Month: February 2019

CNBC’s Jim Cramer reminded viewers on Thursday that he doesn’t like to distract himself by second guessing things. “I always say there’s no room for ‘woulda, choulda, soulda’ in this business … Always think forward—eye on the prize—never backwards,” the “Mad Money” host said. “But at the end of a fabulous month capping off 10
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Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.
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Lifestyle authority and television personality Martha Stewart has entered a business partnership with Canopy Growth, one of the globe’s largest marijuana and hemp producers, to develop hemp-derived CBD products. Stewart will play an advisory role at Canopy and will first assist in developing a broad new line of animal health products, the company said Thursday.
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J.C. Penney on Thursday reported earnings and sales for the holiday quarter that topped analysts’ expectations, as the company said it was successful in reducing a glut of unsold inventory in 2018. The company said it plans to shut 18 department stores in 2019, including three it already announced when it warned of dismal holiday
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Whitney Curtis | Bloomberg | Getty Images Bottles of Anheuser-Busch’s Bud Light, Budweiser and Budweiser Select and InBev NV’s Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri. Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019,
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HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts
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In Cramer’s lightning round, the “Mad Money” host flew through his ideas on viewers’ favorite companies: Aurinia Pharmaceuticals Inc.: “No, not a takeover candidate. No, not without the approval because … [if] it doesn’t get the approval it’s supposed to have then I tell you this one goes much lower. You wanna do it on
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Bloomberg | Getty Images A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Victoria’s Secret has been under scrutiny for failing to keep up with shifting consumer demands, especially involving themes of female empowerment and
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Michael Nagle | Bloomberg | Getty Images James Park, chief executive officer of Fitbit Inc. Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8
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Shares of Box plummeted as much as 23 percent in after hours trading after the company reported fourth quarter 2019 revenue that missed analyst expectations. The company also reported weak guidance for the upcoming quarter and full fiscal year. Here are the numbers Box reported compared to Wall Street expectations: Earnings per share: $0.06 per
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Andrew Harrer | Bloomberg | Getty Images Jack Dorsey, co-founder and chief executive officer of Twitter Inc., listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018.  Square reported fourth-quarter earnings that beat analysts’ expectations on Wednesday. But guidance for the first quarter and revenue growth were weaker than
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Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season. Shares of the Framingham, Massachusetts-based company rose 2 percent before the bell. TJX has opened more stores and largely depended on its deep in-store discounts to drive
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