Jim Cramer Blog

Word on the Street

Bad news from Boeing (BA) and Honeywell (HON) helped the bears. DaimlerChrysler (DAI) was hit with bad news Wednesday as the United Auto Workers are striking. Macke doesn't think the strike will impact the auto supply stocks and favors Johnson Controls (JCI) and American Axle (AXL). Seymour recommends Magna (MGA).

Dennis Gartman

Gartman says the Fed isn't concerned about inflation and will continue to cut rates. He would be a buyer on weakness in gold and sell short the U.S. dollar. He would accomplish this via the streetTRACKS Gold Trust (GLD). Seymour is still concerned about inflation.

Stents

Wednesday night news broke that the FDA advisory panel is backing drug-coated stents made by Medtronic (MDT). CNBC's Mike Huckman recommends investors look at SurModics (SRDX), Abbott Labs (ABT), Novartis (NVS) and Wyeth (WYE). Lawsuit risk keeps Najarian from being a fan of the stent market. He would rather be in Myriad Genetics (MYGN). Medical device maker Zimmer (ZMH) saw huge options activity Wednesday.

Pops & Drops

Pops-Nokia (NOK) traded up 1%. Najarian

Akamai (AKAM) traded up 4% after being upgraded.

Google (GOOG) traded up 2%. Seymour claims the beat goes on with Google.

Drops- Alcoa (AA) fell 3% after earnings disappointed.

PetSmart (PETM) fell 4% after lowering profit forecasts.

Turkcell (TKC) dropped 5%.

I-Robot (IRBT) fell 8% after reporting a loss.

TempurPedic International (TPX) fell 7% after bearish analyst comments.

Final Trade

Jon Najarian: Google (GOOG) is going to trade to $700 before the end of the year.

Pete Najarian favors ValueClick (VCLK).

Seymour: ConocoPhillips (COP) for its European exposure.

Finerman: Tyco Electronics (TEL).

Macke: Merck (MRK).

Labels: BA, CNBC, DAI, Fast Money, Fast Money Recap, GLD, HON, JCI, MGA