Stock Movers: Mondelez, Booking, Chart Industries
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Yahoo
2 days ago
- Yahoo
Baker Hughes Company (BKR) Is 'So Smart,' Says Jim Cramer
We recently published . Baker Hughes Company (NASDAQ:BKR) is one of the stocks Jim Cramer recently discussed. Baker Hughes Company (NASDAQ:BKR) is an oil and gas production equipment company that has managed to perform better on the stock market when compared to rivals and peers SLB and Halliburton. The stock has gained 9.6% year-to-date on the back of a 16% gain in July due to the firm's latest EPS and revenue beating analyst estimates. Cramer's previous comments about Baker Hughes Company (NASDAQ:BKR) have pointed to the strong performance, and this time, he discussed the specifics of the strong performance: '[$13.6 billion deal to buy Chart] Oh my god, that deal is so smart, particularly in light of liquefied natural gas. They've always had the great equipment. They've also had, remember they used to have the [inaudible]. They had the welders. You need a lot of welders. That's a great deal. Copyright: Elnur / 123RF Stock Photo Here are Cramer's previous remarks about Baker Hughes Company (NASDAQ:BKR): 'But not as many as you would think. I mean, look, oil and gas, you would think that would be terrible with oil in the 60s, they're doing pretty well. Well, Schlumberger and Haliburton have a hard time. Baker Hughes actually had a good quarter. But then, out of nowhere, you get this LNG deal. And you say, wow, I mean there's an industry that's got customers for the rest of its duration.' While we acknowledge the potential of BKR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Bloomberg
2 days ago
- Bloomberg
Stock Movers: Figma, Carvana, Microsoft
On this edition of Stock Movers: - Carvana (CVNA) shares notched an all-time high this week — rising more than 10,000% from a low in late 2022 — and delivering a blow to investors betting against the online used-car dealer. The jump to record caps a roller-coaster ride for the stock that quickly became an investor darling after a public debut in 2017, but has also been plagued by criticisms ranging from claims that the company was overvalued and allegations of lax business practices. The latest gains came after the company's blockbuster second-quarter results on Wednesday fueled expectations that a turnaround is taking hold at the embattled company. - Microsoft (MSFT) has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street's expectations, sending the stock soaring Thursday. Shares of the technology behemoth jumped, pushing its market value to $4.1 trillion. Nvidia Corp. became the first company to hit the milestone earlier this month. The company's latest results confirmed that it's a leader in the artificial intelligence boom that's lifted megacap tech stocks, and the broader market, for the last few years. Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39% rise in sales, handily beating the 34% analysts expected. - Figma (FIG) shares jumped 250% in their public debut after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe. The company sold 12.47 million shares in the IPO, which priced Tuesday, while investors including Index Ventures, Greylock Partners and Kleiner Perkins sold 24.46 million shares. The trading gives Figma a market value of nearly $55 billion, based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, and restricted stock units for Chief Executive Officer Dylan Field, which are subject to vesting conditions, the fully diluted value is well above $65 billion.
Bloomberg
3 days ago
- Bloomberg
Stock Movers: Amazon, Apple, Kimberly Clark
On this episode of Stock Movers: - Amazon (AMZN) shares fall after the company reported weaker-than-expected operating income. Amazon spent a record $31.4 billion on capital expenditures in the quarter, up about 90% from the same period a year earlier - Apple (AAPL) shares rise. CEO Tim Cook said the company saw an acceleration of growth around the world, including in Greater China and EM. 4Q revenue growth was seen in the mid to high single digits. That's better than the 3% that analysts had forecasted. - Kimberly Clark (KMB) shares jump after reporting the strongest volume growth in five years. Organic sales jumped 3.9% in the second quarter after consumers cut back in the first quarter amid tariff concerns.
