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Stock Market & Financial Investment News

News Breaks
April 10, 2012
21:36 EDTAMAT, BRCM, BBY, CMG, XRT, SGI, SU, HEK, XOM, XLK, XHB, VVUS, OC, MON, EXXI, XLF, AAJim Cramer's "Mad Money"
Even after a fifth day of declines, Jim Cramer said it's still not time to throw in the towel. He said the many negatives: weak unemployment, low business confidence, declining Chinese imports and the mess that is the Italian bond market are already factored into the market. Also, the markets have had an incredible run since September and are due for a pullback. But what's not factored into the markets, said Cramer, are earnings and earnings surprises like those delivered by Alcoa (AA). The markets are also sending all stocks lower, which creates opportunities for the sectors that don't deserve that punishment. Cramer said he simply cannot be bearish on restaurants or retail when oil prices are likely to retreat, nor can he be bearish on high-growth stocks or on companies that prosper when their fuel costs are falling. OFF THE CHARTS: Cramer and colleague Tim Collins went over the health of the overall market as seen through a technician's eyes. Collins used a recent chart of the S&P 500 to note that the index took a turn for the worse Tuesday after it fell below a key level of 1370. He said after that point, sector after sector began to get crushed as the selling intensified. Collins noted that the S&P Homebuilder ETF (XHB) looked as if it was going to test its 50-day moving average once again and bounce higher, but after Tuesday's action, the chart has now turned ugly. Collins noted similar patterns with the S&P Retail ETF (XRT), SPDR Financial ETF (XLF) and the SPDR Technology ETF (XLK), all of which showed a shimmer of hope until Tuesday's selling gained steam. Cramer recommends that investors stick with the fundamentals of individual high-growth stocks and use a longer time horizon. Next, Cramer reminded viewers, as he once again highlighted Chipotle Mexican Grill (CMG) as a quality growth company that investors should consider for their portfolios. Even after Tuesday's selloff, shares of Chipotle are only 2% off their 52-week high. Cramer told viewers not to chase Chipotle shares higher and to instead wait for a market pullback, and buy in on the cheap over time. EXECUTIVE DECISION: Cramer spoke with John Schiller, chairman and CEO of Energy XXI (EXXI), a little-known oil driller that is proving there's still a lot of money to be made drilling for oil. With oil prices near record levels, the oil fields purchased from Exxon-Mobil (XOM) just a few years ago are now windfalls for Energy XXI. Schiller said he sees oil trading between $115 and $140 a barrel longer term. Cramer said that Energy XXI, while not a household name, is one oil driller that should be on every investor's radar. NO HUDDLE OFFENSE: Cramer opined on the sudden departure of Best Buy's (BBY) CEO. Cramer has been negative on Best Buy for ages, and agrees with many who feel that the company may not survive its battle with online retailers who can sell their commodity items for less money and often without sales tax. Cramer also agreed that Best Buy squandered its cash by spending $1.5B to buy back shares. LIGHTNING ROUND: (Bullish) MON; HEK; BRCM; OC. (Bearish) SU; AMAT; VVUS; SGI. Reference Link
News For AA;XHB;XRT;XLF;XLK;CMG;EXXI;XOM;BBY;MON;HEK;BRCM;OC;SU;AMAT;VVUS;SGI From The Last 14 Days
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August 24, 2015
15:09 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
12:29 EDTBBYBest Buy technical comments ahead of results
The shares have been trading in a bearish price channel since a peak of price in March of this year. If the news continues to be bearish, the current trend will likely continue. Next support below the current price of $30.53 is at the $29.50 area, the low of the current price channel. If the news is a sharp negative surprise, next supports will be at $28.11, $27.17, and $26.60. If the news is a bullish surprise, the top of the price channel at $32.78 would be the first important upside objective. It would take a breakout above the channel top to turn the trend back toward bullish. Next resistance above the channel would be at $33.75.
12:17 EDTMONMonsanto to raise Syngenta bid to about CHF470 per share, Bloomberg says
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11:44 EDTMONMonsanto to raise Syngenta bid to about CHF 470 per share, Bloomberg says
This would equate to about $47B and be up from CHF 449 per share previously, Bloomberg noted.
11:31 EDTBBYBest Buy volatility increases into Q2 and outlook
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09:03 EDTCMGChipotle price target raised to $740 from $620 at Wedbush
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09:00 EDTCMGChipotle to hire 4,000 people on a single day on September 9
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08:46 EDTXLKTechnology Select Sector SPDR: Pivot points
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08:45 EDTXLFFinancial Select Sector: Pivot points
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06:36 EDTCMGChipotle to hire 4,000 employees in one day next month, WSJ reports
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06:22 EDTBRCMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
05:43 EDTXLFFinancial Select Sector 30-day implied volatility at 26, 52-week range 11 to 26
August 23, 2015
17:49 EDTXOMIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
16:01 EDTXOMOptions Update; August 21, 2015
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13:01 EDTXLFFinancial Select Sector volatility spikes
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11:04 EDTSGISilicon Graphics initiated with a Buy at Sidoti
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08:46 EDTXLKTechnology Select Sector SPDR: Pivot points
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08:45 EDTXLFFinancial Select Sector: Pivot points
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06:31 EDTBBYBest Buy volatility into Q2 and outlook
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05:59 EDTXLFFinancial Select Sector 30-day implied volatility at 21, 52-week range 11 to 24
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