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Stock Market & Financial Investment News

News Breaks
April 16, 2012
20:54 EDTKITD, BAC, LEG, JPM, CLH, GOOG, MMM, ACAS, VOD, LVS, ECYT, DKS, CLNE, PFE, WYNN, ACI, SWI, WFC, CAB, AAPL, JNJJim Cramer's "Mad Money"
Jim Cramer said that all of last month's winners got pummeled Monday, while a whole new class of stocks became 'en vogue'. He said for weeks, hedge fund managers have been betting hundreds of billions on continued weakness in Europe. So today, when the U.S. dollar reversed course and took a turn for the better, many managers were caught on the wrong side of the trade. That explains the action in many weak dollar stocks like 3M (MMM), Johnson & Johnson (JNJ) and Pfizer (PFE), said Cramer. These stocks, along with many of the banks, all saw their shares slide Monday. Then there are the Nasdaq darlings, Google (GOOG) and Apple (AAPL). Cramer said that while Google's slide was due to weak earnings and a questionable stock split, Apple's slide seems to be one in sympathy with the search engine giant. Cramer said there are many fund managers who would love to see shares of Apple lower, which explains many of the rumors swirling about telcos becoming unwilling to pay sky-high iPhone subsidies. He said the selling in Apple could also simply be investors taking profits to pay their taxes. But whatever the reasons for all of the selling in the markets, Cramer said the fact remains that high-quality growth stocks of all kinds are now on sale and remain a great place in which to invest. EXECUTIVE DECISION: Cramer checked back in with Andrew Littlefair, president and CEO of Clean Energy Fuels (CLNE), a stock that's up 61% since Cramer last spoke with Littlefair on Nov. 14. Cramer said that Clean Energy Fuels remains a speculative stock, adding that investors should do their homework before buying in. Cramer also spoke with Alan McKim, chairman, president and CEO of Clean Harbors (CLH), an environmental clean up company focused in the oil and natural gas industries. McKim once again touted Clean Harbors' incinerator business as a bright spot for the company. Cramer continued his recommendation of Clean Harbors. Cramer said that investors need to be able to pick the best stocks in a stock picker’s market. He compared Cabella's (CAB) to Dick's Sporting Goods (DKS) to find out which one reigns supreme in the hunting, fishing and sporting goods arena. According to Cramer, Cabella's has Dick's beat on store growth plans, same-store sales growth and higher private label sales. Also, the fact that its stock is cheap, trading at just 13x earnings compared to 17x for Dick's, makes things that much sweeter. NO HUDDLE OFFENSE: Cramer opined on earnings from JPMorgan Chase (JPM) and Wells Fargo (WFC). He said, earnings at these banks were superb. LIGHTNING ROUND: (Bullish) ECYT, LEG, SWI, LVS. (Bearish) BAC, ACI, VOD, KITD, WYNN, ACAS. Reference Link
News For MMM;JNJ;PFE;GOOG;AAPL;CLNE;CLH;CAB;DKS;JPM;WFC;ECYT;LEG;SWI;LVS;BAC;ACI;VOD;KITD;WYNN;ACAS From The Last 14 Days
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January 14, 2015
08:10 EDTWFCWells Fargo CFO says credit quality continued to improve in Q4
Wells Fargo CFO John Shrewsberry said, “Our performance in the fourth quarter was a great example of the benefit of our diversified business model and reflected a continuation of the solid results we generated all year. Compared with the prior quarter, we increased deposits and grew commercial and consumer loans while maintaining our risk and pricing discipline. Revenue increased as net interest income benefited from loan growth and the prudent deployment of our liquidity. Fee income remained strong and diversified. Credit quality continued to improve. We also maintained strong capital and liquidity, and returned more capital to shareholders in the quarter."
08:09 EDTWFCWells Fargo reports Q4 net interest margin 3.04%
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08:03 EDTWFCWells Fargo reports Q4 net charge-offs $735M, provision for credit losses $485M
Reports Common Equity Tier 1 ratio under Basel III of 10.44%. Reports Q4 ROE 12.841%, ROA 1.36%.
08:01 EDTWFCWells Fargo reports Q4 EPS $1.02, consensus $1.02
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07:51 EDTJPMJPMorgan says Q4 EPS negatively impacted 26c by legal expense
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07:41 EDTGOOGGoogle risk/reward compelling, says SunTrust
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07:34 EDTBACNew rules prompt BofA to sever ties with 150 hedge funds, Bloomberg reports
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07:20 EDTJPMJPMorgan reports Q4 results include $990M after-tax legal expense
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07:10 EDTJPMJPMorgan Q4-end book value per share $57.07
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07:06 EDTJPMJPMorgan reports Q4 core loans up 8% compared with the prior year
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07:05 EDTJPMJPMorgan reports Q4 mortgage originations improved sequentially
CEO Jamie Dimon said: “Our businesses continue to demonstrate strong momentum and expense discipline. Consumer & Community Banking delivered impressive growth in deposits and investment assets in the fourth quarter and throughout 2014, while outperforming its expense reduction target for the year. Mortgage originations improved sequentially in the fourth quarter, despite a seasonally slow quarter. Our Card business delivered double-digit sales volume growth, outpacing the industry for the 27th consecutive quarter. Auto had a good quarter and the pipeline remains strong. The Corporate & Investment Bank saw strong performance in fees, maintaining its #1 position in Global IB fees in 2014 with particular strength in Europe, although Markets remained somewhat challenged. Commercial Banking grew period-end loans 8% versus the prior year and Commercial Banking clients generated record investment banking revenues for the quarter and the year. Lastly, Asset Management had over $80B of net long-term inflows for the second consecutive year and overall AUM grew 9% this quarter compared to the prior year.”
07:03 EDTJPMJPMorgan reports Q4 provision for credit losses $840M
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07:00 EDTJPMJPMorgan reports Q4 EPS $1.19, consensus $1.31
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06:57 EDTBACBarclays appoints Jonathan Moulds as Group COO
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06:45 EDTJPMJPMorgan downgraded to Underweight from Neutral at HSBC
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06:43 EDTAAPLCirrus Logic upgraded to Sector Perform from Underperform at Pacific Crest
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06:29 EDTGOOG, AAPLCompanies reach new deal on worker hiring issue, Reuters says
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06:14 EDTGOOG, AAPLMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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05:49 EDTAAPLApple sues Ericsson over patent royalty rates, Bloomberg says
Apple (AAPL) filed a lawsuit against Ericsson (ERIC) in the U.S. District Court for the Northern District of California, stating that Ericsson's royalty rates are excessive and its patents are not essential to LTE standards, reports Bloomberg. Reference Link
05:28 EDTAAPLEricsson files complaint against Apple in U.S. District Court
Following Apple's (AAPL) action, Ericsson (ERIC) has filed a complaint in the U.S. District Court for the Eastern District of Texas requesting a ruling on Ericsson's proposed global licensing fees with Apple. During the past two years of negotiations, the companies have not been able to reach an agreement on licensing of Ericsson's patents that enable Apple's mobile devices to connect with the world and power many of their applications. Ericsson filed the suit in order to receive an independent assessment on whether Ericsson's global licensing offer complies with Ericsson's fair, reasonable, and non-discriminatory, or FRAND, commitment. The global license agreement between Ericsson and Apple for mobile technology has expired and Apple has declined to take a new license on offered FRAND terms. Ericsson's Q4 IPR revenue will include payment from Apple under previous agreement. Every Apple smartphone and tablet with cellular capability uses technology from Ericsson. On January 12, Apple filed a lawsuit asking the U.S. District Court for the Northern District of California to find that it does not infringe a small subset of Ericsson's patents.
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