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Stock Market & Financial Investment News

News Breaks
October 31, 2012
23:00 EDTFFIV, ETH, MPC, NLY, LZB, RIMM, CSCO, NAT, CLNE, COH, SKT, WHR, SHW, ETN, CBE, PVH, WRC, BNNY, HAIN, USGJim 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
Check below for free stories on USG;WHR;SHW;ETN;CBE;PVH;WRC;BNNY;HAIN;SKT;COH;ETH;MPC;NLY;LZB;RIMM;CSCO;NAT;CLNE;FFIV the last two weeks.
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July 14, 2014
18:15 EDTMPCOn The Fly: After Hours Movers
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18:02 EDTMPCRefiners weak after Valero Q2 guidance misses consensus estimates
Shares of select companies in the oil refinery space are weaker in after-hours trading after Valero, an independent petroleum refining and marketing company, gave second quarter guidance that was lower than consensus estimates. WHAT'S NOTABLE: Valero said it expects Q2 EPS of $1.10-$1.25 versus a consensus estimate of $1.39. PRICE ACTION: Valero shares are lower by $1.70, or 3.4%, to $48.22. OTHERS TO WATCH: Tesoro Corporation (TSO) is down by almost 1%, HollyFrontier Corporation (HFC) is down 0.6%, and Marathon Petroleum Corporation (MPC) is lower by 0.36%.
14:43 EDTSHWSherwin-Williams downgraded earlier to Peer Perform from Outperform at Wolfe
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10:00 EDTUSGOn The Fly: Analyst Downgrade Summary
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08:27 EDTUSGUSG downgraded at RBC Capital
As noted earlier, RBC Capital downgraded USG to Sector Perform from Outperform. The firm's expectations for wallboard volume in 2014 are below the consensus outlook. Target to $30 from $34.
07:48 EDTFFIVEstimates for F5 Networks likely to rise, says BMO Capital
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06:32 EDTUSGUSG downgraded to Sector Perform from Outperform at RBC Capital
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July 11, 2014
10:00 EDTMPCOn The Fly: Analyst Upgrade Summary
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05:56 EDTMPCMarathon Petroleum upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Marathon Petroleum to Buy citing improved earnings power following the company's recent acquisitions, new initiatives in the midstream and pipeline business, and share repurchases over the last two years. Citi lowered its price target for shares to $94 from $96.
05:27 EDTWHRWhirlpool to acquire majority interest in Indesit for $15.06 per share
Whirlpool and Fineldo S.p.A. announce that they have entered into a binding agreement for the sale of Fineldo's stake in Indesit. Whirlpool also entered into binding share purchase agreements with members of the Merloni family for their Indesit shares. Under these agreements, Whirlpool would acquire shares representing a total of 66.8% of the voting stock of Indesit. Whirlpool currently intends to finance this transaction through cash on hand, together with private, domestic and international public debt financing. The acquisition of control of Indesit is subject to judicial and antitrust approvals and is expected to close by the end of 2014. In this transaction, Whirlpool simultaneously entered into share purchase agreements with Fineldo for a 42.7% stake in Indesit, certain members of the Merloni family for a 13.2% stake in Indesit, and Claudia Merloni for a 4.4% stake in Indesit. This total of 60.4% of Indesit stock capital represents a 66.8% voting stake in Indesit, in light of the treasury shares held by Indesit. The purchase price under all three Share Purchase Agreements is $15.06 per Indesit share, resulting in a total expected purchase price of $1.04B. Under the Fineldo Agreement, however, the purchase price is subject to a possible pre-closing downwards or upwards adjustment based on Indesit's consolidated average net debt and net working capital. The purchase price is based on Indesit's average net debt position for 2013. Either party's breach of its obligation to consummate the transaction or Fineldo's breach of its exclusivity obligations requires payment of at least $54.8M in liquidated damages.
05:22 EDTWHRWhirlpool to acquire majority interest in Indesit for $15.06 per share
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July 10, 2014
08:10 EDTETNMorgan Stanley's Vintage Values 2015 list selected
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06:04 EDTCLNEClean Energy to double CNG statoin capacity for Saddle Creek gas station
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July 9, 2014
10:02 EDTNAT, FFIVOn The Fly: Analyst Initiation Summary
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10:02 EDTCOHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
09:13 EDTCOHOn The Fly: Pre-market Movers
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08:59 EDTCOHCoach downgraded at Buckingham
As noted earlier, Buckingham downgraded Coach to Underperform from Neutral. After analyzing the company's financial outlook, Buckingham concluded that the company will likely have to cut its dividend and/or raise more debt than expected. The firm remains pessimistic on the outlook for the company's business. Target to $28 from $32.
07:17 EDTCOHCoach downgraded to Underperform from Neutral at Buckingham
Price target lowered to $28 from $32.
07:14 EDTCSCOTech Data announces U.S. distribution agreement with Cisco
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05:30 EDTFFIVF5 Networks initiated with a Buy at DA Davidson
Target $145.
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