TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Walmart Leads Consumer Staples Sector Higher
    Stocks were moving higher on Tuesday as investors looked toward the kickoff to the earnings season at the end of the week. The Dow and the S&P 500 were in the green while the Nasdaq was holding relatively flat. Walmart Stores Inc. , the world's largest retailer, was up by more than 4% after outlining its strategy before its annual meeting later today. Walmart kept its 2018 forecasts unchanged but guided for at least 3% sales growth in fiscal 2019. The company also authorized a new two-year $20 billion share buyback program. Shares of Pfizer Inc. were in focus on Tuesday after suggesting it was considering a sale or spinoff of its consumer healthcare unit. The business generated $3.4 billion in revenue in 2016. CEO Ian Read said in a statement that the consumer healthcare business is "distinct enough from our core business that there is potential for its value to be more fully realized outside the company." Honeywell International Inc. announced plans to create two new, stand-alone publicly traded companies as a result of comprehensive portfolio review. One publicly traded company will consist of Honeywell's Homes product portfolio and ADI global distribution businesses, worth about $4.5 billion. The other will be Honeywell's Transportation Systems, worth about $3 billion. The planned separation is expected to be completed by the end of 2018.
    2 min
  • Markets End Week on a Sour Note
    Markets fell across the board Friday. Watch More with TheStreet: Join Jim Cramer on Oct. 28 for a Special Investing Strategy Session! Millennials Are Buying More Small Appliances Than Baby Boomers Remembering AIM as AOL's Yellow Running Man Prepares for Retirement How Coach and Tyson Were Targeted by Activist Investors Armed With Just $2,000
    2 min
  • Closing Bell: Stocks Continue Strong Gains Ahead of Jobs Report
    Stocks finished confidently higher Thursday, holding on to session records set earlier to extend a winning streak that's lasted several trading days. The Dow Jones Industrial Average gained close to half a percent to finish its seventh-straight day in the green. The S&P 500 pushed up 0.5% as well, snagging its eight-straight daily gain. The Nasdaq was up as high as 0.7%, also on its eighth-straight day of gains. All three benchmark indexes touched fresh intraday records earlier Thursday. Thursday's gains were again largely driven by consumer staples, this time with Constellation Brands leading the pack. The alcoholic beverage maker posted a better-than-expected second quarter, notching earnings per share of $2.47 that blew away analyst estimates of $2.17 per share. Net sales came in heartier than expected, too. Strong beer sales offset weaker wine and spirit sales for the quarter. FedEx and UPS moved lower Thursday on reports Amazon AMZN is testing its own delivery service. Amazon's service, which is being called 'Seller Flex,' is being tested on the West Coast. It's supposed to make more Amazon items available for free two-day shipping and reduce overcrowding in company warehouses. While FedEx and UPS share suffered at the news, Amazon had hearty gains Thursday. Markets are looking ahead to the jobs report on Friday morning. The recent string of hurricanes is expected to hit the headline number, though this will likely be a short-lived burden. Economists surveyed by FactSet anticipate 80,000 jobs to have been added to the U.S. economy in September. That would be a sharp slowdown from the 156,000 jobs added in August. The jobs measure has not fallen below the 100,000 mark since March and has only been below that threshold four times in the past five years. Watch More with TheStreet: Amazon's Potential Delivery Service Not a Reason to Sell FedEx, UPS: Jim Cramer Mars Inc.'s Push to Get Wind in Your Candy
    3 min
  • Midday Update: Stocks Continue Gains On Track For New Records
    Stocks pushed confidently higher Thursday as the three benchmark indexes all secured new intraday records. The Dow Jones Industrial Average was pushing up close to 22,700 points with gains near 0.2%. The S&P 500 gained about 0.2%, while the Nasdaq surged near 0.3%. All three major indexes are on track to close at records yet again Thursday. If the momentum continues throughout the rest of the trading session, the Dow will snag its fourth consecutive record. The Nasdaq would grab a fifth consecutive record. And the S&P 500 would secure its sixth consecutive record, on track for its longest winning streak in two decades. L Brands shares were falling midday even after the Victoria's Secret parent company reported improving comp sales trends. Although September same-store-sales declined a whole 2%, that's half the rate of decline from August. Overall sales gained about 1.1%, but the company said hurricanes battered sales figures by a full percentage point. But even worse for sales was L Brands decision to exit the swim and apparel categories. That call hit same-store-sales by three percentage points. And finally, there's some bad news for Netflix bingers like me out there. If you subscribe to HD or 4K services, your wallet is about to get a little thinner. Netflix is increasing its HD prices to $11 per month, up from $10. And 4K streaming will soon cost $14 per month, up from $12. Those of you with a basic subscription plan will keep the $7.99 bill. But don't get too upset over the move. Netflix is hiking prices so it can fatten margins to pay for the smash hit original content we all love. Watch More with TheStreet: Jim Cramer Reveals What to Watch in Costco's Earnings Amazon Is Starting to Crush the Life Out of Everything 'I'd Like to Make Money in my Sleep' -- Ex-NBA Player Lamar Odom on Investing Everything You Need to Know About Getting Rich From Exchange Traded Funds
    2 min
  • S&P 500 Hits Records With Small Gains, Apple Loss Caps Dow's Gains
    Markets held close to the flatline mid-week with investors given little reason to buy in until the September jobs report out on Friday. Even so, the Dow Jones Industrial Average and S&P 500 did hit new intraday records with just small gains. Services activity rose at a faster pace than anticipated in September, according to the latest ISM non-manufacturing index. The measure reached its highest level since August 2005. Crude oil inventories saw a far steeper decline in the past week as operational refineries continued to work through the buildup caused by Hurricane Harvey. The drop was more than six times what analysts expected. Apple Inc. kept a cap on the Dow's gains. The world's largest company was under pressure on reports of issues with the rollout of its latest devices. Reports suggest several instances of the new iPhone 8 Plus bursting open, likely the result of a swelling battery. Watch More with TheStreet: A History of the Ford F-Series in 90 Seconds A Strong September Could Be Setting Up an October Pullback Ex-NY Yankees Trainer -- The Yankees Will Be 'Hard to Beat' President of Mars Wrigley Confectionery Talks Women and Engineering
    2 min
  • Dow, Nasdaq and S&P 500 All Hit Record Highs
    The Dow, the Nasdaq and the S&P 500 all hit a record high at the closing bell. Casino stocks were in focus for a second day following the mass shooting in Las Vegas on Sunday. The attack left 59 people dead and injured another 527 people after a gunman opened fire on a music festival from the 32nd floor of the Mandalay Bay Hotel and Casino. Shares of Mandalay Bay owner MGM Resorts International and Wynn Resorts finished higher. But Las Vegas Sands Corp. closed in the red on Tuesday. Meanwhile, gun stocks extended Monday's gains. Smith & Wesson parent American Outdoor Brands Corp. was up more than 2.5%. Sturm, Ruger & Co. also closed in the green. Shares of BlackBerry Ltd. fell after announcing it will move to the New York Stock Exchange from the Nasdaq. The tech company will begin trading on the NYSE on Oct. 16 under the new ticker BB. CEO John Chen said the "partnership with the NYSE will further raise the profile of our company and strengthen the value of our BlackBerry Secure brand." More of What's Trending on TheStreet: Blankfein on Bitcoin: 'Folks Were Skeptical When Paper Money Displaced Gold' Meet the High-Powered New Uber Directors Representing 'Team Travis' Struggling Tesla Now Faces a Whole New Challenge From the Chevy Bolt Should You Take Gun Stocks Out of Your 401(k)?
    2 min
  • Walmart Shares Jump Following Acquisition, Leading Dow Higher
    The Dow Jones Industrial Average moved higher by about 0.3%, led by Walmart Stores Inc., during midday trading on Tuesday, while both the Nasdaq and the S&P 500 were holding relatively flat. Walmart shares rose more than 1% after the world's largest retailer acquired small New York City-based company Parcel. The acquisition is a play to go head-to-head with Amazon.com Inc. in the same-day delivery market, first focusing on the New York City area. The U.S. automakers all reported better-than-expected sales in September. General Motors Co. shares jumped more than 2% after reporting an 11.9% increase year over year, beating analysts' estimates for a 7.9% jump. GM's strong performance was driven by year-over-year gains of 17% at Chevrolet and 9% at GMC. Former Equifax Inc. Chairman and CEO Richard Smith apologized to the American people during Congressional testimony today for a data breach that exposed the personal data of nearly half the U.S. population. In his testimony, Smith said he takes "full responsibility." He said the failure to implement a software patch in March and a failed scan of the software contributed to the company's vulnerability. Equifax said on Monday that 2.5 million more U.S. customers potentially were impacted by the data breach, bringing the total to 145.5 million. More of What's Trending on TheStreet: Equifax Hack: 'Like Fort Knox Guards Forgetting to Lock Vault,' Congressman Says What Would Really Happen If Peltz Wins His Procter & Gamble Boardroom Battle Tesla Shares Fall on Model 3 Production Shortfall, But Not Everyone Is Worried Should You Take Gun Stocks Out of Your 401(k)?
    2 min
  • Retailers Fall As Nordstrom Deal Comes Into Question
    Indices were building off the momentum from Friday's session. Watch More with TheStreet: 'Wolf of Wall Street' Jordan Belfort Reveals One Big Concern About Bitcoin iPhone 8 and Galaxy Note 8 Are Both Fragile, But One Is Much Easier to Break Kevin O'Leary's Mom Is the Brains Behind the Business Behind the Wheel of The New $84,995 Dodge Demon
    1 min
  • Tax Reform Carries the Day for Markets Wednesday
    Amazon unveiled a host of new products Wednesday, helping the stock close in the green Watch More with TheStreet: Here's the Secret That Has Always Brought Vast Riches to People: Tony Robbins NCAA 'Uses Kids to Make Billions' -- NY Giant Justin Pugh Video: Kawasaki's $55,000 Ninja H2R Is the Baddest, Meanest Motorcycle 5 Corporate Videos You Unfortunately Can't Un-See
    2 min

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