[ad_1] Club holding Starbucks (SBUX) reported strong fiscal fourth-quarter results after the closing bell Thursday, giving us confidence that demand can endure the softness in the global economy and China’s continued adherence to its zero-Covid policy. Revenue advanced to a quarterly record of $8.4 billion, exceeding expectations of $8.31 billion. …
Read More »Cramer’s lightning round: I’m sticking with Nvidia
[ad_1] Nvidia Corp: “I know it’s overvalued right now. … I think a year from now, the stock’s going to be higher, and I’m sticking with Nvidia.” GoPro Inc: “I said sell that stock. … $95, never looked back.” Home Depot Inc: “I think that the Fed is directly targeting …
Read More »Jim Cramer says to parse the Dow for recession-resilient stocks
[ad_1] CNBC’s Jim Cramer on Thursday advised investors on where to look for stocks that can withstand a potential economic downturn. “The Dow Jones Industrial Average is filled with relatively cheap stocks because traders assume these 30 old-line companies are the most vulnerable to a recession. But that’s not true: …
Read More »Goldman Sachs unveils crypto classification system, aimed at institutional investors
[ad_1] A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is making a bid to standardize the way the financial industry talks about, tracks and …
Read More »I don’t want to own Taiwan Semiconductor
[ad_1] Cerence Inc: “In a market like this, it can go to $13, $12. If you can take that level of pain, you can absolutely buy it, because it is a good company.” Matterport Inc: “It’s a $3 stock. So you think, ‘well, how much can you lose?’ I’ve got …
Read More »Jim Cramer picks 4 apparel stocks that are ‘worth owning’
[ad_1] CNBC’s Jim Cramer on Wednesday offered investors a list of apparel stocks they should consider adding to their shopping lists. “I’m still bearish on apparel and footwear in general, but if you’re selective, some of these are definitely worth owning,” he said, adding that investors should wait to buy …
Read More »Stay away from ‘fool’s gold’ software stocks
[ad_1] CNBC’s Jim Cramer on Wednesday advised investors to stay away from software stocks. “Data has become fool’s gold. Data is iron pyrite. When you hear the word data and you see a loss, I don’t care what kind of growth the company has, I don’t care what kind of …
Read More »We still see Estee Lauder shares as a buy on weakness despite downbeat guidance
[ad_1] Estee Lauder (EL) reported a better-than-expected fiscal first quarter, but a downbeat forecast for the rest of its fiscal year sent shares lower Wednesday. However, if not for our Club trading restrictions , we would have been buyers on the weakness. First, the headline numbers: Quarterly revenue declined 11% …
Read More »We’re impressed with health insurer Humana’s solid quarter and rosy outlook for next year
[ad_1] Club holding Humana (HUM) reported a mixed-but-solid third quarter before the opening bell Wednesday. Early optimism about 2023 also supported our bullish view on the health insurer’s stock. Revenue increased 9% year-over-year to $22.75 billion, slightly below estimates of $22.76 billion, and adjusted earnings-per-share increased 42% to $6.88, exceeding …
Read More »Eli Lilly CEO on guidance cut, potential obesity drug, Alzheimer’s study
[ad_1] Eli Lilly (LLY) CEO David Ricks on Tuesday expressed optimism around the drugmaker’s innovation pipeline Tuesday, a stance we share despite the Club holding’s cluttered quarterly report issued earlier in the day . “The underlying fundamentals of the business are really strong,” Ricks said in a CNBC interview with …
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