Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.
Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Arm Holdings : Shares dropped more than 12.5% on Thursday after the U.K.-based semiconductor architecture company left its sales outlook unchanged. Jim Cramer said he left the interview he did on CNBC with CEO Rene Haas "feeling cold" because the executive didn't want to talk about the slowdown in the internet-of-things and networking.
Shake Shack : The stock soared roughly 19% on Thursday after the burger chain reported a better-than-expected quarter and raised the low end of its full-year revenue guidance. Cramer marveled at how an expensive burger at Shake Shack is selling well, suggesting there's also a market for premium here. Wayfair : Shares fell 3% after CEO Niraj Shah compared the slowdown in home goods to the 2008 financial crisis. Quarterly earnings and revenue missed.
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