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Stock Market & Financial Investment News

News Breaks
October 31, 2012
23:00 EDTCLNE, RIMM, MPC, NAT, LZB, ETH, FFIV, CSCO, NLY, COH, BNNY, CBE, WHR, SKT, WRC, ETN, USG, HAIN, PVH, SHWJim Cramer's "Mad Money"
Jim Cramer told "Mad Money" viewers Wednesday the devastation caused by Hurricane Sandy may have been just what our ailing economy needed -- "nothing has the potential to get things moving like a widespread disaster." Cramer said with the damage from Sandy estimated between $30B-$50B, it's no wonder stocks like USG (USG), Whirlpool (WHR) and Sherwin-Williams (SHW) were on the move higher Wednesday. But even bigger than the private sector is the federal government, said Cramer, as roads and other infrastructure needs to be rebuilt. EXECUTIVE DECISION: Cramer spoke with Sandy Cutler, chairman and CEO of Eaton (ETN). Shares of Eaton have been trading higher due, in part, to the company's planned acquisition of Cooper Industries (CBE). Cutler expects many of Eaton's electrical products will be a part of that rebuilding effort from Hurricane Sandy. Eaton currently derives 60% of its revenue from its electrical businesses. Cutler said that Eaton is still seeing construction activity building. Cutler said our country is on track to return to 1.5M housing starts a year, although it ail likely take a few years to get there. Cramer said that with so much building ramping up, Eaton is the company investors need to own. Then, Cramer sat down with Manny Chirico, CEO of PVH Corp (PVH), on the heels of the company announcing it is acquiring Warnaco (WRC), a licensee of its Calvin Klein brand, for $2.9B. Cramer suggested that PVH buy Warnaco when he last spoke with Chirico on Sept 6. Shares of PVH spiked 20% on the news. Cramer said that he remained a big fan of PVH as it continues to grow and reward shareholders. Cramer also spoke with John Foraker, CEO of Annie's (BNNY), a stock that's up 14% since Cramer recommended investors get in on the company's IPO earlier this year. Annie's just reported a 1c earnings miss on better than expected sales with upbeat guidance. Foraker said his company has a great brand but certainly needs to execute better in order to meet growing customer demand. Cramer said that Annie's, along with Hain Celestial (HAIN), remains among his favorite healthy-eating stocks. Finally, Cramer sat down with Steve Tanger, president and CEO of Tanger Factory Outlets (SKT), a retail REIT with a 2.7% yield. Tanger said that doesn't expect any effect on earnings from the minimal damage from Hurricane Sandy. Tanger keeps tabs on the sales of all its tenants. In the case of Coach (COH), which struggled last quarter, Tanger said that company has a great management team that has already corrected the pricing policies that led to the declines. Cramer continued his recommendation of Tanger Factory Outlets. LIGHTNING ROUND: (Bullish) ETH, MPC, NLY. (Bearish) LZB, RIMM, CSCO, NAT, CLNE, FFIV. Reference Link
News For USG;WHR;SHW;ETN;CBE;PVH;WRC;BNNY;HAIN;SKT;COH;ETH;MPC;NLY;LZB;RIMM;CSCO;NAT;CLNE;FFIV From The Last 14 Days
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January 15, 2015
13:07 EDTFFIV, CSCONetworking trends seen as boon for Cisco, others
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07:59 EDTUSGUSG consensus estimates have upside, says Jefferies
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07:02 EDTFFIVTrends positive for data networking names, says Bernstein
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06:27 EDTCSCOIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
10:39 EDTNLYOptions with increasing implied volatility
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10:00 EDTFFIVOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ACE Limited (ACE) downgraded to Neutral from Outperform at Macquarie... AXIS Capital (AXS) downgraded to Neutral from Outperform at Macquarie... Allstate (ALL) downgraded to Underperform from Neutral at Macquarie... Altera (ALTR) downgraded to Neutral from Overweight at JPMorgan... American Midstream Partners (AMID) downgraded to Neutral from Buy at BofA/Merrill... Argo Group (AGII) downgraded to Underperform from Neutral at Macquarie... Aspen Insurance (AHL) downgraded to Underperform from Neutral at Macquarie... Beneficial Bancorp (BNCL) downgraded to Neutral at Boenning & Scattergood... CDW Corporation (CDW) downgraded to Neutral from Buy at Goldman... CHC Group (HELI) downgraded at Raymond James... CIRCOR (CIR) downgraded to Hold from Buy at Stifel... Chesapeake (CHK) downgraded to Underweight from Equal Weight at Barclays... Commerzbank (CRZBY) downgraded to Sell from Neutral at Goldman... Continental Resources (CLR) downgraded to Equal Weight from Overweight at Barclays... Corporate Office Properties (OFC) downgraded to Market Perform at Wells Fargo... Credit Suisse (CS) downgraded to Neutral from Overweight at HSBC... Datawatch (DWCH) downgraded to Hold at Canaccord... Devon Energy (DVN) downgraded to Equal Weight from Overweight at Barclays... Dollar Tree (DLTR) downgraded to Neutral from Buy at Northcoast... Douglas Emmett (DEI) downgraded to Neutral from Buy at Mizuho... Dresser-Rand (DRC) downgraded to Underperform from Market Perform at Raymond James... Enable Midstream (ENBL) downgraded to Underperform from Neutral at BofA/Merrill... F5 Networks (FFIV) downgraded to Equal Weight from Overweight at Barclays... First Majestic (AG) downgraded to Sector Perform from Outperform at Scotia Capital... Foot Locker (FL) downgraded to Sell from Neutral at Goldman... Franklin Resources (BEN) downgraded to Neutral from Buy at Goldman... HCP (HCP) downgraded to Market Perform from Outperform at Wells Fargo... Halcon Resources (HK) downgraded to Underweight from Equal Weight at Barclays... Insulet (PODD) downgraded at Sterne Agee... J.B. Hunt (JBHT) downgraded to Market Perform from Outperform at Avondale... JPMorgan (JPM) downgraded to Underweight from Neutral at HSBC... KB Home (KBH) downgraded to Neutral from Outperform at Credit Suisse... Kosmos (KOS) downgraded to Equal Weight from Overweight at Barclays... Marathon Oil (MRO) downgraded to Equal Weight from Overweight at Barclays... Medley Management (MDLY) downgraded to Market Perform at Keefe Bruyette... MoneyGram (MGI) downgraded to Underperform from Neutral at BofA/Merrill... NPS Pharmaceuticals (NPSP) downgraded to Neutral from Overweight at JPMorgan... National Grid (NGG) downgraded to Underperform from Neutral at Credit Suisse... Navigators (NAVG) downgraded to Underperform from Neutral at Macquarie... Pioneer Energy (PES) downgraded at Raymond James... RSP Permian (RSPP) downgraded to Equal Weight from Overweight at Barclays... Rambus (RMBS) downgraded to Neutral from Overweight at JPMorgan... Realty Income (O) downgraded to Market Perform from Outperform at Wells Fargo... Red Hat (RHT) downgraded to Sell from Neutral at Goldman... Resolute Energy (REN) downgraded to Underweight from Equal Weight at Barclays... Ross Stores (ROST) downgraded to Neutral at UBS... SandRidge Energy (SD) downgraded to Underweight from Equal Weight at Barclays... Tech Data (TECD) downgraded to Sell from Neutral at Goldman... Teekay Offshore Partners (TOO) downgraded to Neutral from Buy at BofA/Merrill... Travelers (TRV) downgraded to Underperform from Neutral at Macquarie... TrueCar (TRUE) downgraded to Market Perform at Cowen... Valspar (VAL) downgraded to Neutral from Outperform at RW Baird... Verizon (VZ) downgraded at Evercore ISI... Viacom (VIAB) downgraded to Sell from Buy at Citigroup... W. R. Berkley (WRB) downgraded to Underperform from Neutral at Macquarie... Waddell & Reed (WDR) downgraded to Neutral from Buy at Goldman... Western Union (WU) downgraded to Underperform from Neutral at BofA/Merrill... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Barclays... Whole Foods (WFM) downgraded to Hold from Buy at Argus... Xilinx (XLNX) downgraded to Neutral from Overweight at JPMorgan... iRobot (IRBT) downgraded to Underweight from Neutral at JPMorgan.
06:03 EDTFFIVF5 Networks downgraded to Equal Weight from Overweight at Barclays
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January 13, 2015
11:57 EDTFFIVHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTMPCOn The Fly: Analyst Downgrade Summary
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08:05 EDTETNEaton acquires Oxalis Group, terms not disclosed
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07:24 EDTMPCMarathon Petroleum downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Marathon Petroleum to Neutral citing the recent outperformance of shares and its belief retail fuel margins are likely to "come back to earth" once crude prices bottom. The firm lowered its price target for shares to $97 from $104.
07:04 EDTFFIVTop 2015 IT infrastructure ideas identified at Pacific Crest
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06:44 EDTFFIVHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
January 12, 2015
10:15 EDTCOHFormer Coach CEO Frankfort joins Sycamore Partners
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10:00 EDTSHWOn The Fly: Analyst Downgrade Summary
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09:42 EDTNLYWells cuts Mortgage REIT space to Market Weight from Overweight
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09:34 EDTNLYAnnaly Capital downgraded to Market Perform from Outperform at Wells Fargo
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08:56 EDTWHRWhirlpool estimates raised following survey at Longbow
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06:28 EDTCSCOCisco positioned for better than expected quarter, says Deutsche Bank
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06:22 EDTSHWSherwin-Williams downgraded to Neutral from Buy at UBS
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