Jim Cramer Blog

Dow Chemical (NYSE:DOW) announced its decision to raise prices on all products by as much as 20% by the first of June to deal with rising commodity costs. The Short Term PowerRating for DOW is 7.
Hedge fund manager David Einhorn claimed that the $6 billion raised by Lehman Brothers (NYSE:LEH) will not be enough to cover the company's credit-related losses. The Short Term PowerRating for LEH is 5.
Reporting earnings before the bell on Thursday, Costco (NasdaqGS:COST) is expected to announce earnings per share of $0.65. The Short Term PowerRating for COST is 5.
Shares of Dryships (NasdaqGS:DRYS) were up more than 9% on Wednesday as the business of transporting commodities across international waters continues to benefit shippers. The Short Term PowerRating for DRYS is 7.
Fears of sluggish advertising sales growth led investors and traders to sell shares of Viacom (NYSE:VIA) on Wednesday. The stock was down by more than 4% on the day. The Short Term PowerRating for VIA is 5.
Dell (NasdaqGS:DELL) is scheduled to report earnings on Thursday after the close. Analysts are expecting EPS of $0.33. The Short Term PowerRating for DELL is 5.
Expedia (NasdaqGS:EXPE) moved higher by more than 4% on Wednesday as speculation grew that Barry Diller, chairman of the company, would seek to take the company private. The Short Term PowerRating for EXPE is 4.

Labels: COST, DELL, DOW, DRYS, EXPE, Hot Stocks, LEH, VIA

Here are 7 trading ideas for today. These lists come directly from the TradingMarkets Stock Indicators page and are based upon our latest quantitative research.
Bullish
Gaps Down 5% or More: These are stocks that gap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that gap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Expedia (NasdaqGS:EXPE - News). EXPE's PowerRating is 8.
Laps Down 5% or More: These are stocks that lap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that lap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Western Refining (NYSE:WNR - News). WNR's PowerRating is 6.
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. Historically, these stocks have provided traders with a significant edge.
Boyd Gaming (NYSE:BYD - News). BYD's PowerRating is 6.
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.
Chicago Mercantile Exchange (NYSE:CME - News). CME'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.
Home Depot (NYSE:HD - News) & Dow Jones (NYSE:DJ - News). HD's PowerRating is 6, and DJ's PowerRating is 8.
Bearish
5+ Consecutive Up Days: 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.
ZOLL Medical (NasdaqGS:ZOLL - News). ZOLL's PowerRating is 1.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: BYD, CME, DJ, EXPE, HD, Hot Stocks, WNR, ZOLL

The Dow, Nasdaq, and S&P 500 all closed up on the day after an up and down day of trading. The U.S. Department of Commerce reported new housing starts and building permits this morning, with results in line with expectations. Construction of new homes and apartments was down -2.1% for the month of May. Single-family home construction dropped -3.4%, while construction of apartments rose 3.1%. Broken down by region, the South and West saw drops of -1.6% and -19.7%, respectively, while the Northeast and Midwest saw increases of about 15% each. Oil closed up again, remaining above $69.00 for the second-straight day as the Nigerian labor union rejected a government plan to avert a strike.
Yahoo (Nasdaq: YHOO) announced the resignation of Terry Semel as CEO last night after the bell. Semel had been criticized at length for his inability to raise the stock's value as well as his high ($71 million) annual salary. Yahoo co-founder Jerry Yang will take over as chief executive. BullMarket.com subscribers can read a detailed report on Yahoo in today's issue.
Home Depot (NYSE: HD) will sell its supply division to three private equity firms for approximately $10 billion after the unit was put up for auction. The winning bid by Bain Capital; Carlyle Group; and Clayton, Dubilier & Rice topped those offered by other private equity firms including Thomas H. Lee Partners. The sale price is lower than what analysts had expected, and the discount is attributed to the depressed housing market. "Home Depot may be taking a bit of a price concession," Keith Davis, an analyst from Farr Miller Washington, said. "They are kind of selling at a bad time. They believe that shareholders would rather see them get it done."
Expedia (Nasdaq: EXPE) announced that it will initiate a massive tender offer to repurchase approximately 42% of its outstanding shares for between $27.50 and $30.00. The stock rose 14.3%. Bristol-Myers Squibb (NYSE: BMY) was another winner, rising 4.2%, after a U.S. district judge blocked a generic version of blood thinner Plavix from the U.S. market until 2011.
Electronics retailer Best Buy (NYSE: BBY) announced disappointing first-quarter earnings today. Lower margins in products such as gaming systems and notebook computers resulted in an -18% drop in net income to $192 million, or 39 cents per share. Revenues rose 14% to $7.85 billion, with same-store sales growth of 3.4%. The company revised its guidance for the fiscal year, lowering earnings estimates from April's $3.10-$3.25 a share to $2.95-$3.15 a share. The stock fell -5.9%.
By the BullMarket.com Staff

Labels: BBY, BMY, EXPE, HD, YHOO

Symbol
Name
Last Trade
Change
Volume
Related Info
EXPEZ
EXPEDIA INC WARRANT
17.12 1:11PM ET
3.25 (23.43%)
34,068

EXPEW
EXPEDIA INC WARRANT
1.50 12:31PM ET
0.27 (21.95%)
48,897

PXG
PHOENIX FOOTWEAR GP
3.18 12:57PM ET
0.51 (19.10%)
57,000
MDII
MDI INC
1.47 1:12PM ET
0.24 (19.51%)
1,407,834

CPSL
CHINA PREC. STEEL
3.21 1:11PM ET
0.43 (15.47%)
530,765

RGNC
REGENCY ENERGY PARTN
29.90 1:12PM ET
4.67 (18.51%)
482,844
CFHI
COAST FINL HLDGS INC
4.05 1:02PM ET
0.57 (16.38%)
213,592
BMD
BIRCH MTN RES LTD
3.6400 1:07PM ET
0.4900 (15.56%)
1,369,200
EXPE
EXPEDIA, INC.
29.14 1:12PM ET
3.64 (14.25%)
10,493,926

FFHL
FUWEI FILMS (HOLDING
6.97 1:09PM ET
0.82 (13.33%)
685,917

EFUT
E-FUTURE INFORMATION
17.10 1:12PM ET
2.11 (14.08%)
524,598
QTWW
QUANTUM FUEL SYS
2.00 1:12PM ET
0.22 (12.36%)
2,165,043

CLRK
COLOR KINETICS INCOR
33.50 1:12PM ET
3.71 (12.45%)
2,942,624

IPSUW
IMPERIAL SUGAR WTS
9.44 12:58PM ET
1.21 (14.70%)
16,090

PANL
UNIVERSAL DISPLAY
17.08 1:12PM ET
1.85 (12.15%)
481,693

SATC
SATCON TECH CP
1.24 1:10PM ET
0.14 (12.73%)
245,625
MSHL
MARSHALL EDWARDS
3.41 1:07PM ET
0.33 (10.71%)
9,806

ESST
ESS TECHNOLOGY
1.50 1:12PM ET
0.14 (10.13%)
1,155,893
BWLD
BUFFALO WILD WINGS
45.80 1:12PM ET
4.17 (10.02%)
1,184,223

TGA
TRANSGLOBE ENERGY CP
4.22 1:07PM ET
0.29 (7.38%)
257,800

Labels: BMD, BWLD, CFHI, CLRK, CPSL, EFUT, ESST, EXPE, EXPEW, EXPEZ, FFHL, IPSUW, MDII, MSHL, PANL, PXG, QTWW, RGNC, SATC, TGA

Symbol
Name
Last Trade
Change
Volume
Related Info
FFFD
NORTH CENTRAL BCSH
40.22 10:28AM ET
17.93 (80.44%)
2,200

CSNC
CARDINAL STATE BANK
17.01 10:30AM ET
4.35 (34.36%)
15,952

KUN
CHINA SHENGHUO PHARM
6.00 10:25AM ET
1.27 (26.85%)
52,400

SDTH
SHENGDATECH INC
5.86 10:32AM ET
1.17 (24.95%)
458,113
PENN
PENN NATL GAMING I
61.95 10:32AM ET
10.81 (21.14%)
3,045,402
EPCT
EPICEPT CORPORATION
2.55 10:31AM ET
0.37 (17.02%)
2,025,255
MPZ
MPC CORPORATION
1.40 10:25AM ET
0.15 (11.99%)
24,600

DRA
COINMACH SVC CL A
13.24 10:25AM ET
1.53 (13.07%)
1,513,900
SVLF
SILVERLEAF RESORTS
5.32 10:30AM ET
0.62 (13.19%)
177,449
EXPEZ
EXPEDIA INC WARRANT
14.94 10:22AM ET
1.90 (14.57%)
40,430

CVO
CENVEO INC
24.96 10:26AM ET
2.38 (10.54%)
347,400
CXSP
CHEMGENEX PHARM LTD
12.16 10:11AM ET
0.40 (3.40%)
800

HANS
HANSEN NATURAL COR
43.80 10:32AM ET
3.86 (9.66%)
2,484,741

TBV
TIENS BIOTECH GR USA
3.85 10:08AM ET
0.22 (6.06%)
12,800

ACH
ALUMINUM CP CHIN ADS
42.02 10:27AM ET
3.27 (8.44%)
626,500



EXPE
EXPEDIA, INC.
26.58 10:32AM ET
2.12 (8.67%)
3,115,046
AXK
ACCELR8 TECH CORP
2.09 10:19AM ET
0.09 (4.50%)
12,000

LTS
LADENBURG THALMANN
2.53 10:26AM ET
0.15 (6.30%)

HEII
HEI INC
1.12 9:58AM ET
0.06 (5.66%)
4,650

Labels: ACH, AXK, CSNC, CVO, CXSP, DRA, EPCT, EXPE, EXPEZ, FFFD, HANS, HEII, KUN, LTS, MPZ, PENN, SDTH, SVLF, TBV

Expedia, Inc. (Nasdaq: EXPE - News), the world's largest online travel company, today announced the launch of its Japanese Web site, Expedia.co.jp ( http://expedia.co.jp ). The new Web site offers Japanese travelers an unprecedented set of features to help them make informed decisions and choose the hotel that best meets their needs from a selection of over 30,000 properties worldwide.

Labels: EXPE, Expedia Inc.