Im jim cramer, and welcome to my world. You need to get in the game firms are going to go out of business, and hes nuts theyre nuts they know nothing i always like to say theres a bull market somewhere mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money, welcome to cramerica. Other people want to make friends, im trying to save you a little money. My job is not just to entertain you but to make you a little money and educate you. Call me. 1800743cnbc. So call me. Call it a pleasant day with the dow gaining 4. 9 points, nasdaq falling. We hear from annies. Now i got to tell you after the hammering that haynes celestial took, what is this company . A much more expensive natural food players have to say for itself . There is a gigantic short position in this company. Could there be a more timely tell on the strength of the Housing Market and the rebuilding after sand see . Total baited breath for this call. Then theres ncl corporation, cruise ship tax are red hot.
I guess its safe to come out again. Oh, geez all right. Just a second. All right. All right. All right. I know this isnt the best way to start a game plan. But then again, it isnt everything where the dow plummets 318 points and the s p plunges and the nasdaq nose dooifs. What can i say about what went on today . How about it pretty much unfolded where we told you it might yesterday. As the forces of panic wont up through that quickly on the bulls necks. Once again the pain was not created in this country. In fact, the Major American Companies that reported in the last 24 hours, they all were remarkable earnings. Honeywell, proctor gamble, starbucks, microsoft, bristolmyers squib. As i report over the Conference Calls of these companies this morning, was struck by two things. First of all, all these companies not only did better than expected, they all guided higher which as i tell you get rich carefully is what will produce the biggest gains over the long term. And second, those fabul
Staples and childrens place, well break them all down for you. Paypal cofounder reed hoffman fires back at carl icahn and ahead of tomorrows big jobs number weekly jobless claims did decline slightly as we said. Well start with retail. As we mentioned three big misses, costco biggerthanexpected fall in profit as deep discounting during the Holiday Season hurt margins. Childrens place announcing an 18 drop in Fourth Quarter earnings. Highly promotional market in Severe Weather and then staples missed on revenues said its going to close more than 200 stores by the end of the year now that nearly half of its sales are generated online. People are calling it a triple whammy in retail and obviously tough news for obvious reasons. Disconcerting mostly by costco because costco when i saw the number, hey, thats not so good but when i read the release they were telling you they were unhappy with their performance. Its the new pattern where someone says, look, its not just the weather, we didnt
Itself . There is a gigantic short position in this company. Could there be a more timely tell on the strength of the Housing Market and the rebuilding after sand see . Total baited breath for this call. Then theres ncl corporation, cruise ship tax are red hot. Tuesday brings us to the avon lady in the morning. Direct selling has been under a lot of attack, as we know from herbalife. Is andrew young still playing a role . Hope not. Mcgrawhill also reports tuesday. Well, well, well, talk about an earnings side show, lets listen to see how the analysts try to pry some news about the justice departments investigation of s ps ratings of mortgagebacked bonds, as if anyone actually cares about the earnings. We get results from michael coors, too. Were thinking of developing a great gatsby index. We heard from ralph lauren that things are smoking in this category, not just good but great. Can kors deliver . I bet this High End Company will be right up there. I took my daughter there earlier t
This abbreviated session. This is historical tendency in terms of the period between thanksgiving and december 3rd. Most of the time we are higher in the markets and were seeing that play out so far in future. Look at the picture in europe. A surprise increase in german Business Confidence there really helping to push the indices higher across the board with the exception of spain which is down by. 2 of 1 . It is the most wonderful time of the year for the retailers. Millions of shoppers are hitting the malls this black friday looking for door buster deals. A number of Stores Including walmart, target and toys r us upping the ante with thanksgiving night openings. 147 Million People will hit the malls and Stores Friday through saturday slightly below last years levels. Unbelievable number of people who started lining up so early. I mean, a week ago. Those people we saw at best buy with the tents. We assume they got whatever they were after. I certainly do. I certainly do. There were un