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Stock Market & Financial Investment News

News Breaks
April 8, 2012
22:20 EDTAA, PPG, PVH, VFC, BBBY, RYN, PCL, DKS, CQP, SLB, ELY, P, BAC, AVP, SNDK, SVU, TITN, GOOG, JPM, WFC, DVN, AAPL, IMOS, INVN, RNDY, NOK, BVSNJim 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
Check below for free stories on 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 the last two weeks.
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April 10, 2014
08:37 EDTJPMDimon admits JPMorgan had 'tin ear' when listening to regulators, Reuters says
JPMorgan CEO Jamie Dimon said the company had a “tin ear” when dealing with regulators before settling investigations into mortgage lapses and trading losses, according to Reuters, citing comments from Dimon in a letter to the bank's investors. Dimon said, "Our response generally was, ‘We know what we’re doing.' Well, we should have done more self-examination. We need to be better listeners.” Reference Link
08:22 EDTAAPLApple seen offering iWatches priced as high as 'thousands,' AppleInsider says
KGI analyst Ming-Chi Kuo, who has a proven track record of predicting about Apple hardware, predicts that one of the major differences between Apple's smartwatch and those from rivals will be that its casing and band will come in a variety of materials and that luxury iWatches will carry a price tag of "several thousand dollars," reported AppleInsider. Other features expected by Kuo for the device, including biometrics, a flexible AMOLED display with sapphire cover lens and NFC, the report added. Reference Link
07:43 EDTBBBYBed Bath & Beyond price target lowered to $75 from $80 at Argus
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07:43 EDTJPMJPMorgan (JPM) CEO says 2013 was a year of 'pain,' WSJ reports
J.P. Morgan CEO Jamie Dimon acknowledged in his annual shareholder letter that legal issues and new regulations faced by the bank made 2013 "the most painful, difficult and nerve-wracking experience" he has ever dealt with professionally, reported The Wall Street Journal. Reference Link
07:39 EDTAAPLApple Chief Designer gains more say over software, Bloomberg says
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07:30 EDTWFCWells Fargo April volatility elevated at 20 into Q1 and outlook
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07:24 EDTAAPLApple may release 12" Retina MacBook Air, low price iMac in 2014, MacRumors says
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07:15 EDTBBBYBed Bath & Beyond price target lowererd to $70 from $78 at Credit Suisse
Credit Suisse lowered Bed Bath & Beyond 's estimates due to slower than expected buybacks and a lower growth rated. Shares are Neutral rated.
07:13 EDTDVNAnadarko and Devon midstream assets underappreciated, says Credit Suisse
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06:54 EDTTITNTitan Machinery to reduce its Construction segment headcount by 11.7%
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06:52 EDTTITNTitan Machinery sees 2015 EPS 58c-88c with items, consensus 89c
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06:49 EDTTITNTitan Machinery reports Q4 adjusted EPS 35c, consensus 20c
Reports Q4 revenue $708.6M, consensus $725.07M.
06:49 EDTGOOGMotorola Mobility names Osterloh COO
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06:48 EDTAAPLApple initiated with a Buy at Deutsche Bank
Deutsche Bank believes the iPhone and iPad offer good growth for Apple with upside coming from the potential for a larger screen sized phone. The firm initiated the stock with a Buy rating and $650 price target.
06:41 EDTAAPLApple confirms Christie departure, FT reports
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06:41 EDTJPMGo Daddy hires Morgan Stanley, JPMorgan for IPO, NY Times says
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06:35 EDTWFC, BAC, JPMMobile banking presents opportunity and risks for banks, WSJ reports
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06:29 EDTGOOGAT&T in talks to bring ultrafast internet to North Carolina, WSJ reports
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06:03 EDTIMOSChipMOS reports March revenue up 7.9% to $57.1M
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05:49 EDTBBBYBed Bath & Beyond downgraded to Neutral from Buy at BofA/Merrill
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