The markets continued their epic run Monday. But amid the record highs, many of the once popular investments found themselves dealing with their fair share of struggles (Teva Pharmaceutical Industries Ltd. (TEVA) and Berkshire Hathaway Inc. (BRK.A) we're looking at you), so its tough to tell right now when there is a buying opportunity and when a stock is really doomed.
Well, our fearless leader, Jim Cramer is out with his list of stocks that have taken an undeserved beating. While I may not agree with all of them, and frankly, its not my job to agree to or disagree with people that have made stock-picking and trading strategies a full time job, what I can glean is that there are a few stocks that really have the world ahead of them but have been taken down by a world of confusion. From our offices at 14 Wall Street we'll try to have a little more perspective.
FedEx Corp. (FDX) , for one, described as "the kings of e-commerce" by Cramer, watched its stock fall almost $12 apiece after reporting what for all intents and purposes was a stellar quarter. So what gives? Well, according to Cramer its a combination of poor signals from the charts (something that isn't always telling) coupled with a stock that has had a relatively strong run-up (there is more room to run, Cramer says) and the hacking worries, which basically confused a lot of people when the company reported strong earnings. In short, "a great opportunity," Cramer said.
In the tech space, where cheap buys are hard to come by, Cramer like Texas Instruments Inc. (TXN) and Intel Corp. (INTC) , among others. Both companies are playing hard in the Internet of Things, Texas Instruments with its auto parts manufacturing chips and Intel with its IoT chips for automated driving (see the recently completed acquisition of MobilEye Corp., which TheStreet recently discussed in an exclusive interview with Intel's CEO). With rumors now swirling that Apple Inc.'s (AAPL) Apple Watch will have calling capabilities there is even more reason to love Intel.
Meanwhile, Boeing Co. (BA) , watched its shares tick higher yet again Monday, as news made its rounds that the airline manufacturer had sold a pair of airliners to the United States Air Force. While the order is small potatoes for the iconic American company, it displays how the company has managed to turn President Donald Trump into an ally after he blasted the company in February.
From roaring buy signals to screaming warnings signs we look to the most high profile IPO of the 2017 calendar year in Snap Inc. (SNAP) . The self-described camera company (I just can't get enough of that moniker) has seen its stock rise slightly in recent days, but as it preps to report earnings this week Wall Street is prepping for another bloody quarter.
For one, Snap is expected to see its losses widen as stock compensation expenses and outlays to build out the platform take their toll. Meanwhile, Facebook Inc.'s (FB) Instagram continues to steal eyeballs which means that Snap's user growth, something it touted in its pre-IPO paperwork could also be lackluster. Its a cocktail for disaster at the Los Angeles-based company. TheStreet's Brian Sozzi opines the stock is destined for the toilet.
Before I let you go, I'll mention the latest potential activist target from our sister publication The Deal, which has made coverage of the insurgent community a part of its core focus. Keep your eye out for raiders at Ruby Tuesday Inc. (RT) , as the company's real estate portfolio is worth more than the company itself.
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Photo of the Day: Ground Control to Major Tom
Cedar Rapids, Iowa-based aerospace and communications company Rockwell Collins Inc. (COL) , the company responsible for much of the communications systems used by NASA, finds itself in the crosshairs of a potential takeover from United Technologies Corp. (UTX) . The company traces its beginnings back to 1933 when Arthur Collins created the Collins Radio Co., to produce short wave radio equipment. Collins Radio eventually grew its offerings to include flight control instruments, radio communication devices and satellite voice transmissions, and was acquired by Rockwell International in 1973, where it would stay until being spun-off into its own company again in 2001. Above are U.S. astronauts Neil Armstrong, Edwin "Buzz" Aldrin and Michael Collins pictured in the control panel of the lunar module the day before launch on July 15. Armstrong would utter the famous phrase, "That's one small step for man, one giant leap for mankind" on a Collins radio system. Read more
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