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Stock Market & Financial Investment News

News Breaks
March 5, 2012
21:30 EDTCLNE, NAV, WPRT, GM, TECD, ASNA, DD, AAPL, PEP, BBBY, HNZ, NOV, 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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July 15, 2014
17:45 EDTGMGeneral Motors shares should climb 30%, Barron's says
GM shares look inexpensive at current prices and shares should climb over 30% in the next year, Barron's contends in its "Ahead of the Crowd" column. Reference Link
17:40 EDTAAPLBlackBerry slides after Apple, IBM partner on mobile enterprise
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16:51 EDTAAPLBlackBerry lower by almost 5% after Apple-IBM pact
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16:50 EDTAAPLApple, IBM both higher after announcing enterprise mobile partnership
In after-hours trading, Apple (AAPL) is up 1.5%, while IBM (IBM) is up 2.1%.
16:35 EDTAAPLApple, IBM announce announce partnership to 'transform enterprise mobile'
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16:31 EDTAAPLApple, IBM announce partnership to 'transform enterprise mobile'
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16:00 EDTAAPLOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
12:55 EDTAAPLEarnings Preview: Intel up over 12% since pre-announcement
Intel (INTC) is expected to report second quarter earnings after the close on Tuesday, July 15, with a conference call scheduled for 5:00 pm ET. Intel is a global semiconductor manufacturer and a member of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of 52c on revenue of $13.69B. The consensus range is 45c-55c for EPS on revenue of $13.0B-$14.0B, according to First Call. Along with its first quarter report, Intel said it saw Q2 revenue of $13B, plus or minus $500M, compared to consensus at that time of $12.96B. Intel said then that it had expected its fiscal year 2014 revenue to be approximately flat, compared to consensus at that time of $53.15B. Subsequently, on June 12, Intel raised its Q2 revenue forecast to be $13.7B, plus or minus $300M, citing stronger than expected demand for business PCs. Intel added that it now expects some revenue growth for the year and that its full-year gross margin percentage is now expected to be in the upper half of the previous range of 61%, plus or minus a few percentage points, driven mostly by expected improvements in unit cost and volume. LAST QUARTER: Intel reported Q1 EPS of 38c, compared to consensus expectations at that time of 37c. The company's revenue of $12.8B was generally in-line with the consensus forecast. For the quarter, the company's gross margin came in at 59.7%. STREET RESEARCH: On the day after Intel made its positive pre-announcement, its stock was upgraded by several research firms. At that time, Morgan Stanley upgraded the shares to Equal Weight from Underweight, Roth Capital raised its rating to Buy from Neutral, and Drexel Hamilton upped its rating to Buy from Hold. Several firms also increased their price targets on Intel, with Jefferies raising its price target for Intel to $40 from $35 and Pacific Crest taking its target up to $35 from $32. Last night, coverage of Intel was initiated at Imperial Capital, which placed an Outperform rating and $37 target on the stock. NEWS: After eight quarters of declining shipments, worldwide PC shipments experienced flat growth in the second quarter of 2014, Gartner reported recently. Worldwide PC shipments totaled 75.8M units in the quarter, a 0.1% increase from the same quarter of 2013, according to Gartner. Another research firm, International Data Corporation, estimated that worldwide PC shipments totaled 74.4M units in the second quarter, marking a year-on-year decline of 1.7%. In company specific news, a July 9 report from MacRumors, citing Chinese site VR Zone, claimed that Intel has decided to further postpone the shipping of its line of 14-nanometer Broadwell chips, which are anticipated to be included in future versions of the Apple's (AAPL) MacBook Air, Retina MacBook Pro, and iMac. A report two days later from DigiTimes said that Intel is set to unveil its 14nm processors and 10nm wafers at its Developer Forum in San Francisco, citing sources from the upstream supply chain. According to the report, Intel will release the 14nm Core M-series processors in Q4 and 14nm Broadwell-based processors in January 2015. In June, The Wall Street Journal reported that Intel announced plans to package its standard server processors alongside a different class of programmable chip in a combination that includes an FPGA, or field programmable gate array. The Journal noted that FPGAs have been sold for years by Xilinx (XLNX) and Altera (ALTR), but that the general manager of Intelís data center group, Diane Bryant, declined to disclose Intelís partner on the latest effort or when the resulting products would hit the market. PRICE ACTION: Since the day after its earnings pre-announcement, Intel shares have risen over 12% and its stock is up more than 17% over the last three months. In afternoon trading ahead of tonight's report, Intel was trading near flat at $31.53.
11:41 EDTAAPLApple CEO has 'never met' Carney, The Loop reports
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10:46 EDTAAPLApple rumored to solve alleged battery problem in new iPhones, AppleInsider says
According to reports from Asia, Apple is rumored to have solved its issue with the construction of ultra-thin batteries for its next-generation iPhones, says AppleInsider. Apple is said to have enlisted a new manufacturing partner in Taiwan to craft the batteries, added AppleInsider. Reference Link
10:37 EDTAAOptions with decreasing implied volatility
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09:40 EDTAAPLApple 'iWatch' said to debut in two sizes, three models, AppleInsider says
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB JPM TSLA
07:15 EDTPEPIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:43 EDTAAPLApple reportedly considering Carney for PR head position, Re/code reports
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06:38 EDTGMGeneral Motors, VocallQ looking to develop voice-control systems, WSJ reports
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06:27 EDTGMAutomakers backing U.S.-EU trade deal, NY Times reports
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06:20 EDTAAPLBoy's rash linked to possible exposure to nickel found in iPad, WSJ reports
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06:04 EDTBBBYStocks with implied volatility below IV index mean; BBBY SHPG
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05:42 EDTBBBYBed Bath & Beyond announces planned $1.1B accelerated share repurchase
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