Jim Cramer Blog

Crude oil closed at another record high at $97.10 and finally finished Tuesday at $96.70. Adami tells viewers they can play Valero (VLO) on valuation or go with Tesoro (TSO).
Finerman offers EnergySolutions (ES) as an idea since it is scheduled to IPO next week. She would also consider Cameco (CCJ) but only with options. Najarian continues to favor Cypress Semiconductor (CY).
Auto Stocks
General Motors (GM) is set to report earnings Wednesday morning before the bell and Ford Motor (F) is set to report earnings on Friday before the bell. Adami likes Ford Motor. General Motors traded down 3% after hours on news that the company will take a $39 billion non-cash charge on financial assets in the mortgage arm. Macke says that Toyota Motor (TM), Honda Motor (HMC) and Hertz Global Holdings (HTZ) all lose from the continued improvements at Ford and General Motors.
Financials: Macke says we saw a counter trend rally on Tuesday and everything worked accept Citigroup (C) and the retailers. Goldman Sachs (GS) denies write-down speculation for the fourth time on Tuesday.
Google (GOOG) continues to surprise investors with news like the recent entry into the mobile handset market. Najarian thinks the trade is Focus Media Holding (FMCN), which is a China play that sells advertising space on mobile handsets. Google, Apple (AAPL), Intel (INTC), Cisco (CSCO) and Research In Motion (RIMM) all hit 52-week highs Tuesday. Yahoo (YHOO) shares took a hit Tuesday. Cisco Systems (CSCO) is set to report earnings Wednesday.
Adami thinks if the Fed is done cutting rates then Public Service Enterprise Group (PEG) will go lower and you can buy it in the low $80’s.
Pops & Drops
Pops- Archer Daniels Midland (ADM) traded up 7% on a strong profits report.
Jacobs Engineering Group (JEC) traded up 5% after profits rose 43%.
XM Satellite Radio (XMSR) traded up 12% on speculation that the merger with Sirius could get done by year end.
IndyMac Bancorp (IMB) traded up 10% after the CEO said the company would survive the mortgage blowup.
Church & Dwight (CHD) traded up 9% after posting a 34% jump in profits.
MasterCard (MA) traded up 7% after Deutsche Bank upgraded the stock and slapped a $250 price target on the credit card name.
Beazer Homes USA (BZH) trades up 10% after shareholders demand the CEO be fired.
Tenet Healthcare (THC) popped 22% as revenues per patient rose 8%.
Drops- NBTY (NTY) fell 5%.
Cooper Tire & Rubber (CTB) fell 14% as sales and profits missed estimates.
Molson Coors Brewing (TAP) fell 2% after third quarter profits fell amid charges.
Final Trade
Najarian recommends shorting MBIA (MBI).
Macke grabs buy tickets for Intel (INTC).
Adami picked Ford Motor (F).
Finerman advises shorting Lehman Brothers Holdings (LEH)

Labels: CCJ, CNBC's Fast Money, CSCO, CY, F, Fast Money AAPL, Fast Money Recap, FMCN, GM, GOOG, GS, HMC, HTZ, INTC, PEG, RIMM, TM, TSO, VLO, YHOO

Here are 7 stocks for traders for Monday from TradingMarkets.com:
Yahoo (NasdaqGS:YHOO - News) and AT&T (NYSE:T - News) should remain in focus next week, after reports that AT&T wants to scale back contractual agreements, which would affect Yahoo's yearly revenue of around $200 million stemming from deals with the telecom giant. YHOO's PowerRating is 7, and T's PowerRating is 5.
Cogent Communications (NasdaqGM:CCOI - News) announces earnings on Monday morning before the bell, with analysts looking for -$0.24 EPS. CCOI's PowerRating is 3.
Suntech Power (NYSE:STP - News) announces earnings Monday before the open; watch for $0.19 EPS. STP's PowerRating is 3.
When Vail Resorts (NYSE:MTN - News) announces earnings on Monday morning, look for $1.11 EPS. MTN's PowerRating is 5.
Hertz Global (NYSE:HTZ - News) and Retail Ventures (NYSE:RVI - News) report quarterly earnings after the bell Monday, so watch for heightened price action and volatility ahead of the close. RVI's PowerRating is 4, and HTZ does not have PowerRating due to volume constraints.
PowerRatings are courtesy of PowerRatings.net

Labels: CCOI, Hot Stocks, HTZ, MTN, RVI, STP, T, YHOO

24/7 Real Media Inc. (NasdaqGM:TFSM - News) reported a fourth-quarter net loss of $227,000, or breakeven per share, compared with net earnings of $1.4 million, or 3 cents a share, in the year-ago period. Revenue rose to $60 million from $41.7 million.
Amgen Inc. (NasdaqGS:AMGN - News) disclosed it's received an informal inquiry from the Securities and Exchange Commission seeking more information about a Danish study of the company's Aranesp anemia drug.
Avocent Corp. (NasdaqGS:AVCT - News) revised its previously-announced fourth-quarter earnings down by $0.7 million and its revenue by $2.8 million after becoming aware that several previously recorded transactions did not meet revenue recognition criteria. The firm also said certain royalties earned by its LANDesk unit should have been recorded prior to the closing of its acquisition. Avocent said it now doesn't expect to pay the previously accrued contingent consideration of $27 million related to the acquisition. Taking account of the revision, Avocent said fourth-quarter revenue rose 55% to $166.1 million and operating income per share was 59 cents in the quarter, compared to 49 cents a year ago.
Ciena (NasdaqGS:CIEN - News) said it swung to a first-quarter profit of $11.1 million, or 12 cents a share, after revenue jumped 37% to $165 million. Excluding amortization of intangible assets, stock-based compensation and other items, it would've earned 22 cents a share. Analysts polled by Thomson Financial had expected earnings of 23 cents a share on revenue of $164 million. "As bandwidth demands escalate across multiple traffic types, service provider and enterprise customers alike are increasingly looking for solutions that allow them to transition their networks toward powerful converged network architectures capable of delivering any service at any time," said Gary Smith, CEO, in a statement.
Circuit City Stores (NYSE:CC - News) was downgraded to market perform from outperform at Piper Jaffray.
Comfort Systems USA Inc. (NYSE:FIX - News) reported fourth-quarter net earnings of $7.5 million, or 18 cents a share. During the year-ago period, the company posted a net loss of $17.6 million, or 44 cents a share. Revenue at the Houston-based provider of commercial, industrial and institutional heating, ventilation and air conditioning services rose to $268.1 million from $233.7 million.
Constellation Brands (NYSE:STZ - News) said it expects earnings of $1.21 to $1.31 a share for fiscal 2008. On a comparable basis, excluding items, the Fairport, N.Y., alcohol producer and marketer forecast earnings of $1.30 to $1.40 a share. It sees a net sales decrease of 12% to 14% for the year, citing the impact of using the equity method to report the results of its Crown Imports joint venture. The company expects free cash flow of between $140 million and $160 million for fiscal 2008. Constellation also said its board has approved the buyback of up to $500 million worth of its common stock. The average estimate of analysts polled by Thomson Financial is for a profit of $1.83 a share in fiscal 2008. As for fiscal 2007, the company expects earnings of $1.34 to $1.39 a share. On a comparable basis, it sees a profit of $1.65 to $1.70 a share for the fiscal year ended Feb. 28. Wall Street's current consensus estimate is for earnings of $1.67 a share for the year. It sees net sales growth in the low double digit to low teens for fiscal 2007. The company also said it expects its Svedka vodka acquisition to close in mid-March.
Corrections Corp. of America (NYSE:CXW - News) said its chief financial officer, Irving Lingo, will retire. The Nashville, Tenn. correctional facility operator said it has selected Todd Mullenger, currently the company's Treasurer, as the new CFO, effective March 16.
Douglas Emmett Inc. (NYSE:DEI - News) reported a fourth-quarter net loss of $20.6 million, or 18 cents a share. The Santa Monica, Calif.-based real estate investment trust posted total revenue of $87 million for quarter, which ended Dec. 31.
Energy Partners Ltd. (NYSE:EPL - News) posted a loss of $52.5 million, or $1.35 a share, for the fourth quarter, down from a year-ago profit of $28.1 million, or 69 cents a share. The New Orleans-based oil and natural gas exploration company attributed the majority of its loss in the latest period to $77.9 million in pre-tax non-cash costs related to property impairments. On an adjusted basis, the company said its earnings would have been $4.9 million, or 13 cents per basic share, in the latest quarter.
Focus Media Holding Ltd. (NasdaqGM:FMCN - News) agreed to acquire Allyes Information Technology Co., a China-based Internet, for $70 million in cash and $155 million of stock.
Goodman Global (NYSE:GGL - News) reported fourth-quarter earnings of $11.2 million, or 16 cents a share, up from a year-ago loss of $803,000, or 2 cents a share. Excluding items, the Houston-based maker of heating, ventilation and air conditioning products posted an adjusted profit of $13 million in the year-ago period. Looking ahead, the company forecast earnings of $1.30 to $1.40 a share for 2007. Wall Street's current consensus estimate is for a profit of $1.30 a share for the year.
Hertz Global Holdings Inc. (NYSE:HTZ - News) said it will eliminate 1,350 jobs in a new restructuring initiative intended to save $125 million in yearly compensation.
IndyMac Bancorp (NYSE:NDE - News) said it sees tough conditions ahead for loan originations and credit, and warned earnings in 2007 will be lower than 2006. In a letter to shareholders, the company forecast a return on equity (ROE) of 10%-15% for the year. "Our ROEs for the early quarters of the year will be at the low end of the range above; however, during the second half of the year, if we execute on our plans as we expect, and with a little luck, our ROEs could be at or even somewhat above the high end of the range," the company said.
Input/Output Inc. (NYSE:IO - News) shares tumbled after the Houston-based provider of seismic acquisition equipment and software reported fourth-quarter net earnings of $13.7 million, or 15 cents a share, vs. $16.1 million, or 17 cents a share, in the year-ago period. Revenue rose to $166.2 million from $131 million. Analysts polled by Thomson Financial were expecting a per-share profit of 15 cents. Input/Output forecast 2007 earnings of 45 cents to 60 cents a share on revenue of $610 million to $670 million.
Intevac (NasdaqGM:IVAC - News) was downgraded to market weight from overweight at Thomas Weisel Partners.
Laboratory Corp. of America (NYSE:LH - News) said it expects 2007 earnings will be reduced by 4-12 cents a share after Aetna Inc. (NYSE:AET - News) cancelled its contract with the company, effective July 1. "We are disappointed with Aetna's decision but we are confident in our strategy for profitable growth," CEO David King said in a release.
Limited Brands Inc. (NYSE:LTD - News) said its profit fell in the latest quarter compared with the same period a year earlier, which was lifted by favorable onetime gains.
Medicis Inc. (NYSE:MRX - News) reported fourth-quarter net income of $17.9 million, or 27 cents a share, compared with $37.3 million, or 56 cents a share, for the same quarter last year. Revenue rose to $99.1 million, from $80.7 million last year. Medicis also said it expects to post earnings of 12 cents a share and revenue of $95 million for the first quarter 2007. For 2007, the company sees earnings of $1.12 a share, on revenue of $455 million.
Published By MarketWatch

Labels: AET, AMGN, AVCT, CC, CIEN, CXW, DEI, EPL, FIX, FMCN, GGL, HTZ, IO, IVAC, LH, LTD, MRX, NDE, STZ, TFSM

Bullish calls:
NYSE Group (NYSE: NYX - News): 'NYX is still my growth stock of the year.'Altria (NYSE: MO - News): ' ... that's my number 1 value stock of the year, and we've been making money in that name. 'Public Storage (NYSE: PSA - News): 'PSA is one of those incredible situations where I believe... this group's in bull market mode, and it is not about to stop, and I think PSA is two thumbs up, way up!'Tower Group (NASDAQ: TWGP - News): ' I like the insurance business. Obviously, a little expensive versus price to book, because it sells at like 4x book. But it's growth rate is equal to its P/E multiple.'Transocean (NYSE: RIG - News)GlobalSantaFe (NYSE: GSF - News)Wells Fargo (NYSE: WFC - News): 'WFC - best in show quarter.'JPMorgan (NYSE: JPM - News): 'I suggest you swap into JPM.' WFC - best in show quarterJ.C. Penney (NYSE: JCP - News): 'Let me just tell you to be in some JCP.'
Bearish calls:
General Motors (NYSE: GM - News): 'GM is in a holding pattern. It can't do anything until the numbers start getting better. Had they not lost Jerry York ... the stock would have gone to $40. Right now, it is strictly 'don't buy, don't buy...'Hertz Global (NYSE: HTZ - News): ' Take the money and run! I don't want to be there.'Intercontinental Exchange (NYSE: ICE - News): 'The ICE still does not melt... I do not understand why this stock is so strong, other than it trades oil... I still like NYX more. Don't buy, don't buy.'LoJack (NASDAQ: LOJN - News): 'They missed the quarter.'Del Monte Foods (NYSE: DLM - News): ' ... it has been historically a bad investment, and it's not going to change. That company is poorly run!'ON Semiconductor (NASDAQ: ONNN - News): 'No, no, no. Time to ring the register. That particular part of the tech bull market is on hold until August.'DivX (NASDAQ: DIVX - News): 'We recommended it at $18. It was a fabulous call. We pulled the trigger. When it got to $28, we said enough is enough. It's back to $21. I'm not going away from that.'King Pharmaceuticals (NYSE: KG - News): ' ... I have disliked KG for as long as this stock has been going down. I don't like the generics. I reiterate my sell on KG. 'Tata Motors (NYSE: TTM - News): 'I cannot in good conscience say that I am going to recommend that you buy it, but I am certainly, certainly going to tell you - if you own TTM - you can hold it, but you better do a little schnitzelling...'Hercules Offshore (NASDAQ: HERO - News): 'This is an example of the need to be selective. I want you to sell HERO. I don't like the U.S. offshore market.'The Bank of New York (NYSE: BK - News): ' I'm not a big fan of stocks that have already announced big deals.'Aeropostale (NYSE: ARO - News): 'No. I don't need that teen ghetto - it's too hard for me.'

Published By SeekingAlpha

Labels: BK, DIVX, DLM, GM, GSF, HERO, HTZ, ICE, JCP, JPM, KG, LOJN, MO, NYX, ONNN, PSA, RIG, TTM, TWGP, WFC

BioCryst Pharmaceuticals (NASDAQ:BCRX - News) named Jon Stonehouse its chief executive. BioCryst, a Birmingham, Ala., drug development company, said Stonehouse succeeds Charles Bugg, the company's founder and CEO. Bugg will become nonexecutive chairman. Stonehouse had been senior vice president of corporate development at Merck KGaA.
Caremark Rx (NYSE:CMX - News) rejected an unsolicited merger proposal from Express Scripts (NASDAQ:ESRX - News) and affirmed its support for a deal with CVS (NYSE:CVS - News).
Compucredit Corp. (NASDAQ:CCRT - News) said in a filing with the Securities and Exchange Commission that it now expects earnings for the fourth quarter to come about 20% below its previous projections.
Delta Apparel Inc. (AMEX:DLA - News) said it expects second-quarter sales of $72 million to $73 million, down from a previous estimate of $74 million to $78 million, and earnings of 5 cents to 7 cents a share, down from a prior projection of 14 cents to 18 cents a share. Delta Apparel also cut its forecast for the year's sales and earnings.
Dynavax Technologies Corp. (NASDAQ:DVAX - News) shares fell after the Berkeley, Calif.-based biotech company said interim one-year data from its two-year ragweed allergy trial indicated that "no meaningful ragweed-specific allergic disease was observed in the study population," making it impossible for the company to measure the impact of its Tolamba treatment. "This result was unexpected, though these challenges are well known to occur in allergy drug development," said Dino Dina, president and chief executive, in a statement. "Due to the fact that no clinically significant disease was seen in the study population, it was impossible to measure the effect of our intervention."
Fastenal (NASDAQ:FAST - News) was downgraded to hold from buy at BB&T Capital Markets.
Garmin (NASDAQ:GRMN - News) was downgraded to neutral from buy at D.A. Davidson due to valuation concerns.
GOL Linhas Aéreas Inteligentes (NYSE:GOL - News) said its passenger traffic rose 48% in December while its capacity rose 65% for the month, compared to the same period last year. That caused its load factor, or percentage of seats filled with paying passengers, to fall to 67.4% from 75.2%. The Brazilian low-cost airline also forecast a drop in fiscal year earnings to 3.15 to 3.30 reals a share, down from 3.40 to 3.65 reals a share.
Heartland Payment (NYSE:HPY - News) was downgraded to underweight from market weight at Thomas Weisel Partners.
Hertz (NYSE:HTZ - News) plans to cut roughly 200 jobs in the first of "a series of initiatives" to improve its competitiveness. The layoffs will come at headquarters in Park Ridge, N.J., a service center in Oklahoma City, and in U.S. field operations. The car-rental company expects to save as much as $15.8 million annually from the job cuts and expects restructuring charges of $3.3 million to $3.8 million in the first quarter.
MarineMax Inc. (NYSE:HZO - News) sees a first-quarter loss of 20 cents to 25 cents a share; the First Call-derived average forecast stands at a loss of 6 cents. The company also lowered its profit outlook for fiscal 2007.
Medecision (NASDAQ:MEDE - News) shares plunged after the Wayne, Pa.-based a provider of software and services to healthcare payers said late Friday it expects fourth-quarter revenue of $10.3 million to $10.6 million. MEDecision said it signed five contracts during the quarter, resulting in lower-than expected term license revenue of between $1.1 million and $1.3 million.
Methanex Corp. (NASDAQ:MEOH - News) was downgraded to sector underperformer from sector performer at CIBC World Markets.
Microsemi (NASDAQ:MSCC - News) was downgraded to equal weight from overweight at Lehman Bros. The firm cited a lack of catalysts for the stock.
Molex Inc. (NASDAQ:MOLX - News) lowered its second-quarter earnings and sales outlook citing lower-than-anticipated gross margins, which is due primarily to lower sales and higher price erosion in its mobile phone business. The Lisle, Ill. electronics components maker now expects to earnings of 34 to 37 cents a share vs. its previous forecast of 39 to 43 cents a share. Revenue is expected to be $830 million to $840 million, revised from a previous projection of $830 million to $850 million. The company also sees new orders slowing to $770 million to $780 million.
Myriad Genetics (NASDAQ:MYGN - News) said a clinical trial of MPC-7869, designed to evaluate its safety and potential efficacy in slowing the rate of progression of prostate cancer, didn't show statistical significance in either endpoint. The primary clinical endpoints of the trial were the time to systemic disease progression and the change in velocity of prostate specific antigen levels. The company said it does not intend to pursue further development of the compound in cancer. Myriad said it will continue to concentrate its efforts on the compound's activity in Alzheimer's disease.
Newmont Mining (NYSE:NEM - News) was downgraded to underweight from neutral weight at Prudential, which cited weak earnings power even at optimistic assumptions for metals prices. Analyst John Tumazos also lowered his stock price target to $40 from $50. "While heretofore we have 'disbelieved' how badly the company's costs deteriorated, and expected a future cost turnabout, we have given up hope in large part," Tumazos said in a research note to clients. "We expect a higher gold price outlook owing in part to higher gold mining costs and output erosion, but the profit margin at those higher prices is much lower than envisioned several years ago."
Northwest Airlines Corp. (Other OTC:NWACQ.PK - News) said traffic in December rose 1.1% to 6.38 billion revenue passenger miles. Load factor, or the percentage of the plane filled with passengers, increased by 0.7 percentage points to 80.7%. Capacity rose 0.1% to 7.9 billion available seat miles, the Eagan, Minn.-based carrier said.
Novastar Financial (NYSE:NFI - News) was downgraded to market perform from market outperform at JMP Securities.
Nu Horizons Electronics (NASDAQ:NUHC - News) said net income rose 59% to $2.4 million, or 13 cents a share, for its fiscal third quarter ended Nov. 30 with sales up 26% to $186 million. From the last quarter, however, sales fell at the electronic components distributor, due to a decline in the company's systems business related to a substantial customer-specific decrease, as well as to market weakness related to some end customer and manufacturing channel inventory builds.
Panacos Pharmaceuticals (NASDAQ:PANC - News) named Alan Dunton M.D. its new chief executive. Dunton has also been added to the company's board of directors. Dunton replaces Peyton Marshall, Panacos' chief financial officer, who had served as interim CEO since the sudden death of former Chief Executive Samuel "Skip" Ackerman last June.
P.F. Chang's China Bistro (NASDAQ:PFCB - News) was downgraded to underperform from peer perform at Bear Stearns.
Schnitzer Steel Industries (NASDAQ:SCHN - News) reported first-quarter earnings of $21 million, or 69 cents a share, down from a year-ago profit of $42 million, or $1.34 a share. The year-ago results included a gain of $34 million related to an asset disposition as well as a charge of $11 million from an investigation reserve. Excluding items, Portland, Ore.-based Schnitzer earned $19 million, or 61 cents a share, in the year-ago period. Revenue rose in the latest three months to $510 million from $341 million in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 99 cents a share in the November period on revenue of $511.9 million. The company said it saw lower volumes and higher costs per ton in the latest quarter due to the installation of mega-shredders at its metals recycling facilities in the Oakland and Boston areas. In addition, margins were hurt by higher raw material costs in the quarter, and its auto parts business saw lower vehicle purchases due to higher prices.
Targeted Genetics Corp. (NASDAQ:TGEN - News) agreed to sell 2.18 million shares to institutional investors at a price of $4 each. The transaction includes warrants to purchase up to 763,000 shares, exercisable at price of $5.41 per share. The Seattle-based biotechnology company expects net proceeds of $8.1 million from the transaction, which is expected to close Jan. 11. Targeted Genetics plans to use the funds for working capital and general corporate purposes.
Published By MarketWatch

Labels: BCRX, CCRT, CMX, CVS, DLA, DVAX, ESRX, FAST, GOL, GRMN, HPY, HTZ, HZO, MEDE, MEOH, MYGN, NEM, NFI, SCHN, TGEN

Buoyed by falling oil prices, stocks shrugged off mixed holiday retail numbers and meandered higher today in light trading. As is typical of the markets this time of year, there were few catalysts to move stocks, and investors looked ahead to next year. The three major indices all ended the session up around 0.5%.
Among the biggest movers was drugmaker Telik (Nasdaq: TELK - News), which plummeted -71% after the company's cancer drug failed to show improvement in patients in two late-stage trials. The news prompted downgrades from a number of analysts.
Three Wall Street analysts initiated coverage on recent IPO Hertz Global Holdings (NYSE: HTZ - News). Lehman Brothers started the car rental company with an "overweight" rating -- the equivalent of a "buy" rating -- and a $20 price target. Goldman Sachs also started Hertz with a "buy" and a $20 target, based on the company's ability to benefit from favorable pricing from its car suppliers. JP Morgan, meanwhile, started the stock with a "neutral" rating based on valuation concerns.
Elsewhere, news of a pair of minor deals hit the wires. Internet networking company Savvis (Nasdaq: SVVS - News) agreed to sell its content delivery network assets to Level 3 Communications (Nasdaq: LVLT - News) for between $125-130 million, and oil and gas producer Anadarko Petroleum (NYSE: APC - News) said it will sell two Louisiana gas fields to EXCO Resources (NYSE: XCO - News) for $1.6 billion. Meanwhile, Freeport-McMoRan Copper & Gold (NYSE: FCX - News) received antitrust clearance in its takeover of Phelps Dodge (NYSE: PD - News)
In tech news, reports emerged of security flaws in Microsoft's (Nasdaq: MSFT - News) new Vista operating system, but investors shrugged off the news and pushed the stock higher. Microsoft added 1%. News of Amazon.com's (Nasdaq: AMZN - News) "best ever" sales for this year's holiday shopping season met with the opposite reaction, as the stock closed down -1%.
Microsoft is a Bull Market Report Recommended List stock.

Labels: AMZN, APC, FCX, HTZ, LVLT, MSFT, PD, SVVS, TELK, XCO

Three Chinese companies -- a casino operator, a solar-power company and a maker of plastic wrap -- led a pack of four new stocks in trading Friday, as the U.S. IPO market enters its final week of activity before a holiday hiatus that will last until mid-January. Three other stocks are expected to begin trading Wednesday.
Melco PBL Entertainment Ltd. closed at $21.55 a share on the Nasdaq Stock Market, up 13 percent from its IPO price of $19 a share. The casino company, based in Hong Kong, sold more stock than expected -- 60.3 million American depository shares, up from 53 million -- at a price above the $16 to $18 range set by underwriters.
As a result of the increased size of the deal, Melco's $1.15 billion offering joins the ranks of a half-dozen U.S.-listed IPOs this year that have raised $1 billion or more, according to Thomson Financial. Excluding overallotment shares, it is the fourth largest in the United States during 2006, behind MasterCard Inc., Spirit Aerosystems Holdings Inc. and Hertz Global Holdings Inc.
Melco is focused on fast-growing Macau, the only area in China where casino gambling is legal; it's a region that lags slightly behind the Las Vegas Strip and is well ahead of Atlantic City in terms of gambling revenue generated in the first nine months of this year.
The majority of the IPO's proceeds will be used to pay down its current debt, but the company could require more debt or equity financing in order to meet its future obligations.
The company is a joint venture between Hong Kong's Melco International Development Ltd. and Australia's Publishing & Broadcasting Ltd. The two partners will continue to hold a majority of the company's shares after the IPO.
Trina Solar Ltd. closed at $20.28 a share on the New York Stock Exchange, up 10 percent from its initial public offering price of $18.50. The company sold 5.3 million American depositary shares at a price above its expected range of $13.50 to $15.50.
The Jiangsu-based company has been making solar modules since 2004, and plans to begin making its own solar cells by mid-2007.
In the first nine months of the year, revenue increased nearly sevenfold to $75.7 million compared with the same period of 2005; income rose at the same pace to $7.8 million, as the average selling price of its products increased.
Another solar-products maker, Solarfun Power Holdings Co., is expected to begin trading Wednesday.
The third Chinese company, Fuwei Films Co., closed at $11.08 a share on the Nasdaq, up 34 percent from its IPO price of $8.28 a share. The company sold 3.75 million shares at the low end of its $8 to $10 price range, which was set by underwriter Maxim Group LLC.
Based in Shandong, Fuwei makes plastic film for use in everything from consumer packaging to video and audio tapes. It began operating in 2003, and in the first nine months of the year, its revenue rose 35 percent to $39.5 million and income rose 13 percent to $5.6 million as it sold more film at higher prices.
The final debut of the day came from Claymont, Del., steel plate maker Claymont Steel Holdings Inc. That stock closed at $18.44 a share on the Nasdaq, up 8 percent from its IPO price of $17.
The company sold more shares than expected -- 8.7 million, up from the 6.25 million it had originally planned -- at the high end of its expected price range.
Claymont operates a non-unionized mill that specializes in customized steel plates, which allows it to charge higher prices than standardized commodity steel mills.
In the first nine months of the year, its sales rose 21 percent to $247.7 million, while net income declined 9 percent to $29.6 million, compared with the same period of 2005.
Claymont warns that it carries a substantial amount of debt -- a total of $243.8 million as of Sept. 30 -- and has a shareholders' deficit of $141.1 million.
Besides its debt level, Claymont warns in its prospectus that price of its primary raw material, scrap metal, has risen sharply since 2003, thanks to foreign demand from places like China.

Labels: HTZ, MA, MPEL, PLTE, SPR, TSL

Mad Money Lightning Round:

Bullish: AMGN, HOG, NICE, APKT,
Bearish: BGC, PDLI, ASEI, JBLU, NDE

Labels: AMGN, APKT, ASEI, BGC, HOG, HTZ, JBLU, Jim Cramer, Lightning Round, Mad Money, NDE, NICE, PDLI

Labels: AMGN, APKT, ASEI, BGC, democrats, HAL, halliburton, HOG, HTZ, JBLU, Jim Cramer, KBR, Kellogg Brown and Root, Mad Money, NDE, NICE, NMX, NYMEX, NYX, PDLI