Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer Breaks Down Canopy Growth and Martha Stewart, GDP Numbers and JCP

Video Credit: The Street - Duration: 13:34s - Published < > Embed
Jim Cramer Breaks Down Canopy Growth and Martha Stewart, GDP Numbers and JCP

Jim Cramer Breaks Down Canopy Growth and Martha Stewart, GDP Numbers and JCP

It's almost Friday... Good Morning, GDP The U.S. economy slowed to a 2.6% annual growth rate in the fourth quarter, as the stimulus faded from President Donald Trump's late-2017 tax cuts and consumers reined in spending amid nagging uncertainty over his policies, from the trade war with China to the longest-ever government shutdown.

The latest report was delayed by a month due to the worker furloughs caused by the government shutdown, reported TheStreet's Brad Keoun.

J.C.

Penney's Beat Real Money's Stock of the Day, J.C.

Penney , posted stronger-than-expected fourth quarter earnings Thursday and said it expects to be free-cash-flow positive in the coming year.

J.C.

Penney said earnings for the three months ending on February 2 came in at 18 cents per share, down 68% from the same period last year but 7 cents ahead of the consensus Street forecast.

Group sales were pegged at $3.67 billion, the company said, down 8.9% from last year and just shy of the $3.78 billion consensus collected by Refinitiv.

J.C.

Penney also said same-store sales fell 4% from the same period last year, a figure that beat the 4.3% analysts' estimate.

Canopy Growth's Bringing on Martha Stewart Canopy Growth announced Thursday that Martha Stewart would be joining the cannabis company in an advisory role to help drive interest in hemp-derived CBD products.

Canopy Growth said it hopes to tap into Stewart's "deep understanding of what consumers in the United States and around the world want," as the Canadian weed company pushes itself into the mainstream, TheStreet's Tony Owusu reported.

"As soon as you hear the name Martha, you know exactly who we're talking about," said Canopy Growth Chairman and co-CEO Bruce Linton.

"Martha is one of a kind and I am so excited to be able to work alongside this icon to sharpen our CBD product offerings across categories from human to animal." Related.

Jim Cramer: My Best Stock Picks for Cannabis and China Watch Jim Cramer's Daily NYSE Show and Replays Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Defensive Investors Should Consider Procter & Gamble, Morgan Stanley Says [Video]Defensive Investors Should Consider Procter & Gamble, Morgan Stanley Says

The U.S. market is still up considerably in 2019. And as the economy clearly looks to be closer to the end of its current boom than the middle of it, some investors may want to consider defensive..

Credit: The Street     Duration: 03:08Published

What Investors Need to Know about Nvidia for the Rest of 2019 [Video]What Investors Need to Know about Nvidia for the Rest of 2019

Nvidia reported earnings on Thursday, May 16th. The chip maker said adjusted earnings for the three months ending on April 28, the group's fiscal first quarter, came in at 88 cents per share, down more..

Credit: The Street     Duration: 03:03Published

Kohl's and 2 Other Retail Earnings That Every Investor Should Watch Next Week [Video]Kohl's and 2 Other Retail Earnings That Every Investor Should Watch Next Week

The week of retail is nearly here. The markets are gearing up for major retailers to report earnings next week. Action Alerts PLUS senior analyst Jeff Marks has a couple of retail names that he's..

Credit: The Street     Duration: 01:00Published

You Should Worry About Understanding the Market [Video]You Should Worry About Understanding the Market

As the trade war between China and the U.S. keeps escalating, investors have every right to be worried about the markets. But Real Money contributor Stephen "Sarge" Guilfoyle suggested not to "worry..

Credit: The Street     Duration: 01:19Published

How the Pinterest Plummet shows the Importance of Valuations [Video]How the Pinterest Plummet shows the Importance of Valuations

Pinterest failed to impress investors when the company released its first earnings report. The adjusted loss in the quarter narrowed to 32 cents a share from 38 cents a year earlier but was wider than..

Credit: The Street     Duration: 01:14Published

Looking to Play the Luckin IPO? You May Be Better Off Playing the Preakness [Video]Looking to Play the Luckin IPO? You May Be Better Off Playing the Preakness

Luckin Coffee's initial public offering was priced at the higher end of its target range, setting up a debut Friday on the Nasdaq that will value the China-based rival to Starbucks at more than $4.2..

Credit: The Street     Duration: 01:29Published

Why Investors Should Keep an Eye on Nvidia, Pinterest and Luckin [Video]Why Investors Should Keep an Eye on Nvidia, Pinterest and Luckin

It's finally Friday. Action Alerts PLUS senior analyst Jeff Marks joins TheStreet to break down some of the top headlines in the market. Nvidia Post-Earnings Real Money Stock of the Day Nvidia ..

Credit: The Street     Duration: 06:07Published

Look Away From Walmart and Turn to Nordstrom -- ICYMI [Video]Look Away From Walmart and Turn to Nordstrom -- ICYMI

Walmart is an economic bellwether, right? Some say so, but there are other companies soon to report earnings investors need to eye, as they get their gauge on where the U.S. economy is. Walmart beat..

Credit: The Street     Duration: 02:34Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.