TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Stocks Drop on Report That Flynn Will Testify About Trump
    Stocks were lower following reports that retired Lt. Gen. Michael Flynn has promised "full cooperation" with the special counsel investigating Russian interference during the 2016 election. He pleaded guilty on Friday to charges of giving false statements to the FBI. Prior to the news about Lt. Gen. Flynn, stocks fluctuated as Senate Republicans made some progress in getting their tax bill over the finish line. The chances of the bill's passage looked more certain after prominent holdouts Sens. Steve Daines, Ron Johnson and John McCain voiced support for the legislation. Daines and Johnson became a "yes" vote after Senate leaders agreed to increase the deduction available for pass-through income. Ford Motor Co. stock was in focus after the automaker reported that sales in November were up 6.7% year over year. Ford's SUVs recorded their best November sales period in 17 years. Meanwhile, General Motors sales for the month of November fell 2.9%. Shares of Blue Apron Holdings Inc. were higher after naming its Chief Financial Officer Brad Dickerson as its new CEO, freeing up current CEO Matt Salzberg to step into the executive chairman role. The meal delivery kit service is now looking for a CFO.
    2 min
  • UnitedHealth Group Powers Dow Higher
    Stocks were mixed with the Dow moving higher while the Nasdaq and the S&P 500 were in the red. UnitedHealth Group Inc. led the Dow after a series of analysts' price target updates. Deutsche Bank kept a buy rating, but upped its price target to $224; Jefferies increased its target to $248; and, Raymond James boosted its price target to $250. Meanwhile, Autodesk Inc. was one of the worst performers on the S&P 500 and Nasdaq and dragged the rest of the tech sector lower. Shares of the software developer were sharply lower after announcing plans to restructure, including more than 1,000 layoffs. In a statement, the company said restructuring "seeks to streamline the organization and re-balance resources to better align with the company's priorities." Just hours after breaking through $10,000, the value of Bitcoin has exceeded $11,000 for the first time. The cryptocurrency breached $9,000 just two days ago. Watch More with TheStreet: What Matt Lauer Risked with His Alleged Behavior Jim Cramer on Chipotle's CEO Stepping Down The Trump Name is Disappearing From the Company's Landmark Buildings Side of Crazy with Your Coffee, Trump Tweets and Katy Perry with Buffet Edition Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Wall Street at Records as GOP Tax Bill Heads to Senate Vote
    Wall Street ended at records as the Senate GOP's tax bill cleared the Senate Budget Committee, moving it toward the floor for a vote later this week. Stocks also shrugged off the latest ballistic missile test from North Korea. Retailers weren't moving in any clear direction even after sales hit record levels on Cyber Monday. Revenues hit nearly $6.6 billion, according to an Adobe report, an all-time high and up almost 17% from a year earlier. Nike Inc. came off lows, though remained in the red through to the close. The footwear retailer sold off earlier after HSBC downgraded its rating to hold from buy based on valuation concerns. Merck & Co. Inc. climbed after upping its dividend and authorizing $10 billion dollars in share buybacks. The drugmaker raised its quarterly dividend to 48 cents a share, its first increase in 12 months. Watch More with TheStreet: 3 Ways the CFPD Has Worked to Protect Your Wallet Want to Make a Difference on Giving Tuesday? Consider These Charities These 3 College Students Saw Portfolio Gains of 427% in One Month 5 Times Elon Musk Was Absolute Magic on Twitter Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Stocks at Records as Powell Takes to Capitol Hill, Consumer Confidence Rises
    The Dow and S&P 500 traded at intraday records as Jerome Powell, President Donald Trump's pick for Fed chair, headed to Capitol Hill for his confirmation hearing. Markets don't expect a major departure from Fed Chair Janet Yellen's tightening path. In comments to Congress, Powell said he expects to shrink the balance sheet over the next three to four years. However, the sum should remain greater than before the financial crisis. The Fed began to unwind its balance sheet in October. Consumer confidence in November again strengthened, a surprise to analysts looking for a slight dip this month. Confidence has risen for five straight months and sits at its best level since November 2000. Emerson Electric Co. has withdrawn an unsolicited bid to purchase Rockwell Automation after the latter showed "continued unwillingness" to engage in deal talks. Emerson now plans to focus on share buybacks. Watch More with TheStreet : Video: Jim Cramer React's to Bitcoin's Surge 5 Times Elon Musk Was Absolute Magic on Twitter: Video Who Is Jerome Powell? Which Brands Have The Largest Positive Impact on Communities? Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter .
    2 min
  • Nasdaq Is the Lone Winner on a Grey Day of Trading
    The major U.S. averages struggled all day Wednesday, but the Nasdaq was able to reverse its earlier losses to close trading up 0.07%. The Dow and S&P closed the day off their session lows, but in the red anyway. Shares of Deere and Co touched record-high territory Thursday following the company's strong fourth-quarter earnings beat. Deere reported earnings of $1.57 per share, a full dime better than analysts were expecting for the period. Revenue rose 23% in the period to over $8 billion. The company also forecast first-quarter equipment sales will jump 38% year over year as demand in South America climbs.Deere shares closed trading up more than 4% Amazon was another security that flirted with a record high close Wednesday in spite of the fact that there was no concrete news to precipitate the move. Amazon shares closed trading up 1.46% while the stock has gained more than 60% year to date. HP Enterprise investors are mourning the departure of CEO Meg Whitman by selling shares in the company, dropping the stock more than 9% in the process. The CEO announced that she will step down in February next year after joining the company in 2011. Whitman will be replaced by company president Antonio Neri.
    2 min
  • Tech Leads Nasdaq to New High
    The major U.S. averages were waffling ahead of the turkey day break with the Dow and S&P 500 spending time in both negative and positive territory this session. The Nasdaq meanwhile touched record high territory, driven by strength in the tech sector. Shares of Deere and Co were up 4% following the company's strong fourth-quarter earnings beat. Deere reported earnings of $1.57 per share, a full dime better than analysts were expecting for the period. Revenue rose 23% in the period to over $8 billion. The company also forecast first-quarter equipment sales will jump 38% year over year as demand in South America climbs. HP Enterprise investors are mourning the departure of CEO Meg Whitman by selling shares in the company, dropping the stock more than 9% in the process. The CEO announced that she will step down in February next year after joining the company in 2011. Whitman will be replaced by company president Antonio Neri. Watch More with TheStreet: Even With Amazon, Online Shopping Is Still Small Compared to Brick-and-Mortar What to Watch If You Want to Profit Off of Zimbabwe's Coup Flashback: Meg Whitman Tells Grads to Step Outside of Their "Intellectual Silos" What Walmart's CEO Thinks About Tax Reform
    2 min
  • Closing Bell: Stocks Finish Tuesday Strong as Tech, Healthcare Take the Lead
    After opening higher, stocks continued a markedly strong day to close out Tuesday trading securely in the green. While most sectors except telecom gained Tuesday, tech was the obvious standout. The tech SPDR ETF pushed higher over 1% in earlier trading. Hardware and semiconductor names enjoyed the most pronounced gains. Dow components Apple and Microsoft led the blue-chip index Tuesday. All but a handful of the Dow's names were in the green by the market close. Joining strong tech gains was the healthcare sector, which surged on stellar earnings from Medtronic . The medical equipment company posted earnings of $1.07 per share for its fiscal second quarter on Tuesday, topping analyst expectations by eight cents. Medtronic tallied sales of $7.05 billion in the quarter, which also bested Wall Street's forecast. Watch More with TheStreet: Why Walmart Has Placed Orders for Tesla Semi Trucks Black Friday Already Started: Here's How to Take Advantage of the Best Deals Video: Jim Cramer on Deutsche Bank's $15 Price Target on General Electric Forget Bitcoin: Check Out 5 of the Weirdest Cryptocurrencies Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Stocks Pop But Don't Reach New Records
    Stocks rose as Wall Street looked to rebound from two straight weeks of losses. The Dow, the Nasdaq and the S&P 500 all finished higher on Monday. Walmart Stores Inc. stock was slightly higher even though Goldman Sachs downgraded its rating on the stock to "Neutral" from "Buy." Analyst Matthew Fassler expressed concerns about the retailer's valuation since shares of Walmart have jumped nearly 40% year-to-date. He noted that Walmart's "progress in growing earnings while investing in its business has been recognized by the market." The firm set a $100 price target on the stock. Shares of Amazon.com Inc. fell despite Nomura increasing its price target to $1,360 from $1,000, while also reiterating its Buy rating. The firm thinks Amazon's shift to higher margin products will drive its business. Nomura estimates Amazon's growing margin can potentially rise to 45%-46% by 2022 from an estimated 35% this year, allowing for up to $160 billion of incremental investment spending. TransCanada Corp. shares rose more than 1% after the Nebraska Public Service Commission approved the company's controversial Keystone XL pipeline plans. The commission voted 3-2 in favor of allowing the pipeline's construction to continue but voted against TransCanada's preferred route. The group instead passed the "Alternative Mainline Route," which will affect roughly 40 landowners. Watch More with TheStreet: Here's How to Keep Your Budget Afloat During the Holiday Season You Have Nothing to Fear About Investing In the Stock Market: Tony Robbins Apple's Delayed HomePods Are Part of a Much Bigger Play on Digital Music 5 Things You Shouldn't Buy on Black Friday Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Stocks Higher on Deal News
    Stocks rose to start the shortened trading week, with the Dow, the Nasdaq and the S&P 500 all in the green. Shares of Alibaba Group Holding Ltd. rose after the company agreed to acquire a major stake in China's largest supermarket operator, Sun Art Retail Group. The move is part of the Chinese e-commerce giant push into bricks-and-mortar retailing. Alibaba will pay about $2.9 billion for a 36% stake in Sun Art Retail. Chipmaker Marvell Technology Group Ltd. shares jumped after it agreed to buy rival Cavium Inc. for about $6 billion. Under the terms of the agreement, Marvell will pay Cavium shareholders $40.00 in cash and about 2 Marvell common shares for each share of Cavium common stock, Marvell announced early Monday. The transaction is expected to close in mid-2018. Bitcoin has reached a new record. The cryptocurrency rose above $8,000 on Sunday and is now trading above $8,200 dollars. Watch More with TheStreet: Here Is What to Expect From Brexit Negotiations on Monday Why Racing Legend Mario Andretti Isn't a Fan of Autonomous Cars Walmart Bears Are The Dumbest Thing on Wall Street What Are The New Holiday Price Drops At Whole Foods? Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Retailers Rally But Indexes Close Lower
    Stocks were mostly lower with the Dow, the Nasdaq and the S&P 500 all closing in the red. Many retailers, however, rallied today. Shares of Foot Locker Inc. rocketed some 28% higher on Friday after posting a top- and bottom-line beat for the third quarter. Adjusted earnings of 87 cents a share beat estimates by seven cents. Revenue of $1.87 billion exceeded expectations of $1.83 billion. But Williams-Sonoma Inc. was shut out of retail gains after reporting a narrow earnings miss. The homewares retailer earned 84 cents a share, which was a penny below consensus. Hurricanes Harvey and Maria cut down earnings-per-share by two cents. Revenue increased 4.3% to $1.3 billion, which was slightly above estimates. Separately, the company said it had agreed to purchase 3D-image software company Outward Inc. for $112 million in cash. The tech company develops augmented-reality software for home d
    2 min

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