Ford on Monday reported a continued surge in monthly hybrid sales, the latest indication that its strategic shift from money-losing and demand-softening electric vehicles is paying off. Jim Cramer sees a window for investors to act. Shares of Ford were trading as much as 4% higher on Monday after a strong February sales report. The … Read more
Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. That’s what Ford CEO Jim Farley recently told Wall Street. He said he has a plan as one such EV maker looks to break into America. BYD â short for Build Your Dreams â could pose a threat to Ford and other … Read more
CNBC’s Jim Cramer said Thursday he believes Jensen Huang â the co-founder and CEO of leading artificial intelligence chipmaker Nvidia â is a bigger visionary than billionaire entrepreneur Elon Musk, whose panoply of companies includes Tesla , rocket maker SpaceX and brain-tech startup Neuralink. “I think that Musk can see around the corner, but I … Read more
Boeing : The aircraft maker changed leadership of its embattled 737 Max program. “Doesn’t matter. Boeing, the leadership from the top is the only leadership government cares about,” Jim Cramer said Thursday. Dow stock Boeing was down slightly. Etsy : Shares of the online marketplace for handmade goods dropped 8% on an earnings miss and … Read more
Ford CEO Jim Farley discussed a range of topics Thursday from hybrid and electric vehicles to how the automaker is dealing with international competitors. The remarks from a Wolfe Research investor conference left us feeling better about Ford’s future. Wall Street seemed to agree, pushing the Club stock up more than 2% in afternoon trading. … Read more
Expedia shares sank 19% on Friday after the company saw softness in air travel bookings and its CEO resigned. CNBC’s Jim Cramer said the magnitude of the stock decline may be an overreaction. While delivering an earnings-per-share beat and in-line revenue in the fourth quarter, bookings fell short, “largely driven by a reduction in average … Read more
United Parcel Service — The stock continued lower Wednesday, one day after falling more than 8% on a disappointing 2024 revenue outlook and an announcement of 12,000 layoffs . Jim said, “I don’t know if [CEO] Carol Tome can keep the job.” The fact is, he added, e-commerce is very strong and “she’s not participating … Read more
Clorox – The consumer products giant saw a huge earnings beat. It’s also rebounding from last year’s cyberattack. “Things are back online, and there’s tremendous demand for their product,” Jim said Friday’s Morning Meeting rapid fire. Tesla – The EV leader issued a recall for 2.2 million cars over a warning light issue. Remember, our … Read more
CNBC’s Jim Cramer said he’s never received more executive feedback on a “Mad Money” segment than he has for his Thursday night commentary in which he booted Tesla from the “Magnificent Seven” after the electric vehicle maker’s disappointing earnings report and 2024 outlook. “I’ve been doing a show for 19 years. … This was the … Read more
Ford ‘s plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it’s reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the … Read more
