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May 24, 2012
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| 15:04 EDT |  | MSFT |
| theflyonthewall.com: | Google says Microsoft leads request to take content off search, Bloomberg says |
 Subscribe for More Information :theflyonthewall.com |
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| 12:38 EDT | | SYMC |
| theflyonthewall.com: | Symantec says no particular assumption of robust macro recovery in guidance | | :theflyonthewall.com |
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| 12:33 EDT | | SYMC |
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| 12:32 EDT | | SYMC |
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| 12:13 EDT | | SYMC |
| theflyonthewall.com: | Symantec reaffirms three-year revenue, earnings outlook, Bloomberg reports | | Symantec at its analyst day reaffirms its three-year revenue growth outlook of 7%-8% and earnings growth outlook of 9%-11%, Bloomberg reports. The company added that it sees share buybacks as the right use of capital, Bloomberg said. :theflyonthewall.com |
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| 10:33 EDT |  | MSFT |
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| 08:16 EDT | | MSFT |
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| 07:33 EDT |  | PRU |
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| 07:26 EDT | | MSFT |
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| 06:41 EDT | | MSFT |
| theflyonthewall.com: | Possible Xbox 720 in 2013, PlayStation 4 in 2014, CNet reports | | The latest rumor is that the Xbox 720 (MSFT) will release in 2013, while the PlayStation 4 (SNE) is set to arrive in 2014, according to CNet. Reference Link :theflyonthewall.com |
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| 06:32 EDT | | MSFT |
| theflyonthewall.com: | PC shipments could see only slight sequential growth in Q2, Digitimes reports | | With orders from Europe suddenly growing weak, PC vendors are concerned that Q2 shipments may not be as strong as originally expected, according to Digitimes. Reference Link :theflyonthewall.com |
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| 06:30 EDT | | MSFT |
| theflyonthewall.com: | Chinese mobile phone users hit 1.03B, Digitimes reports | | As of the end of April, there were 1.03B mobile phone subscribers in China, with 15.43% of them 3G users, according to Digitimes. Reference Link :theflyonthewall.com |
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May 23, 2012
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| 23:28 EDT | | MSFT |
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| 15:06 EDT | | WFC |
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| 14:00 EDT |  | NEM |
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| 11:45 EDT | | MSFT |
| theflyonthewall.com: | Microsoft to launch Office for IPad and Android tablet this year, BGR says | | Microsoft (MSFT) is planning to release its Office suits for Apple's (AAPL) iPad and Google's (GOOG) Android tablets, reports Boy Genius Report. According to a reliable source, the company is hoping to release the suite for November of this year. Reference Link :theflyonthewall.com |
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| 11:09 EDT | | NEM |
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| 11:06 EDT | | MET |
| theflyonthewall.com: | MetLife says Fed hasn't said not to pursue M&A | | :theflyonthewall.com |
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| 11:06 EDT | | NEM |
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| 10:57 EDT | | MET |
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| 10:56 EDT | | MET |
| theflyonthewall.com: | MetLife says does not feel the need to do acquisitions | | CEO says company in a position to make acquisitions, but does not feel the need to do any. Comments made at the company's Investor Day. :theflyonthewall.com |
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| 10:12 EDT |  | MSFT |
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| 09:29 EDT | | WFC |
| theflyonthewall.com: | Facebook, banks sued by shareholders, Reuters says | | A group of Facebook (FB) shareholders have filed a lawsuit against the social networking giant, its CEO Mark Zuckerberg, and several banks led by Morgan Stanley (MS), according to Reuters. The plaintiffs are alleging that the defendants hid Facebook's reduced growth outlook ahead of the IPO, the news service explains. Reference Link :theflyonthewall.com |
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| 09:20 EDT | | MET |
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| 08:54 EDT | | MET |
| theflyonthewall.com: | MetLife's Wheeler says no interest in exiting VA business | | :theflyonthewall.com |
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| 08:45 EDT | | MET |
| theflyonthewall.com: | MetLife's Wheeler expects op. earnings for Americas "nicely higher" in 2012 | | :theflyonthewall.com |
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| 08:43 EDT | | MET |
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| 08:41 EDT | | MET |
| theflyonthewall.com: | MetLife sees ~300bps of ROE expansion by 2016, despite macro headwinds | | Sees significant margin improvement, shift from market sensitive to protection products. Says emerging markets to become 20%+ of operating earnings by 2016. :theflyonthewall.com |
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| 08:40 EDT | | MET |
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| 08:37 EDT | | MET |
| theflyonthewall.com: | MetLife says goal is to shift toward more predictable earnings stream | | Says will consolidate vendors globally and look to cut vendor costs. Says new ROE targets assume around $4B in total buybacks through 2016. Comments made at the company's Investor Day. :theflyonthewall.com |
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| 08:09 EDT | | MSFT |
| theflyonthewall.com: | WPP PLC and Microsoft announce digital advertising partnership | | WPP’s (WPP) marketing technology company 24/7 Media and Microsoft (MSFT) Advertising announced an extensive partnership to support their customers in the rapidly changing digital advertising marketplace. The agreement consists of four main components that will help strengthen advertising technology stacks and expand opportunities for the marketer and publisher clients of both WPP and Microsoft Advertising. :theflyonthewall.com |
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| 07:30 EDT | | WFC |
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| 07:22 EDT | | WFC |
| theflyonthewall.com: | CFTC probing JP Morgan's losses, Washington Post reports | | The Commodity Futures Trading Commission, or CFTC, is probing JP Morgan's (JPM) recent investment losses, the commission's chairman, Gary Gensler, said yesterday, according to The Washington Post. Gensler said that the losses "strongly suggest" that foreign affiliates of U.S. financial firms shouldn't be exempted from new derivative regulations, the newspaper added. Reference Link :theflyonthewall.com |
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| 07:22 EDT | | WFC |
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| 06:36 EDT | | MSFT |
| theflyonthewall.com: | ITC judge: Xbox consoles should be banned from import into U.S., CNet reports |
Subscribe for More Information :theflyonthewall.com |
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| 05:08 EDT | | MET |
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May 22, 2012
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| 16:01 EDT | | PFG |
| theflyonthewall.com: | Principal Financial approves $200M repurchase program | | Principal Financial Group announced that its board of directors has approved an authorization for the repurchase of up to $200M worth of the company's outstanding common stock. The repurchases will be made in the open market or through privately- negotiated transactions, from time to time, depending on market conditions. The stock repurchase program may be modified, extended or terminated at any time by the Board of Directors. Principal Financial Group has 300.9M shares of common stock outstanding as of March 31, 2012. :theflyonthewall.com |
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| 13:16 EDT | | PRU |
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| 13:12 EDT | | PRU |
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| 10:16 EDT | | MSFT |
| theflyonthewall.com: | Microsoft expects 350M Windows 7 devices will be sold this year, Bloomberg says |
Subscribe for More Information :theflyonthewall.com |
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| 09:01 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo targeting payout ratio 50%-65% after reaching target cap. structure | | Says targeting a total payout ratio of 50%-65% after it reaches its target capital structure. Comments from slides that will be presented at the company's 2012 Investor Day. :theflyonthewall.com |
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| 08:09 EDT | | NEM |
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| 07:56 EDT | | WFC |
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| 07:56 EDT | | MET |
| theflyonthewall.com: | Bidders line up for ING's Asian life insurance operations, WSJ reports | | Bidders for all or part of ING Groep's (ING) Asian life insurance operations, valued at about $7B, include MetLife (MET), Manulife Financial Corp. (MFC ), AIA Group and Korea Life Insurance Co., sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:47 EDT | | WFC |
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| 07:27 EDT | | SYMC |
| theflyonthewall.com: | Symantec to host financial analyst day | | Financial Analyst Day to be held in San Francisco on May 24 at 11:30 am. Webcast Link :theflyonthewall.com |
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| 07:22 EDT | | MET |
| theflyonthewall.com: | MetLife cost cutting may include annuities, Bloomberg reports | | Metlife (MET) may target annuities and U.S. retail life insurance for cost cuts as CEO Kandarian unveils his plan to improve returns, reports Bloomberg. Reference Link :theflyonthewall.com |
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| 07:15 EDT | | WFC |
| theflyonthewall.com: | U.S allows China to go around Wall Street to buy government debt, Reuters says | | China can now bypass Wall Street when buying U.S. government debt and go directly to the U.S. Treasury, in what is the Treasury's first direct relationship with a foreign government, according to documents seen by Reuters. Reference Link :theflyonthewall.com |
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| 06:54 EDT | | WFC |
| theflyonthewall.com: | NY regulators investigating mortgage insurers' payments to banks, NY Times says | | New York State regulators are probing whether two insurance companies- Assurant (AIZ) and QBE Insurance - made improper payments to banks in order to obtain a dominant position in a type of mortgage insurance called force-placed insurance, according to The New York Times. Reference Link :theflyonthewall.com |
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| 06:45 EDT | | MSFT |
| theflyonthewall.com: | T-Mobile CEO claims network content with Windows phone, Seattle Times reports | | T-Mobile (DTEGY) CEO Philipp Humm has claimed that his network is happy with the performance of Windows Phone (MSFT), according to the Seattle Times. Reference Link :theflyonthewall.com |
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| 06:28 EDT |  | PL |
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| 06:28 EDT | | MSFT |
| theflyonthewall.com: | AMD preparing low-voltage CPUs for Windows 8 tablets, Digitimes reports | | AMD (AMD) is set to release its Hondo processors in Q4 to compete against Intel's (INTC) Clover Trail-W processors, with both intended for use on Windows 8 (MSFT) based tablets, according to Digitimes. Reference Link :theflyonthewall.com |
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| 06:15 EDT | | MET |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: JPMorgan Chase's (JPM) recent trading mistakes are becoming a boon for some of its major competitors, including Goldman Sachs (GS) and Bank of America (BAC), who have scored profits that could total $500M-$1B on trades that sometimes put them directly against J.P. Morgan's chief investment office, sources say, the Wall Street Journal reports...The Organization for Economic Cooperation and Development today cut its forecasts for growth across the euro zone for this year and next, and warned that the area's debt crisis could pull it into a downward spiral without the right policy action, the Wall Street Journal reports...REUTERS: China can now bypass Wall Street when buying U.S. government debt and go directly to the U.S. Treasury, in what is the Treasury's first direct relationship with a foreign government, according to documents seen by Reuters...Just before Facebook's (FB) $16B IPO, Morgan Stanley (MS), the deal's lead underwriter, unexpectedly delivered negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company, Reuters reports...BLOOMBERG: The types of derivative swaps said to have led to a loss of at least $2B at JPMorgan Chase (JPM) may be the first for which the U.S. Commodity Futures Trading Commission would require guarantees by clearinghouses under the Dodd-Frank Act, according to the CFTC chairman Gary Gensler, Bloomberg reports...Metlife (MET) may target annuities and U.S. retail life insurance for cost cuts as CEO Kandarian unveils his plan to improve returns, Bloomberg reports. :theflyonthewall.com |
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May 21, 2012
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| 18:41 EDT | | MSFT |
| theflyonthewall.com: | Former Yahoo! executive Robert W. Kwok charged with insider trading | | The SEC charged Robert W. Kwok, a former executive at Yahoo! (YHOO) and a former mutual fund manager at a unit of Ameriprise Financial (AMP), with insider trading regarding a search engine partnership between Yahoo and Microsoft (MSFT). Reference Link :theflyonthewall.com |
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| 16:09 EDT | | PL |
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| 14:43 EDT | | SYMC |
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| 10:32 EDT | | PRU |
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| 09:03 EDT |  | SVU |
| theflyonthewall.com: | SuperValu upgraded to Buy from Neutral at Longbow | | Longbow upgraded SuperValu based on valuation and expectations for a turn in fundamentals. Price target is $8. :theflyonthewall.com |
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| 07:35 EDT | | MSFT |
| theflyonthewall.com: | Small Business Administration to host a conference | | National Small Business Week 2012 is being held in Washington, D.C. on May 20-22. :theflyonthewall.com |
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| 07:32 EDT | | WFC |
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| 07:09 EDT | | WFC |
| theflyonthewall.com: | Investors can't get enough of U.S. Treasurys, WSJ reports | | Investors in U.S. Treasurys have a good chance of losing money over time, yet they can't seem to get enough of them as Treasury prices move higher and yields fall to near-record lows, reports the Wall Street Journal.Reference Link :theflyonthewall.com |
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| 06:54 EDT | | MSFT |
| theflyonthewall.com: | Google Chrome overtakes Internet Explorer as most used browser, TheNextWeb says | | Google (GOOG) Chrome has overtook Microsoft's (MSFT) Internet Explorer as the most used browser, reports TheNextWeb, citing data from Statcounter. Firefox, Safari, and Opera completed the top five respectively. Reference Link :theflyonthewall.com |
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| 06:00 EDT | | MSFT |
| theflyonthewall.com: | Nokia's strong Lumia sales in China may be short-lived, Digitimes says | | Sales of Nokia's (NOK) Windows-based smartphone Lumia have been strong in China, but the momentum may be short-lived, Digitimes says, citing industry sources. Reference Link :theflyonthewall.com |
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May 20, 2012
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| 10:08 EDT | | NEM |
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May 18, 2012
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| 18:15 EDT | | MSFT |
| theflyonthewall.com: | Microsoft wins ruling against Motorola Mobility, Bloomberg reports | | Microsoft (MSFT) won a U.S. International Trade Commission ruling that will force Motorola Mobility (MMI) to alter software on some of its Android-based mobile phones in order for them to keep bringing them into the U.S., according to Bloomberg. Reference Link :theflyonthewall.com |
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| 17:04 EDT | | MSFT |
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| 07:41 EDT | | MET, PRU |
| theflyonthewall.com: | First round bids due today for ING's Asia life insurance unit, Reuters reports |
Subscribe for More Information :theflyonthewall.com |
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| 07:19 EDT | | WFC |
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| 06:32 EDT | | MSFT |
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May 17, 2012
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| 16:32 EDT | | HIG |
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| 14:12 EDT |  | WFC |
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| 11:08 EDT | | MSFT |
| theflyonthewall.com: | GameStop says better positioned than ever to be launch partner for new consoles |
Subscribe for More Information :theflyonthewall.com |
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| 09:31 EDT | | MET |
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| 08:03 EDT | | WFC |
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| 07:19 EDT | | WFC |
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| 07:14 EDT | | WFC |
| theflyonthewall.com: | Many firms stop selling Facebook shares ahead of IPO, Reuters reports | | Investors who want Facebook (FB) shares may have lost the opportunity as several firms including TD Ameritrade (AMTD), Fidelity's brokerage arm, Morgan Stanley (MS), E*Trade Financial (ETFC) and Wells Fargo (WFC) Advisors stopped accepting orders Tuesday evening, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:09 EDT | | WFC |
| theflyonthewall.com: | White House seeks to toughen bank rules, WSJ reports | | Following the losses at J.P. Morgan Chase (JPM), the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:00 EDT | | WFC |
| theflyonthewall.com: | Fitch: World's largest banks must raise $566B, NY Times says | | The world's 29 systemically important banks must raise a combined $566B in order to meet new capital requirements, Fitch Ratings said today, according to The New York Times. The figure represents a 23% increase over what the banks currently hold in reserve, the newspaper added. Reference Link :theflyonthewall.com |
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| 06:38 EDT | | WFC |
| theflyonthewall.com: | U.S. foreclosure filings fall to five year low, Bloomberg reports | | In April, foreclosure filings in the U.S. fell to a five year low as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold, reports Bloomberg. The number of default, auction and seizure notices sent to homeowners last month was 188,780, down 14% from a year ago and 5% from March, according to RealtyTrac Inc. Reference Link :theflyonthewall.com |
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| 06:15 EDT | | WFC |
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| 06:04 EDT | | WFC |
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| 00:23 EDT | | MSFT |
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May 16, 2012
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| 16:16 EDT | | MSFT |
| theflyonthewall.com: | Options Update; May 16, 2012 | | CBOE Volatility Index-VIX up 30c to 22.27. Option volume leaders today: MSFT BAC FCX AAPL according to Track Data. :theflyonthewall.com |
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| 15:16 EDT | | WFC |
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| 14:20 EDT |  | SVU |
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| 13:01 EDT | | MSFT |
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| 12:32 EDT | | WFC |
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| 10:15 EDT | | MSFT |
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| 09:40 EDT | | MSFT |
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| 09:33 EDT | | MET |
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| 08:41 EDT | | MET |
| theflyonthewall.com: | House Financial Services Committee to hold a hearing | | The Financial Institutions and Consumer Credit Subcommittee holds a hearing entitled, "The Impact of the Dodd-Frank Act: What It Means to be a Systemically Important Financial Institution". Participants to include William Wheeler, President-Americas of MetLife, Deputy Assistant Treasury Secretary for Financial Institutions Auer, Vice President Quaadman of the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness at the hearing being held on May 16 at 10 am. :theflyonthewall.com |
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| 08:37 EDT | | SYMC |
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| 07:38 EDT | | MSFT |
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| 07:38 EDT | | CMP |
| theflyonthewall.com: | Deere expects increased crop production in China in 2012 | | In China, Deere sees strong grain prices leading to positive farm income and strong government support of agricultural mechanization. In the Commonwealth of Independent States, Deere sees ongoing business optimism leading to increased investments, especially in Russia and Kazakhstan. In India, Deere sees commodity prices to soften against 2011 but remain elevated due to strong demand and increased focus from government for farm mechanization. :theflyonthewall.com |
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| 07:35 EDT | | CMP |
| theflyonthewall.com: | Deere sees EU 27 farm income above long-term average levels | | Says optimism continues in EU 27 Agricultural sector and demand for agricultural equipment remains strong. Says sovereign debt and fiscal issues concentrated in Southern Europe, not key agricultural markets. Comments taken from presentation slides for Q2 earnings conference call. :theflyonthewall.com |
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| 07:31 EDT | | CMP |
| theflyonthewall.com: | Deere sees U.S. corn, wheat acres planted growing from 2011/12 to 12/13 | | Deere sees corn acres planted 91.9M in 2011/12 and 95.5M in 2012/13. Sees wheat acres planted 54.4M in 2011/12 and 55.9M in 2012/13. Sees soybean acres planted 75.0M in 2011/12 and 74.9M in 2012/13. Sees crop yields for all three commodities growing from 11/12 to 12/13. :theflyonthewall.com |
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| 07:28 EDT | | CMP |
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| 07:26 EDT | | MET |
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| 07:24 EDT | | SVU |
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| 07:22 EDT | | MET |
| theflyonthewall.com: | MetLife: Company shouldn't be subject to special level of scrutiny, WSJ says | | William Wheeler, the president of MetLife's (MET) U.S. and Latin American insurance business, will argue today that the company should not be subject to a special level of federal scrutiny for large financial firms and should not be named a "systemically important" institution, reports the Wall Street Journal. At a U.S. House hearing this morning, Wheeler will say that large insurers don't threaten to bring down the financial system. Reference Link :theflyonthewall.com |
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| 07:02 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo expands insurance trust program to the UK and EU | | Wells Fargo has introduced, through its Wells Fargo Bank subsidiary, its insurance trust product in the United Kingdom and the EU. The Wells Fargo UK Insurance Trust offers an alternative to Letters of Credit specifically used as collateral for UK- and EU-based corporate insurance programs. :theflyonthewall.com |
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May 15, 2012
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| 16:56 EDT | | WFC |
| theflyonthewall.com: | Soros reports decreased stakes in InterOil, Motorola, Medicines Co, Wells Fargo |
Subscribe for More Information :theflyonthewall.com |
|
| 16:29 EDT | | WFC |
| theflyonthewall.com: | Berkshire Hathaway reports increased stakes in Wal-Mart, Wells Fargo, DirecTV |
Subscribe for More Information :theflyonthewall.com |
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| 14:15 EDT | | MET |
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| 13:02 EDT | | HIG |
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| 07:35 EDT | | MSFT |
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| 07:34 EDT |  | PRU |
| theflyonthewall.com: | Prudential downgraded to Hold from Buy at Argus | | Argus downgraded Prudential due to its high international exposure and lack of transparency into near-term earnings trends. :theflyonthewall.com |
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| 07:32 EDT | | MSFT |
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| 07:31 EDT | | HIG |
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| 07:21 EDT | | NEM |
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| 07:17 EDT | | MET |
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| 07:16 EDT | | PFG |
| theflyonthewall.com: | Several firms bid for ING's Asian asset management business, Reuters reports | | Macquarie Group, Principal Financial Group (PFG) and Singapore's United Overseas Bank are among suitors that submitted bids for ING's (ING) Asian asset management business that may be worth $500M-$600M, sources say, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:15 EDT | | CMP |
| theflyonthewall.com: | BMO Capital to host a conference | | 2012 Farm to Market Conference is being held in New York on May 15-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
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| 07:13 EDT | | WFC |
| theflyonthewall.com: | President Obama: Wall Street needs reform, Reuters reports | | President Obama said the trading loss at JPMorgan Chase & Co. (JPM) illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:09 EDT | | HIG |
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| 06:23 EDT | | MSFT |
| theflyonthewall.com: | Labor, power shortages could turn worse as notebook demand rises, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
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| 06:21 EDT | | MSFT |
| theflyonthewall.com: | Qualcomm Snapdragon shortage forcing vendors to other options, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
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| 06:19 EDT | | MSFT |
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| 06:17 EDT | | MSFT |
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| 06:10 EDT | | PFG |
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| 05:03 EDT | | NEM |
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May 14, 2012
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| 16:50 EDT | | HIG |
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| 15:23 EDT | | WFC |
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| 12:18 EDT | | MSFT |
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| 11:11 EDT | | PL |
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| 11:05 EDT | | WFC |
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| 10:24 EDT | | SYMC |
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| 09:42 EDT | | WFC |
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| 08:46 EDT | | SYMC |
| theflyonthewall.com: | Symantec drops to new 52-week low in early trading, support at $14.52 | | :theflyonthewall.com |
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| 07:34 EDT | | WFC |
| theflyonthewall.com: | Italy's market watchdog: Ban some financial products, Reuters reports | | Authorities must regulate and even ban financial products that can wipe out people's savings, says Giuseppe Vegas, chairman of Italy's market watchdog Consob, following JP Morgan's (JPM) $2B trading loss due to a failed hedging strategy, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:23 EDT | | WFC |
| theflyonthewall.com: | Not just U.S. but global regulators likely to react to JPMorgan events, FT says |
Subscribe for More Information :theflyonthewall.com |
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| 07:15 EDT | | WFC |
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| 06:28 EDT | | SYMC |
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May 12, 2012
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| 11:56 EDT | | NEM |
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May 11, 2012
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| 16:07 EDT | | MSFT |
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| 15:11 EDT | | SVU |
| theflyonthewall.com: | SuperValu management to meet with JPMorgan | | Meeting to be held in New York on May 15 hosted by JP Morgan. :theflyonthewall.com |
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| 08:01 EDT | | MSFT |
| theflyonthewall.com: | BofA/Merrill's technology analysts hold an analyst/industry conference call | | Technology Analysts Post and Rangan provide a review of the recently held Global Technology Conference on an Analyst/Industry conference call to be held on May 11 at 10 am. :theflyonthewall.com |
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| 07:59 EDT | | SVU |
| theflyonthewall.com: | SuperValu price target lowered to $5 from $7.25 at Morgan Stanley | | Morgan Stanley believes sees gross margin risk for SuperValue as it invests in lower prices and struggles with volume declines. Shares are Underweight rated. :theflyonthewall.com |
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| 07:52 EDT | | WFC |
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| 07:36 EDT | | MSFT |
| theflyonthewall.com: | U.S. retail video game software sales slide 42% in April, Gamasutra reports | | U.S. retail video game industry sales fell to $630.4M in April, with software sales for the month falling 42% from a year ago to $307.2M, reported Gamasutra, citing NPD Group data. NPD attributed the sharp drop in game sales to the lack of new releases for the month, the report said. Reference Link :theflyonthewall.com |
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| 05:45 EDT | | WFC |
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| 04:59 EDT | | PRU, WFC |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer noted that housing is coming back "and it's going to take a lot of sectors with it." Cramer said the housing market may have bottomed out in 2007, but things are finally beginning to change as homebuilders like Toll Brothers (TOL) and Lennar (LEN) are up 31% and 40% for the year, respectively. Home builders need materials, said Cramer, so why not look into a Masco (MAS) or Sherwin-Williams (SHW) or Owens Corning (OC)? All of these stocks are cheap, Cramer says. Home buyers will need loans, so that's good news for Wells Fargo (WFC) and US Bancorp (USB), said Cramer. They will also need insurance, think Travelers (TRV). While those may be the obvious plays, Cramer said there are plenty of other companies that benefit as well. Time Warner (TWX) will provide cable service to many new homes while Verizon (VZ) and AT&T (T) will provide phone service. Cramer also touted retail, which does well when homes are increasing in value. He likes Bed Bath & Beyond (BBBY), along with Home Depot (HD) and Costco (COST). EXECUTIVE DECISION: Cramer once again sat down with Richard Pops, chairman and CEO of drug maker Alkermes (ALKS), a company that expects to see double-digit revenue growth next year. Pops said that Alkermes is now in the sweet spot; it's large enough that it has all of the resources it needs to make medicines, get them approved and manufacture them, but it's also not too big that bureaucracy slows its pace of innovation. One of Alkermes' most promising treatments is for alcoholism. And, it also has a promising drug in phase III testing for schizophrenia. Cramer said he continues to like the innovation and growth at Alkermes, even if the company remains a speculative play, as it still has no earnings. OFF THE CHARTS:The technicals are warning investors to be more cautious going forward, as another 5% drop to the downside could be looming. "Keep your eye on the CBOE Volatility Index (VIX)", Cramer concluded. NO HUDDLE OFFENSE: While everything is going right inside Cisco (CSCO), outside factors, including decreasing government spending, are an issue that every technology company will need to address in the near future, Cramer says. Next, Cramer revisited the Hospitality Index, a group of stocks created by restauranteur Danny Meyer in 2009. The Hospitality Index consisted of 17 stocks including Whole Foods (WFM), Chipotle Mexican Grill (CMG), Apple (AAPL), Costco (COST) and Amazon.com (AMZN). Since its introduction in 2009, the S&P 500 has delivered a 65% return while the Hospitality Index returned a stellar 257% return with only one stock, DreamWorks Animation (DWA), posting a loss. Cramer said the same things that have made these companies a success over the past three years still hold true today. LIGHTNING ROUND: Hewlett-Packard (HPQ): Cramer doesn't like the stock at all and says "it can go lower, much lower." Pan American Silver (PAAS) is the best house in a shaky neighborhood. Cramer doesn't want to own any miners, they're too dangerous. Hercules Offshore (HERO) If you consider it a speculative stock, Cramer blesses it as a long-term bet on oil. Prudential (PRU) Cramer likes it, but is cautious as the stock doesn't have yield protection. Zipcar (ZIP) Cramer said he would look again when the stock is between $6 and $9 a share. Chesapeake Granite Wash Trust (CHKR) Cramer thinks you can buy it lower. Deere & Co.(DE): "It's a good company but the commodities are weak". Cramer wants to be 'careful'. Reference Link :theflyonthewall.com |
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