Jim Cramer rethinks one of his favorite fantasy football picks and reveals what player he believes is the next breakout star.
Integrity: He has done more than any other President before him. Here is a list of his impressive accomplishments: - First President to be photographed smoking a joint. - First President to apply for college aid as a foreign student, then deny he was a foreigner. - First President to have a social security number from a state he has never lived in. - First President to preside over a cut to the credit-rating of the United States. - First President to violate the War Powers Act. - First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico. - First President to require all Americans to purchase a product from a third party. - First President to spend a trillion dollars on "shovel-ready" jobs when there was no such thing as "shovel-ready" jobs. - First President to abrogate bankruptcy law to turn over control of companies to his union supporters. - First President to by-pass Congress and implement the Dream Act through executive fiat. - First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions. - First President to demand a company hand-over $20 billion to one of his political appointees. - First President to tell a CEO of a major corporation (Chrysler) to resign. - First President to terminate America 's ability to put a man in space. - First President to cancel the National Day of Prayer and to say that America is no longer a Christian nation. - First President to have a law signed by an auto-pen without being present. - First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it. - First President to threaten insurance companies if they publicly spoke out on the reasons for their rate increases. - First President to tell a major manufacturing company (Boeing) in which state it is allowed to locate a factory. - First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN). - First President to withdraw an existing coal permit that had been properly issued years ago. - First President to actively try to bankrupt an American industry (coal). - First President to fire an inspector general of AmeriCorps for catching one of his friends in a corruption case. - First President to appoint 45 czars to replace elected officials in his office. - First President to surround himself with radical left wing anarchists(incl a communist!!). - First President to golf more than 150 separate times in his five years in office. - First President to hide his birth, medical, educational and travel records. - First President to win a Nobel Peace Prize for doing NOTHING to earn it. - First President to go on multiple "global apology tours" and concurrent "insult our friends" tours. - First President to go on over 17 lavish vacations, in addition to date nights and Wednesday evening White House parties for his friends paid for by the taxpayers. - First President to have personal servants (taxpayer funded) for his wife. - First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense. - First President to fly in a personal trainer from Chicago at least once a week at taxpayer expense. - First President to repeat the Quran and tell us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth. - First President to side with a foreign nation over one of the American 50 states (Mexico vs Arizona). - First President to tell the military men and women that they should pay for their own private insurance because they "volunteered to go to war and knew the consequences." - Then he was the First President to tell the members of the military that THEY were UNPATRIOTIC for balking at the last suggestion. Now, let's make sure EVERYONE gets this message about Obama's accomplishments
GPS device-maker Garmin long has revered diversity in its workforce, even when the locale of its ever-sprawling operational headquarters — a largely white Kansas City suburb — didn't reflect it. It's the place 32-year-old Srinivas Kuchibhotla came to work a few years ago. By his wife's account Friday he willingly spent long hours on an aviation systems engineering team alongside Alok Madasani, a friend and colleague also 32 and from India.
Warren Buffett's Berkshire Hathaway is out with its annual letter to shareholders. "Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior," Buffett said in the letter.
It is unusual to say the least that a major company’s CFO informs the CEO that he will be leaving the company the day before an earnings announcement and that he will be resigning within a few days when its 10-K is filed (but staying on for about 5-6 weeks to “ensure a smooth transition”). In one way it is better that Jason Wheeler, Tesla’s resigning CFO, told Elon Musk before the company’s earnings were released so that an announcement could be made on the conference call. Wheeler’s resignation becomes effective with the company filing its annual 10-K and over the past three years this has been on February 26th twice and on February 24 so I expect it any day. While this is a good amount of compensation he was Tesla’s first CFO and was there from 2008 to last 2015 so I suspect he made more than enough money that this additional amount is very nice to have but not needed.
The Great Restructuring in retail continues. In the wake of a disappointing holiday season, J.C. Penney (JCP) said Friday it will close 130 to 140 stores by the second quarter. The store closures represent 13% to 14% of the company's current store base and less than 5% of annual sales. They have a negligible impact on net income. J.C. Penney said same-store sales at the locations were "significantly below" the remaining store base and operate at a much higher expense rate due to poor productivity. The company expects $200 million in annual costs savings from the efforts. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of
After more than two years of stagnant performance, Boeing (NYSE:BA) shares have taken off in the past year. Indeed, Boeing stock has more than doubled the S&P 500's rise with a 50% gain during that period. The vast majority of the increase has occurred since September. On Thursday, Boeing reached another all-time closing high of $176.86. Yet while the stock is flourishing, the underlying business is no better than it was a year ago. As a result, I sold about half of my Boeing stock last week. Boeing faces some headwinds Three years ago, demand for Boeing's planes was buoyant. However, since then, the sharp drop in oil prices has made airlines less desperate to upgrade their fleets with the newest,
Plus, the first day of every month, a specific amount from my checking account is sent directly to my Roth IRA and my Ally high-interest savings account. Since my savings goals are taken care of each month — along with my fixed costs, such as rent and insurance — I feel free to spend the rest of my paycheck as I please. My system is a seemingly well-oiled machine: At the end of the day, I cover my expenses and set aside enough to hit my savings goals.
Warren Buffett’s annual letter to Berkshire Hathaway shareholders is out, and it’s full of wisdom from the Oracle of Omaha. In it, Buffett, the 86-year-old CEO of the company, offers his thoughts on American business and, by extension, the US stock market. “America’s economic achievements have led to staggering profits for stockholders,” Buffett writes.
Although President-elect Donald Trump has pledged to cut federal taxes, state taxes are rising across the U.S. as financially strapped states search for funds to repair deteriorating infrastructure and close widening budget shortfalls. Alaska currently has no income or state sales tax. Raising existing state taxes or imposing new ones could backfire if they lead to fewer taxpayers.
Chesapeake Energy Corp. was upgraded Friday at UBS, which said the oil-and-gas company’s stock had fallen too far to remain bearish on its prospects. The stock CHK, -1.57% rose 1.8% in active morning trade. With recent volume of 20.6 million shares, which was already more than half the full-day average of 36.1 million shares, the stock was the eighth-most actively traded on the major U.S. exchanges. On Thursday, the stock had tumbled as much as 9.1% in intraday trade, before closing down 2.9% at a three-month low of $5.75, in the wake of fourth-quarter results. UBS analyst William Featherston said he raised his rating on Chesapeake to neutral, after being at sell since June 24, 2015, because
A new WSJ/NBC News poll released Friday shows a growing concern among Americans, and core-Trump supporters, over President Donald Trump's connections with Russian President Vladimir Putin. Photo: Press Pool/Kremlin
Video juggernaut and 2016 market leader NVIDIA Inc. (NVDA) could be on the cusp of a major breakdown that predicts much lower prices in coming months. This bearish technical brew has bubbled under the surface since the calendar flipped into January and has now reached a boiling point that favors high volatility and an intense battle between over-committed bulls and bears The stock entered a distribution phase at the end of December, raising odds that funds have quietly exited positions while retail players continued to buy in reaction to endlessly bullish analyst chatter. Smart money inevitably wins in this professional vs. amateur conflict, making it likely that late-to-the-party shareholders
Yahoo Finance reached out to Mohamed El-Erian to get his take on today’s release. Spending part of a Saturday morning reading Warren Buffett’s annual letter to shareholders is one of my cherished traditions.
Oil prices fell about 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs. U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery, energy services firm Baker Hughes Inc (BHI.N) said. Prices were also pressured by book squaring ahead of the weekend and upcoming Feb. 28 expirations in Brent futures for April delivery, heating oil for March delivery (HOc1), and March RBOB gasoline (RBc1), analysts and traders said.
BioMarin Pharmaceutical (NASDAQ:BMRN) logged over $1 billion in revenue -- the traditional level for a blockbuster -- for the first time in 2016. Of course, that's combined sales of its four drugs, but it's still a mighty accomplishment that many drugmakers never reach. BioMarin Pharmaceutical results: The raw numbers What happened with BioMarin Pharmaceutical this quarter? Don't freak out about the switch from a profit to a loss; the year-ago quarter had a large credit for the sale of talazoparib to Medivation. Sales of Vimizim, Kuvan, and Naglazyme increased by 59%, 38%, and 25%, respectively. The only drug that saw year-over-year declines was Aldurazyme, which was down 10% year over year,
The Progress 66 Russian cargo spacecraft docked with the International Space Station early Friday morning. It's the second cargo spacecraft to dock with the space station in about 24 hours. (Feb. 24)
“Bob’s a slow learner,” my instructor says after I tell him why I’m taking his class. The class, FP103 — Investments — is one of seven I must complete before I sit for the Certified Financial Planner exam. And the reason I told my instructor and fellow students — the reason I’m sitting in room 323B in Boston University’s College of Arts & Sciences building on Thursday evenings from 6 p.m. to 9 p.m. this semester instead of watching the Bruins or reading a biography of Abraham Lincoln or painting my daughter’s bedroom -- is that I plan to finish what I started in 1990. Yes, I plan to get my CFP. In my investment class, I’m one of 16 students, including a 20-something CPA, a 30-something business
Although the Federal Reserve has started to tighten interest rates, it's still hard to find investments providing a notable yield. But it isn't impossible if you look in the right places and are willing to take on a little extra risk. Royal Dutch Shell Plc (NYSE:RDS-B) and Buckeye Partners, L.P. (NYSE:BPL), with their 6.5%-plus yields, are perfect examples. Here's why you might want to take a look at these energy industry players that pay you to own them. Turning the corner Royal Dutch Shell, one of the world's largest integrated energy companies, made a $50 million bet while falling oil prices were crimping its top and bottom lines. It basically doubled down on liquefied natural gas via the
For nearly a decade, rock-bottom mortgage rates have fueled the housing market, but that could end as rates start climbing. More than half of current home shoppers consider rising interest rates among the top factors affecting their ability to buy a home, according to a new survey from Zillow Group Mortgages. Eight in 10 homebuyers surveyed said that they’ll continue with their plans even if rates increase their monthly mortgage payments by $100.
In a story Feb. 23 about a meeting that President Donald Trump held with two dozen manufacturing executives, The Associated Press referred incorrectly to Doug Oberhelman as the CEO of Caterpillar Inc. Oberhelman is the current chairman and former CEO of Caterpillar. WASHINGTON (AP) -- President Donald Trump brought two dozen manufacturing CEOs to the White House on Thursday and declared their collective commitment to restoring factory jobs lost to foreign competition.
Warren Buffett, who has famously shied away from technology stocks, has made a killing on his investment in Apple’s stock. Writing in his annual report, Buffett revealed that Berkshire Hathaway owned 61.24 million shares of Apple at the end of 2016. Apple closed above $136 on Friday, meaning Berkshire Hathaway has made more than $1.62 billion on its investment so far this year.
A strategic mistake made six years ago by celebrity CEO Ron Johnson continues to haunt popular retailer JC Penney, as evidenced by the ongoing sluggish sales growth and store closings that have made the company smaller—a fraction of what it once was. Meanwhile, investors have been bailing out from the company’s stock, which trades in the middle single digits — a long way from the upper 30s, where it was trading back in 2012. JC Penney’s woes began with a change in the retailer’s pricing strategy –replacement of coupon sales with everyday low prices. The old pricing strategy has been popular among retailers, because it hypes shoppers, making them feel smart and encouraging them to talk with
Time is catching up with Coca-Cola (KO) . For far too long, the soda giant has watched its core products lose favor while continuing to drag its feet when it comes to cost-cutting and revamping its business. What's an investor to do? The iconic soda company just released its latest batch of quarterly results, and the news was bad. Revenues dropped yet again, by some 5.9%. And volume for its core soda portfolio dropped about 2%. Profits were also under pressure. But it gets worse. Coca-Cola stated that it doesn't foresee a profit improvement in 2017. The company expects earnings to decline 1% to 4%. And some analysts think that might even be too optimistic. Now, with its core portfolio of products
"For decades, Jack has urged investors to invest in ultra-low-cost index funds. In 1974, Bogle founded Vanguard Group, which transformed investing forever with the index fund. The index fund, which passively tracks a market index, allows ordinary people to invest in the stock market at much lower fees than in traditional, actively managed funds.
“Today, I would rather prep for a colonoscopy than issue Berkshire shares,” writes Warren Buffett in his latest letter to Berkshire Hathaway (BRK-A, BRK-B) shareholders. “I earlier described our gradual shift from a company obtaining most of its gains from investment activities to one that grows in value by owning businesses,” Buffett writes. “Launching that transition, we took baby steps — making small acquisitions whose impact on Berkshire’s profits was dwarfed by our gains from marketable securities.
If Vanguard, the second-largest U.S. issuer of exchange traded funds (ETFs), is known for one thing, it is low fees. And Vanguard does not sit idle when it comes to the expenses it charges on its index funds and ETFs. The Pennsylvania-based fund giant regularly reduces what are already among the industry's lowest fees, a tradition that continued Friday when it unveiled lower fees for 68 additional mutual fund and ETF shares. The newly lowered fees will result in savings of $105 million for investors, according to a Vanguard statement. A broad swath of Vanguard's international ETFs saw modest fee reductions. For example, the Vanguard FTSE Emerging Markets ETF (VWO), the largest emerging markets