Everything Jim Cramer said about the stock market on ‘Mad Money,’ including playing earnings week, FAANG audit, bank stocks

CNBC’s Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The “Mad Money” host says it’s time to revamp the FAANG group and swap one company for another tech giant. Earnings overloadhas a jam-packed week full of earnings reports circled on his calendar for the trading week starting Monday, October 21. Waiting to turn positive on Wells FargoPeople walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Spencer Platt


CNBC’s Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday.
The “Mad Money” host says it’s time to revamp the FAANG group and swap one company for another tech giant.
Earnings overloadhas a jam-packed week full of earnings reports circled on his calendar for the trading week starting Monday, October 21.
Waiting to turn positive on Wells FargoPeople walk by a Wells Fargo bank branch on October 13, 2017 in New York City.
Spencer Platt
Everything Jim Cramer said about the stock market on ‘Mad Money,’ including playing earnings week, FAANG audit, bank stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: tyler clifford
Keywords: news, cnbc, companies, cramer, including, bank, market, earnings, wells, group, playing, stocks, money, week, stock, jim, getty, faang, mad, host


Everything Jim Cramer said about the stock market on 'Mad Money,' including playing earnings week, FAANG audit, bank stocks

CNBC’s Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The “Mad Money” host says it’s time to revamp the FAANG group and swap one company for another tech giant. Later in the show, Cramer makes recommendations for financial stocks.

Earnings overload

has a jam-packed week full of earnings reports circled on his calendar for the trading week starting Monday, October 21. Questions abound whether economic weakness and trade worries will continue to spook investors, although consumer-based companies are given a pass, the “Mad Money” host said Friday. “Next week is tough to game: too many companies, too many variables. It might just be worth it to sit on your hands throughout the week: no buys, unless we see something truly game-changing from China,” he said. “Otherwise, at this point in earnings season, you should simply try to stop, look and listen” and do your homework.

FAANG shakeup

Microsoft CEO Satya Nadella smiles during the Microsoft Build developer conference in Seattle on May 10, 2017. David Ryder | Bloomberg | Getty Images

Time to retire FAANG? Cramer, who enjoys putting acronyms to good use, is now on the prowl for a new play on words to redefine the group of big technology stocks. Though he did not invent the FAANG acronym, the host popularized the term that encompasses the internet stocks of , , , Netflix and Google-parent Alphabet. Now he is calling for another giant in tech to displace the streaming platform from the bunch. “I say we replace Netflix with the far less episodic Microsoft, but if we do that, well, you know we’ve got some difficult choices to make,” Cramer said. “I need a new acronym.”

Waiting to turn positive on Wells Fargo

People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Spencer Platt | Getty Images

After a bank earnings blitz this week, Cramer broke down the performances in the major institutions of JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. He gave his blessings to invest in each of the stocks except the latter, which he called the “perennial whipping boy” of the group. “As for Wells, why don’t we wait and see … what Charlie [Scharf] can do” once he takes over as CEO next week, the host said, “and if he tells a good story, I might have to change my mind and tell you to buy this once best-of-breed national bank.”

Assessing Goldman Sachs, Morgan Stanley and American Express

People walk in front of the American Express offices in New York City. Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: tyler clifford
Keywords: news, cnbc, companies, cramer, including, bank, market, earnings, wells, group, playing, stocks, money, week, stock, jim, getty, faang, mad, host


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Do not own or short Netflix here — ‘ring the register,’ Jim Cramer says

Netflix investors should “ring the register” and cash in on some profits after the stock bounced on its mixed earnings report, CNBC’s Jim Cramer recommended Thursday. In the September quarter, Netflix delivered a 43 cents earnings beat as it posted profit of $1.47 per share. That follows the 2.7 million new accounts that was short of an 5 million add-ons expected in the July quarter. “Even before the Disney-Apple tag-team enters the ring, this company’s already facing some real headwinds,” Crame


Netflix investors should “ring the register” and cash in on some profits after the stock bounced on its mixed earnings report, CNBC’s Jim Cramer recommended Thursday.
In the September quarter, Netflix delivered a 43 cents earnings beat as it posted profit of $1.47 per share.
That follows the 2.7 million new accounts that was short of an 5 million add-ons expected in the July quarter.
“Even before the Disney-Apple tag-team enters the ring, this company’s already facing some real headwinds,” Crame
Do not own or short Netflix here — ‘ring the register,’ Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: tyler clifford
Keywords: news, cnbc, companies, ring, price, register, netflix, quarter, cramer, million, subscriber, short, streaming, jim, earnings, stock


Do not own or short Netflix here — 'ring the register,' Jim Cramer says

Netflix investors should “ring the register” and cash in on some profits after the stock bounced on its mixed earnings report, CNBC’s Jim Cramer recommended Thursday.

The streaming giant soundly topped profit estimates in the third quarter, but the “Mad Money” host isn’t convinced the “better-than-feared” numbers were strong enough to take the company out of the penalty box given another period of subscriber woes ahead of the coming deluge of new players in the space.

Netflix shares rallied nearly 2.5% to $293.35 in Thursday’s session. The stock closed about $15 below its intraday trading high.

“You’ve got to understand what Netflix is up against because when you look at these numbers in context I think they’re pretty discouraging,” he argued, adding “I wouldn’t short Netflix here, too risky, but until we see how they handle Disney and Apple, I absolutely wouldn’t want you to own it, either.”

In anticipation of big brand competition entering the video subscription arena, Netflix’s quarter didn’t yield a lot of confidence in its business, Cramer said. The platform’s kryptonite, he suggested, will be the cheaper price tag and deep libraries of content that will come with Disney+ and Apple TV Plus when both streaming services launch within the next month. AT&T’s WarnerMedia and Comcast’s NBCUniversal also have their own platforms in the pipeline.

In the September quarter, Netflix delivered a 43 cents earnings beat as it posted profit of $1.47 per share. Revenue came in at $5.24 billion, which just missed expectations, according to Factset. Netflix added 6.26 million new subscribers to its international base. The sour part, however, was the 517,000 new domestic sign-ups, which was more than 55% short of expectations. That follows the 2.7 million new accounts that was short of an 5 million add-ons expected in the July quarter.

“Even before the Disney-Apple tag-team enters the ring, this company’s already facing some real headwinds,” Cramer said. “So even though they reported a decent earnings beat last night, all anyone cared about were the anemic subscriber numbers.”

Netflix conceded that price increases in the U.S. earlier this year affected subscriber retention and that new streaming services could cause “some modest headwind to our near-term growth” in a letter to shareholders.

Macquarie Research downgraded the stock to neutral from buy and reduced its price target to $325 a share from $375.

The company is forecasting a total of 7.6 million new paid subscribers in the fourth quarter. Management guided for 600,000 new domestic sign ups, while analyst consensus is 715,000, FactSet said.

Shares of Netflix are up almost 10% year to date, but the stock is down nearly 20% since it first missed on subscriber growth in its second quarter three months ago.

“Put it all together and I think Netflix has reached a point of saturation domestically,” Cramer said. “Why not give Netflix more credit for its incredible profitability? Well, because this is a subscriber growth story and if you value the stock on earnings” it’s at 53 times next year’s numbers.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: tyler clifford
Keywords: news, cnbc, companies, ring, price, register, netflix, quarter, cramer, million, subscriber, short, streaming, jim, earnings, stock


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‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says

‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says9 Hours AgoMixed-earnings reports from Union Pacific, Honeywell and Johnson & Johnson, among others, spell good news for shareholders.


‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says9 Hours AgoMixed-earnings reports from Union Pacific, Honeywell and Johnson & Johnson, among others, spell good news for shareholders.
‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17
Keywords: news, cnbc, companies, union, cramer, spell, notasbadasfeared, johnson, jim, quarters, reports, pacific, says9, shareholders, good


'These not-as-bad-as-feared quarters are good news for shareholders,' Jim Cramer says

‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says

9 Hours Ago

Mixed-earnings reports from Union Pacific, Honeywell and Johnson & Johnson, among others, spell good news for shareholders.


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Keywords: news, cnbc, companies, union, cramer, spell, notasbadasfeared, johnson, jim, quarters, reports, pacific, says9, shareholders, good


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Jim Cramer says stock market will ‘blast’ past current levels if trade questions are resolved

CNBC’s Jim Cramer said Thursday that resolutions to a pair of major trade issues would be a boon to the stock market, arguing it’s time investors factor positive conclusions into their strategy. the “Mad Money” host said, referring to White House top economic advisor Larry Kudlow. “Lighthizer and Kudlow are typically in opposite camps when it comes to the trade war,” Cramer said, with Lighthizer holding more hard-line principles. And this time, the story could spell positive news for the stock m


CNBC’s Jim Cramer said Thursday that resolutions to a pair of major trade issues would be a boon to the stock market, arguing it’s time investors factor positive conclusions into their strategy.
the “Mad Money” host said, referring to White House top economic advisor Larry Kudlow.
“Lighthizer and Kudlow are typically in opposite camps when it comes to the trade war,” Cramer said, with Lighthizer holding more hard-line principles.
And this time, the story could spell positive news for the stock m
Jim Cramer says stock market will ‘blast’ past current levels if trade questions are resolved Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, kudlow, right, current, positive, china, cramer, levels, questions, market, jim, start, trade, resolved, larry, stock, past


Jim Cramer says stock market will 'blast' past current levels if trade questions are resolved

CNBC’s Jim Cramer said Thursday that resolutions to a pair of major trade issues would be a boon to the stock market, arguing it’s time investors factor positive conclusions into their strategy.

“What happens to the stock market if Larry is right and we get a new trade deal with Mexico and Canada before Thanksgiving and we see concrete results from our negotiations with China?” the “Mad Money” host said, referring to White House top economic advisor Larry Kudlow. “In that case, I think stocks will blast right through these levels and go much higher.”

In an interview earlier Thursday on CNBC’s “Squawk on the Street,” Kudlow said there is real momentum to build off the preliminary trade agreement with China. He also suggested the U.S.-Mexico-Canada Agreement — a replacement for North American Free Trade Agreement — could be signed into law by Thanksgiving.

While Cramer conceded he’s not a neutral observer, since the two men co-hosted a TV show in the early 2000s, he said he really believes Kudlow in this instance.

“I thought he might be blowing smoke, so I gave him a chance to dial the whole thing back, take back his comments by asking about both points a second time,” Cramer said of his former CNBC colleague.

But since Kudlow said his comments had been “checked off” by U.S. Trade Representative Robert Lighthizer, Cramer said he feels more confident.

“Lighthizer and Kudlow are typically in opposite camps when it comes to the trade war,” Cramer said, with Lighthizer holding more hard-line principles.

“Now normally when Larry says something positive, the hardliners shoot him down a few days later,” Cramer said. “If they’ve already signed off on his statements, though, while doesn’t that make it a very different story?”

And this time, the story could spell positive news for the stock market, Cramer argued.

That’s because the uncertainty around both these trade issues is holding back the economy — “and thus the market,” Cramer said.

“We could get a really positive domino effect if we pass the NAFTA replacement bill and then start getting even small concessions out of China,” Cramer said. “In that scenario, earnings will explode for the weakest part of the economy, the industrials.”

Beyond that, Cramer said long-term interest rates should begin to inch higher, putting a stop to the inverted yield curve and the need to “worry so much about” the actions of the Federal Reserve.

“Will Larry be right? I don’t know, but it’s a real possibility,” Cramer said. “And after this morning, you need to start factoring it in before you start doing a lot of selling right into this market.”


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, kudlow, right, current, positive, china, cramer, levels, questions, market, jim, start, trade, resolved, larry, stock, past


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‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says

CNBC’s Jim Cramer is noting an emerging theme early in this earnings season: Several companies have missed expectations in their quarterly reports, but their stocks rallied anyway. That kind of action can be found in enterprises covering the railroad, manufacturing and health-care industries whose shares rose on “not-as-bad-as-feared” results, he said Thursday. “All of these not-as-bad-as-feared quarters are good news for shareholders who haven’t been shaken out by the all the darned naysayers,”


CNBC’s Jim Cramer is noting an emerging theme early in this earnings season: Several companies have missed expectations in their quarterly reports, but their stocks rallied anyway.
That kind of action can be found in enterprises covering the railroad, manufacturing and health-care industries whose shares rose on “not-as-bad-as-feared” results, he said Thursday.
“All of these not-as-bad-as-feared quarters are good news for shareholders who haven’t been shaken out by the all the darned naysayers,”
‘These not-as-bad-as-feared quarters are good news for shareholders,’ Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: tyler clifford
Keywords: news, cnbc, companies, company, revenue, shareholders, cramer, quarters, trading, good, notasbadasfeared, weak, business, jim, shares, stock, thats


'These not-as-bad-as-feared quarters are good news for shareholders,' Jim Cramer says

CNBC’s Jim Cramer is noting an emerging theme early in this earnings season: Several companies have missed expectations in their quarterly reports, but their stocks rallied anyway.

That kind of action can be found in enterprises covering the railroad, manufacturing and health-care industries whose shares rose on “not-as-bad-as-feared” results, he said Thursday.

“All of these not-as-bad-as-feared quarters are good news for shareholders who haven’t been shaken out by the all the darned naysayers,” the “Mad Money” host said. “More importantly, they’re a reminder that execution matters.”

Union Pacific reported what, even by its own admission, was a disappointing quarter with weak cargo sales in large part due to economic weakness in autos, lumber and agricultural exports to China, Cramer said. The stock originally fell in premarket trading Thursday but ultimately gained 0.2% during the session after the shareholder call. Volumes were weak, but the company still made a lot of money thanks to expense control and layoffs, he said.

“It’s a testament to the fact that this is a changed enterprise,” Cramer said. “So even though Union Pacific’s operating revenue was down 7%, guess what, their operating income only declined by 2%. … That’s how you get a not-as-bad-as-feared quarter. I mean that’s how a railroad stock can rally off of a revenue shortfall.”

Consumer products-maker Honeywell also managed to gain nearly 2.4% on the trading day, despite missing Wall Street’s revenue expectations, Cramer said. Investors were concerned how Boeing’s 737 Max issues would weigh on Honeywell’s aerospace arm, but the business had 10% organic sales growth, he said.

Johnson & Johnson, which is facing legal challenges related to the opioid crisis and talc, is another example. Though investors worried how litigation would impact business, the pharmaceutical company delivered top- and bottom-line beats in its earnings report Tuesday. JNJ shares have risen more than 4% since Monday’s close.

“Instead the company proclaimed it was ready for any and all verdicts, which, by the way, have recently [been] going into their own right direction,” Cramer said. “That, and some fabulous blockbuster drugs and some solid device numbers explain how JNJ could have a NABF.”

IBM, on the other hand, was not saved by the “not-as-bad-as-feared” sentiment. Red Hat, which the company acquired earlier this year, was not enough to offset the decline in Big Blue’s noncloud legacy business, he said.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: tyler clifford
Keywords: news, cnbc, companies, company, revenue, shareholders, cramer, quarters, trading, good, notasbadasfeared, weak, business, jim, shares, stock, thats


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Cramer on Trump vs. China: ‘Hate him or like him, he has them where he wants them’

President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more than the U.S. economy, CNBC’s Jim Cramer said Friday. Stocks opened sharply higher on Friday, with Trump casting a positive view on the China trade talks, which resumed in Washington Thursday. The “Mad Money” host said Friday, “The Hong Kong situation and loss of face there doesn’t help their cause. I think that when billionaires run for the hills, like they did in the NBA, b


President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more than the U.S. economy, CNBC’s Jim Cramer said Friday. Stocks opened sharply higher on Friday, with Trump casting a positive view on the China trade talks, which resumed in Washington Thursday. The “Mad Money” host said Friday, “The Hong Kong situation and loss of face there doesn’t help their cause. I think that when billionaires run for the hills, like they did in the NBA, b
Cramer on Trump vs. China: ‘Hate him or like him, he has them where he wants them’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, kong, president, chinese, trade, war, hate, hong, shameful, cramer, trump, wants, china


Cramer on Trump vs. China: 'Hate him or like him, he has them where he wants them'

President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more than the U.S. economy, CNBC’s Jim Cramer said Friday.

“Hate him or like him, he has them where he wants them,” said Cramer, characterizing Trump and his hard line approach to try to get China to change what the U.S. sees as decades of unfair trade practices.

Stocks opened sharply higher on Friday, with Trump casting a positive view on the China trade talks, which resumed in Washington Thursday. The Dow Jones Industrial Average was soaring more than 300 points in early trading.

The president on Friday plans to meet with Chinese Vice Premier Liu He at the White House. On Thursday, he said that Day 1 of negotiations went “really well.”

The discussions, aimed at ending the two nations’ 15-month trade war, come days before an Oct. 15 deadline when the U.S. plans to hike tariff rates on some $250 billion of Chinese goods to 30% from 25%.

The “Mad Money” host said Friday, “The Hong Kong situation and loss of face there doesn’t help their cause. Can you imagine how desperate they are when they’re worried about NBA … talking about Hong Kong?”

Cramer was referring to the uproar in China and the fallout for the league over last week’s pro-Hong Kong protests tweet from the Houston Rockets’ general manager.

“It’s a crucial moment. I think that when billionaires run for the hills, like they did in the NBA, because they didn’t want to challenge China, it’s shameful,” Cramer said. “Maybe it’s shameful if companies aren’t willing to speak for free speech.”

The communist government in China is particularly sensitive about the months of anti-government demonstrations in Hong Kong. Beijing views the unrest in the Chinese territory as an affront to its authority. The U.S. has warned that strong intervention in Hong Kong by Beijing could hurt the prospects of cutting a trade deal.

“I always felt that there’s a moral equivalence that our mainstream puts between China and the United States. Hate him or like him, Trump is not morally equivalent” to Chinese President Xi Jinping.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, kong, president, chinese, trade, war, hate, hong, shameful, cramer, trump, wants, china


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Cramer’s week ahead: It is shaping up to be a good week for earnings

Goldman Sachs reports earnings from the quarter ending in September. Beyond the big bank reports, Cramer is keeping his eye on Johnson & Johnson, whose earnings story he said has turned into a “legal story,” and United Health. Netflix reports earnings and shareholders are looking to hear a more positive story about subscriber growth as streaming competition heats up, Cramer said. “I think you can buy this stock ahead — maybe on Monday or Tuesday — of when they report numbers because I expect a g


Goldman Sachs reports earnings from the quarter ending in September. Beyond the big bank reports, Cramer is keeping his eye on Johnson & Johnson, whose earnings story he said has turned into a “legal story,” and United Health. Netflix reports earnings and shareholders are looking to hear a more positive story about subscriber growth as streaming competition heats up, Cramer said. “I think you can buy this stock ahead — maybe on Monday or Tuesday — of when they report numbers because I expect a g
Cramer’s week ahead: It is shaping up to be a good week for earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: tyler clifford
Keywords: news, cnbc, companies, week, reports, cramer, ahead, morning, stock, bank, deal, results, good, shaping, quarter, earnings, cramers


Cramer's week ahead: It is shaping up to be a good week for earnings

CNBC’s Jim Cramer said Friday that he wants to read the fine print before he turns positive about President Donald Trump’s claim that U.S. and China trade negotiators reached a “phase one” deal. Investors responded positively to the news. The three major U.S. stock averages all rose more than 1% by the session close. The major indexes finished the week higher, with the Dow Jones Industrial Average and S&P 500 breaking three-week losing streaks. China agreed to as much as $50 billion in agricultural buys and some intellectual property concessions, according to Trump. In exchange, the U.S. canceled a tariff hike that was to go into effect next week. The preliminary deal, however, has yet to be signed, and officials are expected to get to work on phase two right away. “With this latest news on trade today, next week is still going to be about China, but not as much, I think. A trade deal … means we can finally focus on the substance of earnings, and I like that. I’m expecting many of these quarters could be better than expected,” the “Mad Money” host said. “[This] could be a good week, as long as Washington doesn’t get in the way.”

Monday: Brexit update?

The stock market will open for regular trading hours, but the bond market will not for Columbus Day. Across the pond, British lawmakers continue to work on a long-debated Brexit deal that would make way for the United Kingdom to leave the European Union. “At this point, any deal is going to be treated as good news because it will finally put an end to the cloud of uncertainty that has been hanging over Europe literally for years now,” Cramer said.

Tuesday: J.P. Morgan, Citigroup, Goldman Sachs, Wells Fargo, United Health, Johnson & Johnson, Workday

The major banks are scheduled to report quarterly earnings. J.P. Morgan Chase’s numbers come out in the morning and Cramer expects to hear about loan demand and see a dividend boost. Citigroup’s third-quarter results will also be released in the morning. The host wants to find out how much stock the bank bought back. Goldman Sachs reports earnings from the quarter ending in September. Apple partnered with the bank on the Apple Card that launched in August and Cramer anticipates getting insight into the credit card’s early reception. Wells Fargo delivers quarterly results in the morning. After a long search, the financial institution has found a replacement in Visa and Bank of America veteran Charlie Scharf to lead the bank past its scandals. “The banks had a monster move today, which makes them harder to recommend going into the earnings. The pattern here is that we tend to get profit-taking after the initial excitement … [and] I do not expect anything different” this time, Cramer said. Beyond the big bank reports, Cramer is keeping his eye on Johnson & Johnson, whose earnings story he said has turned into a “legal story,” and United Health. The host is also interested in cloud-based payroll Workday’s analyst meeting.

Wednesday: Bank of America, IBM, Netflix

Bank of America reports results from the September quarter in the morning. The stock traded within the $24 and $31 range all year, despite posting strong numbers in the last two quarters. “I bet Bank of America can break out of this trading range if JP Morgan reports a good number the day before. That is the best analog,” Cramer said. IBM reports after the closing bell and is expected to record $18.2 billion sales and $2.67 earnings per share in its third quarter, according to FactSet. “We need to know how Red Hat’s doing,” the host said. “Without specifics, the stock will continue to languish.” Netflix reports earnings and shareholders are looking to hear a more positive story about subscriber growth as streaming competition heats up, Cramer said. At one point this year, the stock climbed more than 43% to $385.03 in May but tumbled below $255 last month as companies announced their plans to enter the space that Netflix has dominated for years. Shares closed Friday’s session at $282.93. “If they deliver a better-than-expected sign-up number, the stock could rally 50 points,” Cramer said.

Thursday: Honeywell, Union Pacific

Honeywell plans to release quarterly results prior to the morning bell. Wall Street is looking for the manufacturer to produce $9.1 billion in revenue, about 15% shorter than the year prior, and an EPS of $2.01, according to FactSet. “Honeywell’s been on a tear. It’s one of the best performers in the group,” Cramer said. “Its aerospace business has been a standout. I’d start worrying: Could Boeing be hurting it?” Union Pacific will also deliver an earnings report before the market opens. Cramer expects the freight-hauling railroad to have a shaky quarter. Analysts expect sales to slide 4% to about $5.69 billion and earnings to grow nearly 8% to $2.32 per share, FactSet said. Morgan Stanley reports earnings in the morning. “I think you can buy this stock ahead — maybe on Monday or Tuesday — of when they report numbers because I expect a good quarter,” Cramer said.

Friday: Schlumberger, Coca-Cola, American Express

Cramer said he is expecting good reports from both Coca-Cola and American Express. Schlumberger reports results prior to the open. The oil stock is down nearly 10% year-to-date and analysts expect little growth in the quarter for $8.5 billion in sales. “We still own some Schlumberger for my charitable trust…,” Cramer said. “We sold some for a loss. We should have sold it all.”


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: tyler clifford
Keywords: news, cnbc, companies, week, reports, cramer, ahead, morning, stock, bank, deal, results, good, shaping, quarter, earnings, cramers


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Wendy’s CEO to Jim Cramer: ‘We have a menu that can compete’ in breakfast

“We have a menu that can compete, a low-investment and a high-return model for our franchise community,” Penegor said in a “Mad Money” interview. The breakfast menu includes the Breakfast Baconator, Frosty-ccino and Honey Butter Chicken Biscuit. The Breakfast Baconator is a cousin to Wendy’s well-known Baconator burger on the lunch menu substituting eggs for the burger meat. To support the breakfast service, Wendy’s will go on a hiring spree, adding 20,000 people to its staff. Wendy’s had about


“We have a menu that can compete, a low-investment and a high-return model for our franchise community,” Penegor said in a “Mad Money” interview. The breakfast menu includes the Breakfast Baconator, Frosty-ccino and Honey Butter Chicken Biscuit. The Breakfast Baconator is a cousin to Wendy’s well-known Baconator burger on the lunch menu substituting eggs for the burger meat. To support the breakfast service, Wendy’s will go on a hiring spree, adding 20,000 people to its staff. Wendy’s had about
Wendy’s CEO to Jim Cramer: ‘We have a menu that can compete’ in breakfast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: tyler clifford
Keywords: news, cnbc, companies, menu, share, cramer, breakfast, wendys, folks, franchise, sales, cents, billion, compete, jim, penegor, ceo


Wendy's CEO to Jim Cramer: 'We have a menu that can compete' in breakfast

Shares of Wendy’s tumbled last month when investors got word that the fast-food chain was jumping in the breakfast business, but CEO Todd Penegor on Friday sold his long-term case to CNBC’s Jim Cramer.

Despite the more than 10% stock price decline on Sept. 10 coming off the announcement, the franchise is betting that its $20 million investment in the competitive morning-side meal market will pay dividends.

“We have a menu that can compete, a low-investment and a high-return model for our franchise community,” Penegor said in a “Mad Money” interview. “So we’re leveraging all of our existing equipment and we’re going to bring it to life in a big way in 2020.”

Wendy’s is already serving breakfast food in more than 300 restaurants and expects to roll it out in all of its roughly 6,180 U.S. stores next year. The breakfast menu includes the Breakfast Baconator, Frosty-ccino and Honey Butter Chicken Biscuit.

The Breakfast Baconator is a cousin to Wendy’s well-known Baconator burger on the lunch menu substituting eggs for the burger meat.

“You put bacon on just about anything, folks love it,” Penegor said.

To support the breakfast service, Wendy’s will go on a hiring spree, adding 20,000 people to its staff. The chief said they will have a three-person model to handle breakfast service. Two people will open the store and a third worker will later join the team in the workday.

“[Twenty thousand] seems like a big number, but when you think about it as three per restaurant it’s not going to be that hard. It’s a great day part to staff, it’s very convenient for folks to come in in the morning and be done by lunch time,” Penegor said. “So we feel good about our employment proposition to bring folks in and create a great experience for them.”

Some analysts aren’t quite as bullish about those prospects, however. Guggenheim analyst Matthew DiFrisco wrote in a September note that it’s a “risky way to add topline growth.”

“Wendy’s has had multiple attempts to establish a breakfast business, 1985, 2006 and 2010, that were unsuccessful and pressured franchise margins,” he said.

Management projects that breakfast will comprise about 10% of Wendy’s total day sales. Wendy’s had about $1.59 billion in sales and 59 cents earnings per share in 2018, according to FactSet.

Analysts expect the restaurant chain’s full-year sales and profit to be near $1.7 billion and 59 cents per share in 2019 and near $1.79 billion and 75 cents per share in 2020, according to FactSet.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: tyler clifford
Keywords: news, cnbc, companies, menu, share, cramer, breakfast, wendys, folks, franchise, sales, cents, billion, compete, jim, penegor, ceo


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Watch Jim Cramer eat pumpkin spice flavored Spam

Watch Jim Cramer eat pumpkin spice flavored Spam44 Mins AgoCNBC’s Jim Cramer tries the pumpkin spice flavored Spam after it sold out in seven hours.


Watch Jim Cramer eat pumpkin spice flavored Spam44 Mins AgoCNBC’s Jim Cramer tries the pumpkin spice flavored Spam after it sold out in seven hours.
Watch Jim Cramer eat pumpkin spice flavored Spam Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, spam, flavored, sold, cramer, tries, pumpkin, watch, jim, spice, spam44, eat


Watch Jim Cramer eat pumpkin spice flavored Spam

Watch Jim Cramer eat pumpkin spice flavored Spam

44 Mins Ago

CNBC’s Jim Cramer tries the pumpkin spice flavored Spam after it sold out in seven hours.


Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, spam, flavored, sold, cramer, tries, pumpkin, watch, jim, spice, spam44, eat


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‘Unfathomable market’ — Jim Cramer warns against buying or selling on US-China trade headlines

CNBC’s Jim Cramer is warning against trading stocks on the roller coaster of U.S.-China headlines as the two countries restarted high-level talks aimed at ending their 15-month-old trade war on Thursday. In the flip-flopping between trade talk pessimism and optimism, the latter was winning on Wall Street in midday trading. Overnight, Dow futures plunged more than 300 points on a report that the trade talks might end earlier than expected. However, Cramer suggested there’s still plenty of time le


CNBC’s Jim Cramer is warning against trading stocks on the roller coaster of U.S.-China headlines as the two countries restarted high-level talks aimed at ending their 15-month-old trade war on Thursday. In the flip-flopping between trade talk pessimism and optimism, the latter was winning on Wall Street in midday trading. Overnight, Dow futures plunged more than 300 points on a report that the trade talks might end earlier than expected. However, Cramer suggested there’s still plenty of time le
‘Unfathomable market’ — Jim Cramer warns against buying or selling on US-China trade headlines Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, uschina, jim, headlines, cramer, street, selling, trump, unfathomable, wall, totally, trading, talks, buying, warns, war, apple, market, trade


'Unfathomable market' — Jim Cramer warns against buying or selling on US-China trade headlines

CNBC’s Jim Cramer is warning against trading stocks on the roller coaster of U.S.-China headlines as the two countries restarted high-level talks aimed at ending their 15-month-old trade war on Thursday.

Markets are “hostage to events that are not only totally out of our hands, but I think totally out of the president’s hands,” Cramer said on “Squawk on the Street.”

“I am describing an unfathomable market,” he declared, “where if you have conviction, you are out of your mind,” meaning fundamental cases for buying or selling are useless.

In the flip-flopping between trade talk pessimism and optimism, the latter was winning on Wall Street in midday trading. The Dow Jones Industrial Average was more than 200 points higher.

Stocks surged higher after President Donald Trump said he will meet Friday with Chinese Vice Premier Liu He, leader of the Chinese trade delegation in Washington for the latest round of talks Thursday and Friday.

Overnight, Dow futures plunged more than 300 points on a report that the trade talks might end earlier than expected. However, the White House later denied those claims, which helped futures recover.

Later confusion ensued after Bloomberg reported the U.S. might suspend next week’s tariff increase in exchange for a currency pact. The New York Times also reported the Trump administration was looking to allow the sale of some supplies to China’s Huawei, months after the administration restricted sales to the telecom giant over concerns of national security.

Stocks were on an unsure path in early Thursday trading on Wall Street until Trump tweeted about Friday’s Liu meeting.

However, Cramer suggested there’s still plenty of time left in the trade war for headlines to send stocks plunging again, saying that “it is just impossible.”

Cramer pointed to the whiplash of confusion around Apple, which has been threatened by the two countries’ increasing, retaliatory measures on one another.

“You sell Apple on the news that the trade talks are going badly,” the “Mad Money” host said. But then Apple shares move higher, after the company gained favor with China by removing an app that antigovernment protesters in Hong Kong were using to track police.

“Do you buy Apple off that?” he asked. “You upgrade Apple because Apple is doing better with the [new iPhones],” he said, then questioned what would happen “if the trade talks go badly.”


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, uschina, jim, headlines, cramer, street, selling, trump, unfathomable, wall, totally, trading, talks, buying, warns, war, apple, market, trade


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