Jim Cramer says Carvana 'pulled the rabbit out of a hat,' slams credit card stock downgrades

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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Intuit : The TurboTax and Credit Karma company announced a cut of about 10% of its staff. "I believe that they are going to use AI to be able to take advantage of things and rationalize their workforce," Jim Cramer said Wednesday. "But people are not believing it at all. People believe there is genuine weakness. I don't see it.

3M : CFO Monish Patolawala is departing for Archer-Daniels-Midland . "That's what happens," Cramer said. "When you hear a new CEO, I know in a year you see the CFO leave." 3M brought Bill Brown on as CEO in May. "He's going to pick his own team," Cramer added. Carvana : Needham updated the stock to a buy. CEO Ernie Garcia "pulled the rabbit out of a hat," Cramer said.

 

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