Personal investing
AT&T ending ‘one of the dumbest mergers in recent history’
CNBC’s Jim Cramer on Monday slammed AT&T as a disgrace after the company announced it will spin-off WarnerMedia to merge the business and create an entertainment giant with Discovery. He also took aim at those hailing the move as a transformational one, railing against AT&T for taking on heavy debt three years ago to purchase …
Marvell Technology is ‘the ultimate 5G play’
Marvell Technology: “This is still the ultimate 5G play, and I am not backing away from that. They had a great quarter. Don’t let people tell you otherwise.” Crispr Therapeutics AG: “Crispr is one of the great spec stocks.” Lithia Motors: “I think it does [have more room to run] … I think that Lithia …
‘This is a big deal for us’
Ford Motor is carving a unique lane as the automaker goes after the electric vehicle market, newly installed CEO Jim Farley told CNBC’s Jim Cramer Thursday. Earlier that day the company announced a new all-electric van targeting business customers, as part of its $11.5 billion investment in electric vehicles through 2022. “This is a big …
Trucking stocks are next to break out, chart analyst says
Shipments are surging. Shares of FedEx soared nearly 12% on Wednesday after a stronger-than-expected earnings report fueled by a pandemic-driven pickup in home deliveries. While Covid-19 shutdowns still ate into the company’s profits, particularly those it gets from its more lucrative business-to-business clients, residential shipments made up for some of the pain. The action marked …
Marvell Technology is ‘Mr. 5G’
Raytheon: “I think it’s a terrific combination and it should be bought.” Crown Castle: “That is a castle keeper. I like that stock. … Will you look at that chart? I mean that chart — that is a reverse head and shoulders I just dream of.” Marvell Technology: “That’s a first-round pick. … It is ‘Mr. …
United Technologies is a ‘rocky situation’
Nutanix: “You’re going to need a long-time horizon for that because they missed their quarter very, very badly, and it’s not like this is a situation like as a DexCom or something where there’s use for the product no matter what. I just think DexCom is an example of a stock that holds up rather well.” Franco-Nevada: …
Marvell Technology is the best play on 5G
Cedar Fair: “Cedar Fair is up. … Six Flags is down. You’ve got the right one, Sandusky, Ohio.” Square: “I think Square is too low. … I think it’s time to start thinking [it’s time] for it to do something.” MGM Resorts: “I think that [CEO] Jim Murren should do more in the sports betting …
We’re moving more supply chains out of China
Zebra Technologies is moving ahead with plans to relocate more manufacturing from China ahead of looming tariff hikes, CEO Anders Gustafsson told CNBC on Tuesday. The Trump administration’s next planned tariffs, scheduled for Dec. 15, target consumer items such as toys, laptops and smartphones. The electronics maker has already done that for products that were …
Frenzied debut of China’s Nasdaq-style board adds $44 billion in market cap
SHANGHAI (Reuters) – Trading on China’s new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the board’s combined market capitalization and beat veteran investors’ expectations. Sixteen of the first batch of 25 companies – ranging from chip-makers …
The Permian Basin is the world’s ‘swing producer’
Charif Souki, Chairman, Tellurian Scott Mlyn | CNBC While it’s tough to bet which direction oil prices may swing, Tellurian Chairman Charif Souki said Thursday that the Permian Basin in Texas and New Mexico is the key influence on the market. “What I’m thinking now is that the Permian Basin has become the swing producer …
