Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer.Other people want to make friends. I'm just trying to make you a little money. My job is not just to entertain, but to educate you.So call me at 1800743 CNNBC or tweet me at Jim Kramer. If you spend much time watching this network, you've heard endless chatter about the Federal Reserve, the business cycle, tariffs and trade, and of course all the ways our trading partners try to get over on us by breaking the rules of the Great Arbor, the World Trade ...

If you spend much time watching this network, you've heard endless chatter about the Federal Reserve, the business cycle, tariffs and trade, and of course, all the ways our trading partners try to get over on us by breaking the rules of the Great Arbor, the World Trade Organization, or at least breaking them in spirit. But for all the relentless focus on the Fed or trade policy or the inherent boom and bust nature of the economy, we don't always do a great job of putting this stuff into context and explaini ...

PureCycle Technologies Growth Capital Raise Corporate Update Conference Call Summary Company Overview - **Company**: PureCycle Technologies (PCT) - **Event Date**: June 17, 2025 - **Key Speakers**: Dustin Olson (CEO), Jamie Vasquez (CFO), Eric Gennantale (Director of Investor Relations) Key Points Industry and Market Context - PureCycle operates in the recycled polypropylene (PP) market, which is experiencing significant growth due to increasing demand for sustainable materials and regulatory changes favoring recycled content [6][10][12] - The global PP market is projected to grow by approximately 7 billion pounds annually, with PureCycle aiming to capture a portion of this market [30] Growth Plans and Capacity Expansion - PureCycle plans to increase its installed capacity to **1,000,000,000 pounds** following a **$300,000,000** capital raise [3][6] - The expansion is expected to generate approximately **$600,000,000** in EBITDA by February [6] - The company is focusing on establishing facilities in **Thailand**, **Antwerp**, and **Augusta** to optimize costs and meet global demand [15][21][22] Financial Metrics and Capital Expenditure - Total capital expenditure (CapEx) for the expansion is estimated at **$2,000,000,000**, with expectations to keep CapEx per pound below **$2** [24][62] - The Thailand facility's all-in cost is projected to be around **$220,000,000**, translating to **$1.4 to $1.7 per pound** [58] - The Antwerp facility is expected to have a higher CapEx, around **$300,000,000**, but still aims for competitive pricing [59] Operational Improvements and Technology - PureCycle has made significant operational progress at its Ironton facility, achieving on-stream times approaching **90%** and producing pellets for **65 consecutive days** [8] - The company has developed a world-class R&D facility in Durham, North Carolina, enhancing its technological capabilities [10] - The learnings from Ironton are being integrated into future designs to improve reliability and efficiency [34][77] Customer Engagement and Market Demand - Strong endorsements from key customers such as Drake, Churchill, and Bruckner indicate growing commercial interest [9] - Regulatory changes, such as Extended Producer Responsibility (EPR) and minimum recycled content laws, are driving demand for high-quality recycled materials [12][40] - The company anticipates that its growth plan will facilitate discussions with major global brands, enhancing its market position [42] Strategic Partnerships and Global Footprint - Collaboration with IRPC in Thailand is expected to reduce CapEx and operational costs due to existing infrastructure [18][19] - The global footprint allows PureCycle to source feedstock and distribute products efficiently, meeting customer sustainability needs [15] Future Outlook - PureCycle aims to penetrate less than **0.5%** of the total global polypropylene market by 2030, setting the stage for continued growth [13][30] - The company is optimistic about its ability to scale operations and meet increasing demand for recycled materials [41][62] Conclusion - PureCycle is positioned as a leader in the recycled polypropylene market, with a robust growth plan supported by significant capital investment and operational improvements [30][83] - The next five years are expected to be transformative for the company, with a strong focus on expanding capacity and enhancing product offerings [83]

Core Viewpoint - BofA Securities analyst maintains a Buy Rating on Caterpillar, Inc. with a price target of $385, highlighting the potential of the Energy & Transportation segment as a key driver for future earnings growth [1][2] Group 1: Company Performance and Projections - Caterpillar's Energy & Transportation (E&T) segment contributes approximately 40% of total sales, making it the least understood segment within the company [1] - The E&T segment is expected to lead the next earnings upcycle, driven by long-term growth in data centers, power generation, and pipeline expansions through 2030 [2] - Caterpillar is guiding for $2.5 billion in earnings by 2025, a significant increase from the average of $1.2 billion over the last decade, indicating a notable inflection point [2] - Projected revenue for 2025 is $59.3 billion with earnings per share estimated at $17.50 [3] Group 2: Capital Expenditure and Management Strategy - Since 2017, capital expenditures (capex) to sales and capex to depreciation have averaged 2% and 70%, respectively, with the current capex step-up significantly exceeding these averages [3] - The management team, under new CEO Joseph Creed, continues to focus on improving returns and free cash flow generation [2][3] - Management is investing in capex for the first time in a decade to expand large engine capacity to meet the rising demand in power generation and data centers [4] Group 3: Historical Context and Market Dynamics - The EPS upcycle from 2009-2012 was primarily driven by Resource Industries, while the current upcycle from 2020-2023 is significantly supported by Construction Industries [4] - E&T's contribution to operating profit has increased to 40% from 33% two years ago, despite cyclical pressures affecting Construction and Resources [4] - E&T pricing remains positive, contrasting with negative pricing in core segments, indicating resilience and growth potential within this segment [4]

Citi Research 10 June 2025 US Equity Strategy Where Macro Meets Micro 2025 Outlook: Expect a Volatile Bull Scott Chronert AC Managing Director, US Equity Strategist Scott.t.chronert@citi.com +1 (415) 951-1771 Drew Pettit Director Drew.pettit@citi.com +1 (415) 951-1621 Patrick Galvin, CFA Vice President patrick.galvin@citi.com +1 212-816-5373 See AppendixA-1 for AnalystCertification, Important Disclosures and ResearchAnalystAffiliations Citi Research is a division of Citigroup Global Markets Inc. (the "Firm" ...

June 12, 2025 09:09 PM GMT Software | North America Is AI Catalyzing an Oracle Back- Office Supercycle? Accelerating growth at Oracle Fusion and NetSuite catalyzed by AI suggest the Back-Office Supercycle is broadening out beyond just the SAP ecosystem, giving us incremental confidence in our high-conviction Overweight calls within our Office of the CFO coverage group (BL, OS, & VERX). Oracle (covered by Keith Weiss) reported a better-than-expected F4Q25 (4Q25 Results – Thinking Big (June 12, 2025)), especi ...

China (PRC) | Autos & Auto Parts Equity Research Chinese OEMs' 60d Payment Cycle Pledge: Implications for Auto Parts Companies Beginning this Tuesday, Chinese OEMs, including BYD, Geely, GWM, GAC, Chery announced their commitment to shorten supplier payment terms to within 60 days. This industry-led effort follows repeated government directives discouraging harmful price competition in the market. We see this as a positive for auto parts companies, with improved CF and reduced finance/provision cost. Suppli ...

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So Brad Gersonner, it's good to have you back. Uh, and it's great timing and no offense taken at the fact that you'll only wear a suit if you're going to the White House. I sort of figured that and this is what I expected you to be in today.And we'll get to all of that a little bit later. Uh, but I do want your current market view because I know you did get more bullish on these markets towards the end of April and into early May. And here we are.As I said at the very top, we're just a couple of percentage ...

June 11, 2025 05:02 AM GMT China Autos & Shared Mobility | Asia Pacific Morgan Stanley Asia Limited+ Chinese carmakers pledge to shorten payment cycle - happily ever after? Shortening payment days to <60days: According to multiple company announcements, auto OEMs including BYD, Geely, GWM, Chery, XPeng, Li Auto, Leap Motor, Xiaomi etc. have pledged to shorten supplier payment terms to <60 days, echoing regulators' recent efforts in enhancing auto industry stability. We expect shorter payment cycles to bode ...