Jim Cramer reveals why blue chip stocks like Walmart and Proctor and Gamble may work best in this market.
, saw its stock rise to $36 and later plunge to about $16 surrounding its takeover of Rice Energy in 2017. EQT CEO Rob McNally visited Cramer to discuss changes that the company has made as it gears up for a proxy fight with shareholders.
A proxy fight is when shareholders team up to influence a corporate vote. McNally became chief in August after the stock collapsed more than 50%. "We think the plan that we have put forward, however, is one that is based in reality," said McNally, who took a shot at Rice Energy's idea for a turnaround plan for not being "based in reality."
"Just in the time that we've been in control of the company, we've cut $150 million worth of costs out of the system and generated $300 million of free cash flow between the fourth quarter of 2018 and the first quarter of '19."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The charts warn that stocks are due for a pullback, Jim Cramer saysBecause the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.
Consulte Mais informação »
Cramer: Beware of froth — 'it may be too late to put new money to work''When you see people crowding into stocks just because they're going up, it's what I call a bad sign,' Jim Cramer says.
Consulte Mais informação »
Cramer: 'The bull is fatigued,' froth is easing up and the market is ready to recharge'We've had a colossal rally. After this kind of run, the bull is fatigued,' the 'Mad Money' host says.
Consulte Mais informação »
Salesforce's Marc Benioff defends Tableau deal: They 'didn't want our cash''Tableau didn't want our cash — they wanted our equity, because they know that the real value here is in the company that we're creating together,' Benioff tells Jim Cramer in an interview.
Consulte Mais informação »
The charts warn that stocks are due for a pullback, Jim Cramer saysBecause the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.
Consulte Mais informação »
Salesforce to buy Tableau Software in an all-stock dealThe White House has had no problem leveraging American economic heft to bring other countries to heel — and it may continue to do so, Treasury Secretary Steven Mnuchin told CNBC.
Consulte Mais informação »