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Stock Market & Financial Investment News

News Breaks
June 12, 2012
05:14 EDTGRA, FUN, DOW, WPRT, KO, VZ, SWK, FTR, COP, LVS, RDS.A, GTLS, HTZ, T, IGT, SKUL, LGCY, ARNA, CAT, PEP, ZIP, NOKJim 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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August 28, 2015
06:19 EDTNOKNokia and China Huaxin sign MOU to create new venture
Nokia and China Huaxin Post & Telecommunication Economy Development Center have signed a memorandum of understanding confirming their intention to combine Nokia's telecommunications infrastructure businesses in China and Alcatel-Lucent Shanghai Bell into a new joint venture. As agreed under the MoU, Nokia expects to hold 50% plus one share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture. The new joint venture is conditional on and would be formed after the closing of Nokia's planned combination with Alcatel-Lucent, at which point Nokia would own 50% plus one share of ASB. The new joint venture is expected to be a strong national asset based in China capable of delivering value for both parties.Nokia China and ASB are leaders in the Chinese telecommunications infrastructure market and both are long-standing contributors to the development of China and innovation in the country. The new joint venture would have one board of directors, one management team, unified customer and business functions, and one integrated product portfolio and R&D platform. Until the closing of the proposed combination between Nokia and Alcatel-Lucent, Nokia China and ASB will continue to operate as two independent companies.
August 27, 2015
08:08 EDTDOWDow AgroSciences, ICS-CAAS partner to accelerate rice research in China
Dow AgroSciences, a wholly owned subsidiary of Dow Chemical, has entered into a collaboration agreement with the Institute of Crop Sciences of the Chinese Academy of Agricultural Sciences, or ICS-CAAS. Under the agreement, Dow AgroSciences grants ICS-CAAS a royalty-free, non-transferable research and commercialization license for its proprietary EXZACT Precision Genome Editing Technology to be used in rice in China. Dow AgroSciences and ICS-CAAS scientists will collaboratively develop an industry-leading rice genome editing technology platform. The EXZACT Precision Genome Editing Platform will enable ICS-CAAS scientists to capitalize on their significant investment and technical expertise in rice genomics, transcriptomics, proteomics, and cell biology as well as accelerate integration of the scientific knowledge generated in rice to rapidly develop valuable products for China. Dow AgroSciences has developed the EXZACT Precision Technology platform under an exclusive license and collaboration agreement in plants with Sangamo BioSciences, Inc. Dow AgroSciences and ICS-CAAS scientists will work together to make sure that the expertise and strengths of both parties are best combined to accelerate rice research and product development in China. This is part of Dow AgroSciences' commitment to providing innovative and sustainable solutions to bolster food security and food safety in China.
August 26, 2015
11:01 EDTAAgilent partners with Weill Cornell Medical College for ALS research
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09:57 EDTCOPConocoPhillips considering offshore gas project to feed Darwin LNG, AFR reports
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August 24, 2015
15:19 EDTFUNCedar Fair upgraded to Buy from Long-Term Buy at Hilliard Lyons
August 23, 2015
17:49 EDTCOPIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
16:01 EDTLVSOptions Update; August 21, 2015
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12:18 EDTNOKMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
07:17 EDTLVSMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 20, 2015
10:00 EDTLGCYOn The Fly: Analyst Downgrade Summary
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08:02 EDTFTRFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
06:10 EDTCOPAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
05:46 EDTNOKNokia Networks expand use of WANdisco big data technology
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05:36 EDTLGCYLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).
August 19, 2015
16:58 EDTCOPOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
16:13 EDTSKULASTRO Gaming partners with Activision and Treyarch on Black Ops lll
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13:23 EDTCOPOptions with increasing call volume
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10:00 EDTIGT, FTROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
08:56 EDTFTRFrontier Communications initiated with an Overweight at Stephens
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06:22 EDTIGTInternational Game initiated with a Sell at Goldman
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