CNBC’s Jim Cramer on Friday weighed in on the stock-moving headlines for companies including Netflix and Nordstrom.
Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Netflix : The streaming giant reported better-than-expected first-quarter results Thursday night, but its second-quarter outlook came in lighter than expected. Netflix also said that starting next year it will stop providing quarterly membership figures and average revenue per user.
Cramer noted that previous discussions about taking the company private were scuttled in 2018 . KB Home : The homebuilder announced $1 billion share repurchase program and upped its quarterly dividend by 5 cents a share. "It's cheaper to buy your stock than it is to build your home, which is one of the reasons why the Fed is in such a jam here," Cramer said. Shares of KB Home rose about 2% Friday.
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