We expected more from AMD’s earnings, but nothing changes our investment thesis

Advanced Micro Devices (AMD) reported better-than-expected second quarter results Tuesday after the closing bell. Revenue increased 70% year over year to $6.55 billion, beating estimates of about $6.53 billion, according to FactSet. Adjusted gross margins expanded 640 basis points year over year to 54%, beating expectations of about 53.5%. And adjusted earnings per share climbed … Read more

Pioneer returns over 95% of free cash flow to investors in earnings beat

Investing Club holding Pioneer Natural Resources (PXD) reported better-than-expected earnings after the closing bell Tuesday. Total revenue of $6.92 billion exceeded expectations of $6.89 billion. Adjusted diluted earnings of $9.36 per share was better than the $8.81 per share expected by the Street. Operating cash flow for the quarter of $3.22 a bit short versus the … Read more

What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles

What I am looking at Aug. 2, 2022 Is oil over? I thought it had staying power here but a chartist who called the West Texas Intermediate crude top at about $110 per barrel on “Mad Money,” Carley Garner, now says next stop is $85 to $80 range. WTI under $94 per barrel Tuesday morning … Read more

What Cramer is watching Monday — consumers hoard cash, home improvement slows

What I am looking at Aug. 1, 2022 Looking for signs of peaking. M2 has peaked and could be ready for a big fall. (M2 is a broad measure of the U.S. money supply). Are consumer balance sheets stretched? Still have a huge amount of cash in their accounts. (Good for banks with high fed … Read more

Don’t get fooled by the bears, sometimes good news is actually … good

This weekend I read a host of negative articles assailing this market and the earnings reports from individual companies. The suggestion: The numbers are all hiding something and even companies like Amazon (AMZN) and Apple (AAPL) simply reported figures that exceeded lowball analyst estimates that were meant to generate upside. This is an outrageously bullish … Read more

The week in review, the week ahead — July 29, 2022

The major averages all gained for another winning week, capping the best month for stocks in 2022. It was also a week that perfectly exemplified why it’s often the expectations that matter far more than the actual numbers reported. On the macro front, in addition to a 75 basis point rate hike from the Federal … Read more

What Cramer is watching Monday — Snap cuts, chip stock reset, financials slashed

What I’m looking at July 25, 2022 Still downgrading Snap (SNAP), this time Wolfe Research and Morgan Stanley. How could they be so wrong? Is it winner take all, losers take none, versus Club holdings Alphabet ‘s (GOOGL) Google and Facebook parent Meta Platforms (META)? SNAP down 2% in the premarket after 39% plunge Friday. … Read more

Delta’s big buy, solid bank results, the Micron effect

What I am looking at July 18, 2022 Quarterly earnings report from Bank of America (BAC) was very solid. Revenue rose 6% to $22.79 billion, beating analyst estimates. Loan growth is good. The consumer is amazingly good — don’t know if consumer can be slowed down easily. Goldman Sachs (GS) posted profit and revenue that … Read more

5 things to know before the stock market opens Thursday, July 14

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Another weak morning for stocks Just days ago, investors toasted a winning week in the … Read more

Costco once again shows why it is the best-run retailer on the planet

Costco (COST) posted another strong monthly sales result for June — a sign the big box retailer is continuing to outperform and steal market share while many of its peers struggle in a difficult economic environment. Net sales for the month jumped a solid 20.4% year over year to $22.78 billion, according to data released … Read more