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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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July 16, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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06:44 EDTMONMonsanto-Syngenta tie-up needs many concessions, WSJ reports
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05:44 EDTXLFFinancial Select Sector 30-day implied volatility at 13, 52-week range 11 to 24
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July 15, 2015
16:21 EDTCMGChipotle initiated with a Buy at BTIG
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12:34 EDTCMGGundlach says still short Chipotle, Delta, though may soon exit those positions
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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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07:45 EDTMONSenator urges Monsanto to reconsider inversion if Syngenta deal succeeds
U.S. Senator Dick Durbin announced that in a meeting with Monsanto (MON) CEO Hugh Grant, Durbin urged the company to keep its United States tax address if its intended acquisition of Syngenta (SYT) succeeds. “Like so many large companies in the U.S., Monsanto has prospered in large part due to U.S. taxpayer-funded programs and services... I urged Monsanto CEO High Grant to reconsider the company’s corporate inversion plans to move its tax address to Europe. I also made it very clear that I will do all I can in Congress to close the loophole that allows corporations to avoid their U.S. tax responsibility,” said Durbin.
06:25 EDTXOMMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link
05:56 EDTXLFFinancial Select Sector 30-day implied volatility at 14, 52-week range 11 to 24
July 14, 2015
18:47 EDTSUSuncor begins radio frequency pilot at Dover site
Suncor Energy (SU), along with its partners in the project, announced the first radio frequency pilot for oil recovery within an in situ reservoir. The technology, Enhanced Solvent Extraction Incorporating Electromagnetic Heating, uses radio frequency to heat the reservoir and adds a solvent which facilitates the movement of the bitumen to the surface. The ESEIEH project partners are Devon (DVN), Nexen Energy ULC (NXY), Suncor, Harris Corporation, with funding in part from the Climate Change and Emissions Management Corporation. The technology will be tested at Suncor's Dover test site, north of Fort McMurray, Alta. The group has been collaborating on this technology since 2011 with initial physical testing of the technology in 2012 at Suncor's Steepbank mine facility. Testing will now begin at an in situ reservoir for approximately 24 months.
17:52 EDTAAS&P announces changes to the S&P 500, 400, 600, and 100 indices
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16:51 EDTMONPaulson takes stake in Syngenta to support Monsanto merger, Bloomberg says
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16:42 EDTMONPaulson builds Syngenta stake to back Monsanto deal, Bloomberg says
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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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07:46 EDTMONJacobs selected by Monsanto for work on potential expansion in Louisiana
Jacobs Engineering Group (JEC) was selected by Monsanto Company (MON) to provide engineering and procurement for a potential expansion of its St. Charles Parish operations in Luling, La.
07:37 EDTOCOwens Corning shares remain overvalued at MKM Partners
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07:32 EDTMONFederal Reserve Bank of Kansas City to hold a symposium
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06:05 EDTXLFFinancial Select Sector 30-day implied volatility at 15, 52-week range 11 to 24
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