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Jim Cramer Thinks Disney’s Reorganization Is Focused on ‘Getting Rid of ESPN’

October 13, 2020 | technology | No Comments

Walt Disney is undergoing a major reorganization.

The company, on Monday, said that it’s reorganizing its media and entertainment businesses and named Kareem Daniel as Chairman, Media and Entertainment Distribution.

The company said in a news release the move would accelerate its direct-to-consumer strategy.

A newly centralized distribution group will oversee commercialization and distribution of all content globally.

Daniel will report to Bob Chapek, chief executive officer of Disney. “Kareem is an exceptionally talented, innovative and forward-looking leader, with a strong track record for developing and implementing successful global content distribution and commercialization strategies,” Chapek said in the statement.

Daniel has held leadership positions across a variety of businesses, including consumer products, games and interactive experiences, publishing, studio distribution, and Walt Disney Imagineering, according to the statement.

Content creation will be managed in three groups: Studios, General Entertainment and Sports. “The company’s three content groups will be responsible and accountable

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By [email protected]_84

Stock Market Today With Jim Cramer: Apple Event Is Tuesday

October 12, 2020 | technology | No Comments

Stocks rose Monday as investors remained hopeful of further fiscal stimulus and prepared for quarterly earnings reports from the biggest banks in the United States.

Technology shares such as Apple  (AAPL) – Get Report, which rose ahead of its expected iPhone 12 unveiling Tuesday, and Amazon  (AMZN) – Get Report, which gained ahead of the start of its Prime Day event, were the standouts.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from Prime Day, why stocks popular on Robinhood matter and what to expect from Apple’s iPhone event tomorrow.

Amazon Prime Day

Amazon’s shopping extravaganza starts at midnight on Oct. 13. The company says that more than a million deals will be offered in 19 countries during the event.

Cramer said he hopes Amazon will have a better product line up for Prime

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By [email protected]_84

Jim Cramer Calls Google a ‘Strange Animal’

October 6, 2020 | technology | No Comments

Google is rebranding G-Suite to Google Workplace. 

“For more than a decade, we’ve been building products to help people transform the way they work,” Google wrote in a blog post on Google Cloud. “Now, work itself is transforming in unprecedented ways. For many of us, work is no longer a physical place we go to, and interactions that used to take place in person are being rapidly digitized. Office workers no longer have impromptu discussions at the coffee machine or while walking to meetings together, and instead have turned their homes into workspaces. Frontline workers, from builders on a construction site to delivery specialists keeping critical supply chains moving, are turning to their phones to help get their jobs done. While doctors treating patients and local government agencies engaging with their communities are accelerating how they can use technology to deliver their services.”

The company explained that its new Google

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By [email protected]_84

Jim Cramer: Fly Ahead of the Pack on Boeing

October 1, 2020 | technology | No Comments

Thought I would never say this. But I am going to blurt it out: It’s time to buy the stock of Boeing (BA) .

I know, that seems like taking your life in your hands. But I have been waiting for the head of the Federal Aviation Administration to fly on the 737 MAX and Wednesday he did, and the test looks like a good one. That might set in a chain reaction to get this jet sold.

Goldman Sachs recently put out an excellent piece talking about how the MAX recertification “could be a key catalyst.” It thinks that this test and others from Canada and Europe, which I think will fall in line, are going to be milestones that could lead to a year-end recertification.

There is, indeed, broad skepticism about everything I just said. People want to wait and see. I don’t think you can do that

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By [email protected]_84