Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. I think it’s a good story, but not a great story, because it’s up so much for the year and that’s been a real big determinant about how stocks are doing right now.” Cytokinetics Inc.: “Very speculative, but I’ll endorse it as long as you understand that that thing is…

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Huawei says it will hit $100 billion in revenue for 2018

Huawei says it will hit $100 billion in revenue for 2018

  Zhang Peng | LightRocket | Getty Images People try using Huawei smartphones at an exhibition. Huawei’s revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said Thursday. Speaking to CNBC in Mandarin via a translator, Eric Xu, one of the rotating chairmen at Huawei said that business is growing “slightly better” than had been expected. “There is no problem that we can hit the $100 billion mark,” Xu said, in a translation that was verified by CNBC. Xu did…

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Rockwell Collins shares jump as China approves United Technologies deal

Rockwell Collins shares jump as China approves United Technologies deal

Simon Dawson | Bloomberg | Getty Images A United Technologies Corp. Pratt & Whitney PurePower PW1000G engine. United Technologies received a key antitrust approval from China on Friday for the industrial giant’s purchase of aircraft parts maker Rockwell Collins. Rockwell Collins shares jumped 9.2 percent in trading, closing at $141.63 a share, while United Technologies’ stock rose 2.7 percent to $129.04 a share. Shareholders were concerned that the deal would become a victim of the trade war between United States and China since the Chinese government’s decision was delayed from…

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US crude oil posts longest losing streak in over 34 years, falling for 10th day

US crude oil posts longest losing streak in over 34 years, falling for 10th day

U.S. crude prices fell Friday for a 10th consecutive session, sinking deeper into bear market territory and wiping out the benchmark’s gains for the year. The 10-day decline is the longest losing streak for U.S. crude since mid-1984, according to Refinitiv data. Crude futures fell for a fifth straight week as growing output from key producers and a deteriorating outlook for oil demand deepen a sell-off spurred by October’s broader market plunge. The drop marks a stunning reversal from last month, when oil prices hit nearly four-year highs as the…

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Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from

Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from

Between the moment you’re reading this and the end of 2018 Tesla needs to come up with about a billion dollars to give to creditors. And right now it doesn’t look like the company has it. So forget the libel lawsuits and the Twitter wars, the SEC investigations and tearful interviews from CEO Elon Musk. Forget the race to 5,000 Model 3s and the “production hell” turned “delivery hell” and all the hours of rework. Try to forget all the drama with hip-hop star Azealia Banks (if you possibly can). Remember instead that Tesla is –…

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Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

One of the biggest fashion retailers in the US is going all-in on Amazon, and it’s telling of where fashion is headed. According to a recent report from Nomura, Amazon now offers a bigger selection of Calvin Klein and Tommy Hilfiger clothing than Macy’s and JCPenney do. These brands, both owned by PVH Corp, have historically had a strong presence in department stores. However, Nomura data shows that they are shifting away from this channel in search of greener pastures. While department stores have struggled in recent years, Amazon has…

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Cramer’s ‘power ranking’ for consumer staples: Constellation, Costco, McCormick, Clorox, Estee Lauder

Cramer’s ‘power ranking’ for consumer staples: Constellation, Costco, McCormick, Clorox, Estee Lauder

In the spirit of football season, CNBC’s Jim Cramer has taken up a new strategy for finding each stock market sector’s power players — stocks that may have been inconsistent in the past, but look better than the competition at the moment. This week, the “Mad Money” host started “laying out the Cramer power rankings to show you which stocks I like most as we head into the end of the year,” he said on Tuesday. For his next sector breakdown, Cramer chose the consumer staples space, which includes makers of household needs like food, beverages…

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The World Trade Organisation (WTO), the World Bank, and the International Monetary Fund (IMF) all came together to ask for urgent reforms in international trade. In a joint report, the institutions focused on modernising the WTO regulations to focus on the digital arena in order to ‘harness the unique strength’ of the organisation in changing times. The Director General of the WTO, has earlier stated that the current global trade tensions have the potential to undermine the economic order that was established after World War II. The functions of the World Trade Organisation (WTO),…

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India buys Russian missile system, risking US sanctions

India buys Russian missile system, risking US sanctions

India signed a $5 billion purchase of advanced missile technology from Russia on Friday, a deal seen as New Delhi’s response to China’s growing influence in the Indian Ocean. Russian President Vladimir Putin arrived in New Delhi Thursday to meet Indian Prime Minister Narendra Modi for an annual bilateral summit that’s has focused on energy, security and defense issues. Of particular interest is India’s purchase of the Russian-built S-400 Triumf, a long-range surface-to-air missile system capable of destroying both cruise and ballistic missiles. The order, which has been under discussion since 2015, was finalized on…

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Xiaomi’s Hong Kong IPO raises $4.7 billion after pricing at low end

Xiaomi’s Hong Kong IPO raises $4.7 billion after pricing at low end

Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range, a person with knowledge of the matter said. The Beijing-based smartphone maker priced the sale of 2.18 billion shares at HK$17 each, the person said, asking not to be identified because the details are private. Xiaomi had offered the shares at HK$17 to HK$22 apiece. The pricing values Xiaomi at about $54 billion, roughly half the company’s initial goal. Billionaire George Soros and Chinese investment…

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