Jim Cramer Blog

Altria (MO), Bank of America (BAC), Chevron (CVX), Honeywell (HON), Conco-Phillips (COP), Freeport-McMoran (FCX), Schlumberger (SLB), American International Group (AIG), Pfizer (PFE), Cisco (CSCO)
Cramer was disappointed with Dow Jones' facelift which involved getting rid of Altria, and Honeywell, and adding Bank of America and Chevron. Three economic themes Cramer thinks should have been expressed in the Index changes are the growing importance of natural resources, the dwindling power of the financial sector and international growth. None of these themes were reflected in today's choices, Cramer commented. He said a financial should have been removed rather than added to the Dow, COP would have been a better choice than CVX, and would have considered including FCX or SLB in addition to keeping HON. He would have dropped AIG which is a travesty masquerading as an insurance company whose CEO, Martin Sullivan, was recently added to Cramer's Wall of Shame. He would also give Pfizer the pink slip, and would consider adding CSCO, since it is diversified.
Raytheon (RTN)
In spite of Goldman's Sachs note of Early indications of slowing growth in defense spending..., the military budget keeps growing; President Bush is asking for a $515 million for 2009 which is a 7.5% increase. Cramer likes RTN in this space because it has strong international sales, and is up 25% since Goldman's downgrade last March, but he would wait for a pullback before buying.
McDonald's (MCD), Darden (DRI)
One month of data does not justify a bearish position on a restaurant stock, said Cramer, noting McDonald's $6 rise since Bear Stearns hastily downgraded the stock for weak December same store sales (January same store sales increases 5.7%) An even faster kneejerk (or, rather, prejerk) occurred when Darden was downgraded only a few minutes before its better-than-expected guidance was released. The moral of the story, according to Cramer, is that when analysts unfairly downgrade stock on scant data, it is time to buy. Cramer would buy MCD now even though it has risen a bit.
Published By SeekingAlpha

Labels: AIG, BAC, COP, CSCO, CVX, DRI, FCX, HON, Jim Cramer, Mad Money, MCD, MO, pfe, RTN, SLB

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Bebe Stores (NasdaqGS:BEBE - News) beat earnings expectations on Thursday afternoon, reporting $0.26 EPS versus a consensus of $0.25 EPS. BEBE's PowerRating (for Traders) is 4
Google (NasdaqGS:GOOG - News) missed earnings on Thursday, announcing $4.43 EPS versus expectations of $4.45 EPS. GOOG's PowerRating (for Traders) is 4.
Agilysys (NasdaqGS:AGYS - News) reports earnings on Friday before the market opens, with traders looking for $0.20 EPS. AGYS's PowerRating (for Traders) is 3.
Arch Coal (NYSE:ACI - News) is poised to announce $0.47 EPS before the bell on Friday morning. ACI's PowerRating (for Traders) is 4.
Analysts are looking for Chevron (NYSE:CVX - News) to report $2.24 EPS before the market opens on Friday. CVX's PowerRating (for Traders) is 4.
When Exxon Mobil (NYSE:XOM - News) reports quarterly results on Friday morning, look for $2.26 EPS. XOM's PowerRating (for Traders) is 4.
NYMEX (NYSE:NMX - News) should announce $0.66 EPS tomorrow morning before the market opens. NMX's PowerRating (for Traders) is 3.

Labels: ACI, AGYS, BEBE, CVX, GOOG, Hot Stocks, NMX, XOM

The Fed's creation of a temporary term auction facility to help ease the pain felt in the credit markets was "just another stupid thing that they did," Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
"The proof is in the pudding," Cramer said. "What's the group that acts the worst today? The group that this is was meant for!" He noted that although Apple (AAPL), Chevron (CVX), Exxon Mobil (XOM) and Google (GOOG) responded well to the market, the financial sector was performing poorly on the news.
"They should have changed the statements to 50 basis points - merry Christmas, do your best," Cramer said. Instead, "Their amount of action ... a day's worth of Washington Mutual's (WM) problems."
Cramer suggested that the Federal Reserve members resign. "You are running some kind of offense that no one understands. ... These guys are really jokers." He cited the Fed's lack of experience in the markets as the source of their ineptitude. "They never sat on the desk," he said. "Go sit on a desk at Merrill Lynch (MER)."
Published By TheStreet.com

Labels: AAPL, CVX, GOOG, Jim Cramer, Mad Money, Stop Trading, WM, XOM

Triple-S Management (GTS)
True success stories on The Street may be harder to find these days, but Cramer has observed the progress of non-profit Blue Cross Blue Shield companies that turn into public for-profit companies and found in their first four years the stocks had increased an average of 28%. He would consider Triple-S Management (GTS) which went public last week and has yet to set the sector on fire, since it opened only 16 cents above its $14.50 and undershot its projected range of $16-$18. Cramer said the companies contracts will become profitable and warned investors to do homework before buying and to use limit orders.
CEO Interview: Jack Cumming Hologic (HOLX)
Cramer likes HOLX for its visibility, growth and clean balance sheet and asked Jack Cumming about the merger with Cytic which was closed on Oct 22 and is running ahead of schedule. Cumming discussed the company's $1.3 billion convertible bond offering as a strategy to eliminate debt. Concerning competitors, He noted HOLX entered the scene two years behind its main rivals and is nine months ahead on the race for digital mammography. "We believe that when you have nine No 1. products, you're expected to grow at a fantastic rate," Cumming said.
Live with Regis' Portfolio: JDS Uniphase (JDSU), Time Warner (TWX), Advanced Micro Devices (AMD), LSI Logic (LSI), Unisys (UIS), Freeport-McMoRan (FCX), McDonald's (MCD), CVS Caremark (CVS), Oceaneering (OII), Transocean (RIG), Chevron (CVX)
Regis told viewers not to worry about holiday retail sales, since people are lining up outside stores, and Cramer reviewed Regis' portfolio. First, he told Regis he missed the ideal opportunity to sell Time Warner, which rose recently, and would sell it now. He also told Regis to sell AMD, since the company is having trouble with its next chip and has Hector Ruiz at the helm. The ticker JDSU stands for "just don't sue us," said Cramer and he told Regis to sell. He gave LSI a "tepid buy" and added "it has a shot at coming back," but Cramer told Regis Unisys was one big "house of pain." Cramer suggested Regis replace these names with FCS, MCD, CVS, OII, RIG and CVX.
Teledyne Technologies (TDY), Ansys (ANSS)
Cramer says TDY and ANSS are two "Upod artists" that overpromise and underdeliver; "Upod works because the bedrock predictor is the trumping of earnings estimates," he said. TDY is tapped into aerospace and oil, has exceeded estimates an average of 15% per quarter, has made smart acquisitions and is cheap, but Cramer would wait for it to dip before buying. Ansys is the "market leader" in simulation and software, has strong overseas exposure, 68% return business and has exceeded estimates 40 consecutive times. The stock may seem expensive, but it is growing at an impressive 19% and should be trading at a higher multiple.
Published By SeekingAlpha

Labels: AMD, ANSS, CVS, CVX, FCX, GTS, HOLX, JDSU, Jim Cramer, LSI, Mad Money, MCD, OII, RIG, TDY, TWX, UIS

The Dow closed up 51 points and the S&P 500 finished up 6 points. Crude oil is closing in on $100 as we near Thanksgiving. John Kilduff, an analyst at MF Global, joined the show to discuss his take on oil. He predicts the top on crude could be in area of $108 to $110. Adami favors Chevron (CVX), which he feels is cheaper then ExxonMobil (XOM). He advises looking at refiners like Tesoro (TSO) here. Finerman owns Tesoro and she is also looking at buying ConocoPhillips (COP).
Regional airlines are benefiting from the delays and congestion at larger airports. Airlines like Midwest (MEH) and Allegiant (ALGT) are benefiting from this trend. Adami says the way to play this trend is to buy the private jet makers like Textron (TXT), General Dynamics (GD), Embrear (ERJ) and Honeywell (HON).
For Defensive stocks Najarian likes Merck (MRK), Genentech (DNA) and Biogen (BIIB). However, Finerman would get defensive with names like Altria (MO) and Kraft (KFT). Adami also recommends Altria, Unilever (UL) and Procter & Gamble (PG).
Word on the Street
Target (TGT) reported a 4.4% fall in profits.
Whole Foods Market (WFMI) reported a decline in fourth-quarter profits, but sales top Wall Street estimates.
Google (GOOG) trades up 4% after Credit Suisse raised their price target to $900. Najarian believes names like Research In Motion (RIMM), Google and Apple (AAPL) are starting to show strength again. He would look to get back into these stocks around these levels. Adami prefers Microsoft (MSFT).
Najarian would keep an eye on ISIS Pharmaceuticals (ISIS) and Sangamo Biosciences (SGMO).
Pops & Drops
Pops - Barnes & Noble (BKS) traded up 13% after reporting higher internet sales.
Exxon (XOM) traded up 4% after UBS upgraded the stock.
Kraft (KFT) traded up 2%.
Utilities EFT (XLU) traded up 1%.
Drops - Office Depot (ODP) fell 7% after reporting a 9% decline in profits.
Echostar (DISH) fell 7%
Ericsson (ERIC) fell 12%
Hovnanian (HOV) fell 9%.
GameStop (GME) fell 4% after the video game maker missed analyst estimates.
Saks (SKS) fell 2% after missing estimates.
Final Trade
Macke likes the price action in Microsoft (MSFT).
Adami recommends Freeport McMorRan (FCX).
Finerman says to short the iShares Dow Jones US Real Estate ETF (IYR).
Najarian would purchase Pulte Homes (PHM) for a short term buy.

Labels: ALGT, BIIB, CNBC, CNBC's Fast Money, COP, CVX, erj, Fast Money, GD, GOOG, HON, MEH, MRK, PG, TGT, TSO, TXT, UL, WFMI, XOM

It was a roller-coaster ride for stocks to end the trading week, as Wall Street weighed a solid jobs report with soaring oil prices and a troubled financial sector that continues to battle credit concerns. The Dow bounced off its lows to close higher for the day finishing at 13,595. Meanwhile, the Nasdaq and S&P each rebounded from earlier lows to close at 2,810 and 1,510, respectively. Oil prices rose on the session to close the week at $95.58 a barrel for December delivery. Treasury prices and gold both gained in trading, with gold ending at $808.50 on the day. The dollar fell against the euro, but rose against the yen.
On the economic front, a report from the U.S. labor department showed that employers increased payrolls by a surprisingly strong 166,000 jobs in October, the biggest jump in five months, and nearly double what analysts were expecting. The improved labor report did little to boost Wall Street confidence, however, as investors continued to struggle with rising commodity costs, a weak financial sector, and news that the Fed may pause its rate cutting trend on inflation concerns.
In earnings news, Chevron (NYSE: CVX - News) reported a drop in third-quarter profit as tighter U.S. refining margins took a toll. The nation's second-largest oil company said net income fell in the quarter to $3.72 billion, or $1.75 per share, versus $5.02 billion, or $2.29 per share, last year. Quarterly revenue also declined to $55.17 billion from $54.21 billion a year ago. On average, analysts were expecting earnings of $2.07 per share on revenue of $58.29 billion. Chevron's stock was down -0.6% in trading.
Health insurer Cigna (NYSE: CI - News) said third-quarter net income increased to $365 million, or $1.28 per share, up 22% from $298 million, or 92 cents per share, a year ago. Adjusted income excluding special items was $323 million, or $1.14 per share, versus $268 million, or 83 cents per share, last year. Total revenue in the quarter was $4.41 billion, up from $4.14 billion in the 2006 period. Analysts were looking for EPS of 94 cents on revenue of $4.41 billion. Shares of Cigna were down -3.5% for the day, however, as the company predicted full-year 2008 earnings per share of $4.00-$4.20, missing analyst expectations of $4.23 per share.
NYSE Euronext (NYSE: NYX - News) reported a 279% increase in profit for the third quarter. The company announced Q3 net income of $258 million, or 97 cents per share, up from $68 million, or 43 cents per share, last year. Excluding one-time costs, the company said it earned $202 million, or 76 cents per share. Revenue in the quarter jumped to $1.2 billion from $602 million in the prior year. Analysts had predicted a profit of 73 cents per share on revenue of $823.5 million. The stock fell -0.5% on the day.
In other corporate news, several media sources reported that Citigroup's (NYSE: C - News) board of directors has called an emergency meeting for this weekend. Although the meeting's agenda was not immediately clear, it is widely speculated that the topic of future write-downs may be discussed as well as the future of CEO Chuck Prince.
By the BullMarket.com Staff

Labels: C, CI, CVX, NYX

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Electronic Arts (NasdaqGS:ERTS - News) beat earnings on Thursday with $0.27 EPS over an expected $0.20 EPS. ERTS's PowerRating (for Traders) is 5.
Bebe Stores (NasdaqGS:BEBE - News) missed earnings expectations on Thursday afternoon, with $0.16 EPS versus a consensus of $0.17 EPS. BEBE's PowerRating (for Traders) is 5.
Verisign (NasdaqGS:VRSN - News) also missed earnings, with $0.26 EPS versus expectations of $0.27 EPS. VRSN's PowerRating (for Traders) is 6.
Chevron (NYSE:CVX - News) reports earnings on Friday before the market opens, with analysts looking for $2.05 EPS. CVX's PowerRating (for Traders) is 6.
When Duke Energy (NYSE:DUK - News) reports quarterly earnings tomorrow morning, analysts will be watching for $0.39 EPS. DUK's PowerRating (for Traders) is 4.
International Paper (NYSE:IP - News) is looking to report $0.57 EPS on Friday morning before the market opens. IP's PowerRating (for Traders) is 4.
Analysts are watching for NYSE Euronext (NYSE:NYX - News) to report $0.72 EPS on Friday before the market opens. NYX's PowerRating (for Traders) is 5.

Labels: BEBE, CVX, DUK, ERTS, Hot Stocks, IP, NYSE Euronext Inc., NYX, VRSN

Buy Costco (COST), Jim Cramer said Wednesday on CNBC's Stop Trading! segment.
Cramer said the warehouse retailer is uniquely attractive to shoppers because it's an ever-changing experience. "They have an exciting thing," he said. "They made it so you can't regard it as a Wal-Mart (WMT) or a Target (TGT )."
Cramer likes Gap (GPS) because of the incentives set up for new management.
Cramer still likes refiners Valero (VLO), Chevron (CVX) and Conoco (COP) despite recent warnings by Valero and Chevron, because he says recent weeks have seen refining margins "explode."

Labels: CNBC's Stop Trading, COP, COST, CVX, GPS, Jim Cramer, Stop Trading, TGT, VLO, WMT

Chevron Corporation (NYSE: CVX - News) today reported in its interim update for the third quarter 2007 that net income is expected to be significantly below the record $5.4 billion earned in the second quarter 2007.
The lower projected earnings are mainly the result of a sharp decline in refined-product margins for the downstream business and the impact of nonrecurring items. In the second quarter, nonrecurring items included a benefit of $680 million from the company's sale of its common stock investment in Dynegy Inc. Third quarter results are expected to include an approximate $260 million gain on the sale of the company's marketing assets in the Benelux countries. Nonrecurring net charges in the third quarter are projected to be approximately $700 million. These charges include asset impairments, environmental remediation provisions, income tax adjustments, asset retirement obligations, and severance provisions.

Labels: Chevron Corp., CVX

Bullish:
Cisco (CSCO): if you want to be in tech.
J.C. Penney (JCP): He thinks that this stock is undervalued and is a buy at this price.
Integrated oil companies like ConocoPhillips (COP), Chevron (CVX), and Exxon Mobil (XOM) are better plays.
American Eagle (AEO), Abercrombie & Fitch (ANF) or Aeropostale (ARO), in that order.
Kellogg (K): Cramer is bullish on Kellogg, as well as General Mills (GIS) and ConAgra (CAG).
Cramer is sticking with Baidu.com (BIDU) as the best China play.
Cramer likes NVIDIA (NVDA), Texas Instruments (TXN), and Intel (INTC)

Bearish:
Xerox (XRX)
American Capital Strategies (ACAS): Cramer's undecided on the stock, so he's avoiding it.
Tesoro (TSO): Cramer thinks gas prices aren't high enough to be in a refiner,
Luxottica (LUX): "Don’t buy!"
Hot Topic (HOTT)
Aluminum Corp. of China (ACH)
American Superconductor (AMSC)

Labels: ACAS, AEO, ANF, ARO, BIDU, CAG, COP, CSCO, CVX, GIS, INTC, JCP, Jim Cramer, Lightning Round, Mad Money Lightning Round, NVDA, TXN, XOM, XRX

Procter & Gamble (PG): Procter & Gamble is cheap to the mid-$70s. Stay in it.

Dominion (D): Cramer gives it the triple buy!

Omniture (OMTR): "Stock is going to $35. Do not sell."

Boeing (BA): Sotck goes to $120. Boeing "all aboard."

Ceragon Networks (CRNT): "Just go buy Cisco (CSCO)"

Intuitive Surgical (ISRG): Wait until you have $10,000 or more. Cramer endorses the stock.

Archer Daniels Midland (ADM): Buy Deere (DE), Monsanto (MON), and Bunge (BG) instead. "52 week high."

Seagate (STX): Cramer doesn't like the disk drive stocks, and thinks you should go with Intel (INTC) or Hewlett-Packard (HPQ).

Chevron (CVX): Cramer thinks you have to own the stock unless you own ExxonMobil (XOM) or ConocoPhillips (COP).

Labels: ADM, BG, COP, CRNT, CSCO, CVX, D, DE, HPQ, INTC, ISRG, Jim Cramer, Lightning Round, Mad Money, MON, OMTR, PG, STX, XOM

Stocks went on a roller-coaster ride today following large losses yesterday. Towards the close, the selling intensified, with the Dow ending down -208 points, the Nasdaq losing -37, and the S&P 500 finishing the session -24 points lower. Upbeat GDP data could not revive stock prices as investors did not want to hold stocks heading into the weekend. Oil, meanwhile, rose $2.07 to close at $77.02.
In economic news, the Commerce Department said Gross Domestic Product (GDP) rose a better-than-expected 3.4% in the second quarter. Wall Street economists were expecting a gain of 3.2%. The personal expenditure index, a key gauge of inflation, rose 4.3% in the second quarter. Adding to the economic data was the Reuters/University of Michigan Consumer Confidence Index, which rose to 90.4 from 85.3 in June.
Corporate earnings continued to filter in on the last day of trading for the week. Oil giant Chevron (NYSE: CVX - News) reported that its second-quarter profit climbed 24% to $5.38 billion, or $2.52 cents a share, up from $4.35 billion, or $1.97 cents a share, last year. Revenues hit $56.09 billion, up from $53.54 billion in the same quarter a year ago. Excluding a gain from the sale of Dynegy (NYSE: DYN - News) stock and a loss related to debt redemption, EPS would have been $2.37, which on that basis would have beat consensus estimates by 7 cents.
Elsewhere, Fortune Brands (NYSE: FO - News) said net income came in at $232 million, or $1.48 a share, down -6% from the $247.8 million, or $1.63 a share, it recorded last year. The decline was attributable to a tax-related gain last year. Excluding a restructuring charge, EPS was $1.53, which handedly beat analyst estimates of $1.44. Net sales rose 4% to $2.35 billion on strength of Spirits and its golf business. Shares rose 1.5% on the session.
In M&A, medical technology company Medtronic (NYSE: MDT - News) agreed to acquire Kyphon (Nasdaq: KYPH - News) for $3.9 billion, or $71 a share. The deal represents a premium of 36% over where Kyphon's stock closed yesterday. The deal will help Medtronic expand its growing spinal treatment business.
In other news, shares of clothing retailer Gap (NYSE: GPS - News) rose 5.2% after the company announced that it has hired Glen Murphy as CEO. Murphy is a veteran of the food and drug industry. He will replace Robert Fisher.
By the BullMarket.com Staff

Labels: CVX, DYN, FO, GPS, KYPH, MDT

Chevron Corp.'s profits surged to a new high during the second quarter as the nation's second largest oil company cashed in on higher gasoline prices and cashed out of a major investment.

The San Ramon-based company said Friday that it earned $5.38 billion, or $2.52 per share, during the three months ended June 30. That compared with net income of $4.35 billion, or $1.97 per share, a year earlier.
The performance outstripped the second-quarter showings of four other major oil companies that released their results earlier this week. Exxon Mobil Corp. and ConocoPhiillips each reported a lower profit, while BP PLC posted a modest earnings increase. Royal Dutch Shell PLC reported an 18 percent earnings increase that was largely propelled by asset sales.
For Chevron, the latest profit represents the most money that company has made in any three-month period during its 128-year history, smashing its previous record of $5.02 billion set in last year's third quarter.

Labels: Chevron Corp., CVX

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Baker Hughes (NYSE:BHI - News) reports earnings on Friday before the bell; watch for $1.11 EPS. BHI's PowerRating is 6.
Chevron (NYSE:CVX - News) hopes to report $2.28 EPS on Friday morning before the bell. CVX's PowerRating is 6.
Clear Channel Communications (NYSE:CCU - News) is expected to announce $0.43 EPS on Friday before the market opens. CCU's PowerRating is 6.
Constellation Energy (NYSE:CEG - News) is looking to report $0.74 EPS when the company announces earnings on Friday morning. CEG's PowerRating is 7.
Fortune Brands (NYSE:FO - News) should report $1.44 EPS early Friday. FO's PowerRating is 4.
Anaylsts expect Ingersoll-Rand (NYSE:IR - News) to report $0.95 EPS Friday morning. IR's PowerRating is 7.
When Lubrizol (NYSE:LZ - News) announces quarterly earnings tomorrow morning, look for $1.13 EPS. LZ's PowerRating is 6.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: BHI, CCU, CEG, CVX, FO, Hot Stocks, IR, LZ

Greed is Bad: Caterpillar (NYSE: CAT - News), Google (NasdaqGS: GOOG - News), Texas Instruments (NYSE: TXN - News), NVidia (NasdaqGS: NVDA - News), Advanced Micro Devices (NYSE: AMD - News), Corning (NYSE: GLW - News), Apple (NasdaqGS: AAPL - News), Bunge (NYSE: BG - News), Celgene (NasdaqGS: CELG - News), Cummins (NYSE: CMI - News),Level 3 Communications (NasdaqGS: LVLT - News), Chevron (NYSE: CVX - News) and ExxonMobil (NYSE: XOM - News), Countrywide Financial (NYSE: CFC - News), Amazon (NasdaqGS: AMZN - News), Boeing (NYSE: BA - News), Colgate (NYSE: CL - News), ConocoPhillips (NYSE: COP - News),
Cramer's said his Game Plan is a bit different this week; he is listing stocks reporting next week, but wants viewers to buy only one (Corning) before its report. While he is bullish in general and still believes the Dow will hit 14,500 by the end of the year, he admits things have been a bit precarious with the disappointing Google and CAT quarters, and suggests taking some profits to avoid being dangerously greedy. Cramer calls Google a "show me" company which has to prove that it can monetize its new hires, or face a decline. While he had faith in CAT for its international exposure, the culprit was "housing, which is so horrible that it brings down anything it touches." However, he thinks the stock will regain its momentum and eventually reach $120. Cramer discussed next week's earnings reports:
Monday: Cramer would buy TXN, his favorite semiconductor, if there is a decline after the report. He suggests selling some NVDA, which is up 6 points, and would buy some back if it gets knocked down by AMD's analyst meeting.
Tuesday: CFC is "the biggest and best view" of how housing really is .... "its really bad," and remarked that the Fed will only notice when a bank, broker or major homebuilder goes under. "Hobbled horseman" Amazon will be viewed negatively no matter what it says, so Cramer would buy on a decline.
Wednesday: BA's consistency during the selloff was impressive, said Cramer who predicts the stock is going to 120. He added if it drops to below $100 before its report, he might buy. While CL is a "classic weak dollar" play, it is a bit high. While COP may face a downgrade, Cramer would buy it on a decline because he predicts it will reach $120. Cramer called GLW "the gold star" and said it is the only stock he would buy ahead of its quarter next week, because doesn't think the company would raise its dividend and buy back stock right before a major disappointment. Cramer would sell some Apple since "hogs get slaughtered."
Thursday: Since Bunge rose after last quarter's decline, Cramer predicts a repeat performance and would buy Bunge when it drops. Cramer likes Celgene long-term and recommends picking some up when it declines. Although he thinks Cummins is not finished with its run, he would take some profits, especially after CAT's upset. No one will like Level 3 Communciation's quarter, said Cramer, and he would buy this stock which is a great play on internet video.
Friday: "Wake up and smell the gasoline!" said Cramer, remarking it is greedy to stay in CVX and XOM without selling a little.
French Foreign Legion of Oil Companies: Total S.A. (NYSE: TOT - News)
Cramer continued his series on European stocks with Total, a massive integrated oil with strong production and refining assets in 27 countries. He thinks TOT is as good as Exxon, better than Chevron, and is cheaper than other major oil companies. He also thinks TOT is better and cheaper than European oils BP and Shell. TOT has a 13% stake in Sanofi Aventis, the French drug company, and Cramer hopes TOT will sell some and use the cash for "oil-related activity."
On Speculation: Tessera Technologies Inc. (NasdaqGS: TSRA - News)Cramers speculative pick for Friday is TSRA, which specializes in miniature technologies, which is a hot area since 80% of the Dram memory industry uses TSRA's technology. TSRA licenses its technology, so it has no inventory to move, and since Microsoft's Vista will be memory-intensive, there will be more demand for TSRA's technology. While the company is involved in a lot of lawsuits, TSRA is winning the cases and protecting its intellectual property. Finally, the 20x multiple is cheap considering its 31% growth rate.
CEO Interview: CEO T.J. Rodgers Cypress Semiconductor (NYSE: CY - News) and SunPower (NasdaqGM: SPWR - News)
Cramer congratulated Rodgers on a "magnificent quarter" and added that CY would be undervalued at $800 million if it spun off its power systems and services company, SunPower. Rodgers responded that while investors sometimes give him "heat" about holding on to SPWR, "the overall value of the company is reasonable." Cramer called Rodgers a visionary and a moneymaker.
Published by SeekinAlpha

Labels: AAPL, AMD, AMZN, BA, BG, CAT, CELG, CFC, CL, COP, CVX, GLW, GOOG, Jim Cramer, Mad Money, NVDA, TSRA, TXN, XOM

Valero (NYSE: VLO), Chevron (NYSE: CVX): Cramer declared he's "had enough of Valero" after touting it as cheap for a long time. With the advent of summer driving season, the peak in refinery margins ends, Cramer said. Following its big run, he would sell CVX, which is a stock Cramer was bullish on even as "the shorts were emailing me and calling me a crime against humanity."
JMP Group (NYSE: JMP): Concerning this IPO, Cramer said, "I think this is a great niche investment bank, without a lot of risk ... it's a sleeper."
Cabela's (NYSE: CAB): Cramer said he "got burned" on this ammunition company because people don't drive their gas-guzzling sports utility vehicles 200 miles to go hunting, and he comments this retail stock is the hardest hit by gas prices.
Published By SeekingAlpha

Labels: CAB, CVX, Jim Cramer, Jim Cramer's Stop Trading, JMP, VLO

Here are 7 stocks for traders for Friday from TradingMarkets.com:
MEMC Electronic Materials (NYSE:WFR - News) beat earnings on Thursday, announcing $0.71 EPS over estimates of $0.69 EPS. WFR's PowerRating is 3.

Microsoft (NasdaqGS:MSFT - News) beat earnings on Thursday afternoon, with $0.49 EPS over an expected $0.46 EPS. MSFT's PowerRating is 5.
Alltel (NYSE:AT - News) announces earnings on Friday before the open, with analysts looking for $0.66 EPS. AT's PowerRating is 5.
Burger King (NYSE:BKC - News) reports earnings Friday afternoon; watch for $0.22 EPS. BKC's PowerRating is 6.
When Chevron (NYSE:CVX - News) reports quarterly earnings early Friday, analysts will be looking for $1.68 EPS. CVX's PowerRating is 5.
Goodyear Tire (NYSE:GT - News) should announce -$0.01 EPS before the bell on Friday. GT's PowerRating is 5.
Analysts will be watching for Waste Management (NYSE:WMI - News) to announce $0.36 EPS before the market opens tomorrow. WMI's PowerRating is 4.
PowerRatings are courtesy of PowerRatings.net

Labels: AT, BKC, CVX, GT, Hot Stocks, MSFT, WFR, WMI

Oil is Well: BP (NYSE: BP - News), Exxon Mobil (NYSE: XOM - News), ConocoPhillips (NYSE: COP - News), Chevron (NYSE: CVX - News), Schlumberger (NYSE: SLB - News), National Oilwell Varco (NYSE: NOV - News), GlobalSantaFe (NYSE: GSF - News), Halliburton (NYSE: HAL - News), KBR (NYSE: KBR - News) and Transocean (NYSE: RIG - News)
Cramer sees buying opportunity in the oil sector because market players are "not looking at the right things" but are instead paying attention to weather and inventory numbers. "Base your decisions on how its customers are doing," urged Cramer, saying earnings are not a good indicator right now, and the only major integrated oil he is recommending is BP, based on its yield rather than its earnings. "The only safe and profitable place to be" is drilling, commented Cramer, and he cited a XOM statement that it had been too conservative with oil production and said he expects to hear the same thing from COP and CVX. Cramer would buy deepwater drillers ahead of analyst meetings, picked only five worth owning in 2007 and ranked them in descending order.
5. Schlumberger: an undervalued stock4. National Oilwell Varco: The only company that develops rigs that dig deeply enough. NOV has "years of backlog" which should keep estimates up.3. Global Santa Fe: has an aggressive buyback2. Halliburton: Although many do not like the company's move to Dubai, Cramer feels it is a necessary strategy to gain back market share from SLB. He predicts HAL will "jump up fast" on a tender offer because of its KBR spinoff. He would hold HAL after the spinoff.1. Transocean: "How can you not own a rig stock that's called RIG?" Cramer said of his number one oil-drilling pick, and added that day rates are "skyrocketing," RIG is a good takeover or merger target, and since options expiration is coming up, "this stock is going to end at $75 at the end of the week," which Cramer feels is a good entry point. On Monday, RIG was sitting at $76.62. Hansen Medical (NasdaqGM: HNSN), Intuitive Surgical (NasdaqGS: ISRG) and Stereotaxis (NasdaqGM: STXS)
Hansen Medical could be "the next Intuitive Surgical," a stock which has risen 1, 124 %since its IPO in 2000, says Cramer, and he says subpharma is the place to be since it is immune from subprime problems. HNSN makes robotic catheters that are easy to maneuver, has a "big target market," and although its machine hasn't been approved yet, Cramer believes it will be approved first in Europe and then in America by the end of the year. Although the company is losing money "hand over fist" and does not yet have any revenues, Cramer would buy the stock, albeit with tight limit orders and only after doing homework. Although HNSN does not quite have a monopoly, its machine is cheaper than that of its sole rival STXS.
Mad Mail: Altria (NYSE: MO - News) and Celgene (NasdaqGS: CELG)
Cramer suggested owning the regular Altria stock instead of the new MO-issued shares, but told investors to wait until he did a segment on the stock. He urged an investor who sold CELG to buy it back.
Published by SeekingAlpha

Labels: BP, COP, CVX, GSF, HAL, Jim Cramer, KBR, Mad Money, MO, NOV, RIG, SLB, XOM