On CNBC's "Mad Money Lightning Round," Jim Cramer said Mitek Systems, Inc. (NASDAQ: MITK) is a good company. He always felt someone should buy it because it's not that big. See also: How to Buy Sundial Growers (SNDL) Stock Cramer advised a viewer to take out his cost basis in GrowGeneration Corp (NASDAQ: GRWG). He's not willing to recommend it at its current price. Even though Magnite Inc (NASDAQ: MGNI) was down badly on Wednesday, Cramer is a buyer. QUALCOMM, Inc. (NASDAQ: QCOM) is a very good company, but it's a hostage to this problem with foundries, said Cramer. He would buy Skyworks Solutions Inc (NASDAQ: SWKS) instead. Cramer is not a buyer of Westport Fuel Systems Inc (NASDAQ: WPRT) because it has had a big run. See also: How to Buy Cronos Stock (CRON) There are so many better stocks than Fubotv Inc (NYSE: FUBO), said Cramer. He is not against it if you actually own it. See more from BenzingaClick here for options trades from BenzingaWhy Is Jeff Kil
US chip companies ask Biden for a handout
The SIA has sent a letter to President Joe Biden asking for government support for the semiconductor industry.
Here is the letter:
The White House
Dear Mr. President:
As your administration formulates an economic recovery and infrastructure strategy, the leaders of the U.S. semiconductor industry call on you to include robust funding for semiconductor manufacturing and research.
Semiconductors are critical to the U.S. economy, American technology leadership, and our national security. They enable the technologies needed to realize your Build Back Better goals, including smarter and safer transportation, greater broadband access, cleaner energy, and a more efficient energy grid, while also providing high-paying jobs for Americans and strengthening our advanced manufacturing base. During the pandemic, semiconductor-enabled technologies have aided researchers in developing life-saving vaccines and helped Americans work and learn remotely.
GrowGeneration Corp (NASDAQ: GRWG). He s not willing to recommend it at its current price.
Even though
Magnite Inc (NASDAQ: MGNI) was down badly on Wednesday, Cramer is a buyer.
QUALCOMM, Inc. (NASDAQ: QCOM) is a very good company, but it s a hostage to this problem with foundries, said Cramer. He would buy
Skyworks Solutions Inc (NASDAQ: SWKS) instead.
Cramer is not a buyer of
Westport Fuel Systems Inc (NASDAQ: WPRT) because it has had a big run.
John Dorfman
AP
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While many individuals and governments have fallen deeply into debt during the pandemic, many companies have strengthened their balance sheets.
Each year (2001-06 and 2011 to the present), I’ve compiled a list of companies that qualify as Balance Sheet Powerhouses. Until now, the largest number of companies that made the list was 42, in 2006. This year, 61 companies made it the honor roll.
I enjoy compiling this list because I believe investors pay slavish attention to every tick in a company’s earnings and not enough attention to a company’s balance sheet (assets versus liabilities).
Reddit mania overshadows outstanding earnings season for tech
Jeran Wittenstein and Elena Popina, Bloomberg News
Reddit driven investing pushing democratization of financial structure: Michael Bucella VIDEO SIGN OUT
(Bloomberg) Anyone distracted by the Reddit-fueled circus in stocks this month may have missed an important fundamental story: A stellar earnings season for technology companies that helped the groupâs shares outperform the market once again.
With more than half of S&P 500 earnings reports in the books, tech companies like Skyworks Solutions Inc. and Paypal Holdings Inc. are leading all of the other main sectors in the benchmark index with more than 95 per cent beating profit estimates, according to data compiled by Bloomberg. As for revenue, 88 per cent have topped estimates.