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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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October 7, 2014
06:09 EDTAAPLApple 12-inch tablet may integrate both Mac OS and iOS, DigiTimes reports
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06:06 EDTAAPLApple reinstated with a Buy at BofA/Merrill
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06:03 EDTCLNEClean Energy announced fueling agreement with Dillon Transport
Clean Energy Fuels announced at the American Trucking Association Management Conference and Exhibition a multi-year fueling agreement to further support Dillon Transport’s ongoing leadership in heavy-duty natural gas truck fueling. Clean Energy is scheduled to supply Dillon’s growing fleet with approximately 2.5M additional DGEs of CNG annually and expects to open three additional public truck-friendly natural gas stations in Houston, Texas, Midland, Texas, and West Atlanta, Ga., over the remainder of the year to accommodate the increased fuel sales.
October 6, 2014
17:23 EDTBBBYContainer Store plummets after cutting fiscal 2014 outlook
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16:44 EDTGMMoody's downgrades General Motors credit facility to Baa3; Outlook stable
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16:20 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and appeared ready to ride the wave of optimism from Friday’s jobs report into the new week. However, with little on the economic calendar to sustain the momentum, each of the major equity indexes had given up their gains by noon. The Dow and S&P 500 made it back to flat late in the session, but weakened into the close to end the day slightly lower. The tech-heavy Nasdaq was the laggard throughout and ended the day with the most significant decline. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Hewlett-Packard (HPQ) climbed $1.67, or 4.74%, to $36.87 after it confirmed plans to split itself into two publicly traded companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." After the announcement, HP shares were upgraded to Outperform from Neutral at Credit Suisse, while analysts at Cantor called the split "a bold and smart move" that will give HP the financial flexibility needed to sell off one or both of the PC and printing businesses if an attractive offer emerges for either or both. MAJOR MOVERS: Among the notable gainers was Durata Therapeutics (DRTX), which surged $10.36, or 74.64%, to $24.24 after the company agreed to be acquired by larger drugmaker Actavis (ACT) for $23.00 per share in cash, or approximately $675M, and contingent value rights for additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product are achieved. Also higher was CareFusion (CFN), which jumped $10.58, or 22.92%, to $56.75 after agreeing to be acquired by Becton Dickinson (BDX) for $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or about $12.2B. Becton Dickinson rose $9.14, or 7.89%, to $124.98 after its deal, while Actavis slipped $2.12, or 0.86%, to $243.95, after its own, much smaller purchase. GT Advanced Technologies (GTAT) plunged $10.22, or 92.46%, to 83c after the company announced that it and some of its units had commenced voluntary cases under chapter 11 of the bankruptcy code, which Raymond James believes implies a "fundamental, severe breakdown" of the company's relationship with Apple (AAPL). Also lower were shares of Sunesis (SNSS), which dropped $5.18, or 78.01%, to $1.46 and was downgraded at RBC Capital and Wells Fargo after a trial of a combination therapy for patients with first relapsed or refractory acute myeloid leukemia did not meet its primary endpoint. INDEXES: The Dow slid 17.78, or 0.1%, to 16,991.91, the Nasdaq fell 20.82, or 0.47%, to 4,454.80, and the S&P 500 slipped 3.08, or 0.16%, to 1,964.82.
16:00 EDTAAPLOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
14:01 EDTAAPLGT Advanced bankruptcy implies breakdown with Apple, says Raymond James
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13:21 EDTASNAPRIMECAP reports 4.98% passive stake in Ascena Retail
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11:41 EDTAAPLSolar companies sink after GT Advanced declares bankruptcy
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10:38 EDTAAPLApple's iPhone 6, 6 Plus to launch in India on October 17, Times of India says
Apple's iPhone 6 and iPhone 6 Plus will be available in India beginning Friday, October 17 through authorized resellers, the Times of India reports. Pre-orders for the devices start on October 7. The 16GB version o the iPhone 6 will be available at Rs 53,500, the 64GB version is priced at Rs 62,500 and the 128GB version of the phone will sell for Rs 71,500; the 16GB version of the iPhone 6 Plus will be available for Rs 62,500, while the 64GB version will cost Rs 71,500 and the 128GB version will sell for Rs 80,500. Reference Link
10:07 EDTAAAlcoa October volatility increases into Q3 and outlook
Alcoa October weekly call option implied volatility is at 63, October is at 43, November is at 32, December is at 31, January and April is at 30; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q3 results in early October 8.
09:51 EDTGMGeneral Motors recalls Chevrolet Sparks due to hood latch defect
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09:37 EDTAAPLActive equity options trading on open
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09:05 EDTDDDuPont expects to supply more sustainable refrigerant by end of 2015
DuPont's Flurochemicals global business director Kathryn McCord said, "DuPont continues to see rapid transition to HFO-1234yf refrigerant for automotive air conditioning, and we expect to see the refrigerant in 3 million cars by the end of 2014, with that number growing to 7 million by the end of 2015. All but one of the world's leading automakers are adopting HFO-1234yf... "DuPont is prepared to supply HFO-1234yf, which it sells as DuPont™ Opteon® YF refrigerant, to both automakers and the service industry in the United States and Europe. DuPont was the first company to establish capacity of HFO-1234yf, with sites in China and Japan, and capacity expansions we announced last October are on track. We have sufficient supply to meet our customers' projected demand, and are prepared to make additional investments when long-term demand justifies it."
07:42 EDTAAPLSkyworks well positioned to benefit from iPhone upgrade cycle, says Canaccord
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07:34 EDTAAPLApple updates software to protect against iWorm bug, MacRumors reports
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07:16 EDTAAPLiOS 8 adoption appear slower than its predecessors, 9to5Mac reports
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07:09 EDTCLNEAmerican Trucking Association to hold a conference
2014 ATA Management Conference is being held in San Diego on October 4-7.
06:25 EDTAAPLiPhone 6 chip orders to remain high in 1Q15, DigiTimes reports
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