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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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December 9, 2014
16:07 EDTBRCMBroadcom increases dividend to 14c, authorizes $1B stock repurchase plan
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16:05 EDTBRCMBroadcom increases dividend to 14c, authorizes $1B stock repurchase plan
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16:04 EDTBRCMBroadcom raises Q4 revenue view to $2.075B-$2.15B, consensus $2.09B
Broadcom maintained the guided range for Q4 product dross margin on both a GAAP and non-GAAP basis. Now sees Q4 R&D and SG&A expenses closer to down about $50M and down about $40M on a GAAP and non-GAAP basis, respectively.
16:00 EDTAAOptions Update; December 9, 2014
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08:55 EDTXOMExxon Mobil to hold a webcast
Vice Presidents Colton and Cohen hold a webcast to launch ExxonMobil's 2015 Outlook for Energy: A View to 2040 on December 9 at 1 pm. Webcast Link
08:45 EDTXLKTechnology Select Sector SPDR: Pivot points
The following are the pivot points for XLK. Pivot High: $41.900, Pivot Low: $41.300. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:45 EDTXLFFinancial Select Sector: Pivot points
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07:14 EDTAMATApplied Materials price target raised to $29 from $25 at Stifel
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05:59 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 15
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December 8, 2014
16:00 EDTAMATOptions Update; December 8, 2014
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15:18 EDTBRCMBroadcom December volatility elevated into analyst day
Broadcom December weekly call option implied volatility is at 53, December is at 34, January is at 27; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into a company sponsored analyst day on December 10.
10:00 EDTAMATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:33 EDTEXXIEnergy XXI downgraded to Market Perform from Outperform at BMO Capital
08:45 EDTXLKTechnology Select Sector SPDR: Pivot points
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08:45 EDTXLFFinancial Select Sector: Pivot points
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08:09 EDTXOMExxon Mobil management to meet with UBS
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07:53 EDTXOMClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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06:47 EDTCMGChipotle coverage resumed with a Buy at Goldman
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06:40 EDTAMATApplied Materials upgraded to Buy from Hold at Deutsche Bank
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05:55 EDTXLFFinancial Select Sector overall volatility at 15, 26-week average is 15
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