News For D From The Last 14 Days Check below for free stories on D the last two weeks.
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February 1, 2010
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| 14:42 EDT |  | D |
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January 28, 2010
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| 21:16 EDT | | D |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer said, he really "doesnt like this market", as the sellers have become too powerful, and this is shaping up to be a dip that cannot be bought. By all accounts, this market should be heading higher, Cramer told viewers. He cited countless company profits that beat expectations handedly, such as: Procter & Gamble (PG), Boeing (BA) or even Apple (AAPL). He said the big money managers have gotten fearful of of President Obama's anti-shareholder stance and fearful of a slowdown in China, and they're using any excuse they can to sell. Thursday's reason seemed to be problems in the Greek bond market. Cramer said, there may be no choice but to get more defensive and wait for the selling to come to an end. Next, Cramer spoke with Roy Vallee, chairman and CEO of Avnet (AVT). Vallee painted a rosy picture for his industry, saying that technology is leading the U.S. recovery. He said that after a year of pent up demand, companies are beginning to spend again, leading to double-digit growth at Avnet. Also contributing to the demand is Cramer's Mobile Internet Tsunami, which Vallee confirmed is alive and well with hundreds of new devices being built. Vallee also cited Avnet's new deal with Cisco (CSCO) as another catalyst for the company. Cramer called Avnet a buy, buy, buy. Then, Cramer spoke with Tom Farrell,chairman, president and CEO of Dominion Resources (D), a utility that recently beat earnings and boosted its dividend. Farrell said that construction on the company's new coal fired power plant in Virginia began 18 months ago, and will be generating 600 megawatts by 2011. Farrell said that Dominion is fortunate to serve Virginia, where the unemployment is less than the national average and where there are strong government and military operations that help stabilize demand. The company is leasing its 450,000 acres of its Marcellus shale assets and using the proceeds to build out in other areas. Cramer said Dominion remains his favorite utility and the company represents a good yield for uncertain times. Cramer interviewed Robert Gross, chairman and CEO of Monro Muffler Brake (MNRO), a company with no exposure to China and President Obama's political agenda. Gross was bullish on his business, thanks in part to the collapse of General Motor's (GM, GMGMQ) and Chrysler's dealer networks and the fact that people are holding onto their cars longer. Cramer remained bullish on Monroe, despite the fact its shares are up 62% since his first recommendation on Aug. 8, 2008. He said Monro still has many years of solid growth ahead of it. LIGHTNING ROUND: (Bullish) AKAM; EXC; DE; F. (Bearish) JOYG; QCOM. Reference Link :theflyonthewall.com |
| | 07:33 EDT |  | D |
| | 07:32 EDT | | D |
| | 07:32 EDT | | D |
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January 27, 2010
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| 16:43 EDT |  | D |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Wednesday 1/27 | | The markets opened slightly lower but quickly advanced into positive territory. The move, however, was short-lived. After a disappointing new home sales report brought out the sellers, the markets drifted lower. Once they crossed back into negative territory, the selling accelerated until each of the major indices was lower by at least 0.50%. The averages sat in a narrow range until the release of the FOMC rate decision. The knee jerk reaction was to sell on the news, but the averages quickly reversed and pushed into positive territory by the close…The Dow rose 41.87 to 10,236.16, the S&P gained 5.33 to 1,097.50, and the Nasdaq added 17.68 to 2,221.41…Among the biggest gainers: Sanmina-SCI Corp. (SANM) surged 15% to $14.15 after beating Q1 EPS estimates by a wide margin. Super Micro Computer (SMCI) soared 16.3% to $13.50 after forecasting better-than-expected Q3 EPS estimates…The losers included: Caterpillar (CAT) which slumped 4.3% to $53.44 after reporting Q4 earnings that fell 65%. The company also issued a disappointing FY10 forecast. Jackson Hewitt (JTX) dropped 16.5% to 2.94 after reporting that it does not believe it can finance its refund anticipation loans…CURRENCY: The dollar closed 0.36% higher on the yen at 89.93 and 0.41% lower on the euro at 0.7132…COMMODITIES: Crude oil closed down 1.05 to 73.66...Natural gas lost 0.19 to 5.24...Gold was lower by 13.00 to 1,086.50…ECONOMIC DATA: New Home Sales for December fell 7.6% to an annual sales rate of 342K versus a consensus range of 350K to 385K. MBA Purchase Applications for the week of 1/22 fell 3.3%. Crude Inventories for the week of January 22 were down -3.88M vs. consensus of 1.5M build. Gasoline inventories 1.99M vs. consensus of 900K build. Distillates 358K vs. consensus of 1.8M draw. The FOMC left interest rates unchanged between 0%-0.25% and expects rates to remain low for “an extended period.” They also said that MBS purchases will end in March as scheduled. Tomorrow…Durable Goods Orders, Jobless Claims, and EIA Natural Gas Report are due…Notable companies reporting Thursday before the opening bell include: Altria Group (MO), AT&T (T), Ball Corporation (BLL), Becton Dickinson and Company (BDX), Bemis (BMS), Bristol-Myers Squibb (BMY), Cardinal Health (CAH), Celgene (CELG), Consol Energy (CNX), Dominion Resources (D), Eastman Kodak (EK), EQT Corporation (EQT), Ford (F), Franklin Resources (BEN), Goodrich (GR), Invesco (IVZ), Janus Capital (JNS), L-3 Communications (LLL), Life Technologies (LIFE), Lockheed Martin (LMT), Motorola (MOT), Raytheon (RTN), Rockwell Collins (ROK), Textron (TXT), The Estee Lauder Companies (EL), Timer Warner Cable (TWC), Xcel Energy (XEL), and Zimmer Holdings (ZMH). :theflyonthewall.com |
| | 15:32 EDT | | D |
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