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February 4, 2010
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| 21:35 EDT |  | AGN |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer said, "There's money to be made in this panic." He reminded viewers that no one ever made a dime while panicking, and that just because everything is down, it doesn't mean it should be. Cramer explained Thursday's brutal market action by telling viewers that thanks to the proliferation of global futures markets and ETFs, stocks are now lumped into baskets, and often trade together even though they shouldn't. He said long gone are the days of fundamental securities analysis, which valued companies individually based on their own merits. Instead, today's markets simply trade the S&P500 ETF, and every stock in the average takes the hit. Cramer also explained that this trend is exasperated by large hedge funds, which trade ETFs and futures for the liquidity they offer. He told viewers to remain vigilant and look for bargains. Cramer said companies like Altria (MO), Visa (V) and Cisco (CSCO) didn't deserve the carnage they received Thursday, and that makes them cheap once the panic has passed. RECOVERY PLAY: Investors who owned shares of Botox maker Allergan (AGN) actually made money Thursday, Cramer said. He spoke with chairman and CEO David Pyott. Pyott said that Allergan has weathered the storm very well, thanks in part to strong sales in its eye care business, which accounts for 47% of sales. He said the company has also seen a 18% increase in its dermal filler products. Pyott said investors need to realize the value of the eye care segment and its new product Latisse. He says Allergan's competition in Botox only has low-double-digit market share and he is not concerned. Cramer called Allergan the best medical aesthetics company in the business and said the company is a great recovery play. Next, Cramer interviewed Richard Hill, chairman and CEO of semiconductor equipment maker Novellus (NVLS), a company at the heart of a new boom in technology. Hill said no factory can make chips without the equipment that they provide. He painted a very bullish picture for his industry, saying that he hasn't seen opportunities this good since the 1990s. Today, Hil said, the market drivers are emerging markets, anti-terrorism and gadget loving consumers. Hill dismissed arguments that a slowdown in China will hamper growth. After reporting a 6c a share earnings beat and offering bullish guidance, Cramer said Novellus is an integral part of his Mobile Internet Tsunami and he'd be a buyer. Then, Cramer sat down with Larry O'Donnell, president and CEO of Waste Management (WM). The comapny's natural decomposition process at 1100 of its landfills, is now powering over 400,000 homes in the U.S. The company also has over 400 collection trucks that are running on clean burning natural gas. LIGHTNING ROUND: (Bullish) MCD; C; PG; WN. (Bearish) BKC; MCRS; AIB; CPB; FTR. Reference Link :theflyonthewall.com |
| | 14:55 EDT |  | AGN |
| theflyonthewall.com: | Allergan 2010 guidance conservative, says Wells Fargo | | After Allergan reported higher than expected Q4 EPS, Wells Fargo thinks the company's growth trends are improving and the firm maintains an Outperform rating on the stock. :theflyonthewall.com |
| | 13:58 EDT | | AGN |
| | 12:44 EDT |  | AGN |
| theflyonthewall.com: | Allergan calls active as shares rally 4% | | Allergan is recently up $2.28 to $59.15 after a positive report from DealReporter. Cowen upgraded AGN to Outperform from Neutral. AGN discovers and develops specialty pharmaceutical products. February put option implied volatility is at 29, March is at 27; below its 26-week average of 32. Call option volume of 4,586 contracts compares to put volume of 948 contracts according to Track Data, suggesting traders taking positions for upside price movement. :theflyonthewall.com |
| | 12:39 EDT |  | AGN |
| | 12:36 EDT | | AGN |
| | 09:06 EDT |  | AGN |
| | 07:03 EDT | | AGN |
| | 07:02 EDT | | AGN |
| | 06:59 EDT | | AGN |
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February 3, 2010
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| 16:45 EDT |  | AGN |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Wednesday 2/3 | | The futures were higher in early trading, but weakened prior to the open. The weakness caused the averages to open slightly lower. Almost immediately, however, the indices moved into positive territory. It looked as if the market would put together its first three day winning streak in several weeks. At 10:00 am, the ISM non-manufacturing report came out slightly below expectations, and that was enough to halt the upside momentum of the averages and push them lower. Once in negative territory, the market traded in a fairly narrow range for the remainder of the day…The Dow fell 26.30 to 10,270.55, the S&P lost 6.04 to 1,097.28, and the Nasdaq gained 0.85 to 2,190.91…Among the biggest gainers: Borders Group (BGP) surged 38.3% to $1.30 after noted investor William Ackman commented that the company was unlikely to go bankrupt. Home Diagnostics (HDIX) soared 87.3% to $11.45 after agreeing to be purchased by Nipro Corp. for $11.50 a share…The losers included: Exide Technologies (XIDE) which slumped 23.2% to $6.08 after Wal-Mart (WMT) decided to drop the company as its automotive battery supplier. Ryder System (R) dropped 7.8% to 34.45 after forecasting Q1 EPS that widely missed analysts’ estimates…CURRENCY: The dollar closed 0.68% higher on the yen at 90.98 and 0.51% lower on the euro at 0.7197…COMMODITIES: Crude oil closed down 0.26 to 76.97...Natural gas lost 0.05 to 5.41...Gold was lower by 5.60 to 1,112.40…ECONOMIC DATA: The ADP National Employment Report showed private sector employment decreased by 22,000 in January. January's ADP Report estimates non-farm private employment in the service-providing sector increased by 38,000. Employment in the goods-producing sector declined 60,000, while employment in the manufacturing sector dropped 25,000...January's ISM non-manufacturing index came in at 50.5, slightly below the consensus of 51.0...Challenger's count of layoff announcements jumped to 71,482 in January, well above December's 45,094...The MBA Purchase Index jumped 10.3% in the January 29 week. The EIA Petroleum Status Report came in as follows: Crude inventories 2.32M build vs. consensus of 400K build. Gasoline inventories 1.31M draw vs. consensus of 1.4M build. Distillates 948K draw vs. consensus of 1.15M draw. Tomorrow…Chain Store Sales, Monster Employment Index, Jobless Claims, Productivity and Costs, RBC Cash Index, Factory Orders, and EIA Natural Gas Report are due…Notable companies reporting Thursday before the opening bell include: Allergan (AGN), Avon (AVP), Chicago Mercantile Exchange (CME), Cigna (CI), Cincinnati Financial (CINF), Hospira (HSP), Kellogg (K), MasterCard (MA), Moody’s (MCO), Sara Lee (SLE), Snap-On (SNA), Spectra Energy (SE), and Starwood Hotels & Resorts (HOT). :theflyonthewall.com |
| | 15:29 EDT | | AGN |
| theflyonthewall.com: | Companies reporting Before the Market Open on Thursday, February 4 | | Notable companies reporting before the opening bell include Allergan (AGN), Chicago Mercantile Exchange (CME), CIGNA (CI), Cincinnati Financial (CINF), Kellogg (K), Hospira (HSP), Moody's (MCO), Sara Lee (SLE), Snap-on (SNA), Spectra Energy (SE), and Starwood Hotels (HOT). :theflyonthewall.com |
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February 2, 2010
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| 15:08 EDT |  | AGN |
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February 1, 2010
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| 09:05 EDT | | AGN |
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January 29, 2010
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| 07:02 EDT | | AGN |
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