Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (14723)	10/27/2022 10:55:20 AM
From: Kirk ©	Respond to of 26438

Here is what Cramer said in his daily promotional mailing Meta Platforms (META): I made a mistake, and I was wrong. I trusted this management team and that was ill-advised. Gone rogue. I got had. Horrifying free cash flow of less than $1 billion at the Club holding. Last year $9.5 billion. The hubris here is extraordinary. Bought back $6.5 billion of stock, suboptimal. Shares of the Facebook-parent getting crushed, down nearly 23% to around $100 in the premarket. As we wrote Wednesday evening after the mixed quarter and light guidance, it's no wonder the stock is down so much, with CEO Mark Zuckerberg obsessed with spending on the metaverse. Odd that he didn't lead off with "Club Holding" as he does with the rest of the stocks he updated and holds today... yet at the bottom of the email he has: (Jim Cramer's Charitable Trust is long META, F, HON and LIN. See here for a full list of the stocks.) Ford is also on the disclosure list but not CAT: Club holding Ford (F): Can they hit fourth quarter? $50 billion in liquidity, resuming buyback. China big miss in third quarter. Beat on Q3 earnings per share and revenue (preannounced in September; stock crushed at the time). Raised full-year adjusted free cash flow goal to $9.5 billion to $10 billion, a $3.44 billion increase. Stock down 1.5% in the premarket. Dow stock Caterpillar (CAT): EPS in the third quarter $3.95 versus $3.18 expected. Sales of $14.99 billion also beat. Really strong. Operating margin 16.2% versus 13.4% expected. Profitable growth. Maybe he plans to sell it...