TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
Download on the App Store

TheStreet Live episodes

  • Closing Bell: Elon Musk's SolarCity Plummets; Stocks Rally
    Crude did a 180 from Monday's selloff to recapture a level above $44 a barrel. The rally on oil markets brought equities along with it. The S&P 500 and Nasdaq climbed for their third straight session. Elon Musk's SolarCity plummeted after issuing downbeat guidance for the current quarter. A dour outlook prompted a number of analysts to grow bearish on the solar company. Analysts at Credit Suisse and Avondale lowered their price targets. Monsanto has cut its forecast for 2016 U.S. plantings of its newly launched soybeans. The agricultural company said it has not yet received approval for the new genetically-modified strain from the European Union.
    2 min
  • Midday Report: Allergan Bumps Up Buybacks; Stocks Jump on Oil
    The Dow Jones Industrial Average enjoyed its best gains of May as crude oil enjoyed an unexpected surge above $44 a barrel. Crude has seen erratic swings in recent days as a global supply glut continued unabated. Allergan rose after announcing a new $10 billion stock repurchase program. The drugmaker intends to repurchase as much as $5 billion in stocks in the next six months. Shares also got a boost after first-quarter earnings beat estimates. Lumber Liquidators was under pressure as it continued to face the fallout from a product safety scandal last year. Dean Foods
    2 min
  • Opening Bell: Stocks Rise as Oil Gains Steam; Amazon’s Price Target Raised
    U.S. stocks rose on Tuesday as oil prices inched higher, as Canadian wildfires interrupted production. Meanwhile, Credit Suisse posted its second quarterly loss in a row, though this loss was less than expected. Revenue fell 30 percent to 4.64 billion Swiss francs. Sales in its trading unit fell 60 percent amid volatility in global markets. The company has cut 3,500 jobs this year. Plus, shares of Amazon surged after the analysts at Bernstein raised their price target on the stock to $1,000 from $770, amid strong margins in Amazon Web Services. The stock now trades near $670. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Closing Bell: UBS Downgrades L Brands on Same-Store Sales Woes
    Stocks ended mixed as a rally in consumer and health care countered the drag from the energy and materials sectors. Exxon Mobil and Chevron weighed on the Dow. Allergan led health care stocks higher after reporting positive results for a late-stage clinical trial for the treatment of uterine fibroids. JD.com fell after a disappointing first quarter. China's second largest e-commerce company reported a nearly 50% increase in quarterly sales, though that did come in slightly below forecasts. UBS analysts grew less bullish on L Brands as the owner of Victoria's Secret faces sluggish same-store sales for the full year. The firm downgraded its stock to NEUTRAL from BUY and lowered its 2016 sales growth estimate to 3% from 5%.
    2 min
  • Midday Report: Sotheby's Posts Steep Loss; Stocks in Flux
    Stocks were in flux as gains in the consumer space offset a selloff in energy. Krispy Kreme led consumer staples after agreeing to become privately-held in a $1.35 billion deal. Tyson Foods climbed after beating second-quarter estimates and boosting its full-year outlook. The meat processor said it saved $80 million in its recent quarter as the cost of chicken feed fell. Sotheby's had a rough quarter, reporting a steeper-than-expected loss. The auction house suffered a per-share loss nearly six times steeper than a year earlier, as net auction sales tumbled 35%. LendingClub tumbled after its CEO resigned following a board investigation into an improper loan sale.
    2 min
  • Canadian Wildfires Expand and Could Now Drag on Canada's GDP
    The Canadian Wildfires have expanded and now cover an area larger than New York City. Dry weather is expected, which would make the conditions worse. The wildfires and their impact on the oil sands region of Alberta could erase second quarter growth in Canada entirely. The Labor Department will issues it non-farm payroll report for April today. Economist forecast 200,000 new jobs last month and the unemployment rate to hold steady at 5%. The numbers could impact the Federal Reserve decision on monetary policy. The monthly reports could also begin to impact the November general elections. GoPro
    2 min
  • Closing Bell: King Boosts Activision's Quarter; Stocks Climb
    A disappointing jobs number in April made for choppy trading with investors weighing the increased chances of a later rate hike with signs of a weaker U.S. economy. Benchmark indexes ended the day modestly higher. Crude oil prices finished higher after another weekly decline in active oil rigs. U.S. rigs drilling for crude have fallen for the past seven weeks in a row. West Texas Intermediate ended at $44.66 a barrel. Herbalife (HLF) spiked as the company neared the end of a federal investigation into allegations it operates like a pyramid scheme. The company said the investigation was at an advanced stage, though there are a number of issues still present. Activision Blizzard (ATVI) bested quarterly estimates thanks to a sales boost from newly-acquired King Digital.
    2 min
  • Midday Report: DreamWorks Swings to Surprise Profit; Stocks Slump
    Stocks were near session lows as a disappointing snapshot of the labor market exacerbated worries over the U.S. economy. The Nasdaq fell into correction territory, down more than 10% from its 52-week high. DreamWorks swung to surprise profit in its recent quarter, while revenue jumped 14%. The better-than-expected quarter is a boon for NBCUniversal, a division of Comcast , which agreed to purchase the animation studio in late April. Yelp surged after topping quarterly estimates on its top- and bottom-line in its first quarter, though higher spending did cause another loss for its fifth straight quarter. The online reviews site also boosted full-year sales guidance. Jack Dorsey's Square plummeted
    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!