Jim Cramer Blog

Technology
Google (GOOG) reported quarterly profits that soar 46% and the search giant added 2,130 employees in the third quarter. Nokia (NOK) traded higher after earnings nearly doubled and global market share rose to 39%.
The big pharmaceutical companies will have earnings rolling in with Pfizer (PFE), Eli Lilly (LLY) and Wyeth (WYE) set to report Thursday and Merck (MRK) and Schering-Plough (SGP) set to report Monday. Pfizer issued news that it will no longer sell Exubera which is an inhalable insulin device. This news took down Alkermes (ALKS), MannKind (MNKD) and Nektar (NKTR). Finerman continues to believe that Merck will buy Biogen (BIIB).
Word on the Street
Advanced Micro Devices (AMD) reported a quarterly loss but, revenues soared. Adami suggests trading off of AMD with Dell (DELL). However, Macke would buy Microsoft (MSFT) based on this news. Baxter (BAX) traded higher after earnings beat Wall Street estimates. Najarian recommends looking at Intuitive Surgical (ISRG). Bank of America (BAC) traded lower after reporting a 32% drop in earnings. Capital One Financial (COF) reported a third quarter loss as profits fell 32%. Najarian would sell Capital One Financial and buy State Street (STT) and JPMorgan (JPM). Wal-Mart (WMT) announces plans to drop prices ahead of the holiday season. Finerman maintains that Wal-Mart is attractive on valuation and she owns the stock.
Rail Trade: Finerman and Adami picked CSX (CSX) in the rail space. Najarian's favorite was Burlington Northern (BNI) and Macke prefers Union Pacific (UNP).
Oil: As oil continues to hit record highs, Najarian proposes playing off oil with solar stocks and recommends buying Cypress Semiconductor (CY), SunPower (SPWR), JA Solar (JASO) and Suntech (STP). Macke favors NRG Energy (NRG). Adami says buy Shaw Group (SGR) for a play on nuclear power.
Pops & Drops
Pops - Callaway Golf (ELY) traded up 12% on higher profits.
Drops - Allstate (ALL) dropped 4% after revenues fell 16%.
iShares FTSE/Xinhua China 25 Index Fund (FXI) fell 3%.
American Standard (ASD) fell 5% after cutting its 2007 forecast.
Final Trades
Macke recommends Intel (INTC).
Adami would short Exxon Mobil (XOM) for the second day in a row.
Finerman is a buyer of Limited Brands (LTD) on a pullback after the retailer was replaced in the S&P 100 index.
Najarian loves and owns Cypress Semiconductor (CY).

Labels: ALKS, AMD, CNBC, Fast Money, Fast Money Recap, GOOG, LLY, MRK, NOK, pfe, WYE

Here are 7 stocks for traders for Wednesday:
Verifone (NYSE:PAY) beat earnings on Tuesday afternoon, with $0.39 EPS over an expected $0.37 EPS. PAY's PowerRating is 6.
Alkermes (NasdaqGS:ALKS) beat earnings on Tuesday after the close, announcing $0.03 EPS over an expected $0.01 EPS. ALKS's PowerRating is 6.
Daktronics (NasdaqGS:DAKT) announces earnings on Wednesday before the open; look for $0.08 EPS. DAKT's PowerRating is 3.
Dress Barn (NasdaqGS:DBRN) reports quarterly earnings on Wednesday morning before the market opens, with analysts watching for $0.31 EPS. DBRN's PowerRating is 6.
Joy Global (NasdaqGS:JOYG) should report $0.72 EPS before the bell on Wednesday. JOYG's PowerRating is 7.
When Polo Ralph Lauren (NYSE:RL) announces earnings Wednesday morning, be looking for $0.62 EPS. RL's PowerRating is 6.
Analysts expect Williams-Sonoma (NYSE:WSM) to report $0.13 EPS tomorrow morning before the market opens. WSM's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: ALKS, DAKT, DBRN, Hot Stocks, JOYG, PAY, RL, WSM

Abercrombie & Fitch (NYSE:ANF - News) said its January sales at stores open at least one year fell 6%. Analysts, on average, had expected it to post a same-store-sales drop of 1.9%, according to Thomson Financial. Net sales for the five weeks ended Feb. 3 rose 37% to $252.3 million. The New Albany, Ohio, clothing retailer said sales in its fiscal 2006 rose 19% to $3.32 billion from $2.79 billion.
Accuray (NasdaqGM:ARAY - News) shares rocketed up in company's initial public offering.
Alcon Inc. (NYSE:ACL - News) reported fourth-quarter net earnings of $354.7 million, or $1.16 a share, compared with $60.7 million, or 19 cents a share, during the same quarter a year ago. Results from the year-ago period included $207.7 million in after-tax charges, or 66 cents a share.
Akamai Technologies Inc. (NasdaqGS:AKAM - News) said fourth-quarter net income fell, as costs and expenses rose, to $20.6 million or 12 cents a share, from $25.8 million, or 16 cents a share, during the same period in the prior year. Before items, quarterly per-share income rose to 27 cents from 16 cents in the prior year.
Alkermes Inc. (NasdaqGS:ALKS - News) reported that net income for its fiscal third-quarter rose to $2.9 million, or 3 cents a share, from $1.4 million, or 1 cent a share, for the same quarter last year. Excluding items, Alkermes would have reported adjusted earnings of 11 cents a share.
AnnTaylor Stores (NYSE:ANN - News) said its January same-store sales fell 10.2% from a year earlier, assuming both periods include four weeks. The fashion-apparel retailer said Thursday net sales increased 21% to $149.9 million for the five weeks ended Feb. 3 from $123.9 million for the comparable four-week period a year ago. Same-store sales calculation for the latest January tracks performance for the four weeks ended Jan. 27 and its net sales calculation tracks results for the five weeks ended Feb. 3. Year-earlier results were for the four weeks ended Jan. 28. For fiscal 2006, AnnTaylor expects earnings of $1.95 a share to $1.98 a share.
Aspreva Pharmaceuticals Corp. (NasdaqGS:ASPV - News) shares rose after the Victoria, British Columbia-based company late Wednesday reported fourth-quarter net earnings of $26 million, or 73 cents a share, up from $24.3 million, or 68 cents a share, in the year-ago period. Revenue rose to $52.5 million from $45 million. Analysts polled by Thomson Financial were expecting a per-share profit of 66 cents. Aspreva forecast 2007 royalty revenue of more than $245 million.
Beckman Coulter (NYSE:BEC - News) reported fourth-quarter net income of $62.3 million, or 97 cents a share. Excluding one-time items, the company would have earned $1.03 a share compared to 73 cents a share a year ago. Revenue rose 8.6% to $712 million. The company said it sees 2007 adjusted earnings in the range of $3.10 to $3.25 a share. It expects revenue to increase by 7% to 9%.
BG Group (NYSE:BRG - News) said fourth-quarter profit dropped 18% to 410 million pounds, with revenue down 10% to 1.9 billion pounds. Though production rose 5% and it saw "strong" growth in the liquified natural gas business, lower gas prices, a weaker U.S. dollar and an increased North Sea tax rate. The company affirmed its earnings outlook to 2009, sees exploration and production volume growth of 5% to 7% a year to 2009, and is "more confident" of achieving higher levels of its 6%-to-10% volume growth view to 2012.
Bon-Ton Stores Inc. (NasdaqGS:BONT - News) said January same-store sales rose 6.4%. Total sales for the five weeks ended Feb. 3 increased 283%, to $240.6 million. Analysts surveyed by Thomson Financial forecast a same-store sales rise of 0.5%.
BorgWarner (NYSE:BWA - News) said its fourth-quarter earnings fell 37%, due in part to restructuring charges related to asset impairments in North America, supplemental to restructuring activities announced in the third quarter. The Auburn Hills, Mich. maker of automotive power train products had fourth-quarter earnings of $40.9 million, or 70 cents a share, compared with $64.6 million, or $1.12 a share, a year earlier. Excluding the restructuring charges and other items, the company had earnings of 99 cents a share. BorgWarner said revenue for the quarter ended Dec. 31 rose 15% to $1.2 billion from $1.05 billion a year ago. Analysts surveyed by Thomson Financial expected, on average, earnings of 95 cents a share on revenue of $1.11 billion. Analyst earnings forecasts typically exclude unusual items. In addition, the company said it expects 2007 earnings of $4.70 to $4.90 a share. BorgWarner had earlier forecast 2007 earnings of $4.60 to $4.80 a share. BorgWarner also reiterated its sales guidance, saying it expects sales growth of 7% to 9%.
Bunge (NYSE:BG - News) said its fourth quarter net profit rose 77% to $264 million, or $2.12 a share, from $149 million, or $1.25 a share in the year-earlier period. Net sales rose 14% to $7.68 billion amid signs of a turnaround in the Brazilian business and higher demand for core products related to the bio-fuels industry. The latest results included net gains of $74 million, or 60 cents a share. Analysts polled by Thomson Financial were expecting earnings of $1.44 a share on revenue of $7.44 billion. The company said it expects earnings in 2007 to be in a range of $4.56 to $4.71 a share. Separately Bunge announced that its CFO William Wells will leave the company effective April 1. It added it has begun a search for a replacement.
Circuit City Stores (NYSE:CC - News) said it will close stores and shake up its merchandising team in a move to improve its financial performance.
Citi Trends Inc. (NasdaqGS:CTRN - News) said comparable store sales for the five weeks ended Feb. 3 rose 3.2%. Analysts polled by Thomson Financial had expected growth of 0.2%. The apparel retailer said total January sales increased to $36.2 million from $20.9 million during the same period in the prior year.
Corrections Corp. of America (NYSE:CXW - News) said its fourth-quarter net profit rose 37.6% to $32.2 million, or 52 cents a share, from $23.4 million, or 39 cents a share, a year earlier. Revenue for the quarter ending Dec. 31 rose 10.2% to $349.6 million. Analysts polled by Thomson Financial had been expecting earnings of 44 cents a share on revenue of $343 million. The company said its results were driven by strong demand for prison beds from both federal and state customers. The company said average compensated occupancy for the period rose to 96.6% from 93.1%. The company said it expects earnings in the first quarter to be in the range of 43 cents to 37 cents a share, with earnings for 2007 in the range of $1.95 to $2.05 a share.
Dollar Tree Stores (NasdaqGS:DLTR - News) said fourth-quarter sales rose 22.2% to $1.32 billion, helped by an extra week compared with the year-ago quarter. Analysts, on average, expected the Chesapeake, Va., variety-store chain to post quarterly sales of $1.3 billion. Same-store sales, or sales at stores open at least a year, rose 5.5% for the quarter.
DSW Inc. (NYSE:DSW - News) said fourth-quarter same-store sales rose 1%, with total sales increasing to $329.1 million from $283.8 million. Analysts surveyed by Thomson Financial forecast revenue of $315.2 million, on average.
Electronic Data Systems Corp. (NYSE:EDS - News) said fourth-quarter profit nearly doubled, while revenue grew 11%. Computer services giant EDS said its net income for the quarter ended Dec. 31 rose to $217 million, or 40 cents a share, from $112 million, or 21 cents, a year earlier.
Exide Technologies (NasdaqGM:XIDE - News) reported adjusted EBITDA of $54.1 million for the third quarter, up 32% from last year's equivalent total of $41.1 million.
Express Scripts Inc. (NasdaqGS:ESRX - News) said increased generic drug use and lower costs resulted in a 32% surge in fourth-quarter profit and prompted the pharmacy benefits manager to boost its outlook for the full-year period.
Published By Michael Baron

Labels: ACL, AKAM, ALKS, ANF, ANN, ARAY, ASPV, BEC, BG, BONT, BRG, BWA, CC, CTRN, CXW, DLTR, DSW, EDS, ESRX, XIDE

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.
Whole Foods MarketsJan 50 Calls (NASDAQ:WFMI - News). WFMI's PowerRating is 3.
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.
Petrobras S.A. Jan 95 Puts (NYSE:PBR - News). PBR's PowerRating is 5.
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.
Southern Copper Corporation Jan 57.5 Calls (NYSE:PCU - News). PCU's PowerRating is 5.
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.
CBOT Holdings Jan 150 Puts (NYSE:BOT - News). BOT's PowerRating is 6.
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.
InterOil Corporation (NYSE:IOC - News). IOC's PowerRating is 4.
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.
Whirlpool Corporation (NYSE:WHR - News). WHR's PowerRating is 5.
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.
Alkermes Incorporated (NASDAQ:ALKS - News). ALKS' PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: ALKS, BOT, IOC, PBR, PCU, stock options, WFMI, WHR