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 News

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.

 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.”
Source: NBCLA - 🏆 319. / 59 Read more »

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.”
Source: NBCNewYork - 🏆 270. / 63 Read more »