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☆ Wall Street hovers near record highs. Here's why we want to see choppiness
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow closed Friday at a record while the S & P 500 did so Thursday . Despite a slight dip in the S & P 500 Friday, the S & P Short Range Oscillator moved further into overbought territory at 7.3%. 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, Stocks, Jim Cramer's, Morgan Stanley, Goldman Sachs, Jim, Jeff Marks, Jeff Organizations: CNBC, Dow, Health, Intel, Qualcomm, Bloomberg News, Apollo Global Management, Apple, Barclays, JPMorgan, Citigroup Locations: U.S

☆ Monday, September 23, 2024: The Club says not to trade this tech giant after its recent product release
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Monday, September 23, 2024: The Club says not to trade this tech giant after its recent product releaseGo behind the scenes with Jeff Marks of the CNBC Investing Club as he talks candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how The Club decides when, and if, to take action on stocks.

Persons: Jeff Marks Organizations: CNBC, Club, Trust

☆ Modelo maker Constellation Brands jumps, and the S&P 500 eyes another record close
▼ + stars: | 2024-09-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. After struggling near the open, consumer staples is making a push higher on the daily S & P 500 sector leaderboard. 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, There's, We're, Piper Sandler, Brown, Forman, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, ., Constellation Brands, Corona, Modelo, Sunday, Abbott Laboratories, GE Healthcare, Novo Nordisk, Apple, Microsoft, Nvidia, Broadcom, Motors, Starbucks, Thor, Philadelphia Federal, Conference, Richmond, Jim Cramer's Charitable

☆ How a U.S. crackdown on cheap Chinese imports could help Amazon but challenge Meta
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.

Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu

☆ Why Eli Lilly and Palo Alto Networks are both up on news from their competitors
▼ + stars: | 2024-09-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Recall, that we initially had a view that competitors like Club name Palo Alto Networks would take advantage of this event to pitch their products. Sure the quarter was good because Palo Alto has a great product and value proposition, but it didn't suggest a massive departure from CrowdStrike. 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, Dow, It's, Eli Lilly, LLY's, Eli Lilly's, isn't, Jim Cramer's, Jim Organizations: CNBC, ., Novo Nordisk, Deutsche Bank, Palo Alto Networks, Palo Alto, Palo, KB, Micron, Jefferies, Costco, Jim Cramer's Charitable Locations: Palo

☆ Friday, September 20, 2024: Cramer says he won't sell this 'well-run' wholesale retailer
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Friday, September 20, 2024: Cramer says he won't sell this 'well-run' wholesale retailerGo behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.

Persons: Cramer, Jim Cramer, Jeff Marks Organizations: Go, CNBC, Trust

☆ We're trimming a bank stock on a post-Fed pop and still considering swapping it for another
▼ + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

The S & P 500 gave up post-Fed gains Wednesday and closed modestly lower. Morgan Stanley should have a decent pop when trading opens because lower interest rates should boost parts of its business , including investment banking. MS YTD mountain Morgan Stanley YTD We thought Morgan Stanley's share price was too low to sell when we held our September Monthly Meeting last week. Based on premarket prices, Morgan Stanley shares were hovering around $101, representing a much better level to take some off. One more factor behind our trim is that the S & P Short Range Oscillator remained in overbought territory after Wednesday's close.

Persons: Morgan Stanley, Jim Cramer's, Stocks, Morgan Stanley's, Goldman Sachs, Morgan Stanley YTD, We'll, Jim Cramer, Jim Organizations: Federal Reserve, CNBC

☆ Thursday, September 19, 2024: Cramer says he's considering swapping this Big Bank for another
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Thursday, September 19, 2024: Cramer says he's considering swapping this Big Bank for anotherGo behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.

Persons: Cramer, Jim Cramer, Jeff Marks Organizations: Bank, CNBC, Trust

☆ Wall Street hits records — here are the winners and the losers after the Fed rate cut
▼ + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Salesforce was having a strong session as well, taking in stride the late-day Wall Street Journal report that Disney will no longer use Salesforce-owned Slack after a data hack. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Dow, Jim Cramer's, Lisa Su, Salesforce, Slack, Procter & Gamble, Jim Organizations: CNBC, Federal Reserve, Nasdaq, Tech, Devices, Journal, Disney, Barclays, Treasury, Procter, Fed, FedEx, Jim Cramer's Charitable Locations: Procter &

☆ Wednesday, September 18, 2024: Cramer warns not to judge this tech giant with old metrics
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, September 18, 2024: Cramer warns not to judge this tech giant with old metricsJim Cramer and Jeff Marks of the CNBC Investing Club discuss the AI strategy of this enterprise software firm. Plus, they weigh in on this tech giant's upcoming product release cycle. And finally, they discuss this global coffee retailer's competition in China and turnaround plans in the United States.

Persons: Cramer, Jim Cramer, Jeff Marks Organizations: CNBC, Club Locations: China, United States

☆ The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays
▼ + stars: | 2024-09-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement. Mortgage rates: We talked last week during our September Monthly Meeting about how housing activity can start to pick up when mortgage rates fall off their cycle highs to somewhere in the range between 5% and 6.5%. However, what the data shows is how sensitive activity is to every dip in mortgage rates. 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, Jerome Powell, Stanley Black, Decker, Mortgage Banks, Jim Cramer's, Lisa Su, Oliver Garden, Jim Organizations: CNBC, ., Federal Reserve, Stanley, Mortgage, Micro, LongHorn, Darden, Jim Cramer's Charitable

☆ Our approach to the stock market heading into the Fed's big Wednesday decision
▼ + stars: | 2024-09-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Muted session: U.S. stocks were flat Tuesday after the S & P 500 briefly made a new all-time high in the session. 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, hasn't, We're, Marc Benioff, Mills, Jerome Powell, Jim Cramer's, Jim, Kevin Mohatt Organizations: CNBC, Procter, Procter & Gamble, Jim Cramer's Charitable, U.S . Federal, Federal, Committee Locations: Procter &, San Francisco, Washington , U.S

☆ We debate selling more shares of Procter & Gamble, plus Wells Fargo bounces back
▼ + stars: | 2024-09-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Debating P & G: We remain torn over traditional slowdown stocks like Procter & Gamble and other defensive consumer stocks. 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, we're, Morgan Stanley, Wells, Wells Fargo, It's, we've, Hock Tan, Rene Haas, Jim Cramer's, Jim, Charlie Scharf, Patrick T, Fallon Organizations: CNBC, Apple, Apple Intelligence, Micron, Currency, Procter, Gamble, Colgate, Palmolive, Broadcom, Arm, Jim Cramer's Charitable, Milken Institute Global Conference, Afp, Getty Locations: stock's, Wells Fargo, Beverly Hills , California

☆ Amazon is selling a ton of toilet paper and everyday items. Here’s why that’s a problem for investors
▼ + stars: | 2024-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.

Persons: –, it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York

☆ Tech roars back, and Eli Lilly sends a welcome signal on its growth prospects
▼ + stars: | 2024-09-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer said earlier Friday that Nvidia received a do-over from Wall Street . 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, Nvidia, Financials, Love, Lilly, Eli Lilly, Lilly's, haven't, that's, Jim Cramer's, Jim Organizations: CNBC, Tech, Nvidia, Broadcom, Wall, Federal, Energy, Citi, and Drug Administration, Fed, Market, Jim Cramer's Charitable Locations: Ireland, Kisunla, U.S, Europe

☆ September Monthly Meeting: Cramer reveals his outlook for stocks for the end of 2024
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

September Monthly Meeting: Cramer reveals his outlook for stocks for the end of 2024The market has been tough on tech stocks lately, but investors must be in the great secular growth stories. Jim and Jeff Marks explain why and update their positions on every name in the portfolio.

Persons: Cramer, Jim, Jeff Marks

☆ TJX, Costco and Best Buy stocks are an embarrassment of riches
▼ + stars: | 2024-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

We have an embarrassment of riches when we look at TJX Companies and Costco in terms of just flat-out value — and a dicey one, admittedly, in Best Buy , which I think has turned an important corner. Costco Research firm Redburn downgraded Costco this week, which made me want to downgrade Redburn. But Costco stock has never been cheap. It was just a one-off thing but I think that Best Buy has worked its way into the conversation after its last quarter. (Jim Cramer's Charitable Trust is long TJX, COST, BBY, AAPL.

Persons: Jeff Marks, Jim Cramer's, Jim Cramer, Jim Organizations: TJX Companies, Costco, TJX, Costco Research, Redburn, Club, Apple Intelligence, Apple, Federal Reserve, CNBC Locations: Maxx

☆ Why we started a position tied to housing and where we see this stock going
▼ + stars: | 2024-09-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

We started buying Home Depot shares last week as a play on housing and interest rates. Our Home Depot investment thesis is all about a pickup in housing turnover, the main driver of the home improvement retailer's sales. When rates went below 6.5% toward the end of last year, he explained, there was an immediate increase in housing activity, mortgage applications, and mortgage refinance applications. Mortgage rates with a 5% handle could be on the horizon, at least that's what Toll Brothers CEO Doug Yearley thinks. With these numbers, it's easy to see why Decker is optimistic that activity will normalize, and housing turnover and remodel activity will pick-up again.

Persons: Ted Decker, Doug Yearley, Yearley, Decker, Lowe's, Jim Cramer's, Jim Cramer, Jim Organizations: Home Depot, Dow, Depot, Toll, Home, Management, CNBC

☆ Wall Street mounts a comeback, and Honeywell finally hints at what may be next
▼ + stars: | 2024-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Jensen Huang, Goldman Sachs, Vimal Kapur, Morgan, Kapur, We've, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Club, Nvidia, Broadcom, Nvidia's, Technology Conference, Honeywell, Laguna Conference, Signet Jewelers, Jim Cramer's Charitable Locations: Kroger

☆ We're adding to a housing play before the Fed cuts rates and ignites its business
▼ + stars: | 2024-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 100 shares of HD, increasing its weighting in the portfolio to about 1.1% from roughly 0.56%. Rates will come down and activity should pick up after the Fed gets a few rate cuts under its belt. That, at least, is what Toll Brothers CEO Doug Yearley said on "Squawk on the Street" earlier Wednesday when speaking about 30-year fixed-rate mortgage rates and the luxury homebuilder's business. If Yearley is correct, then it won't be too long until mortgage rates are at a sweet spot where housing turnover really starts to pick up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Doug Yearley, it's, Yearley, Jim Cramer, Jim Organizations: Fed, Toll, CNBC

☆ Bank stock woes hold back the overall market, but Starbucks' new CEO is full steam ahead
▼ + stars: | 2024-09-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

All of our Super Six megacaps were higher, even Club stock Apple was pushing to stay in the green after getting mixed reviews on Monday's iPhone 16 event. That's an interesting line because you could argue that Starbucks needs to pullback its aggressive expansion plans in the world's second-largest economy. 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, Daniel Pinto, Pinto, JPMorgan's, else's, Jamie Dimon, Wells, Morgan Stanley, ramping, Brian Niccol, Niccol, Buster's, Jim Cramer's, Jim Organizations: CNBC, ., Apple, JPMorgan, Barclays Global Financial Services Conference, Dow, Starbucks, The Club, GameStop, Dave, Jim Cramer's Charitable Locations: Banks, U.S, United States, China

☆ Apple relies on carriers to drive iPhone sales. What to expect this upgrade cycle
▼ + stars: | 2024-09-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Among the offers at AT & T for new and existing customers: a free iPhone 16 or up to $830 off the iPhone 16 Plus if they meet a few eligibility requirements. Apple's list price for the Phone 16 and iPhone 16 Plus start at $799 and $899, respectively. Now consider that despite inflation, Apple left the prices of iPhone 16 models the same as the prior generation while adding AI capabilities and improved battery life, among others. "All of these things will be incremental, just enough to eventually convince millions" to upgrade their devices, Jim said. Apple CEO Tim Cook delivers remarks before the start of an Apple event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: –, Max, Jim Cramer, Tim Cook, Cook, Bernstein, John Stankey, Stankey, aren't, Jim, Jeff Marks, Jim Cramer's, Justin Sullivan Organizations: Verizon, Mobile, Apple, Consumer Intelligence Research Partners, UBS, CNBC, Club, Markets, Apple Intelligence, Barclays Locations: U.S, China, Europe, Cupertino , California

☆ We're adding to a hard-hit stock that should see relief from rate cuts and election clarity
▼ + stars: | 2024-09-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We are buying 200 shares of Nextracker at roughly $34.20 Following the trade, Jim Cramer's Charitable Trust will own 1,150 shares of NXT, increasing its weighting to 1.2% from 1%. A stock that has been hit hard lately is Nextracker, the solar tracking solutions provider for large utility-scale projects. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, oversold, Kamala Harris, Donald Trump, we've, Nextracker, Jim Cramer, Jim Organizations: NXT, Democratic, Republican, Wall Street, Federal Reserve, CNBC Locations: Nextracker

☆ Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
▼ + stars: | 2024-09-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. However, Broadcom generated $5.3 billion in free cash flow when excluding restructuring and integration cash costs in the quarter. The semi number is a slight miss versus expectations, and the difference is probably due to the non-AI business lines because AI sales are humming. Broadcom raised its full-year AI revenue forecast to $12 billion, up from prior guidance of over $11 billion.

Persons: Hock Tan, Tan, …, Tan didn't, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, VMware, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Revenue, Apple, Management, CNBC Locations: Hock, American, San Jose , California

☆ Salesforce gets back on track — here's what the software giant needs to deliver next
▼ + stars: | 2024-08-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Salesforce shares jumped more than 4% in extended trading Wednesday after the enterprise software giant beat sales and earnings expectations in the second quarter. Salesforce Why we own it : Salesforce is a leading enterprise software tool for companies across all industries, helping employees to better communicate with colleagues internally and with their customers. Salesforce's new AI tools — which it is calling autonomous AI sales agents — may be the company's answer to this negative thesis. The next task for Salesforce is proving these new AI products will become a material driver of revenue growth. For the third quarter, Salesforce forecasts revenues of $9.31 billion to $9.36 billion, which is below the $9.4 billion estimate.

Persons: cRPO, —, Marc Benioff, It's, they're, Benioff, Salesforce, Brian Millham, Amy Weaver, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, SAP, Microsoft, Salesforce, Club, Nvidia, Federal, Management, CNBC, Bloomberg, Getty Locations: Americas, San Francisco , California

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