In a time where stock buyback programs have come under scrutiny, HP is sticking to the principles laid out in the company’s value plan, CEO Enrique Lores told CNBC Wednesday. “We still think that buying back stock is good because we think it’s undervalued” and “we are going to stay committed to the principles that we […] More
Jim Cramer, host of “Mad Money,” took some pointers from volatility expert Mark Sebastian to understand why the market could sell-off more. Source by [author_name] More
CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for […] More
The price of the current oil futures contract could go to zero again even faster than the May contract did in last week’s historic plunge, CNBC’s Jim Cramer said Monday. “This has to go to zero again, because we haven’t any more space,” Cramer said on “Squawk on the Street.” “I had Herbjorn Hansson, who’s […] More
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be […] More
CNBC’s Jim Cramer said Monday that legendary investor Warren Buffett gave “no hope near term” in his annual shareholders meeting on Saturday with his sale of airline stocks. “Buffett’s overview on airlines really does make me very concerned about the near term,” Cramer said on “Squawk on the Street.” The billionaire investor said Saturday that […] More
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls […] More
Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the […] More
Nvidia CEO Jensen Huang, in an appearance on CNBC Monday, described the long-awaited merger of chip producer Mellanox Technologies as crowning achievement. “This is a homerun deal,” he told Jim Cramer in a “Mad Money” interview. “Man, I’ve been dreaming about this.” The $7 billion acquisition took more than 13 months to complete since it was first announced in […] More