Morrisons takeover battle will go to UK auction on Oct. 2

Cramer's lightning round: Cytokinetics is a very good speculative play

  • 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.

Cytokinetics: "This is early stage, and here's what's interesting about this company: Once again we find these companies that big pharma needs. This is a very good spec. Small molecule therapeutics. The big companies, the Pfizers, love these guys."

LegalZoom.com: "I've been watching LZ. It's going nowhere fast. It's going nowhere fast. You can't touch it. It has no backing on Wall Street, none whatsoever."

Matterport: "3D cameras are very, very hot, but they're too hot for me. I'm going to have to take a pass."

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the "Mad Money" website? [email protected]

Pre-market Movers: PHCF, PALT, BBIG, USEG, SNTG…

The following are some of the stocks making big moves in Monday’s pre-market trading (as of 6.15 A.M. EDT).

In the Green

Puhui Wealth Investment Management Co., Ltd. (PHCF) is up over 60% at $3

Paltalk, Inc. (PALT) is up over 47% at $5.90

Vinco Ventures, Inc. (BBIG) is up over 23% at $7.80

U.S. Energy Corp. (USEG) is up over 17% at $5.55

Naked Brand Group Limited (NAKD) is up over 12% at $0.77

Keros Therapeutics, Inc. (KROS) is up over 10% at $36.55

Gores Guggenheim, Inc. (GGPI) is up over 8% at $10.78

Corvus Pharmaceuticals, Inc. (CRVS) is up over 8% at $7.35

NanoViricides, Inc. (NNVC) is up over 7% at $5.45

EZFill Holdings Inc. (EZFL) is up over 7% at $3.58

ReWalk Robotics Ltd. (RWLK) is up over 7% at $2.17

Borr Drilling Limited (BORR) is up over 7% at $0.85

Achilles Therapeutics plc (ACHL) is up over 6% at $7.38

In the Red

Sentage Holdings Inc. (SNTG) is down over 11% at $2.25

ZIVO Bioscience, Inc. (ZIVO) is down over 9% at $4.95

MEDIROM Healthcare Technologies Inc. (MRM) is down over 8% at $10.43

Unique Fabricating, Inc. (UFAB) is down over 7% at $3.18

Capricor Therapeutics, Inc. (CAPR) is down over 6% at $4.91

Senmiao Technology Limited (AIHS) is down over 6% at $0.63

OPKO Health, Inc. (OPK) is down over 5% at $3.55

U.S. Treasury yields edge higher as Evergrande concerns ease

  • On the data front there will be new home sales at 10 a.m. ET.
  • There are also a couple of Fed speeches, with Fed Chair Jerome Powell speaking at an event.

U.S. government debt prices were lower on Friday morning as market concerns eased since the start of the week.

At around 1:30 am. ET, the yield on the benchmark 10-year Treasury note was higher by 30 basis points at 1.4406% and the yield on the 30-year Treasury bond was up by 32 basis points at 1.9563%. Yields move inversely to prices.

The U.S. bond market had seen higher prices at the start of the week following concerns that Chinese property developer Evergrande would default. But that sentiment has changed in recent days.

In addition, the 10-year Treasury note reached a two-month high on Thursday off the back of comments from the Federal Reserve that it might reduce stimulus "soon."

Treasurys

On the data front, there will be new home sales at 10 a.m. ET.

There are also a couple of Fed speeches, with Fed Chair Jerome Powell, Fed Vice Chair Richard Clarida, and Fed Governor Michelle Bowman speaking at the "Fed Listens" event from 10 a.m. ET.

Delta drag: Only 235,000 jobs added back to US economy in August

New York (CNN Business)Business economists are marking down their forecasts for US growth this year as the Delta variant takes a toll on the recovery, according to a survey released Monday.

The National Association for Business Economists said the panel of 47 economists it surveyed now expects US GDP growth of 5.6%. Although that’s still strong, it marks a downgrade from May when business economists anticipated 6.7% growth. Economists also sharply cut their call for third-quarter growth to an annualized pace of 4%, down from 6.6% in May.
The downgrades reflect the damage from the Delta variant, which has slowed air travel, hotel reservations and office reopenings.

    At the same time, economists are bracing for price spikes to continue at the end of this year. Consumer prices are expected to surge by 5.1% during the fourth quarter on a year-over-year basis, according to NABE. That’s up sharply from a forecast for 2.8% inflation as of May and underscores the sticker shock Americans are experiencing in everything from used cars and gasoline to meat.

      The good news is that business economists share the Federal Reserve’s view that high inflation will prove to be temporary as the economy continues to adjust to Covid. Consumer prices inflation is expected to moderate to 2.4% by the fourth quarter of next year, NABE said.

      The Fed made similar revisions to its own economist forecasts last week, downgrading its 2021 growth forecast while ramping up its inflation view for this year.

      Morrisons takeover battle will go to UK auction on Oct. 2

      FILE PHOTO: A Morrisons store is pictured in St Albans, Britain, September 10, 2020. REUTERS/Peter Cziborra/File Photo

      LONDON (Reuters) – The battle between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group to buy British supermarket Morrisons will be decided in a one-day auction on Saturday Oct. 2, Britain’s takeover regulator said.

      The Takeover Panel said on Wednesday the auction would consist of a maximum of five rounds.