Jim Cramer Blog

Erin Burnett started today's show with Steve Leisman, speaking of fed rate cut probability, sighting the Wall Street Journal as a source for saying "not a done deal." Portfolio plays were next. Gregory Church says he does not believe there is a "best bet" to beat the fed rate cut possibility. Fearing recession, most correspondents say, Genentech, and Johnson & Johnson are the best bets. Next, was Bob O'Brien from WSJ discussing CEO switching with companies, and the reflection on their stocks. After Nardelli left Home Depot, stock went down 20%. Walt Disney after Ovitz left worked up 54%, and Morgan Stanley stock after Parcell left, is up over 60%. Next topic was Canadian oil with Amir Arif. He says if crude oil drops to $76, companies will see an increase of about 25%. He also added that PetroCanada, Nexen, and Talisman Energy will all see an upgrade in the year to come. Darren Ravell was next, interviewing David Stern. As the NBA begins its 67th season tonight, the commissioner discusses gambling amongst referees, as well as an increase in the global market for the NBA. Sponsorship is up. David mentioned that he believed ratings would be up, and attributed that in measure of consumption. League pass, NBA wireless, ticket sales and propaganda will all be faces of consumption, and rating measurement. He says, despite a "tough" off-season, he foretells, with confidence, this season as being a success and reflection of the history and attitude of the league. The Scandinavian airlines ground their fleet of 27 bombardier q400 planes after crash. Peter GreenBurg says it is due to landing gear failures. Dash 8 landing gears are being investigated for proper inspection. AAR, Continental airlines, Horizon Air (Alaskan Airlines) and Frontier Airlines are all companies that use these sorts of Dash 8 aircraft. John Arnone from Bombardier was next, saying their Q400 landing gear manufacturers; Goodrich, is solid with assurance that their products are "of high quality and closely inspected." Jim Cramer with Stop Trading was up next. Jim says stay away from Goodrich right now. He says buy BE Aerospace and adds; to get out of P&G, and buy Colgate. He also loves Latin America. Shutterfly was the next topic. The digital internet photo company, has seen a great increase in sales, as a result of the wildfires across the country. HP, Yahoo and Kodak now have online galleries for personal photography use. Street Signs ended on a positive note, sighting Elvis Presley earning $49 million this past year. Well ahead of Albert Einstein with $18 million.

Labels: CNBC, Erin Burnett, FED, Jim Cramer, Jim Cramer's Stop Trading, Street Signs, street signs recap