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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, SKT, WRC, ETN, USG, HAIN, PVH, SHW, COH, BNNY, CBE, WHRJim 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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April 16, 2015
07:06 EDTSHWSherwin-Williams sees Q2 EPS $3.70-$3.90, consensus $3.70
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07:05 EDTSHWSherwin-Williams reports Q1 EPS $1.38, consensus $1.44
Reports Q1 revenue $2.45B, consensus $2.49B
05:55 EDTCOHCoach upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Joan Payson upgraded Coach to Overweight citing greater confidence in the designer's ability to grow domestic store comps with its turnaround "well underway." She expects Coach's competitive pressures to ease and raised her price target for shares to $50 from $38. The maker of handbags closed yesterday down 28c to $41.76. Payson also lowered her price target for shares of Michael Kors (KORS) to $60 from $70 and keeps an Equal Weight rating on the name. She believes Kors may soon be in need of transformation. The analyst keeps an Equal Weight rating on Tiffany (TIF), calling the company a "work in progress."
April 15, 2015
18:32 EDTCSCOIdentiv, Cisco enter agreement to provide solutions for Internet of Everything
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15:31 EDTSHWSherwin-Williams technical commentary before earnings
The stock is trading near its life high of $292.51 ahead of results. Since the breakout from the October market lows, the stock has gained more than 40%. The rapid ascent in shares has recently stalled, however. The low of the current trading range is at $275 and the high of the range is at $290. A breakdown below the low of the range on a disappointment in results our outlook would be bearish. It would signal a break of the longer-term uptrend since 2011, which has been nearly vertical. Support below $275 would be at $265.14. If the news is more bullish than current expectations suggest, a move up to the $300 area would be highly probable. The $300 level corresponds to the median analyst price target according to Thomson/First Call, with the high 1-year target at $330.
13:13 EDTWHRWhirlpool near lows, down 0.9% to $194.11
Whirlpool shares are near their lows after the Association of Home Appliance Manufacturers reported lower than expected data on appliance shipments in March, according to contacts.
07:46 EDTCSCOEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 14, 2015
17:02 EDTCOHCrocs appoints Coach International Group president Ian Bickley to board
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11:55 EDTCSCOCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:50 EDTCSCOOptions with increasing implied volatility
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09:13 EDTNATOn The Fly: Pre-market Movers.
UP AFTER EARNINGS: JPMorgan Chase (JPM), up 1%... Johnson & Johnson (JNJ), up marginally... Triangle Petroleum (TPLM), up 4.2%... Fastenal (FAST), up 5%. ALSO HIGHER: Brainstorm Cell Therapeutics (BCLI), up 13.5% after announcing that it will present NurOwn Phase 2a clinical data at the Academy of Neurology annual meeting... Builders FirstSource (BLDR), up 7.2% after being upgraded to Buy from Hold at Stifel... Solazyme (SZYM), up 7.5% after announcing a strategic agreement with Flotek (FTK)... Cleveland BioLabs (CBLI), up 6.8% after receiving funding recommendation from the Department of Defense... Nordic American Tanker (NAT), up 3.2% after raising quarterly dividend to 38c from 22c... Ocwen (OCN), up 3.8% after reporting preliminary fiscal 2014 results. DOWN AFTER EARNINGS: Wells Fargo (WFC), down just under 1%. ALSO LOWER: Norfolk Southern (NSC), down 5.8% after being downgraded to Hold from Buy at TD Securities... RXi Pharmaceuticals (RXII), down 14.3% after filing to sell $20M of common stock and warrants... Arrowhead Research (ARWR), down 4.5% after being downgraded to Hold from Buy at Jefferies.
08:18 EDTETHEthan Allen down 1.9% after reporting preliminary Q3 results
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08:17 EDTETHEthan Allen announces 2M share increase to stock repurchase authorization
During the quarter Ethan Allen resumed its stock repurchase program by utilizing $2.8M to purchase 103,766 shares. The board has authorized an increase to the stock repurchase authorization of 2M shares taking the total open repurchase authorization to 3M shares.
08:16 EDTETHEthan Allen raises quarterly dividend by 16.7% to 14c per share
Ethan Allen's board has declared a regular quarterly cash dividend of 14c per share, an increase of 16.7%, which will be payable to shareholders of record as of July 9, and will be paid on July 24.
08:14 EDTETHEthan Allen sees Q3 adjusted EPS about 18c, consensus 22c
Sees Q3 revenue flat vs. 3Q14. Ethan Allen's CEO Farooq Kathwari stated, "During Q3 we began phase two of our new product launch as planned and continued implementing many initiatives. We are freshening up our design centers and adding to our professional staff of retail management and over 1,500 interior designers in North America. Technology is being added at all levels with a major emphasis on our website. We are very focused on increasing our manufacturing in the United States and North America. Importantly, we are strengthening our merchandising programs with changing since last fall to this fall about 70% of our offerings. As we have discussed, these initiatives are very important for the long-term, but there will be some disruption in the short-term due to continued sell off of floor samples, implementing new product through our manufacturing and increasing our operating expenses. We expect written and delivered sales for the quarter to be flat to last year and adjusted EPS in the range of 18c."
06:06 EDTCLNEClean Energy begins fueling at two new CNG stations in Southern California
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05:56 EDTCSCOStocks with implied volatility movement; CSCO MAC
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05:33 EDTNATNordic American Tankers increases quarterly dividend to 38c from 22c
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April 13, 2015
09:17 EDTWHRWhirlpool, Electrolux AB estimates lowered at Longbow
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07:31 EDTCSCOHealthcare Information & Management Systems Society to hold a conference
HIMSS 2015 is being held in Chicago on April 12-16.
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