BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Joy Global Powers Higher]]>http://www.bloggingstocks.com/2011/01/12/joy-global-powers-higher/http://www.bloggingstocks.com/2011/01/12/joy-global-powers-higher/http://www.bloggingstocks.com/2011/01/12/joy-global-powers-higher/#commentsFiled under:

Joy Global (JOYG)When we last left Joy Global (JOYG), first discussed here on June 15, 2009, at a price of $38.05, it had cleared $60 resistance in October. At which time the view was "consider the shares now, or lose out on a decent gain in the current economic expansion."

If you considered the shares then, you made the correct move, as JOYG has powered higher, and is pushing the $90 level. Hence, now is good time to consider taking some profits, if you bought near $60. If bought at the $38.05, I'd cash out at least 50% of my position.

Continue reading Joy Global Powers Higher

Joy Global Powers Higher originally appeared on BloggingStocks on Wed, 12 Jan 2011 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobaljoygWed, 12 Jan 2011 12:30:00 EST<![CDATA[Joy Global: Buy, Hold or Take Profits?]]>http://www.bloggingstocks.com/2010/12/16/joy-global-hold-on-or-take-profits/http://www.bloggingstocks.com/2010/12/16/joy-global-hold-on-or-take-profits/http://www.bloggingstocks.com/2010/12/16/joy-global-hold-on-or-take-profits/#commentsFiled under: ,

Joy Global (JOYG) has done incredibly well over the last 12 months as a stock. Fundamentally, things appear okay, too. I noticed the move that the maker of mining equipment made Wednesday after it reported quarterly earnings and decided to have a look.

My colleague Connie Madon covered the bullet points of the company's latest quarter. Shareholders surely enjoyed the numbers. The market responded accordingly, sending the stock up almost 7% to $85.78. To put that rise in perspective, the 52-week high is currently set at $87.11. In case you're wondering, yes, that 52-week high was hit during the intraday session.

Continue reading Joy Global: Buy, Hold or Take Profits?

Joy Global: Buy, Hold or Take Profits? originally appeared on BloggingStocks on Thu, 16 Dec 2010 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredJoy GlobalJOYGmining equipmentThu, 16 Dec 2010 09:00:00 EST<![CDATA[Closing Bell: Concerns Outweigh Tax Cuts (ARAY, BIDU, BP, CYPB, JOYG, FSLR)]]>http://www.bloggingstocks.com/2010/12/15/closing-bell-concerns-outweigh-tax-cuts-aray-bidu-bp-cypb/http://www.bloggingstocks.com/2010/12/15/closing-bell-concerns-outweigh-tax-cuts-aray-bidu-bp-cypb/http://www.bloggingstocks.com/2010/12/15/closing-bell-concerns-outweigh-tax-cuts-aray-bidu-bp-cypb/#commentsFiled under:

Moody's gave a warning to Spain and the Greeks rioted again. CPI showed tame inflation and industrial capacity was close to two-year highs. We also had at least four IPOs and the Senate passed the Bush tax-cut extension for two years. The markets looked set for a rally but the end of day trading again failed to materialize into a win for the bulls. Here were today's closing bell levels:

DJIA: 11,457.47, -19.07 (0.17%)
S&P 500: 1.235.23, -6.36 (0.51%)
NASDAQ: 2,617.22, -10.50 (0.40%)

Top Analyst Upgrades & Downgrades

Continue reading Closing Bell: Concerns Outweigh Tax Cuts (ARAY, BIDU, BP, CYPB, JOYG, FSLR)

Closing Bell: Concerns Outweigh Tax Cuts (ARAY, BIDU, BP, CYPB, JOYG, FSLR) originally appeared on BloggingStocks on Wed, 15 Dec 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AcurayARAYBaiduBIDUBPCPICYPBFirst SolarFSLRinflationIPOsJoy GlobalJOYGWed, 15 Dec 2010 16:20:00 EST<![CDATA[Joy Global Profits Up on Surge in Bookings, Overseas Demand]]>http://www.bloggingstocks.com/2010/12/15/joy-global-q4-earnings/http://www.bloggingstocks.com/2010/12/15/joy-global-q4-earnings/http://www.bloggingstocks.com/2010/12/15/joy-global-q4-earnings/#commentsFiled under: ,

Joy Global (JOYG) logoHere's an interesting company. Joy Global (JOYG) is the only worldwide surface and underground mining equipment company. With underdeveloped countries screaming for raw materials, Joy Global is in a sweet spot, providing equipment to mining companies around the globe.

The Wall Street Journal (subscription required) reported that Joy Global's fourth quarter earnings were up 18% year over year. Profit was at $146.3 million or $1.39 a share, up from $124 million of $1.20 a share last year. Revenue rose to $1.05 billion. Gross margin rose 37.9% from 32.4%.

Continue reading Joy Global Profits Up on Surge in Bookings, Overseas Demand

Joy Global Profits Up on Surge in Bookings, Overseas Demand originally appeared on BloggingStocks on Wed, 15 Dec 2010 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredinthenewsJoy GlobalJoy Global earningsJoy Global forecastJoy Global Q4Joy Global rallyJOYGWed, 15 Dec 2010 11:30:00 EST<![CDATA[U.S. Stock Futures Lower as Investors Await Economic Data]]>http://www.bloggingstocks.com/2010/12/15/u-s-stock-futures-lower-as-investors-await-economic-data/http://www.bloggingstocks.com/2010/12/15/u-s-stock-futures-lower-as-investors-await-economic-data/http://www.bloggingstocks.com/2010/12/15/u-s-stock-futures-lower-as-investors-await-economic-data/#commentsFiled under: , ,

U.S. stock futures are trading lower Wednesday morning as investors are awaiting inflation and manufacturing data. Futures on the Dow Jones Industrial Average dropped 43 points to 11,378.00 and S&P 500 futures lost 5.50 points to 1,231.30. Nasdaq 100 futures dipped 9.50 points to 2,204.50.

U.S. stocks closed higher yesterday, with the blue-chip Dow index rising 0.42%.

Continue reading U.S. Stock Futures Lower as Investors Await Economic Data

U.S. Stock Futures Lower as Investors Await Economic Data originally appeared on BloggingStocks on Wed, 15 Dec 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>alconjoy globalnovartisstock futuresyahooWed, 15 Dec 2010 08:30:00 EST<![CDATA[Analyst Calls: BRCD, CCE, DPS, HOV, JOYG, KMB, KO, PEP, S, ...]]>http://www.bloggingstocks.com/2010/11/16/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/11/16/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/11/16/analyst-upgrades-downgrades/#commentsFiled under: , , , , , , ,

Analyst Upgrades

  • Sprint (S) was upgraded to neutral from underweight at Piper Jaffray.
  • Cree (CREE) was upgraded to outperform from market perform at Morgan Keegan.
  • Brocade (BRCD) was upgraded to outperform from market perform at JMP Securities.
  • JPMorgan upgraded WuXi PharmaTech (WX) to overweight from neutral.
  • Barclays upgraded ITC Holdings (ITC) to overweight from equal weight.
  • Centene (CNC) was upgraded to outperform from underperform at Oppenheimer.
  • Senior Housing (SNH) was upgraded to buy from hold at Jefferies.
  • UBS upgraded Hovnanian (HOV) to neutral from sell.
  • GeoResources (GEOI) was upgraded to accumulate from neutral at Madison Williams.
  • Compellent (CML) was upgraded to hold from sell at Canaccord.

Continue reading Analyst Calls: BRCD, CCE, DPS, HOV, JOYG, KMB, KO, PEP, S, ...

Analyst Calls: BRCD, CCE, DPS, HOV, JOYG, KMB, KO, PEP, S, ... originally appeared on BloggingStocks on Tue, 16 Nov 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analyst upgradesBRCDBrocadeCACICCECMLCNCCOCoca-ColaCODECREEdowngradesDPSDr Pepper SnappleGEOIHOVHovnanianinitiationsinthenewsITCJoy GlobalJOYGKimberly ClarkKMBKOMANTManTechPEPPepsiCoPetroQuestPQSSNHSpansionSprintSRXUltra PetroleumUPLWXXECTue, 16 Nov 2010 12:00:00 EST<![CDATA[Joy Global's Train Is Leaving the Station]]>http://www.bloggingstocks.com/2010/10/12/joy-global-s-train-is-leaving-the-station/http://www.bloggingstocks.com/2010/10/12/joy-global-s-train-is-leaving-the-station/http://www.bloggingstocks.com/2010/10/12/joy-global-s-train-is-leaving-the-station/#commentsFiled under:

This may be your last chance to scoop-up shares of Joy Global (JOYG), first discussed here on June 15, 2009 at a price of $38.05, and earn an out-sized gain during the current economic expansion.

JOYG, a manufacturer and servicer of mining equipment, is on-track to capitalize on the development of emerging markets, and that should drive impressive gains in orders, revenue, and margins.

Joy's management has prudently restructured production capacity to meet slower growth conditions, and also transferred production to lower-cost regions. Joy's shares should outperform the Dow and S&P, assuming credit markets continue to heal.

Continue reading Joy Global's Train Is Leaving the Station

Joy Global's Train Is Leaving the Station originally appeared on BloggingStocks on Tue, 12 Oct 2010 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobalJOYGTue, 12 Oct 2010 14:30:00 EST<![CDATA[Analyst Calls: AMAT, AMRI, BP, BUCY, DB, FDO, GS, ISIL, THO ...]]>http://www.bloggingstocks.com/2010/07/06/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/07/06/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/07/06/analyst-upgrades-downgrades/#commentsFiled under: , , , ,

Analyst Upgrades

  • Soleil upgraded Thor Industries (THO) to buy from hold after the company said its accounting review will not lead to changes to previously taken accounting positions. The firm raised its target for shares to $45 from $28.
  • Citigroup upgraded Family Dollar (FDO) to buy from hold, citing valuation and its positive view on the dollar store industry. The firm upped its target for shares to $47 from $44.
  • Wells Fargo upgraded Albany Molecular (AMRI) to outperform from market perform, citing valuation and a stabilizing core business.
  • Goldman Sachs (GS) upgraded to overweight from neutral at JPMorgan.
  • Patterson-UTI Energy (PTEN) was upgraded to equal weight from underweight at Barclays.
  • BP (BP) was raised to buy from hold at RBS.

Continue reading Analyst Calls: AMAT, AMRI, BP, BUCY, DB, FDO, GS, ISIL, THO ...

Analyst Calls: AMAT, AMRI, BP, BUCY, DB, FDO, GS, ISIL, THO ... originally appeared on BloggingStocks on Tue, 06 Jul 2010 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMATAMRIanalyst upgradesBINBPBUCYBucyrusDBDeutsche BankdowngradesEXHFDOFRXGoldman SachsGSinitiationsinthenewsISILJoy GlobalJOYGMXIMPTENQEPRHHBYTHOZRANTue, 06 Jul 2010 11:30:00 EST<![CDATA[Is Now a Good Time to Scoop Up Shares of Joy Global?]]>http://www.bloggingstocks.com/2010/06/07/is-now-a-good-time-to-scoop-up-shares-of-joy-global/http://www.bloggingstocks.com/2010/06/07/is-now-a-good-time-to-scoop-up-shares-of-joy-global/http://www.bloggingstocks.com/2010/06/07/is-now-a-good-time-to-scoop-up-shares-of-joy-global/#commentsFiled under:

The shares of Joy Global Inc. (JOYG), first discussed here on June 15, 2009, at a price of $38.05, have pulled-back in-sync with the Dow's recent downdraft, but that doesn't change the company's promising future. Here's why:

A manufacturer and servicer of mining equipment, Joy Global is on-track to capitalize on the development of emerging markets, and that should drive impressive gains in orders, revenue, and margins. Even with sovereign debt issues clouding the European GDP growth story, global GDP growth still should be adequate, with impressive growth in Asia, provided Europe's woes do not substantially decrease the supply of credit globally.

Continue reading Is Now a Good Time to Scoop Up Shares of Joy Global?

Is Now a Good Time to Scoop Up Shares of Joy Global? originally appeared on BloggingStocks on Mon, 07 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobalJOYGmining equipmentmining stocksMon, 07 Jun 2010 17:00:00 EST<![CDATA[Capitalize on Globalization with Joy Global]]>http://www.bloggingstocks.com/2010/03/08/capitalize-on-globalization-with-joy-global/http://www.bloggingstocks.com/2010/03/08/capitalize-on-globalization-with-joy-global/http://www.bloggingstocks.com/2010/03/08/capitalize-on-globalization-with-joy-global/#commentsFiled under:

The shares of Joy Global (JOYG), which I first wrote about on June 15, 2009, at a price of $38.05, overcorrected with the Dow's late January/early February correction -- dipping below the key, 50-day moving average.

Had the stock remained there, that would have been a danger sign. However, JOYG found support near $45 and has since pushed back up the 50-day moving average, keeping the uptrend intact.

Continue reading Capitalize on Globalization with Joy Global

Capitalize on Globalization with Joy Global originally appeared on BloggingStocks on Mon, 08 Mar 2010 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobalJOYGMon, 08 Mar 2010 12:40:00 EST<![CDATA[Joy Global really likes the recovery in emerging markets]]>http://www.bloggingstocks.com/2009/12/16/joy-global-really-likes-the-recovery-in-emerging-markets/http://www.bloggingstocks.com/2009/12/16/joy-global-really-likes-the-recovery-in-emerging-markets/http://www.bloggingstocks.com/2009/12/16/joy-global-really-likes-the-recovery-in-emerging-markets/#commentsFiled under:

Joy Global Inc. (JOYG), manufacturer and servicer of mining equipment, is on-track to capitalize on the development of emerging markets, which is a major reason I'm reiterating my buy rating for the company's shares, first recommended on June 15, 2009 at a price of $38.05. If you bought JOYG in June, you're up about 40%.

When the global economic expansion hits take-off stage, it will most likely be led by emerging markets, who are building-out their infrastructure networks and using more energy on a per capita basis, yearly. And that means they'll need mining equipment, which benefits JOYG. Firmness in the commodity market provides an additional tailwind.

Continue reading Joy Global really likes the recovery in emerging markets

Joy Global really likes the recovery in emerging markets originally appeared on BloggingStocks on Wed, 16 Dec 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobalJOYGWed, 16 Dec 2009 15:00:00 EST<![CDATA[Joy Global: Back up the truck]]>http://www.bloggingstocks.com/2009/10/06/joy-global-back-up-the-truck/http://www.bloggingstocks.com/2009/10/06/joy-global-back-up-the-truck/http://www.bloggingstocks.com/2009/10/06/joy-global-back-up-the-truck/#commentsFiled under:

When the global economic expansion hits take-off stage, it will most likely be led by emerging market nations, who are building-out their infrastructure networks and using more energy on a per capita basis, yearly. And that's good news for mining equipment companies, which is why I'm Reiterating my Buy rating for Joy Global (NASDAQ: JOYG), first recommended on June 15, 2009 at a price of $38.05.

If you bought manufacturer and servicer of mining equipment company Joy Global then, you're up about 26%. If you didn't, this may be the last time to establish a position and earn an outsized gain with JOYG during this economic cycle.

Continue reading Joy Global: Back up the truck

Joy Global: Back up the truck originally appeared on BloggingStocks on Tue, 06 Oct 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobalJOYGTue, 06 Oct 2009 17:00:00 EST<![CDATA[The week in preview: Summer (and the earnings season) winds down]]>http://www.bloggingstocks.com/2009/08/30/the-week-in-preview-summer-and-the-earnings-season-winds-down/http://www.bloggingstocks.com/2009/08/30/the-week-in-preview-summer-and-the-earnings-season-winds-down/http://www.bloggingstocks.com/2009/08/30/the-week-in-preview-summer-and-the-earnings-season-winds-down/#commentsFiled under: , ,

Summer is winding down and so is another earnings season. Most of the S&P 500 have reported results for the past quarter, but there are still a few things of note coming up this week.

In its second quarter, Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA), one of the largest entertainment media companies in China, announced plans for an IPO for its Shanda Games business and bought a majority stake in music producer and distributor.

Continue reading The week in preview: Summer (and the earnings season) winds down

The week in preview: Summer (and the earnings season) winds down originally appeared on BloggingStocks on Sun, 30 Aug 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Americas Car MartBUCYBucyrusCarMaxCATCaterpillarCRMTearningsESLEsterlineGoodrichGRJoy GlobalJOYGKMXSAISAICShandaSNDASun, 30 Aug 2009 12:30:00 EST<![CDATA[Joy Global's train is leaving the station]]>http://www.bloggingstocks.com/2009/06/15/joy-global-s-train-is-leaving-the-station/http://www.bloggingstocks.com/2009/06/15/joy-global-s-train-is-leaving-the-station/http://www.bloggingstocks.com/2009/06/15/joy-global-s-train-is-leaving-the-station/#commentsFiled under:

Joy Global appears to be turning the corner, hence a Buy rating has been generated here, with a tight Sell/Stop Loss.

Institutional investors have recently bid-up shares on the thesis that the global recession is bottoming, which would mean good things for mining equipment supplier Joy Global (Nasdaq: JOYB).

Continue reading Joy Global's train is leaving the station

Joy Global's train is leaving the station originally appeared on BloggingStocks on Mon, 15 Jun 2009 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Joy GlobalJOYGmining equipmentMiningEquipmentMon, 15 Jun 2009 17:20:00 EST<![CDATA[The week in preview: DynCorp, Joy Global, Shanda and more]]>http://www.bloggingstocks.com/2009/05/31/the-week-in-preview-dyncorp-joy-global-shanda-and-more/http://www.bloggingstocks.com/2009/05/31/the-week-in-preview-dyncorp-joy-global-shanda-and-more/http://www.bloggingstocks.com/2009/05/31/the-week-in-preview-dyncorp-joy-global-shanda-and-more/#commentsFiled under: , ,

Much of the attention this week will no doubt be on how the impending General Motors (NYSE: GM) bankruptcy will shake out, as well as the usual economic concerns: Has the housing market bottomed? Will oil prices keep rising? Is the employment situation getting any better? And so on (see highlights of the economic calendar below).

What probably won't get much attention are quarterly earnings, as the earnings season for this quarter winds down. But there are a few reports that analysts surveyed by Thomson Reuters have high hopes for.

Continue reading The week in preview: DynCorp, Joy Global, Shanda and more

The week in preview: DynCorp, Joy Global, Shanda and more originally appeared on BloggingStocks on Sun, 31 May 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Best BuyBob EvansBOBECATCaterpillarCIENCienaCollective BrandsDCPDyncorpearningsfeaturedGESGMGuessHGGhhgreggHOVHovnaniaJoy GlobalJOYGKBRLGFLions GateMTNNetease.comNTESPerfect WorldPSSPWRDShanda InteractiveSNDATOLToll BrothersVail ResortsWilliams-SonomaWSMSun, 31 May 2009 12:30:00 EST<![CDATA[Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others]]>http://www.bloggingstocks.com/2008/12/20/earnings-highlights-best-buy-fedex-goldman-sachs-nike-rim/http://www.bloggingstocks.com/2008/12/20/earnings-highlights-best-buy-fedex-goldman-sachs-nike-rim/http://www.bloggingstocks.com/2008/12/20/earnings-highlights-best-buy-fedex-goldman-sachs-nike-rim/#commentsFiled under: , , , , , , , , , , , , ,

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others

Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others originally appeared on BloggingStocks on Sat, 20 Dec 2008 09:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ADBEAdobeBBYBest BuyCarnivalCCLDFSDiscoverearningsearnings reportsEatonETNFDXFedExGEGeneral ElectricGeneral MillsGILDGileadGISGoldman SachsGSHealthcare RealtyHONHoneywellHRJoy GlobalJOYGLENLennarMorgan StanleyMSNikeNKENWLNYSENYXOracleORCLRADRIMRIMMRite-AidRubbermaidSchlumbergerSLBTake-TwoTTWOSat, 20 Dec 2008 09:10:00 EST<![CDATA[Joy Global rallies sharply after earnings, but downgrades are a threat]]>http://www.bloggingstocks.com/2008/12/17/joy-global-rallies-sharply-after-earnings-but-downgrades-are-a/http://www.bloggingstocks.com/2008/12/17/joy-global-rallies-sharply-after-earnings-but-downgrades-are-a/http://www.bloggingstocks.com/2008/12/17/joy-global-rallies-sharply-after-earnings-but-downgrades-are-a/#commentsFiled under: , ,

Milwaukee-based Joy Global Inc. (NASDAQ: JOYG) offered up its fourth-quarter earnings report today, with the company raking in a profit of $1.11 per share on $1 billion in sales. The results surpassed analysts' expectations, which called for earnings of $1.08 per share.

The mining-equipment concern also updated its fiscal 2009 guidance. Joy Global now expects revenues of $3.5 billion to $3.7 billion for the current fiscal year, with earnings per share arriving between $3.60 and $4.00. The forecast fell short of Wall Street's consensus estimates for a full-year profit of $4.24 per share on $4 billion in revenue.

With so many corporations falling short of quarterly earnings expectations, investors have been quick to reward JOYG's better-than-expected fourth quarter. The stock gained roughly 10% in the first hour of today's trading, propelling the shares above resistance from their descending 10-week moving average.

Once the euphoria fades, though, Joy Global could be vulnerable to negative analyst notes. Zacks reports six Strong Buy ratings and two Buys, compared to just three skeptical Holds. If any of these bullish brokers are disappointed by the company's modest outlook for 2009, the stock could be hit with downgrades.

Price-target cuts are also a potential threat. JOYG's average 12-month price target is $49.45, according to Thomson Financial, representing a lofty premium of 118% to Tuesday's closing price. Any downward revisions to this consensus estimate could draw fresh selling pressure to the security.

Elizabeth Harrow is an analyst and financial writer in the research department at Schaeffer's Investment Research. She is featured in the video series Schaeffer's Daily Q&A on SchaeffersResearch.com.

Joy Global rallies sharply after earnings, but downgrades are a threat originally appeared on BloggingStocks on Wed, 17 Dec 2008 12:19:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystsearningsforecastinthenewsjoy globaljoygJoyGlobalmining equipmentMiningEquipmentoutlookWed, 17 Dec 2008 12:19:00 EST<![CDATA[Cramer on BloggingStocks: Lots of stocks still haven't fallen enough ]]>http://www.bloggingstocks.com/2008/10/23/cramer-on-bloggingstocks-lots-of-stocks-still-havent-fallen-en/http://www.bloggingstocks.com/2008/10/23/cramer-on-bloggingstocks-lots-of-stocks-still-havent-fallen-en/http://www.bloggingstocks.com/2008/10/23/cramer-on-bloggingstocks-lots-of-stocks-still-havent-fallen-en/#commentsFiled under: , , ,

TheStreet.com's Jim Cramer says the sellers are in control, and without dividend protection, we have no floor.

The bad stuff is in the market. It just has to get more in. That's all. That's the conclusion you have to reach when you see companies like Terex (NYSE: TEX) (Cramer's Take), which is valued at only a billion and a half dollars, or Joy Global (NASDAQ: JOYG) (Cramer's Take) at $2 billion and change or McDermott (NYSE: MDR) (Cramer's Take) at $3 billion.

In other words, forget about the stock prices. They are almost all absurd unless we are headed into a recession of such magnitude that companies start showing severe losses in the first quarter. Think about the market cap size. If Terex, which is actually a pretty good machinery company, can sell at a billion and a half dollars -- about the price that some acquisitive company might have paid for a division of Terex a year ago -- why can't it sell at $1 billion? How about $800 million? What's to stop it? The sellers at this point obviously don't even care about it, not one bit. They just want money. The buyers have had their heads twisted off and don't want anything more to do with it. No one wants to recommend it because the estimates are too high. And without a dividend, it has no protection; besides, people might perceive that the dividend can't be paid -- a la Freeport (NYSE: FCX) (Cramer's Take) -- and sell it anyway.

Continue reading Cramer on BloggingStocks: Lots of stocks still haven't fallen enough

Cramer on BloggingStocks: Lots of stocks still haven't fallen enough originally appeared on BloggingStocks on Thu, 23 Oct 2008 09:03:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fcxfeaturedFreeport-McMoRanjim cramerJimCramerjoy globaljoygJoyGlobalmcdermottmdrnrgparker-hannifinphterextexThu, 23 Oct 2008 09:03:00 EST<![CDATA[Cramer on BloggingStocks: takeovers will resume as long as banks are serious about lending]]>http://www.bloggingstocks.com/2008/10/15/cramer-on-bloggingstocks-takeovers-will-resume-as-long-as-banks/http://www.bloggingstocks.com/2008/10/15/cramer-on-bloggingstocks-takeovers-will-resume-as-long-as-banks/http://www.bloggingstocks.com/2008/10/15/cramer-on-bloggingstocks-takeovers-will-resume-as-long-as-banks/#commentsFiled under: , , , ,


How will we know when things have thawed? Everyone's looking at LIBOR and I can't blame them as that indicator of lending from one bank to another bank is crucial for the way the system is supposed to work. It's a good thermometer for certain, but I don't want it to overstay its welcome, because there are other "true" indicators out there besides just LIBOR.

I am looking at something else: takeovers. On Monday, we saw Waste Management (NYSE:WMI) pull its bid for Republic Services (NYSE:RSG) , a smart idea as WMI had dropped so precipitously despite reporting better-than-expected earnings that one had to question if it was worth doing it. More important, though, getting the money was proving to be possible, but difficult. This situation also prevailed in Altria's (NYSE: MO) buy of UST (NYSE: UST) where Goldman Sachs said, "Don't bother, wait," even though the integration of the two is crucial for Altria's growth.

Now I expect deals to be done if the banks are for real about lending.

Further, the endless margin selling has created tremendous bargains for well-capitalized companies to buy other companies that have brimming order books but are being kept down because of hedge fund redemptions. How can some company not want to buy a Trinity (NYSE:TRN), for example, which has been virtually cut in half even though both presidential candidates are pro-wind? Or how about a Foster Wheeler (NASDAQ: FWLT) or a Joy Global (NASDAQ:JOYG) or a Terex (NYSE: TEX) betting that if there is credit there will eventually be a revival?

Continue reading Cramer on BloggingStocks: takeovers will resume as long as banks are serious about lending

Cramer on BloggingStocks: takeovers will resume as long as banks are serious about lending originally appeared on BloggingStocks on Wed, 15 Oct 2008 09:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfreeport mcmoranFreeportMcmoranJIm cramerJimCramerJOY GlobalJOYGJoyGlobalMad MoneyMadMoneyMOTrinitiyUSTwaste managementWasteManagementWMIWed, 15 Oct 2008 09:15:00 EST<![CDATA[Earnings highlights: Toll Bros., Take-Two, Tiffany, Staples, Kraft, Corning and others]]>http://www.bloggingstocks.com/2008/09/06/earnings-highlights-toll-bros-take-two-tiffany-staples-kra/http://www.bloggingstocks.com/2008/09/06/earnings-highlights-toll-bros-take-two-tiffany-staples-kra/http://www.bloggingstocks.com/2008/09/06/earnings-highlights-toll-bros-take-two-tiffany-staples-kra/#commentsFiled under: , , , , , , ,

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Also, Jim Cramer discusses a decline in earnings resulting from a collapse of oil and oil services.

Upcoming quarterly reports include Korn/Ferry (NYSE: KFY), Pep Boys (NYSE: PBY), Campbell Soup (NYSE: CPB), Krispy Kreme (NYSE: KKD), and Lululemon Athletica (NASDAQ: LULU).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: Toll Bros., Take-Two, Tiffany, Staples, Kraft, Corning and others originally appeared on BloggingStocks on Sat, 06 Sep 2008 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BABoeingCIENCienaCorningCPBDLLRDollar Financialearningsearnings reportsERICEricssonESLEsterlineGLWJim CramerJoy GlobalJOYGKFTKFYKKDKraft FoodsLegg MasonLMLULUMEMCNAVNavistarNew York TimesNYTRupert MurdochShandaSNDASPLSStaplesstrikeTake-TwoTenetTerexTEXTHCTIFTiffanyTOLToll BrothersTTWOWFRSat, 06 Sep 2008 09:40:00 EST