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Stock Market & Financial Investment News

News Breaks
March 1, 2012
22:59 EDTVE, EXC, MGA, IPGP, LGF, HOG, TDC, JDSU, FHN, STI, JPM, APOL, WYNN, GPS, GS, STRA, JOY, FNSR, BAC, CECO, BGCP, LIZJim 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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January 13, 2015
15:00 EDTBGCPBGC Partners increases GFI Group takeover offer to $5.60 per share
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14:20 EDTJPMJPMorgan January 58.5 straddle priced for 2.9% movement into Q4
14:02 EDTJPMEarnings Preview: JPMorgan to report results after upbeat analyst notes
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11:20 EDTBACBank of America January volatility elevated into Q4 and outlook
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10:17 EDTAPOLOptions with decreasing implied volatility
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09:05 EDTJDSUSandell reiterates need for JDSU to pursue strategic actions to maximize value
Sandell Asset Management, a shareholder of JDS Uniphase Corporation, has publicly released the following letter to the Board of Directors of JDSU. In such letter, Sandell calls for the immediate amendment of the Company’s Bylaws to remedy changes made in May 2014 that were detrimental to shareholder rights. Additionally, Sandell reiterates the need for JDSU to pursue further strategic actions to maximize shareholder value.
07:44 EDTBAC, JPMNationstar, non-bank lenders could get boost from refis, WSJ says
As a decline in interest rates and a reduction in federal loan fees boosts refinancing activity, smaller banks and non-bank lenders, such as Quicken Loans, loanDepot, and Nationstar Mortgage (NSM), may be in a better position than large banks to benefit, said The Wall Street Journal. Publicly traded large U.S. banks include Bank of America (BAC), Citi (C), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:05 EDTJPMJPMorgan volatility increases into Q4 and outlook
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07:03 EDTTDCTeradata acquires Appoxee for undisclosed amount
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06:33 EDTTDCTeradata set to acquire Appoxee for about $20M, WSJ reports
Teradata (TDC) will buy Appoxee, a Tel Aviv-based mobile-marketing-automation startup, for around $20M, The Wall Street Journal reports, citing two sources. Teradata rival IBM (IBM) acquired Xtify, a mobile-marketing company, in 2013. Reference Link
January 12, 2015
10:15 EDTAPOLOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
10:00 EDTJOYOn The Fly: Analyst Downgrade Summary
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09:35 EDTEXCExelon upgraded to Buy from Hold at Tudor Pickering
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08:40 EDTJOYJoy Global downgraded at RBC Capital
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08:22 EDTJPMCiti may have more to gain than JPMorgan from break-up, WSJ says
Analysts have suggested that JPMorgan (JPM) could unlock investor value by breaking-up, but a Citigroup (C) break-up, while complicated, could be more compelling, according to The Wall Street Journal's "Heard on the Street" column. Reference Link
08:11 EDTEXCExelon comments on Illinois nuclear power plant report
Exelon issued the following statement on the State of Illinois report on potential nuclear power plant closings prepared in response to House Resolution 1146: "We thank the state for its attention and work on such an important issue for Illinois and the future of the state’s energy assets. The report confirms that the state’s six nuclear power plants provide substantial economic and environmental benefits to Illinois residents and businesses. It also highlights the negative impacts closing one or more of the state’s nuclear facilities prematurely would have on Illinois’ economy, energy prices and carbon emissions, and concerns it would raise about the reliability of the electric grid. The report makes clear that the future of Illinois’ nuclear power plants should be an issue of statewide concern... The report finds that closing the three Illinois nuclear plants at greatest risk of early retirement would have a significant negative economic impact on the state, including $1.8 billion in annual lost economic activity and more than 7,800 job losses, and that the resulting increase in carbon emissions would have a societal cost of more than $18 billion. It also concludes that the closures would increase wholesale electricity costs in the northern Illinois region served by ComEd by up to 9.9 percent, or $437 million, in the first year... We continue to believe that the best, most cost-effective approach for preserving the benefits these plants provide is a market-based solution that properly values the emissions-free, always-on energy they generate. The report presents several potential policy solutions and is a good starting point for discussions with lawmakers and other stakeholders about the right path forward for continuing to meet Illinois’ energy needs."
07:41 EDTJPMLarge banks' weakness creates attractive entry point, says Wells Fargo
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07:35 EDTTDCNational Retail Federation to hold a trade show
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06:45 EDTJOYJoy Global downgraded to Sector Perform from Outperform at RBC Capital
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06:14 EDTGSBrennan Investment, Goldman Sachs acquire industrial portfolio
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