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Stock Market & Financial Investment News

News Breaks
April 8, 2012
22:20 EDTBBBY, PPG, SNDK, INVN, DVN, GOOG, AA, BVSN, SLB, PCL, VFC, BAC, NOK, IMOS, WFC, TITN, P, CQP, RYN, PVH, AVP, RNDY, AAPL, JPM, SVU, ELY, DKSJim Cramer's "Mad Money"
Jim Cramer told his "Mad Money" TV show viewers Thursday, that when it comes to next week's trading, earnings will be the only thing that matters. Cramer told viewers to take a deep breath, because next week kicks off another important earnings season for the markets. (Monday) the markets will be digesting Friday's unemployment data. (Tuesday) will be a tough day for the markets, said Cramer, as both Alcoa (AA) and grocery chain Supervalu (SVU) kick off earnings season. Cramer told viewers to stay away from Supervalu, a serial underperformer that's just off its 52-week low. Alcoa, however, is tougher, as there's still too much aluminum being produced worldwide, despite continued cuts at Alcoa, he said. (Wednesday) Titan Machinery's (TITN) report will offer an early look into the agriculture and construction industries. Also, the Federal Reserve beige book report, another non-event, said Cramer. (Thursday) Google (GOOG) in the spotlight. Cramer said this company is inexpensive, but does have many moving parts that investors like to pick apart. He told investors that Google is not a buy because of these many skeptics, but he still likes the company. (Friday) JP Morgan Chase (JPM) and Wells Fargo (WFC) close out the week. Cramer said that while he likes JP Morgan, Wells Fargo has no ties to Europe and may perform better in the short term. EXECUTIVE DECISION: Cramer once again spoke with John Richels, president and CEO of Devon Energy (DVN) which is expected to grow its production between 22% and 24% this year as the company continues to move away from natural gas into more lucrative oil drilling. Richels said that Devon has no interest in making a dilutive acquisition with its $7.1B in cash on hand. He said that Devon would rather grow organically and the cash is a huge advantage that allows it to do just that. Cramer remained bullish on Devon. With shares of Apple (AAPL) on a tear this year, up 56%, Cramer asked, does Apple have too much influence in the S&P 500? Using the help of his colleague Tim Collins, he dove into the numbers to find out. Apple accounts for 4% of the index and has 20x more pull than the average S&P 500 stock. Collins concluded that most of the S&P 500's performance this year has come from Apple. His analysis showed that the S&P 500 would still be up for the year, even without Apple, but Apple single-handedly canceled out the lackluster performance of all nine of the remaining top 10 largest companies in the index. MAD MAIL: Cramer said that it's time to take profits in Chipsmos Technology (IMOS), a supplier to Apple, and time to wait for InvenSense (INVN), a provider of motion-based controllers for gaming, to give up some of its recent gains. Cramer is still a buyer of Roundy's (RNDY), but he would not be a buyer of Nokia (NOK) on the heels of its new Lumia 900 smartphone launch. NO HUDDLE OFFENSE: Cramer explained what he means when he says a company has "good execution" and why companies like Sandisk (SNDK), Avon Products (AVP) and Bank of America (BAC) simply don't have it. Cramer said that good execution comes from not only a coherent strategy for success, but also the effective use of tactics to make that strategy a reality. Case in point, PPG (PPG), who's CEO Chuck Bunch used terrific execution to steer PPG away from commodities and into proprietary businesses that have high margins.CLOSING COMMENTS: Cramer was bullish on apparel makers PVH Corp (PVH) and VF Corp (VFC) and retailer Bed Bath & Beyond (BBBY). LIGHTNING ROUND: (Bullish) RYN; PCL; DKS; CQP; SLB. (Bearish) ELY; P; BVSN. Reference Link
News For AA;SVU;TITN;GOOG;JPM;WFC;DVN;AAPL;IMOS;INVN;RNDY;NOK;SNDK;AVP;BAC;PPG;PVH;VFC;BBBY;RYN;PCL;DKS;CQP;SLB;ELY;P;BVSN From The Last 14 Days
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January 15, 2015
09:05 EDTBACBank of America sees pick-up in mortgage production in Q1 from re-fi
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09:05 EDTGOOGGoogle and PricewaterhouseCoopers partner to bid for DoD healthcare program
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08:30 EDTAAPLEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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08:11 EDTPPGPPG Industries reports Q4 adjusted EPS $2.11, consensus $1.99
Reports Q4 revenue $3.71B, consensus $3.64B.
07:49 EDTJPMJPMorgan valuation attractive, says Argus
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07:32 EDTBACBank of America down 2.2% after Q4 revenue miss
07:30 EDTBACBank of America reports Q4 FTE headcount down 2.5% from Q3
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07:14 EDTBACBank of America CEO says bank enters 2015 'in good shape'
"In 2014, we continued to invest in our businesses while reducing expenses and resolving our most significant litigation matters. Last quarter, consumer deposits and loan originations were solid; wealth management client balances grew to $2.5 trillion; we increased lending to middle-market and large companies; and we retained a leadership position in investment banking. There's more work and tremendous opportunity ahead as we improve on the platform we've built to serve our customers and clients, and we enter 2015 in good shape to manage both the opportunities and the challenges the markets and economy will offer," said CEO Brian Moynihan.
07:09 EDTBACBank of America reports book value per share $21.32 at Dec. 31, 2014
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07:07 EDTBACBank of America reports Q4 charge-offs $0.9B
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07:04 EDTBACBank of America reports Q4 results include 7c per share charges
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07:02 EDTBACBank of America reports Q4 EPS ex-charges 32c, consensus 32c
Reports Q4 revenue ex DVA/FVA $19.58B, consensus $20.94B.
06:30 EDTGOOGGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
06:25 EDTJPMJPMorgan, Citi fire or suspend Forex employees after Justice Dept probe, WSJ say
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06:21 EDTJPMJPMorgan reports December credit losses 2.56% vs. 2.61% last month
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06:12 EDTAAPLTSMC sales likely to disappoint in Q2, DigiTimes reports
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06:06 EDTAAPLApple downgraded to Neutral from Buy at Mizuho
Mizuho downgraded Apple to Neutral and maintained its $115 price target based on balanced risk/reward. The firm expects solid Q1 results on January 27 and for March outlook to be inline with consensus but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint.
06:05 EDTAAPLApple implied volatility of 39 at upper end of index mean range
05:55 EDTSVUSupermarkets upgraded to Neutral from Cautious at Goldman Sachs
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05:49 EDTSVUSupervalu upgraded to Neutral from Sell at Goldman
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