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☆ Cramer's week ahead: The election, Fed decision and earnings from Super Micro, Arm, Qualcomm and CVS
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting the Federal Reserve's next meeting and earnings from Super Micro Computer. Despite the slew of earnings next week, Cramer said the presidential election will steal Wall Street's attention. Tuesday marks election day, and the polls remain deadlocked between Vice President Kamala Harris and former President Donald Trump. Cramer called Super Micro Computer's report "the most intriguing story" next week as shares declined recently when the tech company's auditor, Ernest & Young, resigned. The Fed will issue its decision on interest rates Thursday, and Cramer said the central bank needs to make a cut.

Persons: CNBC's Jim Cramer, Cramer, Berkshire Hathaway, —, Warren, Buffett, Kamala Harris, Donald Trump, Ferrari, Ernest & Young, David Joyner, he's Organizations: Micro, Berkshire, Constellation Energy, Builders FirstSource, Ferrari, CVS, Qualcomm, Fed, Arista Networks Locations: China, America

☆ Jim Cramer's hopeful on Abbott Labs after court case win
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

But Thursday night, the jury from its second trial found the company not liable. The second trial was brought before the same judge in Missouri as the first one. Abbott Labs' shares jumped on Friday in response to the news, finishing the session up 4.61%. Cramer listed reasons he's positive on Abbott Labs, saying he likes the company's four core businesses, especially its medical device arm focused on cardiology and diabetes. Abbott Labs did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Abbott's, necrotizing, Cramer, Health —, Abbott Organizations: Abbott Laboratories, NEC, Abbott Labs, and Drug Administration, Center for Disease Control, National Institutes, Health, Abbott Locations: Missouri

☆ Cramer's Lightning Round: CyberArk Software is 'a terrific situation'
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

SharkNinja : "I think SN is a terrific company...If Trump wins, the tariffs are going to be so high that their earnings are just going to be shot...It is the stock to buy, actually the stock to buy if you think that Harris is going to be the next president of the United States."

Persons: Harris Organizations: Trump Locations: United States

☆ Cramer's Lightning Round: Essential Utilities is a 'terrific stock'
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon GE Aerospace's year-to-date stock performance. Stock Chart Icon Stock chart icon Stryker's year-to-date stock performance. Stock Chart Icon Stock chart icon Lantheus' year-to-date stock performance. Stock Chart Icon Stock chart icon Essential Utilities' year-to-date stock performance. Stock Chart Icon Stock chart icon Cava's year-to-date stock performance.

Persons: Stryker, It's, Lantheus Organizations: GE, GE Aerospace, Utilities Locations: Cava

☆ Clorox CEO describes comeback process after massive cyberattack
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Thursday interview with CNBC's Jim Cramer, Clorox CEO Linda Rendle detailed how her company managed to recover after a cyberattack last year disrupted production and seriously hurt business. Rendle discussed the serious nature of the attack, saying the company was "operating in manual mode for nearly two months" and added that Clorox lost about a third of its distribution and market share. Its cat litter brand, Fresh Step, was hit particularly hard as cat owners who switched brands due to shortages were reluctant to switch back. But Rendle said the cat litter business has been on the rebound, regaining much of its lost market share, but admitted that "we have a lot more work to do in that category." She also expressed gratitude towards retailers who worked with Clorox during that time and added that these partnerships are stronger coming out of the attack.

Persons: CNBC's Jim Cramer, Linda Rendle, Rendle, Clorox Organizations: Clorox

☆ Don't be alarmed by conservative guidance after a solid quarter, Jim Cramer says
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday told investors not to get scared off when a company posts good earnings results but issues more modest guidance, as it doesn't always mean that management is worried about the future. "Some money managers are dumbfounded when a very good company reports a very good quarter but then issues a very conservative forecast," Cramer said. Sometimes, he said, it's worth it to hold on to a company with good earnings while others on Wall Street panic about guidance. For the current quarter, Microsoft predicted revenue between $68.1 billion and $69.1 billion, while analysts surveyed by LSEG were hoping for $69.83 billion. Despite the disappointing guidance, Cramer was appeased by management's explanation for the weaker guidance, particularly commentary from CFO Amy Hood.

Persons: CNBC's Jim Cramer, Cramer, management's, LSEG, Amy Hood, Hood, she's Organizations: Microsoft

☆ Cramer's Lightning Round: Vertex Pharmaceuticals is a buy
▼ + stars: | 2024-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Vertex Pharmaceuticals : "This company is doing the lord's work...I think it should be bought." CME Group : "It is one of the most consistent, great companies...It is a strong buy." T. Rowe Price Group : "I think it's such a great company...I want to buy the stock." Micron : "Enough with the selling of MU."

Persons: Rowe Price Organizations: Vertex Pharmaceuticals, Micron, MU

☆ Shake Shack CEO talks expansion goals as shares climb after earnings beat: 'Now's our opportunity'
▼ + stars: | 2024-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

My goal is to bring Shake Shack to the world," Lynch said. "I don't think there is a competitor for Shake Shack. We talk about ourselves as being a part of the fine casual movement; leading the fine casual movement." Nearing ten years on the market, Shake Shack started business in New York City as part of Danny Meyer's restaurant empire. "Now's our opportunity to leverage all of that and start opening up new markets and bringing Shake Shack to a lot more countries."

Persons: CNBC's Jim Cramer, Shake, Rob Lynch, " Lynch, Shack, Danny Meyer's, Meyer, Lynch Organizations: Shake Shack, Shake, Square Cafe, Michelin, Gramercy, Wednesday Locations: New York City, New York, California, JFK, LaGuardia, Newark, East, Asia, Europe

☆ Jim Cramer says CEOs must properly explain the bad news in every quarter
▼ + stars: | 2024-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday discussed the tricky nature of bad quarters, saying management needs to explain and not gloss over any misses or poor results. Cramer said every earnings shortfall is "nuanced beyond belief," with some more difficult for Wall Street to parse than others. The company, which had been seeing success with its popular weight loss and diabetes drugs, failed to properly explain its shortfall, Cramer said. And while management from Wingstop highlighted the bright spots of the quarter, they largely did not acknowledge the earnings miss, he continued. AMD, Eli Lilly and Wingstop did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Wingstop, Wednesday's, Eli Lilly's Organizations: Investors, AMD, Nvidia, Wingstop

☆ Cramer's Lightning Round: CrowdStrike is a buy
▼ + stars: | 2024-10-29 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Intuitive Surgical's year-to-date stock performance. Stock Chart Icon Stock chart icon Kimco Realty's year-to-date stock performance. Stock Chart Icon Stock chart icon Nutanix's year-to-date stock performance. Stock Chart Icon Stock chart icon CrowdStrike's year-to-date stock performance. Stock Chart Icon Stock chart icon Rocket Lab's year-to-date stock performance.

Persons: Kimco, Jim Cramer's Organizations: Kimco

☆ Jim Cramer explains how rising bond yields could dampen the market's rally
▼ + stars: | 2024-10-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday lamented rising bond yields' effect on the market, saying this action could narrow the rally to tech and diminish broader sector gains. Some on Wall Street were expecting bond yields to decline after the Federal Reserve issued a hefty 50-basis-point cut and indicated there would be more to come over the next several months. Cramer said investors are drawn back to tech stocks as higher rates complicate the growth narratives for economically sensitive corners of the market. In recent months, investors were hoping that lower borrowing costs would help companies — such as those in the industrial sector and other housing-related areas — see an increase in business and, by extension, their stock prices. "If [the bond market] doesn't stop its retreat, then we're going to start questioning the idea that the Fed will keep cutting rates, ushering in a fabulous economy for 2025," Cramer said.

Persons: CNBC's Jim Cramer, Cramer Organizations: Federal Reserve, Dow Jones, Nasdaq

CNN —Former President Donald Trump on Tuesday claimed two Pennsylvania counties are experiencing voter fraud despite both officials there maintaining they’re still investigating potential issues related to voter registration applications. “This on top of Lancaster County being caught with 2600 Fake Ballots and Forms, all written by the same person. While announcing the suspected fraud, Lancaster officials said at least two other counties may have also received fraudulent voter registration applications. On Tuesday, York County spokesperson Greg Monskie would not confirm to CNN whether it had received fraudulent voter registration applications and couldn’t speak to any connection with the issues alleged in Lancaster County. The interaction took place at the Voter Service Center in Media, Pennsylvania, the seat of the suburban Philadelphia county.

Persons: Donald Trump, Trump, ”, ” Trump, Josh Shapiro, CNN’s Kaitlan Collins, “, ” Shapiro, Greg Monskie, Julie Wheeler, ” Wheeler, Al Schmidt, Michael Whatley, Trump’s, Don’t, Val Biancaniello, Biancaniello, Monica Taylor, ” Linda Kerns, CNN’s Jack Forrest Organizations: CNN, Republican National Committee, York, RNC, Trump, Lancaster, State, Pennsylvania Democratic Gov, stoke, Lancaster County, Office, Republican, Voter Service Center, . Delaware County Park Police, Government, GOP, Pennsylvania Department of State, “, Police, Media, Supreme Locations: Pennsylvania, Lancaster, York County , Pennsylvania, Lancaster County, PENNSYLVANIA, Trump, county’s, York, York County, Delaware County, Media , Pennsylvania, Philadelphia county, . Delaware County, ”

☆ Pfizer CEO says he welcomes good ideas as Starboard ups pressure on company
▼ + stars: | 2024-10-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Tuesday interview with CNBC's Jim Cramer, Pfizer CEO Albert Bourla struck a positive tone about activist investor Starboard Value, saying he agreed with some of its criticisms, but maintained that the company is headed in a good direction. But if Starboard, and anybody else for that matter, have good ideas, I will certainly discuss them and entertain." The pharmaceutical giant is under pressure from Starboard, which reportedly has a $1 billion stake in the company. But he praised Starboard's CEO Jeff Smith, saying he seemed "very smart" and "very pragmatic" at a recent meeting. Bourla also rebuked claims that his company was involved in dissuading past executives — former CEO Ian Read and former CFO Frank D'Amelio — from joining Starboard's efforts.

Persons: CNBC's Jim Cramer, Albert Bourla, Bourla, Jeff Smith, Ian Read, Frank D'Amelio — Organizations: Pfizer

☆ Despite a strong economy, some women are finding it harder to make ends meet
▼ + stars: | 2024-10-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

There is also a larger share of single women with children. As marriage rates fell, the number of women heading families rose. Across the board, women in the workforce faced steeper job losses and slower job recovery than men, according to research by the U.S. Census Bureau. Yet, even now, the labor force participation rate for women has not fully returned to pre-pandemic levels. "This is another area where we see returning to a pre-pandemic status quo as not good enough," said Julie Vogtman, the National Women's Law Center's director of job quality.

Persons: Marc Morial, Julie Vogtman Organizations: U.S, Center for American, Finance, U.S . Census, National Urban League, CNBC, National Women's Law

☆ Home Depot is both a secular and cyclical stock, Jim Cramer says
▼ + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday suggested that home improvement retailer Home Depot acts as a secular and cyclical stock, able to both grow independently of the business cycle and flourish when the economy is doing well. "The company's secular characteristics carry it through the cyclical pain, so even if the Fed doesn't move with alacrity to cut rates, Home Depot will still win." Lower interest rates tend to improve the housing market, which normally bodes well for housing-related stocks like Home Depot. "Now you could argue that this is an unusual moment, but historically, it's actually not that unusual for Home Depot," he said. "There's a boom and bust portion of the business, but for most of that period since 1981, it kept growing regardless."

Persons: CNBC's Jim Cramer, Cramer, it's Organizations: Depot Locations: U.S

☆ Cramer's Lightning Round: 'I would avoid QuantumScape'
▼ + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Lam Research's year-to-date stock performance. Stock Chart Icon Stock chart icon Suncor Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Oklo's year-to-date stock performance. Stock Chart Icon Stock chart icon QuantumScape's year-to-date stock performance. Stock Chart Icon Stock chart icon NetApp's year-to-date stock performance.

Persons: Lam, Suncor, I'm, Joby Organizations: Lam Research, Suncor, Joby

☆ Some wealthy travelers are replacing their hot summer trips with 'coolcations'
▼ + stars: | 2024-10-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Some luxury travel agents say more vacationers are seeking summer trips to cooler climates. In the summer of 2024, a growing number of travelers flocked to Greece as the country was experiencing deadly heatwaves and fires. Wealthy travelers are seeking out chill summersSome western European destinations like Iceland experienced a cooler-than-average summer. Roth has planned summer trips to the latter. AdvertisementA growing number of travelers are pushing their "Euro summer" trips to the fall to beat peak summer crowds and temperatures.

Persons: —, Spain —, Angelos Tzortzinis, Jackie Roth, Scott Dunn, Roth, Noppasin, Julie Durso, Melissa Biggs Bradley, Alexander Spatari, Sergio Pitamitz, Belles, Kent, Stefano Zaccaria, Patrick Quayle Organizations: Service, Eiffel, Getty, Scott Dunn Private, Airlines, New Jersey's Newark Liberty International, United Airlines Locations: Iceland, Norway, Finland, Europe, Italy, Greece, Portugal, Spain, Canada, Rome, Paris, Scandinavia, Maui, Hawaii, Ireland, France, Oslo, Copenhagen, Stockholm, Faroe Islands, Faroe, Sweden, Denmark, New, Nuuk, Greenland's, Madrid, Greenland

☆ The CEO of optics giant Olympus has resigned after accusations he bought illegal drugs, sending its shares plummeting
▼ + stars: | 2024-10-28 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

The CEO of optics giant Olympus has resigned after it was alleged that he had bought illegal drugs. Stefan Kaufmann's departure as CEO pushed the company's shares almost 6% lower Monday. AdvertisementOlympus Corporation's CEO, Stefan Kaufmann, has exited the optics giant following allegations he purchased illegal drugs. It said that based on the results, Kaufmann had likely acted inconsistently with Olympus' global code of conduct, core values, and corporate culture. Business Insider was unable to reach Stefan Kaufmann for comment.

Persons: Stefan Kaufmann's, —, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Julie Hamp Organizations: Olympus, Service, Tokyo Stock Exchange, Police, Kyodo, Toyota Motor Corporation Locations: Tokyo, Japan

☆ Cramer says to not trade big winners ahead of earnings
▼ + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday discouraged investors from making any moves in high-value stocks ahead of earnings reports, especially in Big Tech — which will be viewed with intense scrutiny. "No one on Wall Street knows what any of the quarters will look like, except for the principals," he said. For example, he described why it's difficult to trade Alphabet based on earnings, saying that often some data in the Google parent's quarter fails to impress Wall Street. And according to Cramer, many on Wall Street will carefully examine each tech giant's spending on data centers and Nvidia products. "I am indeed trying to discourage you from trading these stocks ahead of the quarters.

Persons: CNBC's Jim Cramer, Cramer Organizations: Big Tech, Google, Microsoft, Apple, Nvidia Locations: China, It's

The 2020 campaign may have also suffered from a lack of imagination about how big the turnout would be and what Democrats were doing in the courts to expand the vote, a Trump campaign adviser said. Other familiar names from 2020 election lawsuits have been spotted this year too. One is Karen DiSalvo, who after the 2020 election helped force an audit in Lycoming County, Pennsylvania. The RNC and Trump campaign have focused what they call their election integrity effort on 18 states including the key swing states. An RNC lawsuit in Michigan challenging voter registration procedures is one of the cases the firm has worked on.

Persons: WASHINGTON, Donald Trump’s, Alex Kaufman, Trump, Brad Raffensperger, Julie Adams, ”, Sophia Lin Lakin, “, Rudy Giuliani, John Eastman, Sidney Powell —, Joe Biden’s, Kaufman, Cleta Mitchell, Mitchell, ensnared Giuliani, Powell, Jenna Ellis, Kenneth Chesebro, Karen DiSalvo, Erick Kaardal, Kurt Olsen, Biden, Bruce Castor, Michael van der Veen, Christina Bobb, Biden’s, Gineen Bresso, ” Gates, Michael Whatley, Rick Hasen, Consovoy McCarthy, Jones, Don McGahn, Dhillon, Harmeet Dhillon, David Warrington, ” Marc Elias, Harris, Lakin Organizations: Republican, Georgia, Fulton County, Registration, Republican National Committee, RNC, American Civil Liberties Union, Raffensperger, Eastman, DeKalb County Republican Party, Dominion, Supreme, Trump, United Sovereign Americans, Fulton County Republican Party, Republicans, UCLA School of Law, NBC, Dhillon, Federal, Commission, U.S, Circuit, White, Capitol Locations: Georgia, Atlanta, Fulton, Pennsylvania, Lycoming County , Pennsylvania, DeKalb County, Texas, Arizona, Michigan, North Carolina, Mississippi

WASHINGTON — As Speaker Mike Johnson marks one year on the job Friday, he’s fighting hard to preserve House Republicans’ razor-thin majority — and his speakership. I’m going to be the speaker of the House,” Johnson said in a recent sit-down interview with NBC News at a campaign stop in Hellertown, Pennsylvania. "It's going to be a free-for-all" if Republicans lose the House and Trump loses the White House, a third House GOP lawmaker added. 2 GOP leader, Scalise also has not spoken publicly about what he’d run for in the minority. House Majority Leader Steve Scalise, R-La., is expected to run for minority leader if Republicans lose the House.

Persons: Mike Johnson, Republicans ’, Johnson, Johnson —, ”, Nancy Pelosi, Johnson’s, Steve Scalise, Jim Jordan, hasn’t, “, I’m, ” Johnson, Al Drago, Tom Emmer, Elise Stefanik, eyeing, Donald Trump, Jordan, They’ve, Scalise, John James, Tom Barrett, Joe McGraw of, “ Jordan, Kevin McCarthy’s, Emmer, —, Republicans —, Tom Williams, Trump, Republicans eke, “ He’s, Thomas Massie, Paul Gosar, Marjorie Taylor Greene, Scott Perry, Perry wouldn’t, ” Perry, Mike, he’s, David Valadao, ” Valadao, Patrick McHenry, McCarthy, Derrick Van Orden, ” Van Orden Organizations: WASHINGTON, Republicans, Louisiana Republican, GOP, Republican, NBC News, Trump, Bloomberg, Getty, National Republican Congressional, Joe McGraw of Illinois, Inc, Capitol Hill, FISA, Freedom Caucus, Intelligence, Democratic, Washington , D.C, Wisconsin GOP Locations: Louisiana, Ohio, Hellertown , Pennsylvania, Pacific Northwest, Washington, Michigan , Illinois, Minnesota, Michigan, Jordan, Israel, Ukraine, Ky, Trump, Perry’s, Washington ,, R, Wisconsin

☆ Jim Cramer explains why fossil fuels remain vital as the Big Tech boom continues
▼ + stars: | 2024-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday told investors that resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow. While the tech megacaps are investing heavily in nuclear energy, Cramer suggested that power won't play a huge role in the data center for at least a decade. He also reviewed GE Vernova 's recent quarter, saying the company's strength came from electrification and natural gas, not wind or nuclear power. But Cramer also stressed that the conversation around fossil fuels extends beyond the automotive industry. "The truth is, fossil fuels are essential for a lot more than vehicles, like it or not."

Persons: CNBC's Jim Cramer, Cramer, Elon Musk Organizations: Meta, Nvidia, Google, Microsoft, GE

☆ Chevron CEO says 'consistent and coherent energy policy' is what matters for the next administration
▼ + stars: | 2024-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

With a historic presidential election just around the corner, Chevron CEO Mike Wirth told CNBC's Jim Cramer what kind of government action is important for his company. "What really matters is consistent and coherent energy policy," he said. Wirth stressed that energy is a vital part of the global economy, saying that if supplies are constrained by political actions, it can trigger inflationary reactions across the board. According to Wirth, Chevron is apolitical and tries to work with both parties. For example, he said, oil helps create petrochemicals which are used for a variety of manufacturing purposes, including to create materials for EVs.

Persons: Mike Wirth, CNBC's Jim Cramer, Wirth Organizations: Chevron, Wirth Locations: U.S

☆ Micro-trends are taking over social media, and keeping up can be really expensive
▼ + stars: | 2024-10-24 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Fast-moving fashion micro-trends on social media can drive impulsive spending. A novel aesthetic or "-core" circulates on social media every few weeks, prompting consumers to buy in. 'The perfect profitability storm'Fast fashion, social media, and retailers like Shein have together created "the perfect profitability storm for the businesses and influencers using them," said Anthony Miyazaki, a marketing professor at Florida International University. Along with social media algorithms, micro-trends are being fueled by the cycle of doom spending: buying unnecessary stuff to feel better. "While it's easy to get caught up in what others are doing, it's important to remember that not everything is as it seems on social media," she said.

Persons: —, it's, Anthony Miyazaki, Miyazaki, Instagram, Tubefilter, Shein, Elysia Berman, Berman, TransUnion, Dan Pallesen, Pallesen, Bill Ryze, Ryze, Julie Guntrip, influencers, Guntrip, Baeckström Organizations: Service, King's Business School, Florida International University, Federal Reserve, Jenius Bank Locations: London

The U.S. Transportation Department announced a $50 million fine Wednesday against American Airlines over allegations it mistreated passengers with disabilities, which the department said in some cases caused injuries. “They repeatedly failed to provide prompt wheelchair assistance, and they damaged thousands of passengers’ wheelchairs, which left passengers without the device they need to live their life fully,” he said. American Airlines may not be alone in violations of laws that protect travelers with disabilities. Buttigieg said there are investigations into other airlines, although he said that “American Airlines appear to be one of the worst offenders.”“The problems that we have uncovered in our investigation are not confined to one airline,” Buttigieg said. American said last year that it transported more than 146,000 wheelchairs and other mobility devices.

Persons: Pete Buttigieg, ” Buttigieg, “, ”, Julie Rath, Buttigieg Organizations: U.S . Transportation Department, American Airlines, Transportation, Transportation Department, Airlines, Bureau of Transportation Statistics Locations: Delta, Southwest

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