Revolve Group is "part of the reason why Macy's is getting obliterated ... disrupting what's left of the department stores, and it is working," CNBC's Jim Cramer says.
The stock dropped double digits on Friday after management delivered a revenue beat but earnings miss in its. Adjusted earnings came in at 18 cents per share, one penny shy of Wall Street expectations. The stock plummeted another 14% on Wednesday to close at $22.10, but the "actual companies are in very good shape," the host said.
While Revolve sources about 40% of its products from China, the host is convinced that tariff issues have been baked into the stock price and that the company can pass costs on to their customers.
'Lehman is fine' moment?
Please, nobody is coming out of this one looking better then going in.
Cramer is a clown
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The economy is not falling into a recession, but the slowdown stocks are working, Cramer says'The day-to-day action is going to favor the slowdown stocks and wreak havoc for the industrials, the technology stocks, and worst of all the financials,' Jim Cramer says. Sure buddy Yeah sure. You didn’t know about the last downturn either so you have zero credibility
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: The stocks worth owning once the coast is clearJim Cramer warns investors to let the dust settle in this market before committing to the stocks of Dollar Tree and Darden. ❕Be careful ! Bears will play Navarro to make S&P500 below 2800 in September aiming to make America bearish again. Bears makes money while WH pay the cost. MABA will replace MAGA.
Source: CNBC - 🏆 12. / 72 Read more »
The 'fear gauge' shows the market could be headed for 'choppy waters,' Jim Cramer says'The averages haven't really digested these latest gains, and like we saw last week, big moves higher can result in some serious stock market reflux,' he says. You don’t say. Probably will get worse next year during election season.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer: Trump's tariff delay short squeezed stocks to spark a rallyTrump gave the market a boost when it seemed like 'everything is falling apart and the stock market's about to roll over,' Jim Cramer says. jimcramer lost it! He became Mr. Captain Obvious and a Trump pleaser! We are witnessing a failed presidency in real time. He is not well. As long as he’s at the helm, U.S. will not be well. It will take a decade to recover because of his economic antics. Is he manipulating the stock market ?
Source: CNBC - 🏆 12. / 72 Read more »
Cramer breaks down the biggest winning stocks from Trump's tariff delay'This a home-run day for Apple, huge wins,' Jim Cramer says. Here is your chance to get in on the stock market like I did. +FREE Stock & trades. **Top FREE Finance App in the Google Play/Apple Store** Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: A surprise beneficiary of Trump's tariff delayJim Cramer breaks down how the banks are impacted by US-China trade tensions. Jim, didn't 45 say that China was paying all the tariffs? Then why is he worried about them impacting Christmas shopping for U.S. consumers...? Cramer got a little chunky,I see. Haven’t seen him in a while.
Source: CNBC - 🏆 12. / 72 Read more »