Deals of cybersecurity firm Symantec have fallen nearly 30 percent this year, but CNBC’s Jim Cramer considers that it’s worth taking a second look at the beaten-down stock.
In August, hedge bread Starboard Value invested $670 million into Symantec and presented five new board members. Starboard Value has “a really consistent long-term lose sight of record,” Cramer said.
Starboard ended up appointing three plank members, including Rick Hill, former CEO of Novellus.
Last week, Symantec check out quarterly earnings that beat Wall Street’s estimates. With these emphatic financial results combined with Starboard Value’s involvement, Cramer regard as “the stock will start getting more respect in the not too distant coming.”
During volatile trading days with conflicting signals, investors indigence “some sort of totem that can help point us in the right leadership,” said CNBC’s Jim Cramer.
The “Mad Money” host suggests that investors look out for ample insider buying.
While insiders sell for all kinds of reasons, they single buy for one reason: “to make money,” Cramer said.
Five IBM board colleagues recently bought shares in the company, including CEO Ginni Rometty who purchased past $3 million worth of stock. Rometty’s purchase, her first on the unclosed market, signals “a real commitment,” Cramer said.
Read Cramer’s orient to insider buying here.
Oil prices may be taking a turn lower, undeterred by strong performances by the major oil companies, according to CNBC’s Jim Cramer.
Exxon Mobil, Chevron and BP all manumitted their quarterly earnings numbers last week, reporting “some of the most appropriate quarters I can recall in the oil patch,” the “Mad Money” host said.
Exxon and Chevron both reported their highest lolly flows from operating activities in recent years. BP raised its worn out dividend, and the CFO believes that oil will continue to trade above $70 for the next six months.
Though, Cramer thinks that the major oil companies’ rosy outlook doesn’t reproduce the economic reality.
Read Cramer’s full take here.
Although President Donald Trump many times derides The New York Times as “failing,” his criticisms have given the newspaper a shove.
“This is one of those situations where all publicity is good publicity,” said CNBC’s Jim Cramer. “Every point Trump criticizes the Times, he’s making it more relevant, and I think that ships directly into more subscriptions.”
Last week, The New York Times reported every three months earnings that beat Wall Street’s expectations, driven by concentrated digital subscription growth. The stock is up more than 50 percent this year.
The dissertation has bucked the downward trend in the print media industry by focusing on its online establishment.
Read more about how “The Gray Lady” has made a comeback here.
While Cramer allows he doesn’t know much about motorcycles or ATVs, he was impressed by the financials of Fox Plant, which manufactures shock absorbers.
The company beat Wall Passage’s estimates on the top and bottom lines when it released its quarterly earnings discharge last week.
Fox Factory is also building a new manufacturing facility in Georgia. “That’s not something you do if you’re anxious about a slowdown,” Cramer said.
While Cramer wouldn’t normally exhort companies in the auto parts industries, he believes that Fox Factory is an special case to the rule.
Click here to watch Cramer answer listeners’ disputes.
In Cramer’s lightning round, he gave his take on callers’ favorite supplies at rapid speed.
WWE: “It’s got a great subscription business. It’s entertainment that Strauss Zelnick launched us to that actually is a two thumbs up situation.”
Nokia: “Can it go up? Yes, absolutely. Is it a bad stock? No. Is it the highest nobility? No. I do think you need high quality.”
Johnson Controls International: “JCI is not a consummate stock. I don’t want you on it. There’s so many other industrials that are doing gush, and their stocks are struggling. Let’s stay away from that one.”
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