Jim Cramer

Masroor Alam

Jim Cramer believes there is always a bull market somewhere, and he wants to help you find it. He is the host of CNBC’s “Mad Money,” (M-F, 6PM ET) featuring lively guest interviews, viewer calls, and most importantly, the unmatched, fiery opinions of Cramer himself. He serves as the viewer’s personal guide through the confusing jungle of Wall Street investing—navigating through both opportunities and pitfalls with one goal in mind—to help them make money.

Jim Carmer

Cramer is also co-anchor of the 9 a.m. ET hour of CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) and the founder of TheStreet, a multimedia provider of financial commentary.

He graduated from Harvard College where he was president and editor-in-chief of the prestigious daily, The Harvard Crimson. After graduation, he became a reporter for the Tallahassee Democrat and later for the Los Angeles Herald-Examiner, where he covered stories ranging from homicides to sporting events.

Cramer is a former hedge fund manager and founder/owner and senior partner of Cramer Berkowitz. His compounded rate of return was 24 percent after all fees for 14 years at Cramer Berkowitz. He retired from his hedge fund in 2001, where he finished with one of the best records in the business, including having 36 percent-plus years in 2000.

He helped Steve Brill launch American Lawyer magazine before attending Harvard Law School and earning a law degree. Upon graduating and passing the New York State Bar Examination and being admitted to N.Y. State Bar, Cramer joined Goldman Sachs in sales and trading. While at Goldman, Cramer wrote for The New Republic about stock market issues.

In December 2013, he published the book, “Jim Cramer’s Get Rich Carefully,” in which he creates a guide to high-yield, low-risk investing. Cramer is also the author of “Jim Cramer’s Getting Back to Even,” “Stay Mad for Life: Get Rich, Stay Rich,” “Mad Money: Watch TV, Get Rich,” “Jim Cramer’s RealMoney” and “Confessions of a Street Addict.”

Follow Jim Cramer on Twitter @jimcramer.

Tech Stocks Roundup: Cramer Likes Zoom, Salesforce

Earnings reports fueled gains for shares of Salesforce and Snowflake this week, the Nasdaq closed at a new high Friday, and there's more news for Apple, Microsoft, Zoom and other tech stocks. 

The Nasdaq and S&P 500 closed at record highs Friday after Federal Reserve Chairman Jerome Powell said the central bank gradually could begin pulling back on stimulus this year because the economy has met the Fed's criteria on progress in inflation and employment.

Salesforce  (CRM) - Get salesforce.com, inc. Report stock climbed 4% this week after the company reported a jump in quarterly sales. Analysts at Piper Sandler raised their price target on the business-software stock to $280 a share following the results.

During an Executive Decision segment on his Mad Money TV show, Jim Cramer spoke with Salesforce Chairman and CEO Marc Benioff. Benioff said Salesforce had another terrific quarter that included a 23% rise in revenue and saw the addition of new customers like Ikea and insurance giant Geico. Salesforce also expanded its gross margins and saw solid cash flow improvements according to Benioff.

Benioff told Cramer that new clients like IKEA are undergoing digital transformations that require tools like sales, service, commerce, and marketing clouds, all of which will soon be integrated with Slack  (WORK) - Get Slack Technologies, Inc. Class A Report to ease communications.

Cramer told Action Alerts PLUS senior analyst Jeff Marks that it was another inflection quarter for Salesforce as the cloud software company integrated its Slack acquisition to its broader business. 

"What I really loved about Salesforce is that he [Benioff] talked about unicorns...he mentioned all of the different companies within the company that is doing so well. They've all lined up -- Slack has lined up with Zoom  (ZM) - Get Zoom Video Communications (ZM) Report, which has lined up with Snowflake  (SNOW) - Get SNOWFLAKE, INC. Report to create a seamless enterprise augmenter... this is more augment than replace. Salesforce is at the heart of it," said Cramer. 

"It's the largest venture capitalist in the valley. And he [Benioff] is one of the reasons why Robinhood  (HOOD) - Get Robinhood Report is able to pull itself together and retain customers...he is a real mentor to Vladimir Tenev," Cramer added.  

Cramer also had strong opinions on Facebook's  (FB) - Get Facebook, Inc. Class A Report Horizon Workrooms, a newly-revealed virtual reality-powered experience aimed at allowing better collaboration among remote workforces.

Cramer called Horizon a 'primitive' version of Nvidia's metaverse. Jim Cramer said if you're really looking for dominance in the metaverse, turn your attention to Nvidia  (NVDA) - Get NVIDIA Corporation Report.

"The way we work is changing. More people are working remotely, more people want flexible work options, and more people are re-thinking what it means to be in an office," Facebook said in a statement.

The reveal followed CEO Mark Zuckerberg's touting of the metaverse as a key part of the future of Facebook. The company is clearly entering its next frontier and, last month, Cramer explained what Metaverse means for Facebook.


Apple  (AAPL) - Get Apple Inc. (AAPL) Report said that it would halve, to 15%, its commission on first-year in-app subscriptions for eligible news publishers who are part of the Apple News service. The change comes after massive criticism of Apple’s current 30% fee from customers, app developers and regulators. “Apple today introduced the News Partner Program, a new slate of initiatives to expand Apple’s work with and support for journalism,” the company said. 

In July, Cramer explained how he approaches Apple stock differently from fellow tech giant Nvidia, the semiconductor maker.

TheStreet Quant Ratings rates Apple as a Buy with a rating score of A.


Snowflake stock jumped Thursday after the data-analytics software company reported mixed second-quarter results and analysts raised their price targets. The company posted a net loss of 64 cents a share on revenue of $272.2 million. Analysts polled by FactSet were expecting a net loss of 15 cents a share on revenue of $256.1 million.
Last week, Snowflake saw its biggest intraday decline since March after Cleveland Research in a report said signings growth slowed from the first quarter, while consumption growth was likely similar, at best, to first-quarter levels.


Salesforce  (CRM) - Get salesforce.com, inc. The report rose this past week after analysts praised the customer-relationship-management-software company's stronger-than-expected second-quarter results. Barclays analyst Raimo Lenschow raised his price target for Salesforce to $320 from $291 while affirming his overweight rating.

J.P. Morgan analyst Mark Murphy kept his overweight rating on Salesforce, which closed its purchase of business-communications platform Slack last month while raising his price target to $310 from $250. And, Stifel analyst J. Parker Lane kept his buy rating on Salesforce while raising his price target to $315 from $295


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