TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Dow, S&P and Nasdaq Creep to Records on Election Anniversary
    All benchmark indexes ended at records exactly a year after Donald Trump secured an electoral college win that swept him into the Oval Office. Since then, the Dow Jones Industrial Average has risen around 30%. Time Warner Inc. tumbled on reports the Department of Justice is pressuring a sale of CNN before a deal to be bought by AT&T Inc. receives approval. However, AT&T CEO has said he has no intention of selling the cable news network. Apple Inc. today became the first publicly-traded U.S. company to surpass a $900 billion market cap. The iPhone maker has surged around 52% since the beginning of the year. Zynga Inc. shares shot higher after beating analysts' estimates for its 11th straight quarter. The mobile game developer also announced plans to acquire card game company Peak Games. Watch More with TheStreet: Here Is How Millennials Can Get Rich From Exchange Traded Funds How the Stock Market Has Done Under Trump Is Surprising: Michael Lewis Your Snapchat App Could Be About to Look a Lot Different A Year Into the Presidency, Trump's Golf Empire Is Far From a Hole-in-One Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Stocks Waver in Wait for Clarity on Senate GOP Tax Cut Plans, Crude Falls
    Stocks fluctuated between small gains and losses in directionless morning trade. Investors appear hesitant to commit one way or another until they get more clarity on the Senate GOP's tax cut plan out toward the end of the week. Crude oil prices were lower after a surprise increase in domestic inventories. The Energy Information Administration reported a 2.2 million-barrel build in stockpiles in the week ended November 3. Analysts expected a comparable decrease. Fossil Group Inc. slumped after forecasting a wider full-year loss than expected. The accessories brand also swung to a loss over its third quarter while sales dropped by nearly 7%. Take-Two Interactive Software Inc. rallied on solid guidance for holiday sales, a departure from downbeat forecasts from competitors Activision Blizzard Inc. and Electronic Arts Inc. . The video game developer also increased its full-year revenue forecasts on strength in its Grand Theft Auto franchise. Watch More with TheStreet: Your Snapchat App Could Be About to Look a Lot Different Tweeter-in-Chief Donald Trump's Most Memorable Market Moving Tweets Put Denim in Your Walls and Get Healthy How the Stock Market Has Done Under Trump Is Surprising: Michael Lewis Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Dow Clings to Gains to Close at Record, Nasdaq and S&P Close Lower
    The Dow held on to late gains to close at a record high on Tuesday, but the Nasdaq and the S&P 500 finished in the red. The Dow gained 0.04%, while the S&P 500 declined 0.05%, and the Nasdaq fell about 0.3%. Amazon.com Inc.'s venture into home furnishing caused its competitors' stock to tumble. Wayfair Inc. shares fell about 5%, while Restoration Hardware shares were down more than 3% after Amazon introduced its Rivet and premium Stone & Beam brands. Shares of Automatic Data Processing Inc. were higher after billionaire activist Bill Ackman lost his bid to shake up the board and massively restructure the company. Ackman had been seeking a minority slate of three seats on ADP's board, including one for himself. However, ADP shareholders voted to re-elect all of the payroll company's directors. According to ADP, Ackman and his two other candidates received support from holders of less than 25% of the company's outstanding shares. Blue Apron Holdings Inc. shares tanked after CEO Matt Salzberg said the company's new fulfillment center in Linden, NJ has been a drag on the company's bottom line. Shares have fallen nearly 70% since the company went public on June 29.
    2 min
  • Indexes Lose Momentum as Stocks Come Under Pressure
    The Dow and the S&P 500 were holding relatively flat while the Nasdaq was in the red, despite all the indexes moving higher earlier in the day, even hitting intraday records. The Priceline Group Inc. was one of the worst performers on the Nasdaq on Tuesday after disappointing fourth-quarter guidance sent its shares tumbling. The company anticipates fourth-quarter adjusted earnings of $13.40 to $14 a share, below analysts' estimates of $15.57 a share. For the third quarter, Priceline earned an adjusted $35.22 a share, above estimates of $34.26. Disney shares continued to rise on reports that the house of mouse was interested in acquiring assets of Twenty-First Century Fox Inc. . It isn't certain that a deal could come from discussions held in recent weeks. Reports of negotiations broke on Monday, sending both companies sharply higher. Disney is also scheduled to report its quarterly results on Thursday. Analysts are anticipating a solid fourth-quarter performance with net income rising to $1.15 a share over the three months to September, higher than $1.10 a year earlier. Sales are expected to come in on the weak side with revenue growth of just 1.2% to $13.3 billion, according to FactSet numbers. Shares of Weight Watchers International Inc. soared higher after a better-than-expected third quarter. Net income rose to 65 cents a share from 53 cents a year earlier. Analysts expected profit of 51 cents a share. Revenue of $323.7 million beat estimates of $316 million. Watch More with TheStreet: What You Need to Know About Today's Major Elections Ex-NYC Deputy Mayor Doctoroff Applauds de Blasio's Affordable Housing Efforts 5 Financial Stocks That Have Soared Since the Presidential Election Here's Why Carly Fiorina Isn't Running for a U.S. Senate Seat in Virginia Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Tech Merger Chatter Leads Nasdaq Higher
    The major indices closed in the green Monday with merger talks dominating the headlines during the afternoon session. The Nasdaq was the biggest winner today, closing at an all-time record high as tech tie-ups pushed the index higher. 21st Century Fox shares halted trading temporarily Monday as the stock shot up after CNBC reported that Disney held talks with the company to purchase most of its assets. The talks are not ongoing, however, according to reports. Sources told CNBC that Fox is tepid about the scalability of media in the current climate. Merger Monday was in full swing in the tech sector after Broadcom made an unsolicited $105 billion bid for rival Qualcomm . With debt considerations included the deal could be worth as much as $130 billion, making it the largest acquisition in technology history. Qualcomm shares rose more than 1% on over six times the stocks normal volume in trading Monday.
    2 min
  • Closing Bell: Stocks Finish Strong as Jobs Report, Earnings Offer Boost
    Stocks finished the trading week higher after wobbling into the red earlier as earnings season lifted some and weighed on others. The Dow Jones Industrial Average was close to flat. The S&P 500 gained about 0.2%, and the Nasdaq pushed confidently higher by about 0.6%. Shares of both Qualcomm and Broadcom jumped in late trading Friday after reports surfaced that a takeover could be in the works. According to people familiar with the matter, Broadcom is considering a $100 billion acquisition of Qualcomm, with $70 per share in cash and stock. If a deal were to come to fruition, it would be the biggest chipmaker takeover ever. This morning's jobs report showed the economy rebounded some during October. Although investors appeared to be pleased overall with the 261,000 jobs added last month, wage growth remained stubbornly low. Hourly pay rose just 2.4% from last year, which was weaker than expected. The wage growth conundrum has bred concern at the Fed. While employment growth was a little lackluster, the market is still confident in a December rate hike. Fed funds futures price in a nearly 97% likelihood of a 25-basis point increase next month. Nearly 80% of S&P 500 companies have reported third quarter earnings. The blended growth rate now stands at 5.9%, which is lower than the first half of this year but a healthy increase over last year. More than 74% of companies have beat analyst expectations reporting their financials. On average, those earnings beats come in around 5% above what was first expected. Broadcom is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells AVGO? Learn more now. Watch More with TheStreet: How Long Would You Wait In Line For An iPhone X? Warren Buffett Isn't Your Run-of-the-Mill Mega-Rich Investor Shark Tank Star Kevin O'Leary Reveals His Investing Playbook Five Things to Know About the 2017 NYC Marathon Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Midday Update: Stocks Mixed as Wall Street Digests October Jobs Report
    Stocks were mixed at midday as investors digested the October jobs report released Friday morning. The Dow Jones Industrial Average was slightly lower by about 10 points. The S&P 500 was also close to flat, and the Nasdaq was the only one of the three benchmark indexes to push higher at midday. The U.S. economy added 261,000 jobs in October, which served as a rebound from September but fell short of analyst expectations for the month. Experts had expected the U.S. would add 308,000 jobs in October with unemployment steady at 4.2%. The unemployment rate fell to 4.1%, its lowest since December 2000. In September, the jobs figure shrank for the first time in seven years, following economic setbacks at the hands of a spat of hurricanes that battered the Southeast. Apple Inc. is at it again. Shares pushed higher in midday trading after the tech titan reported blowout fiscal fourth quarter earnings late Thursday. In addition to smashing analyst expectations, Apple raised guidance for the rest of the year. The company is bullish heading into the end of 2017, and CEO Tim Cook said this is going to be Apple's best holiday season yet. Shares of Pandora were way out of tune Friday, toppling over 20% by midday. The company offered dismal third quarter revenue that came in below estimates. Net losses for the music streamer widened to 34 cents per share from 27 cents per share a year earlier. Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells AAPL? Learn more now. Watch More with TheStreet: Shark Tank Star Kevin O'Leary Reveals Why Tesla Shares Could Sink Is Amazon Fresh Stopping Service to Your Zip Code? Check Out These Insane Cryptocurrency Mining Rigs on Instagram Trading Strategies: Here's How to Keep Your Portfolio Thankful in November Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • Dow at Record After Trump Names Jerome Powell as Fed Chair
    The Dow Jones Industrial Average shored up gains to end at a record this afternoon as President Trump played it safe with his Fed chair nominee. Trump's pick Jerome Powell is expected to keep the slow and steady pace of rate hikes of his predecessor. Broadcom Ltd. fell after it said it would relocate its headquarters from Singapore to the U.S., an announcement tied with the GOP's tax bill released today. The chipmaker will move to Delaware if shareholders approve. Newell Brands slumped after falling short on its top- and bottom-line and guiding for a below-consensus full year. The Paper Mate parent reported a 7% drop in quarterly sales. Victoria's Secret owner L Brands Inc. rallied after posting solid sales growth over October. The retailer reported a 2% increase in same-store sales over that month. The company also guided for third-quarter earnings at the high-end of its previous guidance. Watch More with TheStreet: Here Is What to Expect From Friday's Jobs Report Here Is How Millennials Can Get Rich Off of Exchange Traded Funds Shark Tank Star Kevin O'Leary Says Tesla Shares Could Sink 70% 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
  • U.S. Indexes Finish Mixed After Reaching Intraday Records
    The major U.S. indexes finished mixed on Wednesday, despite all three hitting intraday records earlier in the day. The Dow and the S&P 500 closed in the green, but the Nasdaq finished in the red. Groupon Inc. shares surged 7% after narrowly beating third-quarter profit estimates, but falling short on sales. Earnings of a penny a share came in higher than expectations for breakeven. Revenue decreased by 7.6% to $634.5 million, missing by $8.5 million. Shares of Ford Motor Co. rose after the automaker posted an increase in vehicle sales for the month of October. Total sales in the U.S. increased by 6.2%, largely driven by an increase in truck sales. The automaker's F-series truck saw sales rise by 15.9%. General Electric Co. shares were in focus on Wednesday following a bearish note from JPMorgan, the second in just weeks. Analyst Stephen Tusa cut his December 2018 price target to $17 and maintained an underweight rating. For fiscal 2018, Tusa expects GE earnings of $1.05 to $1.15 a share. Watch More with TheStreet: What Jim Cramer Expects From Apple, Alibaba and Starbucks' Earnings Remembering the Worst Products Apple Ever Made 5 Times Elon Musk Was Absolute Magic on Twitter Starbucks Unveils Holiday Cups Ahead of Earnings That May Need a Dose of Cheer Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
    2 min
  • U.S. Steel Powers Materials Rally
    The Nasdaq has come off its highs, though it is still on track for a record close; meanwhile, the Dow and S&P 500 are holding close to intraday records set earlier in the day. Materials stocks are leading the markets after United States Steel Corp. posted solid quarterly results. The steelmaker earned 92 cents a share, 22 cents above estimates. Revenue surged 21% to $3.25 billion, beating targets by $190 million. For fiscal 2017, the company anticipates adjusted net income of $1.70 a share, higher than consensus of $1.63. Allergan plc shares were higher after reporting a better-than-expected third quarter and increased full-year guidance. Adjusted earnings of $4.15 a share came in above consensus of $4.04. However, revenue of $4.034 billion fell just shy of estimates of $4.037 billion. Allergan revised its full-year adjusted profit guidance to $16.15 to $16.45 a share, up from $16.05 a share on the low-end of previous forecasts. Shares of Facebook Inc. were higher ahead of its third-quarter earnings report. For the quarter, analysts are expecting earnings of $1.54 on revenue of $9.84 billion. Investors will also be watching ad sales growth and the number of daily active users. Facebook and Allergan are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stocks? Learn more now. Watch More with TheStreet: Here Is Jim Cramer's Market Outlook for November Tag Along on Some of GoPro's Biggest Adventures Jim Cramer Reveals His Choice for Federal Reserve Chair 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.
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