'Insane way to live': Why does Trump still have boots on the ground in Los Angeles?
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Yahoo
16 minutes ago
- Yahoo
Diageo plc (DEO): Use The Bounce In Share Price To Sell, Says Jim Cramer
We recently published . Diageo plc (NYSE:DEO) is one of the stocks Jim Cramer recently discussed. Diageo plc (NYSE:DEO)'s shares have lost 12% year-to-date but would have been down much more had it not been for a 13% jump in August. The stock rose after the firm reported 1.7% in full-year organic sales growth to beat analyst estimates of 1.4% and its operating profit dropped by 0.7% which was lower than the 1.2% drop that analysts had penciled in. Here's what Cramer said about the movement in Diageo plc (NYSE:DEO)'s shares: 'In this country we once had prohibition, I'm beginning to think we now have self-prohibition. There's a Gallup poll, talking about American self-reported drinking down 54% after consecutive declines. Believe moderate drinking is bad for health. The Gen Zs aren't drinking. I have to tell you that this is another reason to stay away from the stock of Diageo. Beer remains America's favorite booze, I'm not going to go into beer stocks. . .But I do think that there has been a little bit of a bounce in Diageo. . .and that's a good opportunity to exit. Because this is a mocktail era. People are, I mean it really is temperance. And there are a lot of people who feel that even red wine, they finally got rid of that canard. So be careful in the liquor story because its just not getting better, it's getting worse.' Previously, the CNBC TV host discussed Diageo plc (NYSE:DEO)'s shares and business environment: 'Oh, okay, you came to the right guy because I've been in the bar business, the restaurant business, and the liquor business. I gotta tell you, they all stink. The problem is this: If you're looking at the alcohol business, the GLP-1s, the new generation of people actually care about their health and wellness, and getting fat. Well, alcohol's got all three. And don't forget gummies. Gummies.. very heavy competition. I'd rather own gummies than… Diageo. There, that's a statement.' While we acknowledge the potential of DEO 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. Sign in to access your portfolio
Yahoo
16 minutes ago
- Yahoo
Interactive Brokers Group, Inc. (IBKR): 'There's Just No Fluidity,' Says Jim Cramer
We recently published . Interactive Brokers Group, Inc. (NASDAQ:IBKR) is one of the stocks Jim Cramer recently discussed. Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an American brokerage company whose shares have gained 38.8% year-to-date. The stock has benefited from strong revenue growth fueled by rising trading. Interactive Brokers Group, Inc. (NASDAQ:IBKR)'s shares jumped by 7.8% in July after the firm's second quarter revenue of $1.5 billion and $0.51 EPS beat analyst estimates of $1.4 billion and $0.47. Cramer discussed the recent share price performance: '[On recent poor share price performance] I think that people felt that maybe I want to be, maybe there's a little more competition. Now again, when you actually try to buy these things, it's rather extraordinary because these things are all very tricky. People just, there's no fluidity in trying to buy things.' Previously, Cramer commented on Interactive Brokers Group, Inc. (NASDAQ:IBKR)'s intelligence: 'The brokerage firm that is very, very smart and very well run. And I do like brokers, particularly those that are able to let us do what we want, and that's one of them. I say buy.' While we acknowledge the potential of IBKR 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.
CNN
18 minutes ago
- CNN
US suspends visitor visas for Gazans
Donald Trump The Middle East Federal agenciesFacebookTweetLink Follow Secretary of State Marco Rubio said Sunday that the State Department suspended visitor visas for Gazans because it received 'evidence' that some organizations facilitating the visas to the US 'have strong links to terrorist groups like Hamas,' without providing further details. The State Department announced in a post on X on Saturday that it would halt all visitor visas for individuals from Gaza as it reviews the process that allows them to temporarily enter the US for medical and humanitarian reasons. Rubio told CBS' 'Face the Nation' on Sunday that 'evidence' had been presented to the Trump administration by 'numerous congressional offices' and that the department had received 'outreach from multiple congressional offices asking questions about it.' He did not give details on the evidence or the offices that presented it. Far-right Trump ally Laura Loomer has taken credit for the pause in the visas following her claims that the families arriving from Gaza 'threaten our national security.' Loomer specifically criticized HEAL Palestine, an American nonprofit dedicated to providing critical aid to Palestinian families, including bringing kids suffering from severe injuries, psychological trauma and malnourishment to receive care in the US. The group says it has evacuated 63 injured children and 148 total people. The group, which returns Palestinians back to the Middle East after they are treated in US hospitals, criticized the Trump administration's move to halt visitor visas, saying in a statement on Sunday, 'this is a medical treatment program, not a refugee resettlement program.' As of May, the US has issued almost 4,000 visas to people holding Palestinian Authority passports permitting them to seek medical treatment in America. That number also includes Palestinians living outside of Gaza, such as in the West Bank. Rubio said Sunday that while a 'small number' of visas had been issued to children, 'they come with adults accompanying them, obviously, and we are going to pause this program and reevaluate how those visas are being vetted.' 'We're not going to be in partnership with groups that have links or sympathies towards Hamas,' he continued, without naming any specific groups or providing more information to corroborate the administration's concerns. CNN reached out to the State Department for more information about the evidence cited by Rubio. President Donald Trump acknowledged last month there is 'real starvation' in Gaza, breaking with Israeli Prime Minister Benjamin Netanyahu, whom Trump has grown increasingly frustrated with. 'I see it, and you can't fake that. So, we're going to be even more involved,' Trump told reporters of the humanitarian crisis.
