The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
In Wednesday's edition of "Am I Diversified," CNBC's Jim Cramer spotted a great stock for investors to own through the market's daily ups and downs.
Cramer also approved of the rest of the portfolio: Honeywell, which he called a "terrific," diversified industrial; Apple, one of his all-time favorites; Netflix; and Raytheon, which he said was a great play on President Donald Trump's Middle East arms-dealership.
"We have defense, we have tech, we have entertainment, we have finance and we have industrial," Cramer said. "That is perfect."
With all the negative Facebook-Cambridge Analytica headlines, Cramer had to remind investors not to let the news reflect badly on all of the FANG stocks.
"While the stock has been bouncing in recent weeks, the pullback was severe enough that I think it's worth reassessing this story to make sure McDonald's is still worth owning in this new, more risky environment," Cramer said.
"The answer? Not only is McDonald's stock getting attractive, I think you're being given a pretty good entry point here."
Cramer has long been a fan of McDonald's CEO Steve Easterbrook, who took on the role in 2015. Since then, Easterbrook has revamped the chain's menu, introduced all-day breakfast and fueled a 60 percent gain in shares of McDonald's.
"But if you want to know where Larry stands on the actual issues, all you need to do is listen to the conference call from FedEx last night, " the "Mad Money" host said on Wednesday. "In all of the years I worked with Larry on 'Kudlow & Cramer,' no executive came closer to his views than Fred Smith, the founder, chairman and CEO of FedEx. "
Considering FedEx's growing international exposure, Smith, a former Marine and Washington heavyweight, can't afford not to share his outlook on the state of global trade, Cramer said.
Interestingly enough, the CEO distanced himself from Trump's hard-line views on trade on the call.
Few things are more agonizing for Cramer than watching a stock he likes lose its momentum.
"When a fast-growing, high-flying momentum name breaks, it turns into a falling knife that will cut anyone who tries to catch it on the way down," he said. "For most of the last 10 months, that has been the exact story of Ulta Beauty. "
Ulta's slowing growth has made its stock a total roller-coaster, unable to make a real bounce. But after the cosmetics company reported a weaker-than-expected quarter last week, the stock surged — a "very bullish sign," Cramer said.
"In fact, it's a classic tell of a bottom, because it signals that your weak-handed fellow shareholders have at last capitulated," he continued.
And when Ulta's management talked about their plans to make growth-boosting investments on the post-earnings conference call, Cramer regained his confidence in the makeup play's prospects.
"All things considered, I think Ulta Beauty is back," he said. "Even after the latest bounce, I recommend buying some because the stock has fallen to levels where it's become too cheap to ignore."
In Cramer's lightning round, he shared his take on some callers' favorite stocks:
Zagg: "The guy I really liked there, the CEO, he stepped down. He retired, and that was one of the problems with the company. And the quarter wasn't that great, either. I should've been more negative when I was asked about it last."
Disclosure: Cramer's charitable trust owns shares of Goldman Sachs, Honeywell, Apple, Raytheon, Facebook, Amazon, Alphabet and Nvidia.