Jim Cramer says owning Devon Energy is an ‘insurance policy’ against continued geopolitical chaos
"Own Devon Energy — that's your insurance policy against continued geopolitical chaos," the "Mad Money" host said Friday.
"Own Devon Energy — that's your insurance policy against continued geopolitical chaos," the "Mad Money" host said Friday.
"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
"It's just great positioning, and I think we've got a very optimistic path forward," incoming Splunk CEO Gary Steele told CNBC's Jim Cramer.
After a strong debut on the public markets in mid-November, the stock has struggled as investors question the company's lack of profitability.
Gap Inc. shares climbed after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges.
Some retailers, including Victoria's Secret, are warning about business impacts from the Ukraine crisis. Others, like Nike, have suspended operations in Russia.
The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.
Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.
Russian oligarchs are seeing their yachts seized by European authorities as sanctions begin to target them.