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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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April 9, 2014
16:12 EDTNLYAnnaly Capital appoints Michael Maffattone as Chief Technology Officer
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11:40 EDTCSCOCisco to participate in a conference call with Sanford Bernstein
Bernstein Analyst Ferragu hosts a conference call with Cisco's SVP Jiandani to discuss Cisco's Application Centric Infrastructure (ACI) on April 10 at 11 am. Webcast Link
06:11 EDTBNNYPoint72 raises passive stake in Annie's to 6.1% from 5.2%
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April 8, 2014
16:32 EDTPVHPVH Corp. announces minority investment in Karl Lagerfeld, terms not disclosed
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12:00 EDTNATNordic American Tanker falls 9.8%
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10:28 EDTCSCOHigh option volume stocks: GIMO SOCL SPLK NOK CSOD
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10:03 EDTCSCOOn The Fly: Analyst Downgrade Summary
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10:00 EDTNATNordic American Tanker falls 10.1%
Nordic American Tanker is down 10.1%, or 96c, to $8.50
09:09 EDTCSCOOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
09:00 EDTNATNordic American Tanker falls 10.5%
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06:17 EDTCSCOCisco downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded its rating on Cisco (CSCO) shares to Hold from Buy saying its recent interviews with industry participants show less interest in the company's product suite. Wunderlich believes shares of Cisco are close to fully valued and lowered its price target for shares to $24 from $25. The stock closed yesterday up 14c to $22.85.
April 7, 2014
19:23 EDTNATNordic American Tanker 12M share Spot Secondary priced at $8.62
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19:05 EDTNATOn The Fly: After Hours Movers
LOWER: Gigamon (GIMO), down 24% after cutting its first quarter revenue outlook, which the company attributed to one expected large transaction from an existing customer that did not materialize... James River Coal (JRCC), down 44% after filing for Chapter 11 bankruptcy... Trading lower after filing to sell stock were Nordic American Tanker (NAT), down 8.5% after filing to sell 10M common shares, and Voxeljet (VJET), down 4.7% after filing to sell 4M American Depository Shares, including 1M for selling holders.
16:02 EDTNATNordic American Tanker files to sell 10M shares of common stock
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08:15 EDTCSCOCisco, Sony collaborate on live delivery of full-frame rate 4K 60P content
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07:09 EDTSHWSherwin-Williams retreat creates excellent entry point, says Longbow
After Sherwin-Williams announced the termination of its exclusive agreement with the sellers of Comex as it failed to obtain approval from Mexican regulators for the deal, Longbow believes that Sherwin-Williams' outlook "has rarely looked brighter." The firm thinks the stock's multiple can rise, and it reiterates a $215 price target and Buy rating on the shares.
April 4, 2014
11:32 EDTSHWSherwin-Williams terminates stock purchase agreement for Comex Mexico
Sherwin-Williams announced that it sent notice to the sellers that effective immediately Sherwin-Williams is terminating the amended and restated stock purchase agreement, dated September 16, 2013, to acquire the Mexico business of Consorcio Comex. Under the terms of the agreement, either Sherwin-Williams or the sellers may terminate the agreement in the event that the closing of the acquisition did not occur on or prior to March 31 and such party is not in material breach of the agreement. Sherwin-Williams also announced that it filed a complaint for a declaratory judgment in the Supreme Court of the State of New York, New York County, requesting the court to declare that Sherwin-Williams has used commercially reasonable efforts as required under the stock purchase agreement and has not breached the agreement.
10:02 EDTFFIV, CSCOOn The Fly: Analyst Initiation Summary
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09:45 EDTCSCOWells questions validity of low FireEye score in NSS Labs report
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06:33 EDTFFIVF5 Networks initiated with a Market Perform at Northland Securities
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