Do not make this mistake during the results season

Jim Cramer of CNBC on Thursday highlighted the frustrations that pre-market transactions can cause during the earnings season.

Reacting to headlines to make investment decisions can mislead investors who are "prone to rejoice," said the animator of "Mad Money." There is more in the history of the underlying society.

"Do not buy or sell anything based on your earnings until you've listened to the conference call," he warned.

Cramer said the trucking giant, J.B. Hunt, who after posting a lower quarterly profit than expected, sold $ 3 before closing at $ 5 on Tuesday. Investors who took a risk and bought stocks on that weakness earned up to $ 8, he said.

"During the earnings season, headlines are so fast and furious that I think many of these headlines are written by machines, and they are not very effective at capturing nuances," Cramer said. "If you were waiting for the teleconference, it would be hard for you to tell management that they were disappointed with some of the line items, but they usually told a story of growth, despite difficult conditions."

The host also recalled stock market shares in the Union Pacific Railway Company. The company's shares were sold after CSX delivered a catastrophic quarter earlier this week, but Union Pacific exceeded Wall Street's earnings guidance in its Thursday report. The stock gained 5.9% during the session.

"Nobody makes you swing at these curves, sun," said Cramer. "Be patient and keep your bat on your shoulder until you have all the information."

Get all his thoughts here

The once-consistent Netflix company has "suddenly become irregular," as investors struggle with the company's troubles in the second quarter, Cramer said.

The share price fell by more than 10% during the session and the reaction of the portfolio managers influenced movements on the rest of the market while the average digested profits, he said . The Dow Jones Industrial Average added just over 3 points, breaking a two-day losing streak. The S & P 500 gained 0.36% and the Nasdaq Composite 0.27%.

"We had already seen Netflix stumble before, especially after a price hike, but not quite like that – Netflix went from one shot to the next, from easy money to money. Hard money, "said the animator. "In a single quarter, Wall Street has gone from optimistic to skeptical."

Read more here

Digital banking is a key strategy to appeal to millennial consumers, Brian Moynihan, CEO of Bank of America, told CNBC.

He estimates that the bank serves 16 million millennials, aged 25 to 41, who have about $ 200 billion in deposits, investments and loans from the bank.

"They have, you know, between $ 60 and $ 70 billion in check deposits … and then General Z adds another piece in addition to that," said Moynihan in a face-to-face meeting with Cramer. "As a millennium bank only, it would be one of the largest banks in the country."

Get more here

Cramer explained why the purchase price by IBM of $ 34 billion to buy Red Hat was worth it.

By paying $ 190 per share for open source software, the October agreement was partially increased by 63%. Cramer argued that the premium is understandable because IBM was not the only bidder. In late 2018, Red Hat revealed that there were three other bidders without giving a name. CNBC had previously reported that an offer from Google's Alphabet had been received, and Stifel's badyst, Brad Reback, also said that Google, Amazon and Microsoft had begun discussions.

"It was a competitive situation, so IBM paid what they had to pay to do the job," said the manager. "But honestly, that figure of 63% is a bit misleading, frankly."

Go further here

Nucor's CEO, John Ferriola, told Cramer that the Trump administration and the US Department of Commerce had taken several measures to prevent China from flooding the US market with cheap, low quality steel. And for that, he is satisfied.

"We are very pleased with the results achieved through tariffs" on Chinese imports, he said in an interview.

See the full discussion here

During Cramer's flash game, the host of "Mad Money" reviews his thoughts on the stock picking of the day.

Tesla: "Why do I have to buy the stock? I will congratulate [CEO Elon Musk] to make a lot of cars. I think it's the – I mean that's the ticket. "

EPR Properties: "They're out of the park, buy, buy, buy."

Six Flags Entertainment: "Too difficult, it has become too difficult.I do not like it too hard.It is an example of hard money.I like it. easy money."

Disclosure: The Cramer Charitable Trust holds shares in Microsoft, Alphabet and Amazon.