Reported 7 days ago
Home Depot has acquired building products distributor GMS for $4.3 billion to strengthen its position in the commercial contractor market. This move comes as DIY home projects decline due to a slowdown in home sales and high interest rates. The addition of GMS, which operates 320 distribution centers, allows Home Depot to deepen its professional market presence, complementing its previous acquisition of SRS Distribution.
Source: YAHOO
Reported 7 days ago
Federal Reserve Chair Jerome Powell has attributed the delays in interest rate cuts to the impact of tariffs, emphasizing that tariff increases have led to higher inflation forecasts. Despite a solid job market, with 147,000 jobs added in June, the Fed has maintained the borrowing rate at 4.25%-4.5% since December. Powell indicated that potential rate cuts could occur later this year if inflation eases, but currently, a rate cut in the upcoming meeting seems unlikely.
Source: YAHOO
Reported 7 days ago
Jim Cramer has emphasized that now is the ideal time to buy shares of McDonald's, citing the company's consistent performance and strong management. He believes the stock, despite recent downgrades from analysts, remains a solid investment choice and encourages investors not to overlook its value.
Source: YAHOO
Reported 7 days ago
Jim Cramer expressed strong confidence in Monster Beverage Corporation (NASDAQ:MNST), describing it as a top-performing stock since the 1990s. He emphasized the company's remarkable gains, with a reported over 10,300% increase in value over the past two decades, and advised investors to hold onto their shares rather than sell. Despite some recent declines, Cramer continues to advocate for the stock's long-term potential.
Source: YAHOO
Reported 7 days ago
Jim Cramer expressed concerns about Sweetgreen, Inc. during a recent segment, noting the stock is down 57% and the company is currently unprofitable. He emphasized that for Sweetgreen to regain investor interest, they need to deliver a surprising quarter of profitability, especially given its impressive stock performance despite the tough restaurant market.
Source: YAHOO
Reported 7 days ago
Jim Cramer discussed Nebius Group N.V. during a recent call, stating that despite his chief scientist's opinion favoring it over CoreWeave, he and his team remain skeptical about investing in both stocks. Cramer acknowledged that Nebius has potential and was impressed by its offerings at a conference, yet he emphasized the need for caution, suggesting that other AI stocks might provide better investment opportunities.
Source: YAHOO
Reported 7 days ago
Jim Cramer expressed his strong interest in Dutch Bros Inc. (NYSE:BROS) during a recent segment, indicating that while he likes the stock, he doesn't believe it surpasses Starbucks in long-term value—pointing to CEO Brian Niccol's successful turnaround of Starbucks. Cramer acknowledged the potential of Dutch Bros but suggested that certain AI stocks may have greater upside.
Source: YAHOO
Reported 7 days ago
Jim Cramer has identified CoreWeave, Inc. (NASDAQ:CRWV) as being overbought and driven by a short squeeze, expressing concerns that its stock price of $40 is unjustified. Despite acknowledging its potential in providing cloud infrastructure for AI and high-performance tasks, he suggests that other AI stocks may offer better investment opportunities.
Source: YAHOO
Reported 7 days ago
In a recent discussion, Jim Cramer shared his insights on Energy Transfer LP (NYSE:ET), highlighting its strengths in energy services, including natural gas transportation, storage, and processing. Cramer noted challenges in the ethane market due to government restrictions but remains optimistic about the company's management. He acknowledged the investment potential of ET while suggesting that certain AI stocks may offer greater upside.
Source: YAHOO
Reported 7 days ago
Jim Cramer has identified American Express (NYSE:AXP) as a top investment choice, highlighting its appeal to a younger demographic that isn't fully reflected in its valuation compared to Visa and Mastercard. He praised American Express as one of America's great companies, while also acknowledging the strengths of all three major payment companies.
Source: YAHOO
Reported 7 days ago
Jim Cramer highlighted Mastercard as one of the top stocks to own, emphasizing its appeal to a younger demographic and its strong market position. Despite noting that Visa and American Express also have merits, he believes investing in Mastercard is a safe bet among America's leading financial companies.
Source: YAHOO
Reported 7 days ago
Jim Cramer featured Okta, Inc. (NASDAQ:OKTA) among his preferred stocks, highlighting its CEO Todd McKinnon's impressive leadership and the company's strong performance in identity and access management. While acknowledging its potential as an investment, Cramer also noted his appreciation for other stocks like CrowdStrike and Palo Alto Networks, suggesting a diversified approach is wise.
Source: YAHOO
Reported 7 days ago
Jim Cramer considers Visa Inc. one of the best companies in America, highlighting its strong market presence alongside Mastercard and American Express. He expressed confidence in Visa's growth potential, praising its digital transaction services. Cramer indicated that all three companies are excellent investment options, noting their varying strengths and appealing demographics.
Source: YAHOO
Reported 7 days ago
Jim Cramer emphasized the need for GE Vernova to build more plants to expand capacity and potentially boost stock value. During a discussion, he expressed concerns about the company's reluctance to invest in infrastructure despite the energy industry’s challenges and urged them to open their finances to increase turbine production.
Source: YAHOO
Reported 7 days ago
Jim Cramer expresses confidence in Apple Inc. (NASDAQ:AAPL), stating that the company's leadership deserves trust despite recent underperformance compared to market averages. He recalls past instances when negative market sentiment created valuable investment opportunities in Apple, reinforcing his belief that the stock merits a premium.
Source: YAHOO
Reported 7 days ago
In a recent broadcast, Jim Cramer expressed that he is optimistic about Micron Technology's stock, recommending it at $120 despite a recent dip in share price following quarterly earnings reports. Cramer noted that fluctuations are common for Micron, which saw its stock rise from $60 to $126 previously. While acknowledging some earlier concerns about the company's performance, he believes this current pullback is temporary and suggests buying shares again.
Source: YAHOO
Reported 7 days ago
During a recent interview, Jim Cramer advised caution for investors considering Axon Enterprise, Inc. (NASDAQ: AXON), recommending that they should not buy all shares at once due to potential price drops after reaching an all-time high. He suggested a staggered approach, buying a portion now and waiting for a better price before purchasing more. Cramer highlighted Axon’s strong position in the law enforcement technology sector, while also suggesting that certain AI stocks might offer better investment opportunities.
Source: YAHOO
Reported 7 days ago
Jim Cramer expressed a cautious optimism about Thermo Fisher Scientific Inc. (NYSE:TMO), suggesting it may be bottoming out, yet he urged investors to hold off on buying until there is an improvement in Chinese orders. Cramer acknowledged the company's strong management and growth potential but pointed out the current challenges tied to demand recovery and market uncertainties.
Source: YAHOO
Reported 7 days ago
In a recent episode, Jim Cramer criticized Constellation Brands, referring to it as a 'fallen idol' amidst the company's struggle with declining sales due to consumer preferences shifting under the influence of GLP-1 drugs. Cramer noted that Constellation, known for its popular beer and spirit brands, exemplifies the broader issues facing consumer packaged goods. Despite acknowledging its potential, he suggested investors consider AI stocks for better prospects.
Source: YAHOO
Reported 7 days ago
Jim Cramer emphasizes Amazon's significant role in his Charitable Trust, noting the company's strong consumer insights and growth prospects in areas like rural delivery and Amazon Web Services. He plans a special interview with CEO Andy Jassy to discuss these topics and more, while acknowledging the potential of other AI stocks in the current investment landscape.
Source: YAHOO
Reported 7 days ago
Jim Cramer pointed out that Capital One Financial Corporation has a significant opportunity after all 22 banks passed the recent Federal Reserve stress tests, suggesting that the company might lead in stock buybacks. He believes Capital One stands out as a promising prospect while discussing broader financial trends.
Source: YAHOO
Reported 7 days ago
Source: WSJ
Reported 7 days ago
Source: WSJ
Reported 7 days ago
Source: WSJ
Reported 7 days ago
A merger between French firm LumApps and Swiss company Beekeeper is set to create a new unicorn valued at approximately $1.1 billion. Backed by British private equity group Bridgepoint, the deal will establish the combined firm in Lyon, employing around 600 staff globally. Both companies aim to launch a unified platform within six months, with projected revenue growth from $150 million to $300 million by 2030.
Source: YAHOO