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May 25, 2012
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| 10:54 EDT |  | CBS |
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| 10:53 EDT |  | MSFT |
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| 07:44 EDT | | JPM |
| theflyonthewall.com: | JPMorgan pays high price to keep NYC branch in long time home, NY Post says | | JPMorgan Chase (JPM) paid an above market price of $87M for the 45,000 square foot office building at 525 Broadway to ensure it can keep its own bank branch in the building, where Chase or its predecessors have had a branch located since 1919, reported The New York Port. Reference Link :theflyonthewall.com |
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| 07:43 EDT | | CBS |
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| 07:37 EDT | | MSFT |
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| 07:36 EDT | | APA |
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| 07:05 EDT | | JPM |
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| 06:42 EDT | | MSFT |
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| 06:26 EDT |  | JPM |
| theflyonthewall.com: | Options Update; May 25, 2012 | | CBOE Volatility Index-VIX down 28c to 22.05. Option volume leaders: HPQ BAC JPM AAPL according to Track Data. :theflyonthewall.com |
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| 06:15 EDT | | JPM |
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| 06:14 EDT | | JPM |
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| 06:09 EDT | | JPM |
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| 06:04 EDT | | MSFT |
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May 24, 2012
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| 23:50 EDT | | JPM |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | According to Jim Cramer, markets appear rigged, and the only losers appear to be the shareholders. Cramer questions....Was the Facebook (FB) IPO fair? With news that Morgan Stanley (MS) may have alerted some of its biggest customers about slowing growth at the company, it appears not. Were investors at J.P. Morgan Chase (JPM) misled by CEO Jamie Dimon, who repeatedly said things were going great even though the company was in the process of losing $5B? It appears so, Cramer says. Cramer said it gets even worse: Both Morgan Stanley and J.P. Morgan will use shareholder money to investigate and defend themselves against any wrongdoing -- and to pay the fines, too. Cramer said companies get away with stunts like this because the system is broken and Washington isn't doing anything to fix it. Cramer said the bad apples on Wall Street must pay for their actions, and that will only happen if the government starts targeting them directly. Next, Cramer wasn't done with suggestions for J.C. Penney (JCP) CEO Ron Johnson on how to revive the ailing retailer. After comparing J.C. Penney's turnaround attempt to that of Pier 1 Imports (PIR) on Monday, Cramer then compared Penney to the turnaround in Chico's FAS (CHS). Chico's reshuffled its merchandise and took the rare step of raising prices in order to attract its core, older customers while shunning a younger demographic. This strategy worked. Chico's reported a 21% pop in yoy revenue with a 9.6% increase in same store sales. Cramer concluded. J.C. Penney needs to stop pandering to Wall Street and get to work on the almost impossible task of a retail turnaround. Investors need to play defense with their portfolios, Cramer told viewers. That means high-quality domestic companies with no exposure to the trials and tribulations of Europe and a juicy dividend yield. B&G Foods (BGS) is one such company. It has the unique talent of being able to reinvigorate brands. In an environment where commodity costs are falling, Cramer said that B&G, with its excellent balance sheet and great gross margins, is in a terrific position to surprise Wall Street. Shares trade at just 15x earnings and the company has a 12% long-term growth rate. SELL BLOCK: Cramer highlighted several stocks that investors need to avoid at all costs. Best Buy (BBY) has a broken business model. First Solar (FSLR) government subsidies are drying up quick. Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said Mako Surgical (MAKO) stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to Deckers Outdoor (DECK) where the company's Ugg boots may or may not be making a comeback. Finally, Cramer thinks Fossil (FOSL), which is levered to Europe, is another wait-and-see situation. In a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on J. Crew (JCG) CEO Millard Drexler, which debuts Thursday evening. Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around Gap (GPS) would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world. LIGHTNING ROUND: (Bullish) V; KOG ; EA. (Bearish) GLW; FB; TVIX; GME; C. Reference Link :theflyonthewall.com |
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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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| 10:33 EDT | | MSFT |
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| 08:48 EDT | | XOM |
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| 08:16 EDT | | MSFT |
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| 07:58 EDT |  | TMO |
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| 07:49 EDT | | AXP |
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| 07:26 EDT | | MSFT |
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| 07:22 EDT | | BA |
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| 07:20 EDT | | BA |
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| 07:20 EDT | | APA |
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| 07:16 EDT | | XOM |
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| 07:08 EDT | | JPM |
| theflyonthewall.com: | Manufacturers complain to SEC about JP Morgan copper ETF plan, FT says | | U.S. manufacturers sent a letter to the Securities and Exchange Commission stating that a planned exchange-traded fund backed by physical copper from JP Morgan (JPM) could “grossly and artificially inflate prices” and “wreak havoc on the US and global economy,” reported Financial Times. Reference Link :theflyonthewall.com |
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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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| 06:20 EDT |  | IR |
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| 06:08 EDT | | BA |
| theflyonthewall.com: | Delta Flight 2267 diverted due to engine trouble, AJC reports | | Delta (DAL) Flight 2267, a Boeing (BA) 757, was diverted to Phoenix yesterday afternoon due to a right engine shutdown, the Atlanta Journal-Constitution reports. Reference Link :theflyonthewall.com |
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May 23, 2012
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| 23:28 EDT | | MSFT |
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| 16:27 EDT |  | JNPR |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were mixed following a furious rally to close the day. Stock futures were sharply lower in premarket trading pointing to a continuation of the market’s slide from late yesterday. The weakness in the U.S. futures followed poor sessions for stocks in Asia and early weakness in European equities, which only worsened as the day moved forward. The futures action led to a lower open for the broader market and the better than expected new home sales and home price reports could not bring in buyers. The market selling intensified throughout the morning until finally finding a level near noon, from which the market held and drifted higher. In the last hour of trading markets rose sharply to wind up mixed, and nearly up, for the day… ECONOMIC EVENTS In the U.S., new home sales increased 3.3% in the month of April to a 343K annual rate, versus expectations of an increase of 2.1%. The House Price Index showed an increase of 0.5% for the month of March, versus expectations of an increase of 0.3%. In Europe, equities slumped badly and the euro tumbled to its lowest level versus the dollar since August 2010 ahead of an informal summit meeting Wednesday night planned by European leaders. Expectations are that German Chancellor Angela Merkel will hold a hard line against mounting pressure to consider joint eurobonds... COMPANY NEWS: Shares of Dell (DELL) plunged $2.59, or 17.18%, to $12.49 after the company reported weaker than expected Q1 results and guided to Q2 revenue below consensus. The company's commentary on the challenging economic backdrop and how consumers have moved toward mobile devices and away from traditional PCs sunk peers as well, including Hewlett-Packard (HPQ), which fell before releasing a disappointing earnings report after the market closed. Meanwhile, two congressional committees set out to investigate Facebook’s (FB) troubled initial public offering… MAJOR MOVERS: Among the notable gainers were PetSmart (PETM), up $7.30, or 13.12%, to $62.92, following its "beat and raise" report, and Compuware (CPWR), up 80c, or 9.47%, to $9.25, after the company beat revenue expectations. Noteworthy losers included Qihoo 360 (QIHU), down 78c, or 3.64%, to $20.62, following its quarterly report and the appointment of a new co-CFO, and Juniper Networks (JNPR), down 76c, or 4.22%, to $17,23, after Goldman Sachs announced its view that ALU’s entry into core routing was an incremental negative for Juniper, following cautious comments by the company’s CEO the day before at their annual stockholder meeting. INDICES: The Dow lost $6.66, or 0.05%, to $12,496.15; the Nasdaq rose $11.04, or 0.39%, to $2,850.12; and the S&P 500 added $2.23, or 0.17%, to $1,318.86. :theflyonthewall.com |
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| 15:06 EDT | | JPM |
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| 12:08 EDT | | BA |
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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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| 10:12 EDT |  | MSFT |
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| 09:41 EDT | | JPM |
| theflyonthewall.com: | JPMorgan says Joseph A. Walker to rejoin as vice chairman of investment banking |
Subscribe for More Information :theflyonthewall.com |
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| 09:30 EDT |  | TMO |
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| 09:29 EDT | | TMO |
| theflyonthewall.com: | Thermo Fisher targets mid-single digit annual organic revenue growth long-term |
Subscribe for More Information :theflyonthewall.com |
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| 09:29 EDT | | JPM |
| 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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| 09:28 EDT | | TMO |
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| 09:26 EDT | | TMO |
| theflyonthewall.com: | Thermo Fisher targets 2012 adjusted operating margin 18.8%-19% | | Guidance issued in analyst meeting presentation slides. :theflyonthewall.com |
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| 08:45 EDT | | IR |
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| 08:40 EDT | | IR |
| theflyonthewall.com: | Ingersoll-Rand says will continue to raise dividend to align with peer group | | Comment made by COO at the Electrical Products Group Conference. :theflyonthewall.com |
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| 08:33 EDT | | IR |
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| 08:23 EDT | | IR |
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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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| 07:37 EDT |  | EMR, IR |
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| 07:22 EDT | | JPM |
| 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 | | JPM |
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| 07:15 EDT | | JNPR |
| theflyonthewall.com: | Alcatel's entry in core routing incremental negative for Juniper, says Goldman | | Goldman views Alacatel-Lucent's entry into core routing as an incremental negative for Juniper given it represents 20% of revenues and is its highest margin product line. :theflyonthewall.com |
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| 07:01 EDT | | DLR |
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| 06:58 EDT | | CBS |
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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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| 06:27 EDT | | JPM |
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| 06:22 EDT | | JPM |
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| 06:16 EDT | | JPM |
| theflyonthewall.com: | Zames in "strong position" to eventually succeed JPMorgan's Dimon, FT reports |
Subscribe for More Information :theflyonthewall.com |
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| 05:41 EDT | | JPM |
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May 22, 2012
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| 16:00 EDT | | JPM |
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| 13:44 EDT | | JPM |
| theflyonthewall.com: | JPMorgan said to retain William McLucas for CIO investigations, Bloomberg says |
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| 13:15 EDT | | JPM |
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| 13:15 EDT | | JPM |
| theflyonthewall.com: | Owner of Getty Images considering sale, IPO, FT reports | | Hellman & Friedman, the private-equity fund owner of Getty Images, is working with Goldman Sachs (GS) and JP Morgan (JPM) to examine a possible sale or IPO of the business which was taken private four years ago, the Financial Times reports. Five people familiar with the plans say a sale or public offering could value the business at up to $4B. Getty may draw takeover interest from private equity funds, potentially KKR (KKR), one person says. Reference Link :theflyonthewall.com |
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| 12:57 EDT | | JNPR |
| theflyonthewall.com: | Juniper's Kevin Johnson says Europe hurting network demand, Bloomberg reports | | Bloomberg is reporting this comment made at Juniper 2012 Annual Meeting of Stockholders. :theflyonthewall.com |
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| 12:20 EDT | | BA |
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| 11:50 EDT | | JPM |
| theflyonthewall.com: | SEC probing appropriateness, completeness of JPMorgan reporting, Reuters says |
Subscribe for More Information :theflyonthewall.com |
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| 10:17 EDT | | JPM |
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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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| 09:41 EDT | | JPM |
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| 08:29 EDT | | BA |
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| 08:13 EDT | | JPM |
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| 08:04 EDT | | AXP |
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| 07:57 EDT | | JPM |
| theflyonthewall.com: | JPMorgan price target cut to $50 from $55 at Credit Suisse | | Credit Suisse lowered JPMorgan estimates following news that the share buyback has been placed on hold. Shares remain Outperform rated. :theflyonthewall.com |
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| 07:47 EDT | | JPM |
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| 07:47 EDT | | JPM |
| theflyonthewall.com: | JPMorgan price target lowered to $46 from $54 at UBS | | UBS reduced JPMorgan estimates citing the suspension of the stock buyback program but said valuation remains compelling. Shares are Buy rated. :theflyonthewall.com |
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| 07:45 EDT | | JPM |
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| 07:37 EDT | | APA |
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| 07:28 EDT | | JPM |
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| 07:24 EDT | | JPM |
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| 07:15 EDT | | JPM |
| 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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| 07:09 EDT | | JPM |
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| 06:54 EDT | | JPM |
| 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 | | 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 | | JPM |
| 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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| 04:48 EDT | | JPM |
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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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| 16:16 EDT | | JPM |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were higher in spite of Facebook (FB) breaking its IPO pricing. Stock futures were higher throughout the premarket trading session as the market got ready to bounce from its two week tailspin. There was little reaction to the better than expected Chicago Fed National Activity Index but the futures action led to a higher open for the broader market. The averages began the day slightly higher but moved firmly into the green shortly after midmorning. The market then moved in a narrow range for most of the session, but with an upward trend, as the market finally broke its losing streak... ECONOMIC EVENTS: Domestically, the Chicago Fed National Activity Index rose to +0.11 for the month of April from -0.29 in March... COMPANY NEWS: Facebook shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before finding a level near $33. In its second day of trading the stock closed down $4.20, or 10.99%, at $34.03... Yahoo! (YHOO) agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1B and laid out a joint agreement for a plan to dispose of the remainder of its stake over time. Yahoo did not give exact plans for what it will do with the proceeds, expected to be about $4.2B after taxes, but did increase its share repurchase authorization by $5B concurrently with the transaction... JP Morgan (JPM) slid close to another 3% as the company's CEO Jamie Dimon announced at an investor conference that the bank is suspending its share repurchase program for the time being as it works to strengthen its capitalization ahead of new regulations... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up $14.04, or 25.14%, to $69.88, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, and Krispy Kreme (KKD), up 61c, or 10.15%, to $6.62, following its report of better than expected earnings. Also higher were shares of Westport Innovations (WPRT), up $2.83, or 11.93%, to $26.56, as Craig-Hallum said in a note to investors that the firm sees more catalysts heading into Westport's analyst day later this week and continues to recommend the stock as the shift towards natural gas in trucking is hitting a tipping point. Noteworthy losers included Lowe's (LOW), down $2.88, or 10.11%, to $25.60, after its sales and profits beat estimates but its yearly earnings guidance came in below consensus, and BlackRock (BLK), down $4.18, or 2.43%, to $167.73, as Barclays (BCS) announced plans to sell its entire 19.6% stake in the alternative investment manager... INDICES: The Dow gained 135.10, or 1.09%, to 12,504.48; the Nasdaq rose 68.42, or 2.46%, to 2,847.21; and the S&P 500 added 20.77, or 1.60%, to 1,315.99. :theflyonthewall.com |
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| 13:20 EDT | | BMC |
| theflyonthewall.com: | BMC Software responds to Elliott Management's letter | | BMC Software (BMC) issued the following statement in response to the press release issued earlier by Elliott Associates, L.P. and Elliott International: "BMC stands by its previous statements, including those made in its letter to Elliott dated May 16, 2012. The BMC Board is focused on creating value for all stockholders through the execution of its differentiated strategy to provide the most comprehensive portfolio of heterogeneous, integrated IT management solutions to enterprises of all sizes around the world." :theflyonthewall.com |
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| 13:20 EDT |  | JPM |
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| 11:23 EDT | | TMO |
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| 11:15 EDT | | EW |
| theflyonthewall.com: | Edwards Lifesciences management to meet with RBC Capital | | Meetings to be held in Europe/Asia on May 21-25 hosted by RBC Capital. :theflyonthewall.com |
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| 10:53 EDT | | CBS |
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| 10:50 EDT | | CBS |
| theflyonthewall.com: | CBS sports reaches multi-year agreement with ESPN | | :theflyonthewall.com |
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| 10:34 EDT | | JPM |
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| 10:34 EDT |  | BA |
| theflyonthewall.com: | On The Fly: Analyst Upgrade Summary | | Today's noteworthy upgrades include: Alpha Natural (ANR) upgraded to Buy from Hold at Brean Murray... American Eagle (AEO) upgraded to Buy from Hold at Brean Murray... Group 1 Automotive (GPI) upgraded to Buy from Neutral at Sterne Agee... LPL Investment (LPLA) upgraded to Neutral from Negative at Susquehanna... Mid-Con Energy (MCEP) upgraded to Outperform from Market Perform at Raymond James... Safeway (SWY) upgraded to Buy from Neutral at Citigroup... United Bankshares (UBSI) upgraded to Buy from Neutral at Janney Capital... Waters (WAT) upgraded to Buy from Neutral at Mizuho... Boeing (BA) upgraded to Buy from Hold at Argus. :theflyonthewall.com |
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| 10:02 EDT | | JPM |
| theflyonthewall.com: | JPMorgan's Dimon: Greek default not the problem, Greece leaving euro is problem |
Subscribe for More Information :theflyonthewall.com |
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| 09:57 EDT | | JPM |
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| 09:56 EDT | | JPM |
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| 09:51 EDT | | JPM |
| theflyonthewall.com: | Dimon says main issue with Volcker rule is it makes U.S. banks unable to compete |
Subscribe for More Information :theflyonthewall.com |
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| 09:46 EDT | | JPM |
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| 09:40 EDT | | JPM |
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| 09:39 EDT | | JPM |
| theflyonthewall.com: | JPMorgan's Dimon doesn't see investigation into trading unveiling big surprises |
Subscribe for More Information :theflyonthewall.com |
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| 09:37 EDT | | JPM |
| theflyonthewall.com: | Dimon says company "obviously made mistake," sees incident as "isolated" | | Says all JPMorgan businesses seem to be gaining share. :theflyonthewall.com |
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| 09:35 EDT | | JPM |
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| 09:34 EDT | | JPM |
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| 07:50 EDT | | JPM |
| theflyonthewall.com: | Pier 1 Imports recent weakness creates buying opportunity, says Wells Fargo | | Wells Fargo believes that the switch of Pier 1's (PIR) private label credit card to Alliance Data Systems (ADS) from Chase (JPM) and the launch of Pier 1's full e-commerce website in July could generate 20c-30c in additional EPS over time. The firm reiterates an Outperform rating on the stock. :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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| 07:34 EDT | | BA |
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| 07:32 EDT | | JPM |
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| 07:25 EDT | | XOM |
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| 07:18 EDT | | JPM |
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| 07:15 EDT | | APA |
| theflyonthewall.com: | UBS to host a conference | | Global Oil and Gas Conference is being held in Austin, Texas on May 21-24 beginning with a networking dinner on May 21 at 6:30 pm followed by company presentations on May 22-24. :theflyonthewall.com |
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| 07:11 EDT | | JPM |
| theflyonthewall.com: | JPMorgan chief risk officer had earlier losses in same unit, WSJ reports | | Irvin Goldman, the JPMorgan (JPM) chief risk officer who oversaw risk management at the unit responsible for trading mistakes that cost the bank at least $2B this year, earlier lost millions while trading for the same unit, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:09 EDT | | JPM |
| 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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| 06:55 EDT | | JPM |
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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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| 06:53 EDT | | APA |
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| 06:31 EDT | | JPM |
| theflyonthewall.com: | JPMorgan downgraded to Underperform from Market Perform at JMP Securities | | JMP Securities expects bulge-bracket firms earnings to fall significantly in 2012 due to the increasingly risky situation in Europe. As a result, the firm downgraded Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JP Morgan (JPM), and Morgan Stanley to Underperform. :theflyonthewall.com |
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| 06:18 EDT | | JPM |
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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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| 05:44 EDT | | JPM |
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| 05:42 EDT | | DLR |
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|
May 20, 2012
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| 17:31 EDT | | JPM |
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| 10:41 EDT | | XOM |
| theflyonthewall.com: | Chinese premier call for more growth support, Reuters says | | In comments reported by state news agency Xinhua, China's premier Wen Jiabao called for more efforts to support growth, says Reuters. Reference Link :theflyonthewall.com |
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| 10:23 EDT | | JPM |
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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 |
|
| 17:04 EDT | | MSFT |
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| 16:02 EDT | | JPM |
|
| 15:45 EDT | | JPM |
| theflyonthewall.com: | MF Global trustee says JPMorgan returns about $168M in cash, Bloomberg reports |
Subscribe for More Information :theflyonthewall.com |
|
| 10:31 EDT | | JPM |
|
| 09:54 EDT | | MRVL |
|
| 09:41 EDT | | JPM |
| theflyonthewall.com: | Active equity option families in first 10-minutes | | Active equity option families in first 10-minutes of trading according to Track Data are: AAPL JPM BAC INTC. :theflyonthewall.com |
|
| 09:00 EDT | | MRVL |
|
| 08:43 EDT | | MRVL |
| theflyonthewall.com: | Marvell Technology moves up in earl trading, resistance at $14 | | :theflyonthewall.com |
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| 08:01 EDT | | MRVL |
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| 07:19 EDT | | JPM |
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| 06:39 EDT | | JPM |
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| 06:32 EDT | | MSFT |
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| 05:46 EDT | | JNPR |
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|
May 17, 2012
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| 17:24 EDT | | MRVL |
| theflyonthewall.com: | Marvell Technology sees Q2 revenue $840M-$890M, consensus $854.13M | | :theflyonthewall.com |
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| 17:20 EDT | | MRVL |
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| 17:19 EDT | | MRVL |
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| 16:22 EDT | | MRVL |
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| 16:22 EDT | | MRVL |
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| 16:13 EDT | | JPM |
|
| 16:05 EDT | | MRVL |
| theflyonthewall.com: | Marvell Technology increases share repurchase authorization by $500M to $2.5B |
Subscribe for More Information :theflyonthewall.com |
|
| 16:04 EDT | | MRVL |
| theflyonthewall.com: | Marvell Technology initiates quarterly dividend of 6c per share | | The dividend is to be paid on July 11 to all shareholders of record as of June 21. :theflyonthewall.com |
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| 15:56 EDT | | JPM |
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| 15:19 EDT | | JPM |
| theflyonthewall.com: | JP Morgan CEO to be called to testify before senate banking committee, WSJ says | | :theflyonthewall.com |
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| 14:12 EDT | | JPM |
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| 11:43 EDT | | AXP |
|
| 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 |
|
| 10:55 EDT | | MRVL |
|
| 10:52 EDT | | MRVL |
| theflyonthewall.com: | Marvell Technology volatility elevated into Q1 results and revenue outlook | | Marvell Technology June put option implied volatility is at 54, August is at 47; above its 26-week average of 44 according to Track Data, suggesting larger price movement into the expected release of Q1 results today after the market close. :theflyonthewall.com |
|
| 10:49 EDT | | EW |
|
| 10:33 EDT | | TMO |
| theflyonthewall.com: | On The Fly: Analyst Initiation Summary | | Today's noteworthy initiations include: Agilent (A) initiated with an Outperform at Wells Fargo... Alphatec (ATEC) initiated with an Overweight at Piper Jaffray... ArthroCare (ARTC) initiated with an Overweight at Piper Jaffray... Bruker (BRKR) initiated with an Outperform at Wells Fargo... CareFusion (CFN) initiated with an Overweight at Piper Jaffray... Celadon Group (CGI) initiated with a Buy at Wunderlich... Crocs (CROX) initiated with a Neutral at SunTrust... Infoblox (BLOX) initiated with an Outperform at JMP Securities... Kirby (KEX) initiated with a Buy at Wunderlich... Knight Transportation (KNX) initiated with a Buy at Wunderlich... Micron (MU) initiated with a Neutral at Susquehanna... Rush Enterprises (RUSHA) initiated with a Buy at Wunderlich... SanDisk (SNDK) initiated with a Positive at Susquehanna... Swift Transportation (SWFT) initiated with a Buy at Wunderlich... Thermo Fisher (TMO) initiated with a Market Perform at Wells Fargo... Tyler Technologies (TYL) initiated with a Buy at Benchmark Co... Waters (WAT) initiated with an Outperform at Wells Fargo... Werner (WERN) initiated with a Buy at Wunderlich... US Airways (LCC) initiated with an Outperform at Raymond James. :theflyonthewall.com |
|
| 09:43 EDT | | DE |
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| 09:40 EDT | | JPM |
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| 09:21 EDT | | EW |
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| 08:07 EDT | | BMR |
| theflyonthewall.com: | BioMed Realty management to meet with BMO Capital | | Meetings to be held in Montreal on May 23 and in Toronto on May 24 hosted by BMO Capital. :theflyonthewall.com |
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| 08:04 EDT | | APA |
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| 07:47 EDT | | MRVL |
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| 07:19 EDT | | JPM |
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| 07:09 EDT | | JPM |
| 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 |
|
| 07:00 EDT | | JPM |
| 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 |
|
| 06:52 EDT | | JPM |
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| 06:44 EDT | | TMO |
| theflyonthewall.com: | Thermo Fisher initiated with a Market Perform at Wells Fargo | | Price target range $55-$60. :theflyonthewall.com |
|
| 06:38 EDT | | JPM |
| 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 |
|
| 06:30 EDT | | CBS |
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| 06:25 EDT | | JPM |
| theflyonthewall.com: | Coty selects BofA Merrill, JPMorgan as underwriters for IPO, WSJ reports | | Coty has picked Bank of America Merrill Lynch (BAC) and JPMorgan Chase (JPM) as the lead underwriters for an IPO, likely this summer or in early fall, reports the Wall Street Journal. The IPO plan follows Coty's decision to walk away from its offer for Avon (AVP). Reference Link :theflyonthewall.com |
|
| 06:15 EDT | | JPM |
|
| 06:06 EDT | | BA |
| theflyonthewall.com: | Southwest to delay 737 deliveries to save more than $1B, AP says | | Southwest (LUV) is delaying the delivery of 30 Boeing (BA) 737s to save more than $1B through 2014, reports the Associated Press. At its annual shareholder meeting, CEO Gary Kelly said those deliveries will be pushed back to 2017 and 2018. Kelly also said the company won't be getting into the petroleum business anytime soon. . Reference Link :theflyonthewall.com |
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| 06:04 EDT | | JPM |
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| 00:23 EDT | | APA, MSFT, XOM |
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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 |
|
| 16:03 EDT | | CBS |
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| 15:16 EDT | | JPM |
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| 13:52 EDT | | JPM |
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| 13:52 EDT | | JPM |
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| 13:42 EDT | | JPM |
| theflyonthewall.com: | JPMorgan earnings impact from trading loss manageable, says Deutsche Bank | | Deutsche Bank believes the impact to JPMorgan's earnings from its trading loss will be manageable, but cautions the regulatory fallout is hard to handicap. The firm maintains a Buy rating on JPMorgan shares with a $50 price target. :theflyonthewall.com |
|
| 13:39 EDT | | JPM |
|
| 13:19 EDT | | JPM |
| theflyonthewall.com: | JPMorgan trader Bruno Iksil leaving bank after loss, NY Times reports | | The JPMorgan (JPM) trader known as the London Whale, Bruno Iksil, is leaving the bank following the company's $2B trading loss, the New York Times reports, citing current and former traders who worked with him. Reference Link :theflyonthewall.com |
|
| 13:14 EDT | | XOM |
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| 13:01 EDT | | MSFT |
|
| 12:42 EDT | | JPM |
| theflyonthewall.com: | FBI Director Mueller confirms JPMorgan probe, Reuters says | | Robert Mueller, Director of the FBI, confirms opening of JPMorgan (JPM) probe, says Reuters. Reference Link :theflyonthewall.com |
|
| 12:15 EDT | | DE |
| theflyonthewall.com: | U.S. farmland prices surging, FT says | | Prices for non-irrigated U.S. farmland were up 25% in Q1, year over year, noted the The Kansas Fed, stirring concern of a U.S. farmland bubble, says the Financial Times. Reference Link :theflyonthewall.com |
|
| 12:12 EDT | | JNPR |
|
| 10:36 EDT | | BA |
| theflyonthewall.com: | House subcommittee recommends $5.3B boost to weapons funding, Defense News says |
Subscribe for More Information :theflyonthewall.com |
|
| 10:26 EDT | | DE |
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| 10:15 EDT | | MSFT |
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| 10:12 EDT | | DE |
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| 09:40 EDT | | MSFT |
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| 09:15 EDT | | BA |
|
| 08:56 EDT | | MRVL |
|
| 08:49 EDT | | APA |
|
| 08:26 EDT | | JNPR |
| theflyonthewall.com: | Radware likely in talks with Juniper over licensing deal, says Oppenheimer | | After conducting checks, Oppenheimer believes that Radware (RDWR) is in advanced negotiations to license its ADC engine to Juniper (JNPR). The firm thinks the deal could be worth about $70M-$100M over three to five years, and lead to an annual EPS increase of about 75c per share for Radware. The firm maintains an Outperform rating on Radware. :theflyonthewall.com |
|
| 08:14 EDT | | BA |
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| 08:01 EDT | | FDX |
|
| 08:00 EDT | | BA |
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| 07:47 EDT | | ERJ |
| theflyonthewall.com: | Embraer upgraded to Outperform from Sector Perform at Scotia Capital | | :theflyonthewall.com |
|
| 07:40 EDT | | CBS |
|
| 07:38 EDT | | MSFT |
|
| 07:38 EDT | | DE |
| 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 |
|
| 07:35 EDT | | DE |
| 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 |
|
| 07:31 EDT | | DE |
| 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 |
|
| 07:28 EDT | | DE |
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| 07:19 EDT | | BA |
|
| 07:15 EDT | | JPM |
| theflyonthewall.com: | JPMorgan trades weren't monitored by Comptroller of the Currency, Bloomberg says | | JPMorgan Chase's (JPM) individual trades that led to a $2B loss weren’t monitored by the Office of the Comptroller of the Currency, which said it didn’t expect to be notified about the positions, reports Bloomberg.Reference Link :theflyonthewall.com |
|
| 07:06 EDT | | DE |
|
| 07:05 EDT | | DE |
| theflyonthewall.com: | Deere sees Q3 equipment sales up 25%; FY12 equipment sales up 15% | | :theflyonthewall.com |
|
| 07:04 EDT | | DE |
|
| 07:03 EDT | | DE |
| theflyonthewall.com: | Deere says results a reflection of positive conditions in global farm economy |
Subscribe for More Information :theflyonthewall.com |
|
| 07:01 EDT | | DE |
| theflyonthewall.com: | Deere reports Q2 EPS $2.61, consensus $2.53 | | Reports Q2 revenue $10.01B, consensus $9.7B :theflyonthewall.com |
|
| 06:53 EDT | | JPM |
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| 06:30 EDT | | JPM |
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| 06:15 EDT | | JPM |
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| 04:45 EDT | | IR, JPM |
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|
May 15, 2012
|
| 17:17 EDT | | IR |
|
| 17:00 EDT | | BA |
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| 16:29 EDT | | IR |
|
| 16:03 EDT | | JPM |
|
| 15:08 EDT | | DE |
|
| 13:18 EDT | | BMC |
| theflyonthewall.com: | Sources: Corvex expected to reveal stake in BMC Software today, Reuters reports |
Subscribe for More Information :theflyonthewall.com |
|
| 12:13 EDT | | AXP |
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| 12:12 EDT | | AXP |
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| 12:02 EDT | | EW |
|
| 11:35 EDT | | JPM |
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| 11:22 EDT | | JPM |
|
| 11:22 EDT | | JPM |
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| 11:04 EDT | | JPM |
|
| 10:44 EDT | | JPM |
| theflyonthewall.com: | Calpers, proxy firms want JPMorgan to split CEO, chairman roles, Reuters says |
Subscribe for More Information :theflyonthewall.com |
|
| 10:40 EDT | | JPM |
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| 10:39 EDT | | JPM |
| theflyonthewall.com: | JPMorgan says mortgage losses continue to effect earnings | | :theflyonthewall.com |
|
| 10:35 EDT | | JPM |
|
| 10:20 EDT | | BA |
| theflyonthewall.com: | Boeing says 40%-50% cost drop from first 787 to 60th | | :theflyonthewall.com |
|
| 10:14 EDT | | TMO |
|
| 10:14 EDT | | JNPR |
| theflyonthewall.com: | On The Fly: Analyst Upgrade Summary | | Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Buy from Neutral at Janney Capital... Amazon.com (AMZN) upgraded to Outperform from Neutral at Credit Suisse... Amedisys (AMED) upgraded to Outperform from Neutral at RW Baird... Cepheid (CPHD) upgraded to Buy from Neutral at UBS... Dominion (D) upgraded to Buy from Hold at Jefferies... Flextronics (FLEX) upgraded to Buy from Neutral at BofA/Merrill... Gentiva Health (GTIV) upgraded to Neutral from Underperform at RW Baird... Jabil Circuit (JBL) upgraded to Buy from Neutral at BofA/Merrill... Juniper (JNPR) upgraded to Buy from Neutral at BofA/Merrill... KiOR (KIOR) upgraded to Buy from Neutral at Citigroup... MIPS Technologies (MIPS) upgraded to Buy from Hold at Benchmark Co... Silver Wheaton (SLW) upgraded to Outperform from Neutral at Macquarie... Southern Company (SO) upgraded to Buy from Hold at Jefferies. :theflyonthewall.com |
|
| 10:14 EDT | | BMC |
|
| 10:11 EDT | | BMC |
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| 10:11 EDT | | BMC |
| theflyonthewall.com: | BMC Software says pursuing sale not in best interest of shareholders | | :theflyonthewall.com |
|
| 09:56 EDT | | BA |
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| 09:52 EDT | | BA |
| theflyonthewall.com: | Boeing CEO says financing is tight, but doable | | :theflyonthewall.com |
|
| 09:49 EDT | | BA |
| theflyonthewall.com: | Boeing says government is not providing a predictable environment for business |
Subscribe for More Information :theflyonthewall.com |
|
| 09:44 EDT | | JPM |
| theflyonthewall.com: | JPMorgan April card delinquencies 2.21% vs. 2.34% last month | | :theflyonthewall.com |
|
| 09:43 EDT | | BA |
|
| 09:42 EDT | | JNPR |
| theflyonthewall.com: | Juniper reverses higher from 6-month lows, resistance at $19.04, its 10-day MA | | :theflyonthewall.com |
|
| 09:42 EDT | | JPM |
|
| 09:42 EDT | | BA |
|
| 09:41 EDT | | BA |
| theflyonthewall.com: | Senate reaches deal to consider Export-Import reauthorization, Poltico says | | Democrats and Republicans reached a deal to allow a bill that would extend funding of the Export-Import Bank to come to the Senate floor today, according to Politico. However, the bill will need 60 votes to pass, the publication added. Boeing (BA) receives a significant amount of support from the bank. Reference Link :theflyonthewall.com |
|
| 09:13 EDT | | BA |
|
| 09:11 EDT | | BA |
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| 09:08 EDT | | BA |
|
| 09:06 EDT | | BA |
| theflyonthewall.com: | Boeing sees FY12 EPS $4.14-$4.35, consensus $4.58 | | Sees FY12 revenue $78B-$80B, consensus $79.51B. Sees FY operating cash flow >$5B. Sees FY12 commercial deliveries 585-600. Comments from slides that will be presented at The Boeing Company 2012 Annual Investor Conference. :theflyonthewall.com |
|
| 07:48 EDT | | JPM |
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| 07:35 EDT | | MSFT |
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| 07:32 EDT | | MSFT |
|
| 07:17 EDT | | BMC |
|
| 07:17 EDT | | JNPR |
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| 07:13 EDT | | JPM |
| 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 |
|
| 07:12 EDT | | MRVL |
| theflyonthewall.com: | Marvell Technology Q1 results could bring relief rally, says FBR Capital | | FBR Capitals thinks Marvell Technology's Q1 sales tracked in the upper half of guidance and that earnings could top the consensus estimate of 20c by one or two cents. FBR thinks the company's results and guidance on May 17 could bring some relief to the stock and maintains an Outperform rating on the name. :theflyonthewall.com |
|
| 06:54 EDT | | JPM |
| theflyonthewall.com: | JPMorgan bosses ignored warnings about trades, NY Times reports | | Some senior investment bankers and risk managers at JPMorgan (JPM) said they warned in recent years that the bank was making increasingly large and very complex trades, according to The New York Times. However, the bank's upper management, including CEO Jamie Dimon, backed such trades and thus ignored the warnings, the newspaper explained. Reference Link :theflyonthewall.com |
|
| 06:47 EDT | | JPM |
| theflyonthewall.com: | JPMorgan considers claw back of bonuses after $2B loss, Bloomberg reports | | JPMorgan Chase & Co. (JPM) will consider reclaiming incentive pay from employees including former Chief Investment Officer Ina Drew after her unit had a $2B trading loss, two senior executives say, reports Bloomberg Reference Link :theflyonthewall.com |
|
| 06:44 EDT | | XOM |
| theflyonthewall.com: | Oil trades near five month low, Bloomberg reports | | Oil traded near the lowest in five months in New York before reports forecast to show U.S. crude stockpiles increased to the highest level in 21 years, reports Bloomberg. Reference Link :theflyonthewall.com |
|
| 06:33 EDT | | JNPR |
| theflyonthewall.com: | Juniper upgraded to Buy from Neutral at BofA/Merrill | | :theflyonthewall.com |
|
| 06:29 EDT | | BMC |
| theflyonthewall.com: | BMC Software not likely to be acquired, says JPMorgan | | JPMorgan does not expect BMC Software to be acquired despite an investment from activist Elliott Associates. The firm does not view BMC as a compelling acquisition on a strategic or financial basis and keeps a Neutral rating on the stock with a $34 price target. :theflyonthewall.com |
|
| 06:25 EDT | | TMO |
| theflyonthewall.com: | Thermo Fisher downgraded to Neutral from Buy at Mizuho | | Mizuho downgraded Life Technologies (LIFE) and Thermo Fisher (TMO) citing uncertainty surrounding academic spending. :theflyonthewall.com |
|
| 06:25 EDT | | ERJ, BA |
| theflyonthewall.com: | Alestis forced to slow production due to Europe's financial crisis, WSJ reports | | Europe's financial crisis has forced Alestis Aerospace, a manufacturer of critical aircraft components for Boeing (BA), Airbus (EADSY) and Embraer (ERJ), to slow its production, which poses a risk to some of the world's biggest jetliner programs, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
|
| 06:23 EDT | | MSFT |
| theflyonthewall.com: | Labor, power shortages could turn worse as notebook demand rises, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
|
| 06:21 EDT | | MSFT |
| theflyonthewall.com: | Qualcomm Snapdragon shortage forcing vendors to other options, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
|
| 06:19 EDT | | MSFT |
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| 06:17 EDT | | MSFT |
|
| 06:14 EDT | | JPM |
| theflyonthewall.com: | JPMorgan CEO Dimon to meet shareholders today, CNNMoney says | | JPMorgan (JPM) CEO Jamie Dimon will go before shareholders at its annual meeting today following the disclosure of a $2B trading loss, reports CNNMoney. The shareholders will vote on proposals that include investments in Sudan and executive compensation. Reference Link :theflyonthewall.com |
|
| 06:10 EDT | | JPM |
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| 06:09 EDT | | JPM |
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| 05:03 EDT | | JPM |
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|
May 14, 2012
|
| 16:06 EDT | | JPM |
|
| 15:24 EDT | | JPM |
|
| 14:14 EDT | | JPM |
| theflyonthewall.com: | Large investor group calls for overhaul of JPMorgan's risk committee, WSJ says |
Subscribe for More Information :theflyonthewall.com |
|
| 14:12 EDT | | JPM |
| theflyonthewall.com: | JPMorgan to further shake up Chief Investment Office, CNBC reports | | :theflyonthewall.com |
|
| 14:03 EDT | | JPM |
| theflyonthewall.com: | JPMorgan upgraded to Buy from Hold at Standpoint Research | | Price target is $43. :theflyonthewall.com |
|
| 12:33 EDT | | BA |
|
| 12:18 EDT | | MSFT |
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| 12:18 EDT | | JPM |
| theflyonthewall.com: | On The Fly: Midday Wrap | | Stocks on Wall Street were lower at midday, as investors worried about Europe and China. Stocks began the day sharply lower on the heels of a sell off in the European markets. The weakness overseas was attributed to concern over Greece’s inability to form a coalition government, putting its continued participation in the euro zone in greater doubt. The weakness spread to the U.S., where the financial sector remains in turmoil following JP Morgan’s (JPM) trading loss. The market opened lower but the selling intensified before finding a level where it began to recapture some of its losses. The market has essentially drifted off its lows to cut its losses in half... ECONOMIC EVENTS: In the U.S., there was little on the economic calendar to distract investors from worries about Europe and China. In Europe, the yields on 10-year Greek, Spanish and Italian bonds all climbed while German bond yields declined to historically low levels as fear continues to mount about the potential exit of Greece from the euro currency. Stock markets across Europe plunged as well. In China, the central bank took action over the weekend to stimulate slowing growth, as it announced plans to cut its bank reserve requirement by 0.5 percentage points the day after economic readings showed inflation, industrial production growth, spending and lending had all slowed... COMPANY NEWS: Yahoo! (YHOO) shares gained almost 3% after its CEO Scott Thompson relented to pressure and stepped down following a firestorm over a computer science degree he never received. The company also reached a deal with activist shareholder Dan Loeb of Third Point, who had initially disclosed Thompson's resume problems, as the company agreed to allow Loeb and two other Third Point nominees to join its board... Another recently embattled company, Chesapeake Energy (CHK), jumped 7% after the company said it had arranged for a $3B unsecured loan to aid its financial flexibility as it continues to sell off assets. Also, the Wall Street Journal reported that activist investor Carl Icahn will likely reveal he once again has increased his stake in Chesapeake, and the company said on its call to discuss its financing that it "wouldn't be surprised" if Icahn becomes a large shareholder... JPMorgan Chase (JPM) continues to deal with the fallout of its $2B trading loss, as the bank announced that its Chief Investment Officer Ina Drew will retire, to be replaced by Matt Zames, and the bank's stock fell another 2%... Best Buy (BBY) Chairman Richard Schulze will step down when his term ends after the company's investigation into its former CEO Brian Dunn found that Dunn violated policy by engaging in an inappropriate personal relationship with a female employee and Schulze failed to bring the matter to the board's audit committee when he first learned of the allegations... MAJOR MOVERS: Among the notable gainers were Golfsmith (GOLF), up 28%, after agreeing to be acquired by Canada's Golf Town for $6.10 per share in cash, and Citizens South Banking (CSBC), up 24%, following its announcement that it will merge with Park Sterling Corporation (PSTB). Also higher were shares of Avon (AVP), up more than 4%, after the company responded to the latest $24.75 per share buyout offer from Coty, but asked for another week to make a decision on the bid... Noteworthy losers included Ancestry.com (ACOM), down 13%, following NBC's decision not to renew the TV show "Who Do You Think You Are?", and InterOil (IOC), down 9%, after the company got notice from Papua New Guinea of the state's intention to cancel an LNG project agreement... INDICES: Near noon, the Dow was down 82.07, or 0.64%, to 12,738.53; the Nasdaq was down 16.01, or 0.55%, to 2,917.81; and the S&P 500 was down 9.14, or 0.68%, to 1,344.25. :theflyonthewall.com |
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| 12:07 EDT | | BA |
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| 12:02 EDT | | BMC |
| theflyonthewall.com: | BMC Software management to meet with RBC Capital | | Meetings to be held in Boston on May 14, in New York on May 15-16 and on the West Coast May 17 hosted by RBC Capital. :theflyonthewall.com |
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| 11:05 EDT | | JPM |
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| 10:51 EDT | | BMC |
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| 10:46 EDT | | JPM |
| theflyonthewall.com: | White House says cannot go into detail about JPMorgan situation, Reuters reports | | The White House says it cannot go into detail about the situation because of the SEC investigation, but says the large trading losses reinforces the need to fully implement Wall Street reform, Reuters reports. :theflyonthewall.com |
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| 10:32 EDT | | XOM |
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| 09:43 EDT | | JPM |
| theflyonthewall.com: | JPMorgan gaps open on downside, support is at $34.99 | | :theflyonthewall.com |
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| 09:42 EDT | | JPM |
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| 09:31 EDT | | APA |
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| 09:30 EDT | | BMC |
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| 09:06 EDT | | JPM |
| theflyonthewall.com: | JPMorgan says Ina Drew to retire, will be succeeded by Matt Zames | | JPMorgan Chase says Ina Drew, Chief Investment Officer, has made the decision to retire from the firm. Ina has served the firm for more than 30 years, most recently as head of our Chief Investment Office. Matt Zames, currently co-head of Global Fixed Income in the Investment Bank and head of Capital Markets within the Mortgage Bank, will succeed Ina as the firm’s Chief Investment Officer and continue in his mortgage-related responsibilities. Daniel Pinto, currently co-head of Global Fixed Income with Matt, will become sole head of the group. Daniel will also remain CEO of our Europe, Middle East and Africa region, based in London. :theflyonthewall.com |
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| 09:05 EDT | | JPM |
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| 07:42 EDT | | CBS |
| theflyonthewall.com: | NBC banking on prime time comedies this fall, WSJ reports | | To help turnaround NBC's (CMCSA) fourth place in attracting prime time viewers, the network will unveil to advertisers today a new full-season lineup ahead of the annual "upfront" ad-sales negotiations, reports the Wall Street Journal. In part, NBC is counting on seven new comedies, an area that has been dominated by CBS (CBS). Reference Link :theflyonthewall.com |
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| 07:37 EDT | | AXP |
| theflyonthewall.com: | American Financial Services Association to host a conference | | 22nd AFSA Finance Industry Conference for Fixed Income Investors is being held in Boston on May 14-16. :theflyonthewall.com |
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| 07:34 EDT | | JPM |
| 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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| 07:32 EDT | | BMC |
| theflyonthewall.com: | BMC Software adopts stockholder rights plan | | BMC Software announced that its Board of Directors has unanimously adopted a stockholder rights plan and declared a dividend of one right on each outstanding share of the Company’s common stock. . The Rights Plan will expire on May 11, 2013 unless renewed by the Board of Directors of the Company. Pursuant to the Rights Plan, the Company is issuing one preferred stock purchase right for each share of common stock outstanding at the close of business on May 24, 2012. Under the Rights Plan, the rights generally will become exercisable only if a person or group acquires beneficial ownership of 10% or more of the Company’s common stock in a transaction not approved by the Board of Directors of the Company. :theflyonthewall.com |
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| 07:31 EDT | | BMC |
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| 07:31 EDT | | CBS |
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| 07:30 EDT | | JPM |
| theflyonthewall.com: | Dimon admits to being "dead wrong" to dismiss red flags, Independent says | | JPMorgan Chase (JPM) CEO Jamie Dimon admitted the bank "got very defensive" and reacted badly to warning signs that it had large losses in financial derivatives trading and now the bank has "got to fully expect and pay the price" for its mistake, according to The Independent, quoting his television interview on NBC. Reference Link :theflyonthewall.com |
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| 07:29 EDT | | CBS |
| theflyonthewall.com: | CBS cancels "CSI: Miami," but show will be available on Netflix, Bloomberg says | | CBS (CBS) has cancelled "CSI: Miami," but the show will continue to be sold as reruns to other networks and will become available through CBS's digital distribution deals, which includes streaming on Netflix (NFLX), Bloomberg reports. Reference Link :theflyonthewall.com |
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| 07:23 EDT | | JPM |
| 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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| 07:19 EDT | | DLR |
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| 07:18 EDT | | JPM |
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| 07:17 EDT | | CBS |
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| 07:15 EDT | | JPM |
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| 06:51 EDT | | CBS |
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| 06:35 EDT | | JPM |
| theflyonthewall.com: | Steve Teru Rinoie as JPMorgan's Japan CEO, Nikkei reports | | Steve Teru Rinoie, the head of JPMorgan's (JPM) fixed income of Tokyo operations, has been named as president and CEO of JPMorgan in Japan, the Nikkei reports. Rinoie replaces Christopher Harvey, who will become the CEO of the firm's private bank in Latin America, on May 15. Reference Link :theflyonthewall.com |
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| 06:11 EDT | | JPM |
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| 06:05 EDT | | JPM |
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| 06:03 EDT | | FDX |
| theflyonthewall.com: | USPS banning international shipments of laptops, iPads, AP reports | | The U.S. Postal Service is banning shipments of electronics with lithium batteries internationally, due to the risk of fire, the Associated Press reports. The ban includes electronics such as smartphones, laptops and iPads. Reference Link :theflyonthewall.com |
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May 13, 2012
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| 19:52 EDT | | JPM |
| theflyonthewall.com: | Three executives to leave JPMorgan after trading blunder, WSJ says | | Three executives to leave J.P. Morgan (JPM) after trading loss, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 18:27 EDT | | JPM |
| theflyonthewall.com: | S&P revises JPMorgan outlook to negative | | Standard & Poor's Ratings Services said it revised its outlook on JPMorgan Chase & Co. and its banking subsidiaries to negative from stable. At the same time, we affirmed our 'A/A-1' issuer credit ratings on JPM and our 'A+/A-1' issuer credit ratings on its banking subsidiaries. "The outlook revision reflects JPM's recently announced, unexpected pretax loss of $2B n its Chief Investment Office portfolio related to the miscalculation of a hedge consisting of synthetic credit exposures," said Standard & Poor's credit analyst Stuart Plesser. After reporting a gain of $1 billion from securities sales, the company expects to post an $800M aftertax loss in this division for the second quarter. Previously, JPM said it expected to report a gain of about $200 million in this division. :theflyonthewall.com |
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| 15:44 EDT | | BA, ERJ |
| theflyonthewall.com: | Embraer's near-term turbulence creates long-term opportunity, Barron's contends |
Subscribe for More Information :theflyonthewall.com |
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| 15:36 EDT | | JPM |
| theflyonthewall.com: | Investors can bank on JP Morgan trading at roughly 8x earnings, Barron's says |
Subscribe for More Information :theflyonthewall.com |
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| 15:33 EDT | | JPM, DE |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer laid out his game plan for the week of May 14, ahead of Facebook's (FB) IPO on Friday. (Monday) Groupon (GRPN) reports, Cramer said this stock shows us just what can go wrong with a red hot technology-related IPO. He said to stay away. (Tuesday) A slew of retail earnings, including JC Penney (JCP), Dick'' Sporting Goods (DKS), Saks (SKS), TJX Stores (TJX) and Home Depot (HD). Cramer was bullish on TJX and Home Depot, but told investors to steer clear of the others for now. (Wednesday) earnings include John Deere (DE) a perpetually downbeat conference call, Target (TGT) a retailer whose prospects are looking up, along with two restaurants Jack in the Box (JACK) and Red Robin (RRBG). Cramer said he's intrigued by Target, but would only listen to the two burger chains'' results. (Thursday) Reporting: Ross Stores (ROST), Gap Stores (GPS) and Dollar Tree (DLTR), along with cloud computing giant Salesforce.com (CRM). Cramer said to buy any of the retailers on weakness, but only pickup Salesforce if the weakness is severe. (Friday) the expected IPO of Facebook (FB) and Cramer once again told investors to get in on the IPO, if they can, but absolutely do not buy any shares in the aftermarket. Next, Cramer said he's always a fan of companies unlocking value by splitting themselves up. In a case like Marathon Oil (MRO), shares rose 30% from the time the deal was announced until the split actually occurred earlier this year. But once the split happens, cautioned Cramer, the opportunity comes to an end. Now ConocoPhillips (COP) has spun off its Phillips 66 (PSX) refining and pipeline assets, the company is only growing at 3% to 5% a year, hardly enough to get excited about., Cramer says. He prefers Chevron (CVX), which offers a smaller dividend but also more growth. Investors looking for even more upside should consider EOG Resources (EOG) or an oil pipeline like Kinder Morgan Energy Partners (KMP). Bottom-line: Cramer said that he's not a buyer of either half of the old Conoco and told investors that this opportunity, like most other break up stories, has come to an end. Then, Cramer put the energy drink maker Monster Beverage (MNST) through his 10-step prism to find out if its a turbo-charged company or just an over-caffeinated stock. Weighing all the pros and cons, Cramer said that he would invest in Monster only as a speculative stock. He also recommended using deep-in-the-money call options as a stock replacement strategy to limit the downside risk. MAD MAIL: Medtronic (MDT) is dead money and there are better places to invest. Cramer prefers Energy Transfer Partners (ETP) instead of Inergy (NRGY). Conns (CONN) too risky. Cramer is only recommending a few oil stocks and not Carrizo (CRZO). Bearish on Windstream Communications (WIN). Abbott Labs (ABT) is his favorite drug stock. NO HUDDLE OFFENSE: Cramer sounded off on the JPMorgan Chase (JPM)) bad-trade debacle. Cramer suggested JPM CEO Jamie Dimon give up his bonus as a gesture of good will toward shareholders. LIGHTNING ROUND: (Bullish) DOW; CCE; HBAN, buy under $6. (Bearish) UPL; BGCP; BRCD; ERF.Reference Link :theflyonthewall.com |
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May 11, 2012
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| 17:12 EDT | | JPM |
| theflyonthewall.com: | Fed officials said to seek more information on JPMorgan trade, Bloomberg reports |
Subscribe for More Information :theflyonthewall.com |
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| 16:43 EDT | | JPM |
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| 16:15 EDT | | JPM |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were mixed, as the Nasdaq was just barely able to cling to a marginal gain for the session. Stock futures pointed to a sharply lower open following JPMorgan’s (JPM) announcement of a $2B trading loss. The futures moved off their lows prior to the open but the broader market opened in negative territory. The averages found a level where they began to build following the highest consumer confidence reading since January 2008. Each of the major indices made it to positive territory and then went into a slow drift lower, with only the Nasdaq avoiding a return to the red... ECONOMIC EVENTS: Domestically, the producer price index report showed that prices fell 0.2% in April, versus expectations for no change. The core reading, which strips out food and energy, rose 0.2%, which was in line with expectations. The University of Michigan Consumer Confidence reading was 77.8, stronger than the expected 76 reading and its highest level since January 2008. Internationally, data from China and India may signal a further weakening of the global recovery, as China reported its industrial production rose 9.3% from a year ago in April while India's industrial output fell 3.5% in March from the prior year... COMPANY NEWS: The surprising announcement from JPMorgan of a $2B trading loss at one of its divisions triggered calls for tougher bank regulation and a sell off in its shares. CEO Jamie Dimon admitted to “egregious” failures in its risk management and said the losses could deepen this quarter and beyond, sending its stock down more than 9%... MAJOR MOVERS: Among the notable gainers were Arena Pharmaceuticals (ARNA), up $2.70, or 73.77%, to $6.36, after an FDA panel backed the approval of its weight loss drug, lorcaserin, and Monster Worldwide (MWW), up $1.50, or 19.13%, to $9.33, after Reuters said the company has attracted takeover interest from LinkedIn (LNKD) and Silver Lake, but CNNMoney said sources close to LinkedIn denied that report. Noteworthy losers included Alere (ALR), down $3.28, or 14.71%, to $19.02, following its disclosure of a subpoena from the Department of Health and Human Services and the potential of broader recalls of certain products after an FDA inspection, and Chesapeake Energy (CHK), down $2.37, or 13.80%, to $14.81, after the company said it would need to delay its 10-Q filing and then made the filing shortly afterward, in which it said it may have to delay some of its asset sales... INDICES: The Dow lost 34.44, or 0.27%, to 12,820.60; the Nasdaq rose 0.18, or 0.01%, to 2,933.82; and the S&P 500 dropped 4.60, or 0.34%, to 1,353.39. :theflyonthewall.com |
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| 16:13 EDT | | JPM |
| theflyonthewall.com: | Fed officials said to seek more information on JPMorgan trade, Bloomberg reports |
Subscribe for More Information :theflyonthewall.com |
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| 16:07 EDT | | MSFT |
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| 15:59 EDT | | JPM |
| theflyonthewall.com: | Options Update; May 11, 2012 | | CBOE Volatility Index-VIX up 92c to 19.75 Option volume leaders today: CHK BAC JPM AAPL according to Track Data. :theflyonthewall.com |
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| 15:58 EDT | | JPM |
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| 14:44 EDT | | JPM |
| theflyonthewall.com: | Stocks set to end week lower as turmoil in Europe weighs on shares | | Stocks are poised to finish lower for the week as the fallout from elections in France and Greece, along with worries about the solvency of Spanish banks and Spain itself, rattled investors. MACRO NEWS: French socialist Francois Hollande won the French presidential election on Sunday. Hollande has called for the E.U.'s fiscal pact to be revised and weakened, placing him on a collision course with German Chancellor Angela Merkel and causing investors to become more worried about the euro zone's debt crisis... The Greek election also intensified investors' fears about Europe, as the party with the most votes was unable to form a government and the leader of the second largest party wants to default on the country's deals with the E.U... The Spanish government announced that it would nationalize the country's fourth largest bank, and some investors are worried that other Spanish banks will require aid from the government. There are also concerns that the cost of bailing out banks will bankrupt the Spanish government. COMPANY NEWS. In the U.S., JP Morgan (JPM) announced that it had suffered a $2B loss on synthetic trading positions. Some analysts believe that the loss will grow significantly... Cisco (CSCO) reported stronger than expected Q3 results but provided lower than expected Q4 EPS guidance. The company warned that European headwinds and customers' conservatism were creating challenges... Coty increased its takeover offer for Avon (AVP) to $24.75 per share. :theflyonthewall.com |
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| 13:42 EDT | | JPM |
| theflyonthewall.com: | Dimon tells employees JPMorgan can withstand $2B trading loss, AP reports | | JPMorgan's (JPM) CEO Jamie Dimon said in a letter sent to the bank's employees that can withstand the setback from its disclosure of a $2B trading loss, but that it doesn't excuse the mistakes, reported Associated Press. Dimon told staff no customers suffered as a result of the bank's mistakes, according to AP. Reference Link :theflyonthewall.com |
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| 13:08 EDT | | JPM |
| theflyonthewall.com: | SEC opens investigation into JPMorgan's trading loss, NY Times reports | | A few days ago, the SEC opened a preliminary investigation into JPMorgan’s (JPM) accounting practices and public disclosures about the trades, according to people briefed on the matter, who spoke on the condition of anonymity, the New York Times reported. Reference Link :theflyonthewall.com |
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| 13:02 EDT | | JPM |
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| 12:58 EDT | | AXP |
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| 12:42 EDT | | JPM |
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| 11:56 EDT | | JPM |
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| 11:23 EDT | | BA |
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| 10:23 EDT | | JPM |
| theflyonthewall.com: | On The Fly: Analyst Downgrade Summary | | Today's noteworthy downgrades include: Ardea Biosciences (RDEA) downgraded to Neutral from Buy at UBS... Best Buy (BBY) downgraded to Neutral from Outperform at Credit Suisse... GeoEye (GEOY) downgraded to Neutral from Outperform at Macquarie... JPMorgan (JPM) downgraded to Market Perform from Outperform at FBR Capital... JPMorgan downgraded to Hold from Buy at Stifel Nicolaus... Kemet (KEM) downgraded to Underperform from Buy at BofA/Merrill... PSS World Medical (PSSI) downgraded to Neutral from Outperform at RW Baird... Roundy's (RNDY) downgraded to Neutral from Outperform at RW Baird... AMC Networks (AMCX) downgraded to Hold from Buy at Gabelli. :theflyonthewall.com |
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| 10:13 EDT | | JPM |
| theflyonthewall.com: | Regulators looking into JPMorgan trading for almost a month, NY Times reports |
Subscribe for More Information :theflyonthewall.com |
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| 10:10 EDT | | JPM |
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| 10:06 EDT | | EW |
| theflyonthewall.com: | Leerink's medical supplies and devices analyst hosts a luncheon meeting | | Medical Supplies & Devices Analyst Wise, along with Dr. Ron Waksman, Associate Director of Cardiology at Washington Hospital Center who is also an Investigator for Edwards Lifesciences and Medtronic as well as a Scientific Advisory Board member for Abbott, Boston Scientific and Medtronic, hosts a Luncheon Meeting in conjunction with EuroPCR in Paris, France on May 17 at 6:30 am. :theflyonthewall.com |
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| 10:02 EDT | | BA |
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| 09:41 EDT | | JPM |
| theflyonthewall.com: | Active equity option families in first 10-minutes | | Active equity option families in first 10-minutes of trading according to Track Data are: AAPL JPM ARNA CSCO. :theflyonthewall.com |
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| 09:40 EDT | | JPM |
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| 08:42 EDT | | BA |
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| 08:36 EDT | | JPM |
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| 08:35 EDT | | JPM |
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| 08:01 EDT | | JNPR, 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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| 07:52 EDT | | JPM |
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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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| 07:32 EDT | | JPM |
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| 07:30 EDT | | JPM |
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| 07:25 EDT | | JPM |
| theflyonthewall.com: | Guggenheim's policy analysts discuss JP Morgan's loss on conference call | | Senior Policy Analyst Seiberg and Equity Analyst Mosby discuss JP Morgan's surprise announcement of its $2B loss on a synthetic credit position and the impact on the Volcker Rule, the empowerment of those who want to break-up the mega banks and the impact on JP Morgan on an Analyst/Industry conference call to be held on May 11 at 8:30 am. :theflyonthewall.com |
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| 07:23 EDT | | JPM |
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| 07:21 EDT | | JPM |
| theflyonthewall.com: | JPMorgan price target lowered to $38 from $42 at CLSA | | CLSA's Mike Mayo said JPMorgan's $2B trading loss raises questions regarding checks and balances and increases increases regulatory scrutiny. Shares are Underperform rated. :theflyonthewall.com |
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| 07:20 EDT | | JPM |
| theflyonthewall.com: | Morgan Stanley overall volatility at 46 into JPMorgan $2B loss | | Morgan Stanley overall option implied volatility of 46 is below its 26-week average of 50 according to Track Data, suggesting decreasing price movement. :theflyonthewall.com |
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| 07:15 EDT | | BA |
| theflyonthewall.com: | Joint Chiefs chairman opposes new missile shield, The Hill reports | | The chairman of the Joint Chiefs of Staff said he saw no need for a missile defense system to protect America's East Coast, according to The Hill. Republican House members have proposed creating such a system, which is projected to cost a total of $2B-$4B. Reference Link :theflyonthewall.com |
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| 07:07 EDT | | JPM |
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| 06:59 EDT | | BA |
| theflyonthewall.com: | Senator blocks vote on Export-Import bank reauthorization, The Hill says | | Republican Senator Jon Kyl blocked the Senate from voting to provide new funds for the Export-Import Bank, and sought to require 60 votes to pass the legislation, according to The Hill. Boeing (BA), which is a major beneficiary of Export-Import Bank loans, has fought to extend the bank's charter, while Delta (DAL) fought for reforms to the bank's practices. Reference Link :theflyonthewall.com |
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| 06:52 EDT | | CBS |
| theflyonthewall.com: | CBS sues Disney's ABC over alleged copycat reality TV show, Bloomberg reports | | CBS Corp. (CBS) sued Walt Disney Co. (DIS)’s ABC network, alleging in a copyright infringement complaint that ABC’s “Life in a Glass House” is a “carbon copy” of CBS’s “Big Brother” reality television show, reports Bloomberg. Reference Link :theflyonthewall.com |
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| 06:37 EDT | | JPM |
| theflyonthewall.com: | JP Morgan volatility at low end of 11-month range into $2B loss | | JP Morgan overall option implied volatility of 30 is below its 26-week average of 34 according to Track Data, suggesting decreasing price movement into a large, illiquid hedge position which has already resulted in a $2B loss. :theflyonthewall.com |
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| 06:32 EDT | | JPM |
| theflyonthewall.com: | JPMorgan has replay of business news update conference call | | Conference call was held on May 10 at 5 pm a replay is available through May 24. Webcast Link :theflyonthewall.com |
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| 06:29 EDT | | JPM |
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| 06:20 EDT | | JPM |
| theflyonthewall.com: | JPMorgan price target lowered to $45 from $52 at Citigroup | | Citigroup lowered its price target for JPMorgan to reflect lower earnings and higher uncertainty after the company disclosed a $2B trading loss on synthetic credit positions. Citi is more concerned about regulatory and reputational risks as it believes JPMorgan's balance sheet can handle the loss, and keeps a Buy rating on the stock. :theflyonthewall.com |
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| 06:04 EDT | | CBS |
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| 05:45 EDT | | JPM |
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| 04:59 EDT | | DE |
| 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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