Jim Cramer Blog

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
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.
Oppenheimer Holdings (NYSE:OPY - News). OPY's PowerRating (for Traders) 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.
Black Box (NasdaqGS:BBOX - News). BBOX's PowerRating (for Traders) 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.
Amerigon (NasdaqGM:ARGN - News). ARGN's PowerRating (for Traders) is 8.
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.
Innovative Solutions (NasdaqGS:ISSC - News). ISSC's PowerRating (for Traders) is 3.
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.
CEC Entertainment (NYSE:CEC - News) & NuStar (NYSE:NS - News). NS's PowerRating (for Traders) is 4, and CEC'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.
Gateway (NYSE:GTW - News). GTW's PowerRating (for Traders) is 1.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: ARGN, BBOX, CEC, GTW, Hot Stocks, ISSC, NS, OPY

Stocks drifted lower after data showed continued softness in the housing market, with investors once again hesitant to bid up stocks following Friday's strong rally. The Dow erased -57 points, while the Nasdaq and S&P 500 lost -15 and -13 points, respectively. Oil rose 95 cents to finish the session at $72.04.
The National Association of Realtors reported today that sales of previously owned homes in July fell the most in more than five years. The glut of unsold homes also climbed the most since 1991. The group reported that purchases declined -0.2% to an annual rate of 5.75 million homes. Inventories, meanwhile, were the equivalent of 9.2 months of supply. Sales dropped -9% and the median household value fell -0.6% to $228,900. The supply of homes for sale at the end of the month climbed 5.1% to 4.59 million.
On the political landscape, U.S. Attorney General Alberto Gonzales resigned from his post amid what has been a tenure marked by a political fight over the firings of federal prosecutors. He is expected to officially leave his post on September 17th.
On the M&A front, Home Depot (NYSE: HD - News) agreed to sell its HD Supply business to private equity for $8.5 billion, an -18% reduction in price offered at the onset of the deal. The financers that were part of the deal were looking for price cuts as the credit markets have recently gotten more difficult to navigate. Shares rose 1.6%.
Also in deal news, Taiwan based Acer agreed to buy computer maker Gateway Computer (NYSE: GTW - News) for $710 million, or $1.90 a share, a 57% premium to Gateway's closing price on Friday. The combined company would overtake Lenovo (OTC: LNVGY - News) as the third-largest maker of computers. United States Steel (NYSE: X - News) agreed to buy Canadian based Stelco for $1.1 billion in an effort to bolster its position in the flat iron steel market. U.S. Steel shares fell -0.4% on the session.
Shares of Altria Group (NYSE: MO - News), meanwhile, rose 1.3% after a Citigroup analyst predicted the tobacco company would announce the spin-off its international unit at a meeting on Wednesday. The move has been speculated upon for quite some time. Subscribers can read our analysis of Altria in today's issue.
By the BullMarket.com Staff

Labels: GTW, HD, LNVGY, MO, X

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
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.
Badger Meter (NYSE:BMI - News). BMI's PowerRating (for Traders) is 5.
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.
Chattem (NasdaqGS:CHTT - News). CHTT's PowerRating (for Traders) is 7.
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.
Altera (NasdaqGM:ALTR - News). ALTR's PowerRating (for Traders) 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.
Caterpillar (NYSE:CAT - News) & Elan (NYSE:ELN - News). CAT's PowerRating (for Traders) is 7, and ELN'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.
Allstate Corporation (NYSE:ALL - News). ALL'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.
Gateway (NYSE:GTW - News). GTW's PowerRating (for Traders) is 2.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: ALL, ALTR, BMI, CAT, CHTT, ELN, GTW, Hot Stocks

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
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.
Gateway (NYSE:GTW - News). GTW's PowerRating is 5.
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.
Systemax (NYSE:SYX - News). SYX's PowerRating 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. Historically, these stocks have provided traders with a significant edge.
Apex Silver Mines (NYSE:SIL - News). SIL's PowerRating is 3.
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.
Molex (NasdaqGS:MOLX - News). MOLX's PowerRating is 4.
2-Period RSI Above 98: These are stocks that have a 2-day RSI reading above 98 and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average with a 2-period RSI reading above 98 have shown negative returns, on average, 1-day and 1-week later. Historically, these stocks have provided traders with a significant edge.
Biotech HOLDRS (NYSE:BBH - News) & Foot Locker (NYSE:FL - News). BBH's PowerRating is 3, and FL's PowerRating 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.
Accredited Home Lenders (NasdaqGS:LEND - News). LEND's PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net

Labels: BBH, FL, GTW, LEND, MOLX, SIL, SYX

Achillion Pharmaceuticals (NasdaqGM:ACHN - News) shares plunged 50% after the company and Gilead Sciences said late Thursday they have discontinued the development of a treatment for hepatitis C called GS9132. The drug was found to raise the level of serum creatinine, which indicates abnormal kidney function. The companies said the levels fell after the drug cease to be administered. Following the results of Phase 1b/2 studies, the companies said they would shift its focus to other antagonists of a viral protein called NS4A in order to find a lead candidate. The antagonists are developed by Achillion.
BMC Software (NYSE:BMC - News) shares fell 6.6% after the company reported that third-quarter net income rose 31% to $63.9 million, or 30 cents a share, from 48.7 million, or 22 cents a share as revenue grew 8.6%. Excluding certain items, the company recorded adjusted per-share earnings of 41 cents. The Houston management systems company's revenue for the quarter ended Dec. 31 rose to $412.9 million from $380.3 million in the year-earlier period. On average, analysts expected adjusted per-share earnings of 39 cents on revenue of $402.9 million, according to a poll by Thomson Financial. For 2007 the company now expects adjusted per-share earnings of $1.45 to $1.49 compared with $1.40 to $1.48, previously. Wall Street expects adjusted per-share earnings of $1.47. For the fourth-quarter, the company expects adjusted per-share earnings 36 cents to 40 cents on revenue of $415 million to $435 million. Analysts expect adjusted per-share earnings of 40 cents on revenue of $423.5 million.
Brady Corp. (NYSE:BRC - News) shares fell 9.3% after the company said it expects second-quarter per-share net income at 33 cents to 36 cents for the quarter ended January 31, on revenue of $321 million. On average, analysts expect the company to report per-share earnings of 49 cents on revenue of $307.3 million, according to a poll by Thomson Financial. The company said its OEM electronics business softened in the quarter, largely in mobile handsets and hard disks. The Milwaukee identification products provider expects 2007 per-share earnings of $2.06 to $2.15, down from $2.22 to $2.29 previously expected, on revenue of $1.35 billion to $1.37 billion, up from $1.25 billion to $1.28 billion. Wall Street expects 2007 per-share earnings of $2.30 on revenue of $1.28 billion.
Callaway Golf Co. (NYSE:ELY - News) shares lost 11% after the company reported a fourth-quarter net loss $10.2 million, or 15 cents a share, compared with a net loss of $18.7 million, or 27 cents a share, during the year-ago period. The company said it expects 2007 per-share pro forma earnings, including charges for employee long-term incentive compensation, of 66 cents to 76 cents on revenue of $1.035 billion to $1.055 billion.
CTS Corp. (NYSE:CTS - News) shares sank 12% after the company said it's continuing its probe of certain accounting issues. The Elkhart, Ind., maker of electronic components also lowered its outlook for the full year to earnings of 66 to 70 cents a share for fiscal 2006 from a previous projection for a profit of 74 to 77 cents a share. The company cited lower margins in its electronics manufacturing services business and the impact of incorrect accounting.
Curtiss-Wright (NYSE:CW - News) shares lost 8.2% after the company said it expects earnings of $2 to $2.10 per share in fiscal 2007 on revenue of between $1.37 billion and $1.4 billion. The current average estimate of analysts polled by Thomson First Call is for a profit of $2.14 a share in the period.
Energy Conversion Devices Inc. (NasdaqGS:ENER - News) shares sank 16% after the company reported a second-quarter net loss of $2.91 million, or 7 cents a share, compared with a net loss of $5.74 million, or 19 cents a share, during the year-ago period. Revenue reached $22.9 million vs. $24.3 million. Cowen & Co. downgraded the stock to neutral from outperform.
Gateway (NYSE:GTW - News) shares fell 9.8% after the company reported a fiscal fourth-quarter profit of $8.8 million, or 2 cents a share, compared to a loss of $20.9 million, or 5 cents a share, a year ago. Revenue slipped about 9%, to $1.02 billion from $1.124 billion in the year-ago quarter.

MasterCard (NYSE:MA - News) shares lost 9.7% after the company said it earned $40.9 million or 30 cents a share in the fourth quarter, compared to a loss of $52.9 million, or 39 cents a share a year ago. On an operating basis, the company said it earned 31 cents a share in the fourth quarter. Analysts polled by Thomson First Call had, on average, expected the company to earn 17 cents a share. Revenue in the quarter was $839.2 million, up 17% from $715.9 million a year ago, and ahead of the First Call estimate of $826.9 million. MasterCard also said it raised its quarterly dividend to 15 cents a share from 9 cents a share.
Omniture (NasdaqGM:OMTR - News) shares tumbled 18% after the company said its fourth-quarter net loss narrowed to $763,000, or 2 cents a share, from $7.2 million, or 52 cents a share, a year earlier, helped by the addition of more than 250 customers. Excluding items, the Orem, Utah, online business optimization software company's earnings were $900,000, or 2 cents a share. Revenue rose 71% to $23.5 million from $13.7 million a year earlier. Analysts polled by Thomson Financial expected, on average, earnings of a penny a share on revenue of $23.3 million. For the first quarter, the company expects a loss of 4 cents to 5 cents a share, or earnings of breakeven to a penny a share excluding items, on revenue of $26 million to $27 million. For the year, Omniture sees a loss of 13 cents to 15 cents a share, or earnings of 7 cents to 9 cents a share excluding items, on revenue of $128 million to $130 million. Analysts expect, on average, first-quarter earnings of 2 cents a share on revenue of $26.50, and full-year earnings of 17 cents on revenue of $125.9 million.
Silicon Image Inc. (NasdaqGS:SIMG - News) shares fell 14% after the company reported fourth-quarter net earnings of $26.3 million, or 29 cents a share, compared with $12.6 million, or 15 cents a share, in the same period last year. The company sees 2007 revenue of $340 million to $360 million.
Sirona Dental Systems (NasdaqGS:SIRO - News) shares lost 6.2% after the company said fiscal first-quarter earnings fell to $2.3 million, or 4 cents a share, from $3.3 million, or 9 cents a share, a year earlier. The results include a $21.1 million charge for the early extinguishment of debt and a $3.9 million gain from refinancing. Revenue increased 29% to $174.8 million from last year's $135.9 million.
Spectrum Brands (NYSE:SPC - News) shares fell 12% after the company was downgraded to underweight from neutral weight at Prudential Equity Group. The firm reduced its price target on the stock to $7 from $10.
Star Gas Partners (NYSE:SGU - News) shares fell 6.5% after the company said it swung to a fiscal first-quarter net income of $4.7 million, or 6 cents a share, while revenue dropped 20% to $330 million. Slightly higher selling prices were more than offset by a reduction in sales of home heating oil, the company said, while its profit was lifted by a lower charge for the change in fair value of derivative instruments, a reduction in net interest expense and lower depreciation and amortization expenses. The company also said its chief executive, Joseph Cavanaugh, will retire at the age of 70 on May 31, to be replaced by Dan Donovan, the company's president.
United Online (NasdaqGS:UNTD - News) shares lost 8.6% after the Woodland Hills, Calif., provider of Internet access services said it expects a "slight to moderate decline" in revenue for fiscal 2007 from 2006's total of $522.7 million.

Published By MarketWatch

Labels: ACHN, BMC, BRC, CTS, CW, ELY, ENER, GTW, MA, OMTR, SGU, SIMG, SIRO, SPC, UNTD