Month: May 2017

Game Plan For The Week – Cramer's Mad Money (4/28/17)

Finances

Game Plan For The Week – Cramer's Mad Money (4/28/17)

Stocks discussed on the in-depth session of Jim Cramer’s Mad Money TV Program, Friday, April 28.

The federal government is funded through the week and Cramer felt a sigh of relief even if there was a pullback on Friday on a weaker than expected GDP number. With that he discussed his game plan for the week.

Monday

Advanced Micro Devices (NASDAQ:AMD) and Cardinal Health (NYSE:CAH) will report earnings.

Cramer is unsure what to expect from AMD after Intel (NASDAQ:INTC) slid 3% on decent earnings. “As I have repeatedly said, there is nothing wrong with the company AMD. What can I say? The market’s fallen out of love with last year’s darlings,” he added.

He will be watching Cardinal Health to note the acquisition impact of Medtronic’s (NYSE:MDT) business.

Tuesday

CVS Health (NYSE:CVS), MasterCard (NYSE:MA), Apple (NASDAQ:AAPL) and Mondelez International (NASDAQ:MDLZ).

CVS Health’s stock has been under pressure. However, it’s hard to dislike a well run company selling at 13 times earnings. Cramer said the stock is a buy if it goes down on earnings. He expects good numbers from MasterCard as competitors have reported good numbers too. If the stock is hit after earnings, buy it.

Apple reports after the close on Tuesday. “Apple’s doing so many things right. It’s making the best products, developing a deep ecosystem with a substantial service revenue stream. The upcoming iPhone release is rumored to have an array of new features that makes the smartphone more functional and easier to handle, which should boost sales and new customer numbers,” said Cramer. The company also stands to benefit from repatriation if it is implemented by the administration. “Own the stock, don’t trade it,” he added.

Wednesday

Sprint (NYSE:S), Facebook (NASDAQ:FB) and Kraft Heinz (NASDAQ:KHC) report earnings.

Cramer likes Sprint’s stock but thinks they might be pushing along and not growing. T-Mobile (NASDAQ:TMUS) CEO John Legere said he’d be open to buying the company but there may be anti-trust issues. “Any merger would lessen the competition for something that’s become a modern day necessity. You really have to own these for fundamentals, not potential deals, and if that’s the case, T-Mobile remains best of breed,” added Cramer.

Facebook reports after the close and Cramer expects good numbers from them. “I like how competitive Facebook is. If you don’t own it now, I think you might as well wait to see if we get that kind of weird sell-off that we usually get even after it reports a great number.”

Investors will be watching Kraft Heinz’s earnings as the company is looking for an acquisition. “We know, though, it takes two to tango, and I’m hard pressed to see who would possibly want to sell in that consumer packaged goods industry as the remaining players seem to have no inclination to let go of the reins,” said Cramer.

Thursday

Dunkin’ Donuts (NASDAQ:DNKN) and Activision Blizzard (NASDAQ:ATVI) will report earnings.

Dunkin’ has become a better investment compared to Starbucks as it went from $46-55. The company is executing well and has outperformed considering the US slowdown.

Activision Blizzard is a secular growth trend story. “I say the trend’s your friend. This franchise is worth buying if it gets hit,” said Cramer.

Friday

Non-farm payrolls number will be out on Friday. “If April turns out to have been a robust hiring month, and I think it will be, that gives the Fed breathing room to raise interest rates twice, and therefore the bank stocks will soar,” said Cramer.

CEO interview – Western Digital (NYSE:WDC)

The stock of Western Digital has doubled from last year’s low and they just reported monster earnings. Cramer interviewed CEO Steve Milligan to hear more about the quarter.

Milligan said that WDC is leveraged so that when things are good, they do really well. On the other hand, they are able to manage volatility better. Their products serve a diverse set of consumers and enterprises.

Cramer questioned Milligan on WDC’s joint venture with Toshiba. “The joint venture that we’ve had with Toshiba is 17 years running. I would contend that it’s probably one of the most successful technology joint ventures in the history of our industry. And so our first goal is let’s keep that joint venture healthy,” said Milligan. Although their main focus is growing their business, helping Toshiba could create an overhang.

“Rest assured, we’re going to do our very best to make sure that we protect our interests and advance not only our position, but the stakeholders that Toshiba has, and really come to a resolution that helps us to continue to be successful going forward,” he added. The company remains committed to their dividend and to deleveraging their balance sheet whenever possible.

CEO interview – AGCO (NYSE:AGCO)

AGCO reported a narrower than expected loss on Friday. Cramer interviewed president and CEO Martin Richenhagen to find out more about the quarter and his views on how Trump’s protectionist stance might affect the agricultural landscape.

Richenhagen said that sales are picking up in the US, Europe and South America. Brazil and Argentina look better than last year but France remains skeptical due to the political situation. He added that the company continues to innovate and they are introducing smaller tractors with modern designs.

When asked about Trump’s protectionist stance on steel, he said, “Placing high tariffs on non-US steel will have industry-wide implications. “For us, of course, if steel’s prices would go up because of this kind of protectionism, it wouldn’t be so good because finally our customers would have to pay. So that’s true for all of us, for the whole industry. The move would benefit the steel industry but is not really a great strategy to implement tariffs without explicitly informing consumers of their effects. All kind of protectionism finally has to be paid for,” he said.

CEO interview – BioMarin Pharmaceuticals (NASDAQ:BMRN)

The stock of BioMarin is up 15% to date. Cramer interviewed chairman and CEO JJ Bienaime to hear about the $486,000 drug Brineura.

Cramer questioned Bienaime about the sky-high price of Brineura. “Obviously, the system will have to determine that. But I would say that CLN2, the disease that Brineura is being used for, is an absolutely devastating neurodegenerative disorder for which, unfortunately, the patients will lose their life, most of the time by age 12,” said Bienaime.

CLN2 is also known as Batten disease, that affects 1,200-1,500 patients worldwide with 20 new patients in the US. The disease starts with unexplained seizures and by age 7-8 most lose their ability to walk, talk and see. Most affected patients are on federally funded programs like Medicaid which brings down the drug’s price to $486,000.

“The cost of manufacturing Brineura per year is north of $100,000 per year per patient. The efforts are underway at BioMarin to offer free genetic tests for young patients with unexplained seizures,” said Bienaime. “Nine out of 10 drugs that get into clinical development, that means being tried in humans, never make it to the market, so the failure rate is extremely high,” he added. This drives up operational costs and that reflects in the drug pricing.

“I think, hopefully, if there is any kind of regulations coming around health care, that they will make sure that those regulations protect innovation and protect innovative biotech companies. And biotechnology is one of the only industries left where the U.S. is a leader in the world and we hope it will stay that way,” concluded Bienaime.

Viewer calls taken by Cramer

Costco (NASDAQ:COST): They have all issues under control. Buy half now and half at lower price.

Walgreen Boots Alliance (NASDAQ:WBA) and Rite-Aid (NYSE:RAD) deal: Cramer thinks the deal will not close.

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Environmentalists, Coal Companies Rally Around Technology To Clean Up Coal – NPR

Technology

Environmentalists, Coal Companies Rally Around Technology To Clean Up Coal – NPR

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Coal is piled up at the Gallatin Fossil Plant in Gallatin, Tenn.

Mark Humphrey/AP

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Mark Humphrey/AP

Coal has long had a grip on American politics. That’s why politicians worry about its fate. They tout the fossil fuel’s contribution to the U.S. economy, but lately they’ve also been trying to find a way to clean up coal’s image.

President George W. Bush said in his 2008 State of the Union address, “Let us fund new technologies that can generate coal power while capturing carbon emissions” — emissions that contribute to global warming. That same year, candidate Barack Obama visited coal country in Virginia and said this about cleaner coal: “We figured out how to put a man on the moon in 10 years. You can’t tell me we can’t figure out how to burn coal that we mine right here in the United States of America and make it work. We can do that.”

And now President Trump is on board the coal train, saying recently: “My administration is putting an end to the war on coal. We’re going to have clean coal, really clean coal.”

Right now, burning coal contributes more carbon dioxide to the atmosphere than any other industrial process. There is technology to strip the CO2 from coal and bury it or use it elsewhere, either before the coal is burned or after. The federal government spent 20 years and billions of dollars to make it work. The result: just two commercial power plants in the U.S., both heavily subsidized. One is the Petra Nova plant in Texas that Energy Secretary Rick Perry visited last week in a show of support. The other is in Mississippi and has yet to open officially.

But two groups usually at odds with each other — environmentalists and coal companies — want “carbon capture” to succeed.

David Hawkins of the Natural Resources Defense Council says it’s just common sense. There are thousands of coal plants around the world. Many were recently built, and over a thousand more are planned. “How likely is it that governments are going to shut down a power plant that’s only 10 years old that might have cost a billion and a half dollars or more to build?” he asks.

Hawkins says it’s likely that most of them will be running for decades. “And if they put all that carbon pollution into the atmosphere,” he predicts, “it’s inevitably going to bust the budget for a safe climate.”

That’s also the conclusion of the Intergovernmental Panel on Climate Change, which advises the United Nations. The IPCC predicts that without carbon capture, the goal of keeping the planet from warming more than 2 degrees Celsius above pre-industrial levels won’t be met. That goal was set at the Paris climate conference in December 2015.

Several other environmental groups, such as the Environmental Defense Fund and the Clean Air Task Force, agree. And last February, some of them sent a letter to Congress pushing for tax breaks to help coal plants capture carbon. Their co-signers included heavyweights in the coal industry — Peabody Energy, Cloud Peak Energy and Arch Coal.

From the industry’s perspective, pollution controls, natural gas and renewables are killing coal.

Richard Reavey of Cloud Peak Energy says “climate-friendly” is the future — like it or not. “You know, here’s the deal,” he says. “The time for discussing, debating the science of climate change is over. It is a political and social reality.”

Reavey says it’s now a matter of choosing which technology to use to cut carbon emissions from coal before more coal jobs are lost. “And I don’t think it is reasonable, appropriate, just or politically smart to say, ‘We’ll do that after we kill the coal industry,’ ” he says, along with tens of thousands of good jobs in that industry.

There are still plenty of environmental groups that want to see coal disappear. Charles Cray at Greenpeace says carbon capture is a political tool. “It’s been the technology that’s been used to justify trying to prop the industry up for a while,” he says.

Cray argues that taxpayers’ money should go for renewable energy rather than a technology to extend the life of fossil fuels

Carbon capture does add significant costs to a coal plant. Some costs can be recovered by selling CO2, which is used to pump up oil from hard-to-reach reservoirs. But large-scale use of carbon capture would require a network of pipelines to move captured CO2 to geologic burial sites.

Nonetheless, this cooperative effort by environmental groups and coal companies has allies in Congress. Republicans have introduced a bill in the Senate to give carbon capture helpful tax breaks. The House of Representatives is taking up its own version. And Perry’s visit to Petra Nova shows that some people in the pro-coal Trump administration are paying attention.

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Go To Comcast – Cramer's Lightning Round (4/28/17)

Finances

Go To Comcast – Cramer's Lightning Round (4/28/17)

Stocks discussed on the Lightning Round segment of Jim Cramer’s Mad Money Program, Friday, April 28.

Bullish Calls

Halliburton Company (NYSE:HAL): Cramer is not giving up on the company. He’d be a buyer at $42-43.

Agilent Technologies (NYSE:A): They had a great quarter. Buy the stock as it can win both on acquisition and earnings.

Bearish Calls

Royal Dutch Shell (NYSE:RDS.A): Their last acquisition was not good. Chevron is a better pick.

BOFI Holding (NASDAQ:BOFI): It’s a risky stock. Cramer prefers JPMorgan (NYSE:JPM).

Boingo Wireless (NASDAQ:WIFI): “No. Look, I mean, I know I work for this company, but if you go through the Wi-Fi part of the Comcast (NASDAQ:CMCSA) call, I mean, it’s just so positive. Comcast is not expensive, gigantic cash flow growth – that’s where you’re going to go.”

Cray Inc (NASDAQ:CRAY): Cramer doesn’t find real edge there.

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With Obama, Clinton gone, GOP revives Pelosi as boogeyman – The Bozeman Daily Chronicle

Politics

With Obama, Clinton gone, GOP revives Pelosi as boogeyman – The Bozeman Daily Chronicle

ATLANTA (AP) — Move over Barack Obama and Hillary Clinton, Republicans have a new campaign boogeyman. Well, sort of new.

It’s more of an encore for Nancy Pelosi, the 77-year-old House Democratic leader who spent four years as the nation’s first female speaker, lost her majority in 2010 and now wants the gavel again. In that quest, the California lawmaker and fundraiser extraordinaire finds herself as the GOP’s preferred face of a Democratic Party trying to upend Republicans’ monopoly control in Washington.

Republicans are testing their approach in a pair of special House races where the specter of a second Pelosi speakership is intended to excite — or scare — Republican voters and sway independents enough to counter surging opposition to President Donald Trump. And the strategy could be a defining theme of the 2018 midterm elections.

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“Nancy Pelosi and liberal politicians are flooding into Georgia to try and stop our Republican majority,” a national GOP television spot blares in a suburban Atlanta congressional district where 30-year-old Democrat Jon Ossoff nearly won a multiparty primary outright.

Ossoff still could claim a June runoff victory that would jolt Washington, and his opponent, Republican Karen Handel, warns he’d be Pelosi’s “rubber stamp.”

In Montana, a grainy black-and-white television image of Pelosi greets voters mulling another Democratic upset bid. “Rob Quist talks folksy, but his record is more Nancy Pelosi than Montana,” a voiceover warns of the singer-turned-candidate.

Trump himself has joined in. “Ossoff is funded by Nancy Pelosi,” who wants “to land a blow against my presidency,” reads a fundraising email the president signed on Handel’s behalf.

And when the U.S. Chamber of Commerce endorsed Handel, the organization’s political chief, Rob Engstrom, bemoaned Pelosi’s “failed legacy as speaker.”

Pelosi has proven effective as a prolific fundraiser and a leader capable of rallying Democrats to deliver major legislation for then-President Barack Obama. As speaker, she muscled through the 2010 health care law and the Dodd-Frank financial overhaul — complex laws the likes of which her Republican successors have been unable to handle.

Pelosi frames the attacks as proof Republicans have no affirmative case. “It shows the bankruptcy of their own initiatives,” she said recently on NBC’s “Meet the Press” when shown ad clips.

Ossoff calls them “tired” and repeated his pledge to be independent. Reminded that Pelosi and other House Democratic leaders held a fundraiser for him in Washington on March 16, he said, “I’m a Democrat running for Congress.”

The coordinated GOP assault certainly resonates with voters like Matt West, a Georgia financial planner. West, 45, says his first-round vote for Handel wasn’t about her or Trump, but about national Democrats. “I just don’t believe that he’d stand up to Nancy Pelosi if the district wanted him to,” West says of Ossoff.

Some Democrats say Pelosi and other party leaders walk into stereotypes about liberals, making it harder to argue that Trump and Republicans hurt middle-class households.

“It gets very difficult when most of our leadership, almost exclusively, are coastal. That’s an issue,” argues Rep. Tim Ryan, D-Ohio, who unsuccessfully challenged Pelosi for minority leader last fall.

Former Rep. John Barrow of Georgia, a Democrat, argues the dynamics reflect gerrymandered districts and a campaign process that punishes moderates. Democrats will likely have to win some of those Republican-friendly districts to net the two dozen House seats they’d need for a majority.

Barrow weathered the 2010 Republican onslaught but ultimately lost in 2014, after years of Republicans branding him as an Obama-Pelosi tool — though he never voted for Pelosi as speaker, instead casting symbolic votes for civil rights leader John Lewis, another Georgia congressman.

“Both parties are tightly in the grip of the most partisan voters,” which necessarily yields a more extreme Congress, Barrow said. “I can’t tell you how many folks I had tell me, ‘John, you’d be our man for the job, but I just can’t do anything to support Obama and Pelosi.'”

Republicans have long caricatured Pelosi, who hails from a liberal San Francisco district, just as Democrats have used polarizing GOP figures like Sarah Palin and Senate Majority Leader Mitch McConnell to raise money and excite loyal liberals.

The difference this time, though, is Republicans having to navigate through the politics created by their own uniquely polarizing president by making Pelosi an almost singular counter now that Obama is out of office.

Trump lost the national popular vote by almost 3 million, and he has Gallup job approval ratings lower than any recent president so early in his tenure. Republicans also attribute to Trump the national fundraising deluge for Ossoff, who’s on track to collect more than $10 million ahead of his June 20 runoff, and with the surprisingly close GOP victory margin in an April special House election in Kansas.

As Barrow, the former Georgia congressman, noted, the Pelosi effect is concentrated with a House congressional map drawn by many GOP-controlled legislatures that created more districts where she is an easy target.

“Trump may not be that popular here,” said Georgia Republican Greg Williams, who backed Handel’s top GOP opponent. But naming Pelosi, he said, is “a dog whistle for conservatives.”

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EDITOR’S NOTE — Associated Press writer Bill Barrow is not related to former Rep. John Barrow.

___

Follow Barrow on Twitter at https://twitter.com/BillBarrowAP.

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