Jim Cramer Blog

Buy Caterpillar (CAT), Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
On news of an earthquake that has cost a great deal of damage and as many as 15,000 lives, Cramer spoke of the "rebuild in China," which he said was an equivalent of Hurricane Katrina in terms of infrastructure buildout. He pointed viewers to Caterpillar and Terex (TRX) as plays on the news. He also recommended Cummins (CMI). "They're all headed up ... because of the rebuild," he said.
Cramer said today's rally has a lot to do with bullish action from mortgage insurer Freddie Mac (FRE). "They have gotten rid of the systemic risk," he said. He called Freddie Mac and Fannie Mae (FNM) the "last of the black holes" for the financial crunch.
Cramer said Freddie is getting a lot of business, which he thinks may actually offset the company's losses. He said bears don't believe that's the case, but he pointed out that Freddie is a well-run company. Fannie is not as good, he said.
In the consumer discretionary space, Cramer said he had thought "the buyers would just call it quits" after the government's stimulus checks came in. He revised his forecast, saying maybe earnings from Kohl's (KSS) tomorrow will be the time to sell.
He expressed his surprise at the continued rise of some retailers. "Certainly we know that Costco (COST) is better than we thought. ... TJX (TJX) was a little disappointing, and look -- it goes up." He pointed out that Wal-Mart (WMT) stock has traded back to where it was before reporting earnings.
"A lot of people feel that the worst is over," Cramer said. He pointed out that the Fed called victory when inflation numbers came in better than expected.
Cramer also said that the year of wind power may arrive this year, not next year as he had previously predicted. He pointed out bullish action in Fluor (FLR) and First Solar (FSLR) as evidence of alternative energy stories.
He also said that Research In Motion (RIMM), Apple (AAPL) and MasterCard (MA) are offering leadership in the economy.
On the housing crisis, Cramer said that Toll Brothers (TOL) CEO Bob Toll was "negative negative negative" when the two spoke on last night's "Mad Money" TV show. He predicted that the housing problem in Florida would be much better in 18 months.

Published By TheStreet.com

Labels: AAPL, CAT, CMI, COST, FLR, FNM, FRE, FSLR, Jim Cramer, KSS, MA, RIMM, Stop Trading, TJX, TOL, TRX, WMT

Yahoo (NasdaqGS:YHOO) rallied late in the day to finish down 15% after Microsoft withdrew its bid for the company. The Short Term PowerRating for YHOO is 5.
Shares of Sprint (NYSE:S) rallied on the news that the company was considering selling or spinning off Nextel as an independent entity. The Short Term PowerRating for S is 5.
Fannie Mae (NYSE:FNM) announces earnings before the open on Tuesday, with analysts expecting EPS of -$0.81. The Short Term PowerRating for FNM is 4.
Bank of America (NYSE:BAC) announced that it planned to complete its take over of Countrywide Financial despite an analyst report critical of the takeover. The Short Term PowerRating for BAC is 4.
Reporting earnings before the market opens on Tuesday, Sara Lee LE is expected to announce earnings per share of $0.24. The Short Term PowerRating forSLE is 4.
The box office success of "Ironman" encouraged traders to bid shares of Marvel Entertainment (NYSE:MVL) higher by more than 9% on Monday. The Short Term PowerRating for MVL is 5.
Shares of General Motors (NYSE:GM) lost more than 3% on news of a labor dispute at a plant in Kansas. The Short Term PowerRating for GM is 2.

Labels: BAC, FNM, Hot Stocks, MVL, S, YHOO

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Brightpoint (NasdaqGS:CELL - News) beat earnings estimates on Thursday, reporting $0.31 EPS over a consensus of $0.26 EPS. CELL's Short Term PowerRating is 5.
McAfee (NYSE:MFE - News) also beat earnings on Thursday, with $0.46 EPS over expectations of $0.45 EPS. MFE's Short Term PowerRating is 5.
Alcatel-Lucent (NYSE:ALU - News) reports quarterly earnings on Friday before the market opens, with traders looking for $0.14 EPS. ALU's Short Term PowerRating is 5.
Coventry Health Care (NYSE:CVH - News) announces results on Friday morning; look for $1.18 EPS. CVH's Short Term PowerRating is 5.
Weyerhaeuser (NYSE:WY - News) reports earnings before the bell on Friday morning, with traders and analysts watching for $0.35 EPS. WY's Short Term PowerRating is 5.
Analysts are watching for Fannie Mae (NYSE:FNM - News) to report -$1.29 EPS on Friday before the bell. FNM's Short Term PowerRating is 5.
When Lubrizol (NYSE:LZ - News) reports earnings on Friday morning, look for $0.71 EPS. LZ's Short Term PowerRating is 5.

Labels: ALU, CELL, CVH, FNM, Hot Stocks, LZ, MFE, WY

Just so you know, I just issued an alert. ... You should buy it here," he said of the cosponsors of Vytorin, which made headlines today after the Food and Drug Administration said it would issue early communication on the drug. He's reminded of Bausch and Lomb, Bristol-Myers Squibb (BMY) and other pharmaceutical companies that experienced exaggerated stock-price dives on bad news. Those situations, Cramer said, represented buying opportunities.
"The headline risk in drugs is also far worse," Cramer said. "This is what happens with drug stocks. Everyone panics at the same time. They get knocked all the way down."
"This is just unbelievable to me," Cramer added, saying that to cut shares of Schering-Plough so much, investors would have to believe the FDA was going to pull Vytorin.
Cramer continued, "I would buy Merck too. ... This is a classic headline overreaction."
Cramer concluded by saying he prefers Thornburg Mortgage (TMA) and Toll Brothers (TOL) to Fannie Mae (FNM) and Freddie Mac (FRE). "I just think that they're not investible. ... I didn't like them ... yesterday."
Published By TheStreet.com

Labels: BMY, FNM, FRE, Jim Cramer, Stop Trading, TMA, TOL

Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.
More importantly, to address the mortgage crisis, the package also raises the limits on Federal Housing Administration loans and home mortgages that Fannie Mae and Freddie Mac can purchase to as high as $725,000 in high-cost areas. Those are considerable boosts over the current FHA limit of $362,000 and the $417,000 cap for Fannie Mae and Freddie Mac's loan purchases. This can be a major development in the recovery of the housing markets. It could be about that time to get into the housing stocks such as Toll Brothers or Centex.

Labels: economic stimulus, Fannie Mae, FNM, FRE, Freddie Mac, Tax deal, TOL, Toll Brothers Inc.

Amback (ABK), Wachovia (WB), Countrywide Financial (CFC), MGIC (MTG), Washington Mutual (WM), Fannie Mae (FNM), Freddie Mac (FRE), Pepsico (PEP), Colgate (CL), Procter and Gamble (PG), Diageo (DEO)
Cramer said the Fed's liquidity strategy is going to make banks suffer more and noted the bad performance of ABK, WB, CFC, MTG, WM, FNM and FRE. He said favorite defensive stocks PEP, CL, PG and DEO were thriving. Cramer called on the Fed to vacate its Ivory Tower and find out what is really going on in the market.
Apple (AAPL), Hewlett-Packard (HPQ), Google (GOOG), Research in Motion (RIMM), Intel (INTC), Nvidia (NVDA), Texas Instruments (TXN), Sigma Designs (SIGM), AT &T (T)
Cramer commented if the Fed had cut half a point, there would be more stocks to recommend, but with a quarter point interest rate reduction, it looks like slim pickings, except for tech. His perennial favorites in the sector: AAPL, HPQ, GOOG, RIMM, INTC, NVDA, TXN are in great shape, Cramer said.
In addition, Cramer singled out Sigma Designs as a play on the decline of cable companies and as comparable services are provided by telephone companies. AT &T announced it is spending $5 billion on its U-verse TV service, and Sigma, which designs the chips for service, will benefit. Analysts raised their price targets after Sigma reported a fantastic quarter, and the company has a high quality problem of not making enough chips to meet demand. Cramer suggests letting SIGM come down a bit before buying.
Published By SeekingAlpha

Labels: AAPL, ABK, CFC, CL, DEO, FNM, FRE, GOOG, HPQ, INTC, Jim Cramer, Mad Money, MTG, NVDA, PEP, PG, RIMM, TXN, WB, WM

Fannie Mae (FNM), Freddie Mac (FRE), Washington Mutual (WM)
Cramer explained why aid for borrowers is not a moral hazard or a bailout:
“The companies that do mortgage servicing don't have the ability to renegotiate every one of these contracts," Cramer said. "It's better to do it en masse with the government's help so that the people who might fight this realize that they're fighting the government, but it's certainly no bailout." Cramer added, "We need to slow down the process because we don't want the bank examiners to shut down all the banks.”
He said it is a good strategy to tide Washington Mutual (WM) over with a few billion dollars until another Fed cut when it can start to be profitable again. He suggested spending $500 billion bailing out Fannie and Freddie, although Cramer added this kind of talk scares people. However, the only other alternative is if there is a sudden rush to buy houses.
Cramer reiterated his disillusionment of the Fed, which cut rates a half a point in the summer, and then felt it was “done.”
“Right now I think the Fed is torn between doing what would certainly be the right thing and doing the right thing incrementally over time," Cramer said. "What I'm saying is the more time you waste, the worse it gets. That's very clear from what's going on.”
Cramer said he wished it were the case that “if you were to put money in Washington Mutual in the big convertible that you don't expect to just lose money,"
Published By TheStreet.com

Labels: FNM, FRE, Jim Cramer, Wall Street Confidential, WM

Fannie Mae (FNM), Freddie Mac (FRE)
While many criticize the government's strategy for dealing with the mortgage crisis and call it a "bailout," Cramer commented, "I'm tired of hearing that this is a bailout. Who cares? I'm about the money." While he believes a recovery is imminent and "there isn't going to be a collapse" he would stay away from companies with subprime exposure because there is a lot of money bet against them. Rather than spending time pointing fingers, Cramer thinks it is time to acknowledge the responsibility for the current crisis is shared by the market, the government and the homeowners; "I don't care who did bad. I don't want Fannie Mae (FNM) insolvent!"
Concerning Fannie Mae and Freddie Mac, Cramer said, "They're totally insolvent! Give me a break. They're completely and utterly insolvent. Its just we're not allowed to say it. ... The only reason I mention those two ... is that those two are less likely to go after me." He identified fear of liability as the reason more people are not telling the whole truth about the mortgage problem. "It's like when Enron filed a lawsuit against me. ... It's a good thing they went out of business."
"Everybody knows we've got to slow the process down so these companies can raise money. ... Fannie and Freddie are fine because they have the implicit backing."
Finally, Cramer wanted to clear up a misunderstanding concerning his comments about the Chinese. While he praised the initiative of individual Chinese, his antipathy is directed mainly against the Chinese government; "The government itself has got to reign in some of the companies that are rapacious in taking advantage of us."
Published By SeekingAlpha

Labels: FNM, FRE, Jim Cramer, Stop Trading

Bullish calls:
Walt Disney (DIS): 'Again, I don't play for DIS, but I'm certainly not going to blast it. I think it's a good company.' Brookfield Asset Management (BAM): 'They've got terrific, terrific management … BAM will come back!' Hewlett-Packard (HPQ): 'HPQ has the business model and the leverage!' SunPower (SPWR) First Solar (FSLR) Johnson Controls (JCI): 'There was a man who just downgraded it … He's taken a very short-term approach. JCI has an unbelievably good business in climate control and, when autos come back, that stock's going to roar.' J. Crew (JCG) Costco (COST)
Bearish calls:
Wolseley (WOS): 'I can't endorse that company. Those companies are all doing badly.' Lowe's (LOW): 'I don't even recommend Lowe's anymore on this show.' Fannie Mae (FNM): 'It's just too hard to value right now...They just cut the dividend. Guys are going to sell it. I'm not there...' Automatic Data Processing (ADP): 'No. It's just a flatlined name. You need a stronger economy for that play.' Dell (DELL): 'DELL can buyback as many shares as it wants. HPQ has the business model and the leverage!' LDK Solar (LDK): 'No, c'mon man! The finances are unclear!' Cabela's (CAB): 'That company is just simply one of the worst publicly-traded companies I've ever seen.' South Financial Group (TSFG): 'Good stock in a really bad neighborhood … I can't touch the darn thing. Sorry to be so negative.' Home Depot (HD): 'That group is too darn hard.' Solarfun Power (SOLF)
Published By SeekingAlpha.com

Labels: ADP, BAM, CAB, COST, DELL, DIS, FNM, FSLR, HD, HPQ, JCG, JCI, Jim Cramer, LDK, Lightning Round, LOW, Mad Money, SPWR, TSFG, WOS

Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.
Bullish
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.
Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.
Bullish
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.
Diana Shipping (NYSE:DSX - News). DSX's PowerRating (for Traders) 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.
Wynn Resorts (NasdaqGS:WYNN - News). WYNN's PowerRating (for Traders) is 8.
Stocks Down 10% or More: These are stocks that have lost 10% or more over the past five days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that have lost 10% or more over the past five 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 (for Traders) is 7.
Bearish
Laps Up 5% or More: These are stocks that lap up by 5% or more and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that lap up by more than 5% have shown negative returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Jamba (NasdaqGM:JMBA - News). JMBA's PowerRating (for Traders) is 2.
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.
Genesco (NYSE:GCO - News). GCO's PowerRating (for Traders) is 1.
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.
Dillard's (NYSE:DDS - News). DDS's PowerRating (for Traders) is 3.
Stocks Up 10% or More: These are stocks that have gained 10% or more over the past five days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that have gained 10% or more over the past five days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Fannie Mae (NYSE:FNM - News). FNM's PowerRating (for Traders) is 4.
Published By TradingMarkets.com

Labels: DDS, DSX, FNM, GCO, Hot Stocks, JMBA, RIMM, WYNN

Mortgage finance giant Fannie Mae on Tuesday announced it was cutting its dividend 30 percent and selling $7 billion in special stock to raise additional capital.
The government-sponsored company said it was slicing its dividend to 35 cents a share, starting in the first quarter of next year, and issuing $7 billion in preferred stock this month to cushion against losses in lower-quality mortgages.
The action follows similar moves recently by Freddie Mac, its smaller government-sponsored rival in the $11 trillion home-mortgage market, which posted a $2 billion loss in the third quarter.

Labels: Fannie Mae, FNM

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

Melissa Lee hosted today for Erin and started off Tuesday's show with an exclusive news break talking about stocks being down for the seventh time in nine sessions. Crude oil reached $98 for the first time, reaching a new high. They talked about Google and increasing their price target to $900 per share. Terry is looking for Google to mover in to powerful display advertising to gain market share, as advertising goes digital.
Samantha Davies came back talking about the bad weather approaching this week for the holiday season. Wednesday it will be very cold and rainy from the coast to the Great Lakes. On Thanksgiving it will be even colder in the Midwest and should expect many delays at several airports. Tim Zagat was on the show discussing the descent in airlines. He discussed specifically the increase in delays and cancellations. International airlines have fared much better than US domestic carriers. Midwest airlines and JetBlue airways have been the most successful economy carriers, because they are mostly business class airlines.
They came back discussing the drastic increases in oil and how the dollar weakness helps push crude oil to record closes.
The Bond Report: Santelli showed how 2-year note rates are still decreasing. He also said that the dollar index is decreasing very rapidly.
The Faber Report: Freddie Mac (FRE) has taken a large hit on their portfolio, especially today. Fannie Mae (FNM) has also taken a hit. Countrywide stock is below $10 a share and says that bankruptcy rumors are "absolutely false." 40% of their assets are in option arms. Fred Cannon has a $66 price target on FRE and $62 on FNM. He said that Fannie Mae gave us more of an insight to upcoming quarters. The government will eventually turn to GSE's.
Melissa came back with Paul Goodwin discussing the growing bear market in China. Many of the stocks are currently overvalued as well as very risk adverse. Aluminum China and E House China Holdings were two stocks that Goodwin said are taking your money and falling into downward trends. Predicts a rough three months for these stocks.
Lee came back discussing the value of the Canadian dollar and the Toronto Blue Jays. The Blue Jays make about $740,000 for every .01 cent increase in the loon compared to the US dollar.
Bertha Coombs discussed Oprah's favorite things this year. She gave away a $3800 LG HDTV Refrigerator on her show among many other lavish gifts.

Labels: CHINA, CNBC, Crude Oil, Erin Burnett, FNM, FRE, GOOG, JetBlue Airways Corp., Melissa Lee, Midwest Air, oprah, Santelli, Street Signs, street signs recap, the bond report, the faber report

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
Goldman Sachs Dec 280 Calls (NYSE:GS - News). GS' PowerRating (for Traders) is 7.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
China Petroleum & Chemical Jan 120 Puts (NYSE:SNP - News). SNP's PowerRating (for Traders) is 7.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Google Nov 790 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 4.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
Fannie Mae Jan 40 Puts (NYSE:FNM - News). FNM's PowerRating (for Traders) 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.
Nastech Pharmaceutical (NasdaqGM:NSTK - News). NSTK's PowerRating (for Traders) 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.
Safeway (NYSE:SWY - News). SWY's PowerRating (for Traders) 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.
Lennar (NYSE:LEN - News). LEN's PowerRating (for Traders) is 5.
Published By TradingMarkets.com

Labels: FNM, GOOG, GS, LEN, NSTK, SNP, stock options, SWY

The show started with Erin Burnett discussing the housing market as the hurricane season approaches. She then spoke with Daniel Mudd, Pres. & CEO of Fannie Mae (FNM)- the top source of mortgage funding. U.S. sub-prime markets are not operating well, and Mudd does not predict an end soon. He discussed their $417,000 limit and possible regulation changes. Some people in sub-prime mortgages could get out. Mudd says we need to minimize foreclosures and maximize transparencies in lending. They borrow from the government and are exempt from certain taxes. FNM provides liquidity by buying and repackaging mortgages for sale. Kenneth Heebmer of CGM capital management says housing weakness expected to continue, and is impacting consumer expenditures. Thinks home prices will drop to 50% of 2005 prices, doesn't think that it will evolve into recession. Housing sector weakness will be a continuing trend. Charlie Rangel was next on the show, discussing expanding the tax base and lowering the rate. Chris Hoene was on to discuss property taxes. 29% of cities have increased property taxes, mainly due to the troubled housing market. Darren Rovell discussed the high profile sports magazine SI signing with Dan Patrick, who worked at ESPN for 18 years. SI.com accounted for 15-20% of SI's total revenues. Crude oil closed at record high at 89.55.
Faber report: Discussed the pressure facing newspapers. Declining readers result in a decline in advertising. Craig Moffett was on to discuss Telecom in the U.S. AT&T is investing in their strengths, while Verizon invests in the weaker market. Likes what AT&T is doing better. He predicts slow down in market revenues in next 12-16 months due to saturation. Google is working on a $30 million space tour program.
Cramer's stop trading: Jim Cramer is in Georgia tech today. Says PNC, STI doing good. JP Morgan has not done great, just hasn't done as bad as others.

Labels: CNBC, Erin Burnett, Faber report, FNM, Jim Cramer, PNC, SI, STI, Street Signs

Fannie Mae (NYSE: FNM - News): Cramer would stay off the Fannie Mae bandwagon, since the Bush administration and the FNM's top regulator, James Lockhart of the Office of Federal Housing Enterprise Oversight, have a "chokehold" on the company's mortgage portfolio. Cramer would not make a move unless this changes.
Countrywide (NYSE: CFC - News): Cramer says he needs to see evidence to back up the bank's bullish comments.
Lamar (NasdaqGS: LAMR - News), Celgene (NasdaqGS: CELG - News) and PDL BioPharma (NasdaqGS: PDLI - News): Lamar's video billboards may be too "eye-catching" and may be limited due to safety regulations. He is not sure about CELG, because it should be working but isn't. He sees PDLI as a possible takeover target after the departure of CEO Mark McDade.
Published By SeekingAlpha

Labels: CELG, CFC, FNM, Jim Cramer, Jim Cramer's Stop Trading, LAMR, PDLI