Jim Cramer Blog

Capital One Financial (COF), American International Group (AIG), CIT (CIT) Cramer said AIG and COF are not transparent enough to own, because no one is sure about their assets and liabilities. While a bigger interest rate cut might have saved these companies, Cramer said after the Fed's small cut, the two companies look "too darn bad" to hold. While he did like both of these companies at one time, unlike CIT which makes all pertinent information known to investors, COF and AIG have closed books. In addition, COF recently commented on rising delinquency with credit cards, wasted its capital buying back stock at a high price and has "virtually no yield support." While AIG insists it is not being affected by bad loans, it is not providing evidence to support this claim, and Cramer says its yield is insufficient.
CEO Interview: James Hackett Anadarko Petroleum (APC)
"I believe 2008 is going to be the year for natural gas," Cramer said. "It's leaner, meaner and cleaner than coal." APC is a Cramer's natural gas growth pick, since it has raised its production guidance and is actively drilling. Cramer asked James Hackett why the presidential candidates weren't discussing natural gas, and Hackett replied the fuel is unjustly overlooked. Hackett added the company is drilling ambitiously and has made acquisitions to facilitate working overseas. While it is a challenge to drill in the Gulf of Mexico because of federal regulations, Hackett said people who manage to drill in the region should be encouraged. Cramer called Hackett a "hero" who is "making you money."
Mercadolibre (MELI)
Cramer says MELI which processes e-commerce transactions and is based in Latin America has a similar story to Google and Baidu and will continue to run. While he would usually suggest waiting for a pullback, Cramer wouldn't wait too long to buy MELI
Published By SeekingAlpha

Labels: AIG, APC, CIT, COF, Jim Cramer, Mad Money, MELI

The Dow closed down 211 points and the Nasdaq finishing down 34. The S&P 500 has now given up all of its gains on the year. Najarian continues to like the four horseman names like Apple (AAPL), Google (GOOG) and Research In Motion (RIMM) which showed strength on Wednesday. Adami recommended getting long General Motors (GM) right here with a specific stop price in mind. Finerman found it strange that Fannie Mae (FNM) went up Wednesday. Crude oil came close to $100 on Wednesday, but fell just short and finished the day at $97.19. Gartman feels the stock market is behaving horribly and he is short names like Harley-Davidson (HOG), Tiffany (TIF) and Coach (COH) and long Microsoft (MSFT)and Apple (AAPL). Gartman's favorite position right now is short Cummins (CMI).
CNBC Pharmaceuticals Reporter Mike Huckman joined the show to discuss his take on big pharma stocks. Huckman explained that Pfizer (PFE) is having issues with safety concerns on a stop smoking drug, falling Lipitor sales and generic competition. Huckman also mentioned that Merck (MRK), Eli Lilly (LLY) and Bristol Myers (BMY) were all down on Wednesday. Finerman likes Johnson & Johnson (JNJ).
Investors tend to sell their biggest losers towards the end of the year to reduce the tax hit they take from their winners. Some of the names at 52-week lows are Citigroup (C), Pfizer (PFE), Merck (MRK), J.C. Penny (JCP), Capital One Financial (COF), Advanced Micro Devices (AMD) and AIG (AIG).
Word on the Street
Macke recommended buying The Gap (GPS) on dips. Finerman likes Limited (LTD) on valuation. Adami suggested buying Citi Trends (CTRN) ahead of earnings for Monday. Najarian likes Target (TGT) for its valuation in retail.
Deere & Company (DE) traded up 5% after profits rose 52%.
Najarian suggests looking at Agco (AG)
Najarian noted strong call options trading activity on Tibco Software (TIBX).
Pops & Drops
Pops - Google (GOOG) traded up 2%
U.S. Steel (X) traded up 5% also bucking the down trend in the market.
Drops - Tesoro (TSO) fell 3%
American International Group (AIG) fell 6%.
Circuit City (CC) fell 6% after a JPMorgan analyst downgraded the stock.
Jamba Juice (JMBA) plunged 30%
Final Trade
Macke says don't buy stocks if you don't have to and Adami and Finerman just gave thanks in the holiday spirit.
Najarian likes Apple (AAPL) and he thinks the stock will explode into January.

Labels: AAPL, BMY, CMI, CNBC, CNBC's Fast Money, COF, COH, Fast Money Recap, FNM, GM, GOOG, HOG, LLY, LTD, MRK, MSFT, pfe, RIMM, TGT, TIF

Buy Nokia (NOK), Jim Cramer said Thursday on CNBC's Stop Trading! segment.
Cramer likes the handset maker's buy of map company Navteq (NVT) and says Nokia is worlds ahead of rivals like Motorola (MOT). He said the stock's decline on the Navteq deal is a "buyable pullback."
Cramer also likes Capital One (COF), saying data from hard-hit California markets indicates that credit card defaults aren't likely to go through the roof. Cramer said he believes the stock is "done going down."
Cramer also likes Cisco (CSCO), saying it's better than Ciena (CIEN), which has just run up 10 points. Cramer would sell Ciena and buy Cisco right now.
Cramer says Bank of America (BAC) is cheap and going to $60 from $52, while talk of J.P. Morgan (JPM) CEO Jamie Dimon's excellence is "overblown."
Published By TheStreet.com

Labels: CIEN, COF, CSCO, Jim Cramer, JPM, MOT, NOK, NVT, Stop Trading

By the BullMarket.com Staff
Investors appeared to be somewhat hesitant to take positions as they try to decipher the next move by the Fed. At the end of the day, the Dow declined -30 points, while both the Nasdaq and the S&P 500 advanced slightly. Over in the energy pits, crude oil fell -$1.65 to end at $69.47. Treasuries ended the session with the benchmark 10 year yielding 4.59%.
In economic-related news, Senate Banking Committee Chairman Chris Dodd said Federal Reserve Chairman Ben Bernanke is "absolutely" prepared to use all tools he has at his disposal to address the credit crisis in the U.S. financial system. The comments were made following a closed-door meeting between Dodd, Bernanke, and Treasury Secretary Henry Paulson. Richmond Federal Reserve Bank President Jeffery Lacker, however, came out separately and said that market volatility alone is no reason for the Fed to cut the Fed funds target rate.
On the earnings front, the nation's second-largest discount retailer behind Wal-Mart (NYSE: WMT - News), Target (NYSE: TGT - News), said second-quarter profits rose 13% to $686 million, or 80 cents a share, up from $609 million, or 70 cents a share, in the same period a year ago. Sales rose 9.5% to $14.62 billion from $13.55 billion last year. Same-store sales in the quarter just ended rose 4.9%. The discount retailer also backed its full-year profit forecast of $3.60 a share. Shares rose 1.7%. Subscribers can read our analysis of Target in today's issue.
Staples (Nasdaq: SPLS - News), the world's largest office supplier, reported a mixed quarter before the bell this morning. For its second quarter, it posted a profit of $178.8 million, or 25 cents a share, up from $161.2 million, or 22 cents a share, last year. Sales climbed to $4.29 billion from $3.88 billion in the second quarter of 2006, but North American comparable-store sales were down -2% in Q2. It sees third-quarter and full-year EPS growth of 15%, but anticipates its North American retail division to see flat to slightly negative same-store sales in the third quarter, and flat same-store sales for the full year.
In other news, financial services company Capital One Financial (NYSE: COF - News) slashed 2007 earnings guidance and cut 1,900 jobs after it announced it was exiting the wholesale mortgage business. The company is closing its GreenPoint Mortgage unit after conditions in the overall secondary mortgage market weakened considerably. It will take an $860 million charge in the current quarter. The company now sees full-year earnings of $5 a share, down from $7.15 prior to the closing of the unit. Shares rose 2.6%, as excluding the charges, its forecast remained intact.

Labels: Capital One Financial Corp., COF, Mortgages, SPLS, Staples Inc., Target, TGT, Wal-Mart Stores Inc., WMT

Capital One Financial Corp. said Monday it will cut 1,900 jobs and shutter its wholesale mortgage banking business, a move that comes as lenders continue to struggle in the nation's housing and mortgage markets.
Capital One said it will shut down GreenPoint Mortgage and eliminate most of the jobs by the end of year. The McLean, Va.-based company will close 31 GreenPoint locations in 19 states and "cease residential mortgage origination" effective immediately but said it will honor commitments to customers with locked rates who have loans already in the pipeline.
The decision to close GreenPoint will hit Capital One with an $860 million charge, or $2.15 per share, the vast majority of which will come in 2007. The company lowered its 2007 earnings guidance by 14 percent to $5 per share.

Labels: Capital One Financial Corp., COF, GreenPoint Mortgage

Wells Fargo (NYSE: WFC - News), Countrywide Financial's (NYSE: CFC - News), Washington Mutual (NYSE: WM - News), Bank of America (NYSE: BAC - News), Wachovia (NYSE: WB - News)
Thursday's dash for financials may indicate the sector will be one of the "long-term beneficiaries" of Bernanke's position, but Cramer does not think they are safe. He tacked a double sell on WM but thought BAC and WB could survive. However, he reserved the lion's share of his praise for WFC, and said, "It is the great speculative play that should prosper." He believes WFC will "own the mortgage market" and will win with investors because it offers a great dividend. Cramer would wait for WFC to drop to the $32 - $34 range.
Sell Block: VMware (NYSE: VMW - News), H&R Block (NYSE: HRB - News), Capital One Financial (NYSE: COF - News), Friedman Billings Ramsey Group (NYSE: FBR - News) Lamson & Sessions (NYSE: LMS - News), Six Flags (NYSE: SIX - News)
Cramer urged investors to "stay the course" and added "no one ever made a dime panicking." However, he added it isn't too late to sell minerals and he feels tigher consumer spending will put pressure on retail. Cramer would sell VMW after its highly successful IPO, and would stay away from HRB, COF and FBR. He would also sell LMS as well as SIX because of low attendance due to the weather. He concluded it is better to invest in long-term stocks rather than quick trades in the current environment.
KKR Financial (NYSE: KFN - News), Thornburg Mortgage (NYSE: TMA - News) and Reynolds American (NYSE: RAI - News)
Not all high dividends are good dividends, Cramer declared and used KFN and TMA as examples. He added high-dividend names KFN and TMA aren't worth the investment because as their stocks fall so will the yields. Cramer likes RAI which has a dividend of 5.5% and is a "smart play" in this environment because "nothing is more defensive than cigarettes."
Mad Mail: Bear Stearns (NYSE: BSC - News), Jones Soda (NasdaqCM: JSDA) and Google (NasdaqGS: GOOG - News)
Cramer would avoid BSC and JSDA whose climb was "how to make a million" in the market. He adds GOOG is safe and likes the tech sector for its pristine balance sheets and great products.
Published by SeekingAlpha

Labels: BAC, BSC, CFC, COF, FBR, GOOG, HRB, Jim Cramer, KFN, LMS, Mad Money, RAI, SIX, TMA, VMW, WB, WFC, WM

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 Underpriced 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.

Goldman Sachs Oct 210.0 Calls (NYSE:GS - News). GS' PowerRating is 6.
Most Underpriced 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.
Under Armour Oct 55 Puts (NYSE:UA - News). UA's PowerRating is 7.
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.
Baidu.com Sep 250.0 Calls (NasdaqGS:BIDU - News). BIDU'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.
Bear Stearns Sep 85.0 Puts (NYSE:BSC - News). BSC'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.
XM Satellite Radio (NasdaqGS:XMSR - News). XMSR's PowerRating is 5.
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 suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Sherwin-Williams (NYSE:SHW - News). SHW'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.
Capital One Financial (NYSE:COF - News). COF's PowerRating is 5.
PowerRatings are courtesy of www.PowerRatings.net

Labels: BIDU, BSC, COF, GS, SHW, stock options, UA, XMSR

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 Underpriced 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.
Capital One Financial Corp. Sept 85 Calls (NYSE:COF - News). COF's PowerRating is 5.
Most Underpriced 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.
Baidu.com Sept 160 Puts (NasdaqGM:BIDU - News). BIDU's PowerRating is 3.
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.
Mastercard Inc. Aug 180 Calls (NYSE:MA - News). MA's PowerRating is 7.
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.
Southern Copper Corp. Aug 95 Puts (NYSE:PCU - News). PCU's PowerRating is 4.
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.
Symantec Corp. (NasdaqGS:SYMC - News). SYMC's PowerRating is 5.
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 suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Hovnanian Enterprises (NYSE:HOV - News). HOV'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.
Motorola Inc. (NYSE:MOT - News). MOT's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: BIDU, COF, HOV, MA, MOT, PCU, stock options, SYMC

American Tower (NYSE: AMT): 'I saw the quarter this morning ... I think the tower business is a great business ... I want to reiterate off that great quarter that AMT is best in show.'Crown Castle (NYSE: CCI)Rosetta Resources (NasdaqGS: ROSE): 'I think that ROSE is one of these terrific independent oil companies, that is way behind the group, that should be bought aggressively here, that people do not understand.'MasterCard (NYSE: MA)Schlumberger (NYSE: SLB): 'I believe very strongly that SLB is going higher ... The stock's right at its high. If that stock pulls back to $72-73, yeah, you bet what we're going to do with that one ('mon-back sound)...'Deere (NYSE: DE):'We would much rather own John Deere ... That's the only game in town.'Mosaic (NYSE: MOS)Incyte (NasdaqGM: INCY): 'Yeah, I mean, look, it's a spec ... It's doing fine. It's 50 cents off its high. I'm not backing away from that one. I like that.'Reliance Steel (NYSE: RS): 'I had been tempted - because we'd been up about 25 points from recommending RS - I was tempted to say ring the register, take profit. No. There's still too much opportunity. RS remains on my buy list.'Allegheny Technologies (NYSE: ATI):"The steels are still going higher."Yamana Gold (NYSE: AUY): 'We've caught more than a double there.'Kinross Gold (NYSE: KGC ): ' ... We have started to cotton up to Kinross Gold.'Golden Star Resources (AMEX: GSS )
Bearish calls:
Sirius Satellite Radio (NasdaqGS: SIRI): 'I am increasingly nervous that Mel Karmazen ... is not going to get his wish and make that big merger. If he doesn't, that stock stays... maybe even goes lower. Maybe goes to $2. If he does, you make money. So, you're talking about 80 cents down, and $3 up. Why not pull that off? Because the 80 cents down could out first. Don't buy, don't buy ... I fear that one of those companies will go out of business.'Capital One Financial (NYSE: COF): 'This is very hard ... COF has mortgage problems. And while the mortgage market's gotten better, that acquisition they made of Greenpoint and North Fork - it's not working for them. So I have to tell you - sell, sell, sell!'Daktronics (NasdaqGS: DAKT): 'I want you - even down here - to sell it. Sell, sell, sell! And, I've got tell you something, it's a bit of a trainwreck when it comes to forecasting, and I'm very negative on that.'VeraSun Energy (NYSE: VSE): 'Ix-nay on the ethanol! 'Dendreon (NasdaqGM: DNDN): 'I think a lot of the upside is already in ... I think it's gotten too expensive. I don't think there's any more upside, even with the final approval.'US Gold (AMEX: UXG): 'No, no. We've anointed our gold, and we're not going to deviate.'

Published By SeekingAlpha

Labels: AMT, ATI, CCI, COF, DAKT, DE, GSS, Jim Cramer, KGC, Lightning Round, MA, Mad Money, MOS, RS, SIRI, SLB, UXG, VSE

Bullish
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Research In Motion (NasdaqGS:RIMM - News). RIMM's PowerRating is 8.
5+ Consecutive Lower Lows: These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Krispy Kreme (NYSE:KKD - News). KKD's PowerRating is 7.
2-Period RSI Below 2: These are stocks that have a 2-period RSI reading below 2 and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving with a 2-period RSI reading below 2 have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Urban Outfitters (NasdaqGS:URBN - News) & Jinpan (NYSE:JST - News). URBN's PowerRating is 7, and JST's PowerRating is 8.
Bearish
5+ Consecutive Up Days: These are stocks that have closed up for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that close up for five or more days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge. Historically, these stocks have provided traders with a significant edge.
Intuit (NasdaqGS:INTU - News). INTU's PowerRating is 3.
5+ Consecutive Higher Highs: These are stocks that have made a higher high for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that make higher highs for five or more days have shown negative returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Boston Scientific (NYSE:BSX - News). BSX's PowerRating is 3.
2-Period RSI Above 98: These are stocks that have a 2-period RSI reading above 98 and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving with a 2-period RSI reading above 98 have shown negative returns, on average, 1-day and 1-week later. Historically, these stocks have provided traders with a significant edge.
Capital One Financial (NYSE:COF - News). COF's PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net

Labels: BSX, COF, Hot Stocks, INTU, JST, KKD, RIMM, URBN

Green Day: Foster Wheeler (NasdaqGS: FWLT) and Shaw Group (NYSE: SGR)
Cramer declared April 2, the day the Supreme Court ruled against the EPA for not regulating carbon emissions "Green Day," and announced his decision to devote a week-long series to environmental stocks. He believes this "landmark decision" will put a "higher multiple on everything green," and suggests buying FWLT and SGR. FWLT is "a leader in fluidized bed boilers," which create fewer sulfur dioxide and nitrogen oxide emissions. He added FWLT has a low multiple and predicts it will rise from $68 to $105. Cramer thinks nuclear is the best anti-global warming fuel and likes SGR because it "has a huge inside edge on nuclear projects in the U.S. and abroad," has recently won contracts and expects to attract more in the near future. Cramer concluded these stocks should make people some mad money in a few years.

Kellogg (NYSE: K), Coca-Cola (NYSE: KO), Goldman Sachs (NYSE: GS), Capital One Financial (NYSE: COF)
Cramer doesn't regret his aversion to fearmongering, a strategy which might have won him some media praise, but would have been "painfully wrong." Instead, he is glad he recommended buying KO and K seven weeks ago. Concerning banks, "the second bottom that I called is still happening," he said and predicts analysts will start upgrading these stocks this week. He has no worries about suggesting GS, since it is a cheap financial stock which he feels will go higher. Cramer also is bullish on COF because he feels "the stigma of credit cards is going to go away."
Related: Ticker Sense wonders if GS failure to take part in last week's rally is cause for concern.
Mad Mail: ValueClick (NasdaqGS: VCLK) and aQuantive (NasdaqGS: AQNT), Steel Technologies (NasdaqGS: STTX)Although VCLK and AQNT have risen, Cramer still likes them because they are attractive takeover targets. He told another viewer no one could have predicted the STTX buyout, because the bears were focusing on the excess of steel, and Cramer predicts more consolidation in this area, which will leave only three or four companies standing.
Published By SeekingAlpha

Labels: AQNT, COF, FWLT, GS, Jim Cramer, K, KO, Mad Money, SGR, STTK, VCLK

Symbol
Name
Last Trade
Change
Volume
Related Info
FDC
FIRST DATA CP
32.45 4:00PM ET
5.55 (20.63%)
118,675,759
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
43.59 4:00PM ET
0.06 (0.14%)
89,630,085
Chart, Profile, More
SUNW
SUN MICROSYS INC
5.80 4:01PM ET
0.21 (3.49%)
88,311,934
Chart, Profile, More
SPY
S&P DEP RECEIPTS
142.16 4:15PM ET
0.16 (0.11%)
79,454,680
Chart, Profile, More
INTC
INTEL CP
19.13 4:00PM ET
0.00 (0.00%)
54,267,810
Chart, Profile, More
KFT
KRAFT FOODS INC
30.85 4:00PM ET
0.81 (2.56%)
50,140,924
Chart, Profile, More
F
FORD MOTOR CO
8.09 4:00PM ET
0.20 (2.53%)
44,145,536
Chart, Profile, More
DNDN
DENDREON CORP
14.30 4:00PM ET
1.37 (10.60%)
43,741,541
Chart, Profile, More
MSFT
MICROSOFT CP
27.74 4:01PM ET
0.13 (0.47%)
41,977,553
Chart, Profile, More
SIRI
SIRIUS SATELLITE R
3.15 4:00PM ET
0.05 (1.56%)
39,280,579
Chart, Profile, More
T
AT&T INC.
39.46 4:00PM ET
0.03 (0.08%)
39,047,072
Chart, Profile, More
MOT
MOTOROLA INC
17.56 4:00PM ET
0.11 (0.62%)
36,827,147
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
79.75 4:15PM ET
0.24 (0.30%)
36,559,000
Chart, Profile, More
CSCO
CISCO SYS INC
25.40 4:00PM ET
0.13 (0.51%)
33,531,852
Chart, Profile, More
HAL
HALLIBURTON CO
32.27 4:00PM ET
0.53 (1.67%)
32,974,720
Chart, Profile, More
EMC
E M C CP
14.09 4:01PM ET
0.24 (1.73%)
31,322,734
Chart, Profile, More
PFE
PFIZER INC
25.34 4:00PM ET
0.08 (0.32%)
30,234,224
Chart, Profile, More
TWX
TIME WARNER INC
20.07 4:00PM ET
0.35 (1.77%)
26,781,864
Chart, Profile, More
AMAT
APPLIED MATERIALS
18.36 4:00PM ET
0.04 (0.22%)
25,500,357
Chart, Profile, More
COF
CAPITAL ONE FINANCIA
73.57 4:01PM ET
1.89 (2.50%)
25,366,605
Chart, Profile, More

Labels: AMAT, COF, CSCO, DNDN, EMC, F, FDC, HAL, INTC, IWM, KFT, MOT, MSFT, pfe, QQQQ, SIRI, SPY, SUNW, T, TWX

Gone Fishing: Procter & Gamble (NYSE: PG - News), Colgate (NYSE: CL - News), Clorox (NYSE: CLX - News), General Mills (NYSE: GIS - News), Heinz (HZ), Altria (NYSE: MO - News), Pfizer (NYSE: PFE - News), Eli Lilly (NYSE: LLY - News), Celgene (NasdaqGS: CELG), Gilead (NasdaqGS: GILD)
Following Tuesday's massive selloff, Cramer says its time to go fishing for stocks that have bottomed, a technique that is really "more of a science than an art." First, investors should cast their lines "gingerly and steadily," have a strategy and patience, since not all sectors bottom at the same time. For example, food and drug stocks bottomed "because the slowdown camp is now in charge on Wall Street." Although it is reasonable to question the wisdom of jumping behind defensive stocks, Cramer recommends following where the big money leads. In addition, he thinks perceptions of market sluggishness might influence the Fed to cut interest rates. Although he thinks PG is too high, Cramer suggests buying CL, CLX, GIS and HZ, and especially likes MO because it has a "sweet 4% yield" and is splitting up. Cramer rejects LLY and PFE because he sees them as risky and doesn't predict much upside; he would instead pick up biotechs CELG and GILD.
Falling Financials : Goldman Sachs (NYSE: GS - News), Capital One Financial (NYSE: COF - News), Bank of America (NYSE: BAC - News), T. Rowe Price (NasdaqGS: TROW), Citigroup (NYSE: C - News)
Cramer sees a bottom in financials in two weeks, noting "subprime lenders are busted," which will cause the Fed to lower rates. He has confidence in banks and brokers and comments when the "big money decides to join the smart money, the financials will fly." He comments that GS and COF perform "fabulously" when short-interest rates go below long-interest rates. He also recommended BAC, TROW and even Citigroup.
Published By SeekingAlpha

Labels: BAC, C, CELG, CL, CLX, COF, GILD, GIS, GS, Jim Cramer, LLY, Mad Money, MO, pfe, PG

Foreign Exchange: Companhia Vale do Rio Doce (NYSE: RIO - News), BHP Billiton (NYSE: BHP - News), Rio Tinto (NYSE: RTP - News)
Cramer sees solid growth potential in foreign stocks, especially since they free the investor from Fed obsession. He says that foreign stocks can safely comprise up to 20% of a porfolio, and that while emerging markets may be a rough ride, there is no reason to be afraid of them. Cramer likes Brazilian companies RIO, BHP and RTP with RIO heading the list because of its acquisition of Canadian-based Inco, giving RIO a "hammerlock" on the metal. Nickle is going up while most other commodities are sluggish, and Cramer says that RIO is an exception to his rule about Latin American companies and can be a keeper rather than merely a trade. He adds that RIO is "dirt cheap," and he sees "endless upgrades" on RIO's horizon.
Oil Services Holdrs (AMEX: OIH - News), Schlumberger (NYSE: SLB - News)
A fall in oil prices caused a decline for OIH along with the entire sector until SLB reported a "ridiculously good" quarter, raised its dividend by 40% and revived oil, even through prices kept going down, observed Cramer. SLB was able to "turn bears into buyers" by stating in its conference call that the need for oil service stock is strong in spite of the fall in oil prices, which will not return to the $30s and $40s. SLB added that it expects to see " consistent high growth through the end of the decade." Cramer declared that oil stocks are a buy on weakness, particularly foreign companies because he is concerned about domestic drilling.
Capital One Finance (NYSE: COF - News)
In spite of its worse-than-expected earnings guidance on Thurday, COF jumped from $73 to $79 on Friday, mainly because the number of delinquencies decreased, a factor which raised COF's multiple. Since delinquencies have been reduced, Cramer trusts COF's earnings, comments that the stock is cheapnow and is going to $100, and calls it a triple buy.
CEO Interview: Joel Moskowitz, Ceradyne (NASDAQ: CRDN - News)
Cramer asked Joel Moskowitz about the recent Friedman Billings' report that there would be a decreased demand for body armor. Moskowitz responded "We have more orders for armor going into 2007 than we've had in the history of the company." In addition, he expects additional orders for 2007 and 08 because of "extended conversations" with the US government. Cramer commented that he is adhering to his bull stance on CRDN which is a "moneymaker."
Published by SeekingAlpha

Labels: BHP, COF, CRDN, Jim Cramer, Mad Money, OIH, RIO, RTP, SLB

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.
Capital One Financial Feb 80 Calls (NYSE:COF - News). COF's PowerRating is 4.
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.
Apple Inc. Feb 85 Puts (NASDAQ:AAPL - News). AAPL's PowerRating is 7.
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.
Intuitive Surgical Feb 100 Calls (NASDAQ:ISRG - News). ISRG's PowerRating is 4.
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.
Diamond Offshore Drilling Feb 75 Calls (NYSE:DO - News). DO'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.
Las Vegas Sands (NYSE:LVS - News). LVS' 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 suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Deckers Outdoor (NASDAQ:DECK - News). DECK's 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.
Novellus Systems (NYSE:NVLS - News). NVLS' PowerRating is 7.
PowerRatings are courtesy of PowerRatings.net

Labels: AAPL, COF, DECK, DO, ISRG, LVS, NVLS, stock options

A slug of disappointments in technology caused a rotation from “the rotation.” Elsewhere though, strength in the energy complex and less lofty expectations helped keep the schnitzeling to a minimum and the bull at large still hanging in there. For the four-day period, the S&P500 ($SPX) and NASDAQ Composite ($COMPQ) are showing very mixed results from a virtually unchanged decliner of just -.02%, to a much larger -2.06% bit of expired bull.The past week brought home the fact that the market is indeed made up of individual stocks. Large-cap tech—an area of late that’s seen a heavy rotation by institutional money in search of a new home—took the path less traveled. The quick workout on heavyweight tech contenders started off with a sales warning from security software powerhouse Symantec (SYMC), an influential downgrade of key players in the semis (SMH, KLAC, LRCX, NVLS), and two brokers chiming in with reductions to “neutral” on networking giant Cisco (CSCO). A narrowing of gross margins and lackluster guidance by Intel (INTC) didn’t help matters for tech bulls, nor did Apple’s (AAPL) earnings disappointment Wednesday evening. The current crown jewel beat bottom line estimates by 36 cents. However, guidance was reduced by management and shipments of the ever-popular iPod and Mac products were seen as being at the low end of expectations. In Friday’s session, reduced margins resulting in a ‘light’ penny beat at Big Blue (IBM) didn’t compute for bulls. In each case, the individual issues experienced what many might call an inflated disappointment, with investors simply looking to focus on the worst that each report had to offer. With all of the aforementioned being at or near 52-week highs, or better, and Wall Street having made an ‘all in’ move into the group of late, some might also call the action deserved. Black Gold (USO) pushed lower and hit below $50 a barrel for the first time in more than two years. On the week, the futures contract finished down a point at 51.99. Interestingly enough, the ‘profit-engine’ of the energy complex (XLE, OIH) managed to find a bid for the four-day period after its own severe slide. Value hunters and shorts covering were helped along in Friday’s trade by Schlumberger’s (SLB) better-than-expected earnings and a group whose bearish consensus outlook is fertile ground for contra trend reactions. The broader market as represented by the S&P500 can certainly thank the influence that the energy complex carries with it, in keeping profit-taking to a bare minimum. Lowered expectations of earnings (outside of technology) has also helped somewhat. Reactions on the week were generally mixed and the reports themselves didn’t offer up any type of unified and strong guidance for investors. However, Wall Street was able to keep the pains felt in tech names an isolated condition. That might be seen as a small victory for bulls. Names offering up decent results this past week include Wells Fargo (WFC), Harley (HOG), Johnson Controls (JCI) and Capital One (COF). Economic data this past week continued to hint at a slightly stronger economy than expected—focused on inflation pressures, but not reacting to the news either way. Better-than-expected reports on housing starts, industrial production and regional manufacturing reflected underlying growth. Also, weakening trends in energy and commodity prices helped keep price concerns muted and the bulls somewhat supportive of market prices. Other data however, hindered any further rally attempts. A tighter-than-expected labor market via the weekly claims report [sub 300K second week] is keeping the theme of wage-based inflation on traders’ minds. Further, neither the CPI nor PPI releases were able to show any type of clear moderation in prices of yet. With a year-over-year reading of the core CPI at 2.6%, that figure remains elevated, but not significant enough to warrant the Fed to shift policy. All said and done, with the widely followed 10-Year unchanged on the week at 4.77% and the S&P500 virtually unchanged, traders’ will have plenty of fresh catalysts this week to inspire. ON TAP THIS WEEKHeading into the week, potential market catalysts are riding heavily on 4th quarter earnings reports. This week will be the first of the season offering a full five days of corporate results and a calendar filled with promise from the likes of Texas Instruments (TXN),