Cramer Remix: I’d be a buyer of VMware on weakness

VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian. “I like the cloud security space and I’m going to say buy VMware on weakness, the stock’s come down too much,” the “Mad Money” host said. As of Thursday’s market close, VM


VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian. “I like the cloud security space and I’m going to say buy VMware on weakness, the stock’s come down too much,” the “Mad Money” host said. As of Thursday’s market close, VM
Cramer Remix: I’d be a buyer of VMware on weakness Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: tyler clifford
Keywords: news, cnbc, companies, id, security, vmware, remix, space, weakness, software, virtualization, value, buyer, cloud, stocks, cramer


Cramer Remix: I'd be a buyer of VMware on weakness

VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading.

Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian.

“I like the cloud security space and I’m going to say buy VMware on weakness, the stock’s come down too much,” the “Mad Money” host said.

As of Thursday’s market close, VMware shares are nearly $60 below its all-time trading high of $206.80 from May. The information technology firm is a big player in data center virtualization, which allows multiple users to access a physical server via cloud computing.

VMware is a subsidiary of Dell Technologies.

“The company acts as a kind of consultant for businesses that are looking to migrate to the cloud. Once you make that switch, they’ll help clients make sure everything’s running smoothly and even provide security,” Cramer said. “They have a great relationship with Amazon.”

Get a deeper understanding of stocks in the cloud computing space here


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: tyler clifford
Keywords: news, cnbc, companies, id, security, vmware, remix, space, weakness, software, virtualization, value, buyer, cloud, stocks, cramer


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Top tech analyst says electric vehicles from Jaguar and Audi are stealing market share from Tesla

Competition is weighing on Tesla’s sales, according to A.B. The firm said increased competition abroad is responsible for the recent weakness in Tesla’s sales volume. “Our analysis suggests that the deteriorating sales trajectory of the Model S and X may be primarily due to competition, particularly in Europe, from Jaguar and Audi,” said Bernstein’s senior technology analyst, Toni Sacconaghi, in a note to clients on Wednesday.


Competition is weighing on Tesla’s sales, according to A.B. The firm said increased competition abroad is responsible for the recent weakness in Tesla’s sales volume. “Our analysis suggests that the deteriorating sales trajectory of the Model S and X may be primarily due to competition, particularly in Europe, from Jaguar and Audi,” said Bernstein’s senior technology analyst, Toni Sacconaghi, in a note to clients on Wednesday.
Top tech analyst says electric vehicles from Jaguar and Audi are stealing market share from Tesla Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, electric, vehicles, audi, competition, volumeour, sales, trajectory, weakness, technology, share, stealing, tech, analyst, tesla, jaguar, teslas, toni, weighing, market


Top tech analyst says electric vehicles from Jaguar and Audi are stealing market share from Tesla

Competition is weighing on Tesla’s sales, according to A.B. Bernstein.

The firm said increased competition abroad is responsible for the recent weakness in Tesla’s sales volume.

“Our analysis suggests that the deteriorating sales trajectory of the Model S and X may be primarily due to competition, particularly in Europe, from Jaguar and Audi,” said Bernstein’s senior technology analyst, Toni Sacconaghi, in a note to clients on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, electric, vehicles, audi, competition, volumeour, sales, trajectory, weakness, technology, share, stealing, tech, analyst, tesla, jaguar, teslas, toni, weighing, market


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Israel bars Democrats Tlaib and Omar from visiting after Trump claims they hate ‘all Jewish people’

Israel announced Thursday it will not allow U.S. Reps. Ilhan Omar and Rashida Tlaib to visit the country as the two outspoken Muslim American lawmakers had planned. The decision came shortly after President Donald Trump said Israel would be showing “great weakness” if it allowed the two Democrats to visit. “They hate Israel & all Jewish people, & there is nothing that can be said or done to change their minds,” Trump said. Netanyahu confirmed in a statement Thursday morning that Omar and Tlaib w


Israel announced Thursday it will not allow U.S. Reps. Ilhan Omar and Rashida Tlaib to visit the country as the two outspoken Muslim American lawmakers had planned. The decision came shortly after President Donald Trump said Israel would be showing “great weakness” if it allowed the two Democrats to visit. “They hate Israel & all Jewish people, & there is nothing that can be said or done to change their minds,” Trump said. Netanyahu confirmed in a statement Thursday morning that Omar and Tlaib w
Israel bars Democrats Tlaib and Omar from visiting after Trump claims they hate ‘all Jewish people’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: kevin breuninger
Keywords: news, cnbc, companies, entry, claims, bars, jewish, visiting, israels, tlaib, israel, democrats, boycott, visit, weakness, israeli, hate, omar, trump


Israel bars Democrats Tlaib and Omar from visiting after Trump claims they hate 'all Jewish people'

Israel announced Thursday it will not allow U.S. Reps. Ilhan Omar and Rashida Tlaib to visit the country as the two outspoken Muslim American lawmakers had planned.

The decision came shortly after President Donald Trump said Israel would be showing “great weakness” if it allowed the two Democrats to visit.

“They hate Israel & all Jewish people, & there is nothing that can be said or done to change their minds,” Trump said.

“They are a disgrace!”

Omar, who represents a Minnesota district, and Tlaib, who is from Michigan, have been critical of the Israeli government’s treatment of Palestinians. Israel’s U.S. ambassador, Ron Dermer, had previously said they would not be denied entry.

Omar condemned the move in a statement released Thursday afternoon, accusing Israeli Prime Minister Benjamin Netanyahu of caving to pressure from Trump.

“The irony of the ‘only democracy’ in the Middle East making such a decision is that it is both an insult to democratic values and a chilling response to a visit by government officials from an allied nation,” she added.

Tlaib called the move “a sign of weakness,” because “the truth of what is happening to Palestinians is frightening.”

Netanyahu confirmed in a statement Thursday morning that Omar and Tlaib would be denied entry. They were expected to visit the Israeli-occupied West Bank on Friday.

“Congressmen Talib and Omar are leading activists in promoting boycott legislation against Israel in the U.S. Congress,” Netanyahu said. “As a vibrant and free democracy, Israel is open to any critic and criticism, with one exception: Israel’s law prohibits the entry of people who call and operate to boycott Israel, as is the case with other democracies that prevent the entry of people whose perception harms the country.”

The Israeli leader, who has forged an extremely close and supportive relationship with Trump, claimed that Omar and Tlaib “were planning a campaign whose sole purpose was to strengthen the boycott and negate Israel’s legitimacy.” He cited as evidence the fact that they had referred to Israel as “Palestine” and have not attempted to meet with Israeli officials, either in the government or the opposition.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: kevin breuninger
Keywords: news, cnbc, companies, entry, claims, bars, jewish, visiting, israels, tlaib, israel, democrats, boycott, visit, weakness, israeli, hate, omar, trump


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Lagarde will have ‘very little’ left to tackle any euro zone weakness, bank CEO says

The next European Central Bank (ECB) chief will have “very little” ammunition left to prop up the euro zone in times of economic stress, according to the CEO of Austrian banking group Erste. After five years of negative interest rates in the euro zone coupled with other monetary stimulus measures, there are concerns that the ECB is running out of tools. This could put the euro zone in a vulnerable situation as growth in the region remains dormant. “We are now present in a situation where the new


The next European Central Bank (ECB) chief will have “very little” ammunition left to prop up the euro zone in times of economic stress, according to the CEO of Austrian banking group Erste. After five years of negative interest rates in the euro zone coupled with other monetary stimulus measures, there are concerns that the ECB is running out of tools. This could put the euro zone in a vulnerable situation as growth in the region remains dormant. “We are now present in a situation where the new
Lagarde will have ‘very little’ left to tackle any euro zone weakness, bank CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: silvia amaro
Keywords: news, cnbc, companies, tools, treichl, weakness, vulnerable, situation, ceo, ecb, yesterday, left, negative, euro, bank, zone, lagarde, little, tackle


Lagarde will have 'very little' left to tackle any euro zone weakness, bank CEO says

The next European Central Bank (ECB) chief will have “very little” ammunition left to prop up the euro zone in times of economic stress, according to the CEO of Austrian banking group Erste.

After five years of negative interest rates in the euro zone coupled with other monetary stimulus measures, there are concerns that the ECB is running out of tools. This could put the euro zone in a vulnerable situation as growth in the region remains dormant.

“We are now present in a situation where the new governess of the ECB will take over on November 1 and will be in situation that she (President-elect Christine Lagarde) has very, very little that she can still do,” Andreas Treichl told CNBC’s Geoff Cutmore during a panel event at the Salzburg Summit on Friday.

This is “because we already heard yesterday (that) we will, most likely in September, move down another 10 or 20 basis points, which will move the euro into even more negative territory,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: silvia amaro
Keywords: news, cnbc, companies, tools, treichl, weakness, vulnerable, situation, ceo, ecb, yesterday, left, negative, euro, bank, zone, lagarde, little, tackle


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Cramer: Weakness in the industrial economy could push the Fed to cut rates

“The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. Much of the industrial slowdown can be attributed to China, which has impacted companies like Ford and 3M, among others. Align Technology, which makes Invisalign braces, similarly has a “cautious view for growth in the Asia Pacific region” in the third quarter due to the Chinese consumer, CEO Joe Hogan said. Electronics and autos companies are performing better in Br


“The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. Much of the industrial slowdown can be attributed to China, which has impacted companies like Ford and 3M, among others. Align Technology, which makes Invisalign braces, similarly has a “cautious view for growth in the Asia Pacific region” in the third quarter due to the Chinese consumer, CEO Joe Hogan said. Electronics and autos companies are performing better in Br
Cramer: Weakness in the industrial economy could push the Fed to cut rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: tyler clifford
Keywords: news, cnbc, companies, cramer, china, weakness, economy, cut, push, earnings, industrial, consumer, week, rates, companies, chinese, fed, trade


Cramer: Weakness in the industrial economy could push the Fed to cut rates

The consumer and industrial economies are telling conflicting tales this earnings season, and it could be enough to trigger a change in Federal Reserve policy, CNBC’s Jim Cramer said Thursday.

“The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. “And if the president rolls out new tariffs on Chinese imports — that $300 billion — if oil goes down, then one rate cut will not be enough.”

After a string of earnings reports last week that revealed the strength of the consumer, the “Mad Money” host thinks the earnings cycle has “suddenly gone completely schizophrenic” and sent the major averages down on Thursday.The Dow Jones Industrial Average shed nearly 129 points during the session. The S&P 500 dropped 0.53%, and the Nasdaq Composite plunged 1%, a day after setting record closes.

Much of the industrial slowdown can be attributed to China, which has impacted companies like Ford and 3M, among others. In terms of the trade dispute, it appears that China is taking a bigger hit than the U.S., Cramer said, basing his conclusion on earnings conference calls.

CEO Nick Akins of American Electric Power, one of the biggest utilities in the U.S., told shareholders the “biggest economic headwind we have at this point” is the trade war impact.

Align Technology, which makes Invisalign braces, similarly has a “cautious view for growth in the Asia Pacific region” in the third quarter due to the Chinese consumer, CEO Joe Hogan said. The company’s shares plummeted 27% off its second quarter report.

Electronics and autos companies are performing better in Brazil, Canada and Mexico than in China, which Cramer called “bizarre.”

“Here’s the thing about this slowdown: If it pressures the Chinese government to make a deal, that’s great for our companies,” the host said. “But if China just digs in and takes the pain, it’s a real problem for the rest of the world. Their pain is not our gain.”

The U.S. and China are expected to hold face-to-face trade talks in China next week. Negotiators struck a truce in June and agreed to hold off on further tariff hikes, but it remains to be seen if a more permanent deal will be made in the near future to stave off additional levies.

“This industrial weakness is a serious problem. It will not go away unless the Fed steps on the accelerator and does so soon, if only to offset the weakness being exported here … from China,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: tyler clifford
Keywords: news, cnbc, companies, cramer, china, weakness, economy, cut, push, earnings, industrial, consumer, week, rates, companies, chinese, fed, trade


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Shares of ad giant Publicis plunge after cut to revenue guidance

Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance. Late Thursday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012 in early trading on Friday. The company posted organic growth of 0.1% against analyst expectations of 0.7% for the quarter and put its 2020 targets under review. Brokerage Liberum downgraded Publicis to “hold” from “b


Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance. Late Thursday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012 in early trading on Friday. The company posted organic growth of 0.1% against analyst expectations of 0.7% for the quarter and put its 2020 targets under review. Brokerage Liberum downgraded Publicis to “hold” from “b
Shares of ad giant Publicis plunge after cut to revenue guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: lucy handley
Keywords: news, cnbc, companies, plunge, liberum, giant, north, america, guidance, main, company, shares, publicis, weakness, ad, growth, cut, revenue


Shares of ad giant Publicis plunge after cut to revenue guidance

Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance.

Late Thursday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012 in early trading on Friday.

The company posted organic growth of 0.1% against analyst expectations of 0.7% for the quarter and put its 2020 targets under review.

Arthur Sadoun, the company’s chair and chief executive, said the company’s $4.4 billion acquisition of data marketing business Epsilon was the main reason for the review.

North America, one of its main markets, was down 1.7%, due to some of its consumer-packaged goods (CPG) clients spending less on traditional advertising, the company said in a statement. CPG makes up around 25% of its clients overall.

Brokerage Liberum downgraded Publicis to “hold” from “buy,” according to Reuters. “Operationally, the weakness in North America is the biggest concern given Publicis is the strongest player in North American media buying, which should be the highest margin part of the business and we now have two major agencies (WPP and Publicis) both having weakness in North America, which raises questions as to what is happening in this particular market,” Liberum wrote.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: lucy handley
Keywords: news, cnbc, companies, plunge, liberum, giant, north, america, guidance, main, company, shares, publicis, weakness, ad, growth, cut, revenue


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Hide out in this chipmaker stock in case of semiconductor weakness, expert says

In the past three months, the SMH semiconductor ETF has fallen more than 1%, missing out on the broader S&P 500’s 3% rally. Indiscriminate selling in the group could open up opportunity for stock pickers, he added. Nvidia is the worst performer of the SMH ETF over the past three months, falling 16% since early April. Mark Newton, technical analyst at Newton Advisors, says any weakness should be bought ahead of what could be a sharp near-term rally. “I’d be a buyer of any further weakness into [t


In the past three months, the SMH semiconductor ETF has fallen more than 1%, missing out on the broader S&P 500’s 3% rally. Indiscriminate selling in the group could open up opportunity for stock pickers, he added. Nvidia is the worst performer of the SMH ETF over the past three months, falling 16% since early April. Mark Newton, technical analyst at Newton Advisors, says any weakness should be bought ahead of what could be a sharp near-term rally. “I’d be a buyer of any further weakness into [t
Hide out in this chipmaker stock in case of semiconductor weakness, expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: keris lahiff
Keywords: news, cnbc, companies, newton, demand, case, right, chipmaker, levels, index, hide, semiconductor, past, really, weakness, nvidia, stock, group, expert


Hide out in this chipmaker stock in case of semiconductor weakness, expert says

Demand worries are putting pressure on the chipmaker trade.

In the past three months, the SMH semiconductor ETF has fallen more than 1%, missing out on the broader S&P 500’s 3% rally.

The group added to losses on Friday after Samsung warned that weak memory chip demand could have reduced second-quarter profit by as much as 56%.

“The Samsung news shouldn’t be a surprise to anyone. Smartphone unit sales are down, memory chips have been weak for a while so you’ve got both supply and demand issues there,” said Mark Tepper, president of Strategic Wealth Partners, on CNBC’s “Trading Nation ” on Friday.

Indiscriminate selling in the group could open up opportunity for stock pickers, he added.

“The best way to really play this right now is to be selective,” said Tepper. “Invest in companies that allow you to participate in the highest growth end markets… like AI, autonomous vehicles, data center, gaming so the company we like here is Nvidia. We like Nvidia because it gives us exposure to all of those areas. ”

Nvidia is the worst performer of the SMH ETF over the past three months, falling 16% since early April. It is also 45% off its all-time high set last October.

“They did have some issues last year with their crypto exposure but those troubles are behind them so it looks like a good buy at this level,” said Tepper.

Mark Newton, technical analyst at Newton Advisors, says any weakness should be bought ahead of what could be a sharp near-term rally.

“It’s still right to be bullish on the semiconductors,” said Newton during the same segment. “I’d be a buyer of any further weakness into [this] week and think that the group likely carries up to levels right near 1570 to 1600 on the SOX Philadelphia Semiconductor index. ”

A move as high as 1600 on the SOX index implies 9% upside from current levels. It would also return to the index to its April all-time peak.

However, the longer-term outlook still carries some uncertainty, Newton adds.

“This peak that we saw this past April-May really occurred at lower levels of momentum so I’d really be a seller into the fall in semis but for now I still think it’s really the right place to be,” he said.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: keris lahiff
Keywords: news, cnbc, companies, newton, demand, case, right, chipmaker, levels, index, hide, semiconductor, past, really, weakness, nvidia, stock, group, expert


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Facebook stock pops as investors anticipate its cryptocurrency announcement this week

‘The rally could last a lot longer than most people expect,’ Jim…”They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…Mad Money with Jim Cramerread more


‘The rally could last a lot longer than most people expect,’ Jim…”They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…Mad Money with Jim Cramerread more
Facebook stock pops as investors anticipate its cryptocurrency announcement this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: steve kovach
Keywords: news, cnbc, companies, learn, theyre, know, longer, theirmad, facebook, cryptocurrency, lot, rally, announcement, weakness, stock, money, week, pops, youve, investors, anticipate


Facebook stock pops as investors anticipate its cryptocurrency announcement this week

‘The rally could last a lot longer than most people expect,’ Jim…

“They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…

Mad Money with Jim Cramer

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Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: steve kovach
Keywords: news, cnbc, companies, learn, theyre, know, longer, theirmad, facebook, cryptocurrency, lot, rally, announcement, weakness, stock, money, week, pops, youve, investors, anticipate


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Boeing inks deal to provide parts for rival Airbus planes

‘The rally could last a lot longer than most people expect,’ Jim…”They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…Mad Money with Jim Cramerread more


‘The rally could last a lot longer than most people expect,’ Jim…”They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…Mad Money with Jim Cramerread more
Boeing inks deal to provide parts for rival Airbus planes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: leslie josephs
Keywords: news, cnbc, companies, learn, theyre, know, longer, inks, airbus, lot, rally, planes, boeing, weakness, money, theirmad, rival, provide, youve, parts, deal


Boeing inks deal to provide parts for rival Airbus planes

‘The rally could last a lot longer than most people expect,’ Jim…

“They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…

Mad Money with Jim Cramer

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Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: leslie josephs
Keywords: news, cnbc, companies, learn, theyre, know, longer, inks, airbus, lot, rally, planes, boeing, weakness, money, theirmad, rival, provide, youve, parts, deal


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General Electric gets crushed, and there could be more weakness to come

General Electric is on its worst losing streak of the year. “This is a stock we’ve been bearish on for a while and we’re still bearish on and recommend selling.” “What’s notable about [Monday’s] weakness is that it’s occurring below the bearish slope of the stock’s 200-day moving average,” said Wald. “What this is showing is that the near term is lining up with the long-term weakness. Sanchez adds that GE’s turnaround plans will take years to bear fruit, a time frame that could test investors’ p


General Electric is on its worst losing streak of the year. “This is a stock we’ve been bearish on for a while and we’re still bearish on and recommend selling.” “What’s notable about [Monday’s] weakness is that it’s occurring below the bearish slope of the stock’s 200-day moving average,” said Wald. “What this is showing is that the near term is lining up with the long-term weakness. Sanchez adds that GE’s turnaround plans will take years to bear fruit, a time frame that could test investors’ p
General Electric gets crushed, and there could be more weakness to come Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: keris lahiff, scott mlyn, brendan mcdermid, spencer platt, getty images, lucas jackson, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, turnaround, gets, electric, crushed, trading, wald, weakness, come, ge, stock, tusa, general, value, ges, bearish


General Electric gets crushed, and there could be more weakness to come

General Electric is on its worst losing streak of the year.

Its shares tumbled more than 5 percent Monday, its fourth session in the red and its longest stretch of losses since December.

The charts are sending a clear signal to Ari Wald, head of technical analysis at Oppenheimer.

“The technicals are saying to sell it,” Wald said Monday on CNBC’s “Trading Nation.” “This is a stock we’ve been bearish on for a while and we’re still bearish on and recommend selling.”

J.P. Morgan analyst Stephen Tusa is also bearish. His downgrade to sell set off GE’s plunge Monday, its deepest drop since early December. Tusa also cut his price target to $5 from $6.

Wald said one technical indicator suggests more downside to come for GE.

“What’s notable about [Monday’s] weakness is that it’s occurring below the bearish slope of the stock’s 200-day moving average,” said Wald. “What this is showing is that the near term is lining up with the long-term weakness. We see this as a resumption of GE’s long-term downtrend.”

Monday’s sell-off aside, GE has outperformed the market this year. It has roared 48 percent higher off its Dec. 11 bottom and roughly doubled the gains seen across the broader market.

“This recent bounce really is what happens when you get a stock that goes down 67 percent and is trading nearly at option value,” said Gina Sanchez, CEO of Chantico Global, on “Trading Nation” on Monday.

Though GE has raced off its lows, it remains 37 percent below its 52-week high set in May.

Sanchez adds that GE’s turnaround plans will take years to bear fruit, a time frame that could test investors’ patience. GE CEO Larry Culp has targeted 2020 and 2021 as years when the company’s performance will show marked improvement.

“That’s a long time from now and between now and then we’re probably going to have an economic slowdown,” said Sanchez. “It’s not a good environment to be pulling off a turnaround and I think that is really what’s going to keep this stock from bouncing much higher than its option value bounce.”


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: keris lahiff, scott mlyn, brendan mcdermid, spencer platt, getty images, lucas jackson, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, turnaround, gets, electric, crushed, trading, wald, weakness, come, ge, stock, tusa, general, value, ges, bearish


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