Finances
Carvana, Etsy, Cigna, Wayfair, Trade Desk
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2 weeks agoon
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Carvana : Shares of the buying and selling online platform were soaring 35% on Thursday after a record first quarter. CEO Ernie Garcia realized, unlike Wall Street analysts had, that he was OK after getting the Apollo money, Jim Cramer said. “He’s got this terrific way to be able to refurbish cars and then sell them at a higher a price. He saves people a lot of money.” Etsy : Shares of the online marketplace for handmade goods were sinking roughly 17% after an earnings miss. Etsy CEO Josh Silverman said he executed poorly. “That’s all you needed” to push this stock lower, Cramer said. Cigna : A quarterly beat and guidance raise here bucks the trend of some other insurance providers. The stock was up but turned lower. “People hate that group right now,” Cramer said. Wayfair : The online furniture retailer posts better revenue and a smaller per-share loss. The stock was jumping roughly 11.5%. “Where do you buy when you are strapped?” Cramer asked, rhetorically. “You don’t go to RH [formerly known as Restoration Hardware]. You go to [Wayfair.]” Trade Desk : Jefferies upgraded the cloud-based ad-buying platform to a buy from hold, seeing an inflection. “This measures streaming,” Cramer said. “These guys are going against [ Alphabet ‘s] Google and doing a remarkable job.”
