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Stock Market & Financial Investment News

News Breaks
April 10, 2012
21:36 EDTSGI, SU, HEK, XOM, XLK, XHB, VVUS, OC, MON, EXXI, XLF, AA, AMAT, BRCM, BBY, CMG, XRTJim 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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February 22, 2015
11:59 EDTXOMUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 20, 2015
17:09 EDTXOMExxon Mobil awarded $1.01B government contract for aviation turbine fuel
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10:53 EDTSGISilicon Graphics management to meet with Needham
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08:45 EDTXLKTechnology Select Sector SPDR: Pivot points
The following are the pivot points for XLK. Pivot High: $43.030, Pivot Low: $42.730. 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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04:19 EDTAMATStocks with implied volatility movement; AMAT ANF
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February 19, 2015
16:01 EDTAMATOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
11:50 EDTAMATApplied Materials edges closer to its 52-week high
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11:43 EDTAMATApplied Materials calls active on wide price movement
Applied Materials February weekly 24 and March 26 calls are active on total call volume of 69K contracts (3K puts). February weekly option implied volatility is at 46, March is at 40, July is at 32; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement.
08:50 EDTXLKTechnology Select Sector SPDR: Pivot points
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08:46 EDTXLFFinancial Select Sector: Pivot points
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07:31 EDTEXXIEnerCom to hold a conference
The Oil & Services Conference (TOSC) 2015 is being held in San Francisco on February 18-19 with webcasted company presentations to begin on February 19 at 11 am; not all company presentations may be webcasted. Webcast Link
06:58 EDTXOMU.S. oil prices tumble after inventory data released, Reuters says
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06:00 EDTXLFFinancial Select Sector overall volatility at 17, 26-week average is 16
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February 18, 2015
13:02 EDTXOMExxon Mobil experiences 'incident' at California refinery, ABC News reports
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09:32 EDTBBYComarco files patent suit against Best Buy
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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: $24.640, Pivot Low: $24.440. 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.
06:41 EDTXOMExxonMobil Australia 'well positioned' to pursue acquistions, Reuters reports
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05:13 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 16
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