New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 12, 2012
21:36 EDTAAPL, KMP, RIG, SE, ETP, MSFT, ABT, KLAC, SAP, HPQ, AEC, CLH, DWRE, YELP, GRPN, UA, CMG, SJim 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
Check below for free stories on AAPL;CMG;UA;GRPN;YELP;DWRE;CLH;AEC;HPQ;SAP;KLAC;ABT;MSFT;ETP;SE;RIG;KMP;S the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | all recent news | >>
September 3, 2014
16:20 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory after Russian President Vladimir Putin said he had an outline for a cease-fire plan for eastern Ukraine and was closing in an agreement. The averages hit their highs shortly after the open and the Nasdaq was the first index to cross into negative territory as it was weighed down by Apple's (AAPL) decline. The market moved in a narrow range as investors anticipated the Fedís Beige Book report, scheduled for release mid-afternoon. The report was fairly benign and the market limped into the close, with volume remaining light. ECONOMIC EVENTS: U.S. factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book stated that the pace of growth did not change significantly in any of the central bank's 12 regions during a six week period ended in August compared with the previous six week period. COMPANY NEWS: Shares of Apple retreated $4.36, or 4.22%, to $98.94 after research firm Pacific Crest advised investors to take some profits in the stock. Analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which surged $4.81, or 44.05%, to $15.73 after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which jumped $3.94, or 9.16%, to $46.97 ahead of its second quarter earnings report, which is due tomorrow morning. Among the noteworthy losers was Repros Therapeutics (RPRX), which fell $4.11, or 18.55%, to $18.05 after FDA briefing documents ahead of a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower after its earnings report was apparel company Vince Holding (VNCE), which fell $4.47, or 11.54%, to $34.27. Analysts at Piper Jaffray attributed the post-earnings weakness to investor concerns over heightened inventory levels, but the firm said it still sees Vince as one of the best small cap growth names in its space and would be "aggressive buyers" on the weakness. INDEXES: The Dow edged up 10.72, or 0.06%, to 17,078.28, the Nasdaq fell 25.62, or 0.56%, to 4,572.56, and the S&P 500 slipped 1.56, or 0.08%, to 2,000.72.
16:01 EDTAAPLOptions Update; September 3, 2014
Subscribe for More Information
13:33 EDTAAPLGT Advanced September volatility elevated into Apple event
Subscribe for More Information
13:03 EDTSAPConcur advances after report says acquisition being explored
Subscribe for More Information
12:59 EDTAAPLNXP Semiconductors volatility flat as shares near record high into Apple event
NXP Semiconductors overall option implied volatility of 32 is near its 26-week average of 34 according to Track Data, suggesting non-directional price movement.
12:33 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher to begin the day, as reports spurred optimism that a ceasefire agreement between Russia and the Ukraine may soon be reached. The move was short lived, as the averages turned mixed during the second hour of trading. Shares of Apple (AAPL) are weighing down the Nasdaq after an analyst recommended investors take some profits in the stock. ECONOMIC EVENTS: In the U.S., factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book is scheduled to be released at 2:00 pm ET. In Europe, the final reading of Eurozone services PMI was knocked down to 53.1 from a preliminary 53.5 reading, mirroring the lowering of the Eurozone manufacturing PMI reading yesterday. COMPANY NEWS: Shares of Apple retreated 4% after research firm Pacific Crest advised investors to take some profits in the stock. Pacific Crest analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event... Carmakers reported on August vehicle sales in the U.S., with Chrysler (FIATY) reporting a 20% increase, Ford stating that sales rose slightly compared to the prior year and General Motors (GM) posting a 1.2% decline in sales. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which jumped 46% after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which gained nearly 10% after Morgan Stanley wrote that the stock could rise "towards $100" if the company maintains its current market, gross margins and earnings position. Mobileye is scheduled to report on its second quarter results tomorrow morning, which will be its first quarterly report since its August IPO. Among the noteworthy losers was Repros Therapeutics (RPRX), which dropped 15% after newly posted FDA briefing documents regarding a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower following its earnings report was apparel company Vince Holding (VNCE), which fell 11%. INDEXES: Near midday, the Dow was up 33.71, or 0.2%, to 17,101.27, the Nasdaq was down 23.24, or 0.51%, to 4,574.95, and the S&P 500 was down 0.64, or 0.03%, to 2,001.64.
11:44 EDTAAPLApple breaks support, levels to watch
Subscribe for More Information
11:24 EDTAAPLApple slumps after analyst advises taking profits
Subscribe for More Information
10:40 EDTAAPLAnalyst sees security 'spending frenzy' amid high-profile hacks
Subscribe for More Information
10:27 EDTAAPLApple falls, levels to watch
Subscribe for More Information
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
09:32 EDTABTAbbott receives CE Mark for FreeStyle Libre
Subscribe for More Information
09:15 EDTSAPOn The Fly: Pre-market Movers
Subscribe for More Information
08:58 EDTAAPLInvestors should take profits in Apple, says Pacific Crest
Subscribe for More Information
08:12 EDTSSprint will cut expenses further, says Wells Fargo
After meeting with Sprint's new CEO, Wells Fargo thinks the company will significantly cut its expenses. The firm expects the company to use some of the savings from these cuts for marketing and advertising, but it believes that the savings will exceed the additional expenditures. Wells keeps an Outperform rating on the stock.
08:06 EDTAAPLApple iWallet poses threat to PayPal, says RW Baird
Baird said an Apple (AAPL) mobile payments platform will pose a headline risk to eBay's (EBAY) PayPal. The firm sees it as a particular threat to growth opportunities at point-of-sale, although Baird notes PayPal has a solid start, a strong fraud detection platform, compliance with bank regulators, and accelerating growth in e-commerce payments. The firm has Outperform ratings on both stocks, with a price target of $63 on eBay and a target of $105 on Apple.
07:57 EDTAAPLApple coverage assumed with a Perform at Oppenheimer
Subscribe for More Information
07:48 EDTSAPConcur a highly desirable M&A target, says UBS
Subscribe for More Information
07:05 EDTAAPLNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
Subscribe for More Information
06:20 EDTAAPLSupply chains ramp up component production for 9.7-inch iPad, DigiTimes says
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use