Jim Cramer says he doesn't understand why IAC is trading at current levels after reporting an amazing quarter.
The media and internet conglomerate on May 8 released its financial report for the period ending March 31, which delivered earnings per share of $1.06. The company reported 86 cents EPS the year prior.host said. "I think that company is so inexpensive. I frankly don't even understand it. I say it's a buy, buy, buy."
The stock closed the session down 1.21%. It's up more than 28% this year and nearly 61% in the past 12 months.A truck moves a shipping container at Qingdao Port on January 14, 2019 in Qingdao, Shandong Province of China."Next week, once again, is all about trade and retail," he said. "This is the week when most retailers report, so we will be listening closely to what they say about the trade war."Jen-Hsun Huang, chief executive officer of Nvidia Corp.
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.
Cramer Remix: What's behind today's huge sell-offJim Cramer reveals that the coupling of an escalating trade war with China and Uber's IPO fiasco led to the market's dip.
Read more »
Cramer Remix: The go-to names in an economic slowdownJim Cramer reveals the cloud kings are a great secular trend to invest in during times of economic uncertainty.
Read more »
Cramer Remix: Tariffs could hurt earnings, but for some CEOs, it's worth itJim Cramer reveals how some CEOs are willing to take the tariff pain because they're fed up with China's trade practices.
Read more »
Cramer Remix: Investors should take cannabis hype with a grain of saltJim Cramer explains that, while he's a believer in the cannabis business, conviction should be tempered with discipline.
Read more »
Tuesday saw a 'genuine rally, and that is a bullish sign,' Jim Cramer saysThe stock market saw a broader rally than expected, and that's good news, the 'Mad Money' host says.
Read more »
Cramer: US companies are getting hurt by tariffs because 'they didn't think Trump had the resolve'Some American companies 'let themselves get hurt' by tariffs because they assumed Trump wouldn't follow through on his China trade threats, CNBC's Jim Cramer says.
Read more »
Cramer: Trump no longer cares if his China policies hurt American businessesThe executive action against Chinese telecommunications giant Huawei 'was a major escalation from the White House,' Jim Cramer says.
Read more »
Seven comeback stocks that investors could pounce on: CramerJim Cramer identifies seven stocks that have lagged the broader market and are starting to catch steam.
Read more »
Cramer: Wednesday's 'crazy session' is a perfect example of the market's new normal'Turns out we can get good news, too, and some days like today the stock market actually makes sense,' Jim Cramer says.
Read more »