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Stock Market & Financial Investment News

News Breaks
April 4, 2012
22:28 EDTXOM, SLV, ECA, AAPL, CCI, T, COP, BIDU, LINE, MSFT, AMT, SBAC, GLD, SINA, TM, INTC, VZ, BBBYJim Cramer's "Mad Money"
Jim Cramer said, when investors are ready to sell at the drop of a hat; that's a clear sign you're in a bull market. He said that Europe no longer has a strangle hold over U.S. markets and if the Fed isn't willing to help out the markets, then the U.S. economy must be even better than we expected. Cramer said there are still many positives in the markets, including a resurgence in real estate and strong retail sales, as evidenced by Bed Bath & Beyond (BBBY). All of these facts point to Wednesday's sell-off being just a pause, said Cramer, and not a top in the markets. Oil prices are still high, noted Cramer, but this time it's due to real global demand and not rampant speculation. Gold stocks are in decline, but that's only because they can't find enough gold to take advantage of record-high prices, he said. Investors looking for a way to play on the wireless data explosion should look no further than SBA Communications (SBAC), Cramer told viewers. With over 300 million wireless subscribers in the U.S. and new data-hungry devices like the iPad on the way, Cramer said the tower companies are among the least risky ways to play the wireless data revolution. With the need for more wireless data growing by the day, Cramer said it's no wonder that wireless carriers like AT&T (T) and Verizon (VZ) are beginning to invest in infrastructure after a multi-year hiatus. So why SBA over rivals American Tower (AMT) and Crown Castle (CCI)? Cramer said that both SBA and American Tower are superior to Crown Castle, but among the two, he likes SBA more because of its superior portfolio of towers and its growth potential. Cramer said the economics at SBA are superb. SBA recently closed a secondary offering of stock, noted Cramer, which is giving investors a rare opportunity to buy shares at a discount to where they would normally trade. He told viewers to use this weakness to buy in. OFF THE CHARTS: Cramer outlined the fundamental reasons why he's bullish on both Intel (INTC) and Microsoft (MSFT). He said while these tech titans were the heart and soul of the PC revolution of the '80s and '90s, new product cycles are breathing new life into these all but forgotten companies. Cramer said of course he likes Apple (AAPL) more than either of these two names, but with Intel and Microsoft paying a 3% and 2.5% dividend, respectively, "how can investors go wrong?" LIGHTNING ROUND: Toyota Motor (TM) the auto companies have had a big move - Cramer is a seller. Cramer likes Linn Energy (LINE), but is not about to dump Encana (ECA) here. He is not a believer in the Chinese market so he is only recommending Baidu.com (BIDU), not Sina Corp (SINA). Cramer is ringing the register on silver and iShares Silver Trust (SLV). He likes the SPDR Gold Shares (GLD). ConocoPhillips (COP) is splitting itself up -- he likes that better than Exxon Mobil (XOM). He would trim positions in XOM. Reference Link
News For BBBY;SBAC;T;VZ;AMT;CCI;INTC;MSFT;AAPL;TM;LINE;ECA;SINA;BIDU;SLV;GLD;COP;XOM From The Last 14 Days
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January 28, 2016
10:44 EDTMSFTStocks with call strike movement; AMZN MSFT
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10:34 EDTAAPLApple supplier Cirrus jumps after results beat expectations
The shares of Cirrus Logic (CRUS) are surging after the company reported stronger than expected third quarter results last night. Research firm Oppenheimer responded to the news by upgrading the stock to Outperform from Market Perform. Cirrus, which develops integrated circuits, is said to get about 75% of its revenue from Apple (AAPL). WHAT'S NEW: Cirrus reported Q3 EPS of 82c, versus analysts' consensus outlook of 81c. The company's revenue also came in slightly above expectations. However, it provided Q4 revenue guidance of $225M at the midpoint of their range of $210M-$240M, versus the consensus outlook of about $260M. However, Cirrus said that it continues to expect its revenue to increase more than 15% in its upcoming fiscal year. "Short-term weakness for certain audio products" caused Cirrus' Q3 results and Q4 outlook to be weaker than the company originally expected, the company stated. iPhones, whose sales came in below analysts' consensus forecast last quarter, utilize audio products from Cirrus. Cirrus CEO Jason Rhode said he remains upbeat about the company's prospects, stating, "We are confident that our strategy of focusing on innovative market leading customers in the fastest growing audio and voice segments will fuel future growth." Rhode added that Cirrus expects to sell more products to its existing customers going forward. ANALYST REACTION: Oppenheimer analyst Rick Schafer upgraded Cirrus to Outperform from Market Perform in a note to investors today. Apple will utilize a smart codec from Cirrus to reduce noise in the earbuds of the upcoming iPhone 7 device, Schafer predicted. As a result, Cirrus will obtain an average of about $5.50 for each iPhone 7 sold, up from about $3.50 for the iPhone 6 and iPhone 6+, the analyst estimated. Meanwhile, Cirrus is selling more of its smart codecs and audio amps to Android smartphone makers, accrding to Schafer. He raised its 2017 EPS estimate for the company to $3.30 from $2.74, and he thinks the company's results could beat expectations through the second half of this year. Schafer set a $40 price target on the shares. PRICE ACTION: In early trading, Cirrus climbed 15.5% to $32.29.
10:28 EDTTMTakata CEO plans to resign, WSJ reports
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10:05 EDTAAPLApple recalls wall plug adapters outside the U.S.
Apple announced a voluntary recall of AC wall plug adapters designed for use in Argentina, Australia, Brazil, Continental Europe, New Zealand and South Korea. "In very rare cases, affected Apple two-prong wall plug adapters may break and create a risk of electrical shock if touched," the iPhone maker said in a statement. The wall plug adapters shipped with Mac and certain iOS devices between 2003 and 2015 and were also included in the Apple World Travel Adapter Kit. Apple is aware of 12 incidents worldwide. The recall does not affect any other Apple AC wall plug adapters designed for Canada, China, Hong Kong, Japan, United Kingdom, United States or any Apple USB power adapters.
09:38 EDTAAPL, MSFTActive equity options trading on open
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08:50 EDTMSFTUBS trims Microsoft estimates for second half on macro uncertainty
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08:04 EDTMSFTHarman CEO: On track to deliver full year plan
"I am pleased to announce our 11th consecutive quarter of top and bottom line growth. Our strong first half results were in-line with our expectations. While we are closely monitoring macroeconomic developments, at this time, we are on track to deliver on our full year plan," said Dinesh C. Paliwal, Harman (HAR) Chairman, President and CEO. "HARMAN continues to innovate and bring industry-first solutions to market. We are also partnering with key technology leaders such as Google (GOOG), Microsoft (MSFT) and Under Armour (UA) to capitalize on the opportunities presented by IoT for automotive, enterprise and consumer electronics. In addition, our acquisition of TowerSec will strengthen our cybersecurity leadership position for automotive."
07:46 EDTAAPLNew iPad Air production to start in Q2, Digitimes reports
Apple is anticipated to unveil its new edition of the iPad Air in March 2016 and production will begin in Q2, with General Interface Solution and TPK to supply touch panels, Digitimes reports, citing Taiwan-based supply chain makers. The new iPad will reportedly come with a 4K resolution panel and up to 4GB in RAM, as well as better battery life, the report says. Reference Link
07:15 EDTAAPLMarathon Patent Group announces trial date of May 2 in case against Apple
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06:56 EDTVZVerizon denies report of bidding on Yahoo core business, CTFN says
Verizon (VZ) spokesperson for Bob Varettoni said the New York Post "was wrong" in reporting on January 23 that the telecom company made an offer to acquire Yahoo's (YHOO) Internet search business, reported CTFN. Varettoni told the publication: "The rumor's false...We've made no offer to acquire Yahoo." Reference Link
06:46 EDTAAPLApple may unveil iPad Air 3 at March event, 9to5Mac reports
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06:32 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
Microsoft January weekly call option implied volatility is at 97, February is at 38; compared to its 52-week range of 15 to 39, suggesting large near term price movement into the expected release of Q2 results today after the market close.
06:30 EDTT, VZYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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06:22 EDTAAPLGoogle, Apple push back on Euro tax deals, FT reports
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06:11 EDTAAPLApple could ship 20M Macs this year, DigiTimes reports
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05:47 EDTTMToyota seen deciding Friday on buying out rest of Daihatsu, Reuters reports
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05:44 EDTVZ, TSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
05:41 EDTTAT&T implied volatility of 17 at lower end of index mean range
05:26 EDTGLDSPDR Gold Trust 30-day implied volatility at 15, 52-week range 12 to 20
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05:26 EDTSLViShares Silver Trust 30-day implied volatility at 24, 52-week range 21 to 35
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