Investors should remain long and get ready to buy on pullbacks, funds manager Sarat Sethi says.» Read More
NEW YORK, Aug 7- U.S. stocks fell in choppy trading on Thursday as a sanctions confrontation between Russia and the West kept traders eager to cash any gains. Markets kept an eye on eastern Europe as Moscow imposed a ban on imports of many Western foods, retaliating against sanctions imposed for its support of rebels in eastern Ukraine and the annexation of Crimea.
*Sees full-year adj earnings/shr $5.25 vs est $5.46. Harman International, which counts Volkswagen AG, BMW AG and Toyota Motor Corp among customers, said it would add four production lines in the year ending June 2015.
Aug 7- Harman International Industries Inc's fourth-quarter profit beat Wall Street estimates, helped by strong sales of car entertainment and home audio products.
Aug 7- Harman International Industries Inc, reported a 22 percent rise in quarterly revenue, helped by strong sales of its car entertainment and home audio products. Net income attributable to the company rose to $43.2 million, or 62 cents per share in the fourth quarter ended June 30, from $5.5 million, or 8 cents per share, a year earlier.
At these levels, "I think you're getting a rare bargain," Cramer said.
Some of Thursday's midday movers:
*Raises 2014 adj earnings forecast to $4.36/ share from $4.16. Harman won a $100 million deal with Japan's No. 3 mobile carrier Softbank Corp in February to provide Bluetooth wireless speakers, Chief Executive Dinesh Paliwal told Reuters.
*Raises 2014 adj earnings forecast to $4.36/ share from $4.16. May 1- Harman International Industries Inc raised its full-year forecast for the second time after strong sales of its infotainment systems to European luxury carmakers such as BMW and Volkswagen helped it report a better-than-expected quarterly profit.
May 1- Harman International Industries Inc reported a 32 percent rise in quarterly revenue, helped by strong sales of its infotainment systems to luxury carmakers such as BMW and Volkswagen. Net income rose to $73.4 million, or $1.05 per share in the third quarter ended March 31, from $34.9 million, or 50 cents per share, a year earlier.
Whether you’re rich as Midas, poor as a pauper or in-between, Cramer can find you a stock that fits your budget, perfectly.
To maximize profits, pros often time their buys. And Jim Cramer thinks the time to buy this stock may be rapidly approaching.
Some of Thursday's midday movers:
Technology growth stocks, consumer cyclical, discretionary and some industrials will do well, Sarat Sethi of Douglas C. Lane tells CNBC.
Sometimes a company will report a quarter that’s so revealing it changes Wall Street's entire view.
Harman International CEO Dinesh Paliwal discusses 3 divisions in its high-end speaker business that are growing internationally, and where you can find Harman products.
Thursday's midday movers
Top hedge and mutual fund managers are presenting their best stock ideas at the Value Investing Congress. Here are some of the highlights:
Harman International Industries specializes in high-end audio and stereo equipment. CEO Dinesh Paliwal, joins to discuss the company's guidance that beat the street's expectations.
The "Fast Money" traders share their final trades of the day.
Tesla stock could have farther to climb, Adam Jonas of Morgan Stanley says.