Home Depot eyes a deal — plus, casual dining shines and TikTok ban is delayed once more
Every day during the week, Jim Crammer and CNBC Investment Club released Homestretch, a processable afternoon update at the last hour of trade at Wall Street. Markets: S&P 500 was lower on Friday because investors discussed the next monetary policy movement of Mull and Federal Reserve on the latest news from the Israeli-Iranian conflict. Fed Governor Christopher Waller said policy makers could reduce interest rates in early July. Waller told CNBC Friday morning to CNBC, “This would be my opinion that the committee would go or not.” He said. Meanwhile, the shares of Chip Stocks, including Club Holdings Broadcom and Nvidia, showed that a Wall Street Journal report could renounce because the US’s major semiconductor manufacturers could trust American technology in China. On the geopolitical front, the best European diplomats were prepared to negotiate with Iranian officials in Geneva on Friday. The White House said President Donald Trump will decide whether he would directly participate in the US attacks on Iran’s nuclear areas of Israel in the next two weeks. Home DEAL-PO?: QXO does not endure the unwanted $ 5 billion cash offer to purchase GMS Inc. following its offer for home depot’s building products distributor. A QXO spokesman told Bloomberg that $ 5 billion was a full offer of the company. On Thursday, Wall Street Journal reported that Home Depot made a presentation for GMS – for years, the billionaire businessman Brad Jacobs, who has frequently guests about “Mad Money”, raised the ghost of an offer war with QXO, the latest attempt. Home Depot and QXO compete for a larger share in the construction supply market targeting professional contractor. Home Depot made a great move with the purchase of $ 18 billion SRS distribution last year. RBC analysts, Home Depot’s GMS proposal can be perceived “a little negative”, and the company’s debt burden after the SRS agreement remains above the targeted levels, gross margin dilution and delay share procurement, he said. Ordinary shining: Darden Restaurants’ fourth quarter earnings report on Friday, despite the high levels of economic uncertainty of consumers, the portfolio name of Texas Roadhouse showed that they have opened their wallets for a daily dinner. Darden’s leading chains-Olive Garden and Longhorn Steakhouse-Ayni store sales have increased by 6.9% and 6.7% for the quarter, respectively. Longhorn Steakhouse, a direct rival of the Texas Roadhouse chain, reported that total sales were an increase of 9.3%, which included the performance of 16 new locations. “Consumers understand that ordinary food is a great value,” Darden CEO Rick Cardenas said. We see that it is in our brands and in some sectors. And so we think it is a big part of it. Consumers want to go out and spend fast food. “Darden CFO Raj added Vennam:” Except for those under $ 50,000, almost every household income is growing in daily meals. They have doubled their loyalty at affordable prices. We have made some profit to lock the gains, but this week, the name of Tiktok is a 90 -day execution. It was a clear positive for the US, the main date of the US, which has expanded its time schedule for the third time for the short-form video platform. Considering the “rescue” desire, we do not keep our breath in the case of the future of the face of the face of the face of the face of the face of the CEO Mark Zuckerberg. The AI-First Tech giant continues to develop AI tools with different texts, backgrounds and images. He said that he planned to purchase NFDG, and then the Bloomberg News, the Scale AI, and the Bloomberg News. The best experts in the field will allow you to compete in the field after the next week. The most important economic activity of the Fed will be the PCE of the FED (PCE), which will be the full list of Jim Cramer. If you have talked about a shareholder before buying or selling a shareholder in the portfolio, Jim is waiting for a trade warning. There is no obligation or no duty.
