Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 fell from its record high Tuesday as a Wall Street Journal story on OpenAI's business performance weighed on the artificial intelligence complex. Jim said the pullback Tuesday in red-hot AI stocks is exactly why he pushes investors t...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 fell from its record high Tuesday as a Wall Street Journal story on OpenAI's business performance weighed on the artificial intelligence complex. Jim said the pullback Tuesday in red-hot AI stocks is exactly why he pushes investors to take profits in names that have seen parabolic moves. That makes them susceptible to being dragged down by things like The Journal's report. "The essence of good investing is to not keep a parabola without taking advantage of it," Jim said. For example, last week we trimmed Broadcom again after a big move, and we also lightened up on Qnity Electronics . Now, Jim said the pullback is an opportunity for investors who recently trimmed big winners. "You have a chance. If you sold in the parabola, you can go back if you want to and you can buy back," Jim said. 2. Arm Holdings is one of those chip stocks under pressure Tuesday, shedding another 8.5% following Monday's 8% decline. With the stock now trading at roughly $198 a piece, Jim said investors who don't own Arm might have a chance if the stock "comes down a little more." He advised investors to start with an entry position, buying only a quarter of the amount of shares they'd like to own. Arm's decline comes after a nearly 41% rally last week was capped off Friday with record close of about $235. We initiated a position in Arm last Monday at nearly $173 per share. 3. Starbucks reports after the close Tuesday. Wall Street expects a largely positive performance on comparable-store sales amid CEO Brian Niccol's turnaround efforts. However, the coffee chain's margins are still in question. We explored the margin debate in detail earlier Tuesday. "I'm in favor of trimming some," said Jim, advising investors to shave a quarter of their position. Jim said he's concerned that with a choppier economic backdrop, consumers may spend...
Advanced Micro (AMD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Advanced Micro (AMD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
hapabapa/iStock Editorial via Getty Images Things have been going really well for shareholders of telecommunications behemoth Verizon Communications ( VZ ) since I reaffirmed the company as a Strong Buy candidate back in January of this year. From that time through today, the stock has skyrocketed 21.4%, easily outperforming the 3.6% increase that the S&P 500 ( SP500 ) saw over the same window of ...
hapabapa/iStock Editorial via Getty Images Things have been going really well for shareholders of telecommunications behemoth Verizon Communications ( VZ ) since I reaffirmed the company as a Strong Buy candidate back in January of this year. From that time through today, the stock has skyrocketed 21.4%, easily outperforming the 3.6% increase that the S&P 500 ( SP500 ) saw over the same window of time. The latest move higher came on April 27th, when the stock popped 1.6% after management announced financial results for the first quarter of the 2026 fiscal year. Although revenue fell short of what analysts anticipated , adjusted earnings per share exceeded forecasts, and management increased guidance for the 2026 fiscal year. Relative to other similar firms, the stock is fairly attractively priced. And its low leverage makes it much lower risk by comparison. When you add all of this together, it makes sense to maintain the company as a Strong Buy candidate, even if the easy money has been made. Calling all shareholders Truth be told, the first quarter of the 2026 fiscal year was a bit of a mixed bag for shareholders of Verizon Communications. Yes, revenue did increase year over year, climbing from $33.49 billion to $34.40 billion. However, the revenue generated by the company fell short of what analysts anticipated by the amount of $490 million. That is disappointing to say the least. But underlying this revenue growth ended up being some pretty attractive numbers. The number of wireless connections that the company boasted came in at 146.80 million. That's up from the 145.97 million that the business had just one year earlier. But that's not all. According to management, the number of wireless postpaid subscribers popped from 125.74 million to 126.50 million year over year. However, the number of wireless postpaid accounts decreased from 34.70 million to 34.37 million. Author - SEC EDGAR Data There were some other metrics that came in strong. As the number of fiber ...
Purple Innovation (NASDAQ:PRPL) reported first-quarter 2026 results that management said showed “continued progress and greater consistency across our channels,” even as total sales declined year-over-year and gross margin fell below the company’s longer-term target. Executives also detailed an acco
Purple Innovation (NASDAQ:PRPL) reported first-quarter 2026 results that management said showed “continued progress and greater consistency across our channels,” even as total sales declined year-over-year and gross margin fell below the company’s longer-term target. Executives also detailed an acco
The digital bank and personal loan company LendingClub (NYSE: LC) reported strong 2026 first-quarter earnings, as it makes progress on its medium-term growth strategy. LendingClub also said it will change its name to Happen Bank, a process expected to be completed this summer, to reflect its enhanced banking capabilities and further reflect its core mission: "To clear the way for people going plac...
The digital bank and personal loan company LendingClub (NYSE: LC) reported strong 2026 first-quarter earnings, as it makes progress on its medium-term growth strategy. LendingClub also said it will change its name to Happen Bank, a process expected to be completed this summer, to reflect its enhanced banking capabilities and further reflect its core mission: "To clear the way for people going places." The company reported earnings per share (EPS) of $0.44, beating Wall Street consensus estimates by $0.08, and revenue of over $252 million, beating estimates by about $3 million. Loan originations for the quarter came in at nearly $2.7 billion. Continue reading
In trading on Tuesday, the State Street Energy Select Sector SPDR ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Coterra Energy, up about 3.3% and shares of Devon Energy, up about 3.2% on the day.
In trading on Tuesday, the State Street Energy Select Sector SPDR ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Coterra Energy, up about 3.3% and shares of Devon Energy, up about 3.2% on the day.
A US agency abruptly closed an investigation into allegations that Meta Platforms Inc. can access encrypted WhatsApp messages, said two people familiar with the matter, ending a law enforcement inquiry into claims that challenge how the company markets the chat service’s privacy. The probe was shut down soon after a Commerce Department investigator contacted other federal officials early this year...
A US agency abruptly closed an investigation into allegations that Meta Platforms Inc. can access encrypted WhatsApp messages, said two people familiar with the matter, ending a law enforcement inquiry into claims that challenge how the company markets the chat service’s privacy. The probe was shut down soon after a Commerce Department investigator contacted other federal officials early this year to share his conclusions “thus far” and try to coordinate ongoing investigative work, according to records seen by Bloomberg News and the people. They spoke on condition that they and the agent not be identified because they weren’t authorized to discuss the matter and were concerned about retaliation. Through much of 2025, the special agent had been looking into claims that some Meta employees and contractors could see the content of encrypted WhatsApp messages. Meta has vehemently denied those allegations and said it’s impossible for its workers to read messages because of how the WhatsApp platform is built. In January, the agent sent more than a dozen officials at other agencies an email summarizing his preliminary findings. He wrote that, after 10 months of gathering documents and conducting interviews, he had concluded that Meta stores and can view WhatsApp messages. Bloomberg News reviewed the email and authenticated it with one of the recipients and another person who saw it. “There is no limit to the type of WhatsApp message that can be viewed by Meta,” wrote the agent with the Office of Export Enforcement inside the Commerce Department’s Bureau of Industry and Security. “The misconduct of Meta and its officers, including current and former high-level executives, involve civil and criminal violations that span several federal jurisdictions,” he said later in the Jan. 16 message. The agent repeatedly declined to comment when reached by phone. Not long after the investigator sent the note, his agency, which oversees US export controls, closed the investigation, accor...
Meta Platforms has signed a multi year agreement with Overview Energy to reserve up to 1 gigawatt of space based solar power for its data center operations. The partnership aims to supply continuous renewable energy from orbit to support Meta's AI driven infrastructure. An orbital demonstration is scheduled for 2028, with commercial power delivery targeted for 2030. Meta Platforms, NasdaqGS:META, ...
Meta Platforms has signed a multi year agreement with Overview Energy to reserve up to 1 gigawatt of space based solar power for its data center operations. The partnership aims to supply continuous renewable energy from orbit to support Meta's AI driven infrastructure. An orbital demonstration is scheduled for 2028, with commercial power delivery targeted for 2030. Meta Platforms, NasdaqGS:META, is tying this new power agreement directly to its growing data center and AI needs, where...