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News Breaks
October 31, 2012
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
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January 29, 2016
11:00 EDTUSGEagle Materials says gypsum customers reporting 5-7% jump in volume needs
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10:29 EDTWHRWhirlpool says U.S. demand 'rebounding'
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10:18 EDTWHRWhirlpool says currency will reduce revenues by $1B in 2016 vs. last year
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10:10 EDTWHRWhirlpool sees 'strong dollar era' continuing in 2016
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10:10 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: ETE INVN FTNT VMW CTXS NOW COH AMZN NWL NYRT
10:09 EDTWHRWhirlpool targeting 2018 free cash flow of $1.2B-$1.4B
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10:09 EDTWHRWhirlpool sees 2018 ongoing EPS $20-$22
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09:42 EDTWHRWhirlpool trades higher after earnings
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08:17 EDTCOHCoach price target raised to $42 from $38 at Cowen
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06:08 EDTWHRWhirlpool sees FY16 ongoing business EPS $14.00-$14.75, consensus $14.42
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06:06 EDTWHRWhirlpool reports Q4 ongoing business EPS $4.10, consensus $3.91
Reports Q4 revenue $5.6B, consensus $5.74B.
January 28, 2016
16:50 EDTCSCOCisco says Chief Development Officer Pankaj Patel to step down
Cisco disclosed in a regulatory filing that, on January 25, Pankaj Patel, EVP and Chief Development Officer, Global Engineering of Cisco Systems notified the company of his decision to step down from his current position during 2H16.
16:25 EDTSKTTanger sees asset sales having dilutive impact on FY16 FFO of 8c per shares
Tanger Factory estimates the 2015 and early 2016 asset sales will have a net dilutive impact on 2016 FFO of approximately 8c per share, consisting of a reduction in net operating income of approximately 11c per share, partially offset by a reduction in interest expense of approximately 3c per share resulting from the use of proceeds described above. The dilutive impact on 2016 net income is estimated to be 5c per share. The difference in the calculation of net income and FFO is that net income includes depreciation and amortization of real estate assets, which are excluded from FFO.
16:23 EDTSKTTanger Factory reinvests majority of proceeds from recent non-core asset sales
Tanger Factory Outlet Centers announced that it has used a portion of the proceeds from the asset sales that closed in 2015 to repay a $150.0M floating rate mortgage loan and a $28.4M deferred financing obligation, both of which are related to the company's 794,000 square foot outlet center in Deer Park, New York. As a result, the company unencumbered the Deer Park asset while simultaneously deferring a significant portion of the previously announced gains related to the asset sales.
14:29 EDTWHRNotable companies reporting before tomorrow's open
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12:43 EDTWHRWhirlpool volatility elevated into Q4 and outlook
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10:13 EDTCOHOptions with decreasing implied volatility
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07:08 EDTSHWSherwin-Williams sees Q1 EPS $1.50-$1.65 , consensus $1.62
The company said: ""In the first quarter of 2016, we anticipate our consolidated net sales will increase a low single digit percentage compared to the first quarter of 2015. At that anticipated sales level, we estimate diluted net income per common share in the first quarter of 2016 will be in the range of $1.50 to $1.65 per share compared to $1.38 per share earned in the first quarter of 2015."
07:07 EDTSHWSherwin-Williams sees FY16 EPS $12.20-$12.40, consensus $12.75
The company said: "For the full year 2016, we expect consolidated net sales to increase a low single digit percentage compared to full year 2015. With annual sales at that level, we anticipate diluted net income per common share for 2016 will be in the range of $12.20 to $12.40 per share compared to $11.16 per share earned in 2015."
07:06 EDTSHWSherwin-Williams reports Q4 EPS $2.12, consensus $1.87
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