It has been a big week for earnings, AAPL hit a home run and gained $40 on its earnings. AMZN not wanting to be left behind is currently +13% after its numbers.
To top it all off, Spain just got downgraded, so all this action in the stock market today its been very interesting!
Here is what Cramer has to say from thestreet.com:
For Cramer, the day begins with an earnings announcement from Procter & Gamble [PG]. The world’s largest household products company, known for brands such as Gillette and Pampers, will release its results at 7 a.m. ET, followed by an earnings conference call at 8:30 a.m. ET. Cramer expects the Cincinnati-based company will report strong earnings and an improved top line. He suspects executives will say raw costs have peaked, too.
Nevertheless, Cramer likes the company’s plans to raise its quarterly dividend by 7 percent, after raising it 9 percent a year ago.
Meanwhile, V.F. Corp [VFC] will also host its earnings conference at 8:30 a.m. ET. From its headquarters in Greensboro, N.C., the apparel maker is the parent of several popular brands, including North Face, Nautica, Timberland and Wrangler. Cramer expects the company will report strength in its product lines. He likes the stock, but recommends investors only consider buying shares on a pullback.
Finally, Cramer will listen to International Paper’s [IP] earnings conference call at 9 a.m. ET. Earlier this year, the packing producer completed its acquisition of rival Temple-Inland for $32 per share in cash. Cramer expects the Memphis, Tenn.-based company to say the deal proved profitable.
DE - Deere & Company reported good earnings after the bel
Deere reported fourth quarter earnings per share (EPS) of $1.62, compared to the $1.43 that was expected by the consensus and the $1.07 reported a year earlier.
Total net income came in at $669.6m, a 46% increase from $457m a year ago.
Deere & Company, together with its subsidiaries (John Deere) operates in three business segments: agriculture and turf, construction and forestry and credit. The agriculture and turf segment manufactures and distributes a line of farm and turf equipment and related service parts including large, medium and utility tractors; loaders; combines, cotton and sugarcane harvesters and related front-end equipment and sugarcane loaders; tillage, seeding and application equipment. The construction and forestry segment manufactures, distributes to dealers and sells at retail a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The credit segment primarily finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.
The big mover out the gate today is LNG (Chenier Energy), as the ticker might give away, the business is liquid natural gas.
Bloomberg - Cheniere Energy Inc. (LNG) expects to sign a U.S. natural-gas export deal within weeks that will be similar in size and duration to the 20-year agreement announced today with BG Group Plc. (BG/)
The upcoming agreement will enhance Cheniere’s ability to attract lenders for the gas-liquefaction and export terminal the company plans to build on the Louisiana coast, Chief Executive Officer Charif Souki said today in a telephone interview.
LNG currently trading at $9.59, +56% for the day.
Cheniere Energy, Inc. (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its 90.6% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners). Cheniere also owns and operates the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with natural gas markets in North America.
It was a volatile day for the TSX which closed well off the lows, but still in the red at -0.66% at 11,117. The reversal off the lows came in the final hour of trading, just after the TSX fell to a new 23 month low.
First Quantum Minerals (FM:TSX) +11.4%, First Quantum Minerals Ltd. is a mining company. The Company is engaged in the exploration, development, operation and acquisition of mining projects or companies with interests in mining projects and the production of London Metal Exchange (LME) grade A copper cathode, copper in concentrate, gold, sulphuric acid and nickel. The Company’s operations and development projects are located in Zambia, Mauritania, Finland, Australia and Peru.
Quandra FNX Mining (QUX:TSX) +10.5%, Quadra FNX Mining Ltd. (Quadra FNX), formerly Quadra Mining Ltd., is engaged in the business of developing and operating mines, with a focus on base metals, particularly copper. The Company owns the McCreedy West and Levack mines, which includes the Morrison deposit (Morrison), together known as the Levack Complex, as well as the Podolsky mine, all located in Canada’s Sudbury mining district.
Inmet Mining (IMN:TSX) +10%, Inmet Mining Corporation (Inmet) is a global mining company with a focus on copper.
Topping the list for the most popular searched stocks on July 20th is Zarlink Semiconductors (TSE:ZL) which is enjoying a +48% gain to $3.55.
Zarlink Semiconductor Inc. (Zarlink) designs mixed-signal semiconductor products for a range of communications and medical applications. The Company’s core capabilities are in communication network timing and synchronization, line circuits, telecom networking, and ultra low-power wireless communications.
On the downside is Lake Shore Gold Corp (TSE:LSG), the stock is gapping down to $2.25, -21%, just above the 52wk lows.
Lake Shore Gold Corp. (Lake Shore Gold) is a gold mining company. It is engaged in exploration and development of a number of projects and exploration properties.
Sino Forrest (TSE:TRE) is seeing some buying return to the stock after billionaire investor Richard Chandler indicated that he was increasing his stake in the company by 10%.
Sino-Forest Corporation (Sino-Forest) is a commercial forest plantation operator in the People Republic of China (PRC). As of December 31, 2009, Sino-Forest had approximately 512,700 hectares of forest plantations located primarily in southern and eastern China.
For discussion on these stocks and more, visit the Canadian stocks section.
For the trading day ending July 14th, the TSX closed down 72 points to 13252 near the lows of the day. Falling prices in energy and material stocks pushed the index lower for the first time in three sessions.
Topping the list for the most popular searches was Bennett Environmental Inc (BEV:TSX), the stock made a +9% move to $2.41, recent highs in April were $2.45. The Company is engaged in the business of using thermal oxidation to remediate contaminated soil and contaminated construction debris.
Nexen Inc. (TSE:NXY) is an independent, Canada-based global energy company. It operates in two segments: Oil and Gas, and Energy Marketing. Nexen’s oil sands investments include interests in the Long Lake project and the Syncrude joint venture. The stock moved +3% to $21.89 on 2M shares traded. The stock is coming off 52wk lows of $18.33.
Prophecy Platinum Corp (CVE:NKL) is engaged in the acquisition, exploration and development of mineral properties. As of July 31, 2010, the Company had two nickel exploration projects, one project is located within the Yukon Territories and a second project located within Uruguay. The stock had a big day, moving +114% to $1.59 on 3.7M shares traded. This stock is a small cap with 50M shares outstanding.
Topping the list of the most popular searches for Canadian stocks on July 13th are Scorpio Mining (SPM:TSX), Vast Exploration (VST:TSX) and Rubicon Minerals (RMX:TSX).
Scorpio Mining started strong right from the opening bell, hitting $1.69 before settling slightly lower to $1.62 in the afternoon trade. News of Q2 silver output doubling from the previous quarter attracted the morning buyers. Volume is extremely high with 2.8M shares traded.
Scorpio Mining Corporation is engaged in the acquisition, exploration and development of mineral properties. The Company is primarily focused on the development of its 100%-owned Nuestra Senora project, a silver-zinc-copper-lead project, located in the state of Sinaloa, Mexico.
Rubicon follows the gainers list with a +3.2% move to $3.58 on above average volume of 1.9M shares traded.
Rubicon Minerals Corporation (Rubicon) is a mineral exploration company engaged in the acquisition, exploration, and development of gold and base-metal exploration properties both through Company-funded and partner-funded exploration. The Company is also involved in the investment in other mineral exploration and resource companies. The Company controls over 65,000 acres of exploration ground in the Red Lake gold camp, in the province of Ontario.
The biggest percentage leader on the boards this morning, Peregrine Metals (PGN.TO) closed the day with a 220% gain after an agreement with Stillwater Mining (SWC:NYSE) to acquire all the outstanding shares of Peregrine for $3.16 per share.
Shares of Stillwater Mining took a hit on the news, closing down -22% to $18.46, the stock was trading near $24 last week just off a 52wk high. Volume was extremely high with 21M shares crossing hands, the average volume is 3M shares.
Peregrine Metals Ltd. is a Canada-based company. The Company is engaged in the acquisition, exploration and development of precious and base metal mineral properties primarily in South America. Its principal project is located in San Juan Province, Argentina and is known as the Altar Project. It is focused on the development of a bulk tonnage, copper heap leach operation at its Altar Project located in San Juan Province, Argentina.
Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals (platinum group metals (PGMs)) from a geological formation in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters.
Canada’s job numers were strong June, but it could be the last little show of strength as businesses start take on a more cautious approach heading into the rest of summer.
Statistics Canada says 28,000 workers were added in June, that is twice the number analysts were expecting. The jobless rate remains flat at 7.4 per cent, the lowest level in 2yrs.
The TSX closed down slightly in the red at 13371 on light volume of 127.95M shares traded.
Making moves on the TSX was Yellow Media (YLO:TSX), which again was seeing a double digit percentage move -10% to the downside. YLO has been a sharp downtrend over the past few months as traders try find the value area for the stock. The stock gapped down on Friday from highs near $2.70 the previous session to close at $2.40 as analysts question the future of the company. The 52wk low is at $2.04, so some bargain hunters are interested in accumulating in this range.
Yellow Media Inc., formerly YPG Holdings Inc, is a media and marketing solutions company through its network of companies that include Yellow Pages Group (YPG), Trader Corporation (Trader) and Canpages Inc. (Canpages). YPG is Canada’s media and marketing solutions company, serving Canadian businesses and consumers nationwide. The Company owns and operates Canada’s properties and publications, including Yellow Pages directories, Canpages directories, YellowPages.ca, Canada411.ca and RedFlagDeals.com.
The TSX is enjoying a green day to the tune of 13,447 +43 for the day.
Leading the gainers list is European Goldfields Ltd (EGU:TSX) with a +11% gain, topping a $2.26B market cap at todays price. The 52wk range on EGU has been 6.30 to 17.37 with volume coming in today slighty above average at 1.07M shares traded.
European Goldfields Limited is a resource company involved in the acquisition, exploration and development of mineral properties in Greece, Romania and South-East Europe. The Company is a developer-producer with gold reserves located within the European Union. The Company focuses on developing its project pipeline of gold and base metal deposits at Skouries and Olympias in Greece and Certej in Romania.
BlackPearl Resources (PXX:TSX) is trailing close behind with a 4.7% gain, trading near the close at $6.91 on above average volume of 1.25M shares traded.
BlackPearl Resources Inc. (BlackPearl) is a Canada-based oil and natural gas company. The Company is engaged in the acquisition, development and production of heavy oil and bitumen BlackPearl’s main focus is heavy oil projects in Western Canada. BlackPearl’s properties include Onion Lake, Saskatchewan, Mooney, Alberta, and Blackrod, Alberta. The Company holds working interests, ranging from 87.5% to 100%, in approximately 18 sections of land located in the Onion Lake area of Saskatchewan.
