Jim Cramer Blog

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
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.
Exelon Corporation (NYSE:EXC - News). EXC'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.
San Juan Basin (NYSE:SJT - News). SJT's PowerRating (for Traders) is 6.
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.
Possis Medical (NasdaqGS:POSS - News). POSS's PowerRating (for Traders) is 7.
Bearish
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.
Blockbuster (NYSE:BBI - News). BBI'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.
Goodyear Tire & Rubber (NYSE:GT - News) & Yahoo (NasdaqGS:YHOO - News). GT's PowerRating (for Traders) is 3, and YHOO'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.
Fuel Tech (NasdaqGM:FTEK - News). FTEK's PowerRating (for Traders) is 3.
Published By TradingMarkets.com

Labels: BBI, EXC, FTEK, GT, Hot Stocks, POSS, SJT, YHOO

On Tuesday’s show, Cramer focused on green stocks that are good investments. Cramer reviewed his green picks from back in April to see how they had done since then.
Shaw Group (SGR): It is up 143% from about $30 to $74 since April.
Foster-Wheeler (FWLT): It is up 99% since April and had great earnings last quarter.
BorgWarner (BWA): It is up 38% since April, and Cramer thinks it will go higher because it has an increasing backlog.
OM Group (OMG): This is the only stock that is down since April, falling 5%. Cramer thinks the stock has started to bounce back from its lows already.
First Solar (FSLR): The stock has climbed 171% and Cramer is still bullish, but wants you to wait until after it reports earnings on Wednesday before buying more.
Fuel Tech (FTEK): This stock is up 35%, but guided down after reporting earnings Tuesday morning.
MEMC (WFR): This stock is up 20% since April and Cramer thinks the company will grow 52% over the next two years.
Tatra Tech (TTI): It is up 14% since April, and Cramer thinks it will keep going up slowly but steadily.
Cramer thinks every one of these stocks will go higher, and thinks that going green is good for business.
Cramer then went to the phone lines. The first caller asked about Zoltek (ZOLT), and Cramer said that although he recommended this stock a while ago he pulled out because he thought he was getting greedy. He now thinks this stock will keep going up. The second caller asked about BP (BP), and Cramer doesn’t think you can own this company because of its green initiatives. The next caller asked about SunPower (SPWR) and Cypress (CY), and Cramer said that Cypress is safer, but he likes both stocks.
The CEO of Wells Fargo (WFC) was on the show to talk about their alternative energy investments and positions, as well as the prospects. Cramer said this is the only banking stock he wants you to buy.
“Am I Diversified?”
The first email asked about UBS (UBS), and Cramer said that he has messed up with every financial pick he had made recently, and thinks you should wait until the stock hits $45 before you buy. The next email asked about Oceaneering International (OII), and Cramer said he didn't like the most recent earnings call. The next email asked if the recent investment in Tesoro (TSO) by Kirk Keorkian's was a bet that oil will drop, and Cramer said that could be right, but that TSO could drop if oil prices decline. The final email asked about lululemon (LULU), and Cramer said he wants nothing to do with the stock since it has gone up so much.

Labels: BP, BWA, CY, FSLR, FTEK, FWLT, Jim Cramer, Mad Money, OII, OMG, SGR, SPWR, TTI, UBS, WFR, ZOLT

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Cutera (NasdaqGS:CUTR - News) beat earnings expectations on Monday afternoon, announcing $0.30 EPS over an expected $0.29 EPS. CUTR's PowerRating (for Traders) is 6.

Novatel Wireless (NasdaqGM:NVTL - News) beat earnings expectations on Monday, with $0.31 EPS over a consensus of $0.28 EPS. NVTL's PowerRating (for Traders) is 5.
Archer-Daniels (NYSE:ADM - News) reports earnings on Tuesday morning, with analysts looking for $0.59 EPS. ADM's PowerRating (for Traders) is 6.
When El Paso (NYSE:EP - News) announces quarterly results on Tuesday before the bell, watch for $0.23 ESP. EP's PowerRating (for Traders) is 5.
Fuel-Tech (NasdaqGM:FTEK - News) should report $0.06 EPS tomorrow morning before the market opens. FTEK's PowerRating (for Traders) is 6.
Analysts are watching for the International Securities Exchange (NYSE:ISE - News) to report $0.53 EPS on Tuesday morning. ISE's PowerRating (for Traders) is 5.
Lear (NYSE:LEA - News) should announce $0.17 EPS tomorrow morning. LEA's PowerRating (for Traders) is 4.

Labels: ADM, CUTR, EP, FTEK, ISE, LEA, NVTL, Stocks to Watch

HMS Holdings (NasdaqGS: HMSY - News): 'We've always liked this. This is one of those companies ... that do cost control for medical.'MedcoHealth Solutions (NYSE: MHS - News)Cardinal Health (NYSE: CAH - News)AT&T (NYSE: T - News)EMC (NYSE: EMC - News): 'I think that EMC is a better way to play VMware right now.'Intuitive Surgical (NasdaqGS: ISRG - News): Freeport-McMoran (NYSE: FCX - News): 'This is a gold company and a copper company in a deflationary spiral mandated by the Federal Reserve. ... Am I backing away from it? No. ... I will say bull to Freeport.'First Solar (NasdaqGM: FSLR - News)Exelon (NYSE: EXC - News): 'Well-run ... can do well. ... I say two thumbs up to Excelon/'Hawaiian Electric (NYSE: HE - News): 'I like the utilities here. This one's got a very high yield. It's in a growth market. ... I stick with Hawaiian Electric.'
Bearish calls:
J.C. Penney (NYSE: JCP - News): 'I have been doing some work on J.C. Penney. 52-week low ... retail very hard to own ... I like to wait and see the quarter.'Posco (NYSE: PKX - News): 'It's not a House of Pain anymore. It's literally a Nation of Pain ... Don'tBuy, because it can go lower.'One National Banc (NYSE: ONB - News): 'Every bank is for sale here. ... I cannot recommend a bank on this show. I can't because I like other sectors so much more. Don'tBuy Don'tBuy Don'tBuy.'BHP Billiton (NYSE: BHP - News): ' I am not going to walk away from these, but you have to understand, these stocks are in the crosshairs of the Fed, and they are going to go down.'Fuel-Tech (NasdaqGM: FTEK - News): ' ... is so speculative in this environment.'Downey Financial (NYSE: DSL - News): 'Downey is a stock that will fly up 20 points when the Fed decides to blink. ... I think Downey's book value is pretty clean. I am surprised it got down to $47. I can't back away here.'VMware (NYSE: VMW - News): '$60 is my target, and we're already up another $7 today.'Accuray (NasdaqGM: ARAY - News): 'Accuray, frankly, is not a stock that I can pull the trigger on.'Akamai (NasdaqGS: AKAM - News): 'We know that Akamai's the wrong thing.'
Published by SeekingAlpha

Labels: ARAY, BHP, CAH, DSL, EMC, EXC, FCX, FSLR, FTEK, HE, HMSY, ISRG, JCP, Jim Cramer, Lightning Round, MHS, ONB, PKX, T, VMW

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.
Fuel Tech (NasdaqGM:FTEK - News). FTEK's PowerRating is 7.
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.
Albany International (NYSE:AIN - News). AIN'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.
Hess Corporation (NYSE:HES - News). HES's PowerRating is 8.
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.
Sony Corporation (NYSE:SNE - News). SNE's PowerRating is 6.
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.
Alcoa (NYSE:AA - News). AA'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.
InvesTools (NasdaqGM:SWIM - News). SWIM's PowerRating is 2.
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.
Whole Foods (NasdaqGS:WFMI - News). WFMI's PowerRating is 3.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: AA, AIN, FTEK, HES, Hot Stocks, SNE, SWIM, WFMI

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
Our research shows that stocks exhibiting this price behavior, while trading above their 200-day moving average, have on average, shown positive returns 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge. To learn more about our research into stocks exhibiting this type of behavior, go to TradingMarkets.com.
Gaps Down 5% or More: POSCO (NYSE:PKX - News)
Laps Down 5% or More: Fuel Tech (NasdaqGM:FTEK - News)
5+ Consecutive Down Days: Harvest Natural Resources (NYSE:HNR - News)
5+ Consecutive Lower Lows: Hoku Scientific (NasdaqGM:HOKU - News)
2-Period RSI Below 2: Amerigon (NasdaqGM:ARGN - News)
Bearish
Our research shows that stocks exhibiting this price behavior, while trading below their 200-day moving average, have on average, shown negative returns 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
5+ Consecutive Up Days: ProShares UltraShort Mid Cap 400 (AMEX:MZZ - News)
5+ Consecutive Higher Highs: ProShares UltraShort Dow 30 (AMEX:DXD - News)

Labels: ARGN, DXD, FTEK, HNR, HOKU, Hot Stocks, MZZ, PKX

Symbol
Name
Last Trade
Change
Volume
Related Info
PLX
PROTALIX BIOTHERAPEU
26.90 1:31PM ET
6.30 (30.58%)
22,400

EDEN
EDEN BIOSCIENCE
1.30 1:36PM ET
0.22 (20.37%)
80,077

IDMI
IDM PHARMA INC
4.02 1:36PM ET
0.68 (20.36%)
835,504

FTEK
FUEL TECH INC
33.60 1:37PM ET
4.91 (17.11%)
2,707,726

JNC
NUVEEN INVESTMENTS
63.22 1:32PM ET
9.06 (16.73%)
7,765,700

LYTS
LSI INDUSTRIES I
17.65 1:37PM ET
2.38 (15.59%)
995,715
CLC
CLARCOR INC
38.88 1:32PM ET
4.58 (13.35%)
1,344,600
AMGI
AMERICAN MOLD COMMON
2.09 12:47PM ET
0.24 (12.97%)
14,297

IAX
INTL ABSORBENTS INC
6.60 1:32PM ET
0.60 (10.00%)
224,100

CHP
C&D TECHNOLOGIES INC
5.85 1:32PM ET
0.64 (12.28%)
248,500
CNTF
CHINA TECHFAITH WIRE
5.88 1:33PM ET
0.56 (10.53%)
929,248
ATPL
ATLANTIS PLASTICS IN
4.22 1:17PM ET
0.42 (11.05%)
16,647

FFHL
FUWEI FILMS (HOLDING
8.10 1:36PM ET
0.80 (10.96%)
2,117,787
DYII
DYNACQ HLTHCR
2.25 1:04PM ET
0.22 (10.84%)
2,796

GTLS
CHART INDUSTRIES, IN
27.37 1:37PM ET
2.64 (10.68%)
1,472,915
KMX
CARMAX INC
25.68 1:31PM ET
2.49 (10.74%)
4,973,400

ARTLP
ARISTOTLE CP PFD I
9.25 9:30AM ET
0.88 (10.51%)
2,000

NICH
NITCHES INC
3.95 1:22PM ET
0.37 (10.34%)
80,611

Labels: AMGI, ARTLP, ATPL, CHP, CLC, CNTF, DYII, EDEN, FFHL, FTEK, GTLS, IAX, IDMI, JNC, KMX, LYTS, NICH, PLX

Bullish calls:
Penwest Pharmaceuticals (NasdaqGM: PPCO - News): ' ... had no idea that stock had fallen all the way to $12. They have got some great technology ... that's a good spec there. Remember, it is just a speculation though ... they're losing big money and they don't have a lot of revenues either.'Gildan Activewear (NYSE: GIL - News): ' ... it is a momentum name ... But, understand. Even though it's cheap on a multiple basis, it's had a big run. Maybe you buy a little, and then you wait for a little pullback.'GOL Linhas Areas Inteligentes (NYSE: GOL - News): ' ... they stole Varig. It's a Brazilian airline. It's up $4 since we mentioned it at $28-29. That's not enough. The stock's going to $40. $33... pick up $7. That's what I like!'Chesapeake Energy (NYSE: CHK - News): 'Natural gas is back! ... Aubrey McClennan [CEO] is one of the best. I am saying that CHK goes higher!'Fannie Mae (NYSE: FNM - News): 'Now here is a stock I haven't talked about enough ... When the sub-prime loan market went kerplooey... FNM ... decided to buy $20 billion worth of liquidity ... FNM is not expensive, until it gets to $80 a share, and it's at $64.'Celgene (NasdaqGS: CELG - News): ' ... dramatically undervalued on the Revlamid news from the weekend,'Gilead Sciences (NasdaqGS: GILD - News)Fuel Tech (NasdaqGM: FTEK - News): ' ... I thought there was more than a 20% gain there, so I can't tell you to take some off, when I told you there was more to gain ... I'm not bailing. You shouldn't either.'Herbalife (NYSE: HLF - News): 'I became convinced that that company is not just a fly-by-night supplement company, but a company that really has a wellness principle.'Crocs (NasdaqGS: CROX - News) ' I think that CROX is a company that you can own until everyone has decided that every analyst and his brother has recommended.'Genesis Lease (NYSE: GLS - News): 'If you need to be in bundled aircraft, it's Genesis Leasing.'Boeing (NYSE: BA - News): 'If you've got to be in aerospace, it's Boeing.'Tesco (NasdaqGS: TESO - News): 'I have been working like a bow-wow to try to figure out when do we decide to get off the oil service game... and the answer is not yet. This group is still cheap!'Halliburton (NYSE: HAL - News)Input/Output (NYSE: IO - News): 'Seismic data. You know I like that very much. I think IO has been slighted by Mad Money.'Trinity Industries (NYSE: TRN - News): ' ... it's still so darn cheap, I don't think it can hurt you. ... We're under-railcarred in this country.'Marathon Oil (NYSE: MRO - News): 'MRO - even at $128 - is still cheap! Unbelievable! I'm pulling the trigger here for half the position, and then let it come in.'Haynes International (NasdaqGM: HAYN - News): 'I'm staying long it. We liked it 20 points below this.'Merit Medical Systems (NasdaqGS: MMSI - News): 'I'll buy that one too.'Cepheid (NasdaqGM: CPHD - News)Dynegy (NYSE: DYN - News): 'Oh man, down here at $9.50. C'mon let's pull the trigger. Bruce Williamson, CEO. Best in show.'
Bearish calls:
AirTran Holdings (NYSE: AAI - News): 'No can do. I'm only using one airline right now, particularly with oil going up...and that is GOL Linhas.'Mylan Laboratories (NYSE: MYL - News): 'No, can't go there... I think these generic guys have never made me a lot of money.'Usana Health Sciences (NasdaqGS: USNA - News): 'too high risk for me.'JetBlue Airways (NasdaqGS: JBLU - News): 'No! Sell, sell, sell! Another airline that's problematic.'
Published by SeekingAlpha

Labels: BA, CELG, CHK, CROX, FNM, FTEK, GIL, GILD, GLS, GOL, HAL, HLF, IO, Jim Cramer, Lightning Round, MRO, PPCO, TESO, TRN

Symbol
Name
Last Trade
Change
Volume
Related Info
ALAN
ALANCO TECH INC
4.0876 10:17AM ET
1.5156 (58.93%)
2,808,996

MEDI
MEDIMMUNE INC
56.59 10:17AM ET
8.58 (17.87%)
67,435,228

KRSL
KREISLER MFG CO
22.52 10:15AM ET
2.01 (9.80%)
48,833

GNTX
GENTEX CP
18.90 10:17AM ET
2.42 (14.68%)
1,762,385

BPG
BPI ENERGY HLDGS
1.46 10:10AM ET
0.14 (10.33%)
371,700

MTOX
MEDTOX SCIENTFIC INC
22.55 10:17AM ET
2.39 (11.86%)
357,353

AVNR
AVANIR PHARMACEUTICL
4.86 10:17AM ET
0.46 (10.47%)
12,746,378

NFI
NOVASTAR FINL INC
6.60 10:11AM ET
0.38 (6.13%)
920,300

GTA
GOLF TRUST OF AMER
2.25 10:09AM ET
0.15 (7.14%)
23,900

ICOPW
ICOP DIGITAL WARRANT
1.89 9:43AM ET
0.17 (9.88%)
400

TGE
TGC IND INC
10.01 10:10AM ET
0.61 (6.52%)
55,200

PXD
PIONEER NATURAL RES
51.28 10:12AM ET
4.64 (9.95%)
1,062,400

MBLX
METABOLIX INC.
19.16 10:16AM ET
1.17 (6.50%)
66,882

VOCL
VOCALTEC COMMUNICATI
3.33 10:09AM ET
0.27 (8.79%)
18,414

FTEK
FUEL TECH INC
23.58 10:17AM ET
1.57 (7.13%)
780,968

WSCI
WSI INDUSTRIES INC
4.75 10:10AM ET
0.38 (8.70%)
17,665

II
IVIVI TECHNOLOGIES,
5.61 10:09AM ET
0.36 (6.86%)
30,700

AAME
ATLANTIC AMER CP
5.10 9:58AM ET
0.31 (6.47%)
7,129

HAS
HASBRO INC
32.85 10:12AM ET
2.64 (8.74%)
1,913,900

ACEL
ALFACELL CORP
2.8400 10:16AM ET
0.1700 (6.37%)
200,101

Labels: AAME, ACEL, ALAN, AVNR, BPG, FTEK, GNTX, GTA, HAS, ICOPW, II, KRSL, MBLX, MEDI, MTOX, NFI, PXD, TGE, VOCL, WSCI

ABM Industries Inc. (NYSE:ABM - News) shares rose Tuesday after the San Francisco-based facility services contractor reported fiscal first-quarter net earnings of $8.7 million, or 18 cents a share, up from $4 million, or 8 cents a share, in the year-ago period. Revenue rose 5.5% to $703.5 million from $666.6 million. ABM forecast fiscal second-quarter earnings of 28 cents to 32 cents, and raised its fiscal 2007 forecast to a range of $1.04 to $1.08 a share, or $1.12 to $1.16 a share excluding items.
Accuride Corp.'s (NYSE:ACW - News) fourth-quarter earnings fell slightly to $14.3 million, or 41 cents a share, from $14.9 million, or 43 cents a share, a year earlier. Sales at the Evansville, Ind., supplier of commercial vehicle components rose to $344.9 million from $297.7 million a year earlier, due to increased demand in the commercial vehicle industry and the partial pass-through of rising raw material costs. Analysts, on average, expected the company to earn 29 cents a share, according to Thomson Financial. For 2007, the company expects adjusted earnings before interest, taxes depreciation and amortization of $115 million to $135 million.
ADC Telecommunications (NasdaqGS:ADCT - News) reported first-quarter net earnings of $3.6 million, or 3 cents a share. During the same period a year ago, ADC posted a net loss of $1.8 million, or 2 cents a share. Earnings from continuing operations were $9.4 million, or 8 cents a share. A year ago, the loss from continuing operations was $1.3 million, or a penny a share. The provider of communications network infrastructure products and services posted revenue of $297.2 million vs. $272.8 million.
AES Corp. (NYSE:AES - News) was upped to overweight from equal-weight by Lehman Bros., though its price target was held at $24. "We like AES' 10% free cash yield and discount valuation to independent power producers. We believe investors have over-reacted to AES for its delay in filing the 10-K and its global earnings mix in the current environment," the broker said.
Altria Group (NYSE:MO - News) was upgraded to buy from hold at Deutsche Bank.
Ann Taylor Stores (NYSE:ANN - News) was upgraded to buy from neutral at Banc of America Securities.
Bankrate (NasdaqGS:RATE - News) was upgraded to above average from average at Caris & Co.
Barrier Therapeutics Inc. (NasdaqGM:BTRX - News) said it has entered an agreement with Novartis AG under which Novartis' consumer health division will promote Barrier Therapeutics' Vusion treatment for diaper dermatitis to pediatricians in the U.S. Under the agreement, which runs through 2008, Barrier will pay Novartis a flat fee for each sales call made to a pediatrician.
Bausch & Lomb (NYSE:BOL - News) said it initiated a limited voluntary recall of from distribution centers and retail shelves in the U.S. and specific other countries of 12 lots of ReNu MultiPlus lens care solution made at its plant in Greenville, S.C. because they contain an elevated level of trace iron. This may result in discoloration of the solution in some bottles, and the shelf life of the product may be shortened to less than its two-year expiration date, due to a potential loss of effectiveness over time. The company has received no reports of serious adverse events associated with these lots and believes virtually all of the affected product has already been used by consumers. The Rochester, N.Y.-based company has notified the U.S. Food and Drug Administration of this action. The company initiated a probe after receiving three customer reports of discolored solution. Bausch & Lomb does not expect the costs associated with this recall will have a significant impact on its financial results. The eye care company has struggled recently after it recalled its ReNu with MoistureLoc contact-lens solution due to an outbreak of eye-fungus infection. The company also released preliminary results for the fourth quarter and year and, citing a recall of its MoistureLoc contact lens solution, said its U.S. operations will be unprofitable.
Boyd Gaming (NYSE:BYD - News) was upgraded to buy from hold at Morgan Joseph.
Building Materials Holding Corp. (NYSE:BLG - News) was upgraded to buy from neutral at Sidoti & Co.
CBS Corp. (NYSE:CBS - News) agreed to buy back about 47 million shares of CBS class B common stock through an accelerated share repurchase transaction. The media company said it intends to effect this repurchase today. This the $1.4 billion buyback is in connection with CBS's share repurchase program announced on Feb. 27. The cost of the repurchased shares is subject to adjustment, CBS said.
Chartered Semiconductor Manufacturing (NasdaqGS:CHRT - News) backed is first-quarter earnings estimate of about $6 million, on revenue of about $324 million. The Milpitas, Calif., company will release first-quarter results on April 27.
CollaGenex Pharmaceuticals Inc.'s (NasdaqGM:CGPI - News) fourth-quarter loss narrowed to $4.83 million, or 28 cents a share, from $6.41 million, or 72 cents a share, a year earlier. The Newtown, Pa., pharmaceutical company said fourth-quarter revenue climbed to $13.2 million from $2.95 million, largely due to sales of Oracea, which totaled $9.7 million for the latest period. The drug, which treats inflammatory lesions of rosacea, was launched in the U.S. in July 2006. Analysts polled by Thomson Financial expected, on average, a fourth-quarter loss of 42 cents a share on revenue of $10.5 million.
Countrywide Financial (NYSE:CFC - News) chief financial officer says some subprime lenders will likely go belly up as a result of the current turmoil in the sector, but he stressed that the mortgage giant will pull through because of its broader business mix.
DaimlerChrysler (NYSE:DCX - News) stock jumped as Cerberus Capital Management emerged as the latest suitor for Chrysler after the private equity giant reportedly met with the struggling automaker to discuss a potential bid.
Datatrak International Inc. (NasdaqCM:DATA - News) shares gained after the company announced that it has been selected as the exclusive clinical trial technology platform by a unnamed multi-billion dollar North American pharmaceutical company. Cleveland-based Datatrak said the company was not previously a customer. Specifications and budgets related to the pending projects are not yet finalized, but Datatrak said multiple clinical trials are expected to begin in 2007.
Finisar Corp. (NasdaqGS:FNSR - News) reported pro forma third-quarter revenue of $107.5 million, up 16% from the year-ago period. The Sunnyvale, Calif.-based optical equipment company said its results were preliminary due to its ongoing review of historical stock options grants.
First Consulting Group Inc. (NasdaqGM:FCGI - News), the Long Beach, Calif., provider of outsourcing, consulting and systems-implementation and -integration services to health-related industries, delayed releasing its fourth-quarter and full-year financial results by a week, to March 13. In a statement, FCGI said it needed the extra time to complete tax-related analysis regarding how to apply certain net-operating-loss carry-forwards. "The analysis is not expected to impact the company's pre-tax operating results in any period," First Consulting said.
Fuel Tech Inc. (NasdaqGM:FTEK - News) shares gained after the Batavia, Ill.-based company reported a fourth-quarter net profit of $1.46 million, or 6 cents a share, down from $2.62 million or 11 cents a share, in the year-ago period. Revenue rose 11% to $18.1 million from $16.3 million in the same period last year. Analysts polled by Thomson Financial were expecting a per-share profit of 5 cents on revenue of $17.1 million. Fuel Tech forecast 2007 revenue of $90 million to $95 million.
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Bullish calls:
RPM (NYSE: RPM - News): 'Most people do not know this coating stock that has traditionally paid a 3% dividend, met the quarter - quarter after quarter ... I've always wondered why this company hasn't been taken over yet. It is a terrific, terrific little sleeper company.'Wachovia (NYSE: WB - News): 'I think that WB, with a 4% yield, is not going to go down when they report the quarter. It's a very well run bank. I condone owning it through earnings period.'BioMarin (NASDAQ: BMRN - News): 'I have been behind BMRN for a long time, and I am not backing away. Therapeutic enzyme products. It's just - for burns - I think they've got a bunch of stuff in the pipeline ... BMRN is a really terrific story.'Diageo (NYSE: DEO - News): 'I won't let it go, because this is a 4% yielder that's moving into China aggressively. And I think the business is too good to sell.'Apple (NASDAQ: AAPL - News): 'I am in still AAPL, and I'm staying that way.'Nice (NASDAQ: NICE - News): 'FLIR, No. 2 - and NICE, No. 1 - have been our ways to play counterterroism, because they have great homeland security products.'Savient (NASDAQ: SVNT - News)Flir Systems (FLIRP): ' ... you look very closely at Monday nights '24' [TV show], you will see FLIR in action.'Johnson & Johnson (NYSE: JNJ - News): 'I want the real deal. Why don't you give me a little JNJ? Although some people don't like the quarter, not me.'Fuel Tech (NASDAQ: FTEK - News): 'One of the few pollution control stocks that actually makes a lot of money, and can do well.'Nordstrom (NYSE: JWN - News): ' ... will indeed blow away it [the quarter]...'
Bearish calls:
Teva Pharmaceutical (NASDAQ: TEVA - News): 'TEVA - No! I do not like that stock. I don't want you near it. Sell, sell, sell!'Cnooc (NYSE: CEO - News): 'No. There was a time when I liked this stock ... I have backed away from this group. This is a Chinese crude oil stock. On any bounce, ka-ching, ka-ching. [sell].'Research in Motion (NASDAQ: RIMM - News): 'A played out story. It reported that great quarter and it didn't move... I want you to sell, sell, sell!'

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