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Cramer's Lightning Round: Trade Desk is 'great'
  + stars: | 2024-04-10 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon MarineMax's year-to-date stock performance. Stock Chart Icon Stock chart icon Trade Desk's year-to-date stock performance. Trade Desk : "I think Trade Desk is great." Stock Chart Icon Stock chart icon Geron's year-to-date stock performance. Stock Chart Icon Stock chart icon Archer Aviation's year-to-date stock performance.
Persons: It's, Peabody Energy's, we've, Archer Aviation's, it's Organizations: Peabody Energy, Archer Aviation, Uranium Energy
Despite Trump facing legal issues on multiple fronts, including a federal indictment that alleges he illegally conspired to discount votes in the 2020 election, he appears to be cruising to the Republican nomination once again. Raymond James was listed by Goldman and in Barclays' Trump stock basket, according to the Jan. 30 note. A Trump term could benefit energy giants such as Chevron , but also smaller players such as Devon Energy or coal companies such as Peabody Energy , according to Goldman. Another group of industrial companies could get a piece of government spending from expansion of the Mexico border wall under a second Trump administration. Caterpillar was one of the companies involved previously, according to Goldman.
Persons: Donald Trump, Nikki Haley, Trump, Goldman Sachs, Jan Hatzius, Venu Krishna, Goldman, Wells, Piper Sandler, Raymond James Organizations: Trump, Republican, Barclays, Federal Trade Commission, Boston, Vertex Pharmaceuticals, Energy, Republicans, Chevron, Devon Energy, Peabody Energy, Steel Dynamics, Broadcom, Caterpillar Locations: China, Cleveland, Mexico
Weather events known as severe convective storms have led to at least $55.67 billion in insured damage in the U.S. this year through Nov. 13. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Preview SubscribeA Pfizer drug manufacturing plant in North Carolina was extensively damaged by a tornado in July. So was a Georgia facility owned by cabinet maker MasterBrand in January and a Wyoming coal mine owned by Peabody Energy in June. Dozens were injured when a storm pelted a Colorado music venue with golf-ball sized hail, also in June, while a September hailstorm near Austin, Texas, damaged 750 vehicles owned by auto dealership operator Penske Automotive Group .
Persons: Annie Rice, MasterBrand Organizations: Lubbock Avalanche, Pfizer, Peabody Energy, Penske Automotive Group Locations: U.S, North Carolina, Georgia, Wyoming, Colorado, Austin , Texas
Corporate execs and lawyers with business before the Supreme Court mingled with some of the country's most influential jurists. Revelations about Thomas and Crow's relationship have prompted calls in Congress for the Supreme Court to adopt its first-ever binding code of ethics. But as a Supreme Court justice, Kagan is not currently bound by those rules. The Aspen Institute isn't alone in dangling Supreme Court access to lure deep-pocketed donors. Financial support for a public mission flowed one way, and scheduled private time with Supreme Court justices was dispensed in return.
Persons: Meryl Chertoff, Kagan, Michael Chertoff, SCOTUS, Elena Kagan, execs, Brett Kavanaugh, Trump, Kavanaugh, Clarence Thomas, Harlan Crow, Thomas, Kathleen Clark, Louis, Clark, Kavanaugh —, Shook, Hardy, Bacon, Tristan Duncan, Peabody, Christina Sullivan, Brian O'Connor, Sandra Day O'Connor, Lakhani, That's, litigator, George W, Bush, Michael Chertoff's, wasn't, he'd, Chertoff, John Roberts, Gabe Roth, Roth, Crow, Rob Schenck, Tom Monaghan, Jay Sekulow, Sidney Powell —, Sonia Sotomayor's, that's Organizations: Service, Aspen Institute, DC, Aspen, Washington University, Peabody Energy, Peabody, Duncan, Speedway, Supreme, Aspen Institute's Justice, Society, Homeland Security, Chertoff, CNN, The New York Times, Historical Society, Trump, Associated Press, University of Colorado Law School Locations: Wall, Silicon, St, Washington, Pakistan, Chertoff, Aspen Institute isn't
Multnomah County in Oregon is suing oil and gas companies Exxon Mobil , Shell , Chevron , BP, ConocoPhillips and related organizations for the damages caused by the 2021 Pacific Northwest heat dome. Multnomah County said these and other fossil fuel companies and entities operating in the region are significantly responsible for causing and worsening the deadly heat event. Starting on June 25, 2021, Multnomah County had three consecutive days where the heat reached 108, 112 and 116 degrees Fahrenheit, respectively. The heat event is called a heat dome which is a weather event caused by a high-pressure system that in this case prevented cooler maritime winds to blow and also prevented clouds from forming. Jessica Vega Pederson, the chair of Multnomah County, is seeking to protect the residents of the county she represents.
Persons: Shanton Alcaraz, Eddy Norby, Jessica Vega Pederson, Pederson, Caron PC, Thomas, Coon, Frost Organizations: Salvation Army Northwest Division, Exxon Mobil, Shell, BP, ConocoPhillips, Anadarko Petroleum, Occidental Petroleum, American Petroleum Institute, Chevron, Koch Industries, Marathon Petroleum, McKinsey & Company, Motiva, Peabody Energy, Specialties USA, Valero Energy, Western States Petroleum Association, Worthington Locations: Seattle , Washington , U.S, Multnomah County, Oregon, Chevron, Pacific, Occidental
Activist investor Elliott Management unveiled a new stake in a little-known independent music stock during the first quarter, according to recent securities filings. As the energy sector slumped, Singer maintained his $1.49 billion stake in Marathon Petroleum , and positions in Noble Corporation and Suncor Energy . Elliott also liquidated its nearly $47.5 million stake in Aerojet Rocketdyne . On the technology front, Singer maintained his $761.2 million stake in Pinterest , and smaller positions in PayPal and Western Digital . Recent filings show that Elliott, among the largest hedge funds in the world, managed roughly $93.2 billion regulatory assets.
That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.
Philip Morris International — The tobacco maker gained 1.8% following an upgrade by JPMorgan to overweight from neutral. Walmart — Shares of the retail giant rose about 1.5% in premarket trading after Evercore ISI upgraded Walmart to outperform from in-line. Fluence Energy — The energy storage company popped 5.7% following an upgrade by Goldman Sachs to buy from neutral. Peabody Energy — Shares of the major coal producer slid 0.8% after the company confirmed a fire at its Shoal Creek Mine. UBS — U.S.-listed shares of the Swiss bank rose more than 2% in premarket trading, a day after UBS announced Sergio Ermotti would return as CEO to oversee the takeover of Credit Suisse.
"A regime change, if you will, is taking place in the market, where small caps are going to do better," said Francis Gannon, co-chief investment officer at Royce Investment Partners, which focuses on small caps. Now investors are pointing to the recent rally as proof that small caps are on the verge of a prolonged period of outperformance. 'Massively outperform' Michael Sesser, equity portfolio manager of the $558-million DWS Small Cap Core fund, believes small caps will "massively outperform" large caps over the next five to 10 years. Cantaloupe , a retail service digital payments company with a $373 million market cap, and medical imaging provider RadNet ($1.2 billion market cap) are among Sesser's picks. DWS Small Cap also owns metallurgical coal producers serving the steel industry, namely Alpha Metallurgical Resources ($2.7 billion market cap), Arch Resources ($2.6 billion market cap) and Peabody Energy ($4.2 billion market cap).
Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.
But it is spreading across finance, energy, retail and aviation, threatening to push up labour costs in industries facing supply-chain bottlenecks and worker shortages. The turmoil is especially pronounced because union power was curtailed in Australia under laws in place since the 1990s. In the year to June, the average Australian wage rose 2.6%, compared with inflation of 6.1%, according to official data. Despite seven interest-rate hikes since May, inflation is set to climb further before subsiding in 2023, the government says. But in the current climate in Australia, workers are in no mood to back down.
Peabody Energy last week reported a net income of $375.1 million for the three months through September, compared with a $44.2 million loss a year earlier. SYDNEY— Peabody Energy Corp. and Coronado Global Resources Inc. have ended talks over combining to create a new global coal giant valued at about $6 billion. Peabody, the largest U.S. coal producer, and Coronado on Monday said they had agreed to end discussions over a combination that would have brought together assets from North America to Australia. Neither company gave a reason for the failure of the talks or disclosed the financial terms that had been proposed.
Cramer's lightning round: Cano Health is a buy
  + stars: | 2022-11-04 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
Loading chart...Cano Health Inc : "I think it's a buy." I do think that [Johnson & Johnson ] is going to spin off its consumer product company, and that's going to be very, very good." But I think you're okay." Loading chart...Nike Inc : "I don't think buying Nike here is that bad." Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson.
Peabody’s pretax earnings in the second quarter were its highest in more than a decade. ADELAIDE, Australia— Peabody Energy is in talks to combine with an Australian rival that could result in a new global giant worth some $6 billion, illustrating how the coal-price surge that followed Russia’s invasion of Ukraine is transforming the sector’s fortunes. Peabody, the largest American coal producer, is discussing a deal with Coronado Global Resources which has operations in the U.S. and Australia. In a regulatory filing with the Australian Securities Exchange on Wednesday, Coronado said negotiations were occurring.
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