Cramer’s lightning round: Stay away from Equinix for now

Cramer’s lightning round: Stay away from Equinix for now


Bausch Health Companies Inc: “I can not believe that this has worked out as bad as it has. It’s one of the worst picks I’ve had. … [CEO Joe Papa’s] got to come back on the show. That’s the only way to clear the air.”

Equinix Inc: “I thought that Equinix would be a good stock, but you know what, we’re in a situation now where anything that’s just a building with plumbing in it’s not doing it for people. We’re going to have to stay away for now.”

Mosaic Co: “I can not recommend buy or sell, because it is at a level that is just right at the precipice of either going back up or going down big.”

Farmland Partners Inc: “I like Farmland Partners. … It just is very, very expensive, and that’s the problem.”

Saverone 2014 Ltd: “I find myself loathe to recommend something that is not making money. …. I’ve got to be cut and dry in this bear market. I just have to.”

Disclosure: Cramer’s Charitable Trust owns shares of Bausch Health.



Source

Flutter tops second-quarter earnings expectations, raises full-year guidance
Business

Flutter tops second-quarter earnings expectations, raises full-year guidance

Online sports betting giant Flutter reported second-quarter earnings that beat Wall Street expectations Thursday. The company reported adjusted earnings of $2.95 per share versus an estimated $2.08, according to a survey of analysts by LSEG. Revenue came in slightly higher than expectations at $4.19 billion against consensus expectations of $4.13 billion. Flutter owns the dominant […]

Read More
Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff
Business

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff

Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 6% in early trading. The connected […]

Read More
Craveworthy Brands becomes managing partner of Gregorys Coffee
Business

Craveworthy Brands becomes managing partner of Gregorys Coffee

Gregorys Coffee was founded in 2006 and has more than 50 locations. Source: Gregorys Coffee Craveworthy Brands is now investor and managing partner of Gregorys Coffee, a New York City-based coffee chain with dreams of a nationwide footprint. The two companies announced the deal on Thursday. Financial terms were not disclosed. Craveworthy Brands, a fast-growing […]

Read More