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Cramer Shares His Thoughts On Kodak, Apple And More

Craig Jones
·1 min read

On CNBC's "Mad Money Lightning Round," Jim Cramer said he would wait for Corsair Gaming Inc (NASDAQ: CRSR) to come down because it has doubled.

Cramer doesn't want to fight Michael Saler on MicroStrategy Incorporated (NASDAQ: MSTR). He is willing to bless the idea for traders who are looking for a Bitcoin derivative trade.

Molecular engineering is the way of the future, said Cramer. He is not going to get in the way of Pacific Biosciences of California Inc (NASDAQ: PACB).

Cramer would be careful with Nano-X Imaging Ltd (NASDAQ: NNOX).

Fiat Chrysler Automobiles NV (NYSE: FCAU) is a buy, thinks Cramer.

Cramer doesn't like Eastman Kodak Company (NYSE: KODK). He would sell it.

Cramer would own Apple Inc (NASDAQ: AAPL). He would not trade it.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Wish utilizes data science to drive all aspects of its business from user acquisition to pricing to logistics, which helps the company stay nimble and should drive greater global scale over time. We expect Wish to deliver more consistent 20s%+ growth over the next couple years…”To this end, Anmuth rates WISH an Overweight (i.e. Buy), and his $30 price target implies a 43% upside potential for the next 12 months. (To watch Anmuth’s track record, click here)Wall Street is quite positive on this 'Moderate Buy' stock: WISH has received 8 'buy' and 4 'hold' ratings in the last three months. Running the numbers across the Street, the 12-month average price target lands at $26, representing about 24% upside potential. (See WISH stock analysis on TipRanks)Passage Bio (PASG)The second JPM pick we’re looking at is Passage Bio, a genetic medicines company. 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(See PASG stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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  • Exclusive: Indian automaker Mahindra cuts over half of North America workforce - sources

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  • Here's What it Took to Help My Millennial Colleague Plan Her Million-Dollar Nest Egg

    I'm a nosy person, so I elbowed my millennial colleague, Jessa, in the next cube over, and asked her, "Pssst... How much do you save for retirement per year?"Instead of ignoring me, she furtively Slacked me all of her financial details (it was like a giant ice cream sundae for a finance nerd): * Jessa, at 28, still owes $15,000 in student loans, and her husband, who is 30, still owes $20,000. * They owe $12,000 on their car loans. * Jessa and her husband have a $200,000 mortgage. * She currently saves $0 toward her retirement plan. (Sorry, but that's not enough, friend.) * She and her husband need help from Facet Wealth -- a virtual full-service financial planning service with dedicated certified financial planners.According to a survey by Bank of America, a surprising 16% of millennials between the ages of 24 and 38 now have at least $100,000 saved for retirement.Whooo hooo! That's cause for celebration. But what about Jessa? What does she need to do to get out of debt and save enough for retirement?Why Millennials Struggle to Save for Retirement Why do millennials like Jessa struggle to save for retirement? 1. Housing costs: The No. 1 response (37%) for millennials is the cost of housing, according to the Retirement Pulse Survey. 2. Supporting family members financially: Millennials often support extended family members with their income. This doesn't even involve the amount you need to save to put kids through college -- remember, financial aid doesn't cover everything. 3. Not enough income: The State of Our Money shares that more than half of millennials (55%) don't have a retirement savings account, such as a 401(k) or IRA. About 46% said unemployment was to blame. 4. Student loan debt: As of September 2017, the average graduate from the class of 2016 owed more than $37,000 in student loan debt, according to Student Loan Hero. "Yep, yep and yep," she said, when I showed her these numbers. "We hit three of these four categories. I just can't afford to put money in my retirement account right now."What My Millennial Colleague Needs to Do -- and Here's What You Can Do, Too! Feel like the percentages stack against you? Here's what to do next.Tip 1: Analyze interest rates. As soon as I said the words "interest rate," Jessa flopped over in her desk chair and pretended to fall asleep.I knew Jessa and her husband refinanced their home this past fall, and I asked her about their interest rates. She was paying only 3% on their home and student loans. I suggested asking Facet Wealth if they should invest in retirement more aggressively than pay down debt on their loans. (It's what I would vote for!) On the flip side, if you have high interest rates on your own student loans, I'd suggest asking Facet Wealth about paying off debt if your loans carry a higher rate than your investments earn before taxes. Tip 2: Consolidate those student loans -- but there's a catch. Consider consolidating student loan payments only if you can lower your payment without stretching out your loan term. In Jessa's case, she could use the extra money to start compounding her retirement savings.Tip 3: Get cracking on that retirement plan. Jessa must save at least 10% of her income. It's the rule of thumb cited by most financial advisors and other money experts. If Jessa doesn't want to struggle to keep her head above water after retirement, she needs to invest 10% of her income each year. And none of this "invest just enough to get the employer match" crap. In most cases, that's not enough retirement savings for most people and it won't scratch the surface toward creating a hefty nest egg. Tip 4: To get really rich, invest at least 15%. If Jessa wants to get really rich as a passive investor, she'll invest at least 15% of her income. She won't get Warren Buffett rich, of course, but if she wants at least $1 million in liquid assets beyond her home value, she'll shoot for saving 15%.That goes for anyone who invests for retirement. Tip 5: Never, ever borrow from your retirement plan. You can lend yourself money from your retirement account, but it's not a good idea. Jessa's retirement plan is off limits, and so is yours. Assume that money is in lockdown. Period.Why? * You lose compounded growth on your earnings. * You repay the loan with after-tax money, which means the interest you pay will get taxed again when you withdraw it at retirement (unless you borrow from a Roth 401(k). * If you leave your job, you'll have to repay the loan, typically within 60 days of leaving. If you can't, you'll owe taxes on the balance and a 10% penalty as well if you're under 55.You don't want to mess with all that.Tip 5: Take time to review what options are best for you. Once you've got retirement savings under control, you may want to take a look at other potential opportunities. Maybe Jessa and her husband want to dive into real estate investing or get cracking on several side hustles. Whatever it is, she needs to make sure it's worth her time and energy and can contribute toward her long-term goals.Tip 6: Do your own research. Jessa is a proud graduate of a liberal arts college, which means she's a lifelong learner. Here's another thing she'll do to maximize her success: She'll read everything she can get her hands on. She'll research funds and options within her 401(k), read investing books, books about real estate, articles about destroying debt and more. She'll absorb blog posts, listen to podcasts and develop her own investing philosophy. She'll be her own advocate when it comes to her own needs, risk tolerance and more, and you can, too.How Much Retirement Money Should You Aim to Save? Jessa is 28, but millennials span a wide range of ages -- from 24 to 38. Check out the rules of thumb for savings at each age.Savings Goal for Your 20s Accumulate 25% of your overall gross pay during your twenties. You might need to lower this amount if you've amassed a giant amount of student loan debt. Savings Goal for Your 30s Have at least one year of salary saved by the time you turn 30. If Jessa makes $100,000, she should have $100,000 saved. Savings Goal for Ages 35 to 40 Those of you on the mid-thirties end of the millennial spectrum should have double your annual salary saved. You should have four times your yearly salary saved if you're 40. Steps to Get There If she's serious about getting out of debt and saving enough for retirement, Jessa must do these three things.Step 1: Get started. This article won't help -- if she (or you) do nothing about it. You must take action if you truly want to save enough and get out of debt. It takes time and discipline and not even very much money per month (depending on your age).Step 2: Invest aggressively, automatically. Two facts: * If you start at 24, you can have $1 million at age 69. All you need to do is save $35 per month -- and get a 10% return on your investments. Save more, and you'll become a millionaire more quickly. * If you start at 40, you can save $1 million by saving $561 per month, assuming a 10% return. I informed Jessa that since she has $0 saved for retirement at this point, she can start saving at least $158.15 per month for 40 years with a 10% return and still be able to become a millionaire.$158.15 -- that's the cost of a pair of new shoes each month, I informed her. Get Facet Wealth on Your Side Nobody ever says, "Be your own doctor." Why would you assume, then, that you should be your own financial advisor (unless you're a financial analyst or advisor)?You need Facet Wealth, which can help you achieve a more prosperous life by helping you work with a dedicated CFP® Professional at an affordable price.Jessa informed me that she'd signed up for our company retirement plan and also made a plan for getting out of debt the very next day.I bought her a cupcake and set it on her desk. It was cause for celebration.See more from Benzinga * Click here for options trades from Benzinga * 8 Must-Know Tips for Getting a Background Check on Your Work-from-Home Employee * 2021 Crypto Preview: Here's What's Coming Next(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Manhattan-based Signature Bank, a mere 10-minute walk down Fifth Avenue from Trump Tower, announced it’s closing Trump accounts holding about $5.3 million.Then on Tuesday, Professional Bank, which once gave him an $11 million mortgage, said it won’t do more deals with the Trump Organization and “will be winding down the relationship effective immediately.”Eric Trump, one of the president’s sons running the family business while his father is in the White House, didn’t respond to a request for comment.With New York City joining an onslaught of companies and entities looking to pull back from doing business with Trump after he encouraged a mob of supporters to storm the Capitol, here’s a look at the firms that provide him with credit or hold his money, and what they have said about those ties:Capital OneThe firm known for its credit cards holds as much as $75 million of Trump’s money across four checking and savings accounts, mostly for his revocable trust, according to the president’s July 31 financial disclosure form. Capital One paid Trump and his trust as much as $2 million in interest the prior year. Until recently the bank had a branch next to a Trump condominium building at Park Avenue and 59th Street in Manhattan. Some Twitter users have posted that they’ll close their accounts with the bank if it doesn’t take action against Trump. “As a matter of policy we do not discuss current or former customer relationships,” the bank said in a statement issued by a spokesperson.JPMorgan ChaseThe biggest U.S. bank holds as much as $6 million across three accounts for the president, mostly in a savings account established by his father, Fred, for Trump’s benefit, filings show. JPMorgan paid Trump as much as $17,500 in interest for the year. “We’re going to decline to comment,” said bank spokesperson Amy Bonitatibus.BankUnited Inc.The Florida-based bank holds as much as $25.25 million across two money-market accounts for Trump, filings show. The vast majority of that is in an account for the Donald J. Trump Revocable Trust. The bank paid Trump as much as $102,500 in interest for 2019. Trump’s commerce secretary, Wilbur Ross, was once part of an investor group that purchased BankUnited in the aftermath of the financial crisis. It later became a publicly traded company. The bank’s representatives didn’t respond to a message seeking comment.First Republic BankTrump had as much as $50,000 in a checking account at the California-based lender as of July 31, filings show. “There was a single account, which was inactive and is closed,” First Republic said in a statement provided by external spokesperson Greg Berardi. He declined to specify the timing or otherwise elaborate.Ladder CapitalThe nonbank lender specializing in commercial real estate loaned Trump $282 million from 2012 to 2016 for four Manhattan properties, according to city records and Trump’s personal financial disclosure. The loans, backed by property including his towers at 40 Wall St. and on Fifth Avenue, were bundled into securities and sold to investors. Jack Weisselberg, a loan-origination executive at Ladder, declined to comment, and there was no response to messages sent to other executives. He’s the son of Allen Weisselberg, the Trump Organization’s longtime chief financial officer who previously worked for Fred Trump.Deutsche BankTrump borrowed $125 million from Deutsche Bank in 2012 for the Trump National Doral Miami resort, according to county records and Trump’s personal financial disclosure. The variable-rate debt, which is pegged either to Libor or the Prime rate, matures in 2023. He also borrowed $170 million for the Trump International Hotel in Washington in 2015 and has another 2012 loan from the German lender against his hotel/condo tower in Chicago. Both of those variable-rate loans come due in 2024. A Deutsche Bank spokesperson declined to comment.Signature BankMost of the $5.3 million that Trump had in checking and money-market accounts at Signature was held for Trump’s revocable trust, according to Trump’s personal financial disclosure. The bank paid him as much as $105,000 in interest the prior year. His daughter, Ivanka, once served on Signature’s board of directors. “We believe the appropriate action would be the resignation of the president of the United States, which is in the best interests of our nation and the American people,” the bank said in a statement.Professional BankThe Florida-based bank held as much as $25 million in a money market account for Trump’s revocable trust, paying as much as $1 million in interest for the year, according to the July filing. The bank only recently established a relationship with Trump: In 2018 it provided a mortgage for Trump’s $18 million purchase of his sister’s home in Palm Beach across the street from his Mar-a-Lago club. The $11 million loan carries a 4.5% interest rate and matures in 2048, according to county records and Trump’s personal financial disclosure.‘Under-Leveraged’Eric Trump has described the Trump Organization as a profitable company that’s able to partner with anyone it wants.“We are one of the most under-leveraged real estate companies in the country,” he told Bloomberg in 2019. “Virtually all of our assets are owned free and clear, and the very few that do have mortgages are a small fraction relative to the value of the asset.”Despite Donald Trump’s past conflicts with the financial industry -- he’s defaulted on loans, his companies have filed for bankruptcy and he has a penchant for suing people and organizations who don’t bend to his will -- there’s been no shortage of firms willing to provide him capital or hold his money.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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    (Bloomberg) -- A rush of short covering and day trading fueled a record stock surge for GameStop Corp. just days after the addition of activist investor and Chewy Inc. co-founder Ryan Cohen to the video-game retailer’s board.The Grapevine, Texas-based company spiked a record 94% Wednesday as retail investors flocked to the struggling company. Traders betting on Cohen’s plans to transform the chain in the image of his highly successful Chewy helped fuel the now three-day rally with the stock shaking off years of underperformance.GameStop shares have climbed as much as 118% in the three days since news of Cohen’s addition to the board and reached the highest price since November 2015. Short interest in GameStop remains near recent highs, with 138% of shares available for trading currently sold short, data compiled by S3 Partners shows.Cohen’s spot on the board, along with two other former Chewy colleagues, was well-received by Wall Street analysts, with Telsey’s Joseph Feldman in a Tuesday note saying the trio will “make GameStop a more digitally focused retailer.”“There is a GameStop short squeeze, but no the squeeze is not the major force behind the price move,” Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said by email. “This is much like the chicken and egg question -- did long buying lead to short covering/squeeze or short covering/squeeze lead to long buying?”Options volume surged in the retailer on Wednesday with total call volume jumping to over four times its 20-day average, led by the January $40 calls. Those contracts, set to expire on Friday, traded at an average price of $2.57 with 59% changing hands on the mid or offer side. Total call volume was outpacing put volume by a rate of 2-to-1 by noon New York time on Wednesday.(Updates with shares in second and third paragraphs, analyst comment and options trading in final two paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.