Today, Jim Cramer - Mad Money and Andrew Pyle commented about whether AND-T, RCI.B-T, MRU-T, AAPL-Q, CPG-T, CSU-T, IBM-N, CNQ-T, ATRL-T, NXE-T, RUS-T, SJ-T, X-T, CJT-T, CP-T, OTEX-T, CCO-T, TRP-T, SMR, LUN-T, T-T, GWO-T, AMT-N, SHOP-T, AMD-Q, NPI-T, NTR-T, PFE-N, TLRY-Q, PAYC-N, DG-N, ORCL-N, ON-Q, STT-N, MRO-N, FOX-Q, RH-N, ADBE-Q, JNJ-N, FL-N, AMZN-Q, COST-Q are stocks to buy or sell.
Oil's steady move up could affect the Fed's decision on rates this Wednesday. Diesel prices have gone way up and refineries may move more into diesel production and away from gasoline production. This will drive gasoline prices up even more, so therefore more inflation. This then leads to less disposable income for discretionary spending and creates a more dismal view for investors looking ahead to 2024.
They've bought back 16% of shares so far this year. Surprising. Other streamers have broken the bank to produce content, but not Fox which has one of the best balance sheets in this sector. It helps that they sold the bulk of the business to Disney (and many feel DIS paid too much). Are currently weighed down by a defamation lawsuit, but management is using this share weakness to buyback shares. Has this strategy worked? Well, shares are 4.7% this year, but it still lags Warner Bros and Comcast. It lacks growth, but shares are cheap. Not his favourite in this space.