Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer Says Bet on Balance Sheets, Not CEOs

Video Credit: The Street - Duration: 00:37s - Published < > Embed
Jim Cramer Says Bet on Balance Sheets, Not CEOs

Jim Cramer Says Bet on Balance Sheets, Not CEOs

Who you gonna call?

The balance sheet.

Well, that's not quite right, but Jim Cramer says that the balance sheet is the safest bet for any investor looking to invest in a company.

"I think balance sheets trump everything," Cramer told TheStreet on the floor of the New York Stock Exchange.

"No matter how good [a CEO is], it's just not going to make you money," Cramer said.

Cramer made the comments in light of Real Money's Stock of the Day, General Electric .

GE's CEO, Larry Culp, said Tuesday that free cash flow from the conglomerate's industrial division was likely to remain negative this year but insisted the troubled group would accelerate its ongoing restructuring plan.

Speaking at the JPMorgan Aviation, Transportation & Industrials conference in New York on Tuesday, Culp also said margins in GE healthcare would be similar to those recorded in 2018, with organic revenue in the low to mid-single digit range.

Culp noted that total revenue from the company's power division would be at flat at best, but likely would decline at a mid-single digit pace this year, while insisting GE needed to "step up restructuring" in both that division and the broader industrial division.

In power, GE said it sees "market pressures impacting volume" as well as "project and execution challenges." Related.

Larry Culp's Cash Flow Comments Continue to Crush GE Stock

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer Analyzes CAT, CVX, DIS, DWDP, GS, HD, IBM and MCD In Real Time [Video]Jim Cramer Analyzes CAT, CVX, DIS, DWDP, GS, HD, IBM and MCD In Real Time

This is worth watching. Jim Cramer, TheStreet's Founder and Action Alerts Plus Portfolio Manager, has always touted that one of his biggest strengths is his ability to tell a 'good tape' from a 'bad..

Credit: The Street     Duration: 01:12Published

Jim's Quick Takes on Comcast, 3M and Southwest Earnings [Video]Jim's Quick Takes on Comcast, 3M and Southwest Earnings

Leave it to Jim Cramer to master a speed round ... He gives one takeaway from Comcast , 3M , and Southwest Airlines earnings report in under 60 seconds. These companies released their quarterly..

Credit: The Street     Duration: 00:40Published

Jim Cramer: Elon Musk is the Master Deflector [Video]Jim Cramer: Elon Musk is the Master Deflector

Tesla lost $702 million in the first quarter of 2019. The company also reported that it generated $4.5 billion in revenue for the quarter, which is down from $7.2 billion in the previous quarter, but..

Credit: The Street     Duration: 01:37Published

Jim Cramer Breaks Down Facebook Earnings [Video]Jim Cramer Breaks Down Facebook Earnings

Facebook is expecting a fine of between $3 billion to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy. The announcement was..

Credit: The Street     Duration: 02:54Published

Cramer Recap: Facebook, Tesla, Comcast Earnings and More [Video]Cramer Recap: Facebook, Tesla, Comcast Earnings and More

This morning we had earnings from Facebook , Microsoft , Tesla , 3M , Comcast , Southwest and more. Jim Cramer and ActionAlertsPlus.com research analyst Zev Fima are back to break down what it..

Credit: The Street     Duration: 08:08Published

Investing Lesson: Be Careful With FAANG Earnings [Video]Investing Lesson: Be Careful With FAANG Earnings

Thinking of buying a FAANG name or two before the earnings come out? Be really careful. Earnings expectations aren't incredibly high for the FAANG companies for the first quarter of 2019 (same deal..

Credit: The Street     Duration: 02:31Published

Facebook, Microsoft, PayPal Earnings: Jim Cramer Is Eyeing These Key Metrics [Video]Facebook, Microsoft, PayPal Earnings: Jim Cramer Is Eyeing These Key Metrics

Facebook , Microsoft , and PayPal all report earnings after the bell on Wednesday. Jim Cramer breaks down the key metric that Jim Cramer is keeping his eye on when these companies report. Facebook..

Credit: The Street     Duration: 01:01Published

Occidental Vs. Chevron: Is There an Anadarko Bidding War? [Video]Occidental Vs. Chevron: Is There an Anadarko Bidding War?

Occidental Petroleum made a formal proposal to buy Anadarko Petroleum in a deal that would value the independent oil producer at $57 billion and trump a pending takeover proposal from Chevron Corp. ..

Credit: The Street     Duration: 02:14Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.