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Stock Market & Financial Investment News

News Breaks
March 5, 2012
21:30 EDTCLNE, GM, DD, NAV, TECD, WPRT, ASNA, BBBY, AA, AAPL, HNZ, PEP, NOVJim 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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April 8, 2015
09:41 EDTAAPLApple slips in early trading, levels to watch
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09:35 EDTAAPL, AAActive equity options trading on open
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07:48 EDTAAAlcoa April volatility elevated into Q1 and outlook
Alcoa April weekly call option implied volatility is at 58, April is at 42, May is 38, June is at 35, October is at 34; compared to its 26-week average of 34 according to Track Data, suggesting large April price movement into its expected release of Q1 results on April 8.
06:47 EDTAAPLGoogle could benefit from losing Safari default status, Business Insider says
Google's (GOOG) revenue could actually rise if Apple (AAPL) decides to drop Google as the default search engine on its Safari web browser, according to Business Insider, which cited a note from Goldman Sachs. If Apple drops Google, 48% of Safari users polled by Goldman said they would utilize Google's search engine anyway, Business Insider quoted Goldman as saying. If Google is able to retain 50%-70% of the ad revenue generated by Safari users after being removed as Safari's default search engine, Google's profits will rise about 5%-10%, since Google pays Apple for its default status, Business Insider quoted Goldman as saying. Reference Link
06:18 EDTAAPLApple downgraded to Hold from Buy at Societe Generale
Societe Generale analysts Andy Perkins and Peter Knox downgraded shares of Apple to Hold from Buy after their work indicated iPhone average selling prices dropped in the March quarter. Due to lower share of 128GB models, the analysts estimate the March quarter average selling price dropped to $651 from $687 in the December quarter. Further, Perkins and Knox believe currency headwinds are likely to adversely impact sales and that Apple will struggle to replicate the huge success of the iPhone 6 launch. They keep a $130 price target on the Apple. The stock closed yesterday down $1.34 to $126.01.
April 7, 2015
16:55 EDTAAPLXerox upgraded to Buy ahead of Q1 results at Citigroup
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16:00 EDTAAPLOptions Update; April 7, 2015
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12:50 EDTAAPLHBO NOW available to Apple and Optimum Online customers
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11:27 EDTGMCanadian sale of General Motors stake removes an overhang, says BofA/Merrill
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11:06 EDTAAPLApple Watch reservations limited to one per customer, MacRumors reports
Apple Watch reservations will be limited to one per customer through the company's Reserve and Pickup service, reports MacRumors. Apple's one-per-customer reservation limit has been confirmed to be in place in the United States and United Kingdom, and likely other launch countries. Reference Link
09:52 EDTAAPLApple retail chief instructs staff to push Apple Store shoppers online, BI says
Apple retail chief Angela Ahrendts wants staff at Apple Stores to push customers to order the Apple Watch and the new MacBook online instead of buying in physical stores, Business Insider reports, citing a memo. The memo notes that "This is a significant change in mindset" and will help ensure guaranteed delivery of the Apple products. Reference Link
09:35 EDTAAPL, AAActive equity options trading on open
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09:23 EDTGMOn The Fly: Pre-market Movers
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09:01 EDTGMGeneral Motors 73.39M share Block Trade priced at $35.90
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08:14 EDTBBBYBed Bath & Beyond April volatility elevated into Q4 and outlook
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07:00 EDTDDDuPont, proxy advisory firm to meet this month, Reuters reports
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06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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06:46 EDTAAPLApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTAAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
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