Happy hump day, you all.
There are a lot of headlines to look at, so let’s dive into some of the topics that will be presented in Wednesday’s edition of TheStreet Live With Jim Cramer and Katherine Ross.
Dave Portnoy’s Partners Up to Help Launch BUZZ ETF
Portnoy noted that he is cooperating, but no this is not his ETF. The VanEck Social Sentiment ETF, which will be traded under BUZZ, is expected to launch on Thursday.
“Basically, BUZZ will invest in the stocks that get the most positive feeling on the internet and social media. It does so by using an artificial intelligence algorithm for processing natural language to search the web for mention,” he wrote. David Dierking for The street.
What sends rocket seekers?
There is still a bit of back and forth about Rocket or not (RKT) – Download report has been sent soaring by WallStreetBet’s investors – who were responsible for GameStop (GME) – Download report rally – but there is no doubt about it some Traders have jumped into the name, as sent shares gather on Tuesday.
The streets Martin Baccardax noted, “Rocket Companies, controlled by Cleveland Cavaliers owner Dan Gilbert, has more than doubled in value in the past five days, despite being one of the most bidding for Wall Street shares. came to define the strength of individual investors in their struggle with hedge funds and card sellers as it rose more than 1600% from the end of January to the beginning of February.
Dollar tree results
The company reported diluted earnings of $ 2.13 per share, two cents ahead of Street Consensus Forecast. However, revenue increased by 7.1% to $ 6.77 billion, which was only shy of analysts’ estimates of $ 6.875 billion
“I am very pleased with the team’s operating results during the fourth quarter, as evidenced by a solid increase in sales in the same store, improved gross margin and cost utilization,” says CEO Michael Witynski. In addition, the Dollar Tree (DLTR) – Download report has completed the launch of the expanded Crafter’s Square range to all US stores and has begun expanding our Dollar Tree Plus! initiative for a total of 500 stores, which was announced last quarter. “
Mad Money Interview: Canopy Growth
For its next “Executive Decision” segment, Cramer welcomed back David Klein, CEO of Canopy Growth (CGC) – Download report, the Canadian cannabis grower with shares up 43% for the year, “wrote The streets Scott Rutt. “Klein had positive things to say about Quatreau, his company’s first CBD-infused beverage. He said sales started quickly and Canopy is using the experience to ‘test and learn’ how they will market beverages like these in the United States.”
“By shifting focus to the United States, Klein said the trend toward cannabis legalization continues, and he is convinced that through increased education and awareness, everyone will have a great experience with cannabis products. Meanwhile, Canopy is focusing on running a profitable business so they will not be seen only as a speculative company, he continued.
Are you curious about what Jim Cramer and his team at Action Alerts PLUS are looking at in the markets? Watch Cramer’s exclusive Daily Rundown show for Action Alerts PLUS members only after TheStreet Live.