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F1 spending cap made racing teams more investable

Singapore's F1 Grand Prix in 2022. 2022.Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesTake an elite field of world-class racing experts. Ask them to spend fewer dollars toward beating their bitter rivals. The result, it turns out, is a slate of newly investable assets.That's how the heads of Formula 1 racing see it, crediting a league-wide budget cap with making the team businesses more sustainable and boosting valuations."When we got involved, literally, the bottom teams were being traded for zero. Today I don't…

The market could reach an ‘investable’ bottom after analysts cut earnings estimates, Jim Cramer says

CNBC's Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying."Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive estimate cuts while more companies hit us with negative preannouncements," he said."That's going to be bad for the averages, but once the sell-off hits and we get over the estimate cuts for 2022 and 2023, that's it. That's when we…

Jim Cramer’s list of four investable defense stocks

CNBC's Jim Cramer said Thursday that he's bullish on the defense industry and has four stocks in mind that he believes are investable."There's at least one industry that's booming right now, and it will keep booming regardless of what happens with the in particular or U.S. economy in general. I'm talking about the defense industry, which is on fire," the "Mad Money" host said."The Russian invasion of Ukraine is a game-changer for the defense industry, and you'd really have to be clueless not to notice," he later…