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March 26, 2012
23:33 EDTALLT, VHC, WY, BATS, JDSU, NAT, ET, AIG, F, RIO, CMI, VALE, JAH, FROJim 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
News For JAH;AIG;WY;VALE;ET;VHC;CMI;NAT;ALLT;RIO;JDSU;FRO;F;BATS From The Last 14 Days
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January 15, 2015
10:00 EDTRIOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
06:58 EDTRIORio Tinto downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Rio Tinto to Neutral based on relative valuation.
06:30 EDTFGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
January 13, 2015
16:24 EDTAIGOn The Fly: Closing Wrap
The Wall Street averages spent time in both positive and negative territory during the session, before closing a bit below where they'd started the day. The market opened sharply higher after Alcoa’s (AA) better than expected report gave some optimism about the upcoming earnings season. The early move higher came despite oil continuing its slide. The major averages saw their highs shortly after the open and then began to drift slowly lower. By mid-afternoon the market was in the red, though the equity averages eventually made it briefly back into positive ground, but failed to hold those narrow gains into the close. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index for December came in at 100.4, which was stronger than the expected 98.5 reading. The JOLTS report showed job openings increased 142K to 4.972M in November, beating the 4.85M consensus forecast. Treasury posted a $1.9B surplus in December, which was a bit below the expected surplus of $3B. Also of note is the fact that the U.S. and European benchmarks of WTI and Brent crude were at parity for the first time since 2013 during the session, with both trading near $46 per barrel for a time. COMPANY NEWS: KB Home (KBH) reported better than expected revenue and higher orders in its fourth quarter, but the stock declined $2.70, or 16.29%, to $13.87 after CEO Jeffrey Mezger warned on the associated earnings call that margins could drop "significantly" in its current quarter from the levels seen last year. KB's margin outlook, which it blamed on rising costs, heavier use of incentives and a sequential decline in average selling prices, dragged down peers in the housing space as well. D.R. Horton (DHI), the biggest homebuilder by market cap, finished the day down $1.26, or 4.83%, to $24.82, while PulteGroup (PHM) also slid $56c, or 2.47%, to $22.13... MetLife (MET) said it will sue to oppose the U.S. Financial Stability Oversight Council’s designation of the insurer as a SIFI, or "systemically important financial institution." The life insurer called the label premature and said it has offered “substantial and compelling evidence” that it isn’t a SIFI. Wells Fargo said it thinks it is appropriate for MetLife to challenge the ruling, though the firm does not presently see a Dodd-Frank provision that enables an entity to shed its designation. Wells added that a MetLife victory would have no impact on either AIG (AIG) or Prudential (PRU), which did not challenge their SIFI designations before their windows closed. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which rose $1.21, or 20.86%, to $7.01 after the company issued better than expected guidance on its second quarter results. Also higher was McGraw Hill Financial (MHFI), which jumped $5.13, or 5.98%, to $90.89 after reports said the company's Standard & Poor’s rating unit was in talks about a potential $1B settlement to its fight with the Justice Department and state attorneys general over allegations of inflating credit ratings on mortgage investments preceding the financial crisis. Among the noteworthy losers was ChannelAdvisor (ECOM), which plunged $11.32, or 53.52%, to $9.83 after its fourth quarter revenue warning prompted no less than eight downgrades of the stock by Street analysts. Also lower were shares of Ocwen Financial (OCN), which dropped $4.41, or 36.18%, to $7.78 after the Los Angeles Times reported that California is seeking to suspend the company's mortgage license in the state. Altisource Portfolio Solutions (ASPS), which is a related company to Ocwen, also declined $10.45, or 38.79%, to $16.49. Shares of GoPro (GPRO) fell $6.91, or 12.17%, to $49.87 after the Patently Apple blog reported that Apple (AAPL) was granted a patent for a camera system that specifically mentions the weaknesses of GoPro devices. INDEXES: The Dow fell 27.16, or 0.15%, to 17,613.68, the Nasdaq lost 3.21, or 0.07%, to 4,661.50, and the S&P 500 dropped 5.23, or 0.26%, to 2,023.03.
16:02 EDTFConstellium to supply aluminium structural parts for Ford F150
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14:47 EDTVALEVale nickel assets eyed by former Xstrata CEO, Bloomberg says
X2 Resources, the investment vehicle of former Xstrata CEO Mick Davis, is considering a bid for Vale’s nickel business, which X2 values at $5B-$7B, according to Bloomberg, citing people with knowledge of the situation. The report noted that there have not been any formal talks between X2 and Vale yet. Shares of Vale trading in New York are up 1.3% to $8.66 in afternoon trading following the report. Reference Link
14:31 EDTVALEBid for Vale nickel assets being weighed by ex-CEO of Xstrata, Bloomberg reports
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10:46 EDTAIGMetLife has only upside in challenging SIFI designation, says Wells Fargo
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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.
07:30 EDTFDeutsche Bank to hold a conference
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07:25 EDTFNew NHTSA head says 2015 may see more recalls than record-setting 2014, WSJ says
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07:13 EDTAIGMetLife CEO could decide soon whether to file suit against U.S., WSJ reports
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06:12 EDTBATSBATS to pay $14M to settle SEC charges, failing to describe order types properly
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January 12, 2015
16:00 EDTFROOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
10:00 EDTVALEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico-Eagle (AEM) upgraded at BMO Capital... Aimco (AIV) upgraded to Outperform from Market Perform at Wells Fargo... Alaska Air (ALK) upgraded at Evercore ISI... Alcoa (AA) upgraded to Buy from Neutral at Nomura... Alon USA Energy (ALJ) upgraded to Neutral from Sell at Goldman... AvalonBay (AVB) upgraded to Buy from Hold at Jefferies... BASF (BASFY) upgraded to Buy from Neutral at Citigroup... C.H. Robinson (CHRW) upgraded to Overweight from Equal Weight at Barclays... CBS (CBS) upgraded to Outperform at Cowen... Chesapeake (CHK) upgraded to Buy from Neutral at Goldman... China Mobile (CHL) upgraded to Buy from Hold at Jefferies... Chunghwa Telecom (CHT) upgraded to Neutral from Underweight at ... D.R. Horton (DHI) upgraded at KeyBanc... Daimler AG (DDAIF) upgraded to Neutral from Underperform at BofA/Merrill... Diamond Resorts (DRII) upgraded to Buy from Neutral at Goldman... FMC Corporation (FMC) upgraded to Buy from Neutral at BofA/Merrill... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... Frontier Communications (FTR) upgraded at BofA/Merrill... HomeAway (AWAY) upgraded to Outperform from Neutral at Macquarie... Ingersoll-Rand (IR) upgraded at Morgan Stanley... KB Home (KBH) upgraded to Outperform from Market Perform at Raymond James... Knight Transportation (KNX) upgraded to Overweight from Equal Weight at Barclays... LabCorp (LH) upgraded to Outperform at RW Baird... M.D.C. Holdings (MDC) upgraded to Outperform from Market Perform at Raymond James... Mid-America Apartment (MAA) upgraded to Buy from Hold at Jefferies... PACCAR (PCAR) upgraded at RBC Capital... Parsley Energy (PE) upgraded to Neutral from Sell at Goldman... Peugeot (PUGOY) upgraded to Buy from Underperform at BofA/Merrill... Radware (RDWR) upgraded to Buy from Neutral at Buckingham... Rush Enterprises (RUSHA) upgraded at BB&T... Ryland Group (RYL) upgraded to Outperform from Market Perform at Raymond James... SL Green Realty (SLG) upgraded to Buy from Hold at Jefferies... Solera (SLH) upgraded to Buy from Neutral at Goldman... Standard Pacific (SPF) upgraded to Neutral from Underweight at JPMorgan... Statoil (STO) upgraded to Neutral from Sell at Goldman... Syngenta (SYT) upgraded to Buy from Hold at Miller Tabak... VMware (VMW) upgraded to Positive from Mixed at OTR Global... Vale (VALE) upgraded to Outperform from Sector Perform at Scotia Capital... Volvo (VOLVY) upgraded to Neutral from Underperform at BofA/Merrill... Windstream (WIN) upgraded at BofA/Merrill... lululemon (LULU) upgraded to Neutral from Underperform at Sterne Agee.
09:20 EDTFFord announces new collaboration with DowAksa for automotive carbon fiber
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07:52 EDTRIORio Tinto sees La Arena Gold Mine production 210K-220K gold oz. in FY15
Rio Tinto forecasts its La Arena Gold Mine will produce between 210,000-220,000 ounces of gold in 2015 at adjusted operating costs as defined by the World Gold Council to be in the range of $570-$600 per ounce of gold sold. WGC All-in sustaining costs - including selling, general and administrative costs, exploration, and sustaining capital - are forecast to fall within a range of $730-$765 per ounce and WGC all-in costs within a range of $740-$775 per ounce for the year.
07:51 EDTRIORio Tinto reports La Arena Gold Mine produced, sold 57,908 gold oz. during Q4
Rio Alto Mining announced that its La Arena Gold Mine produced and sold 57,908 ounces of gold during the three months ended December 31, 2014. 222,255 ounces of gold were poured for the twelve months ended December 31, 2014 compared to guidance of 200,000 to 220,000 ounces for the year.
06:44 EDTVALEVale upgraded to Outperform from Sector Perform at Scotia Capital
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06:20 EDTFFord expected to debut Phoenix super car today, WSJ reports
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