Market research guru Jim Grant predicts the Fed ‘will definitely blink’ on interest rates

The Fed will ‘definitely blink’ when it comes to rate hikes, says Jim Grant 7 Hours Ago | 04:01The Federal Reserve won’t end up raising interest rates as aggressively as projected, said Jim Grant, editor and founder of the venerable Grant’s Interest Rate Observer newsletter. “I think the Fed will definitely blink,” Grant told CNBC on Tuesday. Grant said on “Squawk on the Street” that investors will know the Fed is “blinking” when they hear it. The Fed is expected to raise rates again in December


The Fed will ‘definitely blink’ when it comes to rate hikes, says Jim Grant 7 Hours Ago | 04:01The Federal Reserve won’t end up raising interest rates as aggressively as projected, said Jim Grant, editor and founder of the venerable Grant’s Interest Rate Observer newsletter. “I think the Fed will definitely blink,” Grant told CNBC on Tuesday. Grant said on “Squawk on the Street” that investors will know the Fed is “blinking” when they hear it. The Fed is expected to raise rates again in December
Market research guru Jim Grant predicts the Fed ‘will definitely blink’ on interest rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: matthew j belvedere
Keywords: news, cnbc, companies, told, rate, rates, grant, research, predicts, interest, growth, jim, fed, guru, think, definitely, market, going, world, recent


Market research guru Jim Grant predicts the Fed 'will definitely blink' on interest rates

The Fed will ‘definitely blink’ when it comes to rate hikes, says Jim Grant 7 Hours Ago | 04:01

The Federal Reserve won’t end up raising interest rates as aggressively as projected, said Jim Grant, editor and founder of the venerable Grant’s Interest Rate Observer newsletter.

“I think the Fed will definitely blink,” Grant told CNBC on Tuesday. “I don’t know when it will reverse course; I suspect sooner rather than later.”

Grant said on “Squawk on the Street” that investors will know the Fed is “blinking” when they hear it. “We are going to be data dependent; we are concerned about where growth [is]; we are stepping back from time to time … and we are watchful waiting. That is what it is going to sound like.”

Rate concerns continued to pressure the stock market Tuesday, with the S&P 500 briefly dipping into correction territory and testing the crushing October lows of just over the 2,600 level.

The recent sell-off started after Fed Chairman Jerome Powell said early last month that rates were a long way from neutral, sparking questions about whether Fed officials were going to increase the cost of borrowing money more than forecast.

The Fed is expected to raise rates again in December, on top of the three moves already on the books in 2018. After its most recent hike, the Fed projected three rate increases for next year.

However, some of the recent central bank chatter seems to indicate that a slower path higher for rates may be under consideration as economic activity around the world slows.

Last Wednesday, Powell said there’s been “a gradual chipping away” at global growth, and what happens internationally matters. The same point was made two days later by Fed Vice Chairman Richard Clarida, who told CNBC the global economy deserves attention, and it looks like it’s slowing.

“When the Fed steps back, citing the difficulties of slowing world growth, I think the Fed would be slower to dispose” of the more than $4 trillion in assets that remain on its balance sheet, Grant said. Such a move would also act as additional easing.

— CNBC’s Patti Domm contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: matthew j belvedere
Keywords: news, cnbc, companies, told, rate, rates, grant, research, predicts, interest, growth, jim, fed, guru, think, definitely, market, going, world, recent


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Goldman slashes Apple price forecast, sees stock going nowhere for a year

Weaker demand for Apple products as well as a lackluster reception for the iPhone XR outside of the United States will prevent shares from advancing at all over the next year, according to Goldman Sachs. “In addition to weakness in demand for Apple’s products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received,” Goldman analyst Rod Hall wrote Tuesday. “Our estimates remain at the lower end of Apple’s guidance r


Weaker demand for Apple products as well as a lackluster reception for the iPhone XR outside of the United States will prevent shares from advancing at all over the next year, according to Goldman Sachs. “In addition to weakness in demand for Apple’s products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received,” Goldman analyst Rod Hall wrote Tuesday. “Our estimates remain at the lower end of Apple’s guidance r
Goldman slashes Apple price forecast, sees stock going nowhere for a year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: thomas franck, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, products, hall, demand, xr, slashes, goldman, going, range, iphone, wrote, price, sees, apples, apple, wellreceived, stock, forecast


Goldman slashes Apple price forecast, sees stock going nowhere for a year

Weaker demand for Apple products as well as a lackluster reception for the iPhone XR outside of the United States will prevent shares from advancing at all over the next year, according to Goldman Sachs.

“In addition to weakness in demand for Apple’s products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received,” Goldman analyst Rod Hall wrote Tuesday.

“Our estimates remain at the lower end of Apple’s guidance range at this point as we believe the company likely included this more negative scenario in its provided range,” Hall added.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: thomas franck, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, products, hall, demand, xr, slashes, goldman, going, range, iphone, wrote, price, sees, apples, apple, wellreceived, stock, forecast


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‘Tremendous opportunities’ will rise from market wreckage: Prudential

Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you. “If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on CNBC’s “Trading Nation.” However, Krosby sees the wreckage in tech as an option for investors who have a strong risk tolerance. But nonetheless, they’re going to have to probably sell off more as we see the tech names just


Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you. “If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on CNBC’s “Trading Nation.” However, Krosby sees the wreckage in tech as an option for investors who have a strong risk tolerance. But nonetheless, they’re going to have to probably sell off more as we see the tech names just
‘Tremendous opportunities’ will rise from market wreckage: Prudential Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: stephanie landsman, spencer platt, getty images news, getty images, peter parks, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, strong, prudential, tech, krosby, opportunities, selloff, names, market, tremendous, going, volatility, rise, wreckage, investors


'Tremendous opportunities' will rise from market wreckage: Prudential

Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you.

She’s confident the market’s wild swings will ultimately subside and generate strong upside.

“If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on CNBC’s “Trading Nation.”

Stocks fell sharply Tuesday morning and the major indexes turned negative for the year.

Krosby isn’t ruling out a retest of October’s lows because of the uncertainty surrounding the market when it comes to Federal Reserve policy, the U.S.-China trade war and global growth jitters.

“If you have to go into the market now, we suggest you go into the defensive names,” she said, highlighting health care, consumer staples and utilities.

Her thoughts came as the major indexes kicked off another the week in sell-off mode. The tech-heavy Nasdaq slipped deeper into correction territory. It was off 10 percent over the past three months as of Monday’s closing. However, Krosby sees the wreckage in tech as an option for investors who have a strong risk tolerance.

“You may want to take a look at the ones that have been really beaten down,” said Krosby. “Cloud is not going away. Cybersecurity is not going away. But nonetheless, they’re going to have to probably sell off more as we see the tech names just basically being a source of funding perhaps for hedge funds right now. But this, too, shall pass.”

For investors with a weak stomach for volatility, she notes that sitting on the sidelines isn’t such a bad strategy either.

“If you can sit out and wait in cash, I think the opportunities are going to come to you,” she added.

And, she suggests that could happen before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: stephanie landsman, spencer platt, getty images news, getty images, peter parks, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, strong, prudential, tech, krosby, opportunities, selloff, names, market, tremendous, going, volatility, rise, wreckage, investors


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We shouldn’t expect the trade war to end: ANZ

We shouldn’t expect the trade war to end: ANZ15 Hours AgoRichard Yetsenga of ANZ says he can’t see the U.S.-China trade war issue “disappearing,” but it is not going to bring the economic cycle to an end.


We shouldn’t expect the trade war to end: ANZ15 Hours AgoRichard Yetsenga of ANZ says he can’t see the U.S.-China trade war issue “disappearing,” but it is not going to bring the economic cycle to an end.
We shouldn’t expect the trade war to end: ANZ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19
Keywords: news, cnbc, companies, war, expect, going, hours, uschina, end, trade, yetsenga, anz, shouldnt, issue


We shouldn't expect the trade war to end: ANZ

We shouldn’t expect the trade war to end: ANZ

15 Hours Ago

Richard Yetsenga of ANZ says he can’t see the U.S.-China trade war issue “disappearing,” but it is not going to bring the economic cycle to an end.


Company: cnbc, Activity: cnbc, Date: 2018-11-19
Keywords: news, cnbc, companies, war, expect, going, hours, uschina, end, trade, yetsenga, anz, shouldnt, issue


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‘Shark Tank’ husband, wife team used wedding money to start a company

It takes a certain amount of willpower to start a company, but even more so when you’re taking money out of your future wedding to start it. For Steve and Angela Watts of Slyde Handboards, it seemed like a no-brainer. On “Shark Tank,” the couple asked for $200,000 for a 15 percent stake in their company. “I’m actually now licensed to marry people, and I’m willing to perform your wedding right here in the Shark Tank,” said O’Leary. Don’t miss Steve and Angela Watts pitch Slyde Handboards Sunday a


It takes a certain amount of willpower to start a company, but even more so when you’re taking money out of your future wedding to start it. For Steve and Angela Watts of Slyde Handboards, it seemed like a no-brainer. On “Shark Tank,” the couple asked for $200,000 for a 15 percent stake in their company. “I’m actually now licensed to marry people, and I’m willing to perform your wedding right here in the Shark Tank,” said O’Leary. Don’t miss Steve and Angela Watts pitch Slyde Handboards Sunday a
‘Shark Tank’ husband, wife team used wedding money to start a company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-17  Authors: claire rodgers, sophia fraioli
Keywords: news, cnbc, companies, watts, used, team, company, steve, husband, money, couple, start, going, angela, think, tank, wife, shark, wedding


'Shark Tank' husband, wife team used wedding money to start a company

It takes a certain amount of willpower to start a company, but even more so when you’re taking money out of your future wedding to start it.

For Steve and Angela Watts of Slyde Handboards, it seemed like a no-brainer. After racking up credit card debt, the couple met a dead-end in their body surfing and water sports business — and “Shark Tank” was like a light at the end of the tunnel.

“Right before we got the call from the producers that we were going to be on the show, I remember the week before crying to Steve, saying that I think I’m going to have to take another job because I don’t know how we’re going to pay rent,” said Angela.

That lucky call was just the beginning.

On “Shark Tank,” the couple asked for $200,000 for a 15 percent stake in their company. The panel of investors were impressed by their dedication to the business — but Kevin O’Leary didn’t think sales were high enough.

That, however, didn’t stop him from giving the couple an unlikely offer.

“I’m actually now licensed to marry people, and I’m willing to perform your wedding right here in the Shark Tank,” said O’Leary. “If you two are ready, let’s do it right now.”

The couple laughed it off and respectfully declined the offer. Later, Steve jokingly told CNBC in an interview that they “kind of wished [they] had done it,” after realizing that even last-minute Las Vegas weddings can get pricey.

“Without the show we wouldn’t be where we are now,” Angela added. “We were at a point where we were so much in debt in our own credit cards, to our family…we really needed it, and it couldn’t have come at a better time.”

Don’t miss Steve and Angela Watts pitch Slyde Handboards Sunday at 7P ET on CNBC.


Company: cnbc, Activity: cnbc, Date: 2018-11-17  Authors: claire rodgers, sophia fraioli
Keywords: news, cnbc, companies, watts, used, team, company, steve, husband, money, couple, start, going, angela, think, tank, wife, shark, wedding


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Coca-Cola CEO on coffee strategy: We’re not going head to head with Starbucks

Coca-Cola’s $5.1 billion acquisition of U.K. coffee chain Costa was less of an effort to take on giants like Starbucks than a move to create a new type of coffee experience, Coca-Cola President and CEO James Quincey tells CNBC. And, actually, while coffee shops exist, the biggest piece is the rest,” Quincey said on “Mad Money.” “Our idea is not to go head to head” with companies like Starbucks and Nestle, which made a $7 billion licensing deal with Starbucks in May, the CEO said. So there’s a ma


Coca-Cola’s $5.1 billion acquisition of U.K. coffee chain Costa was less of an effort to take on giants like Starbucks than a move to create a new type of coffee experience, Coca-Cola President and CEO James Quincey tells CNBC. And, actually, while coffee shops exist, the biggest piece is the rest,” Quincey said on “Mad Money.” “Our idea is not to go head to head” with companies like Starbucks and Nestle, which made a $7 billion licensing deal with Starbucks in May, the CEO said. So there’s a ma
Coca-Cola CEO on coffee strategy: We’re not going head to head with Starbucks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, head, store, starbucks, strategy, safe, piece, ceo, opportunity, billion, going, legal, coffee, cocacola, quincey


Coca-Cola CEO on coffee strategy: We're not going head to head with Starbucks

Coca-Cola’s $5.1 billion acquisition of U.K. coffee chain Costa was less of an effort to take on giants like Starbucks than a move to create a new type of coffee experience, Coca-Cola President and CEO James Quincey tells CNBC.

To Quincey, who joined Jim Cramer for an exclusive interview Friday, the coffee industry has split into three overarching parts: the “ready-to-drink piece,” the “at-home” segment and immediate consumption at coffee shops.

“The biggest piece is in immediate consumption channels. And, actually, while coffee shops exist, the biggest piece is the rest,” Quincey said on “Mad Money.” “Helping other customers have a store in a store and executing coffee within other people’s outlets is a big opportunity for them, and I think there’s a lot of white space to do a lot better around the world.”

Coca-Cola, a $213 billion beverage maker, was criticized by some for paying too much for Costa, a former Whitbread subsidiary with nearly 4,000 international locations, most of them in the United Kingdom.

But the U.K.-born Quincey, who pegged coffee’s total addressable market at roughly $500 billion, sees a yet-unlocked opportunity to deliver quality coffee quickly at existing locations like gas stations and convenience stores.

“Our idea is not to go head to head” with companies like Starbucks and Nestle, which made a $7 billion licensing deal with Starbucks in May, the CEO said.

“Whether you want to call it food service or partnering with customers to get stores on, the express is like the top-end vending machine for coffee that gets a barista experience, whether it’s in a petrol station, a convenience store, at work,” Quincey said. “We have store in stores in cinemas. So there’s a massive opportunity to partner with customers to sell more coffee, really high-quality barista coffee, in someone else’s store.”

But where coffee provides opportunities, cannabis seems laden with obstacles, Quincey said, addressing Coca-Cola’s likelihood to break into the rapidly expanding marijuana market.

While some alcohol brands are already exploring ways to create drinks infused with THC, the psychoactive ingredient in cannabis, Coca-Cola would only consider incorporating CBD, the plant’s non-active, medically inclined component, in its products, the CEO said.

“The way I think about ingredients is the following: Is it legal? Is it safe? And is it consumable?” Quincey said. “Is it legal? It’s not legal in the U.S. It’s not even legal for beverages in Canada yet. Is it safe? Science is out. We believe our consumers want to trust us that our beverages are indisputably safe, and therefore, we want to see consensus science behind any ingredient, whichever one it is.”

“We want to sell drinks that people can drink each day. So it’s not like you have something once,” the CEO continued. “You have one a day. And if you can’t cross [off] those three things of legal, safe and consumable, it’s not an ingredient that’s going to work for us.”

Coca-Cola’s stock hit a new 52-week high in Friday’s trading session, ultimately closing up 0.86 percent at $50.17 a share. The company third-quarter earnings report in late October impressed Wall Street, with 30-percent profit growth and a double-digit sales jump in the company’s Coke Zero Sugar brand.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, head, store, starbucks, strategy, safe, piece, ceo, opportunity, billion, going, legal, coffee, cocacola, quincey


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‘Many British politicians have been liars’ on Brexit, French finance minister says

French Finance Minister Bruno Le Maire slammed pro-Brexit politicians in the U.K., claiming they lied to the public in the run-up to the 2016 referendum. Speaking to CNBC’s Karen Tso at the Women’s Forum in Paris on Thursday, Le Maire said that Brexit was a “historical mistake.” “I think many British politicians have been liars and lied to British people by explaining that it was simple to go out of the European Union without having strong negative consequences on the current daily life of the B


French Finance Minister Bruno Le Maire slammed pro-Brexit politicians in the U.K., claiming they lied to the public in the run-up to the 2016 referendum. Speaking to CNBC’s Karen Tso at the Women’s Forum in Paris on Thursday, Le Maire said that Brexit was a “historical mistake.” “I think many British politicians have been liars and lied to British people by explaining that it was simple to go out of the European Union without having strong negative consequences on the current daily life of the B
‘Many British politicians have been liars’ on Brexit, French finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: spriha srivastava
Keywords: news, cnbc, companies, brexit, liars, referendum, minister, union, politicians, going, face, french, johnson, uk, maire, british, finance


'Many British politicians have been liars' on Brexit, French finance minister says

French Finance Minister Bruno Le Maire slammed pro-Brexit politicians in the U.K., claiming they lied to the public in the run-up to the 2016 referendum.

Speaking to CNBC’s Karen Tso at the Women’s Forum in Paris on Thursday, Le Maire said that Brexit was a “historical mistake.”

“I think many British politicians have been liars and lied to British people by explaining that it was simple to go out of the European Union without having strong negative consequences on the current daily life of the British people,” he said.

“Now you are before the truth and the truth is that going out of the European Union, going out of the (EU’s) single market, going out of one of the most important economic markets of the world is a mistake with very strong negative consequences,” he added.

Although La Maire didn’t name any politicians by name, many other officials have pointed the finger at prominent Brexiteers like former Foreign Secretary Boris Johnson and current Secretary of State for Environment, Food and Rural Affairs Michael Gove. Both spearheaded the Vote Leave campaign during the 2016 Brexit referendum and were severely lambasted for marketing drives that promoted how much cash the U.K.’s health service could be given under a Brexit scenario.

Both Johnson and Gove have previously denied they made false claims to the public and the former has directly defended the promises Vote Leave made on the health service in particular. A spokesperson for Johnson was not immediately available for comment when contacted by CNBC.

On Wednesday, U.K. Prime Minister Theresa May said she had obtained enough support from her senior ministers for a draft Brexit deal to move forward. But market watchers say there are doubts over whether the draft withdrawal agreement will get parliamentary approval in the country.

In short, the draft withdrawal agreement, which runs to 585 pages, envisages the U.K. and EU agreeing a trade deal by the end of 2020, during a 21-month transition period after Brexit — although this can be extended if more time is needed.

“When you are lying to the people, there always comes a moment when you have to pay and explain to people that it wasn’t a right choice. I hope in 15 years British people will realize that it is in their interest to go back to the European Union,” La Maire added on Thursday morning. He also said the U.K. wanted to exit the bloc but still hold onto the benefits of the Union.

“If you want to go out, you go out, that’s your sovereign decision, even if you regret it,” he said.

“From a personal point of view, I do not see the possibility of going back to a second referendum. In 10 to 15 years there will be a new referendum when British people realize that it is in their interest to face the competition of the United States and to face the competition of China, to be together with Germany, with France, with Italy, with Belgium to face the challenges of the new world.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: spriha srivastava
Keywords: news, cnbc, companies, brexit, liars, referendum, minister, union, politicians, going, face, french, johnson, uk, maire, british, finance


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Amazon CEO Jeff Bezos shares the career advice he gives his kids

“When you have a gift and then you work hard, you’re really going to leverage that gift,” said Bezos. “That’s going to make it easier for you to make that choice to work hard,” said Bezos. “You’ll get to work with like-minded people and you’re going to energize the room,” he added. And if you change your mind about your passion, that’s okay, too. “I thought I wanted to be a scientist when I went to Princeton,” said Bezos.


“When you have a gift and then you work hard, you’re really going to leverage that gift,” said Bezos. “That’s going to make it easier for you to make that choice to work hard,” said Bezos. “You’ll get to work with like-minded people and you’re going to energize the room,” he added. And if you change your mind about your passion, that’s okay, too. “I thought I wanted to be a scientist when I went to Princeton,” said Bezos.
Amazon CEO Jeff Bezos shares the career advice he gives his kids Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: zameena mejia, todd williamson, getty images, adriana groisman
Keywords: news, cnbc, companies, really, ceo, wanted, work, kids, jeff, gives, thats, shares, career, bezos, amazon, advice, hard, going, thought, youre, love, passion


Amazon CEO Jeff Bezos shares the career advice he gives his kids

By applying yourself, you can make the most of your talents and really set yourself apart.

“When you have a gift and then you work hard, you’re really going to leverage that gift,” said Bezos.

To that end, he urges his children and everyone starting out in their careers to pursue their passions because that will make it easier to succeed. “That’s going to make it easier for you to make that choice to work hard,” said Bezos.

“You’ll get to work with like-minded people and you’re going to energize the room,” he added. “If you’re doing something you love, the day is going to be so fun.”

And if you change your mind about your passion, that’s okay, too. The business mogul admitted that he was wrong about his first passion.

“I thought I wanted to be a scientist when I went to Princeton,” said Bezos. “I thought I wanted to be a physicist and halfway through, I figured out I wasn’t smart enough to be a physicist.”

Those changes only helped him get closer to his passion. “You’ve gotta figure out what you love,” said Bezos. “And it’s going to bring you great joy.”

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Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: zameena mejia, todd williamson, getty images, adriana groisman
Keywords: news, cnbc, companies, really, ceo, wanted, work, kids, jeff, gives, thats, shares, career, bezos, amazon, advice, hard, going, thought, youre, love, passion


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Cramer’s lightning round: This biotech has the perfect stock for this environment

$93 billion market cap company, run incredibly well. Let’s just take the profit and run, or even, frankly, let’s just go, because we don’t know how that deal’s going to work out.” Qualcomm Inc.: “I don’t know, [the risk-reward is] $3 down, $10 up because you’ve got 5G coming. Fiat Chrysler Automobiles NV: “That’s the best of the automakers, but I don’t really care for the automakers, so I’m going to say take some off the table. I’m going to take a pass on it.”


$93 billion market cap company, run incredibly well. Let’s just take the profit and run, or even, frankly, let’s just go, because we don’t know how that deal’s going to work out.” Qualcomm Inc.: “I don’t know, [the risk-reward is] $3 down, $10 up because you’ve got 5G coming. Fiat Chrysler Automobiles NV: “That’s the best of the automakers, but I don’t really care for the automakers, so I’m going to say take some off the table. I’m going to take a pass on it.”
Cramer’s lightning round: This biotech has the perfect stock for this environment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, lets, thats, lightning, dont, stock, company, right, environment, cramers, biotech, im, risky, run, round, perfect, going, work


Cramer's lightning round: This biotech has the perfect stock for this environment

Thermo Fisher Scientific Inc.: “What a great company. $93 billion market cap company, run incredibly well. That’s my kind of company for this environment.”

Arconic Inc.: “We’re not arbitrageurs. Let’s just take the profit and run, or even, frankly, let’s just go, because we don’t know how that deal’s going to work out.”

Qualcomm Inc.: “I don’t know, [the risk-reward is] $3 down, $10 up because you’ve got 5G coming. But the $3 down might be first.”

Qudian Inc.: “No. Don’t buy. These companies come public, like, every day. The Chinese are bringing so many of their companies — I’m being hyperbolic — but very few of them actually work and this one I don’t want you to touch.”

Fiat Chrysler Automobiles NV: “That’s the best of the automakers, but I don’t really care for the automakers, so I’m going to say take some off the table. It’s too hard a group.”

GameStop Corp.: “No, no. Too risky. Too risky. The only thing in that whole area that we like is Take-Two Interactive. The group is making a comeback. It’s been brutal.”

Arena Pharmaceuticals Inc.: “I think this is one of those ‘to each his own’ [situations]. If you want a spec in that one, I’m not going to fight you. I don’t fight against the specs in that area.”

Encana Corp.: “We’ve got to buy the highest-quality oils now because the patch is so dicey. Encana is not one of those.”

Weight Watchers Intl. Inc.: “Look, [CEO] Mindy Grossman’s terrific, but they didn’t make the quarter, so it’s a show-me situation. I’m going to take a pass on it.”

BP PLC: “BP? Absolutely. They just raised the dividend. The cash flow’s amazing. They’re doing a lot of things right. It’s absurdly valued, which is why the charitable trust is buying it right here.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, lets, thats, lightning, dont, stock, company, right, environment, cramers, biotech, im, risky, run, round, perfect, going, work


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