Jeff Immelt tells Jim Cramer GE is everything Trump’s looking for: an American company that exports goods around the globe. In his second “Executive Decision” segment, Cramer sat down with Jeff Immelt, chairman and CEO of General Electric , which delivered in-line earnings and weak revenues when it reported on Jan 20. Shares of GE are down 6.7% for the year.
Category: TheStreetcom
Take-Two Interactive: Cramer’s Top Takeaways
In his first “Executive Decision” segment, Cramer again sat down with Strauss Zelnick, chairman and CEO of game maker Take-Two Interactive , the stock of which has risen 216% since Zelnick’s first appearance on the show. Zelnick said that “Grand Theft Auto” continues to be a powerhouse property for Take-Two, and the game’s latest installment, GTA 5, has sold over 75 million units so far.
Coty Says It Will Add First Woman Board Member by July
Fragrance and cosmetics company Coty will soon be adding a woman to its board of directors, reducing the number of S&P 500 companies without women in the boardroom to four. Fragrance and cosmetics company Coty said it will add a woman to its board of directors by July, reducing the number of S&P 500 companies without women in the boardroom to four.
Is It the Magic of Trump or Just Investors Blinded by a Happy New Year? -ICYMI
Macy’s said Wednesday it will close 68 stores by early spring. Macy’s flagship store in Herald Square in New York City is pictured above circa 1895.
Apple Turns 40 With Little Fanfare as March to Dow 20K Resumes: ICYMI
Indexes ended Tuesday in the green across the board as Trump continued to nominate advisers to his cabinet and Tweet his heart out sending a handful of stocks into disarray. On Jan. 3, 1977, the Apple Computer Corp. is incorporated.
What to Watch: Expect More Boards to Add Activist-Backed Directors in 2017
Look for few large-cap acquisition targets, many small capitalization fights and a lot of insurgent-driven M&A in 2017. In October, the large and influential money manager State Street Global Advisors issued a warning to companies and activists for 2017: Consider very carefully the interests of long-term investors when entering settlements with insurgent funds.