Cramer: ‘I’m sick of Tiffany’

Tiffany’s earnings miss has CNBC’s Jim Cramer fed up. “I’m sick of Tiffany. I went over their last two releases. What is it with these guys? It’s just incredible what they’ve been predicting,” Cramer said Tuesday on “Squawk on the Street.” The luxury goods retailer posted earnings per share of 70 cents, missing estimates by 5 cents, with revenues also ... Read More »

Icahn reports 7.1% stake in Xerox, calls shares undervalued

Xerox shares turned lower Tuesday, a day after activist investor Carl Icahn disclosed a new 7.1 percent stake in what he called an “undervalued” company. Xerox stock had risen more than 7 percent in after-hours trading Monday. The stock has fallen 23 percent this year. In trading Tuesday morning, it was down 2.7 percent. Earlier Monday, Icahn said in a ... Read More »

Dollar may give US manufacturers good news: CIO

  The days of the dollar’s big drag on U.S. exporters and manufacturers may finally be over, Bessemer Trust’s Rebecca Patterson said Tuesday. To be sure, Bessemer is still positioned for continued dollar strength ahead of an anticipated interest rate hike by the Federal Reserve. But Bessemer’s chief investment officer said the odds of an “extraordinary” runup in the dollar ... Read More »

Top trader Najarian: An oil stock ready to rally

Workers stand next to water service tanks at an Anadarko Petroleum hydraulic fracking site near Dacono, Colorado. In hopes of keeping his market-beating performance going this year, Jon Najarian bought shares of Anadarko Petroleum for his “Halftime Report” model portfolio, after spotting unusual options activity. Shares of the oil and gas exploration company are down by more than 30 percent ... Read More »

Early movers: TIF, HRL, DSW, PMCS, CPB, DLTR, AVP, PANW, XRX & more

Tiffany — The luxury goods retailer missed estimates by 5 cents with quarterly profit of 70 cents per share, with revenue missing by a wide margin as well. Same-store sales increased less than expected, and its full-year profit outlook is also below Street forecasts. Tiffany said a strong dollar is hurting its results, among other factors. Hormel Foods — Hormel ... Read More »

Cramer: Amazon should run the stock market

On a day like Friday when the averages were hammered, Jim Cramer thinks the stock market should be run like Amazon. It would make a heck of a lot more sense to him and do a better job than whatever brought stocks down Friday. Right now the market seems automated to Cramer, anyways. Every time the price of crude oil ... Read More »

Darst: The markets lack confidence

The Federal Reserve’s decision to raise interest rates on Wednesday led to a market relief rally, but now all eyes are on the markets as oil continues to plunge well after OPEC’s decision to keep its output levels. U.S. stocks traded at session lows on Friday with the Dow closing more than 350 points under. “The world is swimming in ... Read More »

The new funk on Wall Street: Why stocks are down today

Why is the stock market lower today? The Street has talked itself into a new funk. The basic theme is: lower for longer. This theme is familiar to those watching oil, but this time the theme is broader. Lower for longer not just in oil, but natural gas. Lower for longer in steel & copper & aluminum and other base ... Read More »

Ackman raises stake in Valeant to 9.9% from 5.7%

Pershing Square Capital Management, the hedge fund led by Bill Ackman, revealed Monday that it had boosted its stake in Valeant Pharmaceuticals. Pershing Square raised its holdings by 14,644,618 shares to 34,118,551 — meaning a total stake of about 9.9 percent from 5.68 percent. Pershing was already one of the largest holders of Valeant stock. Christinne Muschi | Reuters The ... Read More »

Cramer: The psychology of why FANG is so valuable

Jim Cramer thinks the economy psychology behind the massive runs in FANG — his acronym for Facebook, Amazon, Netflix and Google, now Alphabet — should become a case study in how stocks don’t divorce themselves from fundamentals, but they develop scarcity value. “These high-flying stocks become something akin to modern art or professional sports teams, valuations that, while they can’t ... Read More »