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News Breaks | | | | March 1, 2012 | | 22:59 EDT |  | IPGP, LGF, HOG, TDC, JDSU, FHN, VE, EXC, MGA, APOL, WYNN, GPS, GS, STRA, JOY, FNSR, BAC, CECO, BGCP, LIZ, STI, JPM | Jim 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 | |
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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 Check below for free stories on GPS;LIZ;FNSR;WYNN;BGCP;JOY;APOL;CECO;STRA;JPM;BAC;GS;STI;FHN;HOG;MGA;JDSU;LGF;EXC;TDC;IPGP;VE the last two weeks. |
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| May 25, 2013 | | 10:14 EDT |  | JDSU | Conn's, BioScrip, JDS Uniphase, AFC Enterprises may be growth plays, Barron's says
 Subscribe for More Information | | | May 24, 2013 | | 12:34 EDT | | BAC | Bank of America seeking buyers for 40 branches, Bloomberg reports
Subscribe for More Information | | | 10:22 EDT | | CECO, APOL, STRA | Boehner defends student loan bill, White House threatens veto, Politico says
GOP House Speaker John Boehner defended the student loan legislation that the House passed yesterday, according to Politico. The bill would tie student loan rates to Treasury note rates, and would cause an increase of less than two percentage points in student loan rates this year, the website stated. The White House has threatened to veto the bill, as it believes that the legislation would cause rates to jump when the economy improves, Politico stated. Student loan interest rates will double on July 1 if Congress doesn't take action. | | | 10:06 EDT |  | GPS | Gap trades lower after results, levels to watch
Subscribe for More Information | | | 08:41 EDT |  | JOY | Joy Global May weekly volatility elevated into Q2 and outlook
Joy Global May weekly call option implied volatility is at 54, June is at 39, July is at 35, October is at 36; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on May 30. | | | 07:49 EDT |  | GPS | Gap remains a top pick following Q1 results at Jefferies
Subscribe for More Information | | | 05:56 EDT | | GS | Goldman Sachs imposes checks on conflicts to help restore image, Reuters says
Subscribe for More Information | | | May 23, 2013 | | 18:54 EDT | | GPS | On The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view. | | | 17:30 EDT | | GPS | Gap sees Q4 results negatively impacted from foreign currency headwinds
Subscribe for More Information | | | 16:07 EDT | | GPS | Gap expects to open about 160 company owned stores in FY13
In FY13, the company expects to open about 160 company-operated stores, focused on Athleta, Gap China, Old Navy Japan, and global outlet stores. The company expects that it will close about 80 company-operated stores. The closures are weighted towards Gap North America, consistent with the company's previously stated strategy. Given its focus on growing through new channels and geographies, the company continues to expect square footage to increase about 1% in FY13. For FY13, the company continues to expect capital spending to be approximately $675M in support of its outlined strategies. The company continues to expect that operating margin for FY13 will be about 13%. | | | | 16:03 EDT | | GPS | Gap reports Q1 Gap Global SSS up 3% vs. up 2% last year
Reports Q1 Old Navy Global SSS up 3% versus up 4% last year; Banana Republic Global SSS flat versus up 5% last year. | | | 16:02 EDT |  | GPS | Gap reaffirms FY13 EPS view $2.52-$2.60, consensus $2.73
Subscribe for More Information | | | 16:00 EDT | | GPS | Gap reports Q1 EPS 71c, consensus 69c
Subscribe for More Information | | | 15:52 EDT | | GPS | Gap May 41 weekly straddle priced for 3.1% movement into Q1
| | | 15:24 EDT | | GPS | Notable companies reporting after market close
Subscribe for More Information | | | 14:45 EDT | | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
Subscribe for More Information | | | 11:56 EDT | | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. | | | 11:49 EDT | | APOL | Stocks with call strike movement; NFLX APOL
Subscribe for More Information | | | 10:08 EDT |  | STI | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:26 EDT |  | MGA | BofA/Merrill's automotive analyst holds an Analyst/Industry conference call
Automotive & Auto Parts Analyst Murphy, along with Dave Andrea of the Original Equipment Suppliers Association, discusses results of the latest OESA's Automotive Supplier Baromter Survey and investment implications for the automotive supply chain on an Analyst/Industry conference call. Relevant covered companies MGA, BWA, DLPH, TEN and DAN may be included on the Analyst/Industry conference call to be held on May 24 at 10 am. | | |
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