Investing

Jim Cramer’s head is spinning, and not from secondhand smoke. “The normalization of weed is happening so fast it makes my head spin,” the host of CNBC’s “Mad Money” said on Friday. “It’s not just that Canada and a host of states have outright legalized pot. It’s that marijuana’s gone mainstream.” Cramer’s epiphany came when
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Nike‘s controversial ad campaign with former San Francisco 49ers quarterback Colin Kaepernick has drawn a surge in Instagram followers and likes on Twitter and Facebook, which should translate into higher sales, according to one analyst. Nike added roughly 170,000 Instagram followers around the timing of the release of its ad campaign, Wedbush Securities analyst Christopher
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General Electric: “I think that GE is still a wait-and-see story, but it does seem to have bottomed. But it’s a wait-and-see story.” Gilead Sciences: “It’s real low. It’s real cheap. It’s got some decent drugs in the pipeline. I wouldn’t sell it here, but I do not have any reason to recommend the stock.”
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Drone maker AeroVironment, Inc. is making its way into what many see as the next frontier in connectivity: 5G. In a joint venture with tech-forward Japanese conglomerate SoftBank Corp., AeroVironment plans to “pursue the business of 5G and IoT” — the internet of things — “globally,” AeroVironment President and CEO Wahid Nawabi told CNBC on
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J.P. Morgan derivatives strategists recommended short term option bets on Masco, Carmax, C.H. Robinson, and Haliburton, based on their historic outperformance during post-hurricane rebuilding. Hurricane Florence is heading toward the coast of the Carolinas and is expected to dump high amounts of rain on the southeast U.S. when it makes landfall Friday. The bank said
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The resurrection in shares of Turtle Beach, a high-end headset maker whose products are popular with video gamers, stunned even CNBC’s Jim Cramer. “How do you go from $2 to $22 in nine months?” the “Mad Money” host wondered on Wednesday. “Simple: this rally is all about the rise of these insanely popular battle-royale games
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Millennials may be frequently blamed for destroying industries like brick-and-mortar retail, but their habits aren’t exactly bad for homebuilders like Toll Brothers, the luxury construction company’s CEO told CNBC on Tuesday. “We know they’re marrying later, so they’re buying homes later, but that also means they’re wealthier when they buy,” CEO Douglas Yearley told “Mad
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Rosenblatt Securities is getting more bullish on AMD shares because of the chipmaker’s opportunity for growth in the data center market. The firm raised its price target to $40 from $30 for shares of Advanced Micro Devices, citing its process manufacturing lead versus Nvidia. The new forecast represents 34 percent upside to Monday’s closing price
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Investors should buy CBS on the dip, because it is a very attractive acquisition target for companies outside of the television industry, B. Riley FBR managing director and analyst Barton Crockett told CNBC on Monday. “CBS is a huge brand; it’s the most watched network on TV. They also have Showtime, which is big and
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The best scenario is for Musk to stay at Tesla, but something has to change. It seems the core problem for Musk and Tesla is that he’s surrounded by people unwilling or unable to stand up to him, as can easily happen with powerful people. At worst, this appears to be true of his board.
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