Happy Thursday!
Before Wall Street heads out for the long weekend, Jim Cramer and Action Alerts Plus investing club research analyst Zev Fima are breaking down what’s moving the markets. Watch the full show below:
Cannabis M&A Burns Brighter
Shares of Canopy Growth (CGC – Get Report) burned higher on news the company plans to buy Acreage Holdings if marijuana is legalized in the U.S. The deal could be worth around $880 million. Jim Cramer breaks down what the deal could mean for the rest of the legal cannabis industry.
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Putting PINS in Pinterest
The world’s favorite source of DIY fails is set to join the public market. Pinterest (PINS said in a report late Wednesday it was offering 75 million shares plus plus up to an additional 11.25 million more that underwriters have the option to purchase, at $19 each.
So what should a Pinterest investor expect on Day 2 of trading? Follow our comprehensive coverage of Stock of the Day Pinterest over on Real Money.
Earnings Watch Continues
A slew of earnings reports moved the markets this morning, including reports from Danaher (DHR – Get Report) , Honeywell (HON – Get Report) , Schlumberger (SLB – Get Report) and much more.
- Honeywell said earnings for the three months ending in March came in at $1.92 per share.
- Schlumberger’s net income for the first quarter was $421 million, or 30 cents a share.
- Danaher posted net income of $333.8 million, or 46 cents a share.
Jim Cramer breaks down the market implications of earnings season (so far) heading into the long weekend.
Related. Jim Cramer: Diversification Is Good for Offense, Not Just Defense
Learn more about Zev Fima, Action Alerts Plus Research Analyst below:
Watch Jim Cramer’s Daily NYSE Show and Replays Below
Now that you’ve had your daily breakdown of the news, head over to Jim Cramer’s Action Alerts Plus to hear what Cramer is only telling members of his investing club.
