Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Jim Cramer Says Nelson Peltz Should ‘Go After Losers like Coca-Cola’

Jim Cramer

On CNBC’s Squawk Box, Jim Cramer said the UBS upgrade of PepsiCo (PEP) was worth watching, and added that CEO Indra Nooyi has created tremendous value for the company, whose stock is up 9% this year, while competitor Coca-Cola (KO) has declined 4.5% so far in 2014. PepsiCo is “one of the best performing packaged goods companies out there, ” said Cramer. One thing helping the stock is the involvement of activist manager Nelson Peltz, who is encouraging Nooyi to break PEP up into a beverage and a snacks segment. Cramer thinks the combination is working for Pepsi, and instead of going after CEOs like Nooyi who are creating value, he should “go after losers like Coca-Cola” who are “overpaid, fat and happy not doing anything.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Cramer doesn’t think the standoff in Russia is hurting the markets particularly, or at least not yet, and while the Russian troops are budging, Wall Street sees it as a lull during which it can pay attention to earnings. However, the very low volume of trading means that “everything is going to magnified.”

Priceline (PCLN) reported earnings and Monday and it was the usual routine he has seen with this company; management beats estimates but gives conservative guidance, the shorts and the sellers come in and when management paints a strong picture on the conference call, then the stock rallies.

On the news that Rich Kinder consolidated the MLPs under the roof of Kinder Morgan into one company, Cramer suggested people on the street wait and hear what Rich Kinder has to say about it. Cramer is supportive of the move, thinks it will create value, although many people thought Kinder “would never do it. People felt he wasn’t doing a good job, but this is a mistaken short.”





You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News