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Cramer's Mad Money Recap: Cisco Systems, AT&T

Cramer s Mad Money Recap: Cisco Systems, AT&T
Jim Cramer laments the lack of accountability on Wall Street and condemns the harm it does to investors.
Author:
Original:
May 20, 2021
There s far too little accountability on Wall Street, Jim Cramer admitted to his Mad Money viewers Thursday, as he sounded off on issues that have been getting him hot under the collar for the past few weeks.
First, Cramer said there s no accountability with the pundits and analysts that make snap judgments about earnings reports. Case in point, Cisco Systems (
CSCO) - Get Report, which reported a solid quarter Wednesday, only to be panned by nitpicking analysts and off-base news reports. After closing lower Wednesday, shares rebounded hard Thursday, proving all of the naysayers completely wrong. ....

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Cramer blasts AT&T execs for putting dividend at risk: 'thanks for nothing'

AT&T announced the merger of its WarnerMedia business unit and Discovery earlier this week.
AT&T’s dividend will be cut by approximately half post the announced merger.
CNBC’s Jim Cramer added the current and former CEOs of AT&T Inc. (NYSE: T), John Stankey and Randall Stephenson, respectively, to his ‘Wall of Shame’ for putting the dividend-seeking investors of the company at risk.
Cramer has in the past added business executives to his ‘Wall of Shame’ who he thought have destroyed value for shareholders.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today. ....

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Back to the past? AT&T spins off HBO and its media assets to focus again on telecom and broadband

Three years after acquiring Time Warner and refashioning itself as a modern media entertainment company, AT&T is changing course and going back to its past.
The company, which had envisioned competing with the likes of Google, Facebook and Amazon, is spinning off HBO, CNN, Warner Bros. and other content creators to form a new standalone company with Discovery Inc.
Discovery is best known for reality shows on HGTV and the Food Network, and it has a growing global audience. Together, the companies will have the No. 1 TV studio, the No. 2 movie studio, premium sports rights in the U.S. and abroad, and a library with over 200,000 hours of video, from âGame of Thronesâ to â90 Day Fiance.â ....

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Why AT&T's Entertainment Bet Is Paying Off for Investors

The telecom giant spent billions to build a media empire, then exited it. Here's what it means for investors. ....

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AT&T CEO's 'bold' move steers company toward roots — even as some investors fret

AT&T CEO's 'bold' move steers company toward roots — even as some investors fret
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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