Day: April 29, 2022
Cramer’s lightning round: I like CVS over Rite Aid
Loading chart… Johnson Controls International Plc: “It’s just very cheap.” Loading chart… Star Bulk Carriers Corp: “The way this stock is priced, the dividend’s going to be cut. I don’t know if that’s the case. … This is what I almost would call too good to be true.” Loading chart… Principal Financial Group Inc: “I […]
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Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says
CNBC’s Jim Cramer on Friday advised investors to pick up shares of Canadian oil producer Suncor Energy, but only if they’re confident oil prices will stay elevated. Cramer’s comments come after activist investment firm Elliott Management, which holds a 3.4% stake in Suncor, called for the firm to shuffle its management and take other measures […]
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Here’s what it’s like to attend Warren Buffett’s shopping carnival for shareholders
Berkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors gathered in a […]
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Cramer’s week ahead: Jam-packed earnings season continues, be ready for market bounce
CNBC’s Jim Cramer said Friday that he expects a rough start to next week on the heels of a dismal end to April in the stock market. “I’m hoping that next week should be better. I’ve got to tell you, I don’t expect a good day Monday. When you have a really horrible day like […]
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NBA’s Milwaukee Bucks are seeking $4 million annually for the Deer District property’s naming rights
Milwaukee Bucks Deer District real estate project. Source: Milwaukee Bucks The Milwaukee Bucks, in their quest to repeat as NBA champions, this weekend will begin playing the Boston Celtics in the Eastern Conference semifinals. Off the court, the team is seeking $4 million annually for entitlement rights to its plaza inside Deer District, a 30-acre […]
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Disney executive Geoff Morrell, who helped craft response to ‘Don’t Say Gay’ law, leaves company after three months
Disney employee Nicholas Maldonado holds a sign while protesting outside of Walt Disney World on March 22, 2022 in Orlando, Florida. Employees are staging a company-wide walkout today to protest Walt Disney Co.’s response to controversial legislation passed in Florida known as the “Don’t Say Gay” bill. Octavio Jones | Getty Images News | Getty […]
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BJ’s Wholesale says judge should toss Walmart’s patent lawsuit over self-checkout app
Warehouse club BJ’s Wholesale is calling on a federal judge to toss a patent lawsuit filed by Walmart, saying the retail giant is trying to protect a self-checkout app that’s based on technology that retailers have used for more than a decade. “Nothing about Sam’s Club’s Scan & Go processes is inventive or unconventional; indeed, […]
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Best trades on CNBC Friday: Cathie Wood doubles down on Teladoc, pros debate Apple and Amazon earnings
A recap of Friday’s best stock picks on CNBC. Source
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Amazon and Google just closed out their worst months on Wall Street since 2008
Getty Images; Chris Ratcliff | Bloomberg | Getty Images Shares of Amazon and Google parent Alphabet just closed out their steepest monthly drops since the 2008 financial crisis. The internet giants both reported weaker-than-expected quarterly results this week, hurt by a combination of macroeconomic factors, the war in Ukraine and tough comparisons to blowout numbers […]
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Wharton’s Jeremy Siegel says the struggling stock market now looks attractive for long-term investors
“If you’re a long-term investor, I think these are values you become interested in the market at,” the University of Pennsylvania finance professor told CNBC. Source
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