Stocks making the biggest moves after hours: Facebook, Microsoft, Tesla and more

Microsoft shares jumped more than 3% after hours Wednesday after the company posted better-than-expected third-quarter earnings. Shares of Tesla seesawed after market close Wednesday based on disappointing first-quarter earnings. Chipotle shares were volatile in extended trading Wednesday following the release of the restaurant company’s first-quarter earnings. PayPal shares dropped as much as 2% after hours Wednesday after releasing the online payments company’s first-quarter earnings. Earnings


Microsoft shares jumped more than 3% after hours Wednesday after the company posted better-than-expected third-quarter earnings. Shares of Tesla seesawed after market close Wednesday based on disappointing first-quarter earnings. Chipotle shares were volatile in extended trading Wednesday following the release of the restaurant company’s first-quarter earnings. PayPal shares dropped as much as 2% after hours Wednesday after releasing the online payments company’s first-quarter earnings. Earnings
Stocks making the biggest moves after hours: Facebook, Microsoft, Tesla and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: maggie fitzgerald, niall carson, pa images, getty images
Keywords: news, cnbc, companies, stocks, hours, share, billion, cents, making, microsoft, analysts, firstquarter, company, revenue, moves, facebook, refinitiv, estimates, earnings, biggest, tesla


Stocks making the biggest moves after hours: Facebook, Microsoft, Tesla and more

Facebook beat on top and bottom—Here’s what three experts are watching now 1 Hour Ago | 02:59

Check out the companies making headlines after the bell:

Shares of Facebook popped more than 7% in extended trading Wednesday following the release of the social media giant’s first-quarter earnings. Facebook reported earnings per share of 85 cents, which was not comparable to analysts’ estimates due to a $3 billion legal expense related to a Federal Trade Commission inquiry into Facebook’s privacy policies.

Revenue came in at $15.08 billion, topping Wall Street’s $14.98 billion forecast, according to Refinitiv. Daily active users increased 8% year over year to total 1.56 billion. Average revenue per user was $6.42, beating estimates of $6.39.

Microsoft shares jumped more than 3% after hours Wednesday after the company posted better-than-expected third-quarter earnings. The second largest company by market valuation, behind Apple, earned $30.57 billion in revenue during the period. That tops estimates of $29.84 billion, according to analysts surveyed by Refinitiv. Earnings per share were $1.14, higher than the $1.00 expected by analysts.

Shares of Tesla seesawed after market close Wednesday based on disappointing first-quarter earnings. Elon Musk’s automaker reported a loss of $2.90 on revenue of $4.54 billion. Analysts expected a loss of 69 cents on revenue of $5.19 billion per Refinitiv.

Chipotle shares were volatile in extended trading Wednesday following the release of the restaurant company’s first-quarter earnings. Chipotle posted revenue of $1.31 billion, beating estimates of $1.26 billion. Earnings per share were $3.40, compared to the $3.01 forecast on the Street.

Chipotle’s same store sales grew 9.9%, topping estimates of 7.3%.

PayPal shares dropped as much as 2% after hours Wednesday after releasing the online payments company’s first-quarter earnings. The Venmo parent company earned $4.13 billion in revenue, in line with estimates. Earnings per share came in at 78 cents, beating expectations by 10 cents, according to analysts surveyed by Refinitiv. PayPal’s total payment volume was $161 billion, while Venmo’s was $21 billion.

The company revealed that Venmo’s payment platform has 40 million users, the first time it has shared this metric.

Shares of Visa dipped 1% after market close Wednesday despite posting better-than-expected earnings. For the first quarter Visa earned $5.49 billion in revenue, slightly higher the expected $5.47 billion. Earnings per share were $1.31, higher than analysts’ estimates of $1.24. Visa’s stock is up more than 22% year to date.

Shares of Xilinx plummeted more than 11% in extended trading Wednesday despite better-than-expected fourth-quarter earnings. The semiconductor company reported earnings in line with estimates at 94 cents per share. Revenue was $828 million, lower than the expected $825 million, according to Refinitiv. Xilinx’s stock is up about 64% year to date.

Xilinx also announced they are acquiring networking technology company Solarflare.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: maggie fitzgerald, niall carson, pa images, getty images
Keywords: news, cnbc, companies, stocks, hours, share, billion, cents, making, microsoft, analysts, firstquarter, company, revenue, moves, facebook, refinitiv, estimates, earnings, biggest, tesla


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Stocks reclaim record highs, but investor enthusiasm is lacking

Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies. The S&P 500 and Nasdaq both surpassed their September closing highs on Tuesday after a string of solid earnings news. Putting it in that context, I would say I’m not as worried about the market as a lot of people. Redler, who watches the short term technicals, said the S&P first pressed the 2,900 level as earnings season started. Redler said stocks have


Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies. The S&P 500 and Nasdaq both surpassed their September closing highs on Tuesday after a string of solid earnings news. Putting it in that context, I would say I’m not as worried about the market as a lot of people. Redler, who watches the short term technicals, said the S&P first pressed the 2,900 level as earnings season started. Redler said stocks have
Stocks reclaim record highs, but investor enthusiasm is lacking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: patti domm
Keywords: news, cnbc, companies, fed, started, redler, highs, ones, worried, reclaim, sp, investor, stocks, lacking, earnings, enthusiasm, market, record, say


Stocks reclaim record highs, but investor enthusiasm is lacking

Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies.

The S&P 500 and Nasdaq both surpassed their September closing highs on Tuesday after a string of solid earnings news. The Dow is still about a percent away from its high, at 26,656.

“We’ve essentially just gone back to September. People look at this 17% year-to-date move and say it seems like an unsustainable trend. We have to keep in mind we’re now flat to where we were back in September,” said Jack Ablin, CIO of Cresset Wealth Advisors. “This is just taking back the correction. Putting it in that context, I would say I’m not as worried about the market as a lot of people. In the earnings reports, there were some blockbuster surprises.”

T3Live.com’s Scott Redler said investors continue to doubt the market, even as some indexes hit highs.

“The sentiment is typically not bullish,” he said. “Everyone is worried about… trade wars, while passive money comes in and the market marches higher.”

Redler, who watches the short term technicals, said the S&P first pressed the 2,900 level as earnings season started. The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — rallied and that helped lead the market. Now those names and related tech favorites are the ones to watch when Facebook and Microsoft report earnings Wednesday, followed by Amazon on Thursday.

Beyond that, the market will also soon be tested by the Fed, which meets May 1. Redler said stocks have been moving higher since the Fed “pivot,” when officials started to signal that more interest rate hikes were unlikely. Some market pros believe the Fed will even cut interest rates before it ever raises them again.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: patti domm
Keywords: news, cnbc, companies, fed, started, redler, highs, ones, worried, reclaim, sp, investor, stocks, lacking, earnings, enthusiasm, market, record, say


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Stocks making the biggest moves midday: AT&T, Domino’s Pizza, eBay & more

Check out the companies making headlines midday Wednesday:Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. The company also reported first-quarter earnings that were in line with expectations. AT&T — Shares of AT&T fell 4% after the company missed Wall Street estimates for first-quarter revenue due to the weaker-than-expected sales in its WarnerMedia unit. Biogen


Check out the companies making headlines midday Wednesday:Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. The company also reported first-quarter earnings that were in line with expectations. AT&T — Shares of AT&T fell 4% after the company missed Wall Street estimates for first-quarter revenue due to the weaker-than-expected sales in its WarnerMedia unit. Biogen
Stocks making the biggest moves midday: AT&T, Domino’s Pizza, eBay & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: fred imbert, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, share, shares, revenue, ebay, dominos, stock, sales, pizza, making, moves, att, midday, company, reported, stocks, biggest, rose, earnings, firstquarter


Stocks making the biggest moves midday: AT&T, Domino's Pizza, eBay & more

Check out the companies making headlines midday Wednesday:

Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate.

Anadarko Petroleum — The energy company’s stock jumped 12% after Occidental Petroleum announced a bid of $76 a share for Anadarko, topping an earlier offer from Chevron. Occidental’s bid values Anadarko at $57 billion.

Caterpillar — The industrial giant’s stock fell 2.5% after CFO Andrew Bonfield told Bloomberg News the company’s China sales are being impeded by aggressive price competition. Bonfield’s comments overshadowed earnings that topped analyst expectations.

Boeing — Boeing shares rose 0.9% despite the aircraft manufacturer announcing it is pausing share buybacks and withdrawing its full-year guidance, noting its troubles with the 737 Max aircraft. Boeing’s stock had been struggling after two of its 737 Max jets crashed within 5 months. The company also reported first-quarter earnings that were in line with expectations.

Texas Instruments — Texas Instruments rose 2% after posting better than expected first-quarter earnings and revenue. The company reported quarterly profit of $1.26 on revenue of $3.59 billion. Analysts polled by Refinitv expected a profit of $1.13 per share on sales of $3.48 billion. However, Texas Instruments warned that slowdown of microchip demand may persist in upcoming quarters.

AT&T — Shares of AT&T fell 4% after the company missed Wall Street estimates for first-quarter revenue due to the weaker-than-expected sales in its WarnerMedia unit. AT&T also reported a surprise increase in wireless customers, and said it would pay off 75% of the debt incurred in its Time Warner deal by the end of the year.

Biogen — Biogen’s stock dipped nearly 2% after the biotech company halted the trial for its Alzheimer’s drug last month, which shocked investors as the drug was expected to be a blockbuster. The news overshadowed stronger-than-expected first-quarter earnings. Biogen reported earnings of $6.98 per share for the first quarter, beating a Refinitiv estimate of $6.87 per share.

Best Buy — Best Buy gained more than 2% after Jefferies upgraded the stock to buy from hold, calling the electronics retailer “a new big blue.” The bank is bullish on Best Buy’s push into services including tech support and in-home advice program.

EBay — Shares of eBay rose more than 4% after the online auction site reported better-than-expected quarterly earnings. EBay posted adjusted earnings of 67 cents per share, topping a Refinitiv estimate of 63 cents. Transaction revenue hit $2.11 billion, more than a FactSet estimate of $2.01 billion.

—CNBC’s Nadine El-Bawab , Yun Li and Matt Lavietes contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: fred imbert, jason alden, bloomberg, getty images
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These stocks are the biggest winners in the market’s incredible rebound back to a record

Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas Eve low of 2,351.10 all the way to 2,933.68 at Tuesday’s close. The comeback is being led by the technology sector, the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. The consumer discretionary and industrial sec


Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas Eve low of 2,351.10 all the way to 2,933.68 at Tuesday’s close. The comeback is being led by the technology sector, the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. The consumer discretionary and industrial sec
These stocks are the biggest winners in the market’s incredible rebound back to a record Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: yun li
Keywords: news, cnbc, companies, markets, sectors, trips, tuesdays, 500, winners, sp, way, eve, nearly, stocks, rebound, biggest, incredible, record, christmas


These stocks are the biggest winners in the market's incredible rebound back to a record

Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Here are the front-runners in this epic comeback.

Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas Eve low of 2,351.10 all the way to 2,933.68 at Tuesday’s close.

The comeback is being led by the technology sector, the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. The consumer discretionary and industrial sectors have also scored returns of more than 30% since the late-2018 plunge.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: yun li
Keywords: news, cnbc, companies, markets, sectors, trips, tuesdays, 500, winners, sp, way, eve, nearly, stocks, rebound, biggest, incredible, record, christmas


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Stocks making the biggest moves premarket: Tesla, Coca-Cola, Twitter, Verizon, Hasbro & more

Coca-Cola — The beverage giant beat estimates by 2 cents a share, with adjusted quarterly profit of 48 cents per share. Verizon — Verizon earned an adjusted $1.20 per share for the first quarter, 3 cents a share above estimates. Twitter — Twitter’s quarterly earnings came in at an adjusted 37 cents per share, well above the consensus estimate of 15 cents a share. Hasbro — The toymaker reported a quarterly profit of 21 cents per share, surprising analysts who had expected an 11 cents per share lo


Coca-Cola — The beverage giant beat estimates by 2 cents a share, with adjusted quarterly profit of 48 cents per share. Verizon — Verizon earned an adjusted $1.20 per share for the first quarter, 3 cents a share above estimates. Twitter — Twitter’s quarterly earnings came in at an adjusted 37 cents per share, well above the consensus estimate of 15 cents a share. Hasbro — The toymaker reported a quarterly profit of 21 cents per share, surprising analysts who had expected an 11 cents per share lo
Stocks making the biggest moves premarket: Tesla, Coca-Cola, Twitter, Verizon, Hasbro & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: peter schacknow
Keywords: news, cnbc, companies, premarket, revenue, quarterly, making, share, cents, forecasts, quarter, profit, twitter, tesla, hasbro, stocks, estimate, estimates, adjusted, biggest, moves, verizon, cocacola


Stocks making the biggest moves premarket: Tesla, Coca-Cola, Twitter, Verizon, Hasbro & more

Check out the companies making headlines before the bell:

United Technologies — The aerospace company reported an adjusted $1.91 per share for the first quarter, 20 cents a share above estimates. Revenue also came in above Wall Street forecasts, and the company raised its full-year outlook.

Coca-Cola — The beverage giant beat estimates by 2 cents a share, with adjusted quarterly profit of 48 cents per share. Revenue came in above forecasts as well. Coca-Cola benefited from improved sales of water and new soft drink flavors.

Procter & Gamble — The consumer products maker earned an adjusted $1.06 per share for its latest quarter, 3 cents a share above estimates. Revenue topped Wall Street forecasts and P&G raised its organic sales growth outlook.

Verizon — Verizon earned an adjusted $1.20 per share for the first quarter, 3 cents a share above estimates. Revenue was slightly below forecasts, however, but Verizon did boost its full-year guidance.

Twitter — Twitter’s quarterly earnings came in at an adjusted 37 cents per share, well above the consensus estimate of 15 cents a share. Revenue also beat forecasts. Twitter’s monetizable daily users — a new metric — rose by eight million to 134 million, also exceeding analysts’ forecasts.

Hasbro — The toymaker reported a quarterly profit of 21 cents per share, surprising analysts who had expected an 11 cents per share loss. Revenue was well above expectations, and the company said its overall results were helped by cost savings and higher profit margins.

Lockheed Martin — The defense contractor earned $5.99 per share for the first quarter, well above the consensus estimate of $4.34 a share. Revenue also came in above Wall Street forecasts and Lockheed Martin raised its full-year outlook.

Harley-Davidson — Harley earned 80 cents per share for the first quarter, beating the consensus estimate of 65 cents per share. Revenue beat forecasts, as well, and Harley’s U.S. market share increased.

Whirlpool — Whirlpool reported adjusted quarterly profit of $3.11 per share, beating the consensus estimate of $2.86 a share. Revenue fell below forecasts, however. Whirlpool said it expected lower costs from tariffs and raw materials this year.

Exxon Mobil — Exxon Mobil struck a 20-year liquefied natural gas supply agreement with China’s Zhejiang Energy. Financial details were not disclosed.

Dow Inc. — Dow locked out union workers at its Deer Park, Texas, chemical plant after members of the United Steelworks Union rejected its latest contract proposal.

Tesla — CEO Elon Musk said the automaker’s robotaxis with no human drivers would hit some U.S. markets next year. He made the pronouncement at an investor webcast presentation. Musk also said: “It’s financially insane to buy anything other than a Tesla,” says the CEO of the electric auto maker. It would be like owning a horse in three years.”

Sprint — Sprint and AT&T have settled a lawsuit in which Sprint had accused its rival of deceptive advertising over its “5G E” branding. Terms of the settlement weren’t announced, but an AT&T spokesman told CNBC that the two sides have “amicably” settled the matter.

Facebook — Facebook hired State Department lawyer Jennifer Newstead as its general counsel, and also named former Microsoft public relations chief John Pinette as its new vice president of global communications.

PG&E — PG&E will add another director to its board with experience in the utility industry, as well as adding a safety specialist as an executive advisor. The moves are part of an agreement by the California utility with activist investor BlueMountain Capital Management.

Lyft — Lyft was rated “buy” in new coverage at both Stifel Nicolaus and Jefferies, with both citing the growth of the ride-sharing industry and Lyft’s strong No. 2 position in the market.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: peter schacknow
Keywords: news, cnbc, companies, premarket, revenue, quarterly, making, share, cents, forecasts, quarter, profit, twitter, tesla, hasbro, stocks, estimate, estimates, adjusted, biggest, moves, verizon, cocacola


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Stocks moving after hours: Snap, eBay, Texas Instruments and more

Snap, the maker of Snapchat, reported a 10 cent loss per share, compared to the estimated loss of 12 cents per share. Shares of eBay rose 5% after hours Tuesday after reporting first-quarter earnings. Texas Instruments shares fell more than 2%, after initially jumping more than 4%, after the bell Tuesday based on the semiconductors company’s better-than-expected first-quarter earnings. Texas Instruments estimates second quarter earnings per share of between $1.12 and $1.32 and revenue between $3


Snap, the maker of Snapchat, reported a 10 cent loss per share, compared to the estimated loss of 12 cents per share. Shares of eBay rose 5% after hours Tuesday after reporting first-quarter earnings. Texas Instruments shares fell more than 2%, after initially jumping more than 4%, after the bell Tuesday based on the semiconductors company’s better-than-expected first-quarter earnings. Texas Instruments estimates second quarter earnings per share of between $1.12 and $1.32 and revenue between $3
Stocks moving after hours: Snap, eBay, Texas Instruments and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: maggie fitzgerald, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, billion, share, texas, ebay, stocks, cents, estimates, reported, million, snap, instruments, loss, firstquarter, revenue, earnings, moving, hours


Stocks moving after hours: Snap, eBay, Texas Instruments and more

Check out the companies making headlines after the bell:

Shares of Snap soared as much as 10%, before paring gains to trade just 1% up, in extended trading Tuesday following the release of the company’s strong first-quarter earnings. Snap, the maker of Snapchat, reported a 10 cent loss per share, compared to the estimated loss of 12 cents per share. Revenue was $320 million, topping estimates of $307 million, according to Refinitiv. Revenue grew 39%, outpacing last quarter’s 36% growth. The company sited improvements to its ad tools for its better-than-expected revenue growth.

Snap’s global daily active users came in at 190 million, topping estimates of 187.22 million. Average revenue per user was $1.68, slightly higher than the $1.62 forecast by analysts.

Shares of eBay rose 5% after hours Tuesday after reporting first-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 67 cents on revenue of $2.64 billion. Wall Street expected earnings per share of 63 cents on revenue of $2.58 billion, according to Refinitiv.

Gross merchandise value came in below estimates at $22.59 billion. Analysts expected $23.25 billion.

Kraft Heinz shares ticked lower after market close Tuesday after CNBC reported the company is weighing the sale of its Ore-Ida frozen potato business. The business could yield a valuation of $1.5 to $2 billion.

Texas Instruments shares fell more than 2%, after initially jumping more than 4%, after the bell Tuesday based on the semiconductors company’s better-than-expected first-quarter earnings. Texas Instruments earned $3.59 billion in revenue, beating the forecast $3.48 billion. Earnings per share were $1.26, higher than the $1.13 analysts predicted.

Texas Instruments estimates second quarter earnings per share of between $1.12 and $1.32 and revenue between $3.46 billion and $3.74 billion.

Shares of Hawaiian Holdings fell slightly in after hours trade Tuesday after reporting strong first-quarter earnings. The parent company of Hawaiian Airlines reported earnings per share of 67 cents, higher than the estimated 64 cents according to Refinitiv. Revenue was $657 million, compared to the $656 million forecast by analysts.

Shares of iRobot tanked 16% in extended trading Tuesday after missing on revenue for the first-quarter. The maker of robot vacuum Roomba earned $237.7 million in revenue, compared to the $251.4 million forecast by analysts. Earnings per share came in at 78 cents, topping estimates of 60 cents per share per Refinitiv.

Six Flags shares popped as much as 3% before paring gains in extended trading Tuesday following the release of the theme park company’s first-quarter earnings beat. Six Flags reported a loss of 82 cents per share on revenues of $128.2 million. Analysts had expected a loss per share of 86 cents on revenues of $123.6 million, according to Refinitiv.

Six Flags saw a 8% decrease in the number of guests for the first-quarter. The company’s CEO told CNBC’s Closing Bell the decrease was due to the Easter holiday shifting out of the first-quarter.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: maggie fitzgerald, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, billion, share, texas, ebay, stocks, cents, estimates, reported, million, snap, instruments, loss, firstquarter, revenue, earnings, moving, hours


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Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs

Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said. “Short-sellers provided the ammo for today’s biggest winners: Hasbro, Qualcomm, Twitter, Kohl’s,” the “Mad Money” host said. And the shorts, Cramer said, helped the S&P 500 and Nasdaq Composite close at record highs following a collection of strong quarterly reports. Twitter was able to blow away the numbers and


Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said. “Short-sellers provided the ammo for today’s biggest winners: Hasbro, Qualcomm, Twitter, Kohl’s,” the “Mad Money” host said. And the shorts, Cramer said, helped the S&P 500 and Nasdaq Composite close at record highs following a collection of strong quarterly reports. Twitter was able to blow away the numbers and
Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, twitter, record, company, share, kohls, stocks, bolstered, qualcomm, investors, markets, stock, betting, cramer, highs, hasbro, shorts, apple


Cramer: Investors betting against Hasbro and Twitter bolstered markets to record highs

Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said.

Each stock saw double-digit percentage gains during the session, with the exception of Qualcomm, although the company touched a 52-week high in the session.

“Short-sellers provided the ammo for today’s biggest winners: Hasbro, Qualcomm, Twitter, Kohl’s,” the “Mad Money” host said. “Their pain is your gain.”

Short-sellers, whose strategy is to borrow a company’s shares and turn a profit if its price falls, tend to push a stock even higher if their prediction backfires, as they rush to sell and mitigate their losses.

And the shorts, Cramer said, helped the S&P 500 and Nasdaq Composite close at record highs following a collection of strong quarterly reports. The Dow Jones Industrial Average added 155 points.

“Days like today remind us that short-sellers can serve as rocket fuel for a bull market,” Cramer said. “In other words, when the shorts finally throw in the towel and give up on the stocks they love to hate, these stocks tend to explode higher.”

Hasbro, the company behind iconic products such as Monopoly, G.I. Joe, and Furby, gained more than 14% Tuesday after shocking analysts with its earnings announcement. The toymaker delivered a quarterly profit of 21 cents per share, in stark contrast to the 11 cents per share loss that was expected.

While the closure of Toys R Us was a “disruption” to Hasbro’s operations and left it with extra inventory, CEO Brian Goldner told Cramer in a February interview that the company had worked out those challenges. Furthermore, Ollie’s Bargain Outlet CEO Mark Butler, Cramer pointed out, said in a separate interview that business had never been better in part because it picked up toy market share by taking Toys R Us inventory.

“That was your all-clear for Hasbro. It’s when the stock went from being an annuity short to a terrific long, like it used to be,” Cramer said. “And I bet Hasbro’s got a lot more room to run. Remember, they have licensing deals with Disney, meaning they’re gonna make a killing from the new “Avengers” movie … and the new “Star Wars” out later this year.”

Qualcomm caught a spark after settling a royalty dispute with Apple and ending ongoing legal battles between the companies. The deal included an agreement which likely means that Apple will buy chips from Qualcomm for future iPhones.

Qualcomm traded as high as $87.96 Tuesday before finishing at $86.72.

“The smart money was betting that Apple would win because so many companies have challenged Qualcomm for monopolistic pricing over the years,” Cramer said. “Qualcomm’s a fabulous company and without the Apple case weighing on its stock, it deserves to go still higher — especially since Apple’s going to keep buying their chips for the iPhone.”

Cramer said Twitter has been a tough stock to own, but it made one of the biggest moves Tuesday after the company reported earnings of 37 cents per share, more than double what analysts expected. The social media platform improved its advertising and sports programs in the quarter, the host said.

Twitter was able to blow away the numbers and could get more upgrades along the way, Cramer said.

Kohl’s has been facing the same troubles that has plagued other retailers, but the shorts didn’t expect the department chain to expand its return program with Amazon to all of its 1,100 locations. On top of that, Amazon took a 1% stake in the company, Cramer added.

“It’s a homerun, people. Talk about if you can’t beat ’em, join ’em. That’s why Kohl’s vaulted nearly 12% today. The shorts were crushed. It’s not done,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, twitter, record, company, share, kohls, stocks, bolstered, qualcomm, investors, markets, stock, betting, cramer, highs, hasbro, shorts, apple


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Cramer’s lightning round: I’m sticking with this gold stock pick

Align Technology: “Look, they’ve got Danaher … [and] 3M against them and you know what, Align still owns the market. Johnson & Johnson: “I think Johnson & Johnson is the earnings, the fundamentals versus — O.K., listen up — versus talc. Enlink Midstream LLC: “It’s a good midstream, but I gotta tell you something: these stocks are like wasting assets. I no longer recommend any pipeline stocks. I’m trying to save people money and I can’t if I recommend a pipeline stock.”


Align Technology: “Look, they’ve got Danaher … [and] 3M against them and you know what, Align still owns the market. Johnson & Johnson: “I think Johnson & Johnson is the earnings, the fundamentals versus — O.K., listen up — versus talc. Enlink Midstream LLC: “It’s a good midstream, but I gotta tell you something: these stocks are like wasting assets. I no longer recommend any pipeline stocks. I’m trying to save people money and I can’t if I recommend a pipeline stock.”
Cramer’s lightning round: I’m sticking with this gold stock pick Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, owns, pick, im, recommend, stocks, stock, lightning, versus, tell, pipeline, cramers, gold, oh, sticking, johnson, know, round


Cramer's lightning round: I'm sticking with this gold stock pick

CarGurus Inc.: “Well, I gotta tell you my viewers, including you Scott, are smarter than I am. I like Carmax, but we are going to do a deep dive on Cargurus because of exactly what you just told us. Because you teach us.”

Iamgold Corp.: “Well, you know what, I am not gold. I am Barrick Gold. I like the work of [CEO] Dr. Mark Bristow … That would be the way I go.”

Align Technology: “Look, they’ve got Danaher … [and] 3M against them and you know what, Align still owns the market. I was too negative. Align as got it going.”

Johnson & Johnson: “I think Johnson & Johnson is the earnings, the fundamentals versus — O.K., listen up — versus talc. And I happen to be a believer that JNJ will prevail. Now I know that is a minority view and it’s why JNJ keeps failing at $140, but my charitable trust owns it and we’re sticking with it.”

Electronic Arts: “You know, the gaming stocks they are just a battleground and I don’t want to be in a battleground, it’s too hard.”

Enlink Midstream LLC: “It’s a good midstream, but I gotta tell you something: these stocks are like wasting assets. I no longer recommend any pipeline stocks. I’m trying to save people money and I can’t if I recommend a pipeline stock.”

NextEra Energy Inc.: “Oh, I love a growth utility and that is one of the best. I should be recommending it more. I’m too focused on Dominion [Energy] and AEP. I should put NEE in there.”

Baidu Inc.: “Baidu’s good. Now we know that Baidu has got a very strong track record, but Alibaba is my favorite. Baidu is my second favorite.”

KKR & Co. Inc.: “Oh, I like KKR. C’mon, they’re brilliant guys. I know the distribution’s low right now, but I’m never gonna go against those guys. And yes, I was in favor of Blackstone more than those guys.”

Canopy Growth Corp.: “Canopy? I like Canopy. It just had a big spike. You buy a little and then you let it come down.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, owns, pick, im, recommend, stocks, stock, lightning, versus, tell, pipeline, cramers, gold, oh, sticking, johnson, know, round


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Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock

Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock16 Hours AgoTwitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.


Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock16 Hours AgoTwitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.
Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, weigh, analysts, stock, strong, earningsheres, say, stocks, stock16, surged, beats, quarter, experts


Twitter beats analysts' earnings–Here's what four experts say is next for the stock

Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock

16 Hours Ago

Twitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.


Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, weigh, analysts, stock, strong, earningsheres, say, stocks, stock16, surged, beats, quarter, experts


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Why this internet analyst is neutral on Twitter

Why this internet analyst is neutral on Twitter16 Hours AgoCNBC’s “Power Lunch” team is joined by Aaron Kessler of Raymond James and CNBC’s Julia Boorstin to discuss how social media stocks are trading as earnings for Twitter, Facebook and Snap Inc. are released this week.


Why this internet analyst is neutral on Twitter16 Hours AgoCNBC’s “Power Lunch” team is joined by Aaron Kessler of Raymond James and CNBC’s Julia Boorstin to discuss how social media stocks are trading as earnings for Twitter, Facebook and Snap Inc. are released this week.
Why this internet analyst is neutral on Twitter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, social, internet, week, released, raymond, twitter16, snap, neutral, stocks, team, trading, analyst


Why this internet analyst is neutral on Twitter

Why this internet analyst is neutral on Twitter

16 Hours Ago

CNBC’s “Power Lunch” team is joined by Aaron Kessler of Raymond James and CNBC’s Julia Boorstin to discuss how social media stocks are trading as earnings for Twitter, Facebook and Snap Inc. are released this week.


Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, social, internet, week, released, raymond, twitter16, snap, neutral, stocks, team, trading, analyst


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