‘Shark Tank’: Kids of 9/11 firefighter get their late dad’s invention a deal with Williams Sonoma


‘Shark Tank’: Kids of 9/11 firefighter get their late dad’s invention a deal with Williams Sonoma Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, tank, firefighter, williams, kids, dads, deal, invention, late, shark, sonoma



Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, tank, firefighter, williams, kids, dads, deal, invention, late, shark, sonoma


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Tesla earnings in the spotlight as investors look for clues about demand, Model 3 margins

With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for its Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream carmaker with a foothold in China, the world’s largest market for electric vehicles today. In October 2018, Tesla said its gross margins on the Model 3 were “more than 20%.” It u


With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for its Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream carmaker with a foothold in China, the world’s largest market for electric vehicles today. In October 2018, Tesla said its gross margins on the Model 3 were “more than 20%.” It u
Tesla earnings in the spotlight as investors look for clues about demand, Model 3 margins Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, getty images
Keywords: news, cnbc, companies, quarter, margins, electric, look, spotlight, sedans, cars, clues, late, tesla, company, vehicles, mode, investors, model, earnings, demand


Tesla earnings in the spotlight as investors look for clues about demand, Model 3 margins

With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for its Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream carmaker with a foothold in China, the world’s largest market for electric vehicles today.

Among some of its recent challenges, sales of Tesla’s Model 3 lagged behind analysts’ expectations in the first three months of 2019, just as the company had to pay off around $1 billion in bond obligations and other deferred debts. To rein in spending, Tesla slowed production of its older Model S and X vehicles, laid off thousands of employees and closed what it said were underperforming stores.

In October 2018, Tesla said its gross margins on the Model 3 were “more than 20%.” But in the first quarter of this year, it dropped prices on the electric sedans, in part to make them accessible to buyers in the U.S., but especially in China. One of the big questions with Wednesday’s report will be how those price changes have affected margins.

CEO Elon Musk urged employees from all divisions to volunteer to deliver cars to customers before the end of the quarter, indicating that Tesla is still struggling with what the CEO called “delivery and logistics hell” in late 2018.

But the company also showed some forward motion during the quarter. It unveiled its long-anticipated Model Y crossover SUV and introduced a new V3 Supercharger to let Tesla drivers power up their cars a bit faster. It also delivered over-the-air software updates to cars, including Dog Mode and Sentry Mode, which delighted drivers.

Tesla is expected to post a loss of 69 cents per share on revenue of $5.2 billion, according to a consensus of analysts surveyed by Refinitiv.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, getty images
Keywords: news, cnbc, companies, quarter, margins, electric, look, spotlight, sedans, cars, clues, late, tesla, company, vehicles, mode, investors, model, earnings, demand


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China eyeing Trump’s late May Japan trip for potential Xi summit

One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May. The two sides have been discussing


One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May. The two sides have been discussing
China eyeing Trump’s late May Japan trip for potential Xi summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: kayla tausche
Keywords: news, cnbc, companies, president, trump, potential, negotiations, xi, china, visit, trip, late, end, trumps, japan, eyeing, summit


China eyeing Trump's late May Japan trip for potential Xi summit

As the U.S. and China work through the final stages of trade negotiations, Chinese officials are identifying international travel dates on President Donald Trump’s calendar that might offer potential for a summit off of U.S. soil, according to three sources briefed on negotiations.

One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude.

Neither the White House nor the Embassy of Japan would confirm the trip, in which Trump would be the first foreign leader received by Crown Prince Naruhito after he accedes to the throne on May 1.

But the three sources briefed on the negotiations, requesting anonymity to protect their relationships with the Trump administration, said it’s one option being considered. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May.

“I would say we’ll know over the next four weeks,” Trump told reporters gathered in the Oval Office on April 5 for an event with the Chinese vice premier. “It may take two weeks after that to get it papered, but over the next fairly short period of time, we’re going to know.”

While that timeline would put the target end date right around Trump’s trip to Japan, Treasury Secretary Steven Mnuchin said talks would not be bound by an “arbitrary timeline,” and the South China Morning Post threw cold water on a deal being done by then.

Erin Ennis, senior vice president at the US-China Business Council, suggested a later June meeting – perhaps on the sidelines of the G20 at the end of the month – would be more feasible.

“It seems like both sides want to have the deal completed first before they’re willing to discuss when and where a summit would happen,” Ennis told CNBC.

In late January, China initially invited Pres. Trump to meet Pres. Xi on the island of Hainan in the South China Sea. The White House countered with Mar-a-Lago, one venue that still remains under consideration. But China has also suggested that if its president were to travel to the U.S. solely to announce a trade agreement, it would need to be in the form of an official state visit. The two sides have been discussing a potential state visit by Xi since 2018.

The May 26-28 trip was previously reported by the Japan Times.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: kayla tausche
Keywords: news, cnbc, companies, president, trump, potential, negotiations, xi, china, visit, trip, late, end, trumps, japan, eyeing, summit


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5 last-minute tax tips for late filers

If you’re waiting until the absolute last moment to file your taxes, you’re not alone. In fact, 20% to 25% of Americans wait until the last 14 days before the deadline to prepare their returns. But procrastinating is more troublesome this year because it’s the first time taxpayers are filing under the Tax Cuts and Jobs Act. Still, for those 11th-hour filers, it’s not too late to make a few last minute moves that could trim your bill — and save you money. Here’s how:


If you’re waiting until the absolute last moment to file your taxes, you’re not alone. In fact, 20% to 25% of Americans wait until the last 14 days before the deadline to prepare their returns. But procrastinating is more troublesome this year because it’s the first time taxpayers are filing under the Tax Cuts and Jobs Act. Still, for those 11th-hour filers, it’s not too late to make a few last minute moves that could trim your bill — and save you money. Here’s how:
5 last-minute tax tips for late filers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: jessica dickler, sharon epperson
Keywords: news, cnbc, companies, save, taxpayers, late, filers, youre, returns, tax, waiting, lastminute, trim, taxes, troublesome, wait, tips


5 last-minute tax tips for late filers

If you’re waiting until the absolute last moment to file your taxes, you’re not alone.

In fact, 20% to 25% of Americans wait until the last 14 days before the deadline to prepare their returns. But procrastinating is more troublesome this year because it’s the first time taxpayers are filing under the Tax Cuts and Jobs Act.

Still, for those 11th-hour filers, it’s not too late to make a few last minute moves that could trim your bill — and save you money. Here’s how:


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: jessica dickler, sharon epperson
Keywords: news, cnbc, companies, save, taxpayers, late, filers, youre, returns, tax, waiting, lastminute, trim, taxes, troublesome, wait, tips


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McDonald’s is trimming its late night menu

McDonald’s is cutting back its late-night menu offerings. In addition to speedier service, the menu changes should ease the burden on employees working the late shift. Business Insider first reported the changes coming to the late-night menu. Fan favorites like the Big Mac, Chicken McNuggets, all day breakfast items and McCafe products will still be available. The fast food giant first rolled out its “After Midnight” menu in 2013.


McDonald’s is cutting back its late-night menu offerings. In addition to speedier service, the menu changes should ease the burden on employees working the late shift. Business Insider first reported the changes coming to the late-night menu. Fan favorites like the Big Mac, Chicken McNuggets, all day breakfast items and McCafe products will still be available. The fast food giant first rolled out its “After Midnight” menu in 2013.
McDonald’s is trimming its late night menu Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: amelia lucas, luke sharrett, bloomberg, getty images
Keywords: news, cnbc, companies, favorites, insider, night, fast, late, latenight, changes, items, trimming, menu, midnight, mcdonalds, breakfast


McDonald's is trimming its late night menu

McDonald’s is cutting back its late-night menu offerings.

“Starting April 30 (at participating McDonald’s restaurants nationwide), we’ll be simplifying what’s served after midnight so customers can get the most popular favorites as fast as possible,” McDonald’s spokeswoman Andrea Abate said in a statement.

In addition to speedier service, the menu changes should ease the burden on employees working the late shift.

Business Insider first reported the changes coming to the late-night menu. Items like the Filet-O-Fish, premium salads and buttermilk crispy tenders will no longer be available from midnight to 5 a.m., according to Business Insider. Fan favorites like the Big Mac, Chicken McNuggets, all day breakfast items and McCafe products will still be available.

The fast food giant first rolled out its “After Midnight” menu in 2013. Night owls can buy a selection of breakfast and lunch items from still-open locations from midnight to 5 a.m.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: amelia lucas, luke sharrett, bloomberg, getty images
Keywords: news, cnbc, companies, favorites, insider, night, fast, late, latenight, changes, items, trimming, menu, midnight, mcdonalds, breakfast


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Mark Zuckerberg’s call for tougher Internet regulation won’t save Facebook from these investigations

Since then, the company has faced growing scrutiny from its users and even employees as more privacy scandals unraveled throughout 2018. Facebook also met analysts’ expectations for daily and monthly active users, which clocked in at 1.52 billion and 2.32 billion, respectively. Facebook still faces a number of investigations and charges from various agencies in the U.S. and abroad, which combined, have the potential to levy significant fines. There are several agencies thought to be still invest


Since then, the company has faced growing scrutiny from its users and even employees as more privacy scandals unraveled throughout 2018. Facebook also met analysts’ expectations for daily and monthly active users, which clocked in at 1.52 billion and 2.32 billion, respectively. Facebook still faces a number of investigations and charges from various agencies in the U.S. and abroad, which combined, have the potential to levy significant fines. There are several agencies thought to be still invest
Mark Zuckerberg’s call for tougher Internet regulation won’t save Facebook from these investigations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-31  Authors: lauren feiner, christophe morin, getty images news, getty images, tom williams, cq-roll call group
Keywords: news, cnbc, companies, tougher, billion, scandals, save, internet, facebook, agencies, late, wont, facebooks, company, mark, users, zuckerbergs, investigations, regulation, thought


Mark Zuckerberg's call for tougher Internet regulation won't save Facebook from these investigations

Facebook CEO Mark Zuckerberg backed stronger government regulation of the Internet on Saturday, but it may be too little too late for a company that remains mired in controversy and subject to investigations and possible fines around the world.

It’s been over a year since the public learned that a U.K.-based political consulting firm called Cambridge Analytica exploited Facebook’s business model to influence the U.S. presidential election in 2016. Since then, the company has faced growing scrutiny from its users and even employees as more privacy scandals unraveled throughout 2018.

Though Facebook’s top executives were hauled in to face critical congressional leaders, its users and investors don’t seem to care. The company, which has a market value over $475 billion, posted a strong Q4 2018 earnings report in January. Facebook also met analysts’ expectations for daily and monthly active users, which clocked in at 1.52 billion and 2.32 billion, respectively. Despite all the scandals, its stock price is up more than 4 percent over the past year, trading at $166.69 as of Friday’s close.

If users don’t care, regulators might. Facebook still faces a number of investigations and charges from various agencies in the U.S. and abroad, which combined, have the potential to levy significant fines.

There are several agencies thought to be still investigating or charging Facebook over its data practices, although several agencies declined to confirm the status of their investigations. A Facebook spokesperson did not provide comment for this article and declined to confirm which government entities are still probing its business. The company has previously said it is cooperating with government agencies at home and abroad.

Here are some of the government arms that are thought to be scrutinizing Facebook as of late March:


Company: cnbc, Activity: cnbc, Date: 2019-03-31  Authors: lauren feiner, christophe morin, getty images news, getty images, tom williams, cq-roll call group
Keywords: news, cnbc, companies, tougher, billion, scandals, save, internet, facebook, agencies, late, wont, facebooks, company, mark, users, zuckerbergs, investigations, regulation, thought


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Mark Zuckerberg’s call for tougher Internet regulation won’t save Facebook from these investigations

Since then, the company has faced growing scrutiny from its users and even employees as more privacy scandals unraveled throughout 2018. Facebook also met analysts’ expectations for daily and monthly active users, which clocked in at 1.52 billion and 2.32 billion, respectively. Facebook still faces a number of investigations and charges from various agencies in the U.S. and abroad, which combined, have the potential to levy significant fines. There are several agencies thought to be still invest


Since then, the company has faced growing scrutiny from its users and even employees as more privacy scandals unraveled throughout 2018. Facebook also met analysts’ expectations for daily and monthly active users, which clocked in at 1.52 billion and 2.32 billion, respectively. Facebook still faces a number of investigations and charges from various agencies in the U.S. and abroad, which combined, have the potential to levy significant fines. There are several agencies thought to be still invest
Mark Zuckerberg’s call for tougher Internet regulation won’t save Facebook from these investigations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-31  Authors: lauren feiner, christophe morin, getty images news, getty images, tom williams, cq-roll call group
Keywords: news, cnbc, companies, tougher, billion, scandals, save, internet, facebook, agencies, late, wont, facebooks, company, mark, users, zuckerbergs, investigations, regulation, thought


Mark Zuckerberg's call for tougher Internet regulation won't save Facebook from these investigations

Facebook CEO Mark Zuckerberg backed stronger government regulation of the Internet on Saturday, but it may be too little too late for a company that remains mired in controversy and subject to investigations and possible fines around the world.

It’s been over a year since the public learned that a U.K.-based political consulting firm called Cambridge Analytica exploited Facebook’s business model to influence the U.S. presidential election in 2016. Since then, the company has faced growing scrutiny from its users and even employees as more privacy scandals unraveled throughout 2018.

Though Facebook’s top executives were hauled in to face critical congressional leaders, its users and investors don’t seem to care. The company, which has a market value over $475 billion, posted a strong Q4 2018 earnings report in January. Facebook also met analysts’ expectations for daily and monthly active users, which clocked in at 1.52 billion and 2.32 billion, respectively. Despite all the scandals, its stock price is up more than 4 percent over the past year, trading at $166.69 as of Friday’s close.

If users don’t care, regulators might. Facebook still faces a number of investigations and charges from various agencies in the U.S. and abroad, which combined, have the potential to levy significant fines.

There are several agencies thought to be still investigating or charging Facebook over its data practices, although several agencies declined to confirm the status of their investigations. A Facebook spokesperson did not provide comment for this article and declined to confirm which government entities are still probing its business. The company has previously said it is cooperating with government agencies at home and abroad.

Here are some of the government arms that are thought to be scrutinizing Facebook as of late March:


Company: cnbc, Activity: cnbc, Date: 2019-03-31  Authors: lauren feiner, christophe morin, getty images news, getty images, tom williams, cq-roll call group
Keywords: news, cnbc, companies, tougher, billion, scandals, save, internet, facebook, agencies, late, wont, facebooks, company, mark, users, zuckerbergs, investigations, regulation, thought


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Joe Biden to discuss how he would roll out a 2020 run, which he could announce as late as Easter week

Joe Biden wants to declare whether he will run for president as late as Easter week, according to people familiar with the matter, and he plans to meet with top advisors next week to discuss how he would roll out a 2020 campaign. Biden, who ran for president in 1988 and 2008, would also launch a campaign from his home state of Delaware, this person added. The former vice president and his advisors have discussed including infrastructure reform in his 2020 policy initiatives, CNBC first reported


Joe Biden wants to declare whether he will run for president as late as Easter week, according to people familiar with the matter, and he plans to meet with top advisors next week to discuss how he would roll out a 2020 campaign. Biden, who ran for president in 1988 and 2008, would also launch a campaign from his home state of Delaware, this person added. The former vice president and his advisors have discussed including infrastructure reform in his 2020 policy initiatives, CNBC first reported
Joe Biden to discuss how he would roll out a 2020 run, which he could announce as late as Easter week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: brian schwartz, saul loeb, afp, getty images
Keywords: news, cnbc, companies, 2020, late, run, easter, infrastructure, democratic, announce, told, president, voters, week, discuss, joe, biden, roll, trump, way


Joe Biden to discuss how he would roll out a 2020 run, which he could announce as late as Easter week

Joe Biden wants to declare whether he will run for president as late as Easter week, according to people familiar with the matter, and he plans to meet with top advisors next week to discuss how he would roll out a 2020 campaign.

Biden and his confidants are slated to hold a series of meetings in Washington, D.C., where they will talk about the themes he would feature in a campaign announcement video, giving voters a preview of his platform, according to a person with direct knowledge of the plans.

Biden, who ran for president in 1988 and 2008, would also launch a campaign from his home state of Delaware, this person added.

A spokesman for Biden declined to comment.

The former vice president and his advisors have discussed including infrastructure reform in his 2020 policy initiatives, CNBC first reported in March.

An emphasis on infrastructure would give Biden an opportunity to directly challenge President Donald Trump on a key aspect of the president’s “Make America Great Again” agenda. The Trump administration’s infrastructure proposal, which suggested $200 billion in federal spending would trigger $1.5 trillion in investments, failed to gain traction in Congress when the Republican Party controlled both chambers.

The meetings are the latest indication that Biden, who also represented Delaware in the U.S. Senate for more than three decades, is inching closer to a likely run for president in 2020. Biden generally leads polls of Democratic primary voters, ahead of Sens. Bernie Sanders of Vermont and Kamala Harris of California.

Still, people close to Biden warn that even as he says he is leaning toward running, he has not made a final decision on jumping into the crowded Democratic field.

The latest development also comes after some skeptical Democratic financiers told Biden they will not back him in the early goings of the growing primary. The donors told Biden that they’re not yet convinced he can overtake the younger, more diverse and progressive field, and that they are going to wait to see how he competes in the race, CNBC has reported.

Meanwhile, Biden has been on what some have described as an apology tour.

On Tuesday, he spoke at the Biden Courage Awards ceremony and addressed the way he handled interviewing Anita Hill during the 1991 Senate confirmation hearing of Supreme Court Justice Clarence Thomas.

“I wish I could have done something,” he said. “To this day I regret I couldn’t come up with a way to give her the kind of hearing she deserved.”


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: brian schwartz, saul loeb, afp, getty images
Keywords: news, cnbc, companies, 2020, late, run, easter, infrastructure, democratic, announce, told, president, voters, week, discuss, joe, biden, roll, trump, way


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Cramer Remix: These FANG stocks are heating up once again

Cramer Remix: These FANG stocks are heating up once again 9 Hours Ago | 01:00The so-called FANG shares have yet to regain their momentum since bouncing from lows during the December sell-off and gave way to the cloud stocks and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday. He called on Dan Fitzpatrick, the founder and CEO of Stock Market Mentor and Cramer’s RealMoney.com colleague, who saw interesting chart action in some of the FANG stocks, including the data privacy-t


Cramer Remix: These FANG stocks are heating up once again 9 Hours Ago | 01:00The so-called FANG shares have yet to regain their momentum since bouncing from lows during the December sell-off and gave way to the cloud stocks and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday. He called on Dan Fitzpatrick, the founder and CEO of Stock Market Mentor and Cramer’s RealMoney.com colleague, who saw interesting chart action in some of the FANG stocks, including the data privacy-t
Cramer Remix: These FANG stocks are heating up once again Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: tyler clifford, fred dufour, afp, getty images, scott mlyn, adam jeffery
Keywords: news, cnbc, companies, facebook, remix, stocks, market, stock, heating, momentum, think, host, cramer, late, fang


Cramer Remix: These FANG stocks are heating up once again

Cramer Remix: These FANG stocks are heating up once again 9 Hours Ago | 01:00

The so-called FANG shares have yet to regain their momentum since bouncing from lows during the December sell-off and gave way to the cloud stocks and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday.

But with the tide of the market turning, current conditions could present an opportunity for the group to get its “groove” back, the “Mad Money” host said. He called on Dan Fitzpatrick, the founder and CEO of Stock Market Mentor and Cramer’s RealMoney.com colleague, who saw interesting chart action in some of the FANG stocks, including the data privacy-troubled Facebook.

Negative headlines doomed Facebook in 2018 and the stock plummeted too fast and too far as investors thought it would lose its gigantic user base, Cramer said. Fitzpatrick’s charts show that the company has climbed above its 200-day moving average, which makes technical analysts think the stock can be bought again, the host said.

Following a strong fourth quarter report, the stock price has gained more than 30 percent this year and is 5 percent off its mark a year ago.

“Fitzpatrick notes that Facebook has been in [a] resting phase since its big spike in late January,” Cramer said. “Late last week, Facebook started breaking out and Fitz thinks the volatility squeeze could result in some significant upside.”

The technician, who has a knack for making calls on battered internet stocks, also foresees some positive action in other FANG stocks like Google-parent Alphabet and Amazon, Cramer said.

“Some parts of FANG have definitely gotten their groove back. I think FB and Alphabet are worth buying right here,” he said. “Maybe wait for the breakout before picking up Amazon.”

Get a deeper look at FANG’s momentum here.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: tyler clifford, fred dufour, afp, getty images, scott mlyn, adam jeffery
Keywords: news, cnbc, companies, facebook, remix, stocks, market, stock, heating, momentum, think, host, cramer, late, fang


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Cramer Remix: These FANG stocks are heating up once again

Cramer Remix: These FANG stocks are heating up once again 9 Hours Ago | 01:00The so-called FANG shares have yet to regain their momentum since bouncing from lows during the December sell-off and gave way to the cloud stocks and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday. He called on Dan Fitzpatrick, the founder and CEO of Stock Market Mentor and Cramer’s RealMoney.com colleague, who saw interesting chart action in some of the FANG stocks, including the data privacy-t


Cramer Remix: These FANG stocks are heating up once again 9 Hours Ago | 01:00The so-called FANG shares have yet to regain their momentum since bouncing from lows during the December sell-off and gave way to the cloud stocks and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday. He called on Dan Fitzpatrick, the founder and CEO of Stock Market Mentor and Cramer’s RealMoney.com colleague, who saw interesting chart action in some of the FANG stocks, including the data privacy-t
Cramer Remix: These FANG stocks are heating up once again Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: tyler clifford, fred dufour, afp, getty images, scott mlyn, adam jeffery
Keywords: news, cnbc, companies, facebook, remix, stocks, market, stock, heating, momentum, think, host, cramer, late, fang


Cramer Remix: These FANG stocks are heating up once again

Cramer Remix: These FANG stocks are heating up once again 9 Hours Ago | 01:00

The so-called FANG shares have yet to regain their momentum since bouncing from lows during the December sell-off and gave way to the cloud stocks and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday.

But with the tide of the market turning, current conditions could present an opportunity for the group to get its “groove” back, the “Mad Money” host said. He called on Dan Fitzpatrick, the founder and CEO of Stock Market Mentor and Cramer’s RealMoney.com colleague, who saw interesting chart action in some of the FANG stocks, including the data privacy-troubled Facebook.

Negative headlines doomed Facebook in 2018 and the stock plummeted too fast and too far as investors thought it would lose its gigantic user base, Cramer said. Fitzpatrick’s charts show that the company has climbed above its 200-day moving average, which makes technical analysts think the stock can be bought again, the host said.

Following a strong fourth quarter report, the stock price has gained more than 30 percent this year and is 5 percent off its mark a year ago.

“Fitzpatrick notes that Facebook has been in [a] resting phase since its big spike in late January,” Cramer said. “Late last week, Facebook started breaking out and Fitz thinks the volatility squeeze could result in some significant upside.”

The technician, who has a knack for making calls on battered internet stocks, also foresees some positive action in other FANG stocks like Google-parent Alphabet and Amazon, Cramer said.

“Some parts of FANG have definitely gotten their groove back. I think FB and Alphabet are worth buying right here,” he said. “Maybe wait for the breakout before picking up Amazon.”

Get a deeper look at FANG’s momentum here.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: tyler clifford, fred dufour, afp, getty images, scott mlyn, adam jeffery
Keywords: news, cnbc, companies, facebook, remix, stocks, market, stock, heating, momentum, think, host, cramer, late, fang


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