Cramer Remix: These stocks should be bought in this environment

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Jim Cramer reveals why blue chip stocks like Walmart and Proctor and Gamble may work best in this market.

, saw its stock rise to $36 and later plunge to about $16 surrounding its takeover of Rice Energy in 2017. EQT CEO Rob McNally visited Cramer to discuss changes that the company has made as it gears up for a proxy fight with shareholders.

A proxy fight is when shareholders team up to influence a corporate vote. McNally became chief in August after the stock collapsed more than 50%. "We think the plan that we have put forward, however, is one that is based in reality," said McNally, who took a shot at Rice Energy's idea for a turnaround plan for not being "based in reality."

"Just in the time that we've been in control of the company, we've cut $150 million worth of costs out of the system and generated $300 million of free cash flow between the fourth quarter of 2018 and the first quarter of '19."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Noise! noise! hard ttalk! no brain! Just bla bla

Consumer Staples.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The charts warn that stocks are due for a pullback, Jim Cramer saysBecause the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: 'The bull is fatigued,' froth is easing up and the market is ready to recharge'We've had a colossal rally. After this kind of run, the bull is fatigued,' the 'Mad Money' host says. froth is code for pump. fatigue is code for dump
Source: CNBC - 🏆 12. / 72 Read more »

The charts warn that stocks are due for a pullback, Jim Cramer saysBecause the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.
Source: CNBC - 🏆 12. / 72 Read more »