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CNBC's Jim Cramer on Wednesday said artificial intelligence is going to be essential to big market rallies over the next few years. But the computing power needed to run AI-enabled machines is "at the heart of the current re-industrial revolution," Cramer said, and will bring stocks from a variety of sectors with it. The amount of construction needed to build new data centers is part of the reason stocks like Caterpillar are performing well, he said. And according to Cramer, power management company Eaton is also seeing gains because of the demand to help power grids deal with all of this excess electricity. Vertiv is doing well because it helps take care of wiring in data centers, he added.
Persons: CNBC's Jim Cramer, Cramer, Eaton Organizations: Nvidia, Caterpillar, Constellation Energy
Cramer's Lighting Round: New Fortress Energy is a buy
  + stars: | 2024-03-06 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon New Fortress Energy's year-to-date stock performance. New Fortress Energy : I want you to buy it [buy, buy, buy!]."
Persons: I'm, Jim Whitehurst Organizations: Schlumberger, HAL, Unity Software, New Fortress Energy
Despite the ongoing pressures of inflation, Inspire Brands CEO Paul Brown told CNBC's Jim Cramer on Tuesday he's seen that consumers have been resilient. Inspire Brands owns numerous well-known restaurant chains including Dunkin', Baskin-Robins, Buffalo Wild Wings, Arby's, Jimmy John's and Sonic. "We see about 75% of Americans every year in one of our restaurants, given the breadth of our brands," Brown said. "So we do see the nation, and we have been pleasantly surprised about the resiliency. Correction: A previous version of this story mischaracterized the name of Inspire Brands.
Persons: Paul Brown, CNBC's Jim Cramer, Dunkin, Jimmy John's, Brown Organizations: Inspire Brands, Baskin, Robins, Buffalo Wild Wings Locations: Rhode Island
CNBC's Jim Cramer on Tuesday reviewed Tuesday's declines, saying this action doesn't indicate a market bubble, but that stocks may be hitting their tops. "Toppy" action may not be great, he said, but it's "much less devastating than a burst bubble." That's toppy," Cramer said. Tesla's seeing poor sales in China, Cramer said, and the competition from Chinese electric vehicle makers is stiff. Cramer called this kind of action "idiotic," and said Super Micro Computer is the frothiest stock in the market .
Persons: CNBC's Jim Cramer, That's, Cramer, Apple, Organizations: Nasdaq, Dow Jones, Apple, Micro, Nvidia Locations: China
Cramer's Lightning Round: 'You should own' BlackRock
  + stars: | 2024-03-05 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon VICI Properties' year-to-date stock performance. Stock Chart Icon Stock chart icon Generac's year-to-date stock performance. Stock Chart Icon Stock chart icon Cabaletta Bio's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Stock Chart Icon Stock chart icon BlackRock's year-to-date stock performance.
Persons: I'm, Cabaletta, It's, I've, Powell Organizations: Regions, Powell Industries, BlackRock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccenture CEO talks new 'LearnVantage' program that upskills workers in AI & techJulie Sweet, Accenture CEO, joins 'Closing Bell Overtime' to talk its new AI training service and how it is being implemented with its clients.
Persons: Julie Sweet Organizations: Accenture
An urgent care chain in Ohio may be forced to stop paying rent and other bills to cover salaries. In Florida, a cancer center is racing to find money for chemotherapy drugs to avoid delaying critical treatments for its patients. These are just a few examples of the severe cash squeeze facing medical care providers — from large hospital networks to the smallest of clinics — in the aftermath of a cyberattack two weeks ago that paralyzed the largest U.S. billing and payment system in the country. They also urged health insurers to waive or relax the much-criticized rules imposing prior authorization that have become impediments to receiving care. And they recommended that insurers offering private Medicare plans also supply advanced funding.
Organizations: Change Healthcare, UnitedHealth, Human Services Department Locations: Ohio, Florida, Pennsylvania
CNBC's Jim Cramer on Monday disputed talk of sector bubbles, saying investors should be prepared to buy if there's a sell-off and undervalued stocks pull back. "I will be ready to buy if this market sells off," he said. He opined about the burgeoning artificial intelligence sector, saying that despite its current popularity, investors may not yet conceive of how influential this new technology will be. Cramer also pointed to Nvidia — which recently closed above the $2 trillion market cap — and said the company hasn't been overvalued. "I'm not fretting, I'm just expecting, and I have my shopping list of what to buy on weakness for the charitable trust."
Persons: CNBC's Jim Cramer, Cramer, hasn't, Wall, Nvidia's, , Eli Lilly, I'm Organizations: Nvidia, Novo Nordisk
Stock Chart Icon Stock chart icon Confluent's year-to-date stock performance. Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon Chewy's year-to-date stock performance. Stock Chart Icon Stock chart icon On Holding's year-to-date stock performance. Stock Chart Icon Stock chart icon Indie Semiconductor's year-to-date stock performance.
Persons: they've, I've, I'm Organizations: Indie Semiconductor
Coterra CEO Tom Jordan told CNBC's Jim Cramer on Monday how the oil and gas company deals with unpredictable commodity pricing, emphasizing the "flexibility" of its assets. The price of natural gas has been volatile over the past few months, and in February it hit its lowest level since 2020. But Jordan said Coterra is able to project stable revenue and cash flow because of its "asset quality" and "organization." Coterra announced during its most recent earnings report it would cut back its natural gas production and instead invest more heavily in oil. However, Jordan said the company is "well-positioned" and has plans in place to increase natural gas production if necessary.
Persons: Tom Jordan, CNBC's Jim Cramer, Jordan, Coterra
Thousands of residents were left without power, and life came to a standstill for many in the Sierra Nevada region on Saturday after a winter storm dumped as much as two feet of snow overnight and created treacherous conditions. About 49,000 customers in Nevada and California were without electricity on Saturday morning, according to PowerOutage.us. With whiteout conditions in the mountains, ski resorts in the Lake Tahoe area paused operations. And highway officials shut down Interstate 80, the main artery that traverses the Sierra Nevada over Donner Summit, a key trucking route from the San Francisco Bay Area. Palisades Tahoe, a resort that closed ski area operations on Saturday across all terrain, reported 24 inches of new snow in the past 24 hours.
Persons: Organizations: Donner Summit, San, Patrol, Sierra Snow Laboratory Locations: Sierra Nevada, Nevada, California, San Francisco Bay Area, Donner
Washington, DC CNN —First lady Dr. Jill Biden isn’t holding back as her role in her husband’s reelection campaign comes into sharper focus. The first lady is juggling her campaign work with her official role and her full-time teaching job at Northern Virginia Community College. She’s going to go to a variety of areas in this country,” a source familiar with the planning said. Biden campaign advisers believe the first lady’s appeal has far reach – particularly with women and grassroots supporters and in moderate parts of the country. “Here’s the thing about men like Donald Trump - they underestimate our power because they don’t understand it,” she said in Atlanta.
Persons: Jill Biden isn’t, Donald Trump, “ I’ve, Joe, , Roe, Wade, , Harris, “ Donald Trump, she’s, Biden Jill Biden, “ She’s, Biden, ” Biden, Julie Chavez Rodriguez, SSRS, Harris ”, “ We’re, We’re, Dr . Biden, ” She’s, Trump Jill, Katie Rogers, Rogers, Trump, Hillary Clinton, Joe Biden, Kamala Harris, Jill Biden, “ Trump, Robert Hur, Beau Biden, Anita McBride, Laura Bush, Court’s Dobbs, Kate Cox, “ We’ve, “ It’s, ” McBride Organizations: DC CNN, Biden, Harris ”, Trump, CNN, White, Northern Virginia Community College, Paris, Democratic, , Super, Democratic Party, Arizona, Republican, what’s, Atlanta, Wine Locations: Washington, Atlanta, Georgia, Arizona , Nevada, Wisconsin, Italy, Israel, Tucson , Arizona, Houston, Texas
After Altair Jaspe moved from Venezuela to the Colombian capital, Bogotá, she was taken aback by the way she was addressed when she walked into any shop, cafe or doctor’s office. In a city that was once part of the Spanish empire, she was no longer “señora,” as she would have been called in Caracas, or perhaps, in her younger years, “muchacha” or “chama.” (Venezuelan terms for “girl” or “young woman.”)Instead, all around her, she was awarded an honorific that felt more fitting for a woman in cape and crown: Your mercy. Would your mercy like a coffee? Will your mercy be taking the appointment at 3 p.m.? Excuse me, your mercy, people told her as they passed in a doorway or elevator.
Persons: Altair Jaspe, Locations: Venezuela, Bogotá, Caracas
Stock Chart Icon Stock chart icon Global Net Lease's year-to-date stock performance. Stock Chart Icon Stock chart icon Magnite's year-to-date stock performance. Stock Chart Icon Stock chart icon Roku's year-to-date stock performance. Stock Chart Icon Stock chart icon Dream Finders Homes' year-to-date stock performance. Stock Chart Icon Stock chart icon Applied Materials' year-to-date stock performance.
Persons: I'm, It's, you've, I've Organizations: Lease, Lam Research
CNBC's Jim Cramer on Friday told investors what to look for next week on Wall Street, including earnings from retailers like Target . Tuesday brings earnings from Target and Cramer said he's optimistic about the big-box retailer's performance. On Thursday, Cramer will be paying attention to earnings from grocers Kroger and Costco , as well as Marvell Technology . Friday brings February's unemployment report. If there's a slight boost in unemployment while wages stay steady, Cramer said he thinks investors won't have to fight the Fed.
Persons: CNBC's Jim Cramer, Cramer, Forget, he'll, it's, George Kurtz, Campbell Soup, Kroger's, he's Organizations: Federal Reserve, Palo Alto Networks, Abercrombie, Fitch, Kroger, Costco, Marvell Technology, Federal Trade Commission, Albertsons
A major snowstorm bore down Friday on the Sierra Nevada, including the Lake Tahoe area, with as much as 10 feet of snow expected at higher elevations. Forecasters issued dire warnings about trying to drive through blustering winds and whiteout conditions, and Yosemite National Park was closed. “Your safe travel window is over in the Sierra,” the National Weather Service in Reno, Nev., posted on social media. One resort, Palisades Tahoe, posted on social media that it had seen “intense” snowfall and winds of 100 miles an hour. In videos posted by the resort, ski lifts were faintly visible through a blanket of white, and the sky and the ground were indistinguishable from each other.
Organizations: Yosemite National, National Weather Service, National Park Service Locations: Sierra Nevada, Reno, Nev, Yosemite
Cramer's Lightning Round: Signet Jewelers is a winner
  + stars: | 2024-02-29 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Equinix : "I can't recommend it, it's just up so much...But I do like it very much." Arm : "There is going to be what's known as a lock-up expiration where Softbank is going to be able to sell a lot of stock...If you want to buy some right now and then wait for that lock-up to end."
Persons: it's
Hormel Foods CEO Jim Snee told CNBC's Jim Cramer on Thursday that his company is set up to do well as weight-loss drugs gain popularity, citing a varied "protein portfolio." Hormel Foods is known for brands like Planters, Skippy, Justin's and Spam. According to Snee, Hormel's protein products appeal to most consumers, as the company offers "affordable protein," "indulgent protein," "natural and organic protein," as well as meat and "non-meat" protein. The company has a variety of flavored Spam products, with maple Spam as its newest iteration. "We've got a couple of really neat flavors still yet to come in the next year or so," Snee said.
Persons: Jim Snee, CNBC's Jim Cramer, Snee, Hormel, We've Organizations: Hormel, Planters
Jim Cramer explains why the market rallied on Thursday
  + stars: | 2024-02-29 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer told investors why he thinks the market was able to rally on Thursday, citing continued momentum in the tech sector and new inflation data suggesting the economy might be amenable to interest rate cuts. The Nasdaq Composite advanced to its first record high since 2021, popping 0.9% as tech and chip stocks saw gains. Salesforce also issued a light forecast on Wednesday night, but the stock managed to recover and finished up about 3% on Thursday, bringing up other tech stocks with it, Cramer said. And a "usually tempered" Citi analyst indicated on Thursday he was bullish on semiconductors, which bodes well for AI stocks, according to Cramer. "Now, there were some laggards today, of course, I get that—there were plenty of safety stocks that weren't so safe," Cramer said.
Persons: CNBC's Jim Cramer, we've, Cramer, Snowflake, Salesforce, Dell, tech's Organizations: Nasdaq, Dow Jones, Citi, Dell
Ron DeSantis signed a bipartisan bill into law that unearth more Jeffrey Epstein records. The law will allow for the release of records from a 2006 Florida grand jury. Victim advocates hope that the release of the Epstein grand jury records will shed light on why prosecutors brought limited charges, and what else they may have known at the time. The Associated Press reported that a state judge decided not to release the records Thursday morning, citing the impending law. The Palm Beach police chief was so outraged that the grand jury only charged Epstein with one count that the FBI got involved.
Persons: Ron DeSantis, Jeffrey Epstein, Epstein, , DeSantis, Julie K, Barry Krischer, Alex Acosta, Brown, Acosta, Donald Trump's, Ghislaine Maxwell Organizations: Service, HB, Prosecutors, Miami Herald, Associated Press, Palm Beach police, FBI, US Locations: Florida, Palm Beach, Manhattan, Miami
Companies Were Big on CBD. Not Anymore.
  + stars: | 2024-02-28 | by ( Julie Creswell | ) www.nytimes.com   time to read: +1 min
Just below rows of energy and kombucha drinks at Westside Market, a deli in the Chelsea neighborhood of Manhattan, sit a few glass bottles of Vybes. The drink, which comes in flavors like strawberry lavender and blood orange lime, is made with cannabidiol, more commonly known as CBD. That has hindered the potential growth for the drink, said Jonathan Eppers, who left the technology industry to create Vybes in 2018. “For the first two years, we were riding a rocket ship,” Mr. Eppers said. Start-ups flooded the market with products, many promising to soothe stressed-out and anxious consumers.
Persons: Jonathan Eppers, Mr, Eppers Organizations: Westside, Target, Walmart, Locations: Chelsea, Manhattan
Cramer's Lightning Round: Wayfair is a buy
  + stars: | 2024-02-28 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
TransMedics : "Organ transplants are incredibly important, I think these guys are doing very well." Bank of America : "I think it's a very inexpensive stock...It's doing well, ten times earnings. Yore not going to get it to 20 times earnings, it is going to go up over time. It yields almost 3%, I like that."
Persons: Yore Organizations: Bank of America
Migration toward the United States through the dangerous jungle passage known as the Darién Gap has been halted, at least temporarily, following the arrest of two boat captains working for companies that play an essential role in ferrying migrants to the jungle. Boat companies suspended migrant crossings from two northern Colombia towns, Necoclí and Turbo, to the entrance of the Darién forest, according to the mayor of Necoclí, leaving roughly 3,000 migrants stranded in those communities. The Colombian law enforcement action in the region is sure to be watched closely by U.S. officials: The Biden administration has been pressuring Colombia for months to try harder to stop people from using the Darién as a path to the United States. The boat route is the main way into the Darién Gap, a strip of land linking South and North America that was once rarely traversed but has emerged in recent years as one of the hemisphere’s most important and busiest migration routes.
Persons: Biden Locations: United States, Colombia, Necoclí, U.S, South, North America
CNBC's Jim Cramer reflected on the earnings season so far, saying investors shouldn't judge stocks based purely on figures from a financial report. he said, referring to earnings season. But comments from CEO Ted Decker about the home improvement giant's inventory made Cramer optimistic. Cramer predicted that TJX would see success despite less-than-ideal earnings where management issued light guidance. "I have no illusions about this issue — It's extremely unlikely that the headline process will actually change," Cramer said.
Persons: CNBC's Jim Cramer, It's, it's, Cramer, Ted Decker, Decker, Lowe's, Marvin Ellison, Ellison Organizations: CNBC
Salesforce CEO Marc Benioff told CNBC's Jim Cramer on Wednesday that his company's Einstein Copilot product is different from other artificial intelligence programs because of the way it uses customer data to make decisions. "We already have tremendous user interfaces at Salesforce," Benioff said. "Our Sales Cloud, our Service Cloud, our Marketing Cloud, even Tableau, even Slack, these are amazing ways to talk to that data. He elaborated, saying Salesforce is built "on a rich fabric of data and metadata," and it serves companies including Amazon , IHG and Schneider Electric . Salesforce reported earnings Wednesday, and while earnings surpassed Wall Street's expectations, revenue guidance came in weak.
Persons: Marc Benioff, CNBC's Jim Cramer, Einstein, Benioff, Slack Organizations: Amazon, Schneider
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