TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
Download on the App Store

TheStreet Live episodes

  • Closing Bell: Vivendi Ups Ubisoft Stake; Crude Posts Weekly Loss
    Stocks ended the week in the red, amassing more losses for the fourth session since Monday. The tech sector was the main culprit, dragged lower by a selloff in Apple shares. The looming 'Brexit' vote next week also spooked investors. Crude oil closed Friday with a weekly loss of just over 2%. An earlier rally pared gains in the late afternoon after the number of active oil rigs in the U.S. rose for their third straight week. French media company Vivendi has upped its stake in Ubisoft entertainment to just over 20%. The company said it would not make a play to take control of the videogame developer for the next six months. GoPro spiked after JPMorgan said sales showed improvement. Analysts said increased marketing and a streamlining of its product portfolio helped to boost sales.
    2 min
  • Midday Report: HSBC Settles Subprime Lawsuit; U.S. Stocks Slide
    Stocks extended their decline, pulling markets further into the red for the week. Apple dragged tech lower after Beijing ordered sales of its iPhone 6 to stop, citing patent infringement. Infoblox announced plans to lay off 12% of its workers as part of a cost-cutting plan. The network-software company will likely incur $6.5 million in restructuring charges. Lumber Liquidators roared higher after U.S. regulators ended their investigation into its flooring products containing formaldehyde. Officials did not issue a recall, but ordered a number of safety measures, many of which the company has already implemented. HSBC has agreed to pay a $1.6 billion fine to settle a subprime lending lawsuit.
    2 min
  • Opening Bell: Stocks Slip on Brexit Worries; Apple Suspends iPhone 6 Sales in China
    U.S. stocks slipped on Friday, as investors gear up for a potentially market moving Brexit vote next week. Those fears overshadowed the rise in oil prices, which snapped a six-session losing streak. Viacom shares fell amid news that chairman Sumner Redstone ousted Viacom CEO Phillipe Dauman from the board. The media giant also reported weaker than expected fiscal third quarter earnings of $1 to $1.05 a share, missing estimates of $1.38. Finally, the Chinese government has ordered the suspension of sales of the Apple iPhone 6 and 6 Plus smartphones, saying the device violates a patent from another China-based phone maker. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Closing Bell: Viacom Board Shakeup; Stocks Stage Late Recovery
    Stocks snapped a five-session losing streak in a surprise late-stage comeback. After steady losses over the past week, investors felt recent threats such as a possible Brexit may have been priced in. A Brexit would still have far-reaching consequences, though, among them a steep drop in the London Stock Exchange's FTSE 100. Morgan Stanley gives a Brexit a 55% chance and said the FTSE could drop 16% if it comes to pass. Viacom spiked on reports Sumner Redstone's National Amusements has sacked five directors, including CEO Phillipe Dauman from the board. Redstone's privately-held company is a controlling shareholder of the media conglomerate.
    2 min
  • Midday Report: Apple Supplier Jabil Circuit Disappoints; Stocks Down
    Stocks declined on a multitude of worries from a possible Brexit to crude oil returning to below $47 a barrel. A less-hawkish Federal Reserve also raised worries over the health of the U.S. economy. Homebuilder sentiment in the U.S. improved in May, another sign of a robust housing sector. The National Association of Home Builders' index increased after four months remaining unchanged. Homebuilders were most optimistic about the six-month outlook. Chipmaker Cavium fell after agreeing to buy network equipment maker QLogic in an effort to diversify from the competitive semiconductor market. Apple supplier Jabil Circuit issued weak guidance for its fiscal fourth quarter and full year.
    2 min
  • Opening Bell: Stocks Slip on Bank of Japan Inaction; Rite Aid Posts Earnings Miss
    U.S. stocks dropped on Thursday, following the Bank of Japan's decision not to add more stimulus measures, despite a strengthening yen. Meanwhile, the May consumer price index rose 0.3 percent month-over-month, beating estimates of 0.2 percent. Year-over-year, the inflation gauge is up one percent, far from the Federal Reserve's two percent target. Plus, weekly jobless claims rose by 13,000 to 277,000 over the past week. Rite Aid shares fell after reporting first quarter earnings and revenue that missed analysts' estimates, though revenue rose 23 percent year-over-year. Same store sales gained 0.4 percent. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Closing Report: FireEye Spikes on Takeover Talk; U.S. Stocks Lose Gains
    An unsurprising Fed meeting helped stocks retain gains up until a sudden reversal just a half hour before the end of the session. The central bank opted to leave rates unchanged in June as Wall Street expected. Fed Chair Janet Yellen expressed confidence in the U.S. economy, reiterating her belief in growth at a moderate pace. Yellen noted first-quarter weakness appeared temporary and that the Fed would stick to its plan to gradually increase rates. FireEye spiked on reports it had received and rejected a number of takeover offers from the likes of Cisco and IBM . Shares climbed earlier in the week after Symantec bought fellow security tech developer Blue Coat. Macy's workers at New York City locations could go on strike if a labor agreement is not struck by midnight. A strike would be the first for Macy's in NYC in more than four decades.
    2 min
  • Midday Report: Crude Recovers After Stockpile Decline; Stocks Rise
    Stocks held onto slight gains, snapping a four-session losing streak. That could all change by this afternoon, though, depending on what the Fed says after its meeting. Fresh forecasts will be released, including the closely-watching dot plot matrix. Crude oil recovered from earlier lows after a decline in U.S. inventories over the past week. Stockpiles fell by 900,000 barrels according to the EIA. However, the decline wasn't as steep as expected. Cisco was downgraded to NEUTRAL from BUY at Goldman Sachs. Analysts said the networking tech company lacks near-term catalysts. Procter & Gamble was rated a new buy at Jefferies. The firm said Procter can return to 3%-plus organic sales growth in the coming years.
    2 min
  • Opening Bell: Stocks Gain Steam Ahead of Federal Reserve Statement
    U.S. stocks opened higher on Wednesday, as investors awaited the Federal Reserve's June policy statement. Most market participants don't expect the central bank to announce a rate hike. Investors will be laser focused on the Fed's messaging in terms of the pace of rate increases going forward. Best Buy shares fell after Credit Suisse analysts downgraded the stock to neutral from outperform amid expectations of lower sales for the rest of 2016. Panera Bread is ridding its grocery products, called Panera at Home, of artificial sweeteners and preservatives. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Opening Bell: Stocks Slip as Global Bonds Rally; U.S. Retail Sales Rise in May
    U.S. stocks slipped on Tuesday, as investors moved into safe-haven assets, pushing the 10-Year German bund yield into negative territory for the first time ever. Meanwhile, U.S. May retail sales rose 0.5 percent during the month, beating estimates of 0.3 percent. Core retail sales, stripping out volatile auto and gasoline sales, gained 0.3 percent, matching forecasts. Baidu fell 4 percent after trimming its revenue forecasts for the second quarter following lower medical advertising sales. The China-based Web services company expects revenue of 18.1 billion yuan to 18.2 billion yuan, down from a previously reported 20.1 billion. TheStreet's Scott Gamm reports from Wall Street.
    2 min

About TheStreet Live

From the publisher's feed

TheStreet helps you find your bull market! Great insight from our reporters and editors to help you navigate today's markets!