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Stock Market & Financial Investment News

News Breaks
April 10, 2012
21:36 EDTAA, VVUS, AMAT, SU, OC, BRCM, HEK, MON, BBY, XOM, EXXI, CMG, XLK, XLF, XRT, XHB, SGIJim 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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September 10, 2014
09:39 EDTMONMonsanto view downgraded to Negative from Mixed at OTR Global
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08:45 EDTXLKTechnology Select Sector SPDR: Pivot points
The following are the pivot points for XLK. Pivot High: $40.300, Pivot Low: $39.710. 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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08:42 EDTCMGChipotle price target raised to $775 from $700 at Oppenheimer
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08:22 EDTXOMBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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08:12 EDTBRCMApple iPhone 802.11ac support a positve for Broadcom, says Macquarie
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05:52 EDTXLFFinancial Select Sector overall volatility at 15, 26-week average is 15
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September 9, 2014
12:46 EDTVVUSNovo Nordisk weight loss drug helped people get thinner, Bloomberg reports
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10:35 EDTCMGGundlach says Chipotle shares 'horribly' overvalued
DoubleLine Capital's Jeff Gundlach is speaking on CNBC.
10:10 EDTAAOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
08:45 EDTXLKTechnology Select Sector SPDR: Pivot points
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08:45 EDTXLFFinancial Select Sector: Pivot points
The following are the pivot points for XLF. Pivot High: $23.600, Pivot Low: $23.430. 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.
08:10 EDTAAAlcoainitiated with an Outperform at Bernstein
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05:57 EDTXLFFinancial Select Sector overall volatility at 13, 26-week average is 15
September 8, 2014
10:06 EDTSGIOn The Fly: Analyst Upgrade Summary
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08:45 EDTXLKTechnology Select Sector SPDR: Pivot points
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08:45 EDTXLFFinancial Select Sector: Pivot points
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07:48 EDTSGISilicon Graphics upgraded to Buy from Neutral at DA Davidson
DA Davidson upgraded Silicon Graphics to Buy based on valuation and the SAP High-performance Analytic Appliance opportunity. Price target raised to $12 from $10.
06:21 EDTBBYSmartwatch market to reach $10B by 2018, says Citigroup
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05:57 EDTXLFFinancial Select Sector overall volatility at 13, 26-week average is 15
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