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Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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CNBC's Jim Cramer on Friday reviewed the performance of GigaCloud Technology , a company that offers business-to-business ecommerce systems for large parcel merchandise, like furniture. GigaCloud's stock has soared since it became public in 2022, putting up some great earnings reports, according to Cramer. But last fall, a report from short-seller firm Culper Research called some of the company's business methods into question. Culper also claimed an investigator it sent to some of the company's U.S. warehouses observed "laughably sparse activity" there. "If you take everything about the story at face value, then buying GigaCloud would be a no-brainer," he said.
Persons: CNBC's Jim Cramer, GigaCloud, Cramer, Culper Organizations: GigaCloud Technology, Research Locations: Asia, U.S
Jim Cramer does his homework on GigaCloud
  + stars: | 2024-05-17 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Jim Cramer does his homework on GigaCloud'Mad Money' host Jim Cramer does his homework on GigaCloud Technology and weighs if he would reccomend it for your portfolio.
Persons: Jim Cramer Organizations: Technology
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's something off about GigaCloud's story, says Jim Cramer'Mad Money' host Jim Cramer does his homework on GigaCloud Technology and weighs if he would recommend it for your portfolio.
Persons: Jim Cramer Organizations: Technology
With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. 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.
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Cramer's Lighting Round: Don't buy NuScale Power
  + stars: | 2024-04-25 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Movado Group's year-to-date stock performance. Stock Chart Icon Stock chart icon GigaCloud Technology's year-to-date stock performance. GigaCloud Technology : "It's an ecommerce play that I just don't know enough about...I've got to do work on that one." Stock Chart Icon Stock chart icon NuScale Power's year-to-date stock performance. NuScale Power : "Just go buy GEV...I don't want you to lose any money."
Persons: Movado, GigaCloud, I've, NuScale Organizations: Movado, GigaCloud
Lightning Round: Nuscale Power, Movado Group and more
  + stars: | 2024-04-25 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Nuscale Power, Movado Group and more'Mad Money' host Jim Cramer weighs in on stock including: Movado Group, Gigacloud Tech and Nuscale Power.
Persons: Jim Cramer Organizations: Movado, Gigacloud Tech, Nuscale
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