Jim Cramer talks the dynamic between wage inflation and layoffs
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CNBC
2 hours ago
- CNBC
Friday's stock market rotation gives a further boost to an out-of-favor sector
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 Friday's key moments. 1. The S & P 500 was under mild pressure Friday but headed for another strong week, with a gain of more than 1%. Health-care stocks continued to bounce back at the expense of momentum names such as Palantir and Club name GE Vernova . The Dow was performing better than the broader market, receiving a boost from UnitedHealth's best day in five years after Warren Buffett's Berkshire Hathaway revealed, in quarterly securities filings, a significant stake in the troubled insurer. "Big Short" investor Michael Burry and Appaloosa Management's David Tepper also disclosed sizable stakes in the embattled health insurer. 2. Consumers were feeling worse about the economy and future inflation in the early weeks of August, according to the University of Michigan's latest sentiment data. Consumers have taken the worst-case scenario about tariffs off the table, the survey director said. "However, consumers continue to expect both inflation and unemployment to deteriorate in the future." The government released July retail sales before Friday's open, and the headline and ex-auto numbers matched expectations. 3. HSBC analysts downgraded their rating on Club name Cisco Systems to a hold from buy, with a $69 per share price target, following this week's earnings release. They think that a restocking benefit lifting the company's networking segment is almost over. HSBC also pointed out that Cisco's security business came in below expectations. We were also critical of that in our earnings analysis on Wednesday evening and during Thursday's monthly meeting . But the key, in our view on Cisco, is that the AI infrastructure business is getting traction. (Jim Cramer's Charitable Trust is long CSCO. 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.
Yahoo
2 hours ago
- Yahoo
Jim Cramer on Chipotle: 'I Am Troubled'
Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer recently discussed. A caller asked if they should hold or sell the stock, and Cramer remarked: 'I am troubled. I'm troubled by Chipotle. It hit a 52-week low today at 41… I think that Scott Boatwright should come on and we suss out what's going on here because I don't like the action, and I don't like what I'm hearing. And yet I know that this is a place that I still like to eat, so I don't want to give up on it because I still like the product. Let's do some deep, let's do a deep dive on this one.' Susan Law Cain / Chipotle Mexican Grill, Inc. (NYSE:CMG) operates restaurants that provide burritos, bowls, quesadillas, tacos, salads, and related sides and beverages. When a caller sought Cramer's advice on the stock in a July episode, Cramer responded: 'Okay, why to sell, right? Boatwright, he's a good CEO. I think that a lot of people feel right now, that the price, that it's gotten, the meals are too expensive. I think that's nonsense. What's really happened here is they did this 50-for-1 split, and there's just stock sloshing around everywhere. It just hasn't been able to put together two good quarters. When it does that, I think it can break out again. But it's not, we don't own it. When it comes to restaurants, I like, you know, I like Texas Roadhouse. Why? Because it's a regional and national story. I prefer that to the stock of Chipotle.' While we acknowledge the potential of CMG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. 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
Yahoo
3 hours ago
- Yahoo
Intel Jumps As Trump Explores Investment In Bid To Revive US Chip Ambitions
Intel Corp. (NASDAQ:INTC) gained Friday after Bloomberg reported that the Trump administration is weighing taking a stake in the chipmaker, following a meeting between President Donald Trump and CEO Lip-Bu Tan. Jim Cramer said Intel's weak balance sheet makes a potential government stake critical to finishing projects that former CEO Pat Gelsinger couldn't fund. Tim Seymour of Seymour Asset Management warned that nationalizing a company is 'not conventional' and has historically sparked sell-offs, but acknowledged the political and strategic backdrop behind Trump's potential investment in Intel's long-delayed Ohio shares rose in after-hours trading Monday after President Donald Trump softened his stance following a White House meeting with CEO Lip-Bu Tan, whom he had urged to resign last week over alleged China ties. Cramer had earlier criticized Intel's $18.8 billion foundry loss in 2024 despite $8.5 billion in U.S. subsidies, questioning the viability of domestic chipmaking and warning investors to sell the stock as Advanced Micro Devices (NASDAQ:AMD) and Qualcomm (NASDAQ:QCOM) gain ground. Intel's 18A process has hit yield issues, threatening its ability to profitably produce advanced chips and undermining efforts to close the gap with Taiwan Semiconductor Manufacturing Co (NYSE:TSM). The setback comes as rivals gain ground, while Intel faces internal headwinds, including multiple senior executive departures, a workforce reduction targeting thousands of positions, and the delay of its long-touted Ohio fab project into the 2030s. Fitch downgraded Intel's credit rating, citing uncertain profitability in its foundry pivot, operational turbulence from leadership instability, and the mounting impact of missed timelines. Intel stock gained 23% year-to-date, topping the NASDAQ 100 Index's over 13% returns. Intel stock dropped over 9% after second-quarter results showed a revenue beat on tariff-related pull-ins but weak margins and cautious guidance. Management forecasts that the third-quarter revenue will be $13.1B, above consensus, but the gross margin guidance of 36% lagged expectations. Analysts flagged persistent competitive pressure from AMD and Arm (NASDAQ:ARM), Intel's lack of an AI pipeline, and a capex-heavy manufacturing model. Benchmark warned Intel may need years to improve design and manufacturing competitiveness. At the same time, Bank of America Securities, Rosenblatt, and Needham said the turnaround remains slow despite stronger-than-expected first-half sales. Price Action: INTC stock is trading higher by 2.89% to $24.55 at last check Friday. Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? INTEL (INTC): Free Stock Analysis Report This article Intel Jumps As Trump Explores Investment In Bid To Revive US Chip Ambitions originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
