Cramer's Lightning Round: TG Therapeutics is a buy
TG Therapeutics: "I think you should buy the stock."
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Canada could financially back aluminum producers if 50% U.S. tariffs persist, trade group says
MONTREAL (Reuters) -Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a U.S.-led trade war, in the event that Washington's 50% tariff on imports of the metal persist in the medium term, the CEO of a key industry trade group said on Saturday. Aluminium Association of Canada CEO Jean Simard told Reuters in an interview that the early talks could help the sector in the event that Ottawa is unable to reach a planned deal with its key trading partner by July 21. While the major aluminum producers operating in Canada do not have liquidity problems, Simard said, a 50% U.S. tariff on aluminum imports would inevitably have an impact on finances if it continues. "It's part of a larger discussion where everything is on the table," Simard said, adding that no decision has been reached. "With the 50% tariff in effect since June 4, it's normal that there are discussions, among other things, about the impact on businesses' liquidity if the situation persists over time." Around half of all aluminum used in the U.S. is imported, with the vast majority coming from Canada, which exported 3.2 million tons of the metal to the United States last year. Simard's comments follow media reports late Friday in which federal industry minister Mélanie Joly said the government is having conversations with Rio Tinto about providing financial assistance due to the crushing U.S. tariffs. Joly was said to have mentioned the talks during a meeting on Thursday with business leaders in Quebec's Saguenay region, a significant hub for aluminum production also known as Canada's Aluminum Valley. Rio Tinto declined comment on Saturday. A spokesperson for Joly was not immediately available for comment. U.S. President Donald Trump doubled tariffs on steel and aluminum imports to 50% last month, stepping up pressure on global steel producers and deepening his trade war, to support domestic production of the vital materials for construction. Sign in to access your portfolio
Yahoo
6 hours ago
- Yahoo
Jim Cramer Calls Bank of America 'The Weakest' in the Group
Bank of America Corporation (NYSE:BAC) is one of the 22 stocks Jim Cramer recently talked about. Discussing the recent dividend boosts by the bank stocks, including BAC, Cramer stated: 'Bank of America announced a 7.7% dividend increase and now it's got a 2.3% yield… Bank of America and Wells Fargo are the next cheapest, but they both trade at a little less than 2 times tangible book value, a huge premium to Citi… And look, when you judge the bank stocks on a price-to-earnings basis, you get a similar story… Bank of America and Wells Fargo, 13 and 14 times earnings, respectively… The weakest Bank of America, still up nearly 11% for the year… Still, with the banks featuring discount multiples compared to the overall market, you know what, I'm not so sure that the good times… necessarily have to end for this group. I think they can continue moving higher. The bottom line: In this environment, I bet the big banks are some of the best investments this year, yet still very inexpensive, at least on earnings versus the rest of the market, have more room to run, maybe much more.' A professional banker providing consultation to a customer in the security of his office. Bank of America (NYSE:BAC) is a financial institution that provides banking and financial services such as savings accounts, checking accounts, loan products, investment management, and wealth management solutions. While we acknowledge the potential of BAC 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Miami Herald
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Popular, hyped Pepsi sodas discontinued, ‘limited time left'
Soda companies take different approaches when it comes to eliminating flavors. Coca-Cola has taken the Band-Aid approach. Multiple times over the past few years, the company has held a press conference to share that it's discontinuing dozens of flavors. Related: Jim Cramer makes a bold statement on AI job threats In some cases, it got rid of whole brands. When that happens, consumers can buy whatever is left on shelves, and retailers may take deliveries for any remaining stock. It's a pretty harsh approach, since it seems like every soda or beverage has somebody who considers it their favorite. If there was a Tomato Coke or Dish Soap Pepsi, there would be enough people out there to launch a petition and a protest when the flavors get eliminated. Don't miss the move: Subscribe to TheStreet's free daily newsletter Coca-Cola and PepsiCo, however, need a product to maintain a certain scale in order to keep manufacturing it. When it drops below those numbers and the company determines it's not worth spending the money to bring sales back up, the product gets cut. PepsiCo (PEP) takes a slightly different approach to this than its chief rival does. After the company has discontinued a soda or other type of beverage, it has a product locator on its website that shows the status of that beverage. If you go to the Pepsi website and look under product locator, you can see the status of various beverages. It might tell you that only limited production remains, or that the item is no longer being produced, but is still available. Basically, the soft drink snack giant gives its customers a chance to track down their favorite in order to either hoard or say goodbye. You would think people would not be that dramatic when it comes to soda, but they most certainly are. When PepsiCo introduced Pepsi Nitro in 2022, it did not spare the hype. "Pepsi is taking on its most ambitious feat yet, reimagining the cola experience with a massive innovation - Nitro Pepsi. Nitro Pepsi is the first-ever nitrogen-infused cola that's actually softer than a soft drink - it's creamy, smooth, and has a mesmerizing cascade of tiny bubbles topped off by a frothy foam head," the company shared in a press release. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers The idea was clearly borrowed from Starbucks Nitro Cold Brew, but it was a novel take on a traditional cola. The company said it got the idea from the beer industry. "Nitro Pepsi will have you reconsider what you know about cola. Smaller bubbles, also infused with nitrogen, create an unbelievably smooth, creamy texture made possible by a unique widget placed at the bottom of every can," the company shared. "This is the first time this type of widget technology, often seen in beer and coffee products, is being applied to the cola category and creates the frothy, foamy, smooth texture unique to Nitro Pepsi." While the New Coke and Crystal Pepsi debacles reminded both PespsiCo and Coca-Cola (KO) to show some marketing restraint, that was barely evident when Nitro Pepsi launched. The PepsiCo hype machine was in full effect. The company shared the following: "It does not look and taste like a traditional cola or soda, and in fact, it's best consumed differently as well. While Nitro Pepsi is enjoyed from the can, there are a few steps you can take for optimal consumption. Nitro Pepsi is:" Best served cold, ideally without ice Best "hard poured" or fully inverted into a tall glass Best enjoyed sipped directly from the glass (rather than through a straw), allowing the unique foam head to leave a frothy, foamy mustache It was a heavy sell, and it never really worked. Nitro Pepsi and Nitro Pepsi Vanilla never really became more than novelty offerings. Now, the company is quietly getting rid of both of them. On the Pepsi Product Locator website, the company shows both Nitro flavors and the Nitro Variety Pack as "Limited time left." Scrolling over that shows that while manufacturing has ended, there is some supply left. Related: Costco has a massive labor problem nobody is talking about "Nitro Pepsi is a first-of-its-kind innovation that creates a smooth, creamy, delicious taste experience for fans everywhere. Much like how nitrogen has transformed the beer and coffee categories, we believe Nitro Pepsi is a huge leap forward for the cola category and will redefine cola for years to come," said PepsiCo Marketing VP Todd Kaplan at the time of the launch. "Years to come" ended up being around three years, as Nitro Pepsi came in with full-on fanfare, but is leaving with a sad note on a website. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
