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To: Johnny Canuck who wrote (59548)	8/1/2024 11:59:34 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69744

More data points that consumer spending is constrained: >>>>>>>>>>>>>> Markets Business Investing Tech Politics CNBC TV Investing Club PRO Markets Jim Cramer looks at Arm’s disaster, Shake Shack’s triumph, and 3 other stock movers Published Thu, Aug 1 202410:51 AM EDTUpdated An Hour Ago Matthew J. Belvedere @Matt_Belvedere Share In this article ARM-22.40 (-15.54%) VIDEO02:21 Thursday’s rapid fire: Arm, Hershey, Shake Shack, Wayfair, Etsy Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Arm Holdings : Shares dropped more than 12.5% on Thursday after the U.K.-based semiconductor architecture company left its sales outlook unchanged. Jim Cramer said he left the interview he did on CNBC with CEO Rene Haas “feeling cold” because the executive didn’t want to talk about the slowdown in the internet-of-things and networking. “That’s why it’s down,” Cramer added. Hershey : The chocolate company missed the quarter, blaming a consumer pullback in discretionary spending. The stock was only modestly lower Thursday after being down big earlier. “I don’t know why it’s making a recovery. I didn’t hear anything good,” Cramer said. Shake Shack : The stock soared roughly 19% on Thursday after the burger chain reported a better-than-expected quarter and raised the low end of its full-year revenue guidance. Cramer marveled at how an expensive burger at Shake Shack is selling well, suggesting there’s also a market for premium here. Wayfair : Shares fell 3% after CEO Niraj Shah compared the slowdown in home goods to the 2008 financial crisis. Quarterly earnings and revenue missed. Wayfair also issued guidance below estimates. The news was hitting Williams-Sonoma , which is more high-end, ever harder. “The market is saying look through” the Wayfair situation, Cramer said, adding he has “trouble looking through it.” Etsy : The stock sank more than 7.5% on Thursday after the online marketplace for homemade products delivered weaker-than-expected results. Cramer said Etsy is a frustrating stock because the platform is widely used but the company “has no growth.” He added the company is actually talking about a decline. HSY+0.66 (+0.33%) SHAK+13.70 (+15.64%) W-2.48 (-4.56%) ETSY-5.63 (-8.65%)