These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Investors should take note of the downgrades analysts made on a collection of stocks, CNBC's Jim Cramer said Monday.
Analysts made their calls on General Electric, Boeing, and Clorox, among others, which could signal what's to come, he said. The Dow Jones Industrial Average shed nearly 84 points on the day, while the rose 0.1% to extend a seven-day winning streak and the Nasdaq moved up 0.2%.
Because the market has had an "incredible" run, many of these downgrades seem to be warranted and action oriented, Cramer said.
"You know my mantra: bulls make money, bears make money, but hogs ... they get slaughtered," the "Mad Money" host said. "I don't want to be too greedy and that rule has never gotten me in trouble, so we need to take these calls seriously. We always should focus on downgrades. They can be very meaningful."
J.P. Morgan's Steve Tusa, who Cramer called one of his favorite analysts, reduced General Electric from hold to sell and cut his price target from $6 to $5. Tusa thinks investors have been too bullish on the stock and that a lot could go wrong in a potential recession, Cramer noted. Additionally, the bank's top analyst worries that optimism about CEO Larry Culp could overshadow the company's structural issues in the power and health care segments.
Cramer was not convinced, however, by Tusa's thinking that GE is not taking its aviation cash flow into full account in order to paint a better picture.
"Short term, I think Tusa could be right about this stock," Cramer said. "But if Culp can engineer another brilliant sale like he did by offloading the life sciences business to Danaher, his old employer, for $21.4 billion, you might want to be a buyer ... Long term, I'm betting on Culp. "
Bank of America Merrill Lynch demoted Boeing from buy to hold and the price target from $480 to $420. The bank's analyst said that fallout from the airplane manufacturer's 737 Max 8 has been worse than initially thought. That roll out for a software fix for the plane, which could take up to nine months — three months longer than first projected. Boeing also projected that production cuts would harm earnings and cash flow.
Boeing's top selling airplane was involved in two fatal plane crashes in October and March. Cramer pointed out that the bank's analysis projected that the company's troubles could drop earnings to $11.80 per share, 26% less than a year ago.
"I am a big Boeing supporter, but this downgrade has gravitas and with the stock still up 16% year-to-date, I think ringing the register here does make sense," Cramer said.
Boeing's issues have put pressure on other stocks, including carriers like Southwest Airlines that have a 737 Max fleet. But Cramer suggested that airline stocks with less exposure to 737 Max issues, including American Airlines and United Continental, could be worth buying.
J.P. Morgan also downgraded Clorox, a company that Cramer said has been well run by CEO Benno Dorer, from hold to sell. The analyst cut the earnings per share outlook from $6.34 to $6.26, which Cramer noted was below Wall Street's consensus estimate of $6.32 per share.
Cramer said Clorox's stock has already fallen from $167 to $153.
"[If] the stock goes down any lower, I think that it can report an earnings disappointment like J.P. Morgan's looking for and the stock might just barely blink," he said.