Jim Cramer Blog

U.S. stocks experienced a roller coaster ride on Monday, after a global sell off was triggered by the collapse of Bear Stearns. The Federal Reserve took emergency action, cutting the discount rate by 25bp and offering to lend to securities dealers at the same rates as banks.
The Dow gained +21.16, while the Nasdaq Composite lost -35.48, and the S&P 500 -11.54.
Here are 7 stocks to watch...
Bear Stearns (NYSE:BSC) agreed to be sold to JPMorgan Chase for $2 per share, or $236 million. BSC shares closed at $30 on Friday, valuing the 85-year old investment bank at $3.5 billion. BSC's Short Term PowerRating is 8.
Many analysts felt the price JPMorgan Chase (NYSE:JPM) is paying significantly undervalues Bear Stearns, even allowing for litigation, de-leveraging and integration costs. Especially since the Fed is providing up to $30 billion in financing for BSC's illiquid assets. The decision means the Fed, not JPMorgan Chase, is carrying substantial risk. JPM's Short Term PowerRating is 3.
MF Global (NYSE:MF) shares fell as much as 80%, despite reassurances from the company that it was not experiencing liquidity problems.
Shares of Lehman Brothers (NYSE:LEH) plunged more than 20%, also on liquidity concerns. LEH is due to report earnings of $0.72 before the market open on Tuesday. LEH's Short Term PowerRating is 6.
Also before the market open, Goldman Sachs (NYSE:GS) is expected to report earnings of $2.58. GS's Short Term PowerRating is 5.
In deal news, CME Group (NYSE:CME) agreed to acquire Nymex Holdings (NYSE:NMX) for $9.3 billion. CME's Short Term PowerRating is 5. NMX's Short Term PowerRating is also 5.
And, International Paper (NYSE:IP) agreed to acquire the packaging and recycling businesses of Weyerhaeuser (NYSE:WY) for $6 billion. IP's Short Term PowerRating is 5. WY's Short Term PowerRating is 4.
Do you think International Paper will close up or down on Wednesday? Go to TradingMarkets.com to play our Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.

Labels: BSC, CME, CME Group Inc., Goldman Sachs Group Inc., GS, Hot Stocks, IP, JPM, LEH, Lehman Brothers Holdings Inc., MF, NMX, WY

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Electronic Arts (NasdaqGS:ERTS - News) beat earnings on Thursday with $0.27 EPS over an expected $0.20 EPS. ERTS's PowerRating (for Traders) is 5.
Bebe Stores (NasdaqGS:BEBE - News) missed earnings expectations on Thursday afternoon, with $0.16 EPS versus a consensus of $0.17 EPS. BEBE's PowerRating (for Traders) is 5.
Verisign (NasdaqGS:VRSN - News) also missed earnings, with $0.26 EPS versus expectations of $0.27 EPS. VRSN's PowerRating (for Traders) is 6.
Chevron (NYSE:CVX - News) reports earnings on Friday before the market opens, with analysts looking for $2.05 EPS. CVX's PowerRating (for Traders) is 6.
When Duke Energy (NYSE:DUK - News) reports quarterly earnings tomorrow morning, analysts will be watching for $0.39 EPS. DUK's PowerRating (for Traders) is 4.
International Paper (NYSE:IP - News) is looking to report $0.57 EPS on Friday morning before the market opens. IP's PowerRating (for Traders) is 4.
Analysts are watching for NYSE Euronext (NYSE:NYX - News) to report $0.72 EPS on Friday before the market opens. NYX's PowerRating (for Traders) is 5.

Labels: BEBE, CVX, DUK, ERTS, Hot Stocks, IP, NYSE Euronext Inc., NYX, VRSN

International Paper (NYSE: IP - News) today announced that third-quarter earnings will be less than analysts' consensus estimates due to lower land sales than previously estimated in the quarter. The company continues to expect that third-quarter earnings will exceed second-quarteWhile the company previously estimated that third-quarter land sales earnings would be approximately $110 million to $140 million, it now expects third-quarter land sales earnings of approximately $100 million and full-year 2007 land sales earnings in the range of $450 million to $500 million.
Separately, the company announced that fourth-quarter earnings from its recently completed 50:50 joint venture with Ilim Group will be included in International Paper's first-quarter 2008 financial statements; thereafter, the company will continue to report the joint venture results on a one-quarter lag.r earnings of $0.52 per share.

Labels: International Paper Co., IP

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
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.

Southwest Water (NasdaqGS:SWWC - News) & Gentiva Health Services (NasdaqGS:GTIV - News). SWWC's PowerRating (for Traders) is 7, and GTIV's PowerRating (for Traders) is 6.
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.
MGIC Investment (NYSE:MTG - News). MTG's PowerRating (for Traders) is 6.
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.
International Paper (NYSE:IP - News). IP'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.
Palm (NasdaqGS:PALM - News). PALM's PowerRating (for Traders) 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.
Genentech (NYSE:DNA - News). DNA's PowerRating (for Traders) is 4.
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.
Advanced Micro Devices (NYSE:AMD - News). AMD's PowerRating (for Traders) is 4.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: AMD, DNA, GTIV, Hot Stocks, IP, MTG, PALM, SWWC

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. Historically, these stocks have provided traders with a significant edge.

Black & Decker (NYSE:BDK) & Onyx Pharmaceuticals (NasdaqGM:ONXX). BDK's PowerRating is 6, and ONXX'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.
International Paper (NYSE:IP) & Archstone-Smith (NYSE:ASN). IP's PowerRating is 6, and ASN's PowerRating is7.
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.
Gymboree (NasdaqGS:GYMB) & Penn National Gaming (NasdaqGS:PENN). GYMB's PowerRating is 8, and PENN's PowerRating is 8.
Bearish
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.
Citizens Republic Bancorp (NasdaqGS:CRBC). CRBC's PowerRating is 4.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: ASN, BDK, CRBC, GYMB, Hot Stocks, IP, ONXX, PENN

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Las Vegas Sands (NYSE:LVS - News) barely beat earnings on Wednesday afternoon, announcing $0.32 EPS over an expected $0.31 EPS. LVS's PowerRating is 6.
Symantec (NasdaqGS:SYMC - News) beat earnings on Wednesday, with $0.24 EPS over a consensus of $0.20 EPS. SYMC's PowerRating is 4.
International Paper (NYSE:IP - News) announces earnings on Thursday morning; watch for $0.40 EPS. IP's PowerRating is 5.
MGM Mirage (NYSE:MGM - News) should report $0.63 EPS in quarterly earnings on Thursday before the market opens. MGM's PowerRating is 6.
Analysts will be watching for OfficeMax (NYSE:OMX - News) to report $0.94 EPS on Thursday morning. OMX's PowerRating is 6.
When Reliant Energy (NYSE:RRI - News) announces quarterly earnings on Thursday morning, look for -$0.06 EPS. RRI's PowerRating is 6.
Noble Energy (NYSE:NBL - News) is expected to report $1.00 EPS tomorrow morning. NBL's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: Hot Stocks, IP, LVS, MGM, NBL, OMX, RRI, SYMC

NYSE (NYSE: NYX - News): Cramer would buy NYX at a little over $90 because he predicts it will reach $200 when investors comprehend the value of its Euronext acquisition with its large number of overseas listings.
TXU (NYSE: TXU - News), McDermott (NYSE: MDR - News), Foster Wheeler (NasdaqGS: FWLT), Louisiana-Pacific (NYSE: LPX - News), Easman Chemical (NYSE: EMN - News), International Paper (NYSE: IP - News): Infrastructure is going to be "en fuego" on the TXU buyout, says Cramer who adds those who are shorting MDR are "going to have their bells rung." He suggests buying MDR and notes FWLT is down a bit too. Cramer calls EMN "cheap, cheap cheap!" and identifies IP and LPX, a stock "nobody cares about," as takeover candidates.

Labels: EMN, IP, Jim Cramer, Jim Cramer's Stop Trading, LPX, MDR, NYX, TXU

Bullish calls:
Blockbuster (NYSE: BBI - News): 'No, you don't have to sell it. That WMT is all bluster now [WMT's video rental service] I am not worried one bit about WMT. I am reiterating my buy for BBI.'MRV Communications (NasdaqGM: MRVC): They reported what I think is a very good quarter, when it comes to revenues ... Luminent is their business. They're going to spin it off. I'm still using a $5.50 price target, even after this run. MRVC - stay tuned. That was a nice quarter tonight.'Yahoo! (NasdaqGS: YHOO): 'I've been selling it, paring my portfolio. We got lucky - it's moved up a lot. It still - because of Panama - can't miss here. Why? Because if it does miss, they get rid of Semel [CEO]. If they don't, it goes higher. Two ways to win.'Movado (NYSE: MOV - News): 'I didn't like MOV, because they told me they weren't in Costco, and sure enough, there was a Movado watch... But, you know what? I'm a forgiving bobblehead, and I realized that MOV is a good company. And the stock hit a 52-week high today at $30. With a reluctant two thumbs up...'BHP Billiton (NYSE: BHP - News): ' I have rarely seen a company that is more in love with its shareholders than BHP, They're returning big capital. BHP and Cramer fave, RIO, are both winners. I think BHP goes to $50 bucks.'Companhia Vale do Rio Doce (NYSE: RIO - News): 'I think RIO's headed right to $40.'Polaris Industries (NYSE: PII - News): ' That dividend is good! You would think, given the alleged global warming, I feel there is a problem just being in snowmobiles, but they also have all-terrain vehicles ... The business is well-managed.'Crown Holdings (NYSE: CCK - News): 'They have cleared up their asbestos problems ... This stock has now moved to its 52-week high. Do you mind if we wait for a little bit of a pullback, before we step up to the plate and buy some CCK? Don't pull the trigger just yet.'Nokia (NYSE: NOK - News): 'Listen, I like the NOK right here ... I basically think that NOK is going to $25 ... Stay with NOK.'Procter & Gamble (NYSE: PG - News): 'I like PG too.'Prudential (NYSE: PRU - News): 'I want to own PRU. That's a better story.'International Paper (NYSE: IP - News): ' I liked it at $33. I'm sticking by it. It's one cheap stock.'
Bearish calls:
Wal-Mart (NYSE: WMT - News)Arena Pharmaceuticals (NasdaqGM: ARNA): 'I want you to take it all off ... I really blew that call. That company is a serial financer of itself, meaning they are constantly re-issuing stock. They kind of broke my heart... Sell, sell, sell!'BMC Software (NYSE: BMC - News): 'Let's stay away from that sector. I just think there's nothing to offer in software.'If tCitigroup (NYSE: C - News):' I guess what I'm saying is you've got the worst bank in the world... I don't want you to stay with it...'Allstate (NYSE: ALL - News): 'No. I would sell ALL now. I want to own PRU. That's a better story.'

Published By SeekingAlpha

Labels: ALL, ARNA, BBI, BHP, BMC, C, CCK, IP, Jim Cramer, Lightning Round, Mad Money, MOV, MRVC, NOK, PG, PII, PRU, RIO, WMT, YHOO

Gilead Sciences (NasdaqGS:GILD - News) beat earnings on Wednesday after the close, announcing $0.78 EPS over an expected $0.68 EPS. GILD's PowerRating is 5.
Google (NasdaqGS:GOOG - News) beat earnings Wednesday afternoon with $3.18 EPS over an anticipated $2.91 EPS. GOOG's PowerRating is 5.
Archer-Daniels (NYSE:ADM - News) reports quarterly earnings on Thursday before the bell; look for $0.60 EPS. ADM's PowerRating is 4.
Boston Scientific (NYSE:BSX - News) is expected to announce $0.17 EPS on Thursday morning. BSX's PowerRating is 4.
When Exxon Mobil (NYSE:XOM - News) reports earnings Thursday morning, look for $1.51 EPS. XOM's PowerRating is 5.
International Paper (NYSE:IP - News) is expected to announce $0.35 EPS Thursday morning. IP's PowerRating is 4.
Analysts are watching for Valero Energy (NYSE:VLO - News) to report $1.37 EPS Thursday before the market opens. VLO's PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net

Labels: ADM, BSX, GILD, GOOG, Hot Stocks, IP, VLO, XOM

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Gilead Sciences (NasdaqGS:GILD - News) beat earnings on Wednesday after the close, announcing $0.78 EPS over an expected $0.68 EPS. GILD's PowerRating is 5.
Google (NasdaqGS:GOOG - News) beat earnings Wednesday afternoon with $3.18 EPS over an anticipated $2.91 EPS. GOOG's PowerRating is 5.
Archer-Daniels (NYSE:ADM - News) reports quarterly earnings on Thursday before the bell; look for $0.60 EPS. ADM's PowerRating is 4.
Boston Scientific (NYSE:BSX - News) is expected to announce $0.17 EPS on Thursday morning. BSX's PowerRating is 4.
When Exxon Mobil (NYSE:XOM - News) reports earnings Thursday morning, look for $1.51 EPS. XOM's PowerRating is 5.
International Paper (NYSE:IP - News) is expected to announce $0.35 EPS Thursday morning. IP's PowerRating is 4.
Analysts are watching for Valero Energy (NYSE:VLO - News) to report $1.37 EPS Thursday before the market opens. VLO's PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net

Labels: ADM, BSX, GILD, GOOG, Hot Stocks, IP, VLO, XOM