On CNBC's "Mad Money Lightning Round," Jim Cramer said he would buy Raytheon Technologies Corp (NYSE: RTX) rather than Caterpillar Inc. (NYSE: CAT). He wouldn't buy Caterpillar going into a recession.Instead of FireEye Inc (NASDAQ: FEYE), Cramer would buy Fortinet Inc (NASDAQ: FTNT).Cramer is not a buyer of Jacobs Engineering Group Inc (NYSE: J) because he doesn't want to buy an engineering construction company when the economy is going into a slowdown.Inovio Pharmaceuticals Inc (NASDAQ: INO) is up like a rocket ship, said Cramer. He would take some profit. He would sell a half of the position in the name.See Also: Why Cramer Favors Chipotle, Starbucks And Wendy's Post-Coronavirus ShutdownSimon Property Group Inc (NYSE: SPG) yields too much, said Cramer. He is nervous about the stock.Avaya Holdings Corp (NYSE: AVYA) is an interesting idea, said Cramer. He would stick with the stock.Cramer wouldn't buy Euronav NV (NYSE: EURN). The shipping companies...
May.17 -- The Trump administration moved to prevent chipmakers using U.S. technology from supplying Huawei Technologies Co. Tom Mackenzie reports on "Bloomberg Daybreak: Australia."...
(Bloomberg) -- More than $8 trillion has been thrown at the Covid-19 crisis by governments around the globe and hundreds of billions more by central banks from Washington to Wellington. And that means investors are finding a swath of opportunities from investment-grade bonds to emerging-market equities.Looking where central banks themselves are buying, even if it’s been well flagged, still has merits, according to portfolio managers at Western Asset Management Co. and JPMorgan Asset Management. Areas of China’s vast bond market, including junk-rated company debt, are yet to benefit and have room to catch up with more highly-rated peers as authorities keep pumping in stimulus, says M&G Investments.Here’s a look at some key areas and topics for money managers as authorities take more steps to tame the pandemic’s impact.CreditJPMorgan Asset Management’s Patrik Schowitz says investment-grade credit is well supported by central banks and offers a good way to add risk assets to...
(Bloomberg) -- When English vineyards started producing sparkling wine that aficionados lauded as a rival to Champagne, Jack McIntyre took note.“England was suddenly growing grapes that typically grew in warmer climes,” said McIntyre, a three-decade investment veteran at Philadelphia-based Brandywine Global Investment Management. “No doubt temperatures are rising -- how you properly price climate change in rates markets though, I have no answer for yet.”He’s not alone.Across continents, bond investors are struggling to answer what Deutsche Bank AG strategists dubbed “the question of our age” -- how much societies are willing to sacrifice in economic growth to counter climate change, and what that spells for the world’s $31 trillion sovereign debt market.“It’s frankly very difficult to answer,” said Shamik Dhar, London-based chief economist for BNY Mellon Investment Management. “Some of the worst aspects of climate change haven’t been priced.”The stakes have never been higher. Governments are selling debt at a breakneck...
(Bloomberg) -- Royal Caribbean Cruises Ltd. was in a quandary.The company needed to raise money while its ships were docked amid the Covid-19 pandemic, and the bond market was open if Royal Caribbean was willing to mortgage ships as collateral. Similar deals had worked for rivals like Viking Cruises and Norwegian Cruise Line Holdings Ltd.Royal Caribbean had plenty of ships to offer. The problem? S&P Global Ratings had slashed its credit grade to junk, and the cruise company was expecting Moody’s Investors Service to follow. With those downgrades came steep restrictions on how much of its assets could be pledged to bondholders. The firm knew it needed more than the $1.66 billion of secured debt it would be permitted to raise to get through the crisis.Miami-based Royal Caribbean ultimately found a new structure that would let it sell more than $3 billion of debt linked to ships without running afoul of...
