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Stock Market & Financial Investment News

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March 12, 2012
21:36 EDTYELP, CMG, RIG, MSFT, SAP, CLH, GRPN, AAPL, S, SE, ABT, HPQ, DWRE, UA, KMP, ETP, KLAC, AECJim Cramer's "Mad Money"
Many bears complain that the markets have risen too far, too fast. However, Jim Cramer reminded viewers that stocks are still cheap when compared to various other points in history. Cramer put Apple's (AAPL) parabolic rise into context. He divided its share price by ten. Using that arithmetic, Apple was a $40 stock that's risen to $55. "That's not a big move," declared Cramer. Apple still has a P/E ratio of just 13x, while the average stock in the S&P 500 is trading at 14x. He also compared Apple to similar high-growth names, like Chipotle Mexican Grill (CMG) and Under Armour (UA). Both of these stocks have price earnings multiples of 40x. Cramer also discounted fears about the retail sector, noting that job growth trumps any rise in gasoline prices and will keep this sector humming along. His only true worry are the transports. But even here, a case can be made that weak coal demand is hurting the rails while higher fuel prices is crimping the airlines. Cramer said that stocks will slip and slide from time to time, but added that if investors get too negative, they will miss brilliant moves by Apple and others. KNOW YOUR IPO: Cramer said unlike Groupon (GRPN) and Yelp (YELP), average investors can actually get shares of the Demandware (DWRE) IPO, and the company actually has a good subscription based business model to boot. Demandware expects to come public trading around 5.5x its sales, but Cramer said the company deserves a premium multiple around 7x sales given its potential for growth. That would make Demandware IPO shares a steal up to $16 a share. EXECUTIVE DECISION: Cramer once again welcomed Alan McKim, president and CEO of Clean Harbors (CLH), which is in the business of making dirty industries cleaner. The company on Feb. 22 beat earnings by 24c on higher revenue and raised full-year guidance. McKim was bullish on Clean Harbors' outlook on the manufacturing sector. Cramer continued his recommendation. Cramer also spoke with Jeffrey Friedman, chairman, president and CEO of Associated Estates Realty (AEC), an apartment real estate REIT that operates 52 apartment properties in 8 states and has a 4% dividend yield. Friedman was all to eager to offer a different perspective to Cramer's recent pan of the entire apartment REIT sector. Cramer said he was wrong to put the entire sector into the same boat. He said that Associated Estates has a good yield and good growth, and the apartment REITs should be considered on a company by company basis. NO HUDDLE OFFENSE: Cramer said he sees no area where Hewlett-Packard (HPQ) has a dominant position, except maybe in printers. But even there, customers would love to be freed from confusing, over-priced ink cartridge refills. Cramer said he seeing rivals like SAP (SAP) cherry-picking HP's consulting business, while Apple continues to dominate in phones, tablets, notebooks and desktops. LIGHTNING ROUND: (Bullish) KLAC; ABT; MSFT; ETP; SE. (Bearish) RIG; KMP; S. Reference Link
News For AAPL;CMG;UA;GRPN;YELP;DWRE;CLH;AEC;HPQ;SAP;KLAC;ABT;MSFT;ETP;SE;RIG;KMP;S From The Last 14 Days
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April 13, 2015
16:21 EDTAAPLOn The Fly: Top stock stories for Monday
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16:01 EDTAAPLOptions Update; April 13, 2015
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13:26 EDTAAPLOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
12:46 EDTAAPLApple to update capital return policy on April 27, says Piper Jaffray
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12:02 EDTMSFTMicrosoft hires Kurt DelBene to head corporate strategy and planning
Microsoft announced that Kurt DelBene has been named executive vice president of Corporate Strategy and Planning reporting to Microsoft CEO Satya Nadella. DelBene is returning to Microsoft, where he was most recently president of the Microsoft Office Division. After leaving Microsoft in 2013, he then served as senior advisor to the Secretary of Health and Human Services where he was appointed by President Obama to oversee implementation and improvement of Healthcare.gov. He most recently has been a venture partner at Madrona Venture Group, concentrating on investing and advising in early stage, technology-focused startups in the Pacific Northwest.
09:34 EDTAAPLActive equity options trading on open
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09:24 EDTAAPLApple Watch sales conversion showing good results, says Cowen
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09:20 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
08:32 EDTUAUnder Armour rises after Spieth brings attention to golf gear
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07:48 EDTAAPLVocera announces first clinical communications app for Apple Watch
Vocera (VCRA) announced the Vocera app for Apple's (AAPL) Apple Watch. The Apple Watch enables Vocera to extend the power of the Vocera Communication Platform in new ways so physicians and care teams can engage with and respond to life-critical communications and alerts. The Vocera app for Apple Watch will allow users to rapidly manage life-critical communications by viewing and responding to prioritized calls, alerts, and messages from other care team members, Electronic Health Records and clinical systems, including critical lab values and STAT orders. In addition, users will be able to manage key communication functions by setting their availability to enable proper message routing. The Vocera app also allows users to initiate panic calls in "man-down" emergency situations, improving staff safety. The Vocera app will be available this summer from the Apple Watch App Store.
07:29 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
Apple April call option implied volatility is at 28, May weekly is at 36, June is at 29; compared to its 26-week average of 26 according to Track Data, suggesting large May price into the expected release of Q2 results on April 27.
07:15 EDTAAPLApple Watch orders totaled about 957K in U.S. on first day, Apple Insider says
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06:51 EDTAAPLApple Watch off to strong start, says Cantor
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06:35 EDTAAPLApple Watch trends show solid demand, limited supply, says Piper Jaffray
Piper Jaffray says lead-times for the Apple Watch were unchanged over the weekend, which it views as an indication that Apple is expecting a ramp in production in mid-May to June. Overall, Piper views the Watch trends over the weekend as suggesting solid demand paired with very limited supply. It maintains an Overweight rating on Apple with a $160 price target.
06:30 EDTAAPLApple in talks with Florence and the Machine for Beats service, Bloomberg says
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06:06 EDTSSprint introduces Sprint Direct 2 U service
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05:59 EDTAAPLApple contacts Irish banks ahead of Apple Pay rollou, The Independent says
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April 12, 2015
19:21 EDTSSprint introduces free international roaming
In a press release Friday, Sprint introduced "International Value Roaming," giving customers the ability to travel to areas in Latin America, Europe and Japan and roam with up to 2G speeds to read emails and surf the web at no additional charge. Additionally, they can send unlimited text messages for no extra charge, and they can call for 20c per minute. Eligible countries for International Value Roaming are Argentina, Brazil, Chile, Costa Rica, El Salvador, Germany, Guatemala, Japan, Mexico, Nicaragua, Panama, Russia, South Korea, Spain and the United Kingdom. Customers looking for higher data speeds can choose from three "International Speed Data Roaming options" offering up to 3G network speeds for one-day, seven-day and 14-day passes, starting at $15.
19:01 EDTAAPL, MSFTNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
18:32 EDTRIGObama administration expected to toughen offshore drilling regulations, WSJ says
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