Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Fantasy football season is upon us, and if you think the sport fan craze is a total waste of time, Jim Cramer has some news for you.
"You're dead wrong," the "Mad Money " host said. "The lessons and discipline of the typical fantasy league are incredibly useful when you're picking stocks."
At his old hedge fund, Cramer made a point of using fantasy football to teach his employees more about stocks, what they represented, and why they were priced how they were.
"We'd put a slew of stocks on the board and you had to pick them with imaginary money," Cramer said. "It was a fabulous lesson, one I suggest you perform yourself if you're just starting out ... especially if you don't have enough money saved up yet to build a real portfolio."
In a world where more people are investing or trading online, often without a broker, Cramer finds one of the biggest mistakes to be someone buying a stock without knowing much about it or being able to explain why he likes it.
It's kind of like trying to play more than three wide receivers in a game, the "Mad Money" host said, turning back to his fantasy football analogy.
"How about if you want to play fantasy with a traditional two running back, three wide receiver, one tight end, one quarterback, a kicker, and a defense set up? I find this breakdown to be incredibly educational for us for investing purposes because by the nature of the fantasy football setup, you have to have a diversified portfolio," he said.
The top wide receivers — the market's equivalents being FANG, the stocks of Facebook, Amazon, Netflix and Google, now Alphabet — will get chosen first, leading investors to find other stocks (or players) with "mojo" like Nvidia, Salesforce or Tesla, Cramer said.
"Running backs need to be bruisers who can go the distance and not get hurt mid-season," Cramer said, suggesting DuPont, which is set to merge with Dow Chemical, or the powerhouse that is the stock of Microsoft.
In the world of stock market quarterbacks, Cramer's front-runner by far is the stock of Apple, thanks to its low price-to-earnings multiple as a consumer products company.
"Defense is so easy it's ridiculous," Cramer continued. "You can pick up Lockheed Martin, my favorite, or General Dynamics or Raytheon — a lot of Pick Sixes expected there — Northrop Grumman, L3 or sleeper stocks like Kratos. "
"I could go on and on, but let me suggest that before you even buy a stock, you see if you have too many draft picks from one position, especially wide receiver," Cramer concluded. "You could get days like last Thursday where you're totally trashed and put up no points and that's enough to drive you out of fantasy football, or even the actual portfolio league of stocks, anytime."
Disclosure: Cramer's charitable trust owns shares in Facebook, Alphabet, Apple, Nvidia, Dow Chemical and PepsiCo.