Democratic candidates take the stage together for the first time as they jockey for position in the race to take on President Trump in 2020.2020 Electionsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Venezuelan President Nicolas Maduro said security forces had foiled an opposition coup attempt that included plans to assassinate him and other top political figures.World Politicsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
CNBC's Jim Cramer said Wednesday that investors should shop for retail stocks outside of the department stores that continue to lose more and more business.
"At least in some of its cases, it's going to end up at Revolve Group, which is why I think you should put this stock on your shopping list and wait for a pullback, which I think we can get, " the "Mad Money" host said.
Shares of Revolve, the online retailing platform that debuted on the market at north of $25 per share Friday, have rallied more than $10 since going public. The stock closed Wednesday's session at $36.51, more than 45% higher than its first trade.
The millennial-focused company, which launched in 2003, has three digital marketplaces across three price points, including the higher-end Forward, the high-end Revolve, and the low-end Superdown. Revolve Group looks to offer more options than a specialty store while tailoring to customers more than a department store. The retailer uses technology for automated inventory management, pricing, and to predict fashion trends, Cramer noted.
Revolve grew active users by about 40% and revenue by 21.2% in the first quarter, he added. The e-commerce platform also boosted total orders by 39% and cash flow by 31%. Unlike most companies that go public, Revolve is already turning a profit, Cramer said.
"In fact, they've been consistently turning a profit for years now. This is not your typical red-hot IPO that's all about revenue growth with no concern for earnings," he said. "The only negative is that their margins took a little hit in the first quarter, but that's because they rolled out their new, lower-price concept Superdown."
Cramer said Revolve has the formula to run a department store online.
"If [the stock] gets to the low $30s, you know what, just go buy some. And if that never happens, well you know what, you gotta say you missed it," he said.
Get to know more about the Revolve IPO here
Spotting a bottom in stock prices when the market goes through a selloff is tough business.
The major averages posted losses for the second day in a row Wednesday with the Dow Jones Industrial Average declining more than 43 points, the S&P 500 dipping 0.20% and the Nasdaq Composite dropping 0.38%. Stocks rallied Monday after President Donald Trump halted tariffs on Mexican imports, but have sunk since.
Cramer said that there are three clues to track a trough: the company's estimates, stock action and the wit of other shareholders.
"You typically don't get a real bottom until the estimate cuts have been made, the stocks been softened up, and the clueless hot money has abandoned it," the host said. "That's a bottom. Anything less than that, and you're probably too early, which means you're going to get hurt."
Read more here
Cramer praised Hershey leadership for engineering a turnaround story for the iconic sweets company — a turnaround he says came at exactly the right time.
The stock has had a "magnificent" 28.96% run in 2019, but could be nearing a peak, Cramer said. Still, the household name is worth keeping on the shopping list.
"I salute CEO Michele Buck for masterminding this tremendous turnaround," the host said. "But with Hershey at $138 and investors no longer craving safety, I think you should wait for a pullback before you pull the trigger."
Get more here
Mortgage applications soared last week, but the nation's largest mortgage lender has been posting record numbers for months.
Quicken Loans, the home loan company based in Detroit, saw April and May origination volumes that proved to be the highest in the company's 34-year history. CEO Jay Farner told CNBC Wednesday the jump resulted from greater awareness of lower interest rates. And he thinks there's more gas in the tank.
"We're having record months. This quarter will be the largest quarter in the company's history," he said in a sit-down interview with Cramer. "I think June will be the biggest month we've ever had, and it's both on the purchase side and the refinance side."
Go deeper here
Get his thoughts here
In Cramer's lightning round, the "Mad Money" host zips through his thoughts about callers' favorite stock picks.
Citizens Financial Group: "Citizens Financial is just too cheap. I'm gonna say that you should buy the stock."
Cimarex Energy: "No. We're done."
Paysign: "I think we already missed that one."
Disclosure: Cramer's charitable trust owns shares of Johnson & Johnson.