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Stock Market & Financial Investment News

News Breaks
March 5, 2012
21:30 EDTNAV, TECD, WPRT, ASNA, CLNE, GM, DD, AAPL, HNZ, PEP, NOV, BBBY, AAJim Cramer's "Mad Money"
Jim Cramer told viewers that while the health of the Chinese economy is a factor for U.S. stocks, the recent weakness is a blessing in disguise, giving some of our overblown stocks a chance to rest and recharge. Cramer said that while China is important, U.S. markets are strong enough now that they no longer have to follow the Chinese in lock-step. "If oil calms down, the Chinese can engineer a soft landing," he said. So which stocks will be most affected by China? Cramer said the materials stocks, like Alcoa (AA), will continue to be weak, as will the oil stocks, led by National Oilwell Varco (NOV) which has cratered 8% in the past two weeks. But on the plus side, Cramer said opportunities are being created in the defensive stocks, names like Heinz (HNZ) and also the drug stocks. Cramer said he likes Bed Bath and Beyond (BBBY) and Pepsico (PEP) on weakness. Cramer said the tech sector likely won't rally without the help of Apple (AAPL). But with Apple scheduling a product announcement on Wednesday, even the tech sector should be ready to rally again by mid-week. Next, Cramer said when people think of DuPont (DD), they see a big industrial conglomerate, but in reality, DuPont is the world's second largest chemical company which has its hands in everything from agriculture to personal safety products. DuPont's agriculture division will introduce 154 new corn products this year alone. It's performance chemicals business is also on fire. DuPont also has emerging market exposure. DuPont shares trade at a scant 11x earnings,below the average S&P 500 multiple of 14x. Cramer said the shares deserve a higher multiple. WHAT THE HECK: Ascena Retail Group (ASNA) is the new name of Dress Barn, which now includes the Maurice's and Justice store chains. This all-but-forgotten retail stock shocked analysts with a 16c earnings beat on a 14% rise in revenues, and a raise in guidance. Shares are up 38% so far this year and over 53% since Cramer last spoke to the company's CEO just six months ago. Trading at just 13x earnings with a 15% growth rate, Ascena shares are a steal and are worthy of a place in every investor's portfolio, Cramer said. EXECUTIVE DECISION: Cramer spoke with Robert Dutkowsky, CEO of Tech Data (TECD). Dutkowsky said that Tech Data just had the best Q4 in 11 years, with strength across the board. The company continues to be bullish about tech spending in Europe. Tech Data is now focused on the hottest areas of technology, such as data centers and cloud computing. Cramer said there are two takeaways from Tech Data. First, technology spending is still strong and second, this is one cheap stock. NO HUDDLE OFFENSE: Cramer proclaimed that the natural gas revolution is here, thanks in part to the General Motors (GM) announcement of a natural gas powered Chevy pickup. Cramer continued to be bullish on Westport Innovations (WPRT), Navistar (NAV) and Clean Energy Fuels (CLNE). Reference Link
News For AA;NOV;HNZ;BBBY;PEP;AAPL;DD;ASNA;TECD;GM;WPRT;NAV;CLNE From The Last 14 Days
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December 8, 2014
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
05:42 EDTCLNEClean Energy downgraded to Hold from Buy at Ascendiant
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December 5, 2014
14:06 EDTGMGeneral Motors ticks key resistance at the $34 area
The $34 level played a role as major support through the year until the breakdown in share price in September. Today the stock is ticking that level once again. Powering through this level would be bullish, while a failure at $34 would be bearish. Resistance is at $35.14. Support is at $33.24.
11:23 EDTAAPLOption volume leaders
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10:33 EDTGMGeneral Motors recalls 2015 Chevrolet Colorado, GMC Canyon pickups, WSJ reports
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10:00 EDTPEPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
09:36 EDTAAPLActive equity options trading
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:41 EDTPEPPepsiCo initiated with a Buy at Evercore ISI
Target $115.
06:38 EDTAAAlcoa Micromill unveils automotive alloy that is 40% more formable, 30% stronger
Alcoa unveiled breakthrough manufacturing technology, the Alcoa Micromill, that will manufacture the most advanced aluminum sheet on the market. Micromill produces automotive alloy that is 40% more formable and 30% stronger than incumbent aluminum, while meeting stringent automotive surface quality requirements. Alcoa Micromill reduces the time to transform molten metal into aluminum coil from 20 days to 20 minutes. Alcoa has secured a strategic development customer, and from its pilot Micromill facility in San Antonio, TX, has also conducted successful customer trials. Those trials have validated the Micromill materialís unique characteristics, surface quality for exterior panels and overall performance. Alcoa is qualifying the material for use in next-generation automotive platforms.
06:27 EDTGMGM looking to sell 500K Cadillacs annually by 2020, Reuters reports
GM plans to increase global annual sales of its Cadillac brand to over 500,000 cars by 2020, Reuters quoted Cadillac President Johan de Nysschen as saying. Reference Link
06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
December 4, 2014
16:21 EDTTECDTech Data authorizes $100M share repurchase program
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16:00 EDTAAPLOptions Update; December 4, 2014
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10:24 EDTASNAOptions with decreasing implied volatility: AVNR ASNA ANF AVGO PVH
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10:08 EDTAAOn The Fly: Analyst Initiation Summary
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09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT
07:06 EDTAAAlcoa initiated with an Outperform at Wells Fargo
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