Jim Cramer Blog

WellPoint (WLP) is the best way to play the coming surge in healthcare stocks, Jim Cramer said Thursday on CNBC's "Stop Trading!" program.
"This move is going to be gigantic," Cramer said, urging viewers to "pull the trigger" on stocks ranging from the HMOs to the drug makers to the biotechs. Cramer said the group is about to move higher now that the market's "penance" off the Democrats' election victory is complete.
Cramer said he also likes Cardinal (CAH) off Thursday's buyback plan.
Cramer doesn't like Zumiez (ZUMZ), the sneaker maker that is up 7% Thursday off a strong same-store sales showing. Cramer said he prefers Nike (NKE), which has a buyback in place and should produce more consistent results than Zumiez.
Cramer also doesn't like Morgans Hotels (MHGC), which he calls a "complete disappointment" regardless of whether some analyst believes it will go to 26 from a recent 14.

Labels: Jim Cramer, Jim Cramer's Stop Trading

The government warned on Thursday of a possible Internet attack on U.S. stock market and banking Web sites from a radical Muslim group, but officials said the threat was unconfirmed and seemed to pose no immediate danger.
The notice was issued to the U.S. cybersecurity industry after officials saw a posting on a "Jihadist Web site" calling for an attack on U.S. Internet-based stock market and banking sites in December, said Homeland Security Department spokesman Russ Knocke.
There is no information corroborating the threat, Knocke said, adding that the alert was issued "as a routine matter and out of an abundance of caution. There is no immediate threat to our homeland at this time."
Another government official said the threat had appeared on a Web site that called for Muslims to destroy American economic sites. The attacks were to be retaliation for the holding of Muslims at the U.S. prison at Guantanamo Bay, Cuba, which houses prisoners accused of ties to terrorist groups.
The attacks were to be conducted in December, "until the infidel new year," the site said, according to a U.S. government translation. It called for attackers to use viruses that can penetrate Internet sites and destroy data stored there.

AMD (NYSE:AMD - News) has received a subpoena from the U.S. Department of Justice (DOJ) Antitrust Division in connection with the DOJ's investigation into potential antitrust violations related to graphics processors and cards. AMD entered the graphics processor business following the company's acquisition of ATI Technologies, Inc. last month (October 25, 2006). The DOJ has not made any specific allegations against AMD or ATI. AMD intends to cooperate with the investigation.

Labels: Advanced Micro Devices Inc., AMD

Apple Computer Inc. has asked for a patent to protect a planned device combining a mobile phone with its iPod music player, according to reports Thursday.
With the public revelation of the patent application, which was filed in August, Cupertino-based Apple (NASDAQ:AAPL - News) fueled expectations that it may soon may sell a so-called iPhone.
Analysts have expected CEO Steve Jobs to branch out into an iPod-related line, capitalizing on the device's intense popularity, and speculated recently that an iPod may be in the works that merges a phone and adds up to $1.5 billion to the company's annual sales.
Published November 30, 2006 by the Silicon Valley/San Jose Business Journal

Labels: AAPL, Apple Computer Inc., iPhone, iPod

Microsoft Corp.'s Zune digital music device ranked No. 58 on the list of Amazon.com's best-selling electronic devices on Thursday, trailing such devices such as record turntables and a digital picture frame.
On Thursday afternoon, the $240 Apple 30-gigabyte iPod video player was the No. 1-selling electronic device at Amazon.com, followed by the $149 Apple two-gigabyte iPod Nano device and the Canon PowerShot SD600 digital camera. Six of the Seattle-based online retailer's (NASDAQ: AMZN - News) top eight-selling electronic devices were made by Microsoft rival Apple Corp. A device that holds a Nano player to one's sleeve was outselling the $239 Zune player, as was a package containing 50 Memorex CD-R disks.
Officials at the Redmond software giant (NASDAQ: MSFT - News) said Zune's wireless capability, which is unavailable on the Apple product, will set it apart.
"Zune is all about changing the game to make music more social, and at launch we are just scratching the surface of how wireless technology is going to enable social interaction in the future," said Bryan Lee, corporate vice president of Entertainment Business at Microsoft, at the product's Seattle launch on Nov. 13.
Published November 30, 2006 by the Puget Sound Business Journal

Labels: AAPL, AMZN, Apple Computer Inc., iPod, Microsoft Inc., MSFT, Zune

H.J. Heinz Co., which makes ketchup and a range of other foods, said Thursday its fiscal second-quarter profit slipped 6 percent, reflecting a higher tax rate and the impact of discontinued operations.
But the Pittsburgh-based company said revenue grew by about 3.5 percent, led by U.S. ketchup sales, and that it had raised its fiscal 2007 earnings outlook.
Heinz's chairman, president and chief executive, William R. Johnson, said the results showed the effects of a growth plan introduced June 1, when Heinz was embroiled in a proxy fight with dissident investors led by billionaire Nelson Peltz.

Labels: H.J. Heinz Co., HNZ

Proposals by congressional Democrats to eliminate oil industry tax breaks and subsidies would set a bad example overseas and discourage new industry investments, Exxon Mobil's top executive said Thursday.
Rex W. Tillerson said moves suggested by leaders of the incoming Democratic congressional majority would encourage similar steps by governments abroad, where Exxon Mobil Corp. generates the bulk of its profit.
"I think the bigger concern I have is not so much the economic direct effect of the fact that they want to take a tax break off here or there. But it's the message it sends the rest of the world that you don't have to provide stable (regulatory) frameworks," Tillerson told reporters after a speech to the Boston College Chief Executives' Club.
"And if that happens, none of us are going to be able to take the risk in this business."
Irving, Texas-based Exxon Mobil, the world's largest publicly traded oil company, earns about two-thirds of its profit from oil and natural-gas production outside the United States, and production is rising in Africa, the Middle East and Russia.
Of course he is opposed to ending these breaks. He runs the most profitable company in the world.

Labels: democrats, Exxon Mobil Corp., XOM

TheStreet.com (NASDAQ: TSCM - News) today announced that Jim Cramer will give up his syndicated radio show after tomorrow to focus on multimedia and TV production for TheStreet (NASDAQ: TSCM - News).
The news has the stock hopping today, almost as if it was recommended by, well, Jim Cramer.
The Street likes the news, too. Willam Morrison, an analyst with JMP Securities, wrote in a research note this morning that “the fact that Cramer is reallocating his time to improving TheStreet.com’s [video] offering underscores his commitment to the company and should ease any misguided apprehensions among investors about his commitment to TheStreet.com.”
Morrison also thinks that Street concerns that the company will show a sequential decline in page views in the fourth quarter is mistaken: he asserts that page views were up 20% in November from October, and up 70% from November 2005.

Labels: Jim Cramer, Mad Money, TheStreet.com, TSCM

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Cheesecake Factory (NASDAQ:CAKE - News) reported after the close Thursday beating with $0.30 EPS vs. an expected $0.28.
McData (NASDAQ:MCDTA - News) missed earnings posting a loss of -$0.03 EPS vs. an expected -$0.02.
H&R Block (NYSE:HRB - News) missed earnings after the bell Thursday, announcing $-0.49 EPS vs. an expected -$0.32 by analysts.
General Growth Properties Inc. (NYSE:GGP - News) target raised to $59 from $52 by A.G. Edwards.
Continue to watch General Motors (NYSE:GM - News) as Kirk Kerkorian's Tracinda Corp. continues to unload shares.
Kellwood (NYSE:KWD - News) reports earnings early Friday before the bell; look for $0.63 EPS.
Warner Music Group (NYSE:WMG - News) announces quarterly earnings Friday morning, with analysts expecting the co to break even ($0).
PowerRatings are courtesy of PowerRatings.net

Labels: CAKE, GGP, GM, HRB, KWD, MCDTA, WMG

I HAVE JUST SPENT SEVERAL HOURS TRYING TO MAKE SENSE OUT OF VARIOUS NEWS REPORTS FROM TELEVISION NETWORKS AND NEWSPAPERS REGARDING THE SALE OF NEW AND EXISTING HOMES.

I HAVE RELUCTANTLY COME TO THE CONCLUSION THAT EITHER THE NEWS IS BEING WRITTEN BY HOPELESS AMATEURS WHO DO NOT AT ALL UNDERSTAND WHAT IT IS THEY ARE WRITING ABOUT – OR, MORE LIKELY, SOME OF THE PEOPLE IN THE NEWS BUSINESS THINK IT WILL CAPTURE AND HOLD MORE READERS AND VIEWERS IF THEY SIMPLY MAKE UP BAD STORIES ABOUT HOUSING AND SCARE THE DICKENS OUT OF PEOPLE.

I have been at this for 40 years now, and I can tell you with certainty that my old bosses of long ago would have torn up the garbage that has been put in print and on the air this week. They would have handed those writers a couple of clean sheets of paper and told them to go back to their desks (and typewriters) and get the story straight and true.

I want you to bear with me while I spell out the actual moderately bullish picture of housing that has emerged this week. And then I will go back to give you some samples of the nonsense being peddled by confused (and confusing) fear-mongers in the popular media. By the way, the stock market for the most part ignored the hysterical babble coming from TV screens. They went right to the heart of the real numbers. Housing stocks actually began to rise on the news, befuddling the so-called analysts on TV. I admit that pleased me to no end and made me smile.

Now let’s you and I review the good news on housing. THE NATIONAL ASSOCIATION OF REALTORS ANNOUNCED THAT THE NUMBER OF EXISTING HOMES SOLD LAST MONTH TICKED UP TO 6.24 MILLION.

That was up from 6.21 million the month before. The number was significantly above the 6.14 million sales pace predicted by economists. You may recall that Fed Chairman Ben Bernanke suggested earlier this year that he expected the number of homes sold to decline moderately this year and bottom out by the first of January. My own studies reached the same conclusion and I have consistently urged readers not to panic as housing went through this procession of digestion.

THE NATIONAL ASSOCIATION OF REALTORS REPORTED THAT THE AVERAGE PRICE OF AN EXISTING HOME SOLD IN OCTOBER WAS $221,000 – THE SAME AS IN SEPTEMBER. Wachovia economist Phillip Neuhart says: “The one month gain in existing home sales may or may not project the beginning of a turnaround in the pace of sales. But it can be characterized as a sign that the overall real estate market is at least stabilizing.” (End quote.)

David Lereah, chief economist for the National Association of Realtors, says: “The demographics of our growing population, historically low and declining mortgage rates, and healthy job creation mean the wherewithal is there to buy homes in most of the country, but most buyers remain on the sidelines. More confidence in the market and a lift to home sales should become more apparent in the first quarter of 2007.” (End quote.) Now that is what I call a truthful and penetrating review of the housing outlook. Too bad the folks in the media do not spend more time interviewing him and capturing his wisdom, instead of offering their readers and viewers their own often-worthless observations and predictions.

Now let’s move on to the topic of existing home prices. The median price of an existing home sold this October was $221,000 – the same as the median price in September. I heard a lot of confusing mish-mash on TV about how this was the worst year-over-year drop in home prices in years. I have no idea what made them say this. I looked up the report that came out exactly one year ago. It showed a median price of $218,000 in the month of October, 2005. We were UP $3000. I mentioned earlier that the media was ranting about price declines. Well, one big, popular TV network claims that existing home prices fell 3.5% year over year, the biggest decline since 1990. In fact, they said it was the only year-over-year decline in all this time.

I have two comments about their report. First, they may be mistaking the all-time high price of $230,000 in July 2006 with a year-over-year decline. If so, I cannot imagine why. Year-over-year means October to October. Any mid-year blip is never recorded as year-over-year, and here it was not even a year earlier number… it was more like five months.

And secondly, given that this October’s median price was higher than that of a year ago, I do not have a clue why they are talking about a decline. One more bit of caution: just as I predicted, people are opting for smaller homes and this by itself in the case of new homes can lower the median sales price posted. But it is misleading to call that an actual price decline. Sooner rather than later, Wall Street and the Financial Establishment are going to be forced by economic reality to admit that the housing market is not falling off of a cliff. A lot of people these days are super bearish on the U.S. economy and the stock market – mainly because of their negative expectations for the housing market. When they find out they are wrong, they are going to be forced to reverse course and admit their mistakes. Some of them will no doubt hang on as long as possible to their negative fantasies. They will only set themselves up to miss out on further wealth building gains in business, stocks and housing. More next week.

Labels: Existing Home Sales, Real Estate

Wal-Mart Stores Inc. issued a sobering warning for the holiday shopping season Thursday, predicting its December same-store sales gain would be no better than 1 percent.
The news, coupled with Wal-Mart's expected announcement that it suffered its first same-store decline in more than 10 years during November, came as the nation's retailers reported an overall mixed sales performance for the month. Same-store sales reflect business at stores open at least a year and are the industry standard for measuring a retailer's strength.

Labels: Wal-Mart, Wal-Mart Stores Inc., WMT

Pfizer Inc., the world's largest drugmaker, on Thursday raised its earnings guidance for the year and forecast a number of late stage products would emerge from its pipeline in the coming years.
Its shares rose 62 cents, or 2.3 percent, to $27.69 in midday trading in the New York Stock Exchange.
The company raised its adjusted earnings-per-share forecast to a minimum of $2.05, from an earlier forecast of $2. Without adjustments, the company expects earnings at least $1.68 per share.
Analysts surveyed by Thomson Financial expect adjusted earnings per share of $2.02 for the year.

Labels: pfe, Pfizer Inc.

Pfizer Inc., the world's largest drugmaker, on Thursday raised its earnings guidance for the year and forecast a number of late stage products would emerge from its pipeline in the coming years.
Its shares rose 62 cents, or 2.3 percent, to $27.69 in midday trading in the New York Stock Exchange.
The company raised its adjusted earnings-per-share forecast to a minimum of $2.05, from an earlier forecast of $2. Without adjustments, the company expects earnings at least $1.68 per share.
Analysts surveyed by Thomson Financial expect adjusted earnings per share of $2.02 for the year.

Labels: pfe, Pfizer Inc.

Labels: AAPL, angioplasty balloons, ARNA, COP, CSCO, CVX, Jim Cramer, Mad Money, XOM

New York Times (NYSE: NYT - News) and Tribune (NYSE: TRB - News) - Cramer would use the news of Hank Greenberg's purchase of NYT stock as an opportunity to sell, since the company has two classes of stock which will " stop just the kind of maneuvering that is being done now to get The Times to do something to make itself more profitable," Cramer said. "So, why try to force a takeover when you can't?" With its A class and B class shares, NYT is like a "a private institution masquerading as a public stock," comments Cramer, who says that Greenberg would be more successful buying a university. Cramer takes the extension on the sale of Tribune's newspaper as a sign that it doesn't generate cash flow; "The private equity guys will ditch the papers fast, bring TV public quickly and sell the Cubs for much more than Tribune would know how to." Cramer also criticized Tribune's "stupid, highly leveraged buyback."
Related: Lon Juricic notes the jump in NYT's shares on the news of Hank Greenberg's purchase.
Something's Brewing: Anheuser-Busch (NYSE: BUD - News) - Contrary to popular belief, BUD says that it is not in decline, and after finding that the news was better than he expected, Cramer agrees. Although The Wall Street Journal reported problems in the BUD's international brewing, Cramer points out another article mentioned the stock was up 75 cents after reiterating its earnings-per-share growth projections. "Buy it today, the press got it wrong," he said.
Bogus Perceptions: Verizon (NYSE: VZ - News) and Tiffany (NYSE: TIF - News) - In spite of the "bogus perception" that Verizon is clueless and is spending too much money on wireless, Cramer comments Verizon is a "low-risk stock to play some really terrific stuff," such as its mobile deal with YouTube, its ringtone downloading business and "terrific" dividend. Another "bogus" idea is that oil's rise is behind recent selloffs, but Cramer pointed out that both oil and the market are up, and the real culprit is in an "incredible amount of shorting" by hedge funds. For example, hedge funds were bearish on Tiffany on Monday because of talk about its weakness in Japan. However, the U.S. business has compensated for this weakness and the stock is up.
Related: Steven Towns discusses Tiffany's comments on its Japanese business.
Bullish calls:
McGraw-Hill (NYSE: MHP - News): Cramer called MHP a "phenomenal" diversified stock with the the "best business model of any media company," and recommends buying up to $67.Level 3 Communications (NASDAQ: LVLT - News): Cramer likes this company better than CHTR.Johnson & Johnson (NYSE: JNJ - News): JNJ has a "fantastic story," says Cramer, and has been unjustifiably hammered because of its stent business.Schering-Plough (NYSE: SGP - News): The credit belongs to CEO Fred Hassan, a "bankable guy" who has improved SGP "brick-by-brick."Companhia Vale do Rio (NYSE: RIO - News): "Don't sell it here, it's too darn cheap."
Neutral/Bearish calls:
Charter Communications (NASDAQ: CHTR - News): This company needs to refinance its debts so its shareholders can make money.Novartis (NYSE: NVS - News): This stock is not best-0f-breed, according to Cramer, who prefers JNJ and SGP.
Published By SeekingAlpha

Labels: CGTR, Jim Cramer, JNJ, LVLT, MHP, NVS, Real Money, RIO, SGP

Citigroup (NYSE: C - News) and Bank of America (NYSE: BAC - News): Comparing C with BAC, Cramer says that BAC is a stock and C is a bond, and while he credits Citi CEO Chuck Prince on the regulatory front, he finds fault with him as a banker. Cramer predicts that that stock would go up 10% if Prince would leave.
Apple (NASDAQ: AAPL - News): Cramer calls Apple the "buy of the century" at $90 and thinks that the iPhone will corner the profitable ring tone market. "Buy the heck out of Apple," he said.

Labels: Jim Cramer, Jim Cramer's Stop Trading

Here are 7 stocks to watch for today. This list comes directly from the TradingMarkets Stocks Indicators page.
Stocks Ready to Surge: These are the stocks that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals.
Bank of America (NYSE:BAC - News). BAC's PowerRating is 6.
Low-Priced Stocks Ready to Surge: These are the stocks under $10/share that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals. Please note: All stocks carry risk and low-priced stocks usually come with even more risk. Always use caution.
Mediacom Communications (NASDAQ:MCCC - News). MCCC's PowerRating is 6.
Pullbacks from Highs: Most successful momentum-based traders and money managers like to buy strong stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 30 (in weak or choppy markets there will be fewer) of the strongest stocks that have pulled back from recent highs. These stocks should be considered potential candidates to resume their longer-term up trends.
Advanced Magnetics (NASDAQ:AMAG - News). AMAG's PowerRating is 7.
Long Windows Candidates: These are stocks which are in a strong uptrend, as determined by a proprietary trend filter and whose current bar has its high below the 4-day moving average. Historically, these stock on average have had a larger than normal short-term upside reversals. In order to qualify as a Trading Window candidate, we must have a 10-period ADX reading of 30 or higher and a +DI reading above the -DI reading. Or we must have a 14-period +DI of 30 or higher (with no ADX reading required). Single Windows are the most common type of Windows. They are simply a single bar which has its high of the day below the 4-period moving average.
American International Group (NYSE:AIG - News). AIG's PowerRating is 6.
Stocks Ready to Drop: These are the stocks that today made new 10-day highs that are still in an downtrend as they are trading below their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term downside reversals.
Arch Coal (NYSE:ACI - News). ACI's PowerRating is 3.
Pullbacks from Lows: Most successful momentum-based traders and money managers like to sell weak stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 20 (in strong or choppy markets there will be fewer) weak stocks that have pulled back from recent lows. These stocks should be considered potential candidates to resume their longer-term downtrends.
Sierra Health Services (NYSE:SIE - News). SIE's PowerRating is 4.
Short Windows Candidates: These are stocks which are in a strong downtrend, as determined by a proprietary trend filter and whose current bar has its low above the 4-day moving average. Historically, these stock on average have had a larger than normal short-term downside reversals. In order to qualify as a Trading Window candidate, the 10-period ADX must be 30 or higher and the -DI must be greater than the +DI. Or we must have a 14-period -DI reading of above 30 (with no ADX reading required). Single Windows are the most common type of Windows. They are simply a single bar which has its low of the day above the 4-period moving average.
Capital One Financial (NYSE:COF - News). COF's PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net

Labels: ACI, AIG, AMAG, BAC, COF, MCCC, SIE

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Under Priced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
GuessInc. (NYSE:GES - News) Jan 70.0. GES' PowerRating is 6.
Most Under Priced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Novartis AG (NYSE:NVS - News) Jan 60.0. NVS' PowerRating is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Bank of America Corp. (NYSE:BAC - News) Jan 55.0. BAC's PowerRating is 6.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
FrontlineLtd. (NYSE:FRO - News) Jan 35.0. FRO's PowerRating is 5.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Oracle Corp. (NASDAQ:ORCL - News). ORCL's PowerRating is 6.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggestsan extraordinarily negative earnings report, or other news which may negatively affect the stock.
CBS Corp. (NYSE:CBS - News). CBS' PowerRating is 6.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
EMC Corp. (NYSE:EMC - News). EMC's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: BAC, CBS, EMC, FRO, GES, NVS, ORCL

Jim Cramer, host of the nationally syndicated radio show "RealMoney with Jim Cramer," will go off the air on Dec. 1 to focus on developing more video and multimedia programming for TheStreet.com, the financial Web site he co-founded in 1996.Mr. Cramer has been the host of the wildly successful CNBC show "Mad Money," since March 2005 and Some published reports say that he is ending his CBS Radio show to join CNBC.com, which is scheduled to launch as an independent site on Dec. 4.

Jim Cramer, host of the nationally syndicated radio show "RealMoney with Jim Cramer," will go off the air on Dec. 1 to focus on developing more video and multimedia programming for TheStreet.com, the financial Web site he co-founded in 1996.Mr. Cramer has been the host of the wildly successful CNBC show "Mad Money," since March 2005 and Some published reports say that he is ending his CBS Radio show to join CNBC.com, which is scheduled to launch as an independent site on Dec. 4.

Jim Cramer, host of the nationally syndicated radio show "RealMoney with Jim Cramer," will go off the air on Dec. 1 to focus on developing more video and multimedia programming for TheStreet.com, the financial Web site he co-founded in 1996.Mr. Cramer has been the host of the wildly successful CNBC show "Mad Money," since March 2005 and Some published reports say that he is ending his CBS Radio show to join CNBC.com, which is scheduled to launch as an independent site on Dec. 4.

Jim Cramer, host of the nationally syndicated radio show "RealMoney with Jim Cramer," will go off the air on Dec. 1 to focus on developing more video and multimedia programming for TheStreet.com, the financial Web site he co-founded in 1996.Mr. Cramer has been the host of the wildly successful CNBC show "Mad Money," since March 2005 and Some published reports say that he is ending his CBS Radio show to join CNBC.com, which is scheduled to launch as an independent site on Dec. 4.

Jim Cramer, host of the nationally syndicated radio show "RealMoney with Jim Cramer," will go off the air on Dec. 1 to focus on developing more video and multimedia programming for TheStreet.com, the financial Web site he co-founded in 1996.Mr. Cramer has been the host of the wildly successful CNBC show "Mad Money," since March 2005 and Some published reports say that he is ending his CBS Radio show to join CNBC.com, which is scheduled to launch as an independent site on Dec. 4.

Labels: Jim Cramer