Business
Cramer’s lightning round: Stay away from CoreCivic
Loading chart… CoreCivic Inc: “Let’s just stay away.” Loading chart… Inmode Ltd: “If you want med tech, you just want Edwards Lifesciences.” Loading chart… Western Midstream Partners LP: “This one’s got a great yield, really good story.” Loading chart… SGHC Limited: “They are doing well, and I don’t say that idly.” Loading chart… Enterprise Products […]
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Looking for opportunity in the tech wreck, Bernstein likes these cheap quality stocks
More investors are looking for solid names as rising bond yields prompt a pivot away from growth-oriented stocks. Source
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Here’s why Jim Cramer is warning investors to stay away from ScottsMiracle-Gro
CNBC’s Jim Cramer on Thursday told investors to resist the urge to add ScottsMiracle-Gro to their portfolios, despite the stock’s low valuation. “Historically, this is a great time of year for anything garden related because it’s planting season, and Scotts is a name that we used to get a ton of questions about. … But, […]
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Jim Cramer says to buy selectively and be curious to beat the current market turmoil
CNBC’s Jim Cramer on Thursday said that investors looking to successfully navigate a market roiled by inflation, geopolitical concerns and Covid should do two things: buy discriminately and be inquisitive. “It’s hard to be curious. … But over the long-haul, curiosity tends to be a much better bet [than panic]. Right now, I think a […]
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Sweetgreen losses widen despite 67% jump in quarterly sales
A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses for its first quarter, but sales jumped 67% as workers returned to their offices and resumed their old lunchtime routines. Shares of the company rose more than 5% in extended trading. Here’s what the company reported compared with […]
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Bob Iger, eBay, sports agent Rich Paul, Chernin Group team up to buy 25% stake in toy maker Funko
A consortium including former Disney CEO Bob Iger, sports agent Rich Paul, eBay and the Chernin Group is buying a 25% stake in toy maker Funko. The investment, which is worth $263 million, or $21 per share, means Chernin will add two directors to Funko’s board. Chernin Group CEO Peter Chernin and Iger will serve […]
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F1 CEO sees ‘great opportunity’ in TV rights talks with ESPN deal due to expire
Formula 1 is riding a wave of popularity in the U.S., and its CEO is shopping around its success with potential media partners for a more lucrative U.S. media deal. The racing league’s current deal with ESPN expires at the end of 2022. It was extended in 2019 to the tune of $5 million per […]
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Lucid reports 30,000 EV reservations and raises prices on its Air sedans
CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have to pay higher prices. […]
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DoorDash rises after reporting 35% sales growth
Tony Xu, co-founder and chief executive officer of DoorDash Inc. David Paul Morris | Bloomberg | Getty Images DoorDash stock rose over 10% in extended trading after the company reported 35% revenue growth in the first quarter, suggesting that the company’s core business of delivering takeout food can still grow even after pandemic-driven highs. However, […]
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Wayfair loses customers and money in a messy quarter, announces its CFO will retire
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled 26% Thursday after the online furniture retailer reported larger-than-expected losses in the first quarter as shoppers scaled back their spending on the home category. Wayfair also announced its chief financial officer, Michael Fleisher, is set to retire early next year. Kate Gulliver, current chief […]
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