cramer on Wednesday recommended investors buy into the turnaround story of Boston Beer Company. Sam Adams’ growth slowed dramatically in 2015 followed by two years of declines, and Cramer said he gave up on it when the stock crumbled. “That’s what makes Boston Beer’s comeback so stunning,” Cramer said. Boston Beer has run more than 60% year to date, pulling back from an all-time high of $401.05 — set Monday. “I think Boston Beer’s run so much that it could sell off hard next week,” Cr


CNBC’s Jim Cramer on Wednesday recommended investors buy into the turnaround story of Boston Beer Company. Sam Adams’ growth slowed dramatically in 2015 followed by two years of declines, and Cramer said he gave up on it when the stock crumbled. “That’s what makes Boston Beer’s comeback so stunning,” Cramer said. Boston Beer has run more than 60% year to date, pulling back from an all-time high of $401.05 — set Monday. “I think Boston Beer’s run so much that it could sell off hard next week,” Cr
Cramer: Sam Adams-parent Boston Beer is the comeback stock to own Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: tyler clifford
Keywords: news, cnbc, companies, adamsparent, truly, boston, comeback, sam, beers, beer, growth, stock, hard, cramer, sell, adams


Cramer: Sam Adams-parent Boston Beer is the comeback stock to own

CNBC’s Jim Cramer on Wednesday recommended investors buy into the turnaround story of Boston Beer Company.

The Samuel Adams beer maker, after years of declining revenue, has seen its share price more than double and break above $400 in “one of the most spectacular comebacks I’ve ever witnessed,” the “Mad Money” host said.

“Losing stocks can become winners again when bold management makes smart decisions and bites the bullet,” he said. “I think this is an important story because it shows you how companies that were written off and left for dead can, indeed, make themselves relevant again if they have great management.”

Sam Adams, Boston Beer’s flagship brand, posted double digit growth as high as 27% in the early 2010s until smaller craft breweries opened across the country and began attracting attention. Sam Adams’ growth slowed dramatically in 2015 followed by two years of declines, and Cramer said he gave up on it when the stock crumbled.

In 2017, CEO Martin Roper retired and Boston Beer began investing in marketing and product development outside the slowing beer category, which included focusing on the popular Angry Orchard Cider and Twisted Tea business segments and launching the hard seltzer brand Truly. Truly is the “pillar of the turnaround” and it’s paying off, Cramer said.

Dave Burwick, a Boston Beer board member and former chief of Peet’s Coffee, became CEO of the company in February 2018, and founder Jim Koch stayed on as chairman to help guide the ship.

In an April conference call, Burwick told shareholders, “Truly continues to grow beyond our expectations. We’re expanding distribution across all channels and improving our position as a leader in hard seltzer as more competitors enter the category.”

“That’s what makes Boston Beer’s comeback so stunning,” Cramer said. It’s risky, but “Boston Beer understood that you can’t be a growth company unless you’re willing to spend money to improve your business.”

In April 2018, sales of the aforementioned non-beer bottles helped offset the continued losses in Sam Adams, and Boston Beer saw its stock gain $100 per share, reaching $300 by the end of June 2018.

“The key metric in the spirits industry is called depletions — shipments to retailers — and Boston Beer’s depletions were up 8%, and that translated to almost 18% revenue growth,” Cramer said.

Skeptics were still abound. The stock fell during the marketwide fourth-quarter selloff, and UBS in December gave it a sell rating at a $228 price target. Shares bottomed below $231 in January and again climbed above $300 in March. Goldman Sachs downgraded the equity to sell in April, but shares closed Wednesday’s session above $390.

Boston Beer has run more than 60% year to date, pulling back from an all-time high of $401.05 — set Monday.

“I don’t want to give anyone a hard time, though, on this one because I missed it, too,” Cramer said. “But they keep proving the skeptics wrong … every step of the way.”

Last week, Guggenheim upped its price target to $421, predicting more years of successful growth on the back of Truly.

Cramer thinks the stock is too expensive trading at 39-times next year’s earnings estimates, but an opportunity to buy may be on the horizon.

“I think Boston Beer’s run so much that it could sell off hard next week,” Cramer said. “If that happens, use the weakness to do some buying. Otherwise, keep your bat on your shoulder and wait for another pitch.”


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: tyler clifford
Keywords: news, cnbc, companies, adamsparent, truly, boston, comeback, sam, beers, beer, growth, stock, hard, cramer, sell, adams


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: We have ‘real reason to be worried’ about the global economy

The market “threw us a bit of a curve ball” Tuesday as investors avoided reliable defensive stocks even after Wall Street received critical evidence that the global economy is stumbling, CNBC’s Jim Cramer said. “Now we’ve got real concern, real reason to be worried. “It flowed into the stocks of tech companies with fast growth that do not need a strong economy to make the numbers. Cramer also pointed to defense technology and medical technology stocks such as L3harris Technologies and Edwards Li


The market “threw us a bit of a curve ball” Tuesday as investors avoided reliable defensive stocks even after Wall Street received critical evidence that the global economy is stumbling, CNBC’s Jim Cramer said. “Now we’ve got real concern, real reason to be worried. “It flowed into the stocks of tech companies with fast growth that do not need a strong economy to make the numbers. Cramer also pointed to defense technology and medical technology stocks such as L3harris Technologies and Edwards Li
Cramer: We have ‘real reason to be worried’ about the global economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: tyler clifford
Keywords: news, cnbc, companies, reason, growth, cramer, worried, real, goods, companies, money, global, stocks, investors, forecast, economy


Cramer: We have 'real reason to be worried' about the global economy

The market “threw us a bit of a curve ball” Tuesday as investors avoided reliable defensive stocks even after Wall Street received critical evidence that the global economy is stumbling, CNBC’s Jim Cramer said.

BASF, the gigantic German chemical manufacturer connected to the semiconductor, autos, pesticides and consumer products industries, revealed Monday that it may need to cut its full-year earnings forecast by 30%. The company blamed low car and crop sales, along with the U.S.-China trade war.

Cramer called the dim outlook “a very big deal.”

“Now we’ve got real concern, real reason to be worried. While the Federal Reserve believes business is strong because we just got a terrific labor report last Friday,” the “Mad Money” host said, “the weak forecast from chemical giant BASF suggests that the global economy might be in rougher shape than that employment number might indicate.”

When industrial companies begin to falter, money managers usually put their money into the safe, consumer packaged goods sector because those consistent names tend to perform well even when the economy is slowing down. But Cramer said it was surprising to see PepsiCo, which reported solid quarterly results Tuesday morning and maintained its forecast, fall 0.62% during the session.

Pepsi’s action impacted the rest of the soft goods sector, he added.

“Suddenly, we lost our favorite place to hide in a BASF-highlighted slowdown,” Cramer said. “It flowed into the stocks of tech companies with fast growth that do not need a strong economy to make the numbers. These tech companies are all about making other businesses more productive, either using the cloud or big data or analytics, [and] will do fine in a slowdown.”

Money spilled into cybersecurity stocks like Fortinet, Palo Alto Network and Okta, Cramer said.

“To me, it seemed like much of the bullish action here stemmed from the analysts rolling out a positive coverage of CrowdStrike, the newly-public cloud-based cybersecurity firm, ” he said.

Payment processing companies also got a boost on the market, including Square, PayPal and Wex.

Semiconductor stocks have struggled recently, but investors showed the oversold group some love with Advanced Micro Devices, Western Digital, Micron and Analog Devices, he said. The group rallied as much as 3.46% Tuesday.

Cramer also pointed to defense technology and medical technology stocks such as L3harris Technologies and Edwards Lifesciences. Facebook also moved up more than $3 per share, he noted.

“The bottom line: When investors start worrying about the global economy … either money flows into the slow-and-steady consumer packaged goods stocks, like a PepsiCo, or it goes into the turbo-charged growth stocks that can thrive in a slowdown,” Cramer said. “Today, smoking-hot growth won. Tomorrow? Who knows.”

Disclosure: Cramer’s charitable trust owns shares of Palo Alto Network and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: tyler clifford
Keywords: news, cnbc, companies, reason, growth, cramer, worried, real, goods, companies, money, global, stocks, investors, forecast, economy


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post