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  • Verizon Is a Powerhouse -- Jim Cramer Reveals Why
    Business
    The Street14 hours ago

    Verizon Is a Powerhouse -- Jim Cramer Reveals Why

    Although expectations appeared lower for Verizon Communications Inc. (VZ) , that didn't stop investors from making it one of the best performers in the S&P 500 Thursday, with shares climbing almost 8%. The company reported in-line earnings results and beat on revenue expectations. Verizon added 614,000 net retail postpaid subscribers. Could it be that consumers are waiting idly for Apple's (AAPL) new iPhone? "That's a good thesis," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" segment. But Cramer isn't throwing shade at Verizon. "This is a powerhouse," he reasoned, adding that the company's bundled offering seems

  • McDonald's Has a Restaurant in Poland That Looks Like the Future of the Golden Arches
    Business
    The Street20 hours ago

    McDonald's Has a Restaurant in Poland That Looks Like the Future of the Golden Arches

    McDonald's Corp. (MCD) restaurants of the future are almost unrecognizable. In Tuesday's conference call, McDonald's President, CEO and Director Stephen J. Easterbrook said its Polish eateries provide a look at the company's plans for the future. Easterbrook called the eastern European nation McDonald's "incubator market," since its restaurants there have adopted all aspects of the fast-food chain's "Experience of the Future," or EOTF at once. "Experience of the Future, or EOTF, as we call it, fundamentally changes the way customers interact with our brands," Easterbook said in the call. "We're providing an experience that is more personal and less stressful, matching our best people with technology

  • Caterpillar’s stock soars to more than 5-year high as sales recession comes to an end
    Business
    MarketWatch21 hours ago

    Caterpillar’s stock soars to more than 5-year high as sales recession comes to an end

    Shares of Caterpillar Inc. shot up to the highest level in over five years, as the farming and mining equipment maker’s results confirmed what investors seemed to already know, that business had bottomed a while ago. The company CAT, -0.24%  reported early Tuesday earnings and revenue that beat expectations and raised its outlook. But more important, revenue increased from the year ago period for the second straight quarter to officially mark the beginning of a new sales expansion, as well as the end of a nine-quarter sales recession. The rule of thumb is the economy enters an official recession after gross domestic product declines for two consecutive quarters, while an expansion returns after