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Later, 12:19 p.m. CT: Micron hits a 52-week high.
Original Post
Cramer's first hour:
- All about Corning today?
- Cramer meets Tim Cook in Harrodsburg, Kentucky! Exclusive by CNBC.
- with all the news going on in the investing world, David Faber is absolutely fascinated with the Ellisons, Paramount Skydance, and Warner Bros Discovery.
- Cramer has so much to offer, and David Faber spends
first 30 minutes of Cramer's first hour on Paramount -- wow, it gets
tedious.
- again, CNBC seems to concentrate on about 20 stocks, day-in, day-out
- second company after Corning, Apple that Cramer mentions: Micron.
- back to Corning: what most jumped out at me: the factory has no humans working in it; the Corning CEO, Tim Cook, and Jim Cramer live -- with not one human working in this factory. oh, there I just saw one human way in the background
- mentions Ceramic Shield; glass front and back; currently iPhone Air only but eventually all iPhones; simply waiting for Corning being able to catch up -- now, we're starting to see a few humans walking aimlessly around the facility
- Corning up huge in early trading: up almost 3%
- Faber mentions in passing: Trump's ICE raid on Hyundai factory in Georgia
- I have no problem with that ICE raid
- there are legal ways to high legal workers, including foreign workers, to work in these facilities
- take the "opposing" view -- would South Korea have allowed / looked the other way if 500 Americans were illegally working in South Korea; what about China? what about Germany?
- now, incredibly, David Faber now goes back to the Paramount deal. Wow, he is obsessed with this one deal; "Cramer's First Hour" devoted almost entirely to Paramount when Cramer was filming an exclusive with Tim Cook (Apple) and Corning.
- again, CNBC will do anything to take Apple out of the picture
- finally, CNBC closes Cramer's first hour with Jim Cramer and Tim Cook
Apple's "Ceramic Shield":
Apple's "Ceramic Shield" is a toughened glass-ceramic material, first introduced on the iPhone 12, that is embedded with ceramic nanocrystals to create a harder, more durable surface with significantly better drop performance than previous iPhones. The small size of these crystals, which are smaller than the wavelength of light, maintains the material's transparency while enhancing its structural integrity to resist cracks and scratches.
Absolutely not expected this morning. The Cramer effect?
Now, we move to the Eisen Hour: first up -- Jeremy Siegel. Wisdom Tree / Wharton School of Business. Remains bullish.
Rick Santelli: economic numbers -- consumer sentiment -- down a bit. No one care.
Holy mackerel: SCCO up another $1.75.
I have to laugh: some talking heads suggest a cut of 50 basis points will scare the market. Are you kidding me?!?!
The market would love a 50-basis point cut. In fact, it's very possible, anything less than a 50-basis point cut and the market will plummet. "Everybody" has been calling for a 50-basis point cut for the past year. Later: this meme, that the 50-basis-point cut would scare the market was repeated by a talking head on the "Halftime Report" on CNBC was reiterated. LOL. The professionals might think its scary but the mom-and-pop retail investor would love it. Having said that, data (from ChatGPT) suggests we're not going to see consecutive 50-basis-point cuts, but a 50-basis-point-cut next week is possible but getting less and less likely with each passing day. You know that Lisa Cook will vote against a cut just to piss off Trump. LOL.
Holy mackerel! AAPL just popped $2.50. Completely unexpected. Comes on heels of Apple-Tim-Cook-Jim-Cramer segment on first segment. This jump despite markets being negative / flat.
Eisen Hour continues:
- now, Faber brings up Paramount again, gets tedious.
- ten points from 6,600 at the S&P.
David Faber: back to the Ellisons, Paramount and WBD. Wow, for CNBC today, it's all about Paramount. WBD recently sold for a little as $6. Currently, $18 with lots of hype. Whispered price for Ellisons to pay for WBD: low- to mid-20s. Wow. At current price, PSKY market cap about $8 billion; WBD: about $44 billion. Ellison is big friend of Trump and vice versa.
Apple now jumps $4.00! Completely unexpected. Early read on iPhone pre-orders though there may be setbacks in China. Folks have to realize how bullish this is; the "setbacks" in China absolutely necessary. Counterintuitive but I'm right on this.
Most obnoxious commercial now airing on CNBC: public.com. I enjoyed the GoDaddy commercials for awhile but now they've become overbearing.
NASDAQ hits a new record high!
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Disclaimer
Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
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there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.
