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CNBC’s Jim Cramer on Monday offered investors a list of cyclical stocks that have “caught fire” recently, making them potential great additions to portfolios.
“These are great companies that have positioned themselves in some terrific end markets and dominated their industries,” Cramer said.

CNBC’s Jim Cramer on Monday offered investors a list of cyclical stocks that have “caught fire” recently, making them potential great additions to portfolios.
“Sell the techs into any strength … because they’re right in the middle of the Federal Reserve’s blast zone. But as for the cyclical smokestack stocks? Many of them could be worth owning,” he said.

Here is his list of cyclical names that have soared in recent weeks:

Boeing
Caterpillar
Deere
Dow
Honeywell
Nucor

While conventional Wall Street wisdom suggests that investors should avoid cyclical names in a recessionary environment since their earnings tend to follow the state of the economy, there are several factors that may be pushing these stocks higher, according to Cramer.
For example, it appears that the Federal Reserve’s interest rate hikes seem to be mostly impacting tech and speculative assets like crypto. That means it’s possible the central bank doesn’t need to raise rates enough for industrial stocks to also get crushed, he said.
In addition, there are secular trends that could be pushing these stocks higher. Boeing and Honeywell have aerospace exposure during a global travel boom. Caterpillar, Deere and Nucor could benefit from the Biden Administration’s infrastructure bill.
“These are great companies that have positioned themselves in some terrific end markets and dominated their industries to the point where potential customers have no choice but to turn to them,” Cramer said.

Disclaimer: Cramer’s Charitable Trust owns shares of Honeywell.

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Monday – Friday, 6:00 – 7:00 PM ET

CNBC’s Jim Cramer on Monday said that there’s enough pain in the market for the Federal Reserve to consider easing its pace of interest rate hikes.
Cramer pointed to the layoffs at Amazon and turmoil in other sectors like crypto and software stocks as examples of the Fed’s damage.

CNBC’s Jim Cramer on Monday said that there’s enough pain in the market for the Federal Reserve to consider easing its pace of interest rate hikes.
“There’s enough turmoil that the Fed needs to slow down its rate hikes, if only to prevent the headwinds from turning into some sort of weird [Category] 5 hurricane,” he said.

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Stocks fell on Monday, snapping last week’s streak of gains, as investors mulled over corporate and economic news that sent mixed signals about the state of the economy.
Amazon reportedly plans to lay off around 10,000 workers starting this week, which would be its largest headcount cut in history. The cuts would make the e-commerce giant the latest tech firm to curtail its workforce this year to slash costs in a worsening economic environment.
A bright spot during the trading session was Federal Reserve Vice Chair Lael Brainard’s indication that the central bank could soon reduce its pace of raising interest rates.
Cramer pointed to the reported layoffs at Amazon and turmoil in other sectors like crypto and software stocks as examples of the Fed’s damage. “The Fed’s already done a great deal of damage to the economy, it’s just that it’s all packed into the most bloated sectors,” he said.
He added that consumers are also starting to feel the weight of the Fed’s interest rate hikes, especially as the number of companies laying off their workers increases.

“Other than travel, people aren’t really doing much. They’re hunkered down now, trying to figure out if they should go back to work while going to their tenth wedding since we came out of pandemic mode,” he said.

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Flu activity is the highest in the Southeastern U.S. and Washington D.C. right now. It is also very high in New York City and New Jersey.
Flu hospitalizations have surged to a decade high in the U.S.
So far this season, at least 2.8 million people have fallen ill with the flu, 23,000 have been hospitalized, and 1,300 people have died from the virus, according to CDC.

Enbal Sabag, a Nurse Practitioner, prepares a flu vaccination for a patient at the CVS Pharmacy and MinuteClinic on September 03, 2020 in Key Biscayne, Florida.
Joe Raedle | Getty Images

Flu hospitalizations have surged to a decade high in the U.S. with the Southeast the hardest region right now.
Five out every 100,000 people in the U.S. were hospitalized with the flu during the week ending Nov. 5, according to data from the Centers for Disease Control and Prevention. That’s the highest hospitalization rate this early in the flu season since 2010, more than 10 years ago.

But the percentage of patients reporting symptoms similar to the flu, a fever of 100 degrees or greater plus a sore throat or cough, is the highest in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and Washington D.C., according to CDC data.

Flu activity is also very high in Arkansas, Louisiana, Maryland, New Mexico, New Jersey, New York City and Texas, according to the CDC.
More than 6,400 people were admitted to the hospital with the flu during the week ending Nov. 5, according to data from the Health and Human Services Department. About 54% of these patients were hospitalized in the Southeast and South-Central portion of the U.S.
Just over 2,000 people were hospitalized with the flu in the region that includes Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee. More than 1,400 were admitted to the hospital in Arkansas, Louisiana, New Mexico, Oklahoma and Texas.
In the Southeast, the influenza A H3N2 strain appears to be the most common right now, according to Dr. Jose Romero, director of the CDC’s National Center for Immunization and Respiratory Diseases. This strain is associated with more severe illness in the elderly and young children, Romero said.

“There are also early signs of influenza causing severe illness in precisely these two groups of individuals this season,” Romero told reporters during a call earlier this month.
Nearly 11 out of every 100,000 seniors were hospitalized with the flu during the week ending Nov. 5 while about 10 out every 100,000 kids younger than age 5 were admitted to the hospital, according to CDC data. The hospitalization rate for these age groups is about double the national rate.
So far this season, at least 2.8 million people have fallen ill with the flu, 23,000 have been hospitalized, and 1,300 people have died from the virus, according to CDC.

Hospitals across the U.S. are getting slammed with a surge of patients, particularly kids, sick with the flu or respiratory syncytial virus. Romero said these viruses are probably surging because immunity declined as pandemic-era public health measures crushed transmission of these viruses. May kids, as a consequence, are getting infected for the first time.
Public health officials are also expecting another wave of Covid infection this winter. The CDC, the Food and Drug Administration and the White House have called for everyone whose eligible to receive a flu shot and Covid booster ahead of the holidays.

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Former “Tonight Show” host Jay Leno was seriously burned in a garage fire while working on a car that burst into flames
The 72-year-old comedian said in a statement that he would need a couple weeks to get back on his feet.
Leno is also known for his extensive collection of classic and high-end cars.

Jay Leno at The Library of Congress Gershwin Prize tribute concert at DAR Constitution Hall on March 04, 2020 in Washington, DC.
Shannon Finney | Getty Images

Jay Leno is recovering from serious burn injuries following a car fire in Los Angeles over the weekend, the 72-year-old comedian and former “Tonight Show” host announced.
“I got some serious burns from a gasoline fire. I am ok. Just need a week or two to get back on my feet,” Leno said in a statement to NBC News on Monday. He was hospitalized as of Monday afternoon.

Leno, who hosts CNBC’s “Jay Leno’s Garage,” was working at his Los Angeles garage Saturday when an accidental flash fire started in one of his cars. He is also known for his large collection of classic and high-end vehicles.
Leno was taken to the Grossman Burn Center in West Hills after the flames burned the left side of his face, but did not penetrate his eyes or his ear, a person close to Leno told NBC News. He canceled a Las Vegas performance that was scheduled for Sunday night, as well as all of his engagements for the duration of the week.
Leno is “physically ok,” but confirmed there is “some damage” to the comedian, a person close to Leno told NBC.
The comedian hosted “The Tonight Show” for more than three decades, before handing the reins over for good to Jimmy Fallon in 2014. CNBC’s “Jay Leno’s Garage” first season came in 2015. In 2019, Leno talked about being diagnosed with high cholesterol and a blockage in his heart.

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Satellite-to-smartphone connectivity venture AST SpaceMobile announced Monday that the wide antenna of its recently launched test satellite deployed successfully.
The unfolding of the BlueWalker 3 antenna marks a critical milestone in the company’s development of a global network to provide 5G broadband service directly to smartphones.
The company is among multiple contenders trying to create such a worldwide service, an untapped market that’s long been a dream for satellite communications.

A view from onboard the satellite, captured after deploying the 693-square foot array.
AST SpaceMobile

Satellite-to-smartphone connectivity venture AST SpaceMobile announced Monday that the wide antenna of its recently launched test satellite deployed successfully — a critical milestone in the company’s development of a global network to provide 5G broadband service.
The BlueWalker 3 satellite, launched on SpaceX’s Falcon 9 rocket in September, deployed its 693-square-foot antenna — which the company calls the largest-ever array deployed in low Earth orbit.

“Every person should have the right to access cellular broadband, regardless of where they live or work. Our goal is to close the connectivity gaps that negatively impact billions of lives around the world,” AST SpaceMobile Chairman and CEO Abel Avellan said in a statement.

A simulated view at the BlueWalker 3 satellite antenna deploying.
AST SpaceMobile

The company is among multiple contenders trying to create such a worldwide service, an untapped market that’s long been a dream for satellite communications.

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AST’s network would consist of a constellation of 168 satellites, with the company saying it will reach global coverage once about 110 are in orbit. BlueWalker 3 represents AST’s second test satellite to date, and it plans to begin deploying its operational BlueBird satellites late next year.
The satellite company went public via a SPAC last year and has raised over $600 million to date. AST has racked up a number of mobile telecom partnerships for its service, including AT&T, Vodafone, Rakuten and more.
Chris Sambar, AT&T’s network president, said in a statement Monday that the company is “excited” AST has reached “this significant milestone.”

“Working with AST SpaceMobile, we believe there is a future opportunity to even further extend our network reach including to otherwise remote and off-grid locations,” Sambar said.
AST SpaceMobile stock swung in heavy trading to close at down 9.5% at $7.99 a share. The company’s shares are flat this year as of Monday’s close.

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Bed Bath & Beyond’s stock dropped after it said in public filings Monday that it planned to issue stock to repay a small portion of its hefty debt load.
The retailer said it would issue 11.7 million shares to some holders of its bonds.
Bed Bath & Beyond has three sets of unsecured bonds that mature in 2024, 2034 and 2044.

A person exits a Bed Bath & Beyond store in New York City, June 29, 2022.
Andrew Kelly | Reuters

Bed Bath & Beyond said Monday it would issue shares to some of its bondholders in exchange for paying off a small portion of its roughly $1 billion debt load.
Bed Bath & Beyond’s fell more than 5% to $3.74 on Monday following the announcement of its stock dilution. Its decline had been steeper earlier in the day. The stock, which is down 74% so far this year, hit a new 52-week low Monday.

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In addition to its mountain of debt, the troubled retailer has recently been grappling with a leadership shakeup, strained relationships with suppliers and the aftermath of a meme-stock frenzy fueled by activist investor Ryan Cohen, who later sold his shares.
Bed Bath & Beyond has more than $1 billion in unsecured notes with maturity dates spread across 2024, 2034 and 2044.
On Monday, Bed Bath & Beyond said it would issue 11.7 million in stock to pay off $123 million – about $69 million of the 2024 notes, $5.8 million of the 2034 notes and $48.2 million of the 2044 notes. The unsecured notes have all been trading below par.
In August, Bed Bath & Beyond announced new debt funding that was expected to give it some breath room, especially with suppliers.
The retailer has been fighting to win back customers ahead of what could be a make-or-break holiday season.
Earlier this month, the company’s chief customer officer resigned, the latest in a list of leadership changes for Bed Bath & Beyond. Earlier this year, the board pushed out Chief Executive Mark Tritton and Chief Merchandising Officer Joe Hartsig. Meanwhile, its chief accounting officer resigned and the company eliminated the chief operating officer and chief stores officer roles. In September, CFO Gustabo Arnal died by suicide.

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Tyson Foods CFO John Tyson apologized to investors after his arrest Nov. 6 on charges of public intoxication and trespassing.
CEO Donnie King said the company’s independent board of directors is overseeing a review of the matter.
Tyson, 32, is the son of the company’s chairman, John H. Tyson, and the great-grandson of founder John W. Tyson.

John Tyson mugshot
Source: Washington County, Arkansas

Tyson Foods CFO John Tyson apologized to investors Monday after he was arrested Nov. 6 on charges of public intoxication and trespassing.
CEO Donnie King said the company’s independent board of directors is overseeing a review of the matter.

Tyson, who is the son of the company’s chairman, John H. Tyson, was arrested early in the morning of Nov. 6 in Fayetteville, Arkansas. A woman who did not know him allegedly found him asleep in her bed around 2 a.m., according to the preliminary arrest report. Tyson’s breath allegedly smelled of alcohol, and he was unable to verbally respond to police. The woman told police that she believed the front door was unlocked, according to the report.
“I’m embarrassed, and I want to let you know that I take full responsibility for my actions,” Tyson said on the company’s quarterly conference call.
“I just wanted you guys to hear this directly from me and to know that I’m committed to making sure this never happens again,” he added.
Tyson, 32, is also the great-grandson of founder John W. Tyson. He was tapped as chief financial officer of the meat giant in late September after serving as the company’s chief sustainability officer. His appointment, despite his relative lack of experience, raised some eyebrows on Wall Street.
Shares of Tyson were roughly flat in morning trading. The company’s fiscal fourth-quarter earnings fell short of Wall Street’s estimates, but its revenue topped estimates.

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After a day’s work, you are not quite ready to go home. Perhaps you fancy catching a film. You could head to the cinema. Instead, you retreat into your car. A few taps on the touchscreen dashboard and the vehicle turns into a multimedia cocoon. Light trickles down the interior surfaces like a waterfall. Speakers ooze surround sound. Augmented-reality glasses make a screen appear in front of your eyes.This immersive experience is at the core of what Nio, a Chinese electric-vehicle (EV) company, laid out as the future of the car at its European coming-out party last month in Berlin. The firm wants its high-end evs to be a “second living room”. Forget horsepower, acceleration and design—Nio talks up the two dozen high-resolution cameras and transistors (of which there are 68bn, about four times as many as in the latest iPhone) in their vehicles. “We have a supercomputer in our cars,” boasts Nio’s boss, William Li. Nio is at the forefront of a revolution in the car industry: what was once the archetypal hardware business is becoming ever more about software. Immutable objects that do not change after they leave the factory are turning into dynamic platforms for applications and features which can be updated “over the air”. Rather than deteriorate with age, such “software-defined vehicles” can improve over the years. Brands will become defined less by handling or mechanical excellence, and more by the services they offer, from safety features and infotainment to artificially intelligent driving aids. Nio’s cars come equipped with an ai assistant called Nomi, whose circular interface sits on top of the dashboard and smiles when you ask it questions.Like all revolutions, this one promises to usher in a new world. It will certainly benefit motorists and digitally native carmakers such as Nio or Tesla, America’s EV champion. It will also claim victims, mostly among incumbent carmakers steeped in the culture of mechanical engineering. The boss of Volkswagen, Herbert Diess, recently lost his job after botching the German giant’s software plans. For many of vw’s rivals, too, going “soft” is proving thornier than managing the other big transition, from the internal-combustion engine to electric power. It may also prove more consequential. Luca de Meo, boss of Renault, a French carmaker, likens the situation to the upheaval wrought on telecommunications by the smartphone. The shift will define the fate of a global industry with revenues of nearly $3trn. Cars have been accumulating software for decades. For the most part, however, code was deeply embedded in a car’s parts, powering the “electronic control units” of such things as the ignition, brakes and steering. Most of these programs were developed by the carmakers’ suppliers and came in completed units that were then assembled into a vehicle. Car firms “were mostly integrators”, explains Klaus Schmitz of Arthur D. Little, a consultancy.In recent years this setup has started to collapse under its own complexity. As more software was added, it became harder to make all the pieces work together, explains Andreas Boes of isf Munich, a think-tank. In June 2020 vw postponed for months the launch of the ID.3, a new ev, because of software troubles. Software engineers’ go-to approach to untangle such messes is to create a “platform”—to equip cars with a central computer powered by an operating system (os) that comes with standardised digital plugs for additional components (application programming interfaces, or APIs, in the jargon) and a connection to the computing clouds. This technical transformation, in turn, has triggered a knotty cultural one. In the old hardware world, car companies were hierarchical, process-oriented organisations often run by big egos. Launching a new model took around four years and the focus fell on meeting the deadline for the all important start of production. A new model was much the same as the old one, with precious little innovation, says Henrik Fisker, who once designed Aston Martin and BMW sports cars and now runs an EV startup bearing his name. In the new software world, by contrast, decentralised teams of developers focus more on problem-solving than on execution. Cars are updated in rhythms counted not in years but in days and sometimes hours. Products are never really finished. This is second nature to newcomers such as Tesla—which was conceived as a software company that happened to make cars and is now the world’s most valuable carmaker—as well as Nio More