Phew. There's a lot of headlines to break down Thursday, Feb. 7.
BB&T and SunTrust are Merging
BB&T (BBT) - Get Report and SunTrust Banks (STI) - Get Report unveiled a $66 billion all-stock merger Thursday that would create the sixth-biggest commercial bank in the United States, TheStreet's Martin Baccardax reported.
SunTrust said the deal would create a company with $442 billion in assets, as well as $324 billion in deposits with a customer base of around 10 million American household.
Jim Cramer noted that he hasn't been able to recommend Nokia shares since 1997, but now that the stock has an attractive valuation, and a stronger end-to-end portfolio of solutions, he thinks there's upside potential if Europe follows the U.S. lead on shutting the door to Huawei and ZTE in 5G markets, Baccardax wrote.
"For years Nokia and Ericsson have been steamrolled by Huawei and ZTE," Cramer told his Mad Money audience on CNBC last night. "That's over."
Cramer wrote about Chipotle for his morning column over on Real Money.
"Chipotle's (CMG) - Get Report back -- and it is back right on time. That's right, the company reported fantastic numbers Wednesday night, a colossal 6.1% comparable-sales number, coupled with healthy margins, including the persnickety labor costs that have bedeviled all fast food outlets these last few months," he wrote.
Twitter (TWTR) - Get Report posted stronger-than-expected fourth quarter earnings Thursday as the micro-blogging website held user growth but said expenses would rise notably this year as it moved to protect the integrity of its platform, reported Baccardax.