Jim Cramer Blog

SAN FRANCISCO (Menafn - MarketWatch) - Among the companies whose shares are expected to see active trade in Monday's session are Blackstone Group L.P., Sysco Corp and DTE Energy.
Blackstone Group L.P. BX is expected to report second-quarter earnings of 46 cents a share, according to analysts polled by Thomson Financial.
Bob Evans Farms Inc. BOBE is seen posting a fiscal first-quarter per-share profit of 36 cents a share.
DeVry Inc.'s DV fiscal fourth-quarter results are expected to show a per-share profit of 25 cents.
Domtar Corp. UFS is expected to post a profit of 10 cents a share for its second-quarter.
DTE Energy Co. DTE is seen reporting per-share earnings of 47 cents for its second quarter.
Sysco Corp.'s SYY fiscal fourth-quarter results are expected to show a profit of 46 cents a share.
Valspar Corp. VAL is expected to report fiscal third-quarter earnings of 56 cents a share.
Watch list
Cognex Corp. CGNX said it will delay the filing of its Form 10-Q for the second quarter ended July 1 due to its internal review of previously announced irregularities it discovered in certain transactions originating at its Japanese subsidiary. Natick, Mass.-based Cognex, which makes machine vision systems, said it's unable to predict at this time when it will file is quarterly report.
Countrywide Financial Corp.'s CFC stock price fell Friday after the Calabasas, Calif.-based company said that problems in the U.S. mortgage market pose a serious threat to its earnings and financial condition. See full story.
McClatchy Co. MNI late Friday said it filed its Form 10-Q with the Securities and Exchange Commission and revised its second-quarter earnings downward to $35.2 million, or 43 cents a share, from $39.95 million, or 49 cents a share, originally reported on July 19, to include a non-cash 6-cent litigation charge. The Sacramento-based media company said the charge stems from a settlement between Seattle Times Co., of which it owns 49.5%, and Hearst Corp.'s Seattle newspaper. On a continuing operations basis, the Sacramento-based media company posted earnings of $34.5 million, or 42 cents a share.
Neoware Inc. NWRE said it swung to a fiscal fourth-quarter net loss of $801,000, or 4 cents a share, from a year-ago net profit of $401,000, or 2 cents a share. Excluding certain items, the company posted breakeven results on a per-share basis versus 9 cents a share last year. The King of Prussia, Pa-based provider of thin client computing products said revenue in the three months ended June 30 slipped to $23 million from $23.6 million last year. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 5 cents on revenue of $23.2 million.
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Labels: BOBE, BX, CGNX, DTE, DV, MNI, NWRE, Stocks to Watch, SYY, UFS, VAL

Bullish calls:
Consolidated Edison (NYSE: ED - News): 'If you're going to go that route, I'd rather see you do ED.'WellPoint (NYSE: WLP - News)Celgene (NasdaqGS: CELG)Gilead Sciences (NasdaqGS: GILD)Genzyme (NasdaqGS: GENZ)Abbott Labs (NYSE: ABT - News): 'ABT has accelerated growth... because they got the best part of the Guidant deal... because they've got a couple of drugs that I think are still expanding... 'Marshall & Ilsley (NYSE: MI - News): 'I like what they did yesterday, very much... It split off its processing business ... MI is committed to be able to bring out value, even at a time when a lot of regional banks are not to be owned. I salute that management for being probably the only company in that whole industry that I think recognizes that you've got to do more than just play the yield curve, because they haven't done well. That's a good stock.'Dendreon (NasdaqGM: DNDN): 'I think DNDN has now had a major move ... I don't think it's done ... That is a very speculative stock though. It is not for those who want to buy it as a drug company ... Which is why I have not gone out with it on my show.'Starwood Hotels (NYSE: HOT - News): 'Steve Hayer must be a guy that nobody could work with, because, boy, he is an unbelievable turnaround guy... They just left him in the dust. The rumor is that they're going to be for sale. The stock could go to $90 if it's for sale ... I want to own HOT... I think that's a great selection.'
Bearish calls:
DTE Energy (NYSE: DTE - News): 'You're too conservative ... I want more growth than that stock can give you.'Eli Lilly (NYSE: LLY - News): 'This is a tough, tough, tough call, because LLY is very well-run, and it's done unbelievable work in the mental health business. The problem with LLY - and this is a problem I see with much of big pharma - it does not have the growth that I want ... I salute the management, but I don't want to buy the company.'MedImmune (NasdaqGS: MEDI): 'I think they're misguided. I do believe that this company should be sold to other people who can do a better job. They have great drugs. They have not succeeded in marketing them.'
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Labels: ABT, DTE, ED, HOT, Jim Cramer, Lightning Round, LLY, Mad Money, MEDI, MI, WLP

U.S.-listed shares of Chinese companies plunged in the wake of the overnight sell-off in Shanghai. Shares of Mindray Medical (NYSE:MR - News), Guangshen Railway Company Ltd. (NYSE:GSH - News), Trina Solar (NYSE:TSL - News), China Southern Airlines (NYSE:ZNH - News) and Aluminum Corp. China (NYSE:ACH - News) all fell on heavier-than-average volume.
Shares of 11 exchange traded funds based on Asian markets fell sharply Tuesday, reflecting fears of economic upset after the Shanghai stock market fell almost 9% overnight. ETFs such as iShares:FTSE/Xinhua (NYSE:FXI - News), PowerShares Golden Dragon (AMEX:PGJ - News) and iShares MSCI Singapore Index Fund (AMEX:EWS - News) were hit hard.
Apple Inc. (NasdaqGS:AAPL - News) shares slumped after the company said Monday it would delay the release of its AppleTV set-top box product until mid-March. The AppleTV had originally been scheduled to be shipped in February, but an Apple spokeswoman said, "Wrapping up AppleTV is taking a few weeks longer than we projected."
AutoZone Inc. (NYSE:AZO - News) said second-quarter net income for the three months ended Feb. 10 rose 6.2% to $103 million, or $1.46 a share, from $97 million, or $1.25 a share in the year-ago period. Sales rose to $1.3 billion from $1.25 billion. Analysts surveyed by Thomson Financial forecast earnings of $1.45 a share and revenue of $1.3 billion, on average.
Blockbuster Inc.'s (NYSE:BBI - News) fourth-quarter profit dropped sharply on higher corporate expenses, the video rental company said Tuesday. Blockbuster earned $12.9 million, or 5 cents a share, down from $18 million, or 9 cents, in the fourth quarter of 2005. On an adjusted basis, the company said it would have earned $20.4 million, or 9 cents a share, vs. $25.0 million, or 12 cents. Revenue came in up 1.4% to $1.51 billion on an increase in worldwide same-store merchandise sales -- sales at stores open more than a year -- and favorable currency. The average estimate of analyst polled by Thomson Financial had been for Blockbuster to earn 5 cents a share on revenue of $1.47 billion.
Cabela's Inc. (NYSE:CAB - News) said it is filing a preliminary prospectus supplement with the Securities and Exchange Commission regarding a public offering of 4.1 million shares.
CBRE Realty Finance Inc. (NYSE:CBF - News) shares dropped after the Hartford, Conn.-based commercial real estate finance company reported fourth-quarter net earnings of $3.5 million, or 12 cents a share, up from $1.73 million, or 9 cents a share, in the year-ago period. Adjusted funds from operations rose to $5.9 million, or 19 cents a share, from $2.5 million, or 13 cents a share, last year. Revenue rose to $25.6 million from $8.78 million. For fiscal 2007, CBRE expects earnings of 86 cents to 96 cents a share and adjusted funds from operations of $1.10 to $1.20 a share.
Centennial Communications Corp. (NasdaqGS:CYCL - News) said certain affiliates of the Blackstone Group have agreed to sell 10 million shares of Centennial's common stock in an underwritten public offering at a price of $8.05 per share. Wall, N.J.-based Centennial, a provider of wireless and communications services, will not receive any proceeds from the sale of shares. Following the completion of the offering, the Blackstone Group affiliates will own 15.17 million shares of Centennial's common stock. Centennial shares fell 8.4% to $8.04 in Tuesday morning trade.
Covanta Holding Corp. (NYSE:CVA - News) reported fourth-quarter net income doubled to 8 cents a share as revenue rose to $317.9 million from $303.4 million.
Delphi Corp. (Other OTC:DPHIQ.PK - News) said fourth-quarter losses widened to $853 million from $828 million a year ago. The loss for the quarter ending December includes $200 million in impairment charges. Revenue fell to $6.4 billion from last year's $6.8 billion, while non-General Motors revenue was flat at $3.7 billion. For all of 2006, the bankrupt Troy, Mich. maker of auto parts lost $5.5 billion, which includes $3 billion in charges related to the attrition of more than 20,000 employees.
Dillard's Inc. (NYSE:DDS - News) said fourth-quarter earnings rose to $155 million, or $1.90 a share, from $98.5 million, or $1.24 a share, a year earlier. Results for the quarter ending Feb. 3 include an interest credit of 8 cents a share and a tax benefit of 79 cents a share. Excluding these non-recurring items, earnings would have been $1.03 a share. Revenue increased 3.3% to $2.46 billion from last year's $2.38 billion, while same-store sales declined 4%. Analysts surveyed by Thomson Financial had been expecting earnings of $1.09 a share and revenue of $2.42 billion, on average. Shares of the Little Rock, Ark. department store chain closed Monday down 3 cents at $34.97.
DTE Energy Co. (NYSE:DTE - News) reported fourth-quarter net income fell to 79 cents a share from $2.14 a share in the year-earlier quarter.
Dynegy Inc. (NYSE:DYN - News)said it swung to a fourth-quarter net loss of $58 million, or 12 cents a share. The firm reported a profit of $293 million, or 74 cents a share a year earlier, which included a $690 million gain from discontinued operations. Revenue for the quarter fell 36.2% to $397 million. Analysts polled by Thomson Financial had expected a loss of 4 cents a share. The firm said its proposed combination with LS Power remains on track for completion at the end of the first quarter of 2007. The deal is expected to provide more predictable cash flows, the company noted. It added its Midwest and Northeast regions delivered a stronger performance due to higher prices realized, though volumes were lower. The company cut its 2007 operating cash flow estimate to a range of $500 million to $600 million from a range of $600 million to $700 million due to a change in the timing of forward sales receipts. It maintained its forecast for 2007 earnings before interest, tax, depreciation and amortization of $1.02 billion to $1.13 billion.
Federated Department Stores Inc. (NYSE:FD - News) turned in higher fourth-quarter earnings that included hefty charges, including a loss on the sale of bridal group businesses, but offered a sharply lower-than-expected forecast. But the retailer attempted to upstage that news with a plan to change its corporate name to Macy's Group Inc. At the same time, Federated also upped its share buyback program and announced a quarterly dividend.
Focus Media Holding Ltd., (NasdaqGM:FMCN - News) the Shanghai advertising company, reported fourth-quarter net income more than tripled as revenue nearly tripled to $68.3 million.

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Labels: AAPL, ACH, AZO, BBI, CAB, CBF, CVA, CYCL, DDS, DTE, DYN, EWS, FD, FMCN, FXI, GSH, MR, PGJ, TSL, ZNH