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Stock Market & Financial Investment News

News Breaks
June 12, 2012
05:14 EDTT, LVS, FUN, LGCY, COP, GRA, SKUL, FTR, NOK, IGT, ARNA, DOW, VZ, ZIP, HTZ, KO, PEP, GTLS, WPRT, CAT, RDS.A, SWKJim Cramer's "Mad Money"
The markets finishing near their lows for the day on Monday. Jim Cramer said, that while the markets rallied last week in anticipation of good news from Spain, what actually transpired fell far short of expectations. All meaning that the crisis will lumber on. If the news out of Europe really had fixed the problem, investors would have been reaching for gold, noted Cramer, as any true bailout would be seen as inflationary. He said the CurrencyShares Euro Trust (FXE) would have also risen above $130 and the bond yields for most European countries would have fallen even more. Cramer said what the European countries need most is growth; to date, none of the bail out plans offer growth. That's why he continues to recommend stocks that offer domestic security and dividends and are not overly economically sensitive. AT&T (T) and Verizon (VZ) topped Cramer's list, along with cigarette maker Altria (MO). Then, Cramer pitted the upstart Zipcar (ZIP) against the incumbent Hertz Global (HTZ) to see which company rules the rental car market. Since its IPO shares of Zipcar are down 43% and might not yet be done heading lower. Zipcar trades at 29% earnings and has shaky growth prospects, Cramer said he prefers to invest with Hertz, which trades at only 8x earnings with a 12% long-term growth rate. "It's not even a fair fight," Cramer concluded. In the age-old question of which is better, Coca-Cola (KO) or Pepsico (PEP), Cramer announced a stunning change of opinion: He's eliminated Coke from his charitable trust, Action Alerts PLUS, and is now going for Pepsi. CRamer contends, in today's markets what had once been tailwinds for Coke are now changing into headwinds, making Pepsi the winning bet. Not all stocks go up in a straight line, and that's why Cramer circled back to Chart Industries (GTLS), a stock that's up 44% since his original recommendation in February 2011, but also one that's fallen 13% since Cramer last spoke with the company's CEO on April 13. The biggest driver for Chart Industries were last week's announcements by Westport Innovations (WPRT) that they're partnering with equipment giant Caterpillar (CAT) to make natural gas mining equipment and locomotives and the announcement that Royal Dutch Shell (RDS.A) will be building 200 natural gas fueling stations across the U.S. That's good news for Chart, which makes the technology and the tanks to liquefy natural gas for vehicle use. With so many positives, Cramer said that shares of Chart deserve to be much higher than where they trade today, affording investors a terrific entry point. LIGHTNING ROUND: (Bullish) DOW; ARNA; LVS; FUN. (Bearish) LGCY; COP; GRA; SKUL; FTR; NOK; IGT; SWK. Reference Link
News For A;DOW;ARNA;LVS;FUN;LGCY;COP;GRA;SKUL;FTR;NOK;IGT;SWK From The Last 14 Days
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April 22, 2014
10:39 EDTFTRFrontier Communications announces investment in Pennsylvania exceeds $75M
Frontier Communications announced that the company’s three years of capital expenditures in Pennsylvania exceeded $75M, including approximately $23M in 2013. Frontier invested $75.2M of its own capital during the past three years, with significant funding supporting engineering initiatives to increase broadband access and improve network infrastructure across the company’s eastern Pennsylvania territory.
10:32 EDTSWKHigh option volume stocks: MNK SWK TRGP ELX
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10:00 EDTFTROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
09:22 EDTFTRFrontier Communications downgraded to Hold from Buy at Gabelli
07:52 EDTLVSLas Vegas Sands April weekly volatility elevated at 66 into Q1 and outlook
Las Vegas Sands April weekly call option implied volatility is at 66, May is at 35, June is at 31, September is at 29; compared to its 26-week average of 31 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 24.
April 21, 2014
10:07 EDTNOKNokia sees sale of Devices & Services business to Microsoft closing on April 25
Nokia (NOK) announced that it expects the transaction whereby the company will sell substantially all of its Devices & Services business to Microsoft (MSFT) to close on April 25. The transaction is now subject only to certain customary closing conditions. The transaction was originally announced on September 3, 2013.
April 17, 2014
07:43 EDTNOKNokia advises discontinued use of AC-300 charger for Lumia 2520 tablet in Europe
Nokia announced a product advisory for the European and UK variant of the AC-300 charger, which is used exclusively with the Lumia 2520 tablet. Consumers in Austria, Denmark, Finland, Germany, Russia, Switzerland and UK are strongly advised to suspend use of the charger until further notice. Also, consumers who purchased the Lumia 2520 travel charger accessory in Austria, Denmark, Finland, Germany, Russia, Switzerland, UK and the U.S. are strongly advised to suspend use of the travel charger accessory. In total, approximately 30,000 chargers are impacted by this advisory. This includes approximately 600 travel charger accessories sold in the U.S.
April 16, 2014
08:40 EDTIGTSlot project delays to present problems in 2015, says Janney Capital
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06:22 EDTNOKNokia increases orders for on-cell touch panels, DigiTimes reports
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April 15, 2014
12:15 EDTNOKStocks with call strike movement; MU NOK
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April 14, 2014
14:06 EDTLVSNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
April 11, 2014
12:42 EDTCOPOn The Fly: Analyst Upgrade Summary
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07:49 EDTCOPConocoPhillips upgraded at Morgan Stanley
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07:17 EDTCOPConocoPhillips upgraded to Equal Weight from Underweight at Morgan Stanley
April 10, 2014
16:00 EDTAOptions Update; April 10, 2014
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11:39 EDTCOPConocoPhillips says plans to deliver double digit returns annually
ConocoPhillips reaffirmed its objective to deliver double-digit returns annually to shareholders at its Analyst Meeting held at the New York Stock Exchange. Members of the company’s executive leadership team outlined ConocoPhillips’ goal to consistently deliver 3%-5% compound annual growth in production and margins, with a compelling dividend, from a diversified, high-quality portfolio. In addition to updating analysts on the company’s investment programs and strong financial performance, ConocoPhillips highlighted its substantial U.S. unconventional position and announced an increase of its estimated resource base in the prolific Eagle Ford play. Based on its prime acreage position and technical knowledge, the company has increased its estimates from 1.8 billion to 2.5 billion barrels of oil in place. Production is also expected to increase from current volumes to more than 250 thousand barrels of oil equivalent a day by 2017. The company also affirmed its five strategic priorities to drive long-term performance: Deliver 3%-5% compound annual production growth; Generate 3%-5% compound annual margin growth over the next several years; Offer a compelling dividend; Focus on improving financial returns; Maintain a relentless focus on safety and execution. Over the next several years, ConocoPhillips plans to execute a disciplined capital program of approximately $16B per year and achieve the company’s organic reserve replacement target of more than 100%.
10:24 EDTLVSMGM holds up amid broader downtrend after analyst recommends stock
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09:24 EDTLGCYLegacy Reserves announces series A preferred unit offering, no amount given
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April 9, 2014
15:17 EDTFTRFrontier Communications ratifies contract with New York workers
Employees of Frontier Communications in Monroe, New York, represented by the International Brotherhood of Electrical Workers Local 503, recently ratified a customer service-focused labor agreement with the company. The employees ratified the agreement on March 27.
10:33 EDTIGT, LVSBofA/Merrill's gaming analysts hold an analyst/industry conference call
Gaming Analysts provide an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies LVS, WYNN, MGM, PENN, PNK, CZR, BYD and IGT may be discussed on the Analyst/Industry conference call to be held on April 15 at 10:30 am.
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