Jim Cramer says he’d purchase Disney after shares slid on Netflix information

CNBC’s Jim Cramer said on Friday he sees the sell-off in Disney as a buying opportunity for investors.

Shares of the media and entertainment giant fell 6.94% to hit a fresh 52-week low during the session. However, the “Bad Money” Host said he won’t shy away from the stock because its sharp decline seemed linked to it Netflix‘s prognosis of Subscriber growth slowdown.

Netflix’s outlook — offered Thursday night when the company reported its earnings — spooked investors, and the company’s shares plunged 21.8% on Friday.

“I want to own the stocks of longtime, great Americans who have fallen into a guilt fiasco, and that’s exactly what happened to Disney stock today,” Cramer said, while noting that he was prevented from adding to his shares Charitable Trust on Friday changed Disney’s position after mentioning the stock on morning TV. Cramer’s ethics policy is that he waits 72 hours before executing a trade in any stock that he discusses on CNBC’s television programs.

Cramer’s trust Bought back from Disney in September, about three months after leaving his position entirely for the first time in 16 years. Confidence was added to the stock end of November and then back in December.

Cramer admitted on Friday that he was “too early” at Disney, alluding to the fact that the stock is trading lower than when the trust made its purchases.

“But it’s time to mix speculative stories with investment-grade stories. A lot of the stocks wiped out here belong to companies that don’t have much in the way of earnings, companies that trade mostly on hype or hope,” Cramer said.

He said he sees a number of speculative assets — including cryptocurrencies and stocks that went public through a reverse merger with a special purpose vehicle — that deserve to fight now as Wall Street braces for likely Federal Reserve rate hikes .

“But you can’t just extrapolate the weakness of a company that’s done very well, Netflix, with a whole bunch of other big brand name companies that make amazing products and make good revenue, like Disney,” Cramer said.

“I’m not saying Netflix isn’t worth owning. At a certain price, it sure will,” he added. “What I’m saying is that there are a lot of quality companies that are in distress because of Netflix today, and these were the best ones to buy.”

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Jim Cramer says these are his favourite financial institution shares in 2022

CNBC’s Jim Cramer on Thursday reviewed the latest list of big bank earnings and explained why his nonprofit investment trust is sticking with his property MorganStanley and Wells Fargo.

“Banks are everywhere this earnings season, which just goes to show how important individual stock selection is,” he said “Bad Money” host said. “All banks are not created equal,” he added, although he expects 2022 to be a solid year overall for financials due to likely Federal Reserve rate hikes.

Citigroup

When Citigroup reported Friday, it indicated an 18% year-on-year increase in operating costs. That’s disappointing for Wall Street, Cramer said, because the company’s revenue rose just 1%.

Cramer said the best thing he could say about Citi stock is that it’s cheap, trading at about 80% of its tangible book value. However, he did concede that the stock, which is down nearly 5% over the past week, could see a rebound this quarter if Citi resumes share buybacks; The bank suspended its buyback program in December due to regulatory issues.

JPMorgan

Investors were disappointed too JPMorgan‘s leap in interest-free spending up 11% YoY‘ Cramer said. While it’s no secret that JPMorgan is investing in its business to fend off fintech competition, Cramer said the Street was a little surprised by the amount of capital tied up.

Cramer said he thinks JPMorgan’s sharp sell-off after earnings was a bit overdone. “After that drop, JPMorgan is trading at just 13 times earnings despite being the most expensive in the group [a book value basis]. I think you can do better,” he said.

Wells Fargo

Owned by Cramer’s Wells Fargo Charity Foundation exceeded analysts’ expectations for sales and earnings. “Most importantly, Wells is very interest rate sensitive. So when you see bond yields rising, think Wells Fargo,” Cramer said, adding that the bank’s about-face under CEO Charlie Scharf is “finally paying off.”

Goldman Sachs

Cramer reiterated his positivity on Goldman Sachs, and states that he believes the investment banking giant can do it continue his record in 2021 with another strong performance this year. “Goldman is one of the best franchises in the world, but for heaven’s sake it’s selling for less than nine times its profits,” he said.

He said the only reason his charitable foundation doesn’t own Goldman Sachs is because it already owns Morgan Stanley. “I’m a big believer in diversification — you don’t have to have two investment banks in your portfolio,” he said.

MorganStanley

Cramer said he was very impressed Morgan Stanley’s earnings results for Wednesday, noting that sales and earnings per share exceeded Street’s expectations. Its investment banking unit and wealth management are doing well, Cramer said, and spending remains under control.

“Oh, and they’re aggressively buying back shares. asked Cramer rhetorically.

Bank of America

said Cramer Bank of America, the also reported on Wednesday, delivered solid numbers, including the fact that revenue growth of 10% outpaced spending growth of 6%.

“Like Wells Fargo, Bank of America is very sensitive to interest rates, which means it’s in a great position going into 2022,” Cramer said, adding that the only reason his charitable foundation doesn’t own Bank of America is because of that that he likes Wells Fargo better .

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Jim Cramer, who as soon as noticed oil shares as uninvestable, explains new view

CNBC’s Jim Cramer on Wednesday offered a defense of his newfound optimism about investing in oil stocks, claiming he changed his mind after concluding that circumstances had changed.

“From an asset manager’s perspective, there’s no shame in wearing flip-flops. Call me crazy, but when the facts change, I change my mind. I want to make money,” he said “Bad Money” Host who stated in January 2020 that he was “Done with fossil fuels” and suggested oil stocks were the new tobacco.

At the time, Cramer offered a gloomy outlook on shareholders’ ability to make money from fossil fuel stocks because he believed concerns about climate change were keeping young investors away from these stocks.

Cramer said Wednesday he believes his thinking is justified.

“Was I wrong to call them uninvestable? I do not think so. Before hitting rock bottom in 2020, this group spent years in the kennel. Of course that’s no longer the case,” Cramer said, alluding to the fact that Energy ended in 2021 as the best performing sector in the S&P 500. Energy, too, has already increased by about 16% in 2022.

Cramer said there have been two major shifts at oil and gas companies that have helped stocks in the cohort surpass their previously lackluster returns. The first is that there is an “entirely new attitude” to efforts to reduce carbon emissions, Cramer claimed, pointing out chevrons $10 billion investment by 2028 and Exxon MobileI was recently announced Net zero promise by 2050.

From an investment perspective, however, Cramer said the more important change was that “both the majors and the independents have moved away from that ‘drill-baby-drill’ mentality.”

“Instead of spending a fortune to flood the market with new supply every time oil prices go up, they have become much more cautious. … Your reticence has helped the entire industry catch its breath, and that’s a key reason. ..why crude oil is now $86 a barrel,” he added, explaining that higher oil prices allow the company to be significantly more profitable.

“I spent years telling you all the issues with the oil industry — from an investing perspective — then these companies addressed each and every one of the issues that are important to me,” Cramer said.

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Bubblicious used automobile costs rising sooner than bitcoin, Jim Bianco warns

Your car may be more valuable than what’s in your portfolio.

According to market researcher Jim Bianco, used car prices are rising faster than Bitcoin and other assets.

“If you want to know what’s the best investment you’ve likely had in 2021, it’s this car that’s in your driveway or garage,” the president of Bianco Research told CNBC.Trading nation“on Thursday.” It is appreciating faster than the stock market and lately faster than some cryptocurrencies. “

He bases his analysis on the Manheim used car price index, which is designed to track price developments in the market.

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“In the last four months the price has increased by more than 20%. Not only is this more than the S&P, but more than Bitcoin itself in the past four months, ”he said. “As of December 15th, the latest data we have is just accelerating. At least until now there has been no peak.”

Bitcoin is up about 5% over the past four months based on Thursday’s market close. the S&P 500 has increased by 26% so far this year.

Bianco cites two optimistic drivers in the used car market. The first are those that are falling out of new cars due to semiconductor shortages.

Read more about electric vehicles from CNBC Pro

Kelley Blue Book reports that car prices are at record highs. In November, the median price of a new car was $ 46,320 and a used car was $ 27,569, a 27% increase over the same time last year.

The second: speculators who want to turn vehicles over.

“What we see in used cars is a rush for people to buy them and a rush for people to speculate on them,” he noted. “Buy it now, it will only get more expensive.”

“Tell-Tale Signs of a Bubble”

It is clearly not your parents’ auto market.

“It has all the tell-tale signs of a bubble,” he said. “Used car prices are supposed to be a depreciation factor. They shouldn’t increase in price. But this year they have increased by 49%, let’s call it 50%.”

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Bianco suggests the shock with car price stickers reflects a bigger problem.

“That’s exactly what they have [Federal Reserve] I don’t want this to happen because that’s this self-reinforcing idea of ​​inflation, “he noted.

Last December on Trading Nation“Warned Bianco that 2021 could be the first inflationary comeback in a generation.

He believes inflation will fall in 2022, but its fall will be much slower than most people think. As for a peak in car prices, Bianco suggests it’s everyone’s guess.

“It could go on for another year. It could be two more weeks,” said Bianco. “The activity you’re seeing is likely bubbly.”

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Jim Cramer says Common Electrical breaking apart into three firms is the appropriate transfer

CNBCs Jim Cramer cheered on Tuesday General electrics‘s plan to split into three separate companies focused on energy, aviation and healthcare.

While the possible breakup of the American industrial conglomerate may seem symbolically bleak, the Mad Money host said it was the right and necessary financial move and he trusts GE CEO Larry Culp to carry it out.

Culp, who acquired GE in 2018, “saved the company, and while we may miss the GE name, the divisions themselves were a house that, of course, couldn’t hold up,” Cramer said.

Cramer said Culp did an excellent job streamlining GE’s business structure and cleaning up its balance sheet after it was impacted by the financial crisis. However, Cramer said it made no sense to hold the remaining units together at this point.

“Let me put it this way: if you started a business today, you’d never start one that’s part aerospace, part health care, and part energy, including renewable energy,” said Cramer.

GE plans to outsource its healthcare business by early 2023 and its energy business by early 2024, according to a press release from the company. The current GE will be the aerospace-focused company.

Once that happens, Cramer said the standalone companies will be easier to deceive for Wall Street analysts and investors alike.

“Even at its peak, that combination hasn’t wowed anyone in twenty years so you had to do it,” said the former hedge fund manager, but suggested that as separate entities it could be a different story.

“A healthcare company based on high-demand MRI machines that they can’t even get enough of? That’s good, ”said Cramer. “The power and renewable energy business could be very attractive to asset managers looking to go green – and there are plenty of them.”

GE shares rose 2.65% Tuesday to close at $ 111.29 apiece. The stock is up almost 29% since the start of the year, outperforming the S&P 500It’s about 25% profit over the same range.

Jim Cramer says flood of IPOs is weighing on inventory costs

Investors can expect stocks to remain under pressure as long as the market is flooded with new public offerings, CNBC’s Jim Cramer said Thursday.

“A lot of stocks are hit here because there isn’t enough cash to buy all of the junk that has been created lately,”Bad money“said the host.” Inventories are falling because, like goods in a store, there is simply too much inventory to be devalued. The speculators are always the first to go. “

The second half of 2021 is Wall Street Digesting a long list of IPOs that came in the first six months of the year. In the first half of the year, more than 210 IPOs grossed more than $ 70 billion. June was the single month with the highest turnover for the IPO business for almost 21 years.

The IPO market practically separated the bond market, typically a predictor of the overall economy, from the stock market, Cramer said. If the IPO flood continues, stocks will continue to decline under their own weight, he said.

“If we get some respite from new underwriting and the earnings are still good, I’ll stay a cop, but you have to stop the new offering,” said Cramer. “Stocks go down because people have to sell. They don’t want to lose money.”

The Dow Jones industry average rose nearly 54 points, or 0.15%, to close at 34,987.02 on Thursday.

The S&P 500 slipped 0.3% while the Nasdaq composite declined for the third session in a row.

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CNBC’s Bob Pisani contributed to this report.

Jim Cramer blames market sell-off on failures to comprise delta unfold

CNBC’s Jim Cramer came out on Thursday bluntly blaming world governments for the market sell-off and slamming heads of state for failing to get a grip on the spread of a variant of Covid-19.

Major US stock averages all fell nearly 1% during the session, dragging the S&P 500 and Nasdaq Composite indexes from record highs. Health concerns also caused bond yields to decline to levels not seen since February.

The declines can be attributed to the Delta trunk, which is rapidly spreading around the world, Cramer said.

“I put this sell-off right into the laps of politicians around the world because we are facing a failure in global leadership,” saidBad money“Said the host.

“Here in America we do a much better job vaccinating people than in most other countries, but we screwed it up when we volunteered the vaccination process.”

Cramer criticized the US Food and Drug Administration for using coronavirus vaccines such as Modern and PfizerBioNTech. Three vaccines including a one-shot solution of Johnson & Johnson, have been authorized by the Emergency Response Agency to Fight the Health Crisis and distributed to millions across the country.

CNBC Pro’s Stock Picks and Investment Trends:

Pfizer FDA approval pending of his vaccine in May, followed by one Submission by Moderna for your own product in June.

“You might think this is a formality, but so many Americans don’t trust vaccines and the lack of FDA approval certainly doesn’t help,” Cramer said. “I urge the FDA to explain themselves and their foolhardy behavior.”

The Delta variant, which was first discovered in India and is rapidly spreading around the world, is now the dominant tribe affecting people in the United States in communities where vaccination rates lag behind.

That’s what health experts say Mask requirements for indoor use and public health measures may need to be reintroduced to slow down the spread of the delta variant in the country.

“If we can get a grip on the COVID variants by forcing people to vaccinate, I think bond yields and the stock market will rise again,” Cramer said. “I don’t see much hope of speeding up vaccinations without either paying people money or forcing them, which is not going to happen in this country.

50 years after his dying, followers honor Jim Morrison in Paris | Leisure

She has since moved to Paris and comes to Pere-Lachaise almost every year to photograph Morrison’s grave and his fans, many of whom have become friends.

“(It’s like) people sitting around on couches in someone’s apartment instead of in a grave just talking and meeting,” she recalls. “It was really nice … I still come as often as I can because it’s always so wonderful.”

Colleen Amblard drove seven hours from her hometown of Domancy in the French Alps to visit the tomb. The 21-year-old student told The Associated Press, “It is very emotional to be here, to remember Jim Morrison … to show that he has not been forgotten.”

“We recognize his talent and the fact that he was a brilliant person, he really was a genius,” she said.

Like many other fans, Amblard planned to visit other places Morrison spent time during his stay in Paris, from his apartment to the former nightclub where some say he died of a heroin overdose.

Born in Melbourne, Florida in 1943, Morrison was the son of a US Navy officer and moved constantly as a child, growing up in Florida, Virginia, Texas, New Mexico, and California.

He said he witnessed the aftermath of a terrible car accident on a Native American reservation as a child, an event that featured prominently in his later texts and poems. As an avid reader, he was heavily influenced by the philosopher Friedrich Nietzsche, the poet Arthur Rimbaud and the surrealist playwright Antonin Artaud.

Jim Cramer says Yellen’s rate of interest feedback ‘spooked the market’

CNBC’s Jim Cramer put the decline back on Monday on news from the US Treasury chief.

On Sunday, secretary Janet Yellen told Bloomberg News that raise the interest rate would be positive for the country if the Biden government’s grand spending plans help set off some inflation in an expanding economy.

“The prospect of higher interest rates has scared the market,” said Cramer.Bad money“In response to the mixed meeting on Wall Street.

The Dow Jones industry average slipped 126 points, or 0.36%, to close at 34,630.24. The S&P 500 finished 0.08% lower at 4,226.52. The Nasdaq composite, however, was a winner, improving 0.49% to 13,881.72.

Yellen, a former chairman of the Federal Reserve, said Bloomberg President Joe Biden’s $ 4 trillion bailout could run to $ 400 billion a year, but argued that any surge in consumer prices would subside over the next year.

“It made salespeople [do] what is widely known as “hit bids,” “Cramer said, referring to when traders are willing to sell a stock below a buyer’s bid price.

That helped lower the steelmaker’s stock Nucor, one of the top S&P 500 winners this year. Nucor stock bounced back from its lows and closed at $ 107.37.

“Sellers overwhelmed buyers, beating all bids” to an intraday low of $ 105.51, down from $ 110 last week, Cramer said.

“I think it’s a fabulous buying opportunity. Nucor has had several years of doing well when the [business] Cycle gets going, “he said.” But the stock closed more than 1%, which put me in an opposition camp. “

Jim Cramer: The Reopening Is Large, and the Cash Managers Are Clueless


May 18, 2021 | 4:13 p.m. EDT

Share prices in this article:

WMT,

HD,

M.,

AAPL,

AMZN,

NCLH,

DIS,

AMC,

ULTA,

THE,

WYNN,

ABNB,

PLTR,

TWLO,

ZM,

U.

It’s not just a reopening. It’s a reopening with a country full of cash. I am starting to realize that many money managers either never went shopping or went nowhere at all. If they did, they would know that at this point in time there is simply no stopping an American consumer who has a clean record and a desire for something to be done outside …

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