Jim Cramer Blog

Trish Regan hosted Tuesday's show. Weak dollar and its positive impact on the housing market was presented first. Foreign investors are purchasing second homes and vacation condos here in America. Real Estate brokers say that Europeans are experiencing low prices for there vacation home purchases in locations such as Miami, FL. Mark Vitner of Wachovia says that foreign investors will, in a way, pave the way for an improvement in the weak currency. Dow up 170 pts. and S&P up 20 pts. Wal-Mart, IBM, J.P Morgan and American Express are today's DOW leaders. November is still on track to be worst month ever for stocks in five years. Wal-Mart, Home Depot, Tahlbots, and Aeropostale are among top retailers. Margaret Brennan of CNBC says Wal-Mart's improvement can be accredited to slow traffic within the stores, and correction with inventory consideration. Jeffrey Schwartz, Prologis Chairman and CEO; says under good management, there is always a way to appeal to the interests of the consumer, not just their budgets. Sirius Satellite Radio shareholders vote to approve merger with XM Satellite. Sharp Pullback for Oil; Rebecca Jarvis of CNBC says that Crude Oil is down 2%. Next, Kozlowski, former TYCO CEO gives prison tell all to CNBC. After taking millions upon millions from TYCO, Dennis Kozlowski will sit behind bars for the remainder of his life. Dow has biggest one day gain since October. Next, in the Tech Sector: Micrsoft Zune vs. Apple IPOD. Jim Goldman of CNBC says The Microsoft Zune will never compete with anything Apple can release. Apple has sold over 100 million IPODS since 2002. Lance Ulanoff, editor-in-chief of PC magazine says they gave the Zune the product of the year award because of unique features including a FM radio Tuner. Jim Goldman adds that despite Microsoft’s low prices, people have shown through the years that the price on Apple products does not reflect a decrease in consumption. They love the iPOD! Next, Wendy Bounds of WSJ says Forum is a type of professional group therapy. In forum sessions, advice is not given, but similar stories are shared. With more than 60,000 members worldwide, Forum sessions are ever popular with entrepreneurs of the average age of 39.

Labels: AME, CNBC, IBM, JPM, The Call, trish regan, Wal-Mart

Bullish Calls:
Honeywell (NYSE: HON - News): [CEO Dave Cote} '... is just the master of Honeywell. He's buying back stock hand over fist. He's doing a great job. ... Honeywell is absolutely a Triple Buy.'UBS (NYSE: UBS - News): 'Has been spindled, mutilated, crushed, whipped, and you know what? It's a great franchise, and it's going to come back. ... The stock is way, way off its 52-week high. ... Let's pull the trigger if we can around here and buy some UBS. ... It's going to start rallying.'Caterpillar (NYSE: CAT - News): ' ... is now down ... 16 straight points.'The Travelers (NYSE: TRV - News): 'I've got to send you to Travelers. I know that they've got great cash flow, and they take advantage of the absolute chaos.'Ingersoll-Rand (NYSE: IR - News): 'Warren Buffet has been buying this stock almost as aggressively as the company has itself ... is a buy.'Ametek (NYSE: AME - News): 'Precision instruments is a good business. ... I like Ametek.'American International Group (NYSE: AIG - News) ' I think that AIG may be a better bet now that the Fed has blinked.'Goodyear Tire (NYSE: GT - News): 'They did the restructuring, and the stock has been knocked down like every industrial company has ... I think you've got to stick with Goodyear.'US Bancorp (NYSE: USB - News): 'I think Warren Buffet has just bought a ton of USB. Very little exposure to the mortgage market. ... US Bankcorp is fine with me. I would stick with US Bancorp.'
Bearish calls:
Dynamic Materials (NasdaqGS: BOOM - News): 'It has been a stalled stock. Metal-working, welding -- you need a stronger economy for it. ... Don'tBuy Don'tBuy. I say be careful.'Life Partners (NasdaqGM: LPHI - News): 'I frankly don't understand what part of the life insurance business they're really in. ... That's a hard business to understand.'
Published By SeekingAlpha

Labels: AIG, AME, BOOM, CAT, GT, HON, IR, Jim Cramer, Lightning Round, LPHI, Mad Money, TRV, UBS, USB

Adobe Inc. (NASDAQ:ADBE - News) shares rose 5.8% Wednesday after the company named Mark Garrett, an EMC Corp. (NYSE:EMC - News) executive, as its new chief financial officer, more than two weeks after the software maker said it had completed an internal review of its stock-options practices.
Affymax Inc. (NASDAQ:AFFY - News) shares rose 6.1% after the company was initiated with an outperform rating at Cowen & Co. RBC Capital Markets also began coverage of the company with an outperform rating and set a $44 price target.
Albemarle Corp. (NYSE:ALB - News) shares added 6.6% after the company reported fourth-quarter net earnings of $63 million, or $1.29 a share, compared with $32.2 million, or 67 cents a share, on the back of a $5.4 million tax benefit and lower costs of good sold.
Allegheny Technologies Inc. (NYSE:ATI - News) shares gained 5.6% after the company posted a 41% surge in fourth-quarter profit on the back of strong demand for titanium and nickel alloys from the aerospace and defense markets.
AmerisourceBergen Corp. (NYSE:ABC - News) shares rallied up 8.1% after the pharmaceutical services company posted a 26% rise in first-quarter profit and lifted its 2007 earnings outlook above Wall Street's forecast.
Ametek (NYSE:AME - News) shares advanced 6.4% after the Paoli, Pa., maker of electronic instruments posted a fourth-quarter profit of $47.8 million, or 45 cents a share, up from year-ago earnings of $36.9 million, or 35 cents a share. Sales rose 19% in the quarter to $480.7 million. The company sees earnings of $1.93 to $1.97 a share for fiscal 2007, surrounding Wall Street's current consensus estimate of $1.95 a share.
Artic Cat (NASDAQ:ACAT - News) shares rose 8.6% after the Thief River Falls, Minn., maker of snowmobiles and all-terrain vehicles reported third-quarter earnings of $8.2 million, or 43 cents a share, on sales of $228.1 million. These results include 2 cents a share in stock option expense and an income tax benefit of 3 cents a share.
Conolog Corp. (NASDAQ:CNLG - News) shares soared 86% after the company said its CM-100 direct substation communicator system has received final testing approval. The CM-100 is scheduled to ensure delivery to customers by the third quarter, the company said. Conolog makes electronic and electromagnetic components and subassemblies for telephones, radio and microwave transmissions.
Corning Inc. (NYSE:GLW - News) said it swung to a fourth-quarter net profit of $646 million, or 41 cents a share, from a year-ago loss of $33 million, or 2 cents a share. Revenue for the quarter rose 14.1% to $1.37 billion. Excluding one-off items, Corning said it earned $488 million, or 31 cents a share in the quarter, exceeding its own guidance and the 28 cents-a-share estimate of analysts polled by Thomson First Call. The materials and fiber optics group said it expects the overall market for LCD glass substrate to grow in the mid-30 percent range, driven by continued demand for LCD televisions, and added its own LCD glass volume is expected to grow at the upper end of this range. The firm added it expects to see significant growth in its heavy-duty diesel products, due to new U.S. emissions regulations that became effective Jan. 1. Overall, Corning said it expects first quarter sales to be in the range of $1.26 billion to $1.31 billion, with earnings in the range of 24 to 27 cents a share.
EZCorp (NASDAQ:EZPW - News) shares jumped 12% after the Austin, Texas-based provider of credit and other financial services late Tuesday reported fiscal first-quarter net earnings of $9.76 million, or 23 cents a share, up from $6.76 million, or 17 cents a share, in the year-ago period. Revenue rose to $91.7 million from $75.8 million. Analysts polled by Thomson First Call had forecast a per-share profit of 20 cents on revenue of $85.5 million. The company expects fiscal second-quarter earnings of 23 cents a share, and fiscal 2007 earnings of 85 cents a share.
Hyperion Solutions Corp. (NASDAQ:HYSL - News) shares moved up 18% after the company agreed to acquire privately held Decisioneering Inc. to gain access to its risk analysis software. Hyperion, a business management software maker, which employs 2,700 workers, plans to run Decisioneering, which employs 75 workers, as an independent unit in Denver. No job cuts are expected. Hyperion declined to disclose the terms of the deal, which is expected to close within the next month. The company also said its second-quarter earnings rose 34%, boosted by growth in software license and maintenance and service revenue. The company had second-quarter earnings of $21.5 million, or 36 cents a share, compared with $15.5 million, or 25 cents a share, a year earlier. Revenue for the quarter ended Dec. 31 rose 20% to $222.9 million from $185.5 million a year ago. Software license revenue rose 14% to $84.9 million, and maintenance and service revenue rose 24% to $138 million. Analysts surveyed by Thomson Financial expected, on average, earnings of 44 cents a share on revenue of $212 million.
Integrated Device Technology Inc. (NASDAQ:IDTI - News) (NYSE:IDT - News)shares added 5.6% after the company reported a third-quarter net loss of $1.94 million, or a penny a share, down from $42.3 million, or 21 cents a share, during the year-ago period.
Introgen Therapeutics Inc. (NASDAQ:INGN - News) shares moved up 7.9% after the company said Wednesday a preclinical study with INGN 241 in combination with Genentech Inc.'s (NYSE:DNA - News) Avastin showed "synergistic activity" resulting in "a curative therapeutic effect" in the treatment of lung cancer. The new data were published in the journal Molecular Therapy. Introgen said the study showed that the combination of INGN 241 and Avastin was "very effective" and blocked tumor angiogenesis. In the study, tumors completely regressed within the first four weeks of treatment and no additional growth was observed after cessation of therapy, the company said.
Level 3 Communications (NASDAQ:LVLT - News) shares gained 5.2% after the company was initiated with an outperform rating at Cowen & Co.
National Interstate's (NASDAQ:NATL - News) shares advanced 23% after the Richfield, Ohio-based insurance company late Tuesday forecast fourth-quarter net income in a range of 54 cents to 60 cents a share and full-year 2006 net income of $1.80 to $1.86 a share. Analysts polled by Thomson First Call are looking for fourth-quarter earnings of 51 cents a share and 2006 earnings of $1.75 a share. The company expects gross premiums written of $61.5 million in the fourth quarter, and $305.5 million for 2006.
OSI Systems (NASDAQ:OSIS - News) shares added 6.5% after the company said it expects revenue of about $137 million for the second quarter, a level that would represent growth of 17% from year-ago levels. The company also disclosed plans for a restructuring, saying it will reduce its global workforce by 8% and consolidate certain facilities. It's targeting annual cost savings of between $15 million and $17 million from these moves. OSI expects to record a charge of between $31 million and $34 million in the second quarter from asset impairment and the recording of additional inventory reserves. Excluding items, it sees a breakeven performance in the quarter on an operating basis. Hawthorne, Calif.-based OSI withdrew its earnings outlook for fiscal 2007 but backed a forecast for revenue of between $535 million and $545 million for the year.
Shares of Parametric Technology Corp. (NASDAQ:PMTC - News) rose 7.2% after the business software maker reported that its fiscal first quarter earnings doubled compared to the year-earlier period. PTC said GAAP net income rose to $15.2 million, or 13 cents per diluted share, compared to $7.5 million, or seven cents per diluted share in the year-earlier period. Revenue grew 15% to $221.7 million, the company said, while total software license revenue grew 14% to $66.6 million.
RF Micro Devices (NASDAQ:RFMD - News) shares surged 14% after the company said fiscal third-quarter net income rose sharply to $59.3 million, or 26 cents a share, from $14.7 million, or 7 cents a share, a year earlier. The Greensboro, N.C., mobile communications technology company said results were driven by strength at the world's leading handset manufacturers, market share gains in RF semiconductors and high demand for the company's cellular transceivers and transmit modules. Results from the latest quarter included other income of $1.3 million, whereas the year-ago quarter included other income of $298,000. Excluding items such as share-based compensation, amortization, an impairment charge, a gain on sale of substantially all Bluetooth assets, and restructuring charges related to sale of substantially all Bluetooth assets RF Micro Devices earned 16 cents a share, up from 8 cents a share a year earlier. Revenue for the quarter ended Dec. 31 rose 35% to $281.1 million from $208 million. On average, analysts polled by Thomson Financial expected earnings of 13 cents a share on revenue of $273.2 million. Third-quarter results also beat the company's internal projections.
Rockwell Medical Technologies' (NASDAQ:RMTI - News) shares rose 11% after the Wixom, Mich.-based pharmaceutical company reported favorable results from pre-clinical safety studies for its iron-delivery product, soluble ferric pyrophosphate. Rockwell said it's preparing to begin human clinical trials consisting of a nine-month dose ranging study followed by a final clinical study. Upon favorable results, the company said it expects to receive Food and Drug Administration market approval for SFP sometime thereafter.
Seagate Technology (NYSE:STX - News) shares added 8.3% after the company said its fiscal second-quarter net income fell 51.2% to $140 million, or 23 cents a share, from $287 million, or 57 cents a share a year ago. Excluding a $76 million charge related to an acquisition of Maxtor and $29 million for the early retirement of 8% notes, earnings were $236 million, or 39 cents a share. Revenue for the quarter ended Dec. 29 increased 30.3% to $3 billion from $2.3 billion a year earlier, said the Scotts Valley, Calif., provider of hard disc drives. On average, analysts polled by Thomson Financial predicted second-quarter earnings of 32 cents a share, on revenue of $2.93 million. Analyst estimates exclude integration and retention costs and amortization of intangibles.
Sun Micro (NASDAQ:SUNW - News) shares surged 8.5% after the hardware maker issued an upbeat fiscal second-quarter report and bullish forecast.
Transcend Services' (NASDAQ:TRCR - News) shares jumped 37% after the Atlanta-based company reported fourth-quarter earnings of $762,000, or 10 cents a share. In the same quarter last year, the company posted a net loss of $444,000, or 6 cents a share. Revenue rose to $8.95 million from $7.3 million. Transcend Services provides medical transcription services to the healthcare industry.
TransDigm Group (NYSE:TDG - News) shares leapt 12% after the Cleveland-based maker of aircraft components forecast fiscal first-quarter net earnings of 43 cents a share, or adjusted earnings of 46 cents a share, on revenue of $123 million. TransDigm also said it now expects fiscal 2007 earnings of $1.68 to $1.80 a share, or adjusted earnings of $1.79 to $1.91 a share, on revenue of $500 million to $510 million. Analysts polled by Thomson First Call are forecasting 2007 earnings of $1.68 a share on revenue of $533 million.
TRM Corp. (NASDAQ:TRMM - News) shares rocketed up 50% after the company said it's sold its TRM Ltd. unit, which owns its ATM business in the U.K. and Germany, to NoteMachine Ltd. for 47.1 million pounds ($92.6 million). Portland, Ore.-based TRM said net proceeds from the sale were used to pay down debt. NoteMachine is a portfolio company of Rutland Partners LLP, a private equity partnership. "The sale of our European ATM business is a component of our ongoing efforts to simplify our business operations," said Jeff Brotman, TRM president and chief executive, in a statement.
Vertrue (NASDAQ:VTRU - News) shares rose 9.2% after the Norwalk, Conn.-based Internet marketer reported fiscal second-quarter net earnings of $8.7 million, or 74 cents a share, up from $7.66 million, or 66 cents a share, in the year-ago period. Revenue rose to $178.6 million from $160.1 million. The company expects fiscal 2007 earnings of $3.30 to $3.40 a share on revenue of $748 million to $758 million.
Yahoo (NASDAQ:YHOO - News) shares added 7.5% after the company reported fourth-quarter profit plunged 61% from a year ago, when it booked a large one-time investment gain. The Internet bellwether was also hurt by higher costs for employee stock options.
Published By MarketWatch

Labels: ABC, ACAT, ADBE, AFFY, ALB, AME, ATI, CNLG, DNA, EMC, EZPW, GLW, HYSL, IDT, IDTI, INGN, LVLT, NATL, OSIS, PMTC

With Thanksgiving on Thursday and a half-day of trading Friday, expect light volume and sparse action to close the week out. Here are 7 stocks to watch for the rest of this week from TradingMarkets.com:
Donaldson (NYSE:DCI - News) reports earnings on Monday after the close, so watch for action beforehand. DCI expects to report $0.43 EPS; DCI's PowerRating is 6.
Thor Industries (NYSE:THO - News) reports earnings Monday during trading hours; look for $0.62 EPS. THO's PowerRating is 5.
Jackson Hewitt (NYSE:JTX - News) and Aeropostale (NYSE:ARO - News) are two of the major stocks reporting quarterly earnings on Tuesday of next week; watch for action to pick up as the date approaches. JTX's PowerRating is 5, and ARO's PowerRating is 5.
Amedisys (NASDAQ:AMED - News) is issuing a 4:3 stock split on November 27. AMED is currently trading around $40 a share; AMED's PowerRating is 6.
Ametek (NYSE:AME - News) is issuing a 3:2 stock split on November 27. AME is currently trading around $49 a share; AME's PowerRating is 4.
Brinker (NYSE:EAT - News) is issuing a 3:2 stock split on November 30. EAT is currently trading around $46 a share; EAT's PowerRating is 7.
PowerRatings are courtesy of PowerRatings.net

Labels: AME, AMED, ARO, DCI, EAT, JTX, THO