With Shake Shack set to go public CNBC's Kayla Tausche took a look at what each Shake Shack restaurant was worth based upon the IPO price of $21. It seems like there are a lot of eager investors trying to get some of the "new Chipotle" type of stock, so it might go higher than $21 per share:
Hedge fund manager Anthony Scaramucci envisioned The Great Gatsby standing at the bar in a light pink suit at The Hunt & Fish Club. I wonder who else Scaramucci pictured standing at the bar, maybe Mitt Romney
? How about Leo DiCaprio from the Wolf on Wall Street...? Maybe Scott Disick? I don't know, while I doubt he owns a light pink suit, I picture governor Chris Christe eating a steak or two at The Hunt & Fish Club
. And I can picture Donald Trump standing at the bar, too.
From the NY Post:
"The two-floor space boasts a
What Jim Cramer said about Apple is what you have to learn as an investor or trader: "Don't trade Apple, just OWN it."
That's easier said than done though, for many trigger happy traders who watch the stock on a daily or minute by minute basis. Do I sell a bit when it goes up like this? It has to go down a bit now, right? I'm going to sell just a bit. No, just don't do anything, just own Apple's stock for your kids. Over the long term, you'd have to say that Apple's dividend is only going to
How many cash does Apple have on its balance sheet you ask, how about $17,955,000,000
. Yeah, that's a lot of money....and how did Apple earn all that cash you ask? Mostly by selling something called the iPhone. This past quarter Apple sold over 74 million iPhones at an average price of $687.
This insider trading case involving Capital One credit card transaction data is pretty interesting on a number of levels. For one, as Bloomberg's Matt Levine said, it wasn't a simple exchange of information on a golf course, these two suspects actually worked somewhat hard to figure out what credit card sales were driving profits at three different companies.
Secondly, it was "creative", not something you see too often or at all. Traders are always looking for data, but credit card data isn't one they can legally get a hold off. However, in the age of "big data", you'd think it's
But at the World Economic Forum in Davo they not only discussed climate change but income inequality....Jon Stewart explains.
This clip from The Daily Show is about last year's Davos, but does it really matter what year it's from...Davos 2014 is still a lot like Davos 2015. You know a lot of big fur hats
. It's just this year everything is a bit more expensive what with the Swiss franc value exploding higher.
Two CNBC stars, the elder statesman, Jim Cramer
, and the new young star, Josh Brown
, have differing opinions on the new IPO from cloud storage company Box. Cramer says to buy, buy, buy, and Brown says it's a sell - actually, he says it's "hot garbage":
Here's Jim Cramer's take
on the Box IPO:
The excitement referenced by the "Mad Money" host is for the Box IPO. Box is a cloud-based online storage company priced above expectations on Thursday, at $14 a share. Cramer thinks that investors should call their broker and try to get in on the deal at
Back in October, Mark Cuban
bought 50,000 shares of Netflix, after yesterday's strong earnings release from Netflix, Cuban is a very happy man. The stock sunk to around $357 back in October and soared to over $407 today. That's a nice $50 gain in less than three months, or $2.5 million.
Netflix shares went to as low as $316 in mid December, which now really looks like a fantastic time to have bought shares in Netflix! Oh it's so fun to look back and say would of, could of, should have, right?
And it turns out
What with the Swiss franc soaring this past week after the Swiss National Bank stopped pegging the franc to the Euro, even billionaire hedge fund managers like Bridgewater Capital's Ray Dalio
are picking up pennies off the ground in Switzerland. Can't blame Dalio though, chocolate or watches aren't cheap anymore in Davos.
I don't even know if this Tweet or encounter with Ray Dalio is real, but it's funny.