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News Breaks | | | | September 14, 2012 | | 05:08 EDT |  | JOY, CHS, CLNE, EXC, ABT, MO, CLF, PLD, JCP, JCG, FSLR, YHOO, HPQ, MLNX, FRAN, MTW, HCBK | Jim Cramer's "Mad Money"
According to the Fed's statement Thursday, it plans on keeping the economy hot enough that companies will eventually not only want to hire, they'll need to hire. There are many things the Fed can't control, said Cramer, like the continued woes in Europe and the stalled Chinese economy. But what Bernanke can control is the U.S. housing market, by keeping interest rates super low, and the banking sector, by instilling confidence that it's OK to loan money. Cramer said both of these actions will work off the remaining housing glut in our country and eventually stimulate home building, which is a big portion of our economy. Cramer said there are plenty of skeptics about the Fed's actions. While he's not ready to begin celebrating quite yet, he thinks things are starting to move in the right direction. EXECUTIVE DECISION: Cramer spoke with Michael Sutherlin, president and CEO of mining equipment maker Joy Global (JOY), a company that may be poised for a turnaround thanks to the Federal Reserve's actions. Sutherlin said Joy Global is starting to see a bottom in both the U.S. and Chinese markets, and he feels pretty good about his company's prospects in both places. While the company still expects 2013 to be flat to down slightly from 2012 levels, Sutherlin is optimistic about his company's project flow, and it still has streamlining and cost-cutting to be done. Cramer said while it still may be early for Joy Global, past performance shows that investors who get in early are the most handsomely rewarded. Cramer is a fan of breakup stories -- companies with disparate businesses that could unlock tremendous value if only management would decide to split themselves up. Such is the case with Manitowoc (MTW), a company that has two very different businesses under one roof. Cramer said using conservative estimates, Manitowoc's crane business could be valued at $2.5B, while its red-hot food service business could fetch an additional $2.5B. That means as a breakup possibility, the company is worth up to $5B. That's far more than the $3.9B the market is giving the combined company, noted Cramer, and represents a 28% premium over today's prices. SELL BLOCK: Cramer reminded viewers that when top-level management leaves a company, they should be leaving, too. Such is/was the case with Francesca's Holdings (FRAN), Mellanox (MLNX), Hewlett-Packard (HPQ), Yahoo! (YHOO) and First Solar (FSLR). NO HUDDLE OFFENSE: Cramer said that Mickey Drexler, CEO of J. Crew (JCG) is the king of inventory management and has one of the best eyes for fashion out there. Drexler expressed doubts that JC Penney (JCP) CEO Ron Johnson will be able to pull off an effective turnaround at the retail giant. LIGHTNING ROUND: (Bullish) PLD; CLF; MO; ABT. (Bearish) EXC yield is attractive but people keep selling it; CLNE speculative; CHS prefer on a pullback; HCBK being bought, ring the register. Reference Link | |
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News For JOY;MTW;FRAN;MLNX;HPQ;YHOO;FSLR;JCG;JCP;PLD;CLF;MO;ABT;EXC;CLNE;CHS;HCBK From The Last 14 Days Check below for free stories on JOY;MTW;FRAN;MLNX;HPQ;YHOO;FSLR;JCG;JCP;PLD;CLF;MO;ABT;EXC;CLNE;CHS;HCBK the last two weeks. |
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| May 17, 2013 | | 15:04 EDT | | YHOO | Yahoo to hold product-related event Monday, CNBC says
 Subscribe for More Information | | | 12:10 EDT |  | CLF | Stocks with call strike movement; AMD CLF
Subscribe for More Information | | | 12:00 EDT | | FSLR | Stocks with call strike movement; FSLR BBY
Subscribe for More Information | | | 10:55 EDT | | JCP | J.C. Penney drops after results miss expectations
Subscribe for More Information | | | 09:48 EDT |  | JCP | J.C. Penney falls after earnings miss, levels to watch
Subscribe for More Information | | | 09:37 EDT | | HPQ | Active equity option families trading on open
Subscribe for More Information | | | 08:35 EDT |  | JCP | J.C. Penney reiterated as a Sell at Northcoast
Subscribe for More Information | | | 07:47 EDT | | JCP | J.C. Penney situation should only improve from here, says RW Baird
Baird believes there are several reasons why J.C. Penney's situation should only improve from here including better recent trends, prudent pricing and promotion, easy comps, and the re-introduction of in-demand product for fall. Baird maintains its Neutral rating and $19 price target pending further details on the company's new strategy. | | | 07:11 EDT |  | JCP | J.C. Penney CEO says needs time to fix problems, Reuters reports
J.C. Penney CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, reports Reuters.Reference Link | | | 07:00 EDT | | HPQ | Hewlett-Packard volatility elevated into Q2 and revenue outlook
Subscribe for More Information | | | | 06:28 EDT | | JCP | J.C. Penney CEO likely to make substantial progress, says Deutsche Bank
Subscribe for More Information | | | 06:27 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
Subscribe for More Information | | | 06:06 EDT | | JCP | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | 05:50 EDT | | JCP | J.C. Penney price target raised to $20 from $15 at Citigroup
Citigroup raised its price target for J.C. Penney to $20 following the company's Q1 results while keeping a Neutral rating on the stock. Citi says it is encouraged by new CEO Mike Ullman's strategic plan, which it expects will improve same-store-sales. | | | May 16, 2013 | | 19:47 EDT | | YHOO | Yahoo in talks with Tumblr, AllThingsD reports
An AllThingsD report that cites sources close to the situation says Yahoo is in serious talks with Tumblr regarding a strategic alliance, or a potential outright buy of the company. The report cites sources that say this isn't the first time Yahoo CEO Marissa Mayer has been interested in Tumblr, saying that since taking over at Yahoo, Mayer has met with Tumblr executives, including founder David Karp. Reference Link | | | 18:56 EDT | | JCP | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. | | | 18:03 EDT | | JCP | J.C. Penney says Q1 traffic down 6% vs. year ago
Subscribe for More Information | | | 16:42 EDT | | JCP | J.C. Penney down 30c, or 1.60%, to $18.49 after earnings miss estimates
| | | 16:37 EDT | | JCP | J.C. Penney reports Q1 gross margin 30.8% of sales vs. 37.6% a year ago
Subscribe for More Information | | | 16:31 EDT |  | JCP | J.C. Penney reports Q1 adjusted EPS ($1.31), consensus (86c)
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