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Business

Jim Cramer says he likes these 5 Nasdaq stocks for 2023

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CNBC’s Jim Cramer on Thursday gave investors a list of stocks that he believes could be worthwhile additions to investors’ portfolios.

All of his picks are listed in the Nasdaq Composite. While the index is heavy with tech stocks that were hammered last year, there are still names that could perform well even in a recessionary environment, according to Cramer.

“In an index that’s been folded, spindled and mutilated, I am still feeling good about a few of these stocks,” he said.

Here are his picks:

T-Mobile

  • Cramer said that he expects the company to continue taking market share from competitors.

Regeneron Pharmaceuticals

  • “Regeneron’s got a broad pipeline with a ridiculously cheap stock. I think it’s a really, really excellent situation, especially if you’re expecting a severe recession,” he said.

PepsiCo

  • The beverage giant rivals Procter & Gamble when it comes to the best consumer packaged goods company in the U.S., he said, though he acknowledged that the stock’s valuation is a bit higher than he would like.

American Electric Power

  • Cramer said that he likes the stock because the company is well-run, and utility stocks tend to perform well during economic slowdowns.

Dollar Tree

  • While he does like the stock compared to other retailers listed on the Nasdaq, Cramer said that he still prefers TJX Companies.

Disclaimer: Cramer’s Charitable Trust owns shares of TJX Companies.

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Business

Market veteran reveals how he is positioning for upcoming bull market

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Business

Top stock picks for the second half of 2022

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Technology

Speed, 5G, only $429, but old look

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Apple iPhone SE 2022

Todd Haselton | CNBC

Apple’s new $429 iPhone SE launches Friday.

I’ve been testing it for the past several days, and it’s a good option for people who just need an iPhone without all the fancy stuff you’ll pay for on the iPhone 13, such as a nicer screen and better cameras.

The iPhone SE is $30 more than the identically named model that launched in 2020 for $399. It offers more than that model, including support for faster 5G cellular, stronger glass, and the same high-speed processor that appears in the more expensive iPhone 13 (which starts at $699 for the Mini model). But it seems inflation and supply chain constraints could also be playing a role. I think Apple could really have boosted the appeal by dropping the price a bit, considering consumers are getting squeezed everywhere else right now, from the grocery store to the gas pump.

The iPhone SE isn’t as popular as Apple’s other phones. According to Counterpoint Research, the 2020 version of the iPhone SE accounted for 12% of all iPhone sales from its launch until Q4 2021. The addition of 5G, however, could make it a compelling option in international markets such as Europe and China where Apple didn’t yet have a low-priced 5G phone to compete with budget Android devices. 

Here’s what you need to know about it.

What’s good

Apple iPhone SE 2022

Todd Haselton | CNBC

Apple’s strategy for the iPhone SE is to take the same body and screen from older phone models to save on costs, while adding in the latest processor and cellular chip to keep it up to date. That means it can still run all the latest games and apps that you’d expect from any new iPhone — I played Disney’s Melee Mania, for example — without any slowdown that you might otherwise see in a phone that’s a few years old.

It’s got the same body design as the iPhone 8 from 2017, which looks a bit out of date but also means it’s the only iPhone you can still buy with a fingerprint-reading home button instead of Apple’s Face ID unlock system, which is only now getting support for face masks.

I love the size. I normally carry Apple’s much bigger iPhone 13 Pro Max, which feels a bit like a brick next to the iPhone SE. I’d turn to the iPhone SE to toss in my pocket for a run, and it was a lot easier to use to watch movies with one hand  while lying down without worrying about it dropping on my face. The stereo speakers are good, too. But if you have the budget, the iPhone 13 Mini is the same size with a way better screen, slightly longer battery life, and nicer cameras. 

Apple iPhone SE 2022

Todd Haselton | CNBC

The 5G works well, too. It doesn’t support some of the fastest mmWave networks that other iPhone and Android devices can, but those networks aren’t widely available anyway. More importantly, it does support the new C-band networks that are being rolled out by Verizon and AT&T, as well as T-Mobile’s solid nationwide 5G network. So, while 5G still isn’t a must-have for most people, it’s great if you need to download a big playlist or a couple of TV shows before you hop on a flight. In my tests, T-Mobile’s 5G network hit about 300Mbps at home, which was faster than my Wi-Fi in parts of my house. 

The camera captures rich colors.

Todd Haselton | CNBC

The camera is good but it’s definitely one area where you can feel the cost savings. It’s got the same lens as the 2020 model but still takes slightly better pictures thanks to the image signal processor that comes with the latest A15 chip. Portrait shots, which nicely blur the background of your subject, can be taken of people, but it doesn’t detect pets for those images. There’s no night mode, which means shots taken in the dark aren’t as clear as they are on Apple’s more expensive phones. But it took nice, clean shots and did a good job capturing the deep reds of some tulips. The front-facing camera is solid for selfies with nice color and tone balance.

My dog Mabel

Todd Haselton | CNBC

Finally, while it’s not as water-resistant as Apple’s other iPhones, it can still survive a dunk in the bath or a spill without any worry, and has the same strong glass as other iPhones to help prevent shattering if you drop it. It doesn’t feel cheap like some low-cost Android phones, which often use plastic instead of glass and metal. 

What’s bad

Apple iPhone SE 2022

Todd Haselton | CNBC

The iPhone SE isn’t really made for power users, and that shows in the battery life. It’ll get you through a day if you’re making phone calls and surfing the web, but don’t expect it to last all day if you’re doing a ton of gaming or more processor-intensive tasks. 

It looks the same as the iPhone SE from 2020, which looked the same as the iPhone 8 from 2017. It does look dated, and there are lots of phones with nicer screens that reach the top and bottom of the phone. 

The screen is adequate, but won’t wow you like the brighter and faster screens on Apple’s more expensive phones.

I like that it supports wireless charging if you have a Qi charging pad around the house, but it doesn’t support Apple’s newer MagSafe pucks, which magnetically attach to the back of the phone and charge even faster wirelessly. 

Finally, while most people looking for a budget phone are probably fine with 64GB of storage, I recommend spending $479 for the model with 128GB if you plan to download and save more apps, movies and games. 

Should you buy it?

Apple iPhone SE 2022

Todd Haselton | CNBC

People always ask me what iPhone they should buy. My response is usually to ask another question: What do you want to do with it?

If you just need an iPhone that can run every app and the latest software, then the iPhone SE is a great buy for the price. It’s a huge upgrade for folks coming from similar devices, like the old iPhone 8. It’s also a great first phone for teens — these days, a lot of kids get their first phone when they’re in middle school.

But if you have a bigger budget, I still think the best phones for most people are the $799 iPhone 13, or the smaller $699 iPhone 13 Mini if you like that size. You can unlock those phones with your face, they have nicer screens, they take better pictures, and they have better battery life.

If you want to go all-out with the smoothest, brightest screen and nicer stainless steel materials, then the iPhone 13 Pro models are your best bet. 

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Business

Tequila could overtake vodka as America’s top liquor as sales boom

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An employee pours tequila into the popular Mountain Dew Baja Blast frozen drink at the new Taco Bell Cantina in Brookline, MA.

John Tlumacki | Boston Globe | Getty Images

Tequila could soon overtake vodka as America’s favorite liquor, fueled by consumers’ desire for pricey bottles of agave-based spirits.

Tequila and mezcal was the second-fastest growing spirits category in 2021, trailing only premixed cocktails. Agave-based spirits saw sales climb 30.1% compared with the prior year to $5.2 billion, according to the Distilled Spirits Council of the U.S.

It was also the second-largest category by revenue behind No. 1 vodka, which has been the top-selling spirit in the U.S. since the 1970s. At $7.3 billion in revenue, vodka is still selling roughly $2 billion more annually than tequila and mezcal, but agave-based spirits could be on track to outstrip it in just a few years.

For more evidence of the trend, look no further than casinos. Julian Cox, renowned bartender and executive director of beverage and corporate mixologist for MGM Resorts International, said total sales of vodka and tequila are running neck and neck at the hospitality giant.

“Nobody could believe it,” he said.

Using volume as a measure, vodka still remains king. According to DISCUS, the liquor sold 78.1 million cases in 2021, more than double the volume of the next category: premixed cocktails. Tequila and mezcal scored a distant fourth at 26.8 million cases.

High-end tequilas are helping drive growth for the category, according to Christine LoCascio, DISCUS chief of public policy.

“It’s not just for margaritas,” LoCascio said at the trade group’s annual economic briefing on Thursday. “There are so many high-end tequilas that you can sip and savor like many other high-end products, like whiskeys and cognacs and bourbons and high-end rums as well.”

Diageo CEO Ivan Menezes echoed that sentiment on the company’s recent earnings call. The distiller owns two upscale tequila brands: Don Julio and Casamigos.

“The category’s appeal across demographics is significant,” he said. “It has crossed over. The multicultural growth is very strong. It cuts across age segments, it cuts across gender, it cuts across dayparts, the occasion and the nature of drinks. It’s not just shots and margaritas as it used to be many years ago.”

The Crown Royal owner is forecasting that tequila sales will expand faster than the broader spirits industry for the next five to 10 years. In the first half of its fiscal 2022, it saw tequila sales surge 56% over the year-earlier period.

Tequila is also helping the spirits industry steal customers from beer. Tony Abou-Ganim, celebrity mixologist and author of “Vodka Distilled,” created the beverage programs for T-Mobile Arena and Allegiant Stadium, both in Las Vegas. The sports venues have margaritas on the menu, made with fresh ingredients and 100% agave tequila.

“A lot of people think when they go to an arena or stadium, ‘I’m just going to drink beer,’ and our feeling was, if we put a better margarita in their hands, they’re going to buy margaritas. And that’s proven to be the case,” Abou-Ganim said.

DISCUS’s LoCascio also acknowledged that high-profile celebrity launches have helped draw attention to the category.

A host of celebrities have rolled out their own tequila and mezcal brands, including both actor and former professional wrestler Dwayne Johnson and model Kendall Jenner last year. In addition to hopping on the agave bandwagon, they’re hoping to emulate the success of George Clooney’s Casamigos tequila, which was sold to Diageo for $1 billion in 2017. Last year, Constellation Brands invested in “Breaking Bad” co-stars Aaron Paul and Bryan Cranston’s Dos Hombres mezcal for an undisclosed amount.

Mezcal’s growth potential

About 98% of agave-based spirits’ $5.2 billion sales were from tequila, which is only made from the blue agave plant. Mezcal is a much broader label, applying to any spirit made using dozens of kinds of agave.

“[Mezcal] is growing, but it’s still a very small portion of that broader category,” LoCascio said.

MGM’s Cox is bullish on the future of mezcal, citing the wide variety of flavors and taste profiles. “Mezcal is like a flavor bomb,” he said. “For cocktail making, if you use it in the right medium, you’ve got a lot of flavor.”

Julian Cox

Source: MGM Resorts International

Once consumers try cocktails made with mezcal, the next step for category promoters is to introduce them to spirits made with all of the different kinds of agave.

Abou-Ganim said younger consumers are leading the charge, eager to expand their taste horizons. There’s a geographic element to its growth as well. Cox, who was previously based in Los Angeles but now works in Las Vegas, said most visitors to Sin City remain largely uninformed about mezcal.

Mezcal is seen as authentic to its roots and tradition, appealing to purists like Cox and Abou-Ganim. Mexico has placed regulations on what distillers can call mezcal, limiting production to certain states in the country. (Uncertified products can be sold in the U.S. labeled as “agave spirits.”)

“They can’t make a lot of mezcal, and that’s the beauty and the art of it,” said Abou-Ganim.

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Business

5G launch Wednesday caps years of hype, investment

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Workers install equipment on a 5G cell tower in Salt Lake City, Utah, U.S., on Tuesday, Jan. 11, 2022.

George Frey | Bloomberg | Getty Images

Verizon and AT&T turned on a major new part of their 5G networks Wednesday, the culmination of a yearslong process that saw both carriers invest billions in spectrum and equipment to upgrade their networks.

The networks that lit up on Wednesday are using wavelengths called C-band to cover a large part of the country with wireless service that should be noticeably faster than current 4G service.

Verizon says 90 million people will get access to the new 5G service this month in major cities including New York, Los Angeles and San Francisco. AT&T said it plans to cover as many as 75 million people with its C-band network by the end of the year.

The rollout brings to fruition major 5G investments from both carriers. Verizon spent $45.5 billion in a government auction last year to secure the rights to the wavelengths it’s using for its network. AT&T spent more than $23 billion. The carriers have since spent additional billions to actually build the networks and install equipment on cell towers.

“We’ve invested — just to get the spectrum, some $40-odd billion. And then we’ve also had to kick money into the kitty to help clear the spectrum. So you know, we’re looking upward of $53 billion,” Verizon CTO Kyle Malady told CNBC. Verizon will spend $10 billion over the next three years to continue building its network, he said.

The ‘Goldilocks band’

Some forms of 5G were already available to wireless subscribers in the U.S.

Verizon and AT&T already offer two classes of service they market as 5G. Low-band service covers large areas, but only at about the same speeds as before, while millimeter-wave service offers much higher speeds, but only over small areas, such as street corners or sports stadiums.

T-Mobile, the third major carrier, has offered “mid-band” 5G since 2020 using different spectrum on the 2.5GHz band it acquired when it bought Sprint. T-Mobile says its network covers 186 million people in the U.S.

But the C-band networks going online Wednesday are different. They use newly available wavelengths, between 2.7 and 3.98GHz, that are capable of both traveling long distances and carrying enough data to deliver faster internet connections.

The unique properties of these wavelengths led to their substantial price at auction, and they were often called the “Goldilocks band” in the industry because they are perfectly situated for 5G services.

“It’s excellent right down the middle. You have a great amount of bandwidth, it propagates well and it goes through buildings,” Malady said. “I give credit to the U.S. government, they put a lot of spectrum up for auction. This rarely comes along. And that’s why we were so aggressive in the auction to get this.”

The C-band networks were supposed to be turned on in December, but the rollout was delayed twice because of Federal Aviation Administration concerns that their wavelengths could interfere with tools pilots use to land safely.

Verizon and AT&T both said on Tuesday that they would delay launching the service near airports while the issues are resolved, but that their new networks would be turned on everywhere else.

“We are frustrated by the FAA’s inability to do what nearly 40 countries have done, which is to safely deploy 5G technology without disrupting aviation services, and we urge it do so in a timely manner,” an AT&T spokesperson said in a statement on Tuesday.

Now Verizon and AT&T will need to show that these investments can pay off in the form of better wireless service to encourage customers to opt for more expensive 5G plans and open new markets, such as households replacing cable internet access.

“Where’s the return on 5G investment?” asked Credit Suisse analysts last October. “The generational change from 4G to 5G has led to more capable wireless networks, but the benefits to operators seem less than hoped (and less than hyped.)”

“While 5G defensively helps networks keep up with traffic and consumer expectations, it is not the factor pulling consumers up operators’ tier lineup,” Credit Suisse analyst Douglas Mitchelson wrote.

Verizon announced earlier this month new plans that include 5G service with unlimited data. AT&T unlimited plans also include access to 5G service.

Look for the 5Guw or 5G+ symbol on your phone

Malady said that Verizon’s rollout could take as long as 12 hours as the network lights up from the East Coast to the West Coast.

People with compatible phones could see the network symbol at the top of their smartphone screen change Wednesday and access peak download speeds 10 times faster than an LTE network, according to the carriers.

For Verizon subscribers connecting to the new network, they will see “5Guw,” for 5G ultra-wideband. AT&T subscribers will see “5G+.”

Phones that can support the new network include Apple’s iPhone 12 and iPhone 13, newer Samsung Galaxy phones, and Google’s Pixel 6. Users will also need to be on a plan that includes 5G service.

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Business

Semiconductor shortage to be in focus yet again

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CNBC’s Jim Cramer on Friday looked ahead to next week’s of earnings reports, detailing for investors his key market events to keep an eye on.

The “Mad Money” host’s comments came after all three major U.S. equity indexes closed at record highs Friday, despite disappointing quarterly results a day earlier from market heavyweights Amazon and Apple.

All revenue and per-share earnings projections are based on FactSet estimates:

Mad Money with Jim Cramer

Monday: ON Semiconductor, NXP Semiconductors, Diamondback Energy and Clorox

On Semiconductor

  • Q3 results before the bell; conference call at 9 a.m. ET Monday
  • Projected EPS: 74 cents
  • Projected sales: $1.7 billion

NXP Semiconductors

  • Q3 results; conference call at 8 a.m. ET Tuesday
  • Projected EPS: $2.75
  • Projected sales: $ 2.85 billion

Both companies’ earnings will offer “a read on one of the biggest stories in this market, and that’s the semiconductor shortage,” Cramer said. “They do a lot of auto semis, and they’ve got exposure to many of the others areas where there are the biggest bottlenecks.”

Diamondback Energy

  • Q3 results after the close; conference call at 9 a.m. ET Tuesday
  • Projected EPS: $2.79
  • Projected revenue: $1.54 billion

Clorox

  • Q1 2022 results after the bell; conference call at 5:30 p.m. ET Monday
  • Projected EPS: $1.03
  • Projected revenue: $1.7 billion

“I hope for the best, but I am preparing for the worst,” Cramer said, noting the household products maker may not be able to pass through all of its higher commodity costs, possibly hurting margins.

Tuesday: Estee Lauder, DuPont, Pfizer, BP, Devon Energy, T-Mobile and Zillow

Estee Lauder

  • Q1 2022 results before the open; conference call at 9:30 a.m. ET Tuesday
  • Projected EPS: $1.70
  • Projected sales: $4.25 billion

DuPont

  • Q3 results before the bell; conference call at 8 a.m. ET Tuesday
  • Projected EPS: $1.12
  • Projected sales: $4.16 billion

Cramer’s charitable trust owns both Estee Lauder and DuPont. “I don’t expect them to have superb quarters. Fortunately, the expectations are low, though, so it won’t take much to produce an upside surprise that moves the stocks up,” he said.

Pfizer

  • Q3 results before the open; conference call at 10 a.m. ET
  • Projected EPS: $1.08
  • Projected revenue: $22.58 billion

“Unlike Moderna, Pfizer’s a lot more complicated than just a Covid vaccine story. See, they’re facing what’s known as a patent cliff next year,” Cramer said. “We need to know if the boosters, which cost a lot of money, … are going to cover the patent cliff.”

BP

  • Q3 results before the bell; conference call at 5 a.m. ET Tuesday
  • Projected EPS: £ 10.83
  • Projected revenue: £29.06 billion

Devon Energy

  • Q3 results after the close; conference call at 11 a.m. ET Wednesday
  • Projected EPS: 93 cents
  • Projected sales: $3.23 billion

T-Mobile

  • Q3 results after the close; conference call at 4:30 p.m. ET Tuesday
  • Projected EPS: 48 cents
  • Projected revenue: $20.22 billion

“The [telecommunications] industry has got a clear pecking order: T-Mobile for growth, Verizon for the dividend, and AT&T for nothing. Let’s see how many subscribers T-Mobile has been able to steal from its rivals when they report,” Cramer sad.

Zillow

  • Q3 after the close; conference call at 5 a.m. ET Tuesday
  • Projected EPS: 16 cents
  • Projected revenue: $2 billion

“They had to put the real estate flipping business on pause because the economics turned out against them, but what does that really mean? We’re going to find out on Tuesday,” Cramer said.

Wednesday: CVS Health, Humana, Marriott International, Wynn Resorts, Qualcomm and Etsy

CVS Health

  • Q3 results before the bell; conference call at 8 a.m. ET Wednesday
  • Projected EPS: $1.79
  • Projected revenue: $70.5 billion

“This stock’s been on a roll, bolstered by Covid vaccines and superior execution, at least compared to arch-rival Walgreens. I don’t know if it can continue now that the pandemic’s winding down, but remember that CVS also has a huge health insurance business,” Cramer said.

Humana

  • Q3 results before the open; conference call at 9 a.m. ET Wednesday
  • Projected EPS: $4.66
  • Projected revenue: $20.9 billion

Cramer said he expects the health insurer’s numbers to be even better than rivals Centene and UnitedHealth Group.

Marriott International

  • Q3 results before the bell; conference call at 8:30 a.m. ET Wednesday
  • Projected EPS: 99 cents
  • Projected sales: $3.71 billion

Wynn Resorts

  • Q3 results after the close
  • Projected EPS: Loss of $1.36
  • Projected revenue: $943 million

Cramer said he expects Marriott International to have a better story to tell about the hospitality recovery compared to Wynn Resorts, which his charitable trust owns. He said that’s because of Wynn Resorts’ exposure to the gaming hub of Macau.

Qualcomm

  • Q4 results after the close; conference call at 4:45 p.m. ET Wednesday
  • Projected EPS: $2.26
  • Projected revenue: $8.85 billion

“They’ll give us more insight into the cellphone market, but I bet that can’t be that positive, either,” Cramer said, alluding to the chip crunch.

Etsy

  • Q3 results after the close; conference call at 5 p.m. ET Wednesday
  • Projected EPS: 55 cents
  • Projected revenue: $519 million

“I bet CEO Josh Silverman will have a lot of good to say about his e-commerce platform for handicrafts—should make a nice contrast to Amazon’s disappointing quarter,” Cramer said.

Thursday: Uber, Skyworks Solutions, Peloton and Square

Uber

  • Q3 results after the close; conference call 5 p.m. ET Thursday
  • Projected EPS: Loss of 34 cents
  • Projected revenue: $4.41 billion

“I think Uber can deliver, but the stock’s been kept down by persistent sellers, so even a good quarter might not matter, at least not until these weak hands finish dumping their shares,” Cramer said.

Skyworks Solutions

  • Q4 results after the bell; conference call at 4:30 p.m. ET Thursday
  • Projected EPS: $2.55
  • Projected sales: $1.3 billion

“Maybe they give us some insight into when the chip shortage nightmare can come to an end,” Cramer said.

Peloton

  • Q1 2022 results after the close; conference call at 5 p.m. ET Thursday
  • Projected EPS: Loss of $1.10
  • Projected sales: $809 million

The fitness equipment maker was a major pandemic winner, but the stock has struggled to gain traction since investors shifted toward reopening plays, Cramer said. “I think they’ve got their work cut out for them.”

Square

  • Q3 results after the close; conference call at 5 p.m. ET Thursday
  • Projected EPS: 37 cents
  • Projected revenue: $4.38 billion

“I’m betting their mojo will be absent for now, mojo being a technical term on Wall Street for the massive love a stock gets after a monster beat and raise quarter,” Cramer said.

Friday: Enbridge and October nonfarm payrolls

Enbridge

  • Q3 results before the bell; conference call at 9 a.m. ET Friday
  • Projected EPS: 57 cents
  • Projected revenue: $9.62 billion

Cramer said he likes the company’s dividend payment. “Plus, we have a real shortage of energy infrastructure, so I bet business is good,” Cramer said.

The Labor Department’s report on nonfarm payrolls for the month of October is out at 8:30 a.m. Friday, but Cramer cautioned the recent monthly reports have been “all over the map right now,” making their appearance “seem deceiving.”

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Business

Home Depot, Walmart, Roblox and more

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Take a look at some of the biggest movers in the premarket:

Home Depot (HD) – Shares of the home improvement retailer fell 3.2% in the premarket following its second-quarter results. Home Depot earned $4.53 per share, 9 cents a share above estimates. Revenue also topped forecasts. Comparable-store sales fell short of forecasts, however, rising 4.5% compared to a StreetAccount consensus estimate of 5%.

Walmart (WMT) – The retail giant earned $1.78 per share for the second quarter, 21 cents a share above estimates. Revenue came in above consensus as well. Comparable-store sales grew by a better-than-expected 5.2%. Walmart also raised its full-year forecast, but shares slid 1.5% in the premarket.

Roblox (RBLX) – The video game platform operator lost 25 cents per share for its latest quarter, one cent a share wider than expected. Revenue also fell short of analysts’ forecasts. Roblox had been a beneficiary of pandemic restrictions that kept people at home, but that positive influence waned as vaccinations increased and people spent more time out of the home. Shares tumbled 5.6% in the premarket.

Spirit Airlines (SAVE) – Spirit lost 4.4% in premarket action after the airline said its recent operational problems cost it about $50 million. Spirit canceled more than 2,800 flights between July 30 and August 9, amid problems related to weather, staffing and technical issues.

Didi Global (DIDI) – A number of major hedge funds and investors bought shares in the Chinese ride-hailing giant according to quarterly Securities and Exchange Commission filings, including George Soros, Tiger Global and Singapore state investment fund Temasek. Didi went public in June, but shares plunged after China announced a probe of the company. Didi fell 2% in the premarket.

Tencent Music Entertainment (TME) – The music streaming service’s shares slid 3.8% in the premarket after its quarterly revenue fell short of analysts’ forecasts despite an increase in advertisements and paid subscribers.

Organon (OGN) – The Merck (MRK) spin-off rose 1.6% in premarket trading, as Warren Buffett’s Berkshire Hathaway (BRK.B) reported a small stake in the core therapeutics specialist.

T-Mobile (TMUS) – The wireless carrier confirmed earlier reports that it had been the victim of a data breach, but said it could not yet determine the extent of the breach and what customer data may have been stolen.

Chipotle Mexican Grill (CMG) – Cowen added the restaurant chain’s stock to its “conviction” list, saying it was pleased with Chipotle’s second-quarter results and that the company has sales drivers in place that will sustain improvement.

Endeavor (EDR) – The entertainment company reported quarterly profit of 19 cents per share, compared to analysts’ expectations of a 2 cents per share loss. Revenue came in very slightly short of estimates. Endeavor also raised its full-year revenue outlook on increasing demand for live events among other factors, and shares added 1.8% in the premarket.

Stanley Black & Decker (SWK) – The tool maker struck a deal to buy the 80% of MTD Holdings that it did not already own for $1.6 billion in cash. Stanley Black & Decker had bought a 20% stake in the privately-held outdoor power equipment maker in 2019.

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Business

Ford and Tesla are at buying levels

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AT&T: “I’m not a fan sir. I really think that if you want growth, you want T-Mobile. If you want income, you should go with Verizon … I’m actually willing to say Chevron for yield.”

Atkore: “Let’s have them on because it’s the kind of stock that works here, but I’ve got to have them on.”

Arrival SA: “You know which one I like best? Ford. I think we start buying Ford here. Hey, by the way, I like Tesla down here.”

Cerus Corp: “This is a very niche speculative business. They’re not making a lot of money. I’m going to say, ‘no.'”

Cemex: “This is a great play on infrastructure.”

Altimmune: “This is a company that has not had a great record of success … there are a lot of other companies that do the same thing that I like a lot more, including … Moderna.”

Zynga: “I like Zynga. Zynga’s OK. It’s a very inexpensive stock.”

Disclosure: Cramer’s charitable trust owns shares of Ford.

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Business

GameStop, Koss Corp, Wayfair & more

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Take a look at some of the biggest movers in the premarket:

GameStop (GME) – GameStop remains on watch after another Reddit-fueled surge Wednesday in the video game retailer’s shares, as well as other so-called “Reddit stocks” like BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop surged 55.8% premarket, while AMC rose 12.9%, BlackBerry gained 4.3% and Koss soared 81.3%.

Best Buy (BBY) – The electronics retailer’s shares fell 5.3% in premarket trading after its revenue and comparable-store sales missed Wall Street forecasts for the holiday quarter as pandemic fueled demand for electronics lessened. Best Buy’s quarterly earnings of $3.48 per share beat estimates by 3 cents a share, however.

Moderna (MRNA) – The drugmaker’s shares rose 2.9% in premarket action as its quarterly revenue vastly exceeded estimates and it forecast $18.4 billion in Covid-19 vaccine sales this year. Moderna did, however, report a quarterly loss of 69 cents per share, wider than the 35 cents a share loss that analysts were anticipating.

Wayfair (W) – The furniture and home goods seller earned $1.24 per share for its latest quarter, above the consensus estimate of 86 cents a share. Revenue was slightly below Wall Street forecasts, as were the number of orders and the shares fell 9% premarket.

Norwegian Cruise Line (NCLH) – The cruise line operator’s shares rose 1.9% in the premarket after quarterly revenue came in well above estimates, despite the Covid-19 related shutdown of cruises. Its loss of $2.33 per share for its latest quarter was slightly wider than the consensus estimate of a $2.17 per share loss.

Anheuser-Busch InBev (BUD) – Anheuser-Busch reported better-than-expected profit and revenue for the fourth quarter. The company also forecast higher earnings for 2021, however the beer brewer said its profit margins would be hurt by higher commodity costs. Its shares fell 5.3% in premarket trading.

ViacomCBS (VIAC) – ViacomCBS came in 2 cents a share ahead of estimates, with quarterly profit of $1.04 per share. Revenue essentially was in line with Wall Street forecasts. The company also said it had 30 million streaming subscribers, ahead of its planned March 4 launch of Paramount+ service that will replace the current CBS All Access service. Its shares dropped 2.8% in premarket action.

Teladoc Health (TDOC) – Teladoc dropped 6.5% in premarket trading after it reported a loss of 27 cents per share for its latest quarter, 3 cents a share wider than Wall Street had expected. The provider of video medical visits’ revenue came in above estimates.

Nvidia (NVDA) – Nvidia reported quarterly earnings of $3.10 per share, compared to a $2.81 a share consensus estimate. The company best known for its gaming chips saw revenue beat estimates as well. Nvidia also predicted strong revenue for the current quarter, but the shares were down 2.6% in premarket action.

Fisker (FSR) – Fisker struck a deal with contract manufacturer Foxconn Technology to assemble cars for the electric vehicle startup. The agreement calls for the companies to jointly produce more than 250,000 vehicles annually. Shares fell 1% premarket.

Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works equally well across all age groups, according to an Israeli study. It provided 94% protection against developing coronavirus symptoms a week after the second dose of the vaccine, and 92% effective in preventing severe disease.

Verizon (VZ) – Verizon was the top bidder in a government auction of 5G airwaves, spending $45.5 billion, while AT&T (T) bid $23.4 billion and T-Mobile US (TMUS) bid $9.3 billion.

Pure Storage (PSTG) – Pure Storage came in 4 cents a share ahead of estimates, with quarterly profit of 13 cents per share. The provider of business memory storage systems also saw revenue beat Wall Street forecasts. Pure Storage gave a mixed forecast, but it was the first time it gave any forward guidance since the pandemic began. Shares gained 2.5% in the premarket.

L Brands (LB) – L Brands earned $3.30 per share for its latest quarter, 12 cents a share above estimates. The Victoria’s Secret parent’s revenue came in short of forecasts. L Brands, which also owns the Bath & Body Works chain, gave strong current-quarter earnings guidance. L Brands was up 2.7% in the premarket.

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