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Yahoo
13 hours ago
- Business
- Yahoo
Robinhood Markets, Inc. (HOOD): 'The Numbers Are Extraordinary,' Says Jim Cramer
We recently published . Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed. Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer's favorite stocks. He believes that the firm enjoys a significant advantage over traditional brokers and has a strong platform that has facilitated the transfer of wealth between the older and younger generations. Robinhood Markets, Inc. (NASDAQ:HOOD)'s shares have gained 189% year-to-date as investors continue to be enthused about its competitive advantage and market share. Here are Cramer's latest comments about the firm: 'And you know that from Robinhood, the numbers are extraordinary. A lot of the brokers I think are sitting back, they don't want to admit it on air and say, oh my god, Robinhood is crushing us. 'Uh, I do think that, Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.' Cryptocurrency Ethereum – Mobile device neo-broker smart stock trading app Previously, the CNBC TV host discussed Robinhood Markets, Inc. (NASDAQ:HOOD)'s platform: 'Do I have to describe Robinhood to you? It's an app. No, it's a bank. No, it's a repository of wealth of the millennials, whatever you want to call it. Robinhood has 25 million accounts, and it offers ETFs, options, gold, and crypto. It came out of nowhere. This company was worth $11 billion two years ago. Now it's $88 billion. Again, incredibly profitable. Out of nowhere, it seems to have captured young people who would otherwise not bother to invest. You know what I say? Hallelujah.' While we acknowledge the potential of HOOD 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
Yahoo
20 hours ago
- Business
- Yahoo
Robinhood Markets, Inc. (HOOD): 'The Numbers Are Extraordinary,' Says Jim Cramer
We recently published . Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed. Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer's favorite stocks. He believes that the firm enjoys a significant advantage over traditional brokers and has a strong platform that has facilitated the transfer of wealth between the older and younger generations. Robinhood Markets, Inc. (NASDAQ:HOOD)'s shares have gained 189% year-to-date as investors continue to be enthused about its competitive advantage and market share. Here are Cramer's latest comments about the firm: 'And you know that from Robinhood, the numbers are extraordinary. A lot of the brokers I think are sitting back, they don't want to admit it on air and say, oh my god, Robinhood is crushing us. 'Uh, I do think that, Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.' Cryptocurrency Ethereum – Mobile device neo-broker smart stock trading app Previously, the CNBC TV host discussed Robinhood Markets, Inc. (NASDAQ:HOOD)'s platform: 'Do I have to describe Robinhood to you? It's an app. No, it's a bank. No, it's a repository of wealth of the millennials, whatever you want to call it. Robinhood has 25 million accounts, and it offers ETFs, options, gold, and crypto. It came out of nowhere. This company was worth $11 billion two years ago. Now it's $88 billion. Again, incredibly profitable. Out of nowhere, it seems to have captured young people who would otherwise not bother to invest. You know what I say? Hallelujah.' While we acknowledge the potential of HOOD 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.
The Hindu
4 days ago
- Business
- The Hindu
India endorses Trump-Putin summit in Alaska
The Ministry of External Affairs on Thursday (August 14, 2025) 'endorsed' the summit between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska, which could also decide the course of the tariffs the U.S. has imposed on India. Randhir Jaiswal, official spokesperson of the Ministry of External Affairs, said India stood ready to support peace efforts to end the conflict in Ukraine, and stated India-U.S. relations will move ahead based on 'mutual respect and shared interests'. 'We issued a statement welcoming the understanding between the United States and the Russian Federation for a meeting in Alaska on August 15. This meeting holds the promise of bringing to an end the ongoing conflict in Ukraine and opening up the prospects of peace, as Prime Minister Narendra Modi has said on several occasions that 'it is not an era of war'. India therefore endorses the upcoming summit and stands ready to support these efforts,' said Mr. Jaiswal, during the weekly press briefing. Mr. Trump had on August 5 accused India of fuelling the Russian 'war machine' by buying Russian crude. In an interview with CNBC TV, he connected his tariff policy with India's continued energy purchase from Russia that had increased despite western sanctions on Russia. 'They are buying Russian oil. They are fuelling the war machine and if they are going to do that, I am not going to be happy,' said Mr. Trump in a telephone interview with the TV channel after announcing 25% additional tariffs on India. The tariffs had drawn a strong response from India, with the MEA terming them 'extremely unfortunate'. 'We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India,' said Mr. Jaiswal on August 6, terming the additional tariffs as 'unfair, unjustified and unreasonable'. Sources here acknowledged the 'shake up' that was caused by the declaration of tariffs targeting India but expressed hope that this phase would pass. 'This partnership has weathered several transitions and challenges. We remain focused on the substantive agenda that our two countries have committed to and we hope that the relationship will continue to move forward based on mutual respect and shared interests,' said Mr. Jaiswal on Thursday (August 14, 2025). The burden of tariffs from the U.S. has coincided with positive strides in India-China relations, with Chinese Foreign Minister Wang Yi arriving in New Delhi next week for consultation ahead of Mr. Modi's visit to Tianjin to participate in the meeting of the Shanghai Cooperation Organisation (SCO). Officials, however, pointed out that India's outreach towards China was not linked with any negative trend in its relation with the U.S., with an official saying, 'India-U.S. and India-China relations are on two different tracks. We do not mix up the two.' Mr. Jaiswal also shared that India has been in talks with China 'to facilitate the resumption of border trade through all the designated trade points, namely Lipulekh pass in Uttarakhand, Shipki La pass in Himachal Pradesh, and Nathu La pass in Sikkim'.
Yahoo
31-07-2025
- Business
- Yahoo
RTX Corporation (RTX) Is Doing Better With Missiles, Says Jim Cramer
We recently published . RTX Corporation (NYSE:RTX) is one of the stocks Jim Cramer recently discussed. Defense contractor RTX Corporation (NYSE:RTX)'s shares have gained 34.7% year-to-date. The stock has gained despite a 9.8% dip in April after the firm announced a massive $850 million impact from tariffs. However, since the dip, the shares are up by 37%, with part of the gains attributed to a successful narrative shift by the firm, according to Cramer. The CNBC TV host believes RTX Corporation (NYSE:RTX)'s approach of initially outlining tariff damage and then reducing it, along with describing strategies to weather the storm, has worked well for the firm. This time, he discussed RTX Corporation (NYSE:RTX), the F-35 stealth fighter aircraft, and missile demand: 'Now you do have this F-35 program, and we can talk about that because we have RTX there. RTX seems to be doing better with that. Copyright: 36clicks / 123RF Stock Photo Previously, the CNBC TV host commented on RTX Corporation (NYSE:RTX)'s potential to benefit from European trade negotiations: 'And I think the EU may end up lining up with the President, cause he's the President and the next thing you know we have a deal and we're now providing missiles and RTX is a solid buy. And these big tech stocks will not be taxed. . .' While we acknowledge the potential of RTX 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.
Business Insider
29-04-2025
- Business
- Business Insider
LA port exec says cargoes are set to drop 35% starting next week as tariffs hit demand
Get ready to see emptier shelves in the coming few months. By next week, the Port of Los Angeles expects cargo volumes from Asia to plummet 35% compared to the same time last year as a result of tariffs. "It's a precipitous drop in volume, with a number of major American retailers stopping all shipments from China based on the tariffs," the port's executive director, Gene Seroka, told CNBC TV on Tuesday. Seroka said that imports from China make up around 45% of the seaport's business, though trade disruptions will likely have consequences that reach well beyond LA. Analysts have been warning that the mounting trade war between China and the US will send consumer costs spiraling higher, as companies either pass on tariff price hikes. The White House implemented aggressive tariffs on Beijing on April 2. Though President Donald Trump suggested that a resolution was nearing and that the administration is in talks with Beijing, there's no sign of a deal yet. Without a trade deal, Seroka said that business leaders are opting to increase shipping volumes from other Southeast Asian ports to get the lower 10% tariff rate applied broadly by Trump as a baseline for most imports. However, regional trade is likely to remain "very light at best" until the US and China can hammer out a deal. Cargo volumes rose 14% year-over-year in the first three months of 2025, as US companies tried to build up inventories ahead of the tariffs. That trend is now shifting dramatically, Seroka said and the lack of trade could soon show up in stores. "Realistically, what we're going to see next is that retailers have about five to seven weeks of full inventories left, and then the choices will lessen," he said. "I don't see a complete emptiness on store shelves or online when we're buying, but if you're out looking for a blue shirt, you might find 11 purple ones and one blue, and a size that's not yours." That blue shirt might also come with a price hike, he said. Some see a worse outcome, with Apollo's chief economist Torsten Slok warning of empty shelves and a summertime recession as tariffs impact trucking and retail industries.
