US-China trade progress—Jim Cramer and experts on what comes next after phase one

Jim Cramer, host of CNBC’s “Mad Money,” is looking at one particular group of stocks after the first leg of the deal. “Our tariffs really didn’t come down much at all with the expectation that China scratches our backs and we’ll scratch theirs. We’ve just been lightening up as the market keeps going up and up and up despite fundamentals. David Lebovitz, global market strategist at J.P. Morgan Asset Management, is going back to earnings and the fundamentals. Steven Milunovich, managing director a


Jim Cramer, host of CNBC’s “Mad Money,” is looking at one particular group of stocks after the first leg of the deal.
“Our tariffs really didn’t come down much at all with the expectation that China scratches our backs and we’ll scratch theirs.
We’ve just been lightening up as the market keeps going up and up and up despite fundamentals.
David Lebovitz, global market strategist at J.P. Morgan Asset Management, is going back to earnings and the fundamentals.
Steven Milunovich, managing director a
US-China trade progress—Jim Cramer and experts on what comes next after phase one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: keris lahiff
Keywords: news, cnbc, companies, whats, going, companies, think, cramer, earnings, comes, progressjim, really, looking, thats, experts, phase, uschina, watch, trade, market


US-China trade progress—Jim Cramer and experts on what comes next after phase one

The U.S. and China just signed a “phase one” trade deal.

Here’s what five experts are watching now.

Jim Cramer, host of CNBC’s “Mad Money,” is looking at one particular group of stocks after the first leg of the deal.

“Our tariffs really didn’t come down much at all with the expectation that China scratches our backs and we’ll scratch theirs. I’d watch the credit card companies. Watch Visa and Mastercard. That’s the easiest for them to turn on. Those companies have been waiting for it forever. It doesn’t really hurt other companies in China. You got reference to the CEOs of both those companies. I think if you want to tell, so to speak, of what this deal really means, you’ve got to watch Visa, Mastercard.”

Richard Bernstein, CIO of Richard Bernstein Advisors, is getting more bearish as the record rally pushes stocks to new highs.

“The point that I think people should be thinking about is as you go through the later stages of a bull market, do you buy into that bull market or do you sell into that bull market? We’ve just been lightening up as the market keeps going up and up and up despite fundamentals. I think most people would agree, fundamentals are not booming so why not sell into that kind of rally?”

Greg Hahn, president of Winthrop Capital Management, calls this a “reluctant rally.”

“We see about 5% earnings growth in the S&P 500. With the current multiple we’re probably at 3,300. … We’re still using fixed income in our asset allocation so that’s our safety net, we’re looking at a market that is fully valued, has fully discounted all of the good news that’s out there. This was a reluctant rally for us. We participated in it but we’re looking at this saying, ‘This doesn’t make sense.'”

David Lebovitz, global market strategist at J.P. Morgan Asset Management, is going back to earnings and the fundamentals.

“I think that part of the reason that we’ve been a little bit guarded is because we really didn’t get any new information. There were really no new surprises in what was finally signed, sealed and delivered yesterday. It was very much in the price and our view was that it was in the price and so rather than speculating on potential upside stemming from the deal which obviously didn’t materialize, we were just more focused on the fundamentals — 2% growth, what’s going on with earnings, what’s going on with wages and what’s that impact on margins? As we kick off the fourth-quarter earnings season here I think the most important thing to keep an eye on is if you look at operating earnings, you’re going to see a big bounce back. If you look at pro forma , it’s going to be about flat. The big thing that we’re looking at is what is guidance look like for 2020?”

Steven Milunovich, managing director at Wolfe Research, says the issues are more complex than this phase one deal has addressed.

“In terms of the trade situation, you know I know that China’s supposed to put an action plan forward in terms of intellectual property protection and not forcing technology transfer but I’m a bit skeptical about that. These are some deep problems and after years of stealing IP I don’t think they get fixed overnight but certainly in the short term I think it helps the market, it helps Trump’s reelection prospects.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: keris lahiff
Keywords: news, cnbc, companies, whats, going, companies, think, cramer, earnings, comes, progressjim, really, looking, thats, experts, phase, uschina, watch, trade, market


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Microsoft’s plan to be carbon negative by 2030 ‘is not greenwash,’ Jim Cramer says

Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it. Earlier, Microsoft CEO Satya Nadella announced the company’s goal to not only curb its carbon footprint but to extract more carbon than it emits by 2030. Microsoft’s plan includes a $1 billion “Climate Innovation Fund” that would be invested over four years in carbon removal technology. “The president doesn’t seem to regard climate change as a serious issu


Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it.
Earlier, Microsoft CEO Satya Nadella announced the company’s goal to not only curb its carbon footprint but to extract more carbon than it emits by 2030.
Microsoft’s plan includes a $1 billion “Climate Innovation Fund” that would be invested over four years in carbon removal technology.
“The president doesn’t seem to regard climate change as a serious issu
Microsoft’s plan to be carbon negative by 2030 ‘is not greenwash,’ Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: tyler clifford
Keywords: news, cnbc, companies, microsofts, microsoft, 2030, negative, climate, think, cramer, impact, worlds, jim, company, change, greenwash, carbon, plan


Microsoft's plan to be carbon negative by 2030 'is not greenwash,' Jim Cramer says

Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it.

“I think they can do it because, remember, they are a powerful force — maybe the most powerful, especially when it comes to data centers, of almost any company on Earth,” he said in a Thursday appearance on “Fast Money Halftime Report.” “So I think they can make an impact. I think this is real. This is not greenwash.”

Earlier, Microsoft CEO Satya Nadella announced the company’s goal to not only curb its carbon footprint but to extract more carbon than it emits by 2030. The next goal for the world’s largest software company is by 2050 to remove as much carbon from the atmosphere as the corporation has produced in its 45-year history.

From a stage at Microsoft headquarters in Redmond, Washington, Nadella said corporations must set their sights on developing business plans to benefit both people and the planet they inhabit. It’s the latest company to devise a proposal with climate change in mind. Microsoft’s plan includes a $1 billion “Climate Innovation Fund” that would be invested over four years in carbon removal technology.

The effort “will require technology by 2030 that doesn’t fully exist today,” Microsoft President Brad Smith said.

Later in the day on “Mad Money,” Cramer highlighted the shifting priorities in U.S. business and even the U.S. government. Companies once sought to make profits by any means necessary in order to satisfy their shareholders, while government put regulations in place that had the environment in mind. Now those roles have flipped as the Trump administration has rolled back environmental rules in recent years and more firms take on initiatives to curb their negative impact on the Earth, he said.

“In a monumental twist, we’ve seen a shocking paradigm shift of late,” Cramer said on the show. “Suddenly, capitalism is trying to regulate itself at a time when the environment’s a pretty low priority for the U.S. government.”

“The president doesn’t seem to regard climate change as a serious issue for the nation’s welfare, otherwise he wouldn’t champion the burning of coal,” he added.

Mega asset manager BlackRock, in an annual letter from CEO Larry Fink, earlier this week announced that it would not invest in companies with high sustainability-related risks as it tailors its investment strategy around climate change. The move comes at a time when ESG — environmental, social and governance — has become one of the hottest investment trends on Wall Street.

Amazon is another tech titan that has revealed a plan to be “net zero carbon” by 2040, which includes buying 100,000 electric delivery vans. The online retailer’s program, however, does not go as far as that of Microsoft, whose carbon footprint is less than Amazon’s.

Cramer said even if corporations can’t quell the impact of global warming, what’s important “is that this shift has happened at all.”

Microsoft shares climbed nearly 2% in Thursday’s session to a closing high of $166.7 per share.

“Whether or not Microsoft can save the environment, what matters is that they’re making the attempt and the stock wasn’t punished for it at all,” Cramer said. “In fact, it was rewarded! Like I said, the world’s turned upside down.”


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: tyler clifford
Keywords: news, cnbc, companies, microsofts, microsoft, 2030, negative, climate, think, cramer, impact, worlds, jim, company, change, greenwash, carbon, plan


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Jim Cramer: Microsoft’s attempt to fight climate change matters

Jim Cramer: Microsoft’s attempt to fight climate change matters”Whether or not Microsoft can save the environment, what matters is that they’re making the attempt and the stock wasn’t punished for it,” CNBC’s Jim Cramer says.


Jim Cramer: Microsoft’s attempt to fight climate change matters”Whether or not Microsoft can save the environment, what matters is that they’re making the attempt and the stock wasn’t punished for it,” CNBC’s Jim Cramer says.
Jim Cramer: Microsoft’s attempt to fight climate change matters Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, cramer, stock, jim, microsoft, fight, theyre, save, microsofts, wasnt, matters, punished, attempt, change, climate


Jim Cramer: Microsoft's attempt to fight climate change matters

Jim Cramer: Microsoft’s attempt to fight climate change matters

“Whether or not Microsoft can save the environment, what matters is that they’re making the attempt and the stock wasn’t punished for it,” CNBC’s Jim Cramer says.


Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, cramer, stock, jim, microsoft, fight, theyre, save, microsofts, wasnt, matters, punished, attempt, change, climate


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Everything Jim Cramer said about the stock market on ‘Mad Money,’ including climate change, Microsoft sustainability, GW Pharma CBD sales

The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan. Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals. Cramer is bullish on Microsoft’s ambitious sustainability plansSatya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursd


The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan.
Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals.
Cramer is bullish on Microsoft’s ambitious sustainability plansSatya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursd
Everything Jim Cramer said about the stock market on ‘Mad Money,’ including climate change, Microsoft sustainability, GW Pharma CBD sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: tyler clifford
Keywords: news, cnbc, companies, ambitious, including, company, medicine, sales, market, think, cramer, plan, microsoft, sustainability, pharma, corp, mad, stock, jim, money


Everything Jim Cramer said about the stock market on 'Mad Money,' including climate change, Microsoft sustainability, GW Pharma CBD sales

CNBC’s Jim Cramer stressed why it’s important for American business to become more environmentally conscious. The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan. Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals.

Cramer is bullish on Microsoft’s ambitious sustainability plans

Satya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursday, Jan. 16, 2020. David Ryder | Bloomberg | Getty Images

Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it. “I think they can do it because, remember, they are a powerful force — maybe the most powerful, especially when it comes to data centers, of almost any company on Earth,” the “Mad Money” host said about the new imitative. “So I think they can make an impact. I think this is real. This is not greenwash.”

Microsoft gets friendlier with the earth

Satya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursday, Jan. 16, 2020. David Ryder | Bloomberg | Getty Images

The science is clear that environmental sustainability must factor in a corporation’s growth plans, or the capitalist and economic system the U.S. enjoys “will fundamentally be in jeopardy,” Microsoft CEO Satya Nadella told CNBC. “The corporation’s purpose is to find profitable solutions to the problems of people and planet,” he said in a sit down with Cramer, citing author and University of Oxford business professor Colin Mayer. “‘Profitable’ is the key word, but ‘problems’ is the other key word for people and planet.” The comments came after Microsoft, the world’s largest software company, announced an ambitious green plan intended to eliminate its carbon footprint and remove the amount of carbon it has emitted over the decades.

GW Pharma sells $296 million worth of CBD medicine in 2019

Cannabis leaves sit on plants growing in a greenhouse in the GW Pharmaceuticals Plc facility in Sittingboune, U.K. on Monday, Oct. 29, 2018. Jason Alden | Bloomberg | Getty Images

Preliminary sales figures for the first cannabis-based medicine in the United States are in and they’re telling a bullish story, according to GW Pharmaceuticals CEO Justin Gover. Epidiolex, which contains cannabidiol to treat severe forms of epilepsy, brought in $104 million in net sales in the fourth quarter and a total of $296 million in 2019 across the globe, the British pharmaceutical company preannounced for its quarterly and full-year performances. “It’s an incredible launch year for any medication [that] I think proves that this kind of medicine is really making a difference to patients,” Gover told Cramer in an interview. “It shows real value to the health-care system, and it sets us up, I think, in a very nice way for what should be another great year for us in 2020.”

Cramer’s lightning round


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: tyler clifford
Keywords: news, cnbc, companies, ambitious, including, company, medicine, sales, market, think, cramer, plan, microsoft, sustainability, pharma, corp, mad, stock, jim, money


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Jim Cramer: Stocks of companies with new access to China are worth buying into weakness

Jim Cramer: Stocks of companies with new access to China are worth buying into weakness”If the stocks of any of these companies with new access to China get hit, I think you need to be a buyer into weakness,” the “Mad Money” host said.


Jim Cramer: Stocks of companies with new access to China are worth buying into weakness”If the stocks of any of these companies with new access to China get hit, I think you need to be a buyer into weakness,” the “Mad Money” host said.
Jim Cramer: Stocks of companies with new access to China are worth buying into weakness Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15
Keywords: news, cnbc, companies, buying, stocks, access, need, money, think, worth, china, weakness, companies, jim, weaknessif, cramer


Jim Cramer: Stocks of companies with new access to China are worth buying into weakness

Jim Cramer: Stocks of companies with new access to China are worth buying into weakness

“If the stocks of any of these companies with new access to China get hit, I think you need to be a buyer into weakness,” the “Mad Money” host said.


Company: cnbc, Activity: cnbc, Date: 2020-01-15
Keywords: news, cnbc, companies, buying, stocks, access, need, money, think, worth, china, weakness, companies, jim, weaknessif, cramer


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer says ‘tariffs worked,’ Trump’s strategy forced China to agree to a trade deal

CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a phase one trade deal with the United States. “Tariffs were not supposed to work,” said Cramer, who has all along been a supporter of President Donald Trump’s hard line approach towards China. The centerpiece of the initial trade deal is a pledge by China to purchase an additional $200 billion worth of U.S. goods. It also cut in half to 7.5% the levy rate on about $120 billion worth of other China import


CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a phase one trade deal with the United States.
“Tariffs were not supposed to work,” said Cramer, who has all along been a supporter of President Donald Trump’s hard line approach towards China.
The centerpiece of the initial trade deal is a pledge by China to purchase an additional $200 billion worth of U.S. goods.
It also cut in half to 7.5% the levy rate on about $120 billion worth of other China import
Cramer says ‘tariffs worked,’ Trump’s strategy forced China to agree to a trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: matthew j belvedere
Keywords: news, cnbc, companies, tariffs, chinese, supposed, trade, cramer, phase, worked, forced, china, agree, worth, deal, strategy, billion, trumps


Cramer says 'tariffs worked,' Trump's strategy forced China to agree to a trade deal

CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a phase one trade deal with the United States.

“I keep wondering when people are going to recognize that it is historic that tariffs did succeed,” Cramer said on “Squawk on the Street,” shortly before U.S. and Chinese officials were set to sign the initial trade agreement at the White House later in the morning.

“Tariffs were not supposed to work,” said Cramer, who has all along been a supporter of President Donald Trump’s hard line approach towards China.

“The Chinese were supposed to be able to get around them. It didn’t happen,” the “Mad Money” host added. “The Chinese were kind of accepting that they had to get something in order to keep the American market.”

The centerpiece of the initial trade deal is a pledge by China to purchase an additional $200 billion worth of U.S. goods.

The phase one agreement, reached in December, canceled planned U.S. tariffs on Chinese-made smartphones, toys and laptop computers. It also cut in half to 7.5% the levy rate on about $120 billion worth of other China imports.

However, the U.S. is leaving in place 25% tariffs on a vast, $250 billion array of Chinese industrial goods and components used by U.S. manufacturers.

Earlier on Wednesday morning, Treasury Secretary Steven Mnuchin told CNBC he expects that more U.S. tariffs would be rolled back if a phase two trade deal with China were reached.

Cramer said China has “gone back on so many things after they pledged [then] that you have to keep the tariffs in place just to be able to see … if they’re really going to change their ways.”

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: matthew j belvedere
Keywords: news, cnbc, companies, tariffs, chinese, supposed, trade, cramer, phase, worked, forced, china, agree, worth, deal, strategy, billion, trumps


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer on BlackRock’s climate change investing shift: ‘Tesla is the ultimate Larry Fink stock’

BlackRock CEO Larry Fink’s warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC’s Jim Cramer said Tuesday. And more importantly, through that is to provide them with an investment portfolio that will outperform.” Tesla is the ultimate Larry Fink stock,” said Cramer on “Squawk Box.” BlackRock is among the biggest institutional owner’s of Tesla stock, with about 4.6 million shares in its funds. The host of “Mad Money” came out


BlackRock CEO Larry Fink’s warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC’s Jim Cramer said Tuesday.
And more importantly, through that is to provide them with an investment portfolio that will outperform.”
Tesla is the ultimate Larry Fink stock,” said Cramer on “Squawk Box.”
BlackRock is among the biggest institutional owner’s of Tesla stock, with about 4.6 million shares in its funds.
The host of “Mad Money” came out
Cramer on BlackRock’s climate change investing shift: ‘Tesla is the ultimate Larry Fink stock’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, stock, letter, investment, shift, late, larry, portfolio, fink, cramer, climate, investing, ultimate, money, nearly, tesla, change


Cramer on BlackRock's climate change investing shift: 'Tesla is the ultimate Larry Fink stock'

BlackRock CEO Larry Fink’s warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC’s Jim Cramer said Tuesday.

Fink — whose company is the biggest money manager in the world with nearly $7 trillion in client assets — used his annual letter to CEOs to sound the alarm on climate change. He also detailed BlackRock’s plans to put sustainability at the “center of our investment approach,” including everything from portfolio construction to launching new investment products that screen for fossil fuels.

“I believe in the science. But I did not write it as an environmentalist. I wrote the letter as a capitalist,” Fink told CNBC in an interview that aired Tuesday. “My job is, as a capitalist, to help prepare our clients for the redistribution of capital. And more importantly, through that is to provide them with an investment portfolio that will outperform.”

The idea of so-called ESG investing — looking at environmental, social and governance issues in the stock picking matrix — has been an emerging theme on Wall Street as clients look to put their money into companies with causes and cultures that they can believe in.

“If you’re wanting to be in Larry Fink’s dictum, you would sell GM and Ford, which aren’t doing enough versus Tesla, even though they are trying. Tesla is the ultimate Larry Fink stock,” said Cramer on “Squawk Box.”

BlackRock is among the biggest institutional owner’s of Tesla stock, with about 4.6 million shares in its funds. That’s about 2.6% of all outstanding Tesla shares.

Cramer, who had been a relative skeptic on Tesla and CEO Elon Musk, started to change his mind late last year when Cramer’s wife, Lisa, wanted to buy a Model X. The host of “Mad Money” came out as a Tesla bull last week, and said Monday, “I love sitting in a Tesla.”

Shares of Tesla have been on a tear recently, up 2% on Tuesday morning. The stock has ripped nearly 30% higher in 2020 alone, and it has more than doubled since late September on optimism around the company’s entrance into the Chinese market.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, stock, letter, investment, shift, late, larry, portfolio, fink, cramer, climate, investing, ultimate, money, nearly, tesla, change


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The looming market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says

The looming market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says”So many companies [are] doing so well. I’d love to buy them, but at this point only on weakness,” “Mad Money” host Jim Cramer said.


The looming market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says”So many companies [are] doing so well.
I’d love to buy them, but at this point only on weakness,” “Mad Money” host Jim Cramer said.
The looming market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14
Keywords: news, cnbc, companies, looming, investors, terrible, selloff, thing, jim, market, cramer, point, money, weakness, saysso, waste


The looming market sell-off would be 'a terrible thing to waste' for investors, Jim Cramer says

The looming market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says

“So many companies [are] doing so well. I’d love to buy them, but at this point only on weakness,” “Mad Money” host Jim Cramer said.


Company: cnbc, Activity: cnbc, Date: 2020-01-14
Keywords: news, cnbc, companies, looming, investors, terrible, selloff, thing, jim, market, cramer, point, money, weakness, saysso, waste


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The potential market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says

“If today’s afternoon pullback turns into a full-blown decline later this week, you need to remember that a sell-off would be a terrible thing to waste,” the “Mad Money” host said. The two countries are preparing to sign a long-awaited, so-called phase one trade deal in Washington, D.C., on Wednesday. Investors are still waiting to hear the full details of the trade deal, but the latest development is one that Cramer, who has been supportive of President Donald Trump’s trade war, approves of. Ou


“If today’s afternoon pullback turns into a full-blown decline later this week, you need to remember that a sell-off would be a terrible thing to waste,” the “Mad Money” host said.
The two countries are preparing to sign a long-awaited, so-called phase one trade deal in Washington, D.C., on Wednesday.
Investors are still waiting to hear the full details of the trade deal, but the latest development is one that Cramer, who has been supportive of President Donald Trump’s trade war, approves of.
Ou
The potential market sell-off would be ‘a terrible thing to waste’ for investors, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: tyler clifford
Keywords: news, cnbc, companies, tariffs, trade, trading, bank, investors, terrible, selloff, thing, jim, market, cramer, share, earnings, washington, waste, potential, deal


The potential market sell-off would be 'a terrible thing to waste' for investors, Jim Cramer says

Investors got spooked and Wall Street coughed up its gains after word spread that import tariffs could stay in place after a U.S.-China trade agreement is signed Wednesday, CNBC’s Jim Cramer said Tuesday.

The Dow Jones Industrial Average rose almost 150 points to its early afternoon highs before closing the session up roughly 32 points. The S&P 500 and Nasdaq Composite both reached new heights during the trading day before finishing down about 0.20%.

“If today’s afternoon pullback turns into a full-blown decline later this week, you need to remember that a sell-off would be a terrible thing to waste,” the “Mad Money” host said. “So many companies [are] doing so well. I’d love to buy them, but at this point only on weakness.”

After trading at new highs, the market fell following the news that the rollback of tariffs on Chinese imports would be delayed until Washington and Beijing come to terms on a phase two trade deal. People began worrying about the uncertain path to reach another agreement. The two countries are preparing to sign a long-awaited, so-called phase one trade deal in Washington, D.C., on Wednesday.

Investors are still waiting to hear the full details of the trade deal, but the latest development is one that Cramer, who has been supportive of President Donald Trump’s trade war, approves of. He added that the market “had gotten overbought,” which contributed to the late Tuesday slide.

He said: “I think leaving the tariffs on until China actually follows through with its promises — since they’ve double-crossed us so many times — makes a ton of sense. It should have caused a rally, not a sell-off.”

Outside of trade chatter, Cramer pointed to “astonishing” quarterly reports from Delta Air Lines, Citigroup and J.P. Morgan Chase. The two bank stocks closed up more than 1% as the airliner’s stock rose 3.3% on the day.

J.P. Morgan, buoyed by its performance in bond trading, reported earnings of $2.57 a share, and Citigroup, also powered by its bond trading and consumer businesses, showed earnings of $1.90 per share. Delta posted $1.70 in adjusted earnings per share, benefiting from lower fuel prices and strong travel demand in its latest quarter.

Wells Fargo was the “one fly in the ointment,” Cramer said. The embattled bank, now led by CEO Charles Scharf, saw legal fees eat away at its pocket while low interest rates negatively impacted business. The bank missed on both the top and bottom lines.

Though the market is overheated, Cramer said the banks showed some positive signs about the consumer.

“The statistics from these banks show a robust consumer who’s still spending within her means,” the host said. “That’s an encouraging backdrop, especially if we’re headed into some short-term sell-off after a remarkable run.”


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: tyler clifford
Keywords: news, cnbc, companies, tariffs, trade, trading, bank, investors, terrible, selloff, thing, jim, market, cramer, share, earnings, washington, waste, potential, deal


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘I love sitting’ in my Tesla — Cramer praises Elon Musk for making cars an exciting place to be

“Your car becomes an exciting, an exciting place to be,” Cramer said on “Squawk on the Street,” just after Monday’s open on Wall Street, which saw Tesla shares soaring more than 5% to above $500 each for the first time. Cramer compared the in-car experience created by Tesla and Musk to a phrase used by former Starbucks CEO Howard Schultz, who likened the coffee shop to a “third place” between work and home. “I love sitting in a Tesla,” Cramer said Monday. She kept sitting on it and pressing the


“Your car becomes an exciting, an exciting place to be,” Cramer said on “Squawk on the Street,” just after Monday’s open on Wall Street, which saw Tesla shares soaring more than 5% to above $500 each for the first time.
Cramer compared the in-car experience created by Tesla and Musk to a phrase used by former Starbucks CEO Howard Schultz, who likened the coffee shop to a “third place” between work and home.
“I love sitting in a Tesla,” Cramer said Monday.
She kept sitting on it and pressing the
‘I love sitting’ in my Tesla — Cramer praises Elon Musk for making cars an exciting place to be Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, car, musk, making, oppenheimer, tesla, exciting, cramer, wall, companys, praises, sitting, love, elon, place, teslas


'I love sitting' in my Tesla — Cramer praises Elon Musk for making cars an exciting place to be

CNBC’s Jim Cramer extended high praise to Elon Musk on Monday, calling the Tesla CEO “the new face of an auto executive” and extolling the enjoyment of riding in one of the company’s electric vehicles.

“Your car becomes an exciting, an exciting place to be,” Cramer said on “Squawk on the Street,” just after Monday’s open on Wall Street, which saw Tesla shares soaring more than 5% to above $500 each for the first time.

The stock is continuing its torrent start to the year — up more than 20% already in 2020 and up more than 100% since late September — behind a ground swell of optimism around the company’s entrance into the Chinese market.

Reflecting that outlook, Oppenheimer on Monday raised its price target by nearly 60% to $612 per share. For now, that makes Oppenheimer the biggest bull among Wall Street’s traditional firms.

“We believe the company’s risk tolerance, ability to implement learnings from past errors, and larger ambition than peers are beginning to pose an existential threat to transportation companies that are unable or unwilling to innovate at a faster pace,” Oppenheimer analyst Colin Rusch wrote in a note to clients

Responding to that Oppenheimer hike, Cramer said he believes that “someone is going to come up with a $700 price target soon.” He added, “The bears really don’t know what to do. It’s an earnings story for heaven’s sake.”

Cramer had been a relative Tesla skeptic, dishing criticism Musk’s way on occasion, but his outlook turned more positive toward the company late last year, due largely to the wishes of his wife, Lisa, who wanted a Model X sport utility vehicle.

“I give up. The car is too damn great,” Cramer said then.

The “Mad Money” affirmed his bullish stance last week, saying “I’m a believer” in Tesla after it built its Gigafactory 3 factory in Shanghai in just 10 months and began delivering cars to Chinese consumers.

Cramer compared the in-car experience created by Tesla and Musk to a phrase used by former Starbucks CEO Howard Schultz, who likened the coffee shop to a “third place” between work and home.

“I love sitting in a Tesla,” Cramer said Monday. “Tesla is the third place to be.”

Over the weekend, Musk teased a new feature for Tesla vehicles that seems to allow Teslas to communicate with pedestrians — in other words, it will let the car talk “if you want,” Musk tweeted.

Musk also suggested the car will be able to emit an external fart noise. The software in some newer Teslas allows the vehicle to, well, make a fart sound inside the car.

“My daughter loves the flatulence seat. She kept sitting on it and pressing the button,” Cramer said Monday, citing it as evidence as the atmosphere of enjoyment created by Tesla.

“People love to be in it and they’ve got autonomous driving. Oh my, it’s so exciting,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, car, musk, making, oppenheimer, tesla, exciting, cramer, wall, companys, praises, sitting, love, elon, place, teslas


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post