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Stock Market & Financial Investment News

News Breaks
March 1, 2012
22:59 EDTIPGP, LGF, HOG, TDC, JDSU, FHN, VE, EXC, MGA, GS, STRA, JOY, FNSR, BAC, CECO, BGCP, LIZ, STI, JPM, APOL, WYNN, GPSJim Cramer's "Mad Money"
Jim Cramer said the reactions to news of individual stocks is what defines a market. Back in 2011, good news didn't matter and stocks sank lower no matter how good the news. In today's market however, all of that has changed. Cramer cited Gap Stores (GPS), which reported a big turn in same-tore sales. That news sent the stock up big, even though it had already run up in anticipation of the release. Even a company like Liz Claiborne (LIZ), which reported a miss on both earnings and revenues, still saw its shares rise. Finisar (FNSR) rebounded after offering investors a bleak outlook to finish in the bull camp by the end of the day. Investors used the momentary weakness in Wynn Resorts (WYNN) as a buying opportunity, sending those shares up 3% by the close. While some skeptics cite multiple expansion as evidence of a bubble in the markets, Cramer said that multiple expansion based on positive news and rising earnings is not a bubble, it's the fuel for a sustainable rally. EXECUTIVE DECISION: Cramer once again welcomed Mike Sutherlin, president and CEO of mining equipment maker Joy Global (JOY), a stock that's returned an impressive 400% gain since Cramer first recommended it in March 2009. Cramer said that Joy Global's earnings aren't about slowing U.S. demand for coal, but rather the insatiable appetite for coal in the rest of the world. He remained bullish on the stock. Cramer also sat down with Howard Lutnick, chairman and CEO of BGC Partners (BGCP), a speculative $7 financial stock that offers a hefty 9.7% dividend yield. Cramer said he's a fan of the BGC model and would be a buyer of this little known stock. SELL BLOCK: Cramer put the entire for-profit education sector into solitary confinement. He explained that fellow CNBC colleague Herb Greenberg raised concerns that the entire business model of for-profit colleges like Apollo Group (APOL), Career Education (CECO) and Strayer Education (STRA) may indeed be broken, prompting a "major reset" of stock prices across the board. After doing additional research, Cramer said his conclusions confirmed Greenberg's fears. He sees three major headwinds for the group: the labor market is getting better; the competitive landscape is getting a lot tougher with aggressive sale tactics and limited benefits. The risks far outweigh the potential rewards, Cramer concluded. NO HUDDLE OFFENSE: Cramer said it's time to stop selling the banks, as there might finally be some hope on the horizon for this beleaguered sector. Cramer said he saw a number of positive things happen in the banking group Thursday, causing the sector to show some real firepower for the first time in many years. JPMorgan (JPM) received an upgrade thanks to the company controlling expenses. Bank of America (BAC) announced some new fees for customers and didn't immediately receive national outrage. And, Goldman Sachs (GS) received notice of a civil investigation and instead of the stock plummeting, it actually rallied. Couple these three data points to improving commercial loan growth and some positive housing data and Cramer said even the regional banks like SunTrust Bank (STI) and First Horizon (FHN), become attractive. LIGHTNING ROUND: (Bullish) HOG; MGA; JDSU; LGF; EXC; TDC. (Bearish) IPGP; VE. Reference Link
News For GPS;LIZ;FNSR;WYNN;BGCP;JOY;APOL;CECO;STRA;JPM;BAC;GS;STI;FHN;HOG;MGA;JDSU;LGF;EXC;TDC;IPGP;VE From The Last 14 Days
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November 11, 2014
10:00 EDTJPMOn The Fly: Analyst Downgrade Summary
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07:20 EDTTDCTeradata initiated with an Underperform at Macquarie
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07:06 EDTGSMarkit Genpact KYC Services registers 600+ firms, appoints CEO
Markit Genpact KYC Services, the joint venture from Markit Ltd. (MRKT) and Genpact Ltd. (G) announced that more than 600 buyside firms and corporations are registered for its centralized service to streamline the management of know your customer information required by banks. Markit Genpact KYC Services also announced the appointment of Jon May as CEO. He joins Markit Genpact KYC Services from Goldman Sachs (GS) where he was a managing director and global head of client onboarding as well as head of Securities Operations and Operations Data Quality Management in India. Jon May will join Markit Genpact KYC Services in January 2015, based in London.
06:59 EDTBACBank of America's head of FICC trading to retire by year-end, WSJ reports
Bank of America's head of global fixed income, currencies and commodities trading trading, David Sobotka, will retire by year-end, the Wall Street Journal reports, citing an internal memo sent to employees. Sobotka is planning to take some time off before deciding on his next steps. Sources say BofA will name Sobotka's replacement by the end of the year. Reference Link
06:39 EDTJPMJPMorgan downgraded on valuation at Keefe Bruyette
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05:47 EDTJPMJPMorgan downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded JPMorgan to Market Perform with a $64 price target.
November 10, 2014
15:57 EDTGPSWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
15:55 EDTJDSUNeedham to hold a conference
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15:17 EDTJPMCFPB may require added disclosures on prepaid cards, WSJ says
The Consumer Financial Protection Bureau is expected to propose new rules later this week that will require more disclosure for prepaid debit cards and cracking down on allowing consumers to spend more money on the cards than they have, according to The Wall Street Journal, citing people familiar with the matter. The rules come as traditional financial institutions, such as JPMorgan (JPM) and American Express (AXP) have moved into the business and the industryís biggest players donít allow overdrafts so it is unclear whether the new rules will dent industry profits, the report said. Green Dot (GDOT) also does not permit overdrafts and Visa (V) recently excluded overdraft abilities in guidelines for its prepaid cards, the report added. Reference Link
14:47 EDTJDSUJDSU management to meet with Jefferies
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13:35 EDTFNSRCapital Research Global reports 11.9% passive stake in Finisar
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10:14 EDTLGFHigh option volume stocks
High option volume stocks: UN PAGP PHH RGLS DF URA CERS DNDN LGF CALL
09:21 EDTJDSUActivist Sandell to vote against some JDSU board nominees, Bloomberg says
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08:22 EDTJDSUNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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07:22 EDTGPSU.S. Retail Softlines sector downgraded to Negative at Barclays
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06:53 EDTBACBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTJPM, BAC, GSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:18 EDTJPMUBS to settle misconduct allegations at precious metals trading unit, FT reports
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05:48 EDTGPSU.S. Retail Softlines industry cut to Negative at Barclays
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November 9, 2014
13:00 EDTBACBofA looks for additional SEC sanctions to be waved, Bloomberg says
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