Jim Cramer Live 01/25/19: Jim on Cannabis, China and Starbucks
When the markets opened, the Dow Jones Industrial Average rose 171 points, or 0.7%, to 24,724, the S&P 500 was up 0.61%, and the Nasdaq gained 0.6%.
00:07 Jim Cramer Says the U.S. Has an Ace in Its Sleeve
“If there were ever a time to get the Chinese to play fair, it is now,” wrote Jim Cramer in his Real Money article on Friday, Jan. 25.
You can read the full article here.
05:15 Cannabis Burns Higher
Canopy Growth made headlines Friday morning after Piper Jaffray raised its stock price target on the Canadian cannabis company’s stock, and said it was well positioned for additional growth.
Cramer looks at recreational marijuana, or medical marijuana, companies in comparison to companies that focus in CBD products.
04:20 Time to Take a Sip of Starbucks?
Starbucks is Real Money’s stock of the day.
TheStreet’s Martin Baccardax reported that Starbucks said non-GAAP earnings for the three months ending in December, the company’s fiscal first quarter, came in a 75 cents a share, topping the consensus forecast by 10 cents and rising 15.4% from the same period last year. Global revenues rose 9.2% to $6.63 billion, Starbucks said, again topping the consensus forecast, thanks in part to a record $4.6 billion in north American sales.
Cramer weighs in on the earnings and what he expects from the company.