Posts for Ticker ‘MTW’

Cramer’s Week of Shotgun Merger Proposals (RTP, AA, BHP, FCX, ITW, MTW, NKE, UA, PFE, AGN)

Cramer_imageJim Cramer came on CNBC’s MAD MONEY this week with several ideas for shotgun  marriage merger proposals he wanted to throw out there where he was calling for more mergers from the cash rich companies. 

Cramer’s Friday evening picks may have gotten some interest last year or even earlier this year, but these involve two companies which have already had their fair share of merger issues and non-events this year on top of the commodity bubble bursting.  Cramer believes that Rio Tinto (NYSE: RTP) should buy Alcoa (NYSE: AA) before the antitrust powers are able to actually block mergers.  Cramer also thinks BHP Billiton (NYSE: BHP) should go buy Freeport-McMoRan (NYSE: FCX) now that the forced selling has taken the stock down to $16.00 to take over the copper and minerals mining giant.

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Posted on: December 5, 2008 – 6:52 pm in Cramer, Mergers and Buy Outs, , , , , , , , , ,

Cramer Calls For More Buyouts (JNJ, MNT, AGN, PFE, ITW, MTW, NKE, UA)

Cramer_imageOn tonight’s MAD MONEY on CNBC, Jim Cramer called for companies with high cash balances to make acquisitions while competitors are dirt cheap and vulnerable.  Yesterday, Cramer called for Pfizer (NYSE: PFE) to acquire Allergan (NYSE: AGN) now that Johnson & Johnson (NYSE: JNJ) decided to take out Mentor Corp. (NYSE: MNT) for a huge premium.  We recently pondered whether that deal really made Allergan worth less money or more money over the competition.  Allergan has been battered as many "self improvements and enhancement surgeries" are being put off because the public is having a major money pinch.  Tonight, Cramer gave two more merger candidates and suitors. 

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Posted on: December 4, 2008 – 11:43 pm in Cramer, Mergers and Buy Outs, , , , , , , ,

The 52-Week Low Club 9/4/2008 (TEX)(HL)(MTW)(CIEN)(VRSN)

Sad_clownTerex Corporation (TEX) Bad guidance. Drops to $37.12 from 52-week high of $91.21.

Hecla Mining (HL) Price of silver down. Sells off to $5.79 from 52-week high of $13.14.

The Manitowoc Company (MTW) Hurt by drop in Terex. Dips to $21.62 from 52-week high of $51.49.

Ciena (CIEN) Weak guidance. Plunges to $13 from 52-week high of $49.55.

Verisign (VRSN) Some investors still unhappy with last quarter’s numbers. Falls to $28.15 from 52-week high of $42.50.

Douglas A. McIntyre

Posted on: September 4, 2008 – 2:44 pm in HI/LOW, , , , ,

Pre-Market Stock News (November 9, 2007)

  • Allscripts (MDRX) traded down 25% after missing earnings estimates and after lower guidance for 2007 and 2008.
  • American Tower (AMT) replacing Alltel (AT) in S&P.
  • ARM Holdings plc (ARMHY) trading down about 4% pre-market.
  • Barclays (BCS) trading down 4% over rumors of credit losses and rumors of excutive departures.
  • Clearwire’s (CLWR) WiMAX offering with Sprint is being called off; shares down 15%.
  • Estee Lauder (EL) named new head from P&G; raised dividend and announced a share buyback.
  • IMAX (IMAX) -$0.19 EPS vs -$0.07 est.
  • JA Solar (JASO) traded up 5% after earnings.
  • Jones Soda (JSDA) traded down 15% after earnings
  • Manitowoc (MTW) being added to S&P.
  • Merck (MRK) settling about 1/3 of outstanding lawsuits on Vioxx for some $4.5 Billion.
  • Mirants (MIR) $1.14 EPS vs $0.84 est.; announced a $1 Billion share buyback.
  • NVIDIA (NVDA) traded up 6% after earnings and guidance, but shares were initially down in after-hours trading.
  • Priceline (PCLN) trading up over 10% after beating earnings.
  • Qualcomm (QCOM) trading down 7% after guidance disappointed.
  • Siemens (SI) announced a multi-billion Euro buyback in shares.
  • Starwood (HOT) raised dividend to rate of $0.90/year and added $1 Billion to share buybacks.
  • Wachovia (WB) taking a $1.1 Billion writedown on CDO’s; stock down 3%.

Jon C. Ogg
November 9, 2007

Posted on: November 9, 2007 – 8:29 am in Pre-Market Activity, , , , , , , , , , , , , , , , , ,

Cramer’s “Wild Bull Market Stock Picks”

Stock Tickers: DE, MON, SQM, CAT, TEX, MTW, FWLT, MDR, JEC, BA, UTX

Cramer tonight discussed where the wild bull markets are that you want to be in.  He has six bull markets.

1) Agriculture: the subsidies bring in $55 Billion in revenues to large farm companies alone. His 3 picks in this are Deere (DE), Monsanto (MON), and Sociedad QM (SQM).

2) Machinery: his pick is Caterpillar (CAT); Cramer also likes Terex (TEX) and likes Manitowoc (MTW), but he said CAT’s the best of breed pick and that’s the one he wants.

3) Infrastructure, perhaps the most wild bull market: the two cheapest after the big runs are Foster-Wheeler (FWLT) and McDermott (MDR), both of which he has been behind for large runs. All the asbestos issues are behind the companies and they are very undercovered on Wall Street.  Jacobs Engineering (JEC) is the runner up.

4) Aerospace: Cramer’s pick is Boeing (BA) as it should be up more than it is, particularly after Airbus woes.  He said he likes United Tech (UTX) but the best is Boeing and Boeing is now going north of $100.00.

Jon C. Ogg
May 29, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: May 29, 2007 – 5:28 pm in Cramer, , , , , , , , , , ,