Day: July 7, 2022
Cramer’s lightning round: Gentex is a buy
Chegg Inc: “I don’t know what to make of Chegg. … To me, it seems like the bulls are going to win on this stock.” Moderna Inc: “I think that stock has now come down enough. I would want to own Moderna. I do like Pfizer more.” ONEOK Inc: “Keep it. … I think that’s […]
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Spirit again delays vote on Frontier deal to continue deal talks with budget airline and JetBlue
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines is again delaying a shareholder vote set for Friday on its deal to merge with Frontier Airlines, a win for competing suitor JetBlue Airways, which […]
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Shares of Coca-Cola are a buy for these four reasons, Jim Cramer says
CNBC’s Jim Cramer said Thursday that investors should be adding shares of Coca-Cola to portfolios. “So far, in a very bad year for the stock market, Coca-Cola’s been one of the really consistent winners out there. These guys were already putting up great numbers when inflation was insane in the first quarter,” he said. “Now […]
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Tech stocks could have a sustained rally after Thursday’s bounce, Jim Cramer says
CNBC’s Jim Cramer said that the rally in tech stocks Thursday could spark a longer-term recovery, as the beaten-down names struggle to stay afloat in a seesawing market. “You need to recognize that tech could have more than just a temporary bounce, at least if you’re looking at companies that provide new life to the […]
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Stock futures are slightly lower ahead of key jobs report
A trader walks on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images Stock futures slipped in overnight trading following a rally on Wall Street as investors await a key jobs report Friday. Futures tied to the Dow Jones […]
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Twitter slips on report that Musk deal is in jeopardy
NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Theo Wargo/WireImage) Theo Wargo | Wireimage | Getty Images Shares of Twitter fell about 4% after the markets […]
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GameStop CFO is leaving the company, retailer announces layoffs
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters GameStop said Thursday its Chief Financial Officer, Mike Recupero, is leaving the company and that it will make staff cuts across departments as part of an effort to […]
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Theranos ex-COO Sunny Balwani found guilty in all 12 fraud charges 6 months after founder Holmes’ conviction
SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and […]
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Levi Strauss hikes dividend as second-quarter earnings exceed expectations
A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said […]
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Walmart won’t hold rival event to Amazon Prime Day, as it is already offering big markdowns
Walmart Rollback pricing signs are displayed while customers shop during the grand opening of a new Wal-Mart Stores location in Torrance, California. Patrick Fallon | Bloomberg | Getty Images Walmart won’t be doing its own event to rival Amazon Prime Day this year, according to a company spokesperson. The big-box giant, like other retailers, has […]
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