- This topic is empty.
-
Posts
-
-
US must ‘think big’ on coronavirus response or risk losing influence to China, Jim Cramer says (https://www.cnbc.com/2020/03/18/jim-cramer-us-is-at-risk-of-losing-influence-to-china-over-coronavirus.html)
- “The rest of the world’s looking to China for leadership, not us” in coronavirus response, CNBC’s Jim Cramer said.
- “That’s going to be permanent if we don’t get our act together,” the “Mad Money” host said.
- “This could be the single-greatest buying opportunity since the bottom during the financial crisis” if the federal government takes appropriate action, he said.
Executive Interview: ‘We’ve got a strong balance sheet’: Starbucks CEO defends stock buyback program (https://www.cnbc.com/2020/03/18/weve-got-a-strong-balance-sheet-starbucks-ceo-defends-buybacks.html)
- Starbucks announced on Wednesday that its board had authorized the repurchase of up to 40 million shares.
- “Look, we’ve got a strong balance sheet, BBB investment credit rating. If you look at our last earnings call, we had $3 billion of cash on the balance sheet, we’ve got a $3 billion line of revolving credit,” CEO Kevin Johnson said on CNBC’s “Mad Money with Jim Cramer.”
- Johnson said that the approval is “nothing above and beyond” its usual share buyback program.
Ticker: SBUX
Executive Interview: Look to China and see ‘we can and will come out’ of coronavirus pandemic, Hormel CEO says in message of hope (https://www.cnbc.com/2020/03/18/hormel-ceo-return-to-normalcy-in-china-shows-coronavirus-rebound.html)
Hormel Food CEO Jim Snee on Wednesday noted there is a silver lining behind the coronavirus outbreak that has brought the global economy on the brink of recession.
Ticker: HRL
Executive Interview: Logitech is ‘well positioned’ to help people ‘build communities’ during coronavirus crisis, CEO says (https://www.cnbc.com/video/2020/03/18/logitech-ceo-on-helping-people-stay-connected-during-coronavirus-crisis.html)
Logitech CEO Bracken Darrell discusses the impact of coronavirus on the company and how the businesses’ main drivers are holding up through the crisis.
Ticker: LOGI
Cramer’s lightning round: I would not be a seller of Blackstone Group (https://www.cnbc.com/2020/03/18/cramer-lightning-round-i-would-not-be-a-seller-of-blackstone-group.html)
- K12: “It’s a great concept, but if you want to do remote I’m still going to have to send you to Zoom. Even though Zoom is up a lot, they are doing so, so well.”
- Blackstone Group: “They are very professional. The stock is up a tremendous amount and then it’s just coming down a little bit. … I would not be a seller here. At $35 I would probably be a buyer.”
- Idacorp: “We want low risk. We’re not trying to hit the ballpark.”
- Southwest Airlines: “One of the greatest business people in the world is [CEO] Gary Kelly and damned if I’m going to say sell his stock down here, even though I think it’s going lower. He deserves better. Not doing it.”
- Principal Financial: “I’m not giving up on these guys, either.”
- Uber Technologies: “As much as I like to drive Uber, I’m going to have to say maybe it’s not high quality enough, not with a lot of great stocks that are yielding really well.”
Ticker: LRN, BX, IDA, LUV, PFG, UBER
If you have any questions or comments on this topic, please start a new topic using its parent forum “Investments in the US”.
-
- The topic ‘Mad Money: Key points from March 18, 2020 (Wednesday) episode’ is closed to new replies.