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April 2, 2012
Jim Cramer said in 2012 the U.S. markets are behind the wheel and it's Europe that's alone in the back seat. He said it was strong U.S. economic data Monday that set the tone for the markets. And with the U.S. economy taking center stage, that bodes well for U.S stocks, including retail, housing, technology, autos and restaurants, he concluded. Only the commodity related stocks, like mining and minerals, along with copper and metals, will hinge on news from China, said Cramer. IPOs: Cramer explained that sometimes, an IPO's high share price is actually warranted. He often highlights deals that are good investments only if investors can get in on the IPO shares themselves. Cramer always recommends selling those same shares immediately after they pop on their first day of trading. Such was the case with Annie's (BNNY), the makers of healthy, organic foods that came public last Wednesday. Cramer said he initially panned the IPO, giving his usual "take the money and run" advice. But after taking some time to analyze the company, he said that Annie's is one of only a few companies actually worth holding for the long run. Investors should think of the company as a younger sibling to Hain Celestial (HAIN). Hain trades at 25x earnings with a 13% growth rate, but Annie's is trading at just 23x earnings, despite it's likely to be growing around 22% if it follows last year's trends. Even at its current levels around $34 a share, Annie's is still inexpensive if it can maintain its growth targets. EXECUTIVE DECISION: Cramer sat down with Richard Gelfond, CEO of big-screen theater purveyor IMAX (IMAX), a company Cramer said may finally be poised for substantial growth. Gelfond said that IMAX has been growing 30% a year for the past three years and now has a backlog of 250 theaters. He called the company's recent growth "meteoric," noting that IMAX only has 225 theaters in China, a country with enormous growth potential. Cramer is a fan of IMAX, especially given the company's growth prospects and the fact that its earnings are no longer dependent on Hollywood's next blockbuster release. Cramer also spoke with Jim Whitehurst, president and CEO of Red Hat (RHT), the software maker that saw its shares jump 20% when it reported a surprise 31% increase in its billings. Shares of Red Hat are now up 47% so far this year and 56% since Cramer last spoke with Whitehurst last October. Whitehurst explained the 20% jump in Red Hat shares by saying that Wall Street analysts continue to underestimate the company's business model. Cramer said while shares of Red Hat are red hot at the moment, someday soon there will be a big down day in the markets, which will create the perfect time to buy in. NO HUDDLE OFFENSE: Cramer opined on Avon Products' (AVP) decision to decline a takeover bid that valued the company 20% higher than where it was currently trading. Cramer said Avon was right to decline the deal, as it merely valued the company to where it should have been had the Avon's board of directors given former-CEO Andrea Jung the boot years ago instead of only in last December. He said that under new management, Avon should be able to reclaim a lot of its lost value and may someday be strong enough to buy its proposed suitor, instead of the other way around. LIGHTNING ROUND: (Bullish) MGA; APC; CERN; GOOG; CSCO. (Bearish) TWI; SHLD; MDRX; ARLP. Reference Link
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November 13, 2015
05:51 EDTCSCOCisco pullback a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Troy Jensen recommends using the post-earnings pullback in shares of Cisco Systems as a buying opportunity. Currency headwinds are a "minor hiccup" and the stock remains relatively inexpensive, Jensen tells investors in a research note. He believes Cisco's product portfolio is strengthening in the marketplace even though the company's Q2 revenue growth outlook of flat to 2% missed its long-term target growth rate of 3%-6%. The analyst lowered his price target for shares to $31 from $34 and reiterates an Overweight rating on the name. Cisco traded down $1.41 to $26.42 last night in after-hours trading.
November 12, 2015
19:00 EDTCSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: USA Technologies (USAT), up 15.9%... Blue Buffalo (BUFF), up 7.3%... Planet Fitness (PLNT), up 12.3%... Darling Ingredients (DAR), up 8.1%... Applied Materials (AMAT), up 3.8%... Lipocine (LPCN), up 19.9% after reporting quarterly results and that the FDA has assigned a Prescription Drug User Fee Act goal date of June 28, 2016. ALSO HIGHER: Syngenta (SYT), up 14.5% after Bloomberg reported that the company rejected an initial $42B bid from ChemChina... Yum! Brands (YUM), up 4.1% after reporting that October China Same-Store Sales are up 5%. DOWN AFTER EARNINGS: bebe stores (BEBE), down 10.5%... Nordstrom (JWN), down 20.3%... Fossil (FOSL), down 14.7%... Cisco (CSCO), down 4.8%... El Pollo LoCo (LOCO), down 8.7%... Tahoe Resources (TAHO), down 7.2%. ALSO LOWER: Paycom Software (PAYC), down 5.2%... Netflix (NFLX) down 1% after Dow Jones reported that Hulu, a joint venture of Disney (DIS), Comcast (CMCSA, CMCSK), and Fox (FOX, FOXA), is in discussions to sell a stake in the company to Time Warner (TWX)... TJX Companies (TJX), down 4%, Burlington Stores (BURL), down 5.3%, Macy's (M), down 1.6%, Target (TGT), down 1.9%, J.C. Penney (JCP), down 1.4%, and Kohl's (KSS), down 1.3%, after Nordstrom reported quarterly results and cut its fiscal 2015 guidance.
18:58 EDTGOOGT-Mobile in preliminary talks to include YouTube in 'Binge On' service, WSJ says
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18:01 EDTCSCOCisco says saw lower order growth in Q1 driven by uncertainty from macro
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17:27 EDTCSCOCisco slides 5.25% or $1.43 to $26.40 after reporting Q1 results, guidance
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16:11 EDTCSCOCisco sees Q2 non-GAAP gross margin 62%-63%
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16:09 EDTCSCOCisco reports Q1 gross margin 63.2%
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16:07 EDTCSCOCisco sees Q2 EPS 53c-55c, consensus 56c
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16:06 EDTCSCOCisco reports Q1 EPS 59c, consensus 56c
Reports Q1 revenue $12.7B, consensus $12.65B.
16:00 EDTCSCOOptions Update; November 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.28 to 20.18. Option volume leaders: GE AAPL MNKD XOM BAC FB SUNE CSCO NFLX SYF BABA MSFT
14:30 EDTCSCONotable companies reporting after market close
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13:50 EDTCSCOCisco is rangebound ahead of earnings
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13:31 EDTCSCOCisco November weekly 28 straddle priced for 4.6% movement into Q1
13:24 EDTCSCO, GOOGEarnings Watch: Cisco seeks to break out of trading rut with Q1 report
Cisco Systems (CSCO) is scheduled to report results of its fiscal first quarter after the market close on Thursday, November 12 with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 56c on revenue of $12.65B, according to First Call. The consensus range for EPS is 55c-59c on revenue of $12.55B-$12.81B. Along with its quarterly report, Cisco guided to Q1 EPS of 55c-57c and said it expects its revenue to increase 2%-4% year over year. LAST QUARTER: On August 12, Cisco reported fourth quarter EPS of 59c on revenue of $12.8B, beating consensus estimates of 56c and $12.65B for EPS and revenue, respectively. NEWS: On its Q4 earnings conference call, Cisco said that it was looking at acquisitions at the right price, particularly in areas like software and security. On August 31, Apple (AAPL) and Cisco announced a partnership to build a "fast lane" for iOS business users by optimizing Cisco networks for iOS devices and apps, integrating iPhone with Cisco enterprise environments and providing unique collaboration on iPhone and iPad. The next day, Cisco was among multiple other companies, including Amazon (AMZN), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla, and Netflix (NFLX), announcing the formation of the Alliance for Open Media to build next-generation media formats, codecs, and technologies in the public interest. On September 3, Business Insider reported that people at Cisco still though that chairman John Chambers was running the show as chief executive officer after appointing Chuck Robbins to that role last May. On September 15, Mandiant, a FireEye (FEYE) subsidiary, said in a blog post that researchers discovered previously unknown attacks on certain routers and that such attacks replace the operating system used in Cisco equipment. About a week later, the Wall Street Journal reported that Cisco was aiming to strengthen its business in China by joining forces with Inspur group, a move which was confirmed on September 24. On October 29, Cisco announced its intention to acquire 1 Mainstream. CNBC later reported that the company paid $100M-$150M to acquire 1 Mainstream. On November 9, Ericsson (ERIC) and Cisco announced a global business and technology partnership to "create the networks of the future." The companies said that the strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp to $1B or more for each by 2018. STREET RESEARCH: On August 17, Morgan Stanley downgraded Cisco to Equal Weight from Overweight and maintained a $30 price target on the stock, saying it did not believe improved growth is "secular" and anticipates growth will revert to GDP like levels as the upgrade cycle concludes. Wells Fargo said on August 28 that a 10% selloff in communication tech stocks, including Cisco, had created an attractive buying opportunity. Bernstein said a week later that Cisco, Juniper (JNPR), and F5 Networks (FFIV) should be bought on wider macro economic weakness. On October 6, Citi initiated coverage of Cisco with a Buy rating and $30 price target. A week later, Barclays initiated coverage of Cisco with an Overweight rating and a $32 price target. On November 9, RBC Capital maintained an Outperform rating and $33 price target on Cisco, saying it expects the company to report slightly better than expected results. The next day, SunTrust maintained a Buy rating on Cisco, saying its partnership with Ericsson was a positive and should strengthen Cisco's service provider business. PRICE ACTION: In afternoon trading ahead of tonight's report, Cisco shares were up 0.5% to $27.97. In the last three months, Cisco shares are fractionally higher and virtually unchanged when discounting this afternoon's slight rise.
12:38 EDTGOOGYouTube launches Music app
YouTube has launched the YouTube Music app for iOS and Android. In a blog post, the company commented, YouTube is offering a free 14-day trial of premium mode. "No matter where you start in the app, the music will never stop. Every song you play or artist you choose will take you on an endless journey through YouTube's music catalog. A simple tap and you're on your way, enjoying your favorite music and discovering new artists effortlessly. The home tab will recommend tracks just for you and create personalized stations based on your tastes." Reference Link
10:58 EDTCSCOCisco volatility elevated into Q1 and outlook
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10:00 EDTAPCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 51job (JOBS) downgraded to Neutral from Buy at Citi... Amdocs (DOX) downgraded to Equal Weight from Overweight at Barclays... Anadarko (APC) downgraded to Accumulate from Buy at Tudor Pickering... Axiom says SunEdison (SUNE) credibility 'impaired,' cuts to Sell... BBVA Banco Frances (BFR) downgraded to Market Perform at Raymond James... Black Diamond Group (BDIMF) downgraded to Outperform from Strong Buy at Raymond James... CACI (CACI) downgraded to Hold from Buy at Noble Financial... Cimarex Energy (XEC) downgraded to Equal Weight from Overweight at Stephens... Crown Holdings (CCK) downgraded to Market Perform from Outperform at Wells Fargo... Energias de Portugal (EDPFY) downgraded to Hold from Buy at HSBC... Enterprise Financial Services (EFSC) downgraded to Neutral from Buy at DA Davidson... Freshpet (FRPT) downgraded to Neutral from Outperform at Credit Suisse... Hanover Insurance (THG) downgraded to Neutral from Overweight at Piper Jaffray... Kayne Anderson (KED) downgraded to Hold from Buy at Stifel... MAM Software (MAMS) downgraded to Neutral from Buy at B. Riley... Man Group (MNGPY) downgraded to Sector Perform from Outperform at RBC Capital... PDC Energy (PDCE) downgraded to Equal Weight from Overweight at Stephens... Parsley Energy (PE) downgraded to Sector Perform from Outperform at Iberia... Quanta Services (PWR) downgraded to Neutral from Outperform at Baird... Santander Brasil (BSBR) downgraded to Underweight from Neutral at JPMorgan... SeaWorld (SEAS) downgraded to Underperform at BofA/Merrill... SunEdison (SUNE) downgraded to Sell from Neutral at Axiom... UniCredit (UNCFF) downgraded to Market Perform from Outperform at Keefe Bruyette... VF Corp. (VFC) downgraded on negative outlook, valuation at Sterne Agee CRT.
09:57 EDTRHTRed Hat recommended as a Long Idea at Needham
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09:19 EDTGOOGPayPal sinks with Apple eyeing peer-to-peer payments
Shares of PayPal (PYPL) are weak again this morning following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Analysts that were already split about PayPal's prospects are also divided on the potential impact of Apple's entry, with a bull at Citi downplaying the risk and a bear at Piper Jaffray voicing greater concern. APPLE COMPETITION: Apple is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal yesterday afternoon, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's Venmo peer-to-peer, or P2P, payment platform, the Journal said. BULLISH TAKE: Citi analyst Ashwin Shirvaikar says his Buy thesis on PayPal is unchanged after the Journal's report regarding Apple's efforts. Apple is a "viable competitor in a crowded field," but its product is unlikely to change the near-term growth trajectory of PayPal's Venmo, Shirvaikar told investors in a research note. He keeps a Buy rating on PayPal with a $44 price target. BEARISH TAKE: Piper Jaffray analyst Gene Munster believes Apple's reported plans for a P2P payment offering sometime in 2016 will have limited to no impact on his model for the iPhone maker, but cautions that more mobile wallets offering P2P will add to the challenges facing PayPal's Venmo. The analyst believes the "real estate for all logos at the point-of-sale will be scarce and cluttered," noting that in addition to new entrants like Apple Pay, Samsung Pay, Google's (GOOG) Android Pay, JPMorgan's (JPM) Chase Pay, MCX/CurrentC and PayPal there are still legacy players such as Visa (V) Checkout, MasterCard (MA) Masterpass, and American Express' (AXP) Express Checkout. Munster thinks Venmo is a strong offering that will keep gaining share, but in addition to competition, he sees low interest rates hindering float income and thinks the value proposition for consumers and merchants remains "uncertain." The analyst keeps an Underweight on PayPal, which is the firm's equivalent of a "sell" rating, with a $30 target for its shares. PRICE ACTION: Shares of PayPal slipped 1.8% to close at $36.33 yesterday following the Journal's report. In pre-market trading, the stock fell another 1% to $36 per share.
09:14 EDTAPCAnadarko downgraded to Accumulate from Buy at Tudor Pickering
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