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May 25, 2012
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| 11:28 EDT |  | AMZN |
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| 10:53 EDT | | FB |
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| 10:51 EDT | | FB |
| theflyonthewall.com: | Google may be planning to add events, local features to Google+, The Verge says |
 Subscribe for More Information :theflyonthewall.com |
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| 10:31 EDT |  | FB |
| theflyonthewall.com: | On The Fly: Analyst Initiation Summary | | Today's noteworthy initiations include: Acquity Group (AQ) initiated with a Buy at Citigroup... Acquity Group initiated with an Outperform at William Blair... Callidus Software (CALD) initiated with an Outperform at Oppenheimer... Ellie Mae (ELLI) initiated with an Outperform at Oppenheimer... Facebook (FB) initiated with a Hold at Capstone... Life Technologies (LIFE) initiated with a Neutral at Piper Jaffray... LivePerson (LPSN) initiated with an Outperform at Oppenheimer... Hain Celestial (HAIN) initiated with a Buy at SunTrust... Grainger (GWW) initiated with a Hold at Wunderlich... Riverbed (RVBD) initiated with a Buy at Gabelli. :theflyonthewall.com |
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| 08:48 EDT | | FB |
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| 08:23 EDT | | FB, MS |
| theflyonthewall.com: | Morgan Stanley likely to maintain its Silicon Valley presence, Reuters reports |
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| 07:13 EDT | | FB |
| theflyonthewall.com: | Claims against Nasdaq over Facebook IPO to be over $100M, Reuters reports | | Claims by four of Wall Street's main market makers against Nasdaq (NDAQ) over Facebook's (FB) IPO are likely to exceed $100M, as they and other traders continue to deal with thousands of problems with customer orders, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:06 EDT | | FB |
| theflyonthewall.com: | Wholesale brokerages' trading losses on Facebook IPO could top $100M, FT says | | Computer glitches in Nasdaq’s (NDAQ) software on the morning of Facebook’s (FB) initial public offering may have caused trading losses for wholesale brokerages like Knight Capital (KCG) and Citadel that could top $100M, reported Financial Times. Reference Link :theflyonthewall.com |
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| 07:05 EDT | | MS |
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| 06:46 EDT | | FB |
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| 06:14 EDT | | MS, FB |
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| 06:11 EDT | | FB |
| theflyonthewall.com: | Citadel lost around $30M due to Facebook's botched IPO, Reuters reports | | Citadel's market-making business lost around $30M due to the Facebook (FB) IPO on Nasdaq (NDAQ), a source tells Reuters. The losses at Citadel securities are in line with losses at Knight Capital (KCG), which said it suffered a pre-tax loss of $30M-$35M. Knight has demanded compensation from Nasdaq for its losses and says it will take legal action if necessary. Reference Link :theflyonthewall.com |
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| 05:59 EDT | | FB, MS |
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May 24, 2012
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| 23:50 EDT |  | FB, MS |
| 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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| 18:07 EDT | | FB |
| theflyonthewall.com: | Pinterest hires Facebook's Barry Schnitt for communications, AllThingsD reports |
Subscribe for More Information :theflyonthewall.com |
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| 17:03 EDT | | FB, MS |
| theflyonthewall.com: | Morgan Stanley says reconciliation from Facebook trades may go into next week |
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| 16:59 EDT | | FB, MS |
| theflyonthewall.com: | Morgan Stanley: No one to pay more than $43 on Facebook stock opening,CNBC says | | This was reported by CNBC. :theflyonthewall.com |
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| 16:13 EDT | | FB |
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| 15:44 EDT | | MS, FB |
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| 14:53 EDT | | FB |
| theflyonthewall.com: | NYSE accelerating efforts to talk to companies planning IPOs, CNBC says | | Following the performance of Nasdaq (NDAQ) on Facebook's (FB) initial public offering, the New York Stock Exchange (NYX) is accelerating its efforts to talk to companies who’ve recently filed IPO plans and are undecided about where they’ll list or who may reconsider their choice of listing on the Nasdaq, according to CNBC, citing source. CNBC's source also said that the NYSE has made no overt pitches to Facebook about moving its listing and that Facebook has not contacted the exchange operator inquiring about a switch. Reference Link :theflyonthewall.com |
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| 14:18 EDT | | FB |
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| 13:56 EDT | | FB |
| theflyonthewall.com: | Citadel facing significant losses over Facebook trades, CNBC reports | | The loses stem from covering attempted trades by clients, CNBC reports, citing sources. :theflyonthewall.com |
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| 13:13 EDT | | FB |
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| 13:12 EDT | | AMZN |
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| 11:53 EDT | | FB |
| theflyonthewall.com: | NASDAQ CEO Greifeld concerned about Facebook moving to NYSE, CNBC says | | Nasdaq (NDAQ) CEO Robert Greifeld is concerned about Facebook (FB) potentially moving its listing to the NYSE (NYX) following the problems surrounding its initial public offering but Greifeld has internal support, according to CNBC, citing sources. Nasdaq executives have made dozen of calls over several days as the exchange tries to contain fallout but won’t know the true impact of the Facebook IPO for months, CNBC added. :theflyonthewall.com |
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| 11:36 EDT | | FB |
| theflyonthewall.com: | NASDAQ concerned about Facebook leaving, CNBC reports, citing sources | | :theflyonthewall.com |
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| 11:35 EDT |  | FB |
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| 11:06 EDT | | FB |
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| 10:48 EDT | | MA |
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| 08:50 EDT |  | MA |
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| 07:49 EDT | | FB |
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| 07:29 EDT | | MS, FB |
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| 07:18 EDT | | MA |
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| 07:09 EDT |  | FB |
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| 06:10 EDT | | MA |
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| 06:03 EDT | | MS, FB |
| theflyonthewall.com: | Congressional panels review Facebook IPO, AP reports | | Two congressional panels are set to review Facebook's (FB) IPO amid allegations that Morgan Stanley (MS) may have provided only select clients with a negative assessment of the company, the Associated Press reports. Sen. Tim Johnson, D-SD, the chairman of the Senate Banking Committee, says his panel is learning more about the IPO, and the House Financial Services Committee is also gathering information. Reference Link :theflyonthewall.com |
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May 23, 2012
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| 23:28 EDT | | FB |
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| 16:42 EDT | | FB |
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| 16:27 EDT | | FB |
| 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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| 15:53 EDT | | FB |
| theflyonthewall.com: | Facebook considering NYSE proposal to switch listing, Reuters says | | The New York Stock Exchange (NYX) is courting Facebook (FB) to switch its listing away from Nasdaq (NDAQ) after its troubled IPO, a source told Reuters. Facebook is weighing the proposal, according to the source, who did not offer specifics, Reuters said. Reference Link :theflyonthewall.com |
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| 15:06 EDT | | MS |
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| 12:42 EDT | | FB |
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| 12:03 EDT | | FB |
| theflyonthewall.com: | Facebook IPO being investigated by Senate Banking Committee, CNBC says | | :theflyonthewall.com |
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| 11:53 EDT | | MS |
| theflyonthewall.com: | IPO underwriters made $100M in stabilizing Facebook trading, WSJ reports | | Morgan Stanley (MS) and other underwriters made about $100M in profits from stabilizing shares of Facebook (FB) since trading began on Friday, the Wall Street Journal reports, citing people familiar with the matter. The gains, which are on top of any IPO fees, are expected to be offset partially by client reimbursements due to technical trading glitches, a source told the Journal. Reference Link :theflyonthewall.com |
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| 10:30 EDT |  | MS |
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| 09:34 EDT | | FB |
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| 09:29 EDT | | FB, MS |
| 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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| 09:05 EDT | | AMZN |
| theflyonthewall.com: | Amazon.com announces licensing agreement with Paramount Pictures | | Amazon.com (AMZN) announced a licensing agreement with Paramount Pictures (VIA) that brings hundreds of new hit movies to Prime Instant Video in the U.S. over the next three years. Prime Instant Video now offers customers more than 17,000 movies and TV episodes to enjoy. :theflyonthewall.com |
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| 09:01 EDT | | AMZN |
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| 08:47 EDT | | FB |
| theflyonthewall.com: | Fifth & Pacific became first client to allow consumers to buy stock via Facebook |
Subscribe for More Information :theflyonthewall.com |
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| 07:46 EDT | | FB |
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| 07:25 EDT | | MS |
| theflyonthewall.com: | China wants its investment banks to rival Goldman, Morgan Stanley, Reuters says |
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| 07:22 EDT | | MS |
| 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 | | MS |
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| 07:18 EDT | | BRCM |
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| 07:13 EDT | | FB |
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| 07:13 EDT | | MS, FB |
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| 07:05 EDT | | FB |
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| 06:27 EDT | | MA |
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| 06:15 EDT | | FB, MS |
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| 06:07 EDT | | MS, FB |
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| 06:03 EDT | | MS, FB |
| theflyonthewall.com: | Before float, Facebook advsied analysts to cut forecasts, Reuters reports | | According to people with direct knowledge of the situation, Facebook (FB) advised analysts for underwriters to cut earnings and revenue forecasts before the company's $16B IPO, Reuters reports. Facebook told analysts to reduce estimates after consulting with adviser Morgan Stanley (MS) and due to feedback during its investor roadshow which suggested users were opting for mobile devices, which generate less advertising revenue. Reference Link :theflyonthewall.com |
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May 22, 2012
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| 21:57 EDT | | FB |
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| 17:55 EDT | | MS, FB |
| theflyonthewall.com: | Secy. of the Commonwealth of Massachusetts subpoenas Morgan Stanley | | Secretary of the Commonwealth William F. Galvin said his office's Securities Division issued a subpoena to Morgan Stanley (MS) in connection with the discussions by their analyst with certain institutional investors about the revenue prospects for Facebook (FB) prior to that company's initial public offering last week. :theflyonthewall.com |
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| 17:44 EDT | | FB, MS |
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| 17:16 EDT | | FB, MS |
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| 16:34 EDT | | FB |
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| 16:23 EDT | | MS, FB |
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| 15:38 EDT | | FB |
| theflyonthewall.com: | Facebook heads to lows of day, support at $30.98 | | :theflyonthewall.com |
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| 14:40 EDT | | FB, MS |
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| 13:58 EDT | | MS |
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| 12:22 EDT | | FB |
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| 09:45 EDT | | FB |
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| 09:38 EDT | | FB |
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| 09:33 EDT | | AMZN |
| theflyonthewall.com: | To Amazon's chagrin, Wishpond launches Mall360, Tech Crunch reports | | In a move sure to make Amazon (AMZN) executives grimace, Wishpond has announced the launch of its Mall360, a local search engine that aggregates realtime inventory and product listings from a wide range of retail stores, according to Tech Crunch. Reference Link :theflyonthewall.com |
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| 09:04 EDT | | FB |
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| 08:33 EDT | | AMZN |
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| 07:50 EDT | | AMZN |
| theflyonthewall.com: | Amazon beats out Barnes & Noble, to sell Kindle at U.K.'s Waterstones, WSJ says |
Subscribe for More Information :theflyonthewall.com |
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| 07:47 EDT |  | MS |
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| 07:46 EDT | | FB |
| theflyonthewall.com: | Google CEO critical of Facebook being "closed" with data, VentureBeat reports | | Google (GOOG) CEO Larry Page criticized Facebook (FB) for its data sharing policies and cooperation, saying, "it’s been unfortunate that Facebook has been pretty closed with their data,” in an interview with PBS' Charlie Rose, reported VentureBeat. Reference Link :theflyonthewall.com |
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| 07:18 EDT | | FB, MS |
| theflyonthewall.com: | Morgan Stanley lowered Facebook revenue forecasts before IPO, Reuters reports | | Just before Facebook's (FB) $16B IPO, Morgan Stanley (MS), the deal's lead underwriter, unexpectedly told major clients that the bank's consumer Internet analyst was reducing his revenue forecasts for the company, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:15 EDT | | MS |
| 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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| 07:10 EDT | | MS |
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| 06:54 EDT | | MS |
| 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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| 06:15 EDT | | MS, FB |
| 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 | | AMZN, FB |
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May 21, 2012
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| 16:16 EDT | | FB |
| 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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| 13:32 EDT | | FB |
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| 12:21 EDT | | FB |
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| 12:13 EDT | | GMCR |
| theflyonthewall.com: | Green Mountain says litigation ongoing against 2 unlicensed portion pack makers |
Subscribe for More Information :theflyonthewall.com |
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| 11:48 EDT | | GMCR |
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| 11:45 EDT | | GMCR |
| theflyonthewall.com: | Green Mountain says expanding U.S. grocery presence | | Comment from presentation at Janney Capital Markets Consumer Conference. :theflyonthewall.com |
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| 10:34 EDT |  | MS |
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| 10:00 EDT | | FB |
| theflyonthewall.com: | Facebook falls 12.7% | | Facebook is down 12.7%, or $4.88, to $33.49 :theflyonthewall.com |
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| 09:47 EDT | | FB |
| theflyonthewall.com: | Facebook next theoretical supports at $32.50 and $30 | | :theflyonthewall.com |
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| 09:44 EDT | | FB |
| theflyonthewall.com: | Facebook breaks support at $35 area, attempting base at $34 | | :theflyonthewall.com |
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| 09:23 EDT | | FB |
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| 09:00 EDT | | FB |
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| 08:51 EDT | | AMZN |
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| 08:47 EDT | | AMZN |
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| 08:37 EDT | | FB |
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| 08:34 EDT | | FB |
| theflyonthewall.com: | Facebook drops 3.6% to $36.86 in pre-market, below $38 IPO price | | :theflyonthewall.com |
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| 08:34 EDT | | FB |
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| 07:32 EDT | | MS |
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| 07:15 EDT | | FB, MS |
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| 07:09 EDT | | MS |
| 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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| 06:37 EDT | | FB |
| theflyonthewall.com: | Nasdaq CEO faults software design for its Facebook problems, Bloomberg reports |
Subscribe for More Information :theflyonthewall.com |
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| 06:31 EDT | | MS |
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| 06:29 EDT | | MS |
| theflyonthewall.com: | Formula One to begin pre-marketing for $3B IPO, Reuters reports | | Motor racing firm Formula One will start pre-marketing for its up to $3B Singapore IPO tomorrow after receiving approval from the city's stock exchange for the deal, sources say, reports Reuters. The IPO is set to be priced before the end of June. Goldman Sachs (GS), Morgan Stanley (MS) and UBS (UBS) were hired to lead the IPO. Reference Link :theflyonthewall.com |
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| 06:18 EDT | | MS, FB |
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May 20, 2012
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| 17:37 EDT | | FB |
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| 09:55 EDT | | FB |
| theflyonthewall.com: | If not supported, Facebook could fall below its offering price, Barron's says |
Subscribe for More Information :theflyonthewall.com |
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May 19, 2012
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| 15:36 EDT | | FB |
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May 18, 2012
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| 17:28 EDT | | FB |
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| 17:23 EDT | | FB |
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| 16:29 EDT | | FB |
| theflyonthewall.com: | Facebook buys mobile gifting firm Karma for undisclosed amount, DJ reports | | :theflyonthewall.com |
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| 16:14 EDT | | FB |
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| 15:33 EDT | | MS |
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| 15:17 EDT | | FB |
| theflyonthewall.com: | Facebook fighting to hold $38.50 area, resistance at $39.09, support at $38 | | :theflyonthewall.com |
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| 14:55 EDT | | FB |
| theflyonthewall.com: | Facebook attempting to hold $40 levels, support below at $39.09 | | :theflyonthewall.com |
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| 14:37 EDT | | FB |
| theflyonthewall.com: | Market set to end week lower as European situation continues to rattle investors | | Stocks are poised to end the week much lower as investors continued to worry that Greece could leave the euro zone, sparking a worldwide financial crisis. MACRO NEWS: Greece officially announced that it would hold new elections on June 17. The country's second-largest party, SYRIZA, has said that it wouldn't adhere to the agreements that previous Greek governments made in order to obtain bailout funds. Meanwhile, Greeks pulled their money out of the country's banks in droves... Also unnerving investors was the situation in Spain, whose fourth largest bank was reportedly hit with more than EUR1B of withdrawals. In a related development, Moody's downgraded its ratings on 16 Spanish banks... U.S. economic data failed to boost stocks, as jobless claims were in-line with the consensus estimate, but the index of leading economic indicators for April came in significantly below the consensus estimate. COMPANY NEWS: Facebook (FB) launched its IPO. The stock opened at $38 and was trading at $40.15 at 2:20 PM ET... Yahoo's (YHOO) CEO resigned, and the company agreed to add three nominees made by hedge fund Third Point to its board. The company is reportedly in talks to sell a 20% stake in Chinese e-commerce company Alibaba back to the Chinese company for about $7B, according to All Things Digital... Groupon (GRPN) reported stronger than expected Q1 results, :theflyonthewall.com |
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| 14:15 EDT | | AMZN, FB |
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| 12:33 EDT | | FB |
| theflyonthewall.com: | Facebook establishes trading range, support at $41.04, resistance at $42 | | :theflyonthewall.com |
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| 12:19 EDT | | FB |
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| 12:17 EDT | | FB |
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| 11:50 EDT | | FB |
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| 11:30 EDT |  | FB |
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| 11:17 EDT | | FB |
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| 11:08 EDT | | FB |
| theflyonthewall.com: | Facebook scheduled to open at 11:10, indicated at $42 per share | | :theflyonthewall.com |
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| 11:00 EDT | | FB |
| theflyonthewall.com: | Facebook opening delayed five minutes, scheduled to open at 11:05 ET | | :theflyonthewall.com |
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| 10:58 EDT | | FB |
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| 10:49 EDT | | FB |
| theflyonthewall.com: | Facebook IPO indicated to open at $45 on 19M shares | | The 421.23M share IPO priced at $38.00. :theflyonthewall.com |
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| 10:36 EDT | | AMZN, FB |
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| 10:27 EDT |  | MS |
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| 10:05 EDT | | FB |
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| 09:03 EDT | | FB |
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| 08:53 EDT | | FB |
| theflyonthewall.com: | GSV Capital volatility elevated into Facebook IPO | | GSV Capital (GSVC) overall option implied volatility of 78 is above its six-week average of 64, according to Track Data, suggesting elevated movement because of the stakes it owns in Zynga (ZNGA), Facebook (FB), Twitter and 15 other blue-chip venture-backed companies. :theflyonthewall.com |
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| 08:47 EDT | | FB |
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| 08:43 EDT | | FB |
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| 08:37 EDT | | FB |
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| 08:35 EDT | | AMZN, FB |
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| 08:28 EDT | | FB |
| theflyonthewall.com: | Futures higher ahead of Facebook offering | | Stock futures continue to point to a higher open, despite declines on most overseas markets. The U.S. market has been down for 11 consecutive sessions and will look to break that streak today. Investors are eagerly awaiting the initial public offering of Facebook (FB), which priced its shares at $38 and is scheduled to begin trading on the Nasdaq at 11:00 am ET. :theflyonthewall.com |
|
| 07:49 EDT | | HOT |
| theflyonthewall.com: | Slot machine parlors to be removed from residential areas, Macau Business says |
Subscribe for More Information :theflyonthewall.com |
|
| 07:44 EDT | | AMZN |
| theflyonthewall.com: | Amazon selling ads on Kindle Fire welcome screen, AdAge reports | | Amazon (AMZN) is selling advertisements on the Kindle Fire’s home screen for around $600,000, according to AdAdge, which notes that the ad campaigns would run for two months and also include inventory from Amazon's "Special Offers" product. Reference Link :theflyonthewall.com |
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| 07:19 EDT | | MS |
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| 07:17 EDT | | FB |
| theflyonthewall.com: | Futures point to higher open | | Stock futures are pointing to a slightly higher open as the market tries to break its string of 11 consecutive lower closes. World markets moved lower on continued concerns over the fate of the euro zone; the U.S. market will have to go against this trend in order to finish in positive territory today. Little economic data is scheduled to be released today, as all eyes are fixated on the initial public offering of Facebook (FB). :theflyonthewall.com |
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| 06:57 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley upgraded at UBS | | As previously reported, UBS upgraded Morgan Stanley to Buy from Neutral. The firm upgraded shares citing valuation. Price target cut to $19 from $21. :theflyonthewall.com |
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| 06:55 EDT | | GMCR |
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| 06:45 EDT | | FB |
| theflyonthewall.com: | Google not giving clear statistics about Google+ activity, Business Insider says |
Subscribe for More Information :theflyonthewall.com |
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| 06:43 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley upgraded to Buy from Neutral at UBS | | :theflyonthewall.com |
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| 06:40 EDT | | AMZN |
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| 06:39 EDT | | FB, MS |
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| 05:47 EDT | | FB |
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| 00:10 EDT | | MA |
| theflyonthewall.com: | The dip in MasterCard's shares provides a convenient entry point, Barron's says | | MasterCard''s (MA) shares trades more cheaply than Visa's (V) at 15.2x forward earnings, a discount to the company's almost 20% long-term earnings growth rate. MasterCard has a debt-free balance sheet, and sports a 35% return on equity -- more than double Visa's, Barron's reports. Unlike banks, MasterCard doesn't take on any credit risk, and even in a mature market like the U.S., just over half of all transactions are electronic, providing a long runway for growth. Reference Link :theflyonthewall.com |
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| 00:09 EDT | | FB |
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May 17, 2012
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| 16:27 EDT | | FB |
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| 16:02 EDT | | FB |
| theflyonthewall.com: | Facebook 421.2M share IPO priced at $38.00 | | The deal priced at the high end of the $34.00-$38.00 range. Morgan Stanley, JPMorgan and Goldman acted as joint book running managers for the offering. :theflyonthewall.com |
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| 14:14 EDT | | FB |
| theflyonthewall.com: | Facebook close to pricing IPO around $38 per share, WSJ reports | | Facebook's (FB) initial public offering will be for about $18.4B, as the deal is going to sell the entire over allotment and looks like it will price at about $38 a share, though discussions are still fluid, according to The Wall Street Journal. Reference Link :theflyonthewall.com |
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| 14:12 EDT | | MS |
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| 14:02 EDT | | FB |
| theflyonthewall.com: | Facebook close to pricing IPO around $38 per share, WSJ reports | | :theflyonthewall.com |
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| 12:30 EDT | | FB |
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| 11:46 EDT | | FB |
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| 11:34 EDT | | HOT |
| theflyonthewall.com: | Starwood Hotels weakness a buying opportunity, says UBS | | :theflyonthewall.com |
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| 09:23 EDT | | FB |
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| 09:19 EDT | | FB |
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| 07:34 EDT | | GMCR |
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| 07:21 EDT | | FB |
| theflyonthewall.com: | Washington Journal holds a discussion on Facebook's lobbying efforts on the Hill |
Subscribe for More Information :theflyonthewall.com |
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| 07:19 EDT | | MS |
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| 07:14 EDT | | FB, MS |
| theflyonthewall.com: | Many firms stop selling Facebook shares ahead of IPO, Reuters reports | | Investors who want Facebook (FB) shares may have lost the opportunity as several firms including TD Ameritrade (AMTD), Fidelity's brokerage arm, Morgan Stanley (MS), E*Trade Financial (ETFC) and Wells Fargo (WFC) Advisors stopped accepting orders Tuesday evening, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:13 EDT | | MA |
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| 07:10 EDT | | FB |
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| 07:09 EDT | | MS |
| theflyonthewall.com: | White House seeks to toughen bank rules, WSJ reports | | Following the losses at J.P. Morgan Chase (JPM), the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 06:38 EDT | | MS |
| theflyonthewall.com: | U.S. foreclosure filings fall to five year low, Bloomberg reports | | In April, foreclosure filings in the U.S. fell to a five year low as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold, reports Bloomberg. The number of default, auction and seizure notices sent to homeowners last month was 188,780, down 14% from a year ago and 5% from March, according to RealtyTrac Inc. Reference Link :theflyonthewall.com |
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| 06:34 EDT | | FB |
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| 06:15 EDT | | FB, MS |
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| 06:10 EDT | | MS |
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| 06:04 EDT | | MS |
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| 00:23 EDT | | AMZN, FB |
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|
May 16, 2012
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| 16:53 EDT | | AMZN |
| theflyonthewall.com: | Einhorn says Amazon's future a 'riddle' after profits lag sales, Bloomberg says | | :theflyonthewall.com |
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| 15:53 EDT | | AMZN |
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| 15:50 EDT | | AMZN |
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| 15:16 EDT | | MS |
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| 13:10 EDT | | FB |
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| 13:00 EDT | | AMZN |
| theflyonthewall.com: | Groupon hires Amazon executive Vinayak Hegde, AllThingsD reports | | Groupon (GRPN) has hired Vinayak Hegde as its new VP of Engineering, AllThingsD reports. Hegde will oversee the company's marketing technology expansion and will be in charge of opening a new 20-person office in Seattle. Hegde comes to Groupon from Amazon (AMZN), where he spent six years managing payments and another six years heading up several other business units. Reference Link :theflyonthewall.com |
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| 12:19 EDT | | MS |
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| 12:14 EDT | | FB |
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| 11:48 EDT | | MS |
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| 11:24 EDT | | AMZN |
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| 10:11 EDT | | FB |
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| 09:55 EDT | | MA |
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| 09:45 EDT | | MA |
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| 09:43 EDT | | MA |
| theflyonthewall.com: | MasterCard says Brazil, Mexico the two biggest countries for company in LatAm |
Subscribe for More Information :theflyonthewall.com |
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| 09:26 EDT | | MA |
| theflyonthewall.com: | MasterCard: Italy, Spain, Greece account for less than 5% of total rev. globally |
Subscribe for More Information :theflyonthewall.com |
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| 08:37 EDT | | FB |
| theflyonthewall.com: | Facebook could be looking to acquire Research in Motion, Daily Mail reports | | With Facebook's (FB) Friday IPO expected to raise in excess of $12B, speculation has increased around what acquisitions the company could make, with Research in Motion (RIMM) stepping forward as a major prospect, according to the Daily Mail. Reference Link :theflyonthewall.com |
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| 07:29 EDT | | FB |
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| 06:59 EDT | | AMZN |
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| 06:42 EDT | | FB |
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| 06:18 EDT | | FB |
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| 06:04 EDT | | MS |
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May 15, 2012
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| 15:57 EDT | | FB |
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| 15:15 EDT | | FB |
| theflyonthewall.com: | GM says Facebook ads have little impact, will stop buying them, WSJ reports | | General Motors (GM) executives determined their paid ads on Facebook (FB) had little impact on consumers and will stop advertising on Facebook, according to The Wall Street Journal, citing sources. The sources added that the auto maker will continue to expand its use of marketing through Facebook's pages where it can display content at no cost. Reference Link :theflyonthewall.com |
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| 14:54 EDT | | FB |
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| 13:26 EDT | | FB |
| theflyonthewall.com: | Lightbox confirms team to join Facebook, says Facebook not acquiring the company |
Subscribe for More Information :theflyonthewall.com |
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| 12:59 EDT | | FB |
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| 12:26 EDT | | FB |
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| 10:31 EDT | | HOT |
| theflyonthewall.com: | Nomura: May gaming revenue in Macau weaker than expected, Macaubusiness.com says |
Subscribe for More Information :theflyonthewall.com |
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| 10:14 EDT | | AMZN |
| 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 |
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| 09:48 EDT | | AMZN |
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| 09:30 EDT | | AMZN |
| theflyonthewall.com: | Amazon.com initiated with a Buy at Topeka | | Target $400. :theflyonthewall.com |
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| 07:56 EDT | | BRCM |
| theflyonthewall.com: | JP Morgan to host a conference | | 40th Annual Global Technology, Media & Telecom Conference is being held in Boston on May 15-17 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
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| 07:39 EDT | | FB |
| theflyonthewall.com: | Intense Facebook interest ups IPO price range to $34-$38 a share, WSJ reports | | Late yesterday, Facebook (FB) increased the price range for its IPO to $34 to $38 a share, from $28 to $35 a share, sources say, as investors crave the stock, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 07:35 EDT | | AMZN, FB |
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| 07:17 EDT | | MS |
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| 07:16 EDT | | MS |
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| 07:13 EDT | | MS |
| theflyonthewall.com: | President Obama: Wall Street needs reform, Reuters reports | | President Obama said the trading loss at JPMorgan Chase & Co. (JPM) illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention, reports Reuters. Reference Link :theflyonthewall.com |
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| 06:52 EDT | | MS |
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| 06:44 EDT | | AMZN |
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| 06:23 EDT | | AMZN |
| theflyonthewall.com: | Labor, power shortages could turn worse as notebook demand rises, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
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| 06:21 EDT | | AMZN |
| theflyonthewall.com: | Qualcomm Snapdragon shortage forcing vendors to other options, DigiTimes says |
Subscribe for More Information :theflyonthewall.com |
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| 06:17 EDT | | AMZN |
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| 06:14 EDT | | FB |
| theflyonthewall.com: | Facebook raises IPO range to $34.00-$38.00 from $28.00-$35.00. | | :theflyonthewall.com |
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| 06:10 EDT | | AMZN |
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| 06:03 EDT | | AMZN |
| theflyonthewall.com: | Amazon.com upgraded to Outperform from Neutral at Credit Suisse | | Credit Suisse expects Amazon.com's CSOI margin to stabilize in 2H 2012 and move higher in 2013 driven by increasing mix of 3P, digital, and AWS revenue, and productivity gains from new fulfillment center openings. Price target raised to $270 from $190. :theflyonthewall.com |
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| 05:03 EDT | | FB |
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May 14, 2012
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| 16:41 EDT | | BRCM |
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| 11:05 EDT | | MS |
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| 08:31 EDT | | MA |
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| 07:34 EDT | | MS |
| 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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| 07:24 EDT | | FB |
| theflyonthewall.com: | Futures begin the week sharply lower | | Stock futures are pointing to a lower open as the week's trading is set to begin. The weakness comes after European markets dropped due to the inability of Greece's largest political parties to form a coalition government. As a result, investors are concerned that the country could quit the euro zone. Little economic data is slated to be released today, and investors are looking forward to the IPO of Facebook (FB) at the end of the week. :theflyonthewall.com |
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| 07:23 EDT | | MS |
| theflyonthewall.com: | Not just U.S. but global regulators likely to react to JPMorgan events, FT says |
Subscribe for More Information :theflyonthewall.com |
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| 07:15 EDT | | MS |
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| 07:12 EDT | | FB |
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| 06:39 EDT | | GMCR |
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| 06:11 EDT | | FB |
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| 06:03 EDT | | AMZN |
| 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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| 15:41 EDT | | FB |
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| 15:33 EDT | | FB |
| 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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| 16:50 EDT | | FB |
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| 15:06 EDT | | FB |
| theflyonthewall.com: | Zynga calls options active into Facebook IPO | | Zynga (ZNGA) May 8 and 9 calls are active on total call volume of 29K contracts (6K puts) into the expected IPO of Facebook (FB). May call option implied volatility is at 92, June is at 86, September is at 76; above its 17-week average 68 according to Track Data. Active call volume suggests traders taking positions for larger price movement. :theflyonthewall.com |
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| 12:58 EDT | | MA |
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| 11:52 EDT | | FB |
| theflyonthewall.com: | Facebook IPO many times oversubscribed, range may increase, CNBC says | | CNBC cites sources. :theflyonthewall.com |
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| 10:26 EDT | | AMZN |
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| 09:50 EDT | | MS |
| theflyonthewall.com: | Morgan Stanley gaps down, support is at $14.39 | | :theflyonthewall.com |
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| 08:00 EDT | | FB |
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| 07:52 EDT | | MS |
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| 07:42 EDT | | FB |
| theflyonthewall.com: | FTC talks with Google, Twitter about Facebook's Instagram buy, Reuters reports | | The FTC is speaking with Google (GOOG) and Twitter in an investigation into Facebook's (FB) $1B acquisition of photo-sharing service Instagram, sources say, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:25 EDT | | AMZN |
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| 07:22 EDT | | FB |
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| 07:20 EDT | | MS |
| 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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| 07:13 EDT | | FB |
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| 06:14 EDT | | FB |
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| 05:56 EDT | | AMZN |
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| 05:45 EDT | | MS |
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| 04:59 EDT | | AMZN |
| 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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