News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 72%

Breaking News: Technology Nieuws

Ford Motor Co,Microsoft Corp,Alphabet Inc

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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.”
Bron: NBCLA - 🏆 319. / 59 Lees verder »

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.”
Bron: NBCNewYork - 🏆 270. / 63 Lees verder »