Jim Cramer Breaks Down Facebook, Tesla, Boeing, General Electric and Dell
General Electric's Newest Guidance Real Money's Stock of the Day General Electric issued fresh 2019 earnings guidance Thursday that missed analysts' forecasts, while confirming it will burn as much as $2 billion in cash in its industrial division.
CEO Larry Culp warned that the first quarter of this "reset" year will be the weakest for the troubled conglomerate, reported TheStreet's Martin Baccardax.
Boeing's Grounded Donald Trump grounded Boeing's 737 MAX 8 and MAX 9 planes Wednesday afternoon.
The U.S. followed aviation authorities worldwide in grounding the jets.
"The safety of the American people, all people, is our paramount concern," Trump said in a statement from the White House.
"Any plane currently in the air will go to its destination and thereafter be grounded until further notice.
Planes that are in the air will be grounded upon landing at their destination.
Pilots will be notified.
Airlines have been notified and have agreed with us." Facebook's Facing a Criminal Probe Federal prosecutors are conducting a criminal probe into data deals Facebook struck with some of the world's largest technology companies, reported The New York Times.
Facebook's Sharp Share Price Advance May Now Stall But Jim Cramer said that his concern isn't necessarily with the criminal probe, but rather with the outage that Facebook suffered Wednesday night.
Tesla's Newest SUV Tesla is set to unveil its newest car Thursday night.
CEO Elon Musk tweeted on March 1 that the "Model Y, being an SUV, is about 10 percent bigger than Model 3, so will cost about 10 percent more & have slightly less range for same battery.
Don't Underestimate Dell The focus of Jim Cramer's column on Real Money Thursday morning was on Dell.
"Dell is once again being underestimated by Wall Street and by competitors," wrote Cramer.
Underestimate Michael Dell At Your Peril "I would say that people still don't understand what Dell does.
It is becoming the hardware heart of the internet, with some software to make it all come together," he continued.
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General Electric Charts Still in Long-Term Repair Mode Watch Jim Cramer's Daily NYSE Show and Replays Below