Jim Cramer Blog

Falling crude oil prices continue to be a boon for airlines stocks with Delta Airlines (NYSE:DAL) up more than 23% and Continental Airlines (NYSE:CAL) gaining nearly 13%. The Short Term PowerRating for CAL is 4.
Morgan Stanley (NYSE:MS) reported quarterly earnings after the market closed on Tuesday, beating analyst's estimates by a wide mark.of more than 50 cents. The Short Term PowerRating for MS is 6.
Warning of weakness in global demand, Dell Inc. (NasdaqGS:DELL) shares were lower by more than 11% on the day. The Short Term PowerRating for DELL is 8.
In a potential change of heart, the Federal Reserve has said that it is open to a loan package to help struggling insurer, American International Group (NYSE:AIG). The Short Term PowerRating for AIG is 7.
Shares of Hewlett-Packard (NYSE:HPQ) soared by more than 6% on Tuesday as traders applauded the company's cost cutting plans - including the elimination of thousands of jobs. The Short Term PowerRating for HPQ is 5.
Third quarter profits for Goldman Sachs (NYSE:GS) fell by more than 70% the company reported on Tuesday. The Short Term PowerRating for GS is 6.

Labels: AIG, Amercian International Group, CAL, DAL, DELL, GS, HPQ, MS, Stocks to Watch

Stocks slid for the second-straight session as investors remain cautious prior to next week's Federal Reserve meeting. The Dow was off -66 points on the day to close at 13,249. Meanwhile, the Nasdaq and S&P both closed lower to end at 2,620 and 1,463, respectively. Oil prices were down in trading with light, sweet crude settling at $88.32 per barrel. Treasury prices dipped on the day, while gold prices rose to settle at $807.60 an ounce for February delivery. The dollar declined against the euro and the yen.
On the earnings front, auto parts marker Autozone (NYSE: AZO - News) posted first-quarter net income of $132.5 million, or $2.02 per share, up 7% from $123.9 million, or $1.73 per share, last year. Quarterly revenue climbed to $1.46 billion, up 5% from $1.39 billion a year earlier. On average, analysts were looking for a profit of $1.91 per share on $1.44 billion in revenue. Autozone's stock was up 19.4% at the bell.
In corporate news, juice maker Jamba (Nasdaq: JMBA - News) announced today that it is partnering with the U.S. division of Nestle S.A. to develop and distribute a line of ready-to-drink beverages under the Jamba brand name. The company, which produces the Jamba Juice fruit drink, said the new line will include both smoothies and juices and will launch in the U.S. during the second-quarter of next year. Shares of Jamba surged 9.1% on the day.
Elsewhere, shares of Nokia (NYSE: NOK - News) were off -3.3% at the bell after the company's financial outlook for the next two years failed to inspire analysts. Nokia said it sees "very slight growth" in the network sector overall and predicted operating margins would reach 16%-17% within the next two years versus its previous forecast of 15% last November.
Meanwhile, shares of Delta (NYSE: DAL - News) fell -4.9% on the day after the airline said it would freeze hiring in certain areas in an effort to cut costs. The company said the move is aimed at combating higher fuel prices that will likely lead to weaker fourth-quarter results.
By the BullMarket.com Staff

Labels: AZO, DAL, JMBA, NOK

The Dow finished down 83 points and the Nasdaq closed down 29 points. Macke explained to investors that the morning selling of the four horseman like Google (GOOG), Research In Motion (RIMM) and Apple (AAPL) lead the market down.
Delta Air Lines (DAL) denies reports of merger talks with United Airlines (UAUA). Adami thinks that any rally in the airline stocks should be sold. Najarian says if a merger was going to happen thinks the play would be Northwest Airlines (NWA). Airbus SAS and Boeing (BA) released a report that said this year will mark the peak in orders for airplanes. Finerman disagreed with the report and her advice to investors is to buy Kaiser Aluminum (KALU). Adami likes Honeywell (HON) for an aerospace play.
The New York Times published an article about Luluemon athletica (LULU) saying the clothing made of seaweed doesn't have any seaweed in it.
A $5 billion bond fund run by General Electric (GE) is offering investors a redemption of 96 cents on the dollar.
Asset Managers: Adami's personal favorite asset manager is Affiliated Manager's Group (AMG). He picks AMG for a baby boomer play and because it is insulated from subprime. Finerman agrees on AMG and she also likes Ameriprise Financial (AMP) and Charles Schwab (SCHW). Najarian suggests purchasing the recently punished names like PMI Group (PMI), Ambac (ABK) and MBIA (MBI).
Starbucks (SBUX) is set to report earnings on Thursday after the close. Macke says Starbucks has slowing growth and difficult comps, so the way to play this is to buy McDonald's (MCD). He mentioned that McDonald's competing directly against Starbucks in the coffee market.
Word on the Street
Crude oil closes up 3.4% to $94.30. Adami still thinks oil goes lower and he was disappointed that Tesoro (TSO) didn't trade higher with oil.
Network Appliance (NTAP) tops second-quarter profits and guides third-quarter above Wall Street estimates.
Najarian noted unusual options activity inSavient Pharmaceuticals (SVNT).
Pops & Drops
Pops - E*TRADE (ETFC) traded up 11% after CEO Mitch Caplan told CNBC that the online brokerage firm isn't going bankrupt.
iShares FTSE/Xinhua China 25 Index (FXI) traded up 2% following the Asian market rally.
Ventana Medical (VMSI) traded up 6%
MetroPCS (PCS) traded up 10%
Gilead (GILD) trades up 2% after Stifel Nicholas raised their price target to $52
Drops - Wendy's (WEN) fell 3%
United Rentals (URI) plunged 30%
Blockbuster (BBI) fell 6%.
Time Warner (TWX) fell 4% after a large block trade crossed the tape.
Disney (DIS) fell 4%
Final Trade
Macke suggests getting long the Dow30 Short Proshares (DOG) for a trade.
Adami and Najarian like EMC (EMC) off of Network Appliance's (NTAP) earnings.
Finerman likes American Eagle Outfitters (AEO) kon valuation.

Labels: AAPL, CNBC, CNBC's Fast Money, DAL, Fast Money, HON, kalu, LULU, RIMM, UAUA

Bullish Calls: CME Group (CME): Cramer referred to CME as a "coiled spring" that will go up after it announces earnings. EMC (EMC): EMC's stock price isn't reflecting the value of VMware (VMW), but Cramer thinks it will in about 6 months. Cramer thinks Freeport-McMoRan (FCX) is the best stock in the copper sector. Parker-Hannifin (PH): Cramer thinks this stock is a winner. Burlington Northern (BNI): Cramer likes the rail sector, but he thinks Union Pacific (UNP) is a better play than BNI. Texas Instruments (TXN): Cramer thinks this is a good company to own. Goodyear Tire (GT): Cramer likes this better than Michelin, but he would rather be in oil service plays rather than oil consumers. Rosetta Resources (ROSE): Cramer says to "pull the trigger." Sears Holdings (SHLD): Cramer says to hold it if you already own the stock, and to stay away if you are thinking about buying.Bearish Calls:Delta (DAL): Cramer said, "I don't want to own any airline here," because he thinks oil is going higher. Alpha Natural Resources (ANR): Cramer is staying away from the coal sector until new carbon dioxide regulations are passed. Cramer says stay away from Peru Copper (CUP).

Labels: ANR, BNI, CME, CUP, DAL, EMC, FCX, GT, Jim Cramer, Lightning Round, Mad Money, ROSE, SHLD, TXN, UNP, VMW