Cramer's lightning round: Rivian will go even higher

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European Economics Preview: Germany Final Inflation Data Due

Final consumer price data from Germany is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s final consumer prices for October. Economists expect consumer price inflation to rise to 4.5 percent, as initially estimated, from 4.1 percent in September.

In the meantime, Statistics Norway releases consumer and producer prices for October. Inflation is seen easing to 3.9 percent from 4.1 percent in September.

At 3.00 am ET, consumer prices from the Czech Republic and industrial production from Austria are due. The Czech inflation is expected to rise to 5.5 percent in October from 4.9 percent in September.

At 4.00 am ET, Italy’s Istat releases industrial output data for September. Economists forecast production to fall 0.1 percent on month, following August’s 0.2 percent decrease.

Suspect arrested in shooting death of man in Northeast Park Hill.

A suspect has been arrested in the shooting death of a victim last month in Northeast Park Hill, police said Wednesday.

Warren Simpson Jr., 41, is being held on investigation of first-degree murder, police said. Simpson is a suspect in the shooting death of 54-year-old Robert Turner.

Turner’s body was found outdoors on Oct. 25 in the 3600 block of Monaco Parkway. Police announced the arrest on Wednesday.


LegalZoom Q3 Adj. Profit Misses Street View; Stock Down 8%

Shares of, Inc. (LZ) are currently slipping nearly 8% in extended trading session on Wednesday after the company’s adjusted earnings for the third quarter missed Wall Street estimates.

The company reported third-quarter net loss of $39.68 million or $0.20 per share, compared to net income of $9.41 million or $0.05 per share last year. Adjusted earnings for the quarter were $0.01 per share, down from $0.07 per share last year.

Third-quarter revenues rose 12% to $147.88 million from $131.60 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.03 per share on revenues of $145.35 million for the quarter.

Looking forward, the company expects revenue of $142 million to $146 million and $575 million to $579 million for the fourth quarter and full year 2021. Analysts currently estimate revenues of $143.62 million and 571.77 million for the periods.

LZ closed Wednesday’s trading at $23.79, down $1.03 or 4.15%, on the Nasdaq. The stock further slipped $1.82 or 7.65% in the after-hours trading.

Red Robin Gourmet Q3 Loss Widens

Red Robin Gourmet Burgers, Inc. (RRGB) Wednesday reported third-quarter net loss of $15.0 million or $0.95 per share, compared to $6.2 million or $0.40 per share last year.

Adjusted loss for the quarter was $0.88 per share, wider than last year’s loss of $0.19 per share.

Total revenues for the quarter rose to $275.4 million from $200.5 million last year.

Analysts polled by Thomson Reuters estimated a loss of $0.53 per share on revenues of $276.75 million for the quarter.

Comparable restaurant revenue increased 34.3% in the third quarter of 2021 compared to the same period a year ago, driven by a 22.5% increase in Guest count and a 11.8% increase in average Guest check. Restaurant level operating profit margin increased to 12.5% from 8.6% last year.

Power Corporation of Canada Bottom Line Rises In Q3

Power Corporation of Canada (POW.TO) revealed earnings for its third quarter that rose from the same period last year.

The company’s profit came in at C$741 million, or C$1.09 per share. This compares with C$505 million, or C$0.75 per share, in last year’s third quarter.

Excluding items, Power Corporation of Canada reported adjusted earnings of C$748 million or C$1.10 per share for the period.

Power Corporation of Canada earnings at a glance:

-Earnings (Q3): C$748 Mln. vs. C$483 Mln. last year.
-EPS (Q3): C$1.10 vs. C$0.72 last year.

Cramer's lightning round: Rivian will go even higher

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Veru: "I think that the prostate cancer drug is real, and I think it's a very, very real situation and I think that, therefore, for $8, you're in real good shape."

Change Healthcare: "It's just a good steady company. You know what, it's about time we have some health care companies that are not going to be up and down 40 points. I'm OK with it."

Arrival SA: "Honest to God, I think we crowned a winner today with Rivian and even though Rivian is up gigantically, I'm going to tell you Rivian is going higher. It's not done. Rivian is not done, OK?"

Emerson Electric: "Absolutely [it's OK to add more]. We had Emerson's CEO on, and I've got to tell you [buy, buy, buy]."

NovaGold Resources: "No. … It's had a nice move. I think we just be careful."


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