Lightning Round: Dover is a better industrial play than Modine, says Jim Cramer
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CNBC
2 hours ago
- CNBC
These 2 stocks are still on our shopping list, and what Eli Lilly needs to deliver on earnings
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are nicely higher on Wednesday with the S & P 500 rebounding from a slight dip in the prior session. Apple is one of the big gainers in the session after the White House confirmed to CNBC that the company plans to add another $100 billion to its previous $500 billion manufacturing investment pledge to the United States over the next four years. Apple was also reportedly spared from the recent tariff escalation on goods from India. That one-two punch of good news has sent Apple shares up nearly 6% and on pace for their third session over the past year. Still waiting : It's been about one week, but we are still looking to buy some Starbucks and Palo Alto Networks shares at these levels when our trading restrictions allow. The way our restrictions work is that we're unable to trade any stock that Jim Cramer mentions on CNBC for the next 72 hours. Both stocks got dinged last week: Starbucks sold off on earnings despite CEO Brian Niccol explaining that the coffee chain's turnaround plan was ahead of schedule. And Palo Alto Networks was slammed after it said it was buying CyberArk for $25 billion. This is the largest acquisition in the company's history, which naturally brings some execution risk. However, CEO Nikesh Arora is known for his deal-making. When he says the identity security market is inflecting , making now the best time to enter the category, we want to be there with him. With a more than 1% gain Wednesday afternoon, Palo Alto shares are on track to snap a six-session losing streak that began July 29, the day that The Wall Street Journal first reported on acquisition talks with CyberArk. Up next : Companies reporting after the closing bell on Wednesday include retail darling AppLovin , language learning app Duolingo , cybersecurity provider Fortinet , Airbnb , coffee chain Dutch Bros , and sportsbook DraftKings . Meanwhile, Club name Eli Lilly is set to report earnings before the opening bell on Thursday, and we're looking for combined revenue from Mounjaro and Zepbound to come in above the FactSet consensus estimate $7.73 billion. A raise would be a plus, but Eli Lilly will have to at least maintain its full-year guidance to ease concerns about a potential slowdown in the GLP-1 market, which Novo Nordisk highlighted last week. We trimmed our Lilly position off that Novo news as a hedge against slowing trends. Other companies scheduled to report are electricity provider Vistra , HBO parent Warner Bros. Discovery , Band-Aid owner Kenvue , and aircraft parts maker Parker-Hannifin . On the data side, we'll be on the lookout for weekly jobless claims. This report suddenly has a lot more importance to it following last week's awful jobs number. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
3 hours ago
- Yahoo
Foot Locker Inc (FL): DICK'S Buy Is Due To Nike, Says Jim Cramer
We recently published . Foot Locker Inc (NYSE:FL) is one of the stocks Jim Cramer recently discussed. Foot Locker Inc (NYSE:FL) is an American footwear and apparel retailer. Its shares have gained 16.8% year-to-date despite the broader sluggishness in the retail industry. The stock is up primarily due to a massive 85% jump in May. Foot Locker Inc (NYSE:FL)'s shares soared after DICK'S Sporting Goods announced that it would acquire the firm. As a result, the stock's movement in the future should revolve primarily around this deal. Cramer discussed Foot Locker Inc (NYSE:FL) in the context of its deal with Nike and the deal: '. . .I think that the Footlocker buy by Dick's is an acknowledgement that Footlocker's getting the right Nikes.' Here are Cramer's previous thoughts about Foot Locker Inc (NYSE:FL) in April: 'Foot Locker reported a terrific quarter, much better than expected, as CEO Mary Dillon's turnaround plan takes hold, aided by Nike's attempts to repair its relationship with actual shoe stores. Nobody cared too much under the previous CEO. Nike didn't really care for Foot Locker; they wanted more of an emphasis on direct-to-consumer. It was stupid, and that didn't work out. But Elliott Hill, the new CEO, is working very closely with Foot Locker. It's a new Foot Locker. But people were way too gloomy to even notice the same-store sales improvement this morning. That doesn't make sense. I think it's a genuine winner. I can go on, and yes, despite all these positives, the stock only gained 89 cents because things are being valued incorrectly.' While we acknowledge the potential of FL 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 hours ago
- CNBC
Cramer's advice on Disney stock after earnings, and Amazon makes a smart AI move
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. The S & P 500 was modestly higher Wednesday morning while the 30-stock Dow Jones Industrial Average was lower, pulled down by losses in Amgen and Club name Disney on the back of earnings. Jim Cramer said he looks at Disney's earnings-related decline as a chance to buy some stock, recommending investors only buy a portion of their desired position size. If they want to own 100 shares, start with 50 on Wednesday, he said. We'll have our full earnings analysis out later in the day. "Today seems like a day devoted only to the hottest stocks in the universe," Jim said. "What we have to do is try to help people make money by looking at the stocks that have been left behind by this headlong rush to the go-go stocks like a Palantir , and we own a lot of them, and they are opportunities." 2. Amazon's deal to bring OpenAI's new "open weight" models to its AWS cloud service is a smart move that should help counter the narrative that it's falling behind on generative AI computing. This belief gained steam following the recent Big Tech earnings reports, which saw Microsoft's Azure and Alphabet's Google Cloud post faster growth rates than AWS. This is the first OpenAI models to be available on AWS, which is still the largest cloud platform by revenue. "I think this is all going to sort out in the wash and 18 months from now, you won't be able to tell the difference between [Azure and AWS]. I don't think you should sell" shares of Amazon here, Jim said. 3. Jim reflected on some of the recently struggling stocks in the portfolio, arguing that periods of underperformance do not necessarily mean investors should head for the exits. "I am more interested in things that don't excite because if it's exciting people, it's already moved. That's important," he said. Looking to buy shares of Club name Apple , which bounced Wednesday on news of additional U.S. investment commitments, when they traded in the low $200s apiece "is more my style" than chasing the name when it was higher, Jim said. "I can chase a Palantir. I can do GE Vernova , but the fact is that when a Honeywell is down, when a Dover is down, when an Eaton is down, that's what ... we do because we can't chase. We run a Charitable Trust. But I think people at home can't chase either. And if they do, for every one Palantir, you're going to have one that's going the other way." 4. Stocks covered in Wednesday's rapid fire at the end of the video were: McDonald's , Arista Networks , AMD , Uber , and Amgen . (Jim Cramer's Charitable Trust is long DIS, AMZN, MSFT, AAPL, DOV, GEV, HON and DOV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
