A viral photo of Jim Cramer was shared across social media outlets recently and the "Mad Money" host said Tuesday he agrees it's "messed up."What Happened The viral photo consists of a screenshot from the April 9 edition of "Mad Money" with a screen in the background stating: "The Dow's best week since 1938" while a newsflash on the bottom of the screen states "More than 16M Americans have lost jobs in 3 weeks."> Everything that is wrong with America, in one image. pic.twitter.com/ugrft95bAv> > -- Justin (@JustinAHorwitz) April 9, 2020There is a technical definition to explain what appears to be a colliding world of differences, Cramer said. The Dow Jones is composed of the biggest companies and void of the small and medium-sized businesses where most of the job losses are taking place."You don't have to like it -- I know I don't," Cramer said. "But it's the big dogs...
(Bloomberg) -- U.S. airlines climbed after reaching preliminary deals to access billions of dollars in federal aid, securing a temporary lifeline as the industry waits for customers to start flying again.The agreements cover all major airlines, the Treasury Department said in a statement Tuesday, and position the government to start doling out $25 billion in assistance allocated for passenger carriers in the $2.2 trillion stimulus package signed into law March 27. American Airlines Group Inc. said it would get $5.8 billion in support, while Delta Air Lines Inc. said it would receive $5.4 billion.“This is an essential step, but just one of many that will get us through the next several months,” Delta Chief Executive Officer Ed Bastian said in a message to employees. “The funding, along with self-help measures we have taken, will prevent furloughs and pay rate reductions through the end of September, despite the 95% drop we’ve seen...
Earnings per share fell to $3.11 from $5.71 a year earlier. "Our quarterly profitability was inevitably affected by the economic dislocation," said Goldman Chief Executive Officer David Solomon. Under Solomon, Goldman has been attempting to reduce its reliance on its flagship trading business and build out its consumer bank, although trading made a comeback this quarter....
Shares in Canadian cannabis company Aphria (APHA) are spiking 22% in Wednesday’s pre-market trading on the back of a strong earnings report. For the third quarter ending February 29, 2020, the company reported net income of $5.7 million, or $0.02 per share, and adjusted EBITDA of $5.7 million. This easily surpassed the FactSet consensus for a loss per share of 4 cents.Most notably net cannabis revenue of $55.6 million in the third quarter marked an increase of 65% from the prior quarter.Meanwhile net revenue of $144.4 million in the third quarter translates into an increase of 96% from the prior year quarter and an increase of 20% from the previous quarter.While the average retail selling price of medical cannabis decreased from $8.16 to $6.41 per gram in the quarter (due to a new compassionate pricing policy), the average selling price of adult-use cannabis increased to $5.47 per gram compared to $5.22...
UnitedHealth (UNH) has released positive first quarter earnings on April 15. The healthcare giant reported Q1 Non-GAAP EPS of $3.72, beating estimates by $0.05, with GAAP EPS of $3.52 coming in $0.06 higher than expected.Meanwhile revenue of $64.42B (+6.8% year-over-year) surpassed estimates by $170 million. Shares are now trading up 2% in pre-market trading.According to the company, “These results reflect minimal impact from the progression of the COVID-19 virus across the U.S. given various factors that only emerged late in the quarter, including: rising U.S. incidence and response initiatives; multiple investment initiatives including coverage expansions and increased access to critical care and pharmacy services; other funding and support initiatives; and lower elective care demand.”Looking ahead UNH is maintaining its full year earnings per share outlook for 2020, including net earnings of $15.45 to $15.75 per share and adjusted net earnings of $16.25 to $16.55 per share.“UNH remains among the best performing names in healthcare from a...
