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Stock Market & Financial Investment News

News Breaks
April 2, 2012
21:30 EDTBNNY, MDRX, SHLD, TWI, CSCO, GOOG, CERN, APC, MGA, AVP, RHT, IMAX, HAIN, ARLPJim Cramer's "Mad Money"
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
News For BNNY;HAIN;IMAX;RHT;AVP;MGA;APC;CERN;GOOG;CSCO;TWI;SHLD;MDRX;ARLP From The Last 14 Days
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September 18, 2014
09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
08:58 EDTGOOGGoogle October volatility flat on tight three-month price range
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08:02 EDTRHTRed Hat to acquire FeedHenry for EUR63.5M in cash
Red Hat announced that it has signed a definitive agreement to acquire FeedHenry, an enterprise mobile application platform provider. FeedHenry expands Red Hat’s broad portfolio of application development, integration, and Platform-as-a-Service solutions, enabling Red Hat to support mobile application development in public and private environments. Red Hat has agreed to acquire FeedHenry, a privately held company, for approximately EUR 63.5M in cash, subject to certain adjustments at closing. The transaction is expected to close in 3Q15, subject to customary closing conditions.
07:38 EDTAPCUBS to hold a conference
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07:32 EDTIMAXMKM Partners to hold a conference
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07:26 EDTGOOGGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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07:18 EDTGOOGSupply chains expect component orders from Motorola through 2014, DigiTimes says
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06:24 EDTAVPCiti defends recent downgrade of Avon Products
Citigroup says that following investor pushback, it is defending its September 8 downgrade of Avon Products to Neutral. The firm says it is comfortable with below consensus estimates given the recent strengthening of the U.S. dollar relative to several currencies. Citi adds that it has less confidence in Avon's turnaround following the departure of CFO Ross. It keeps a Neutral rating on the stock with a $15 price target.
September 17, 2014
17:48 EDTGOOGNews Corp opposed Google EC settlement offer
Early last week, in a letter to European Commissioner for Competition Joaquín Almunia, News Corp (NWS, NWSA) CEO Robert Thomson opposed Google’s (GOOG) settlement offer with the European Commission, or EC, saying the internet giant is “willing to exploit its dominant market position to stifle competition.” Thomson said News Corp also opposed the proposed five year term of a settlement, noting that “five years is an eternity in internet time.” Citing Google’s “egregious aggregation” of content, Mr. Thomson said that, along with serious commercial damage, there is a “profound social cost” to Google’s actions. “The internet should be a canvas for freedom of expression and for high quality content of enduring value. Undermining the basic business model of professional content creators will lead to a less informed, more vexatious level of dialogue in our society.” "Your decision to reconsider Google's settlement offer comes at a crucial moment in the history of the free flow of information and of a healthy media in Europe and beyond," Mr. Thomson wrote.
17:23 EDTMGAMagna obtains issuer bid exemption order to allow purchases by private agreement
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12:25 EDTTWITitan International shares set to stage a comeback, Barron's says
Shares of Titan International have fallen approximately 27% since January. However, the company appointed a new management team earlier this year, and shares are relatively cheap, trading just 10% above tangible book value. Activist investor MHR Fund Management has also accumulated a 14% stake in the company. For all these reasons, the stock is poised to make a comeback, Barron's reports. Reference Link
11:11 EDTBNNYGeneral Mills crumbles after earnings miss, downgrade
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10:04 EDTGOOGDiscover rumored to be eyed as target by Apple, Bank Innovation says
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09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
08:30 EDTBNNYGeneral Mills sees Annie's deal closing in CY14
General Mills (GIS) says sees Annie's (BNNY) deal accretive in first 12 months after closing. Says on pace to achieve $4B of cumulative savings from 2010-2020. Sees $400M of cumulative savings in FY15. Says top priority for FY15 is accelerating net sales growth. Comments from slides that will be presented on the Q1 earnings conference call.
08:05 EDTCSCOCisco announces intent to acquire Metacloud
Cisco announced its intent to acquire privately held Metacloud. Upon completion of the acquisition, Metacloud employees will join Cisco's Cloud Infrastructure and Managed Services organization led by Faiyaz Shahpurwala, senior vice president. The acquisition of Metacloud is expected to be complete in 1Q15, subject to customary closing conditions.
07:58 EDTRHTRed Hat October volatility elevated into Q2 and outlook
Red Hat September call option implied volatility is at 92, October is at 36, December is at 29; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 18.
07:34 EDTIMAXIMAX and China's Stellar Cinemas expand agreement with four new IMAX theaters
IMAX and SMI Corporation, a Chinese entertainment and media company that operates theatres under the name Stellar Cinemas, are expanding the parties' revenue sharing arrangement with the addition of four new IMAX theatres in China. The deal brings the exhibitor's total IMAX commitment to 11 theatres.
06:19 EDTGOOGGoogle picks former Qualcomm exec to head Google Fiber, WSJ reports
Google (GOOG) has hired Dennis Kish, a former Qualcomm (QCOM) executive, to head Google Fiber, replacing Milo Medin, the Wall Street Journal reports. A Google spokeswoman confirms that Medin remains a VP for access services and adviser to the Google Fiber team. Reference Link
05:46 EDTSHLDStocks with implied volatility above IV index mean; SHLD GTAT
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