Elon: Tesla Is a Robotics Company Now

Elon Musk's new plan for Tesla's future has nothing to do with electric cars... TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Jim Cramer Tells Investors To 'Do The Homework' And Look Beyond Earnings Figures: '...Causing People To Make Snap Judgments'

Benzinga Neuro
February 28, 2024

Jim Cramer has advised investors to look beyond the numbers in financial reports, saying that the current method of reporting is leading to false judgments.

What Happened: Cramer, on his show “Mad Money,” emphasized the need to read between the lines during earnings season. He pointed out that the current method of reporting on stocks is failing to provide an accurate representation of a company’s worth, reported CNBC on Tuesday.

"It's the way we report on stocks, all of us: It's not working anymore, it's failing us, it's too glib, too inconsistent, too unrepresentative of a company's worth. The reportage is causing people to make snap judgments that turn out to be false judgments, and it's got to stop," Cramer said.

Using the recent earnings of Home Depot Inc (NYSE:HD) and Lowe’s Companies Inc (NYSE:LOW) as examples, Cramer highlighted the importance of looking beyond the headlines. Despite a year-over-year sales decline, Home Depot’s CEO, Ted Decker, expressed confidence in the company’s inventory position. Cramer suggested that this could lead to improved future earnings.

Similarly, Lowe’s CEO, Marvin Ellison, acknowledged a near-term pressure on do-it-yourself projects but noted a stable sales trend among home professionals. Cramer interpreted this as a sign of strength in the company’s building materials sector.

See Also: Dogecoin’s Price Patterns Mirrors 2023 Bull Market That Saw 23,000% Gains, Says Crypto Analyst: ‘We Could See DOGE Enter A Parabolic Breakout’

Cramer also predicted success for TJX Companies Inc (NYSE:TJX) despite its less-than-ideal earnings and light guidance. He advised investors to focus on the company’s assurance of a steady supply of discounted merchandise.

Despite expressing doubt about a potential change in the headline process, Cramer pledged to continue providing accurate and insightful information to help investors make informed decisions.

"I have no illusions about this issue — It's extremely unlikely that the headline process will actually change," Cramer said.

"But my job is to entertain, educate and help you make money, and the best way to do that right now is to do the homework, listen to the conference call, shoot against the headline writers."

Why It Matters: Cramer’s advice comes at a time when the market is experiencing a mix of uncertainties and positive performances. Amid the best year since 1999, investors are looking for guidance on how to navigate the market.

Earlier, Cramer had commended companies like Domino’s Pizza for their resilience amid market uncertainties. He also highlighted the strong performances of companies like Nvidia and Amazon during the first earnings season of 2024.

On the other hand, Cramer has also expressed concerns about the diverse business ventures of companies like Alphabet and the lack of transparency. He suggested that a more focused approach could potentially boost the stock performance of these companies.

Read Next: Floki Sets New Record With $105M Staked, Surges Ahead Of Dogecoin, Pepe Coin, Shiba Inu In Total Locked Value

Image generated using AI on MidJourney


Engineered by Benzinga Neuro, Edited by Kaustubh Bagalkote


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Continue Reading...

Popular

Facebook and Instagram users in Europe can opt for less personalized ads

LONDON (AP) — Facebook and Instagram users in Europe will get the option to see less personalized ads if they don't want to pay for an , social media company Meta said Tuesday, bowing to pressure from Brussels over digital competition concerns.

Our No. 1 Defense Stock to Own Right Now - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Edmunds: These are the best lightly used hybrid cars, SUVs and trucks

What if you can’t afford to buy a new car? Consider buying a used one. A lightly used hybrid can save you thousands of dollars compared to an equivalent new one and be a trustworthy vehicle for many years to come.

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys - Ad

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

Michael Wolff On Donald Trump-Jeffrey Epstein Relationship

Michael Wolff has brought to light a series of claims about the relationship between Donald Trump and Jeffrey Epstein.

Trump Has Asked Me To Do 3 Things, Says Robert Kennedy Jr.

Robert Kennedy Jr. revealed Trump's directive to tackle health agency corruption, promote science, and end chronic disease.

A.I. Billionaires Go All-In on This New Tech - Ad

AI's massive growth is creating an overlooked crisis...According to the New York Times: "A.I. could soon need as much electricity as an entire country." Microsoft... Amazon... OenAI...these tech companies are investing billions to acquire this technology...but this ONE tiny company has a monopoly on it...

Microsoft fires employees who organized vigil for Palestinians killed in Gaza

Microsoft has fired two employees who organized an unauthorized vigil at the company's headquarters for Palestinians killed in Gaza during Israel's war with Hamas.

Trump To Joe Rogan: 'Biggest Mistake' Was Trusting 'Bad' And 'Disloyal' People

On Friday night, "The Joe Rogan Experience" podcast hosted by Joe Rogan finally aired its long-awaited episode with Donald Trump

Costco Gold Mania - Ad

They sell out "within a few hours" of going online, says Costco's CFO. And more than 77% of Costco stores have completely sold out as well. Despite the clear mania in gold... according to the gold experts at Stansberry Research, there's an EVEN BETTER way to invest in gold, without rushing to Costco to buy gold bars.

Sumitomo Rubber closing western New York tire plant and cutting 1,550 jobs

TONAWANDA, N.Y. (AP) — Sumitomo Rubber announced Thursday it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs.

Researchers say an AI-powered transcription tool used in hospitals invents things no one ever said

SAN FRANCISCO (AP) — Tech behemoth OpenAI has touted its artificial intelligence-powered transcription tool Whisper as having near “human level robustness and accuracy.”

Microsoft Goes Nuclear -- All for AI - Ad

Tech billionaires like Bill Gates, Sam Altman, and Jeff Bezos have already poured over $3 BILLION into Small Modular Reactors (SMRs). Here's the key..a small company that holds a monopoly on the essential tech required to power SMRs, and already has a partnership with the U.S. Department of Energy.

Wendy's closing 140 more restaurants as part of push to update its locations

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.

Iranian Hackers Leak Stolen Emails From Trump's 2024 Campaign Ahead Of Nov. 5 Election: Report

The hacking group, identified as Mint Sandstorm or APT42, was previously indicted by the U.S. Justice Department for alleged election interference.

He Called Nvidia at 80 Cents. Here's His Next AI Pick... - Ad

As a Silicon Valley insider, Michael Robinson's uncovered an even bigger story than AI... A mysterious investment that could be the savior of the tech industry. Big Tech executives -- including Sam Altman, Bill Gates and Mark Zuckerberg -- are throwing large sums of money at it. This is the next frontier of tech investing...

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

Washington governor OKs massive new wind farm and urges swift turbine approvals

OLYMPIA, Wash. (AP) — Washington Gov. Jay Inslee has approved a revised plan for a massive proposed wind farm after he rejected a sharply slimmed-down version earlier this year.

AI Warning: A Strange Force Overtakes U.S. Stocks - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

A promising schizophrenia drug showed mixed results. What does that mean for patients?

Some people who took a new schizophrenia drug for a year improved with only a few side effects, but many dropped out of the research, the company announced Thursday.

Joe Rogan Refutes Rumors Of YouTube 'Censoring' Trump Podcast Episode: 'It Should Be Fine Now'

Popular podcast host Joe Rogan has put to rest speculations that YouTube had suppressed an episode featuring former President Donald Trump.

Are You Aware of the Fed's Secretive New Move? (Not Cutting Rates) - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

Amazon Shares Surge In Pre-Market As Q3 Earnings Beat Expectations

This surge followed the announcement of third-quarter net sales hitting $158.9 billion, marking an 11% increase from the previous year.

A New York City law used to padlock suspected illegal pot shops is ruled unconstitutional

A law that New York City has relied on to padlock scores of suspected unlicensed marijuana shops is unconstitutional because it violates the rights of store owners, a judge ruled Tuesday.

Wall Street Insider Issues Crash Prediction - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: 'We Still Have Far To Go And Much Work To Be Done'

Shytoshi Kusama, the mysterious lead of the Shiba Inu (CRYPTO: SHIB) ecosystem, highlighted the coin’s impressive growth since its launch and the work ahead to gain further recognition.

Single Stock Blueprint Available Now - Ad

Market Wizard Larry Benedict is one of the most successful traders you'll ever meet...But he doesn't make money the traditional way. In short: It's a way to trade just one stock...And potentially make all the money you need to fast-track your retirement -- no matter what happens in the stock market.

Robert Downey Jr. says he 'intends to sue' all future executives who use his AI replica

LOS ANGELES (AP) — doesn't think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence. But if they did, he would lawyer up — even posthumously.

Luxury SUV test: Edmunds compares the Lincoln Nautilus and Mercedes-Benz GLC

While Lincoln’s full-size Navigator is great for big families and towing, the recently redesigned should have broader appeal for SUV shoppers. It’s a midsize SUV that seats five and boasts distinctive styling, lots of premium features, and an eye-catching curved display that spans the width of the dashboard. So how does this Lincoln measure up to the competition? To find out, the car experts at Edmunds compared it to the , a benchmark for luxury SUV excellence.

The No. 1 Gold Play for 2025 - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $6.

Trump: Harris Presidency Would 'Guarantee' World War III

Donald Trump said Saturday that the election of Kamala Harris to the presidency could trigger World War III.

Final jobs report before election will likely offer a blurred view of labor market

WASHINGTON (AP) — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be that left many workers temporarily off payrolls.

The Next Wave of Tech Is Beyond AI - Ad

Big Tech is currently making a series of peculiar investments in a few strange companies. In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI. Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution. Their stocks just may be the key to AI 2.0.

What's Going On With Oklo Stock Tuesday?

Oklo Inc. (NYSE:OKLO) shares are moving lower on Tuesday, pulling back from a recent surge in which several nuclear stocks rallied for multiple trading sessions. Despite the pullback, Oklo shares are still up approximately 175% over the past month. Here's what you need to know.

Dogecoin Up 79% In A Month, Nears $0.20 With 'Beautiful Bounce From Key Levels,' Analysts Say

Dogecoin (CRYPTO: DOGE) is up 79% over the past 30 days, with analysts predicting its uptrend to continue for the foreseeable future.

November 18th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on November 18th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service