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☆ The risk of a recession could flare up if the Fed waits too long to cut rates, top economist Mohamed El-Erian says
▼ + stars: | 2024-02-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

At this point, only a disorderly financial adjustment or a central bank policy mistake could tip the balance, such as if the Fed hesitates to cut rates when the time comes. AdvertisementJanuary's inflation data did give the central bank reason to hold for longer, as Tuesday's report came in hotter than investors anticipated. Failure to come through with three cuts would also be a policy mistake. Generally, the US economy is suffering a "stock problem," as the market's rally been built on excessive Fed cut expectations. Instead, the CPI data provided a wake-up call for carried-away investors, El-Erian said, which explains Tuesday's market overreaction to the report.

Persons: —, Mohamed El, Erian, they've, Dow Jones Organizations: Service, Federal, CNBC, Business, Queens ' College

☆ The Nasdaq 100 is out of control, says Ritholtz's Josh Brown
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Nasdaq 100 is out of control, says Ritholtz's Josh BrownJosh Brown, Ritholtz Wealth, joins 'Closing Bell' to discuss if the market response to the CPI report was a blow to the bulls of a market overreaction.

Persons: Ritholtz's Josh Brown Josh Brown

☆ Watch CNBC’s full interview with Ritholtz's Josh Brown and T. Rowe Price’s Sebastien Page
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ritholtz's Josh Brown and T. Rowe Price’s Sebastien PageRitholtz Wealth's Josh Brown and T. Rowe Price’s Sebastien Page, join 'Closing Bell' to discuss if the market response to the CPI report was a blow to the bulls of a market overreaction.

Persons: Ritholtz's Josh Brown, Rowe Price’s Sebastien Page Ritholtz, Josh Brown, Rowe Price’s Sebastien Page

BANGKOK (AP) — Two years after Thailand made pot legal, the country appears set to crack down on its freewheeling drug market with a ban on “recreational” use. The Health Minister Chonlanan Srikaew said last week that he had recommended a draft bill to the Cabinet that would ban recreational cannabis use while allowing medical. The party’s stronghold is in the poor Northeast, where it promised farmers cannabis would be a new cash crop. Anutin had promised that cannabis would be allowed only for medical use, but in practice the market was nearly unregulated. But, she said, widespread recreational cannabis has created social problems such as youth drug abuse.

Persons: Chonlanan Srikaew, Anutin Charnvirakul, Anutin, Bhumjaithai —, Kalyapat, Kitty ” Chopaka, ” Rattapon Sanrak, Thailand’s, “ Sellers …, ” Organizations: Health, Bhumjaithai Party, Narcotics, Health Ministry, Party, ” Cannabis Locations: BANGKOK, Thailand, Asia, Bangkok

☆ Expedia shares plunge on weak air travel bookings and news the CEO is stepping down
▼ + stars: | 2024-02-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

Expedia shares sank 19% on Friday after the company saw softness in air travel bookings and its CEO resigned. While delivering an earnings-per-share beat and in-line revenue in the fourth quarter, bookings fell short, "largely driven by a reduction in average ticket prices" for air travel, management said during its post-earnings conference call. Investors also received the unexpected news that Expedia CEO Peter Kern will be stepping down after four years at the helm. While Expedia stock didn't look good, Cramer acknowledged that management led by Kern "has done a great job" in bringing the company out of Covid when nobody was traveling. EXPE 5Y mountain Expedia 5 years Expedia said it sees "some softness in prices across categories" in 2024, and it expects "growth rates across the world to decelerate."

Persons: CNBC's Jim Cramer, Peter Kern, Kern, Ariane Gorin, Cramer, Expedia Organizations: Microsoft, CNBC Locations: Covid

☆ What’s really going on with bank stocks
▼ + stars: | 2024-02-02 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

Word quickly spread on Wall Street that the regional bank was under pressure, igniting a bout of selling of other bank stocks over fears of contagion. The KBW Regional Banking Index closed down 6% on Wednesday. Unlike many fellow regional banks, it held on to the vast majority of its deposits. He also highlighted that the banks’ losses were tied to faulty office building loans. The selloff that hit other regional bank stocks is “likely overdone given idiosyncratic factors tied to NYCB,” Bank of America analysts said in a note on Thursday.

Persons: Zions, NYCB, Thomas Cangemi, Chris Marinac, Janney Montgomery Scott, CNN he’s, ”, ” NYCB, That’s, It’s, isn’t, ” Marinac, “ Organizations: New, New York CNN, Federal Reserve, New York Community Bancorp, Western Alliance Bancorp, York Community Bancorp, Bank, CNN, ” Bank of America, Aozora Bank, First Republic, Valley Bank Locations: New York, ZION, York

☆ S&P 500 futures gain after Meta, Amazon results as jobs report looms: Live updates
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

On the other hand, Dow Jones Industrial Average futures hovered near the flatline. The Dow Jones Industrial Average added 0.97%, while the S&P 500 and Nasdaq Composite respectively gained 1.25% and 1.3%. The action follows a Wednesday sell-off that started after Federal Reserve chair Jerome Powell indicated that a rate cut at the March meeting was unlikely. Economists polled by Dow Jones are calling for payrolls to have grown by 185,000 positions, and for the unemployment rate to inch higher to 3.8%. That compares to December's blowout of 216,000 positions added and an unemployment rate of 3.7%.

Persons: Jerome Powell, Art Hogan, It's, it's, Hogan, Dow Jones Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Meta, Facebook, Amazon, Apple, Dow Jones, Federal, Riley Wealth Management, CNBC, Chevron, Exxon Mobil, Myers Squibb Locations: China, mull, Bristol, Cigna

☆ Opinion | Taylor Swift, Donald Trump and the Right’s Abnormality Problem
▼ + stars: | 2024-01-31 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

It seemed then that — under the influence of progressive radicalism, institutional groupthink and coronavirus fears — the liberal establishment was untethering itself from American normalcy to a politically suicidal degree. Joe Biden was elected as a moderate but was too aged and diminished to actually impose moderation on his party. And elite liberalism was increasingly associated with a mixture of Covid overreaction and ideological hysteria: Imagine a double-masked bureaucrat running a white-privilege workshop, forever. Liberalism in 2024 is still in all kinds of trouble, but the truly epochal defeat seems less likely than it did back then. But the other reason that liberalism is surviving its disconnect from what remains of American normalcy is conservatism’s inability to just be normal itself, even for a minute.

Persons: Glenn Youngkin, Donald Trump, Joe Biden Organizations: Democratic Locations: Virginia, Pennsylvania

☆ A no-cost options strategy to get long Tesla if this sell-off is just an emotional overreaction
▼ + stars: | 2024-01-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

I want to deploy an options strategy to use this emotional overreaction as an opportunity to add to my Tesla position. However, when coupled with the second consecutive quarter that Tesla missed earning expectations, nearly $100 billion in market cap rapidly evaporated. The trade The option strategy that I will utilize is a credit spread, better known as a risk reversal. This credit spread can be established by selling an at-the-money put and using the premium collected in writing that put option to buy an upside out-of-the-money call. DISCLOSURES: (Long Tesla, sold risk reversal) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Tesla, Elon, Musk, overreacted Organizations: Elon Locations: Tesla

☆ Europe wants to Trump-proof in case of a second term. But that is not an easy task
▼ + stars: | 2024-01-14 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

CNN —Former US President Donald Trump briefly returned as a central character in European politics earlier this week. Multiple EU officials and diplomats noted to CNN that his sudden recollection came at a particularly sensitive time, as the EU attempts to build its own defense capabilities outside of the US-led NATO alliance. Whether Trump actually made these comments or not is largely immaterial to European officials. And his hostility toward the Ukraine war effort has an impact even now, playing into the Republican Party’s reluctance to pass more US funding for Ukraine. Christine Lagarde, head of the European Central Bank, said only this week that Trump’s return would be a “threat” for Europe.

Persons: Donald Trump, Thierry Breton, Trump, Ursula von der Leyen, ” Breton’s, Russia’s Vladimir Putin, Letitia James, Spencer Platt, ”, Joe Biden, Europe’s, Ian Bond, ” Donald Trump, Jim Watson, Angela Merkel, Jesco Denzel, there’s, Christine Lagarde Organizations: CNN, Former, European, Republican, NATO, New York, Getty, Ukraine, “, Trump, EU, Centre, Economic, European Central Bank Locations: Europe, Iowa, Ukraine, New York City, Brussels, EU, United States, America, China, Davos, AFP, Russia, Beijing, Moscow, Charlevoix , Canada, European

☆ Investors see a biotech comeback in 2024 as rates fall, deal-making picks up. Stocks to watch
▼ + stars: | 2023-12-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

Many biotech stocks struggled in 2023 despite a robust year for U.S. drug approvals. "We expect this environment to continue but look forward to the prospect of lower interest rates in 2024." When that happens, Canaccord Genuity said to expect a "strong rally across the biotech sector rewarding innovative, but riskier assets." Analysts have said the rich price reflects the opportunity for ImmunoGen's Elahere cancer treatment , which has quickly established itself as the standard of care for types of ovarian cancer. 'Oversold and cheap' In a research note Friday, Jefferies analyst Michael Yee said "a significant short squeeze" was helping biotech stocks in the fourth quarter.

Persons: Dan Lyons, Janus Henderson, John Newman, Canaccord Genuity, Janus, Lyons, Bristol Myers Squibb, Karuna, AstraZeneca, Eli Lilly, AbbVie, Jonathan Miller, Miller, bode, Jonathan Krinsky, Krinsky, BTIG's, Jefferies, Michael Yee, Yee, NASH, Madrigal, we're, David Risinger, — CNBC's Michael Bloom Organizations: Drug, Federal, Bristol Myers, Karuna Therapeutics, CART, Bristol Myers Squibb, Cerevel Therapeutics, Securities and Exchange Commission, pharma, P Biotech, Nasdaq Biotech, Apogee Therapeutics, Madrigal Pharmaceuticals, Madrigal, resmetirom, Vertex Pharmaceuticals, Leerink Partners Locations: ImmunoGen

☆ We see weakness in Procter & Gamble stock following restructuring in certain markets as an overreaction
▼ + stars: | 2023-12-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

It's always interesting to see how patterns in consumer spending can mirror stock market performance. Elsewhere, we're still seeing weakness in Procter & Gamble (PG) after it announced a restructuring in certain markets, including Argentina and Nigeria. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, billings, we're, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Treasury, American Express, Procter & Gamble, Morgan, Care, Jim Cramer's Charitable Locations: Argentina, Nigeria, China

☆ What’s Behind the Market’s Wild Overreactions
▼ + stars: | 2023-11-17 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

The Wall Street cliché is that investors hate uncertainty. Their response recently has been to swing from being entirely certain about one thing to quite sure that the opposite is true, leading to violent moves in the markets based on thin evidence. This week’s inflation figures marked the denouement of yet another shift in the market narrative, and what on the face of it was a wild overreaction to some good inflation figures.

The upheaval at Documenta is just one example of how Europe’s art world is being torn by debates about Israel and Gaza, as some institutions have moved to postpone the shows of artists who have criticized Israel. Documenta was initially staged in 1955 as the first large-scale exhibition in West Germany of the art of the European avant-garde. It was a direct response to the Degenerate Art Show, the denunciatory exhibition of modern art staged by the Nazis in Munich in 1937. Although the mural was taken down, it set off a monthslong debate in Germany’s art world about antisemitism, Palestinian activism and Germany’s relationship to formerly colonized countries. Hoskote said Documenta was one of the art world’s greatest events, partly because it had always been a forum for new ideas.

Persons: Documenta’s, — Simon Njami, Gong Yan, Kathrin, Inés Rodríguez, —, ”, Bracha Lichtenberg Ettinger, Ranjit Hoskote, Anaïs Duplan, Ai Weiwei, ” Ai, Ai, Galerie Max Hetzler, Lisson’s, Claudia Roth, Documenta, Hoskote Organizations: Venice Biennale, Folkwang, Israel, Art Newspaper, Galerie Max, Berlin, Die Locations: Israel, Kassel, Germany, Gaza, Venice, India, Essen, Haitian, United States, B.D.S, London, Lisson, New York, Paris, West Germany, Munich, Nazi, Indonesia

☆ Morning Bid: Inflation on the ropes, shutdown averted
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Much like then, the sheer scale of the yield swoon has stoked bond volatility gauges (.MOVE) too. What's more, a quarter point rate cut by May is now 80% priced and 100bps of easing through 2024 is now baked in. U.S. corporate news stays on retail later as Target reports earnings, following a beat by Home Depot on Tuesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Xi Jinping's, Joe Biden, Russell, Austan Goolsbee, Berkshire Hathaway, Warren Buffett, Michael Barr, Thomas Barkin, Jonathan Haskel, Xi Jinping, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, Wall, Chicago Fed, Bank of America, Home Depot, Berkshire, General Motors, Procter, Gamble, Richmond Fed, Bank of England, APEC, Cisco Systems, Palo Alto Networks, Reuters, NFIB, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Wall, UK's, York, San Francisco

☆ Elon Musk says Israel should try to thwart Hamas with 'conspicuous acts of kindness' in Gaza
▼ + stars: | 2023-11-10 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Musk said that Israel should display "conspicuous acts of kindness" toward Gaza. Musk told Fridman that there's "no easy answer" to solve the conflict, but he did have some suggestions for Israel. Musk suggested that Israel should do something "counterintuitive" and try to "thwart" Hamas with "conspicuous acts of kindness." AdvertisementAdvertisementBut Musk told Fridman that Israel should also focus on "unequivocal" acts of kindness during the conflict. Musk told Fridman.

Persons: Elon Musk, podcaster Lex Fridman, Musk, —, Lex Fridman's, Fridman, Israel, you've Organizations: Hamas, Service, New York Times, Washington Post Locations: Israel, Gaza, Palestine

☆ Stocks making the biggest moves premarket: Disney, Lyft, Krispy Kreme and more
▼ + stars: | 2023-11-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Virgin Galactic posted a loss of 28 cents per share, versus the 43 cents per share loss expected by analysts polled by LSEG. Krispy Kreme — Shares of the donut maker dropped 4.8% after the company fell short of expectations on earnings and revenue. Krispy Kreme reported earnings of 3 cents per share on revenue of $407 million, while analysts polled by LSEG expected earnings of 6 cents per share on $414 million in revenue. The ridesharing company reported third-quarter bookings of $3.55 billion, lower than the $3.90 billion anticipated by analysts polled by FactSet. Earnings came out at $3.42 per share, while analysts polled by LSEG had called for $3.43 per share in earnings.

Persons: Virgin Galactic, Krispy Kreme, LSEG, Goldman Sachs, FactSet ., —, Bud, Dickinson, Wall, FactSet, CNBC's Hakyung Kim, Jesse Pound, Sarah Min, Lisa Kailai Han Organizations: Galactic, Virgin Galactic, LSEG . Revenue, Virgin, Disney —, Disney, ESPN, —, ISI, Barclays, Apellis Pharmaceuticals, FactSet, Arm, Anheuser, Busch InBev —, HSBC, Busch, Company Locations: U.S

☆ It shouldn't matter if people work multiple jobs. The former VP of HR at Microsoft shares how to react to double dippers — 'get over it.'
▼ + stars: | 2023-11-06 | by ( Chris Williams | ) www.businessinsider.com time to read: +9 min

Working multiple jobs is commonYou know who also works two jobs? It even sprouted an online community at Overemployed.com of how-to articles and people sharing tips on how to work multiple jobs remotely. An employee working for a competitor — or even worse, leveraging confidential information — is a problem. AdvertisementAdvertisementRather it should be, "Can you teach everyone how you're doing that?" You have an employee doing good work and getting fairly compensated for that work.

Persons: Chris Williams, —, I've, Uber, You've, it's, they're Organizations: Microsoft, Service, Employees, Silicon, . Locations: Overemployed.com

☆ There may be an overreaction to Amazon's earnings if any doubt, says Potomac Wealth's Mark Avallone
▼ + stars: | 2023-10-26 | by ( ) 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 EmailThere may be an overreaction to Amazon's earnings if any doubt, says Potomac Wealth's Mark AvalloneMark Avallone, Potomac Wealth Advisors president, joins 'The Exchange' to discuss the market's response to tech earnings results, how investors can position themselves, and more.

Persons: Mark Avallone Mark Avallone Organizations: Potomac, Potomac Wealth

☆ U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
▼ + stars: | 2023-10-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Economists surveyed by Dow Jones had been looking for a 4.7% acceleration in GDP, which also is adjusted for inflation. The sharp increase came due to contributions from consumer spending, increased inventories, exports, residential investment and government spending. Consumer spending, as measured by personal consumption expenditures, increased 4% for the quarter after rising just 0.8% in Q2, and was responsible for 2.7 percentage points of the total GDP increase. The GDP increase marked the biggest gain since the fourth quarter of 2021. At a time when many economists had thought the U.S. would be in the midst of at least a shallow recession, growth has kept pace due to consumer spending that has exceeded all expectations.

Persons: Dow Jones, Gross, Michael Arone, Jeffrey Roach, Arone, Price, Matthew Ryan Organizations: Gross, Commerce Department, Treasury, SPDR, State Street Global Advisors, Federal Reserve, Group, LPL, Labor Department, Federal, Hamas, CNBC Locations: U.S, Israel, Ukraine

☆ Tech stocks suffer two-day selloff as investors find 'wrinkle or two' in Alphabet, Meta earnings
▼ + stars: | 2023-10-26 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. In Alphabet's earnings report, Wall Street fretted over the numbers out of the Google Cloud division, which is investing heavily to try and catch Amazon and Microsoft , particularly when it comes to managing hefty artificial intelligence workloads. The concern from Facebook parent Meta was sparked by comments that CFO Susan Li provided on the earnings call regarding the advertising market in the fourth quarter. Alphabet shares are down by about 12% over the past two days, while Meta has dropped roughly 7%. In emphasizing the potential business impact of war in the Middle East on its business, Meta spelled out those concerns to shareholders.

Persons: Meta, Ruth Porat, Susan Li, Li, Mark Zuckerberg, Sundar Pichai, Joe Biden, Mark Avallone, CNBC's, skittishness, You've, Avallone, trashing Organizations: Nasdaq, Apple, Google, Microsoft, Meta, Nvidia, Amazon, The Commerce Department, Hamas, Guggenheim, Potomac Wealth Advisors, YouTube Locations: what's, U.S, Ukraine, Potomac

☆ Weight-loss drugs driving hedge fund consumer stock flows -Goldman Sachs
▼ + stars: | 2023-10-25 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

For every two U.S. consumer staples stocks that hedge funds have shorted, they have bought one, Goldman Sachs said. U.S. companies ranging from supermarkets to beer have been under pressure on concerns about the impact of weight-loss drugs like Ozempic, Wegovy and Mounjaro. Shares in the U.S. consumer staples sector (.SPLRCS) are down roughly 8% this year, which some investors see as an overreaction to the new weight-loss drugs. "Consumer staples has been ignored and beaten up," said Bryant VanCronkhite, equities senior portfolio manager at Allspring Global Investments LLC. PORTFOLIO ROTATIONEuropean hedge funds have bought defensive stocks in October, while selling cyclicals, according to Goldman Sachs.

Persons: Goldman Sachs, Bryant, Carolina Mandl, Sharon Singleton, Leslie Adler Organizations: Allspring Global Investments, Thomson Locations: Europe, U.S, Israel, United States, Norway, Denmark, Germany, defensives, New York

☆ Selling Alphabet shares after the tech giant missed on cloud numbers is shortsighted
▼ + stars: | 2023-10-24 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

GOOGL YTD mountain Alphabet YTD Bottom line Lower-than-expected operating income for the third quarter and a Google Cloud miss dragged Alphabet shares lower by more than 6% in after-hours trading. The Google Cloud performance was particularly disappointing given the strength we saw when Microsoft (MSFT) also reported its Azure numbers on Tuesday evening. Quarterly commentary Despite the topline outperformance, seen in the earnings table above, segment sales at Google Network, Google Cloud and Other Bets came up short. Operating income and quarterly operating margin were also short of expectations as total Traffic Acquisition Costs (TAC) were marginally above expectations. Expenses in Google Cloud and Other Bets were higher than expected, and the company took charges associated with workforce and office space reductions.

Persons: Wall, Jim Cramer's, Jim Cramer, Jim, Leonardo Munoz Organizations: Google, LSEG, Microsoft, Google Services, Management, Google Network, YouTube, NFL, TAC, Capital, CNBC, View, Getty Locations: New York City

A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing RightsLONDON/NEW YORK, Oct 23 (Reuters) - The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk's (NOVOb.CO) Wegovy presents opportunities for food manufacturers and the market's initially downbeat reaction may be overdone, investors say. Still, the stock market impact left some food manufacturers "trembling," said John Plassard, senior investment specialist at Nestle investor Mirabaud Group. The uptake in appetite suppressing drugs seems to be a U.S.-led dynamic, said My Nguyen, research analyst at Legal & General Investment Management America. "Elsewhere, trends such as wealthier, more mobile middle classes in emerging countries can support shifts towards snacking and convenience foods."

Persons: Victoria Klesty, Richard Saldanha, Wegovy, Kiran Aziz, Mark Schneider, John Plassard, Brian Frank, Frank, Nguyen, Richa Naidu, Matt Scuffham, Kirsten Donovan Organizations: REUTERS, Walmart, Nestle, Aviva, Novo Nordisk, EY, Industry, Health Sciences, Wellness, Mirabaud, Tyson Foods, Arcos Dorados, Legal, General Investment Management America, Germany's, Investments, Unilever, Coca Cola, Thomson Locations: Oslo, Norway, Victoria, United States, Denmark, Germany, Arda, Ural, U.S

We're buying 75 shares of Oracle (ORCL) at roughly $103 each. Following Monday's trade, we will own 725 shares of ORCL, increasing its weighting in the portfolio to 2.72% from 2.45%. Oracle shares were up about 1% on Monday after falling 6% on Friday in reaction to the company's AI Executive Forum event. ORCL YTD mountain Oracle YTD Still, the company noted strong demand for its AI services. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Larry Ellison, Safra Catz, Catz, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Oracle, ORCL, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Oracle's, New York

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