During a Wednesday conference call, Johnson & Johnson (NYSE: JNJ) executives inadvertently made the case for buying Walt Disney Co (NYSE: DIS), Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA), according to CNBC's Jim Cramer.Cramer Sees 'Something Compelling' From Johnson & Johnson Johnson & Johnson's post-earnings conference call focused in part on its ongoing efforts to develop a coronavirus vaccine, Cramer said on his "Mad Money" show.Management displayed a confident tone and suggested it has "something compelling up their sleeves," the CNBC host said. The call was so compelling that investors should have left wishing they owned stocks with exposure to travel or leisure, such as Disney, Visa, and Mastercard, he said. Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Cramer Says 'Toxic' Stocks Might Be A Buy Johnson & Johnson is "experienced" at producing vaccines and...
Keith Bliss, Managing Partner and CEO at iQ Capital, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the markets are faring amid coronavirus....
China’s antitrust authority has announced a conditional approval for Nvidia’s (NVDA) highly anticipated $6.9B acquisition of Mellanox (MLNX). On the news Nvidia stock is currently up 4% in Thursday’s trading.Encouragingly the conditions only require the companies to not add bundles or other “unreasonable” requirements when selling devices in China.Following the reported approval, Bank of America analyst Vivek Arya reiterated his NVDA buy rating with a $340 price target (17% upside potential).“Our positive views on NVDA are based on its attractive organic prospects” he told investors.“However, we believe potentially adding highly complementary Mellanox high-performance computing/networking products could enhance NVDA’s critical data center segment, while adding new opportunities in 5G/edge computing” the analyst added.Meanwhile Susquehanna analyst Christopher Rolland pointed out that NVDA was confident the deal would close, writing “We believe that NVIDIA already has plans for Mellanox IP in their next DGX system.” He ramped up his NVDA price target from $320 to $330 on March 31.Indeed,...
