Latest news with #GuidetoInvesting
CNBC
14 hours ago
- Business
- CNBC
Cramer's Lightning Round: 'It's the time to buy McDonald's'
Nebius Group: "....Nebius we are not going to trust." Sweetgreen: "The stock's down 57%, and they're not making money." Monster Beverage: "...You own is just one smoking hot stock." Okta: "You buy Okta...I want to own more Okta." McDonald's: "I've been saying that you must own McDonald's the time to buy McDonald's." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
CNBC
14 hours ago
- Business
- CNBC
Jim Cramer's week ahead: Labor report and earnings from Constellation Brands
CNBC's Jim Cramer on Friday guided investors through next week's market action, specifically the labor report and earnings results from alcohol maker Constellation Brands. He also reflected on the past quarter, saying it ended on a strong note after a turbulent start when investors panicked over President Donald Trump's so-called "liberation day." Back in April, Trump announced steep tariffs on products from a slew of countries, including the U.S.'s biggest trading partners. The market has recouped most of its losses since then. Cramer pointed out that the averages managed to finish up on Friday, shrugging off losses incurred this afternoon when the president announced he had ended trade talks with Canada. "We're headed for a shortened week after a terrific quarter, one that started horrendously and finished incredibly strong, showing you that staying the course is the only logical way to approach this often mercurial and treacherous market," Cramer said. On Monday, Cramer is scheduled to interview Amazon CEO Andy Jassy. He said he hopes Jassy can give insight into consumer spending, especially after data released Friday indicated some consumers were tightening their belts. Monday also brings the Chicago Purchasing Managers' Index, which provides manufacturing data. Cramer said the report is a solid indicator of the health of the industrial economy and could put pressure on the Fed to cut interest rates if it's weak. Tuesday brings earnings results from Constellation Brands, and Cramer said he expects a miss, adding that the company is a microcosm of what's plaguing the consumer packaged goods sector as a whole. According to Cramer, both the rise of GLP-1 weight loss drugs and consumers' growing preference for cannabis is hurting alcohol names broadly. He also pointed out that Constellation Brands — known for brands including Modelo, Pacifico and Corona — said Trump's immigration policy is weighing on sales. Roughly half of Constellation Brands' beer sales come from Hispanic consumers, and management said Trump's efforts to ramp up deportations is causing that group to spend less, especially as many grow concerned about employment loss. Mortgage application figures will be released Wednesday, and Cramer said the data has become "an albatross for the entire economy." Thursday is the key day of the week because the newest labor report is set to be released, Cramer said. If the data is weak, he continued, Trump might again harshly criticize Fed Chair Jerome Powell. Weaker nonfarm payrolls might also put the possibility of a July rate cut back on the table, Cramer added. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club holds shares of Amazon.
CNBC
15 hours ago
- Business
- CNBC
Jim Cramer is not giving up on Apple. Here's why
CNBC's Jim Cramer on Friday told investors that he's still pulling for Apple, even as its stock lags behind the averages. "If Apple can shake off its current shroud of negativity — maybe they make nice with President Trump somehow — I could justify paying 35 times earnings for the stock," he said. "Which is why I'm simply not ready to give up on this one." Cramer said he understands the current lack of enthusiasm for the iPhone maker. President Donald Trump is slapping steep tariffs on China, where Apple does the majority of its manufacturing. Trump has also said the company would have to pay a tariff of 25% or more if it were to make smartphones anywhere outside the U.S. — thwarting Apple's plans to dodge the new regulations by moving manufacturing to India. Some analysts have said domestic manufacturing would raise the cost of an iPhone by at least 25%, with one estimating a U.S. iPhone could sell at $3,500. Apple's recent Worldwide Developers Conference didn't "yield anything groundbreaking," Cramer continued, especially related to artificial intelligence. The tech titan also gave "tepid" guidance when it reported earnings last month, he added, and some on Wall Street are concerned as litigation regarding the App Store continues. However, Cramer said he's willing to stick with the company despite this uncertainty. He said he has faith in CEO Tim Cook, adding that tough times for Apple in the past have always proven to be great buying opportunities in hindsight. He reviewed the stock's performance over the past several years, noting that it has rallied hard after hitting bottoms. Cramer also said it's important to avoid looking at Apple's price-to-earnings multiple in a vacuum, saying investors should factor in its earnings growth rate. Money managers will pay up for growth, he continued, and he said Apple is expected to put up 14% earnings growth in the current calendar year. Meanwhile, he added, the S&P 500 as a whole is set to grow at a 9.4% clip. "There's clearly a point where Apple's stock becomes too cheap to ignore, and recent history says that's around 25 times earnings…that means down about 20 points from here," Cramer said. "I certainly don't want to see it revisit that level….but if for some reason the stock gets clobbered, you know what, let's back up the truck at $180." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust holds shares of Apple.
CNBC
2 days ago
- Business
- CNBC
Cramer's Lighting Round: 'You want to own' Marathon Petroleum
Marathon Petroleum: "I think you want to own that stock. I like it very, very much. I just think that it's one of the that group that I actually want to own." Aurora Innovation: "I have seen these speculative stocks go up and up, and I'm not going to make you sell Aurora Innovation when a headline would cause that stock to double." QXO: "I am going with Brad Jacobs." Toast: "I like got a good one there." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
CNBC
2 days ago
- Business
- CNBC
Jim Cramer: These S&P 500 winners demonstrate the market's broad success
CNBC's Jim Cramer on Thursday said he wanted to demonstrate that a broad group of stocks are seeing gains, reviewing some of the day's best S&P 500 performers. "Everyone who warned you that the market was too narrow to go higher is now either closing out their short positions or getting their faces ripped off," he said. "Neither's a good thing." Here are stocks that helped lead the broad market index on Thursday: "For years, we were warned that our rallies were too narrow," Cramer said. "Now we've got a broad leadership group — today it was a solar, a couple of minerals, a crypto platform, two data center stocks, a utility, a biotech and a natural gas producer. That's what I call a real broad, bullish rally." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club holds shares of Nvidia.
