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Stock Market Today With Jim Cramer: JPMorgan Is the Best Bank

Stock Market Today With Jim Cramer: JPMorgan Is the Best Bank

Stocks were lower Tuesday as investors were discouraged by a stalemate over fresh government aid and bank shares declined following earnings reports.

The Dow Jones Industrial Average fell 84 points, or 0.29%, to 28,753, the S&P 500 was down 0.38% and the Nasdaq declined 0.02%.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about the earnings of both Citigroup and JPMorgan as well as the impact of the restructuring at Disney.

JPMorgan: Buy Or Sell?

JPMorgan Chase & Co.  (JPM) – Get Report posted stronger-than-expected third-quarter earnings Tuesday as the bank set aside a much lower amount to cover ad loans amid an improving domestic economy.

JPMorgan CEO Jamie Dimon also said the bank could resume its share buybacks in the first quarter of next year, depending on changes to the Federal Reserve’s cap on shareholder returns, which was extended until the end of 2020 earlier this spring.

Cramer said he didn’t see a lot of growth in JP Morgan. “They’re doing well. They’ve got the fortress balance sheet. They’re without a doubt the best bank. But I think they’re not going to have anything near what Goldman has. Goldman is a training operation.”

Citigroup: Buy Or Sell?

Citigroup’s  (C) – Get Report earnings for the three months ending in September were pegged at $1.40 per share, down 32.3% from the same period last year but firmly ahead of the Street consensus forecast of 93 cents per share. Group revenues, Citigroup said, fell 6.8% to $17.3 billion, edging just ahead of analysts’ forecasts of a $17.2 billion tally.

Cramer said Citigroup is perceived as being a dark horse. “It yields 4.6%. It has a $71 tangible book value. It’s seemingly impossible that you’re going to have such a bad

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Stock Market Today With Jim Cramer: Apple Event Is Tuesday

Stock Market Today With Jim Cramer: Apple Event Is Tuesday

Stocks rose Monday as investors remained hopeful of further fiscal stimulus and prepared for quarterly earnings reports from the biggest banks in the United States.

Technology shares such as Apple  (AAPL) – Get Report, which rose ahead of its expected iPhone 12 unveiling Tuesday, and Amazon  (AMZN) – Get Report, which gained ahead of the start of its Prime Day event, were the standouts.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from Prime Day, why stocks popular on Robinhood matter and what to expect from Apple’s iPhone event tomorrow.

Amazon Prime Day

Amazon’s shopping extravaganza starts at midnight on Oct. 13. The company says that more than a million deals will be offered in 19 countries during the event.

Cramer said he hopes Amazon will have a better product line up for Prime Day. “I normally see stuff that doesn’t interest me but stuff that they (Amazon) want to sell. I don’t find anything in these deals at midnight work. Maybe other people will have better luck.”

Robinhood Traders Move Stocks

Robinhood, the popular stock-trading app, was valued at $11.2 billion in August after it raised $200 million from investors.

The coronavirus-imposed lockdowns have benefited challenger financial-services apps like Robinhood both in revenue and transaction volume.

Cramer said Robinhood moves stocks. “They don’t seem to understand that the goal is to get the stock in as cheaply as possible. Their goal is to take as much stock in cheap or not. And when they decide to operate on something everybody is in their bind. That’s why the stock moves.”

Apple’s iPhone 12 Event

Apple  (AAPL) – Get Report will hold an online event tomorrow where the tech giant is expected to

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Stock Market Today With Jim Cramer: Don’t Sell Citi Here

Stock Market Today With Jim Cramer: Don’t Sell Citi Here



Stock Market Today With Jim Cramer: Don't Sell Citi Here


© TheStreet
Stock Market Today With Jim Cramer: Don’t Sell Citi Here

Stocks were rising Thursday amid choppy trading after House Speaker Nancy Pelosi told Treasury Secretary Steven Mnuchin she wouldn’t agree to a standalone relief bill for airlines without a guarantee they would address a more comprehensive package.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about the latest earnings from, Citigroup’s low share price and why McDonald’s is among his must-own food stocks.

Domino’s Stock: Buy Or Sell?

On Thursday, pizza chain Domino’s reported weaker-than-expected fiscal-third-quarter earnings. Revenue increased 18% from a year earlier to $967.7 million, topping the estimate of $953 million.

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The higher U.S. revenue reflected “customer ordering behavior during the COVID-19 pandemic,” Domino’s said. Consumers who stayed in during the pandemic often ordered food delivered to their homes.

Shares of Domino’s were down 6% in trading Thursday.

Cramer said, “Far too often, a stock is down and then people try to ascribe why it’s down. Domino’s stock is one of the greatest of all time. The costs are not really up here and what you care about is revenue and the revenue is fabulous.”

Citigroup: Too Low To Sell

Citigroup was fined $400 million by federal authorities for problems with its risk management controls.

The stock was down 0.30% to $44.97 on Thursday afternoon.

Citigroup was also ordered by the Office of the Comptroller of the Currency to seek its approval before making any “significant new acquisitions.”

Cramer said, “We saw it in the 60s, 70s and the 80s that $45 was too low to sell. It should go up to $70. But let’s see what Jane Fraser (President of Citi) does.”

McDonald’s Stock: Buy Or Sell?

McDonald’s U.S. comparable-store sales rose 4.6% in the third

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Stock Market Today With Jim Cramer: Buy Boeing

Stock Market Today With Jim Cramer: Buy Boeing

Stocks rose sharply Wednesday after President Donald Trump said he would consider alternative aid measures such as a new round of stimulus checks, support for airlines and the Paycheck Protection Program, a day after halting stimulus talks until after the presidential election.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from the vice presidential debate tonight, Boeing stock and challenges for General Electric. 

Vice-Presidential Debate

The debate between Vice President Mike Pence and the Democratic candidate, Sen. Kamala Harris of California, is scheduled for Wednesday night in Salt Lake City.

Pence agreed to install plexiglass dividers for the debate with Harris after many members of President Donald Trump’s debate prep team tested positive for Covid-19 following the first presidential debate in Cleveland, Ohio.

Cramer said if we get a steady hand from Pence then Harris would be blunted. “However, if she can get him off his game then no. He’s very firm on certain issues and I don’t think Kamala will be able to throw him off his game. But I want to see if she can make him sweat.” 

Boeing: Buy Or Sell?

On Tuesday, Boeing  (BA) – Get Report slashed its aircraft demand forecast by 11% for the next decade. Boeing’s outlook said that plane-makers will deliver 18,350 commercial airplanes in the next decade – 11% lower than the comparable 2019 forecast – valued at about $2.9 trillion.

Cramer really likes the Boeing stock right now. “It’s a good opportunity to buy shares of Boeing. Referring to a difficult political environment in the U.S.and the lack of agreement on stimulus for airlines, Cramer said, “The worst case isn’t Boeing right now, right here.”

General Electric: Buy Or Sell?

On Tuesday, General Electric  (GE) –

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