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March 26, 2012
23:33 EDTFRO, ALLT, VHC, WY, BATS, JDSU, NAT, ET, AIG, F, RIO, CMI, VALE, JAHJim Cramer's "Mad Money"
Jim Cramer argued investors who are overly cautious about the markets aren't bringing their "A" game. He said the market's current rally is broad-based, and it's lasted for weeks. And that, he said, make it prudent not to be scared and to embrace the move. But Cramer finds himself alone in championing the stock market. The president isn't promoting stocks because of high unemployment, despite the fact that stocks are up 58% since he first took office. The Federal Reserve is also cautious and continues to be downbeat on the U.S. economy. Even the brokerages are laying low, noted Cramer. Despite countless calls that earnings estimates are too low for numerous companies, analysts are afraid to upgrade their estimates or to promote stocks in any big way. Corporate executives are fearful of setting expectations too high, even though the Q1 of 2012 is proving to be a blockbuster for many companies, Cramer says. Cramer said he stands alone, telling investors that this rally is for real and now is not the time to step away. Instead he said it's the time to buy into some great companies that are still trading far too cheaply. EXECUTIVE DECISION: Cramer once again sat down with Martin Franklin, the executive chairman of Jarden (JAH), the largest sporting goods company on earth, as well as being a major player in small appliances. Jarden recently conducted a massive stock repurchase program, reducing its overall share count by 13%. Franklin said he's comfortable with Wall Street forecasts for Jarden. Franklin reiterated that diversification is a major strength for Jarden. He was equally bullish on Jarden's technical apparel segment, another aspect of the company that's growing in the double-digits, but still has lots of room to grow. Cramer said that normally he's not a fan of buybacks, but in the case of Jarden, where share prices are rocketing higher, he's willing to make an exception. Cramer also sat down with Bob Benmosche, president and CEO of American International Group (AIG), a company that turned a corner in August, 2009 and has now become one of the greatest turnaround stories, thanks to excellent management, Cramer contends. He told investors to stick with the company. MAD TWEETS: Cramer said that Weyerhaeuser (WY) is still a play on Japanese reconstruction. Cramer said Ford (F) is not a good investment with gas prices going higher and sales still slumping in Europe and Latin America. He said Ford is not the best way to play the 2012 bull market. NO HUDDLE OFFENSE: Cramer said the BATS Global Markets (BATS) fiasco last week exemplifies how electronic trading is fundamentally flawed. He called BATS' claim that it "helps the little guy" totally bogus, noting that high-speed electronic trading actually sucks liquidity out of the markets instead of adding to it. Cramer added that the SEC has clearly lost regulatory control of the markets and is no longer enforcing its mandate of leveling the playing field for all investors. LIGHTNING ROUND: (Bullish) VALE; ET; VHC; CMI; NAT; ALLT. (Bearish) RIO; JDSU; FRO. Reference Link
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May 14, 2015
10:27 EDTFDTE Energy partners with Domino's Farms and Ford to build solar arrays
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08:54 EDTFFord says 'poised for breakthrough' year in 2015
Comment made during Ford's annual shareholder meeting.
May 13, 2015
10:01 EDTVALEOn The Fly: Analyst Downgrade Summary
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08:45 EDTAIGAIG names Brian Schreiber as Chef Strategy Officer
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08:36 EDTJDSUJDSU signs definitive agreement with Amada Holdings
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06:20 EDTVALEVale downgraded to Neutral from Outperform at Macquarie
06:09 EDTVALEVale implied volatility of 65 at upper end of index
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May 12, 2015
10:18 EDTJAHJarden management to meet with SunTrust
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06:54 EDTRIORio Tinto unit sees potential aluminum market deficit this year, Reuters reports
Rio Tinto Alcan sees a possible aluminum market deficit this year, Reuters reports, citing comments made by Rio Tinto Alcan CEO Alf Barios at the CRU Aluminum industry conference. Barios said he sees price volatility continuing in the short term, and sees inventory levels by 2020 declining to nine weeks from the current 12 weeks. Reference Link
05:57 EDTRIORio Tinto to cut up to 170 jobs in Montreal, Globe and Mail reports
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May 11, 2015
14:58 EDTVHCVirnetX down 6.6% after USPTO issues decision in patent fight with Apple
14:57 EDTVHCUSPTO sides with Apple, says certain claims of VirnetX 'unpatentable'
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09:29 EDTVHCVirnetX engages IPVALUE for patent licensing
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09:21 EDTNATOn The Fly: Pre-market Movers
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06:12 EDTVALEVale implied volatility of 68 at upper end of index
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05:55 EDTRIORio Tinto expects copper prices to recover faster, Financial Times reports
Rio Tinto expects global cooper prices to recover fsater than expected due to demand outstrippling supply within two years rather than three to four, reports the Financial Times. The company's head of copper Jean-Sebastien Jacques said decisions by the industry to slow copper production in response to weak prices meant the market could become balanced this year. Reference Link
05:31 EDTNATNordic American Tankers expects six vessels to be drydocked in 2015
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05:31 EDTNATNordic American Tankers reports Q1 tanker rates averaged 37K per day per vessel
Nordic American Tankers benefitted in Q1 from a strong Suezmax tanker market and the quality of its fleet. The significant drop in the oil price has affected the tanker industry positively. Cashflow from operations was $51M, compared with $24.5M in 4Q14. For all of 2014, cashflow from operations was $77.7M compared with ($11.1M) in 2013. The strong level in Q1 is reflected in an average TCE rate of about $37,000 per vessel per day. The size of its fleet allows NAT to reap immediate and sizeable profits when spot market rates rise. The company said that the Q2 tanker market is encouraging. The purchase of two Suezmax newbuildings, due to be delivered in 2016 and 2017, will not require the additional raising of equity from the capital markets. In recent months the price of oil fell to the lowest levels seen in recent years. This has positively affected the tanker market through increased transportation requirements and lower fuel costs.
05:31 EDTNATNordic American Tankers reports Q1 EPS 34c, consensus 22c
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May 10, 2015
15:28 EDTFFord Venezuela to only sell vehicles in U.S. dollars, Reuters says
Ford's Venezuelan unit will sell vehicles exclusively in dollars beginning late June, Reuters reported Friday, citing two sources familiar with the situation. The country's currency control system has created difficulties converting vehicle sales to dollar revenue, noted Reuters. Reference Link
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