Jim Cramer slams Ford on post-earnings plunge, says lack of buyback is outrageous

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 Thursday's key moments. Wall Street is trying to rally Thursday after the S & P 500 and Nasdaq Composite posted their worst single-session declines since 2022 in Wednesday's session. The indexes were lower during the Morning Meeting, but turned into positive territory after its conclusion.

A reemergence of elevated warranty costs in the quarter let us down, but another key factor behind the stock's 17% plunge Thursday is management's continued resistance to repurchasing shares. It's "outrageous that they won't buy back stock" given it's trading at such a low price-to-earnings multiple, Jim said. "I want people out of this stock," he added.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Jim Cramer: Investors should start thinking about Walmart as an e-commerce companyWalmart may be the first traditional retailer to truly transform into a booming e-commerce business, Jim Cramer said Wednesday.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer's top 10 things to watch in the stock market WednesdayWall Street is getting ready for Day 2 of Federal Reserve Chairman Jerome Powell on Capitol Hill.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer doesn't want Amazon broken up into smaller companies — here's whyAmazon's flywheel of businesses work better together thanks to how the company aggregates and analyzes customer data.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer reviews 8 companies that could top $1 trillion in market capCNCB’s Jim Cramer on Wednesday reviewed eight stocks that could join the coveted “trillion dollar stock club.”
Fuente: NBCLA - 🏆 319. / 59 Leer más »

Jim Cramer reviews 8 companies that could top $1 trillion in market capCNCB’s Jim Cramer on Wednesday reviewed eight stocks that could join the coveted “trillion dollar stock club.”
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »