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Stock Market & Financial Investment News

News Breaks
March 8, 2012
02:12 EDTDECK, ESV, BRCM, DELL, AVP, GLD, CHK, GRPN, RIMM, LULU, CSCO, QCOM, GLW, ABX, IBKR, EOG, CHKM, YELP, AAPL, BHI, CIEN, CY, DE, HES, HEI, GE, IACI, PJim Cramer's "Mad Money"
Jim Cramer said its still not too late to take some money off the table. He told investors to forget about how the major averages are fairing and instead focus on individual stocks, some of which are doing well while others are imploding. Cramer said that in the markets of old, stocks tended to trade together, but not in today's market. In today's market, companies like Cypress Semiconductor (CY) announced seriously disappointing earnings, while rivals like Qualcomm (QCOM) and Broadcom (BRCM) were both up sharply. In the telco equipment space, shares of Ciena (CIEN) rallied while rival Cisco (CSCO) saw its shares slide south. The oil service sector was also mixed, with Ensco (ESV) heading higher and Baker Hughes (BHI) heading lower. Cramer said this pattern is repeating in sector after sector. The price of oil was up, but oil stocks were down. Gold was up, gold stocks were down. Apparel maker Lululemon Athletica (LULU) rallied, while Deckers Outdoor (DECK), a sector favorite, was down sharply. Cramer said with all this volatility in everything from the rails to the drugs to the industrials, investors need to lighten up on their winners and swap out of their losers. He said all of the major risk factors, including Greece, Iran and China, are still in play. Next, on the heels of the company’s big iPad announcement, Cramer said "It's getting difficult to trade Apple." He said the better strategy, "invest in Apple." Cramer said that many pundits are weighing in on whether Apple (AAPL) is worth owning after the stocks' big run ahead of the announcement. Traditionally, Apple shares have run up ahead of new products, only to sell of afterwards. But Cramer said he's done trying to trade Apple, he'd just rather own it for the long haul. Cramer said the new iPad is making major in-roads in the corporate world as Research In Motion's (RIMM) Blackberry is riding off into the sunset. Cramer said no matter how you look at it, shares of Apple are still cheap and are still worth owning for the long haul.Looking for an Internet stock? Cramer said "forget about the dot-com IPOs" like Pandora (P), Yelp (YELP) and Groupon (GRPN). What investors really need is a seasoned dot-com that's been around the block a few times. Cramer said that IAC Interactive (IACI) is the polar opposite of a stock like Yelp. This company has no hype, but a ton of earnings and a share huge buyback program. EXECUTIVE DECISION: Cramer sat down with Mike Stice, president and CEO of Chesapeake Midstream Partners (CHKM), a natural gas gathering master limited partnership with a 12% growth rate and a juicy 5.4% dividend yield. Stice started off by saying that he's encouraged by the Obama administration's recent support for natural gas vehicles. He was also equally excited about a recently announced partnership between Chesapeake Energy (CHK) and General Electric (GE) to offer home fueling stations for natural cars. Cramer said that Chesapeake Midstream is one of only a few companies that offer growth plus yield. LIGHTNING ROUND: (Bullish) EOG; GLD; HEI; IBKR. (Bearish) AVP; HES; ABX; DELL; DE; GLW.
News For CY;QCOM;BRCM;CIEN;CSCO;ESV;BHI;LULU;DECK;AAPL;RIMM;P;YELP;GRPN;IACI;CHKM;CHK;GE;EOG;GLD;HEI;IBKR;AVP;HES;ABX;DELL;DE;GLW From The Last 14 Days
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November 17, 2014
08:21 EDTBHIHalliburton says has identified numerous potential buyers if divestitures needed
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08:12 EDTCHKChesapeake upgraded to Outperform from Market Perform at Bernstein
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07:47 EDTBHIHalliburton volatility elevated into Baker Hughes acquiring for $34.6B
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07:19 EDTBHIBaker Hughes volatility elevated into Halliburton acquiring for $34.6B
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07:12 EDTBHIBloomberg / Mayer Brown to co-host a conference
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07:12 EDTBHIHalliburton and Baker Hughes host conference call
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07:08 EDTBHIBaker Hughes up 18% following acquisition by Halliburton
06:56 EDTBHIHalliburton subject to $3.5B break up fee
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06:56 EDTBHIHalliburton CEO Lesar to remain CEO of combined company, board to expand to 15
The combined company will maintain the Halliburton (HAL) name and continue to be traded on the New York Stock Exchange under the ticker symbol “HAL.” The company will be headquartered in Houston, Texas. Dave Lesar will continue as chairman and CEO of the combined company. Following the completion of the transaction, the combined company’s board is expected to expand to 15 members, three of whom will come from the Board of Baker Hughes. Concurrently with the execution of the merger agreement, Halliburton withdrew its slate of directors nominated for the board of Baker Hughes.
06:52 EDTBHIBaker Hughes holders to receive 1.12 Halliburton shares plus $19.00 cash
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06:50 EDTBHIHalliburton sees nearly $2B in annual cost synergies
Dave Lesar, chairman and CEO of Halliburton (HAL) stated, "The stockholders of Baker Hughes (BHI) will immediately receive a substantial premium and have the opportunity to participate in the significant upside potential of the combined company. Our stockholders know our management team and know we live up to our commitments. We know how to create value, how to execute, and how to integrate in order to make this combination successful. We expect the combination to yield annual cost synergies of nearly $2 billion. As such, we expect that the acquisition will be accretive to Halliburton’s cash flow by the end of the first year after closing and to earnings per share by the end of the second year. We anticipate that the combined company will also generate significant free cash flow, allowing for the return of substantial capital to stockholders.”
06:47 EDTBHIHalliburton to acquire Baker Hughes for $78.62 per share
Halliburton (HAL) and Baker Hughes (BHI) announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6B and enterprise value of $38B, based on Halliburton’s closing price on November 12, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36% of the combined company. The agreement has been unanimously approved by both companies’ boards. The transaction combines two highly complementary suites of products and services into a comprehensive offering to oil and natural gas customers. On a pro-forma basis the combined company had 2013 revenues of $51.8B, more than 136,000 employees and operations in more than 80 countries around the world.
06:45 EDTBHIHalliburton, Baker Hughes reach agreement to combine
06:05 EDTLULUStocks with implied volatility above IV index mean; GME LULU
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05:59 EDTGLDSPDR Gold Trust overall implied volatility at 19; 26-week average is 16
05:54 EDTBHIStocks with implied volatility movement; BHI CZR
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November 16, 2014
20:04 EDTAAPLApple: App Store adds UnionPay as payment option for customers in China
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18:57 EDTPSirius loses request to dismiss Turtles' lawsuit on pre-1972 songs, NYT says
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15:26 EDTBHIBaker Hughes, Halliburton differed on pace of deal discussions, WSJ says
Before going hostile, Halliburton (HAL) indicated it would raise its mid-October bid to buy Baker Hughes (BHI), says the Wall Street Journal. According to the Wall Street Journal report, Halliburton did not come through with an improved bid before Friday, a deadline to nominate directors to Baker Hughes’s board for the company’s annual meeting in April. According to people familiar with the matter between Oct. 13, when Halliburton made its proposal to Baker Hughes, and this past Friday, Halliburton felt Baker Hughes wasn’t engaging on the offer and Baker Hughes felt pressured by its rival to act quickly under a deadline, added the Wall Street Journal. Reference Link
November 15, 2014
08:21 EDTBHIBaker Hughes says Halliburton trying to replace entire board
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