Before Wall Street heads out for the long weekend, Jim Cramer and Action Alerts Plus investing club research analyst Zev Fima are breaking down what's moving the markets. Watch the full show below:
Cannabis M&A Burns Brighter
Shares of Canopy Growth (CGC) - Get Canopy Growth Corporation Report burned higher on news the company plans to buy Acreage Holdings if marijuana is legalized in the U.S. The deal could be worth around $880 million. Jim Cramer breaks down what the deal could mean for the rest of the legal cannabis industry.
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Putting PINS in Pinterest
The world's favorite source of DIY fails is set to join the public market. Pinterest (PINS) - Get Pinterest, Inc. Class A Report said in a report late Wednesday it was offering 75 million shares plus plus up to an additional 11.25 million more that underwriters have the option to purchase, at $19 each.
So what should a Pinterest investor expect on Day 2 of trading? Follow our comprehensive coverage of Stock of the Day Pinterest over on Real Money.
Earnings Watch Continues
A slew of earnings reports moved the markets this morning, including reports from Danaher (DHR) - Get Danaher Corporation Report , Honeywell (HON) - Get Honeywell International Inc. (HON) Report , Schlumberger (SLB) - Get Schlumberger NV Report and much more.
- Honeywell said earnings for the three months ending in March came in at $1.92 per share.
- Schlumberger's net income for the first quarter was $421 million, or 30 cents a share.
- Danaher posted net income of $333.8 million, or 46 cents a share.
Jim Cramer breaks down the market implications of earnings season (so far) heading into the long weekend.
Learn more about Zev Fima, Action Alerts Plus Research Analyst below:
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