Jim Cramer Blog

Here are 7 stocks for traders for Monday from TradingMarkets.com:
Piedmont (NYSE:PNY - News) reports earnings on Monday before the bell, with traders looking for -$0.05 EPS. PNY's PowerRating (for Traders) is 6.
When Immucor (NasdaqGS:BLUD - News) reports earnings on Wednesday after the close, traders will be watching for $0.24 EPS. BLUD's PowerRating (for Traders) is 5.
KB Home (NYSE:KBH - News) dropped about 3.5% on Friday, following an extremely weak new home sales report out of the U.S. KBH's PowerRating (for Traders) is 5.
Pulte Homes (NYSE:PHM - News) also fell on the news, down over 2% for the day. PHM's PowerRating (for Traders) is 4.
Cal-Maine Foods (NasdaqGM:CALM - News) rallied 9% on Friday after announcing a massive increase in Q2 net income from the same period last year. CALM's PowerRating (for Traders) is 3.
CDC Corporation (NasdaqGM:CHINA - News) rallied 23% on Friday after announcing that the company's directors and executives have purchased nearly 500k shares of the company over the last week. CHINA's PowerRating (for Traders) is 2.
Checkpoint Software (NYSE:CKP - News) rallied 15% after announcing a new CEO. CKP's PowerRating (for Traders) is 4.

Labels: BLUD, CALM, CHINA, CKP, Hot Stocks, KBH, PHM, PNY

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.
Boeing (NYSE:BA - News). BA'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.
Cablevision (NYSE:CVC - News). CVC'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.
Plum Creek Timber (NYSE:PCL - News). PCL'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.
Sears Holding (NasdaqGS:SHLD - News). SHLD'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.
Continental Airlines (NYSE:CAL - News). CAL's PowerRating (for Traders) is 3.
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.
Nicor (NYSE:GAS - News). GAS'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.
KB Home (NYSE:KBH - News). KBH's PowerRating (for Traders) is 4.
Published By TradingMarkets.com

Labels: BA, CAL, CVC, GAS, Hot Stocks, KBH, PCL, SHLD

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.
Quest Diagnostics (NYSE:DGX - News). DGX'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.
ConocoPhillips (NYSE:COP - News). COP's PowerRating (for Traders) is 7.
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.
LSB Industries (NYSE:LXU - News). LXU'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.
Continental Airlines (NYSE:CAL - News) . CAL'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.
American International Group (NYSE:AIG - News). AIG'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.
Hot Topic (NasdaqGS:HOTT - News). HOTT'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.
KB Home (NYSE:KBH - News). KBH's PowerRating (for Traders) is 3.
Published By TradingMarkets.com

Labels: AIG, CAL, COP, DGX, Hot Stocks, HOTT, KBH, LXU

Bullish:
VMware (VMW)- Cramer thinks you should take half off the table
KB Home (KBH)- Cramer would rather own the senior debt than the common shares.
Hewlett-Packard (HPQ)
Xoma (XOMA)- Buy at $3 and sell it at $5.
Texas Instruments (TXN)- thinks it goes to $40.
Apple (AAPL)- Buy instead of microsoft
Nastech Pharmaceutical (NSTK).

Bearish:
Microsoft (MSFT)- it can't gather momentum no matter what it does
Dell (DELL)- Hewlett-Packard is better
Occidental Petroleum (OXY)- take some of your profits out of the stock.
Isis Pharmaceuticals (ISIS).

Labels: AAPL, HPQ, Jim Cramer, KBH, Lightning Round, Mad Money Lightning Round, NSTK, TXN, VMW, XOMA

Commodity Stocks
Adami: Exxon Mobil (XOM)- Take profits. US Bancorp (USB)- Sees trade opportunity. Gold- Down. Oil- Down. KB Home (KBH)- Likes for a trade. Morgan Stanley (MS) and Bank of America (BAC) also traded higher.
Macke: warns against shorting the financials because he believes the sector will continue to work on the long side. Before earnings, Macke also likes TCF Financial (TCB). Macke also believes that Activison (ATVI) and Electronic Arts (ERTS) make more money off the games for the Wii than games for the Playstation.
China: iShares FTSE/Xinhau China 25 Index (FXI) traded higher for the second day in a row. Najarian: U.S. investors can trade China ETF's and ADR's even when the market in China is closed. Although it has had a monster run, he still believes that Baidu.com (BIDU) will trade higher. Najarian owns BIDU. He also likes the Macau trade with Wynn (WYNN) and Las Vegas Sands (LVS).
Micron (MU) traded lower after hours on a $158 million loss. Najarian believes the run in Micron has already happened. He prefers Sandisk (SNDK) and Rambus (RMBS). Adami believes that Micron will trade higher from current levels.
Pops & Drops
POPS -- Pepsi Bottling Group (PBG) traded up 2%, hitting an all-time high. PDL BioPharma (PDLI) traded up 9%. Kohl's (KSS) popped 2% on news the firm is going to increase the number of stores by 67%. Ciena (CIEN) traded up 9% on a bullish gross margin forecast.
DROPS- Garmin (GRMN) fell 7%. Finerman sees Garmin's only solution is to buy NAVTEQ (NVT).
Face2Face
First viewer: Las Vegas Sands and Melco Entertainment (MPEL). Najarian responds that Wynn Resorts looks better then Las Vegas Sands.
CB Richard Ellis (CBG): which has fallen from $42 and is now trading at $28. Adami concedes that CB Richard is OK for a trade with a stop at $24.
Research In Motion (RIMM), NVIDIA (NVDA), EMC Corporation (EMC), Blue Nile (NILE) and Apple (AAPL) Macke believes it's a good idea to take some off the table in these momentum names.
Final Trade
Macke likes Johnson & Johnson (JNJ).
Finerman recommends Kohl's (KSS).
Adami is drawn to the action in Dean Foods (DF).
Najarian prefers PDL BioPharma (PDLI)

Labels: ATVI, BAC, BIDU, CNBC, ERTS, Fast Money, Fast Money Recap, FXI, GRMN, KBH, LVS, MU, SNDK, USB, WYNN, XOM

Stocks continued their march higher today, despite more weak housing data. The Nasdaq led the way gaining 11 points, while the Dow and S&P were also finished in the green. Oil traded strongly, rising $2.58 to $82.88 a barrel, while natural gas fell. Gold rose on the day.
On the economic front, the Commerce Department announced that GDP grew at a revised 3.8% annual rate for the quarter ended in June. It was the economy's strongest showing in a little over a year. The National Association for Business Economic is predicting growth of 2.4% for the current quarter ending September. Meanwhile, new home sales fell to the lowest level in seven years for the month of August, dropping -8.3%. The median sales price fell -7.5% to $225,700, the biggest drop in 37 years. Despite the housing woes, fewer workers filed for jobless benefits last week, with claims dropping by -15,000 to 298,000.
In earnings news, retailer Bed Bath & Beyond (Nasdaq: BBBY - News) posted net income of $147 million, or 55 cents a share, compared to $145.5 million, or 51 cents a share, a year earlier. Excluding a one-time tax benefit, EPS came in at 52 cents, in line with analyst estimates. Revenue rose 10% to $1.77 billion, while same-store sales climbed 2.2%. The stock fell -1.1%.
Like most homebuilders, KB Homes (NYSE: KBH - News) wasn't able to turn a profit when it announced earnings this morning, swinging to a loss of -$35.6 million, or -46 cents per share, compared to a profit of $153.2 million, or $1.90 per share, in the year-ago period. The sale of the company's French division helped the bottom line, as its loss from continuing operations came in at -$478.6 million, or -$6.19 per share. Revenue plummeted -32% to $1.54 billion from $2.28 billion a year ago, as unit deliveries dropped -28% and the average selling price fell -7%. The company had two large writedowns on the value of unsold inventory and joint-venture holdings.
Rite Aid (NYSE: RAD - News) shares tumbled -4.2% after the pharmacy reported a wider loss and cut revenue and earnings guidance. For Q2, Rite Aid recorded a loss attributable to common shareholders of -$78.2 million, or -10 cents per share, versus a loss of -$8.2 million, or -2 cents per share, last year. The quarter included a one-time financing commitment charge of $12.9 million. Revenue rose nearly 54% from $4.29 billion to $6.6 billion, but fell just short of the $6.8 billion consensus. The company also cut its full-year guidance to a loss of -$78 million to -$161 million on revenue of $24.5-$25.1 billion. Previously, the company had forecasted a loss of -$47 million to -$129 million on revenue of $25.3-$26 billion.
In other corporate news, Google (Nasdaq: GOOG - News) announced that it is looking to increase its staff by a third over the next several years. Before you get that resume ready, though, note that most of the news jobs will be for engineers located in Europe. If you're willing to relocate across the pond, note that British Airways (OTC: BAIRY - News) today ordered $8.2 billion in new aircraft from Boeing (NYSE: BA - News) and Airbus, making it the airline's largest purchase in more than a decade. The news was considered a mixed bag for Boeing, as previously it was the exclusive large passenger plane provider for British Airways. The planes are expected to be delivered between 2010 and 2014. Boeing shares rose 1.0%.
In M&A news, a group led by JC FLowers said that it would not go through with its $26 billion purchase of Sallie Mae (NYSE: SLM - News). The student lender said it would take legal action, as the group has no basis for breaking the merger agreement.
By the BullMarket.com Staff

Labels: BA, BAIRY, BBBY, Boeing Co., GOOG, Google Inc., KB Homes, KBH, RAD, Rite Aid Corp., Sallie Mae, SLM

KB Home (NYSE:KBH - News), one of America's largest homebuilders, today reported financial results for its third quarter ended August 31, 2007. Highlights include:
The Company completed the previously reported sale of its entire 49% equity interest in its French subsidiary, Kaufman & Broad SA. The sale generated total gross proceeds of $807.2 million and an after-tax gain of $438.1 million. The French operations are presented as discontinued operations in the Company's current financial statements and results from prior periods have been reclassified to conform to this presentation.
Revenues totaled $1.54 billion for the quarter ended August 31, 2007, down 32% from $2.28 billion for the third quarter of 2006 due to lower housing revenues. Third quarter housing revenues of $1.53 billion were 33% lower than the year-earlier period, reflecting a 28% decrease in unit deliveries to 5,699 from 7,893 and a 7% decrease in the average selling price to $267,700 from $288,000.
For the three months ended August 31, 2007, the Company reported a loss from continuing operations, net of an income tax benefit, of $478.6 million or $6.19 per diluted share due largely to pretax non-cash charges of $690.1 million related to inventory and joint venture impairments and the abandonment of land option contracts, and $107.9 million related to goodwill impairment. In the third quarter of 2006, the Company's continuing operations generated after-tax income of $129.3 million or $1.60 per diluted share. The French discontinued operations contributed third quarter after-tax income of $443.0 million or $5.73 per diluted share in 2007, including the gain realized on the sale of the operations, compared to $23.9 million or $.30 per diluted share in the third quarter of 2006. Overall, the Company posted a net loss in the 2007 third quarter (including the French discontinued operations) of $35.6 million or $.46 per diluted share, compared to net income of $153.2 million or $1.90 per diluted share in the year-earlier period.
As previously announced, the Company redeemed $650 million of debt during the third quarter, significantly strengthening its financial position. The redemption consisted of all $250 million of the Company's 9 1/2% Senior Subordinated Notes due in 2011 and an unsecured $400 million term loan scheduled to mature on April 11, 2011. The early extinguishment of the notes and loan resulted in a charge of $13.0 million in the third quarter. At August 31, 2007, the Company had $646 million in cash and a debt to total capital ratio of 45% (36% net of cash), a significant improvement from debt to total capital of 54% (53% net of cash) at August 31, 2006.
Backlog at August 31, 2007 totaled 11,880 units, representing potential future housing revenues of $3.07 billion. These levels were down 31% and 38%, respectively, from the 17,198 backlog units and $4.95 billion backlog value at August 31, 2006. The lower backlog unit and value levels in the current quarter reflected negative year-over-year net order comparisons for the past several quarters and lower average selling prices. Company-wide net orders for the third quarter of 2007 totaled 3,907, down 6% from 4,167 in the year-earlier quarter.

Labels: KB Home, KBH

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Bed Bath & Beyond (NasdaqGS:BBBY - News) beat earnings on Wednesday with $0.55 EPS over an expected $0.52 EPS. BBBY's PowerRating (for Traders) is 4.
InterVoice (NasdaqGS:INTV - News) missed earnings on Wednesday with $0.04 EPS versus an expected $0.07 EPS. INTV's PowerRating (for Traders) is 6.
Chattem (NasdaqGS:CHTT - News) is expected to announce earnings on Thursday before the market opens, with analysts looking for $0.74 EPS. CHTT's PowerRating (for Traders) is 5.
KB Home (NYSE:KBH - News) reports earnings on Thursday before the market opens; watch for -$0.71 EPS. KBH's PowerRating (for Traders) is 5.
Rite Aid (NYSE:RAD - News) is looking to report -$0.06 EPS on Thursday morning before the bell. RAD's PowerRating (for Traders) is 4.
Analysts are watching for Vail Resorts (NYSE:MTN - News) to report -$0.86 EPS tomorrow morning. MTN's PowerRating (for Traders) is 5.
Jabil Circuit (NYSE:JBL - News) announces earnings on Thursday afternoon, so watch for heightened price action and volatility ahead of the close. JBL's PowerRating (for Traders) is 6.

Labels: BBBY, CHTT, Hot Stocks, INTV, JBL, KBH, MTN, RAD

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
MasterCard Oct 160 Calls (NYSE:MA - News). MA's PowerRating (for Traders) is 6.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
Electronic Arts Oct 55 Puts (NasdaqGS:ERTS - News). ERTS's PowerRating (for Traders) is 5.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Amazon.com Nov 110 Calls (NasdaqGS:AMZN - News). AMZN's PowerRating (for Traders) is 1.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
Las Vegas Sands Nov 110 Puts (NYSE:LVS - News). LVS's PowerRating (for Traders) is 3.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Rediff.com (NasdaqGM:REDF - News). REDF's PowerRating (for Traders) is 2.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
KB Home (NYSE:KBH - News). KBH's PowerRating (for Traders) is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Pacific Ethanol (NYSE:PEIX - News). PEIX's PowerRating (for Traders) is 6.
Published By TradingMarkets.com

Labels: AMZN, ERTS, KBH, LVS, MA, Mastercard Inc., Pacific Ethanol, PEIX, REDF, stock options

Here are 7 options to watch for Today.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
iShares Russell 2000 Index Oct 84 Calls (AMEX:IWM - News). IWM's PowerRating (for Traders) is 5.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Network Appliance Oct 27.5 Puts (NasdaqGS:NTAP - News). NTAP's PowerRating (for Traders) is 4.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Google Oct 620 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 5.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Baidu.com Oct 220 Puts (NasdaqGS:BIDU - News). BIDU's PowerRating (for Traders) is 2.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Spectrum Brands (NYSE:SPC - News). SPC's PowerRating (for Traders) is 4.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Questar (NYSE:STR - News). STR's PowerRating (for Traders) is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
KB Home (NYSE:KBH - News). KBH's PowerRating (for Traders) is 4.
Published By TradingMarkets.com

Labels: BIDU, GOOG, IWM, KBH, NTAP, SPC, stock options, STR

Thornburg Mortgage (NYSE: TMA - News), Washington Mutual (NYSE: WM - News), Lehman Brothers (NYSE: LEH - News), KB Home (NYSE: KBH - News), Beazer Homes USA (NYSE: BZH - News), Procter & Gamble (NYSE: PG - News), Coca-Cola (NYSE: KO - News), and Colgate (NYSE: CL - News)
Cramer predicts around 7 million "teaser" mortgages are likely to be defaulted and recommends "staying defensive," by avoiding real estate and bank stocks such as TMA, WM, LEH, KBH and BZH and investing in soft goods such as PG, KO and CL. While the Fed thinks mortgage woes will pass, Cramer still believes the Fed should cut rates.
Schering-Plough (NYSE: SGP - News)
Cramer thinks SGP is an excellent stock for the current environment and notes sales are up 13% since last year. He adds the company is not leveged to mortgaes and he believes in Fred Hassan, who was one of Cramer's transformational CEOs. He would wait until buying SGP, and while the current economic climate is not good, "we have no control on what the Fed will do," Cramer said.
Vodafone (NYSE: VOD - News),Verizon Wireless (NYSE: VZ - News)
VOD is a good international play and the world's best wireless carrier. Cramer thinks VOD will raise more revenues than the competition, owns a "serious chunk" of VZ, is successful in emerging economies and has a strong dividend.
CEO Interview: Jack Cumming, Hologic (NasdaqGS: HOLX - News) with Cytyc (NasdaqGS: CYTC - News)
Jack Cumming talked about the upcoming merger with CYTC, which will mean $400 million to $50o million in EBITDA and nine top women's health products. Cumming added the company can afford the acquisition and there is no financial risk.
Published by SeekingAlpha

Labels: BZH, CL, CYTC, HOLX, Jim Cramer, KBH, KO, LEH, Mad Money, PG, SGP, TMA, VOD, VZ, WM

Safer than Houses: Intel (NasdaqGS: INTC - News), Texas Instruments (NYSE: TXN - News), Cisco Systems (NasdaqGS: CSCO - News), and Microsoft (NasdaqGS: MSFT - News), Advanced MicroDevices (NYSE: AMD - News)
Often people run from tech during a selloff, but Cramer notes tech is now the safe sector with significant upside potential, since these companies have enough cash to make huge buybacks. Cramer proclaims he is once again an "Intel-aholic" as he was in the 90s, because the stock is cheap, has loads of cash and an accelerating growth rate. Compared with AMD, Cramer says Intel is "the much stonger part of the duopoly" and has a lower price tag.
The Rant Heard Round the World
While some think Cramer's rant against the Fed last Friday was overdone, Cramer believes he was "the most responsible guy out there. He added, " The AAA-rated mortgage bonds are trading horribly or not at all. These are good pieces of paper, yet they've been marked down," Cramer said. He says has no idea why Ben Bernanke is still worried about inflation, and observed that the Europeans are concerned about the ripple effect of the US mortgage crisis. "My rant was the rant heard around the world," Cramer said, "The only one who hasn't heard it is Chairman Bernanke himself."
Mad Money Madness Index: MGIC (NYSE: MTG - News), MBIA (NYSE: MBI - News), KB Home (NYSE: KBH - News), Blackstone (NYSE: BX - News), Centex (NYSE: CTX - News), Beazer Homes (NYSE: BZH - News), Washington Mutual (NYSE: WM - News)
Cramer says those who have not sold the stock in his Mad Money Madness Index are being hoggish; "Greed is not good ... The market makes you pay for it."
CEO Interview: Dr. Eli Harari, Sandisk (NasdaqGS: SNDK - News)
Cramer thinks SNDK will rise next week if there is a day that is not "horrible," and he likes the company because flash memory is "hot," will replace disk drives and is the favorite of companies like Apple. He said Dr. Eli Harari's bullish remarks at a recent Flash Memory Summit reminds him of Cisco CEO John Chamber's fully justified optimism. Dr. Harari commented flash is everywhere, is contributing to market acceleration and is much cheaper than it used to be. "There's no question that flash memory today is the fastest-growing market within the semiconductor market," Dr. Harari said. "And I do not see it ending anytime soon."
Published by SeekingAlpha

Labels: AMD, BX, BZH, CSCO, CTX, H. SNDK, INTC, Jim Cramer, KBH, Mad Money, MBI, MSFT, MTG, TXN, WM

Cramer's Index: MGIC Investment (NYSE: MTG - News), Countrywide Financial (NYSE: CFC - News), Bear Stearns (NYSE: BSC - News), KB Home (NYSE: KBH - News), Centex (NYSE: CTX - News), MBIA (NYSE: MBI - News), Blackstone (NYSE: BX - News), Thornburg Mortgage (NYSE: TMA - News), Beazer Homes (NYSE: BZH - News), Washington Mutual (NYSE: WM - News), Goldman Sachs (NYSE: GS - News), Citigroup (NYSE: C - News)
While Cramer says he doesn't want to be a "buzz kill," he admits it is not possible to be really bullish as long as the housing crisis persists. Cramer formed his own "index" of the above-mentioned stocks, and said when the 12 companies stablilize and the Fed cuts interest rates, it will be time to let the bulls run once again. He made a personal appeal to Fed chairman Ben Bernanke; "Cut the rates. Take the pressure off. Many, many people could be about to lose their homes, because you're not listening..."
New Age Under Armour: Lululemon Athletica (LULU)
Cramer has discovered a new Under Armour, which like its predecessor, has experienced a massive initial bounce and is expected to keep growing. Yoga apparel company, LULU came public at $18 and jumped to $31 "in one of the worst tapes I've ever seen," said Cramer. However, he doesn't think this stock is a "one trick pony" but will keep going up as UA did, because LULU has been doubling stores year over year. Since the stock is speculative and has risen, Cramer recommends waiting at least 3 days or until the price drops before buying.
Beer is Near: Boston Beer (NYSE: SAM - News)
While in the current climate, investors are dubious of even some soft goods stocks, "People drink beer no matter what." Cramer likes SAM's 13% long-term growth rate and its smart move of acquiring a brewery from Diageo for $55 million rather than building a new one, which would have cost $200 million. Although he's a self-proclaimed "Bud man" Cramer gives SAM a triple buy, even near its 52-week high.
CFO Interview: Stephen Chazen, Occidental Petroleum (NYSE: OXY - News)
Chazen discussed production increases in Argentina and Peru; "California continues to be good for us." he added. Chazen dismissed worries about political risks, noting there are always political risks, and he remarked on the stability of OXY's chemical business. "All oil stocks are trading down in unison," Cramer said, and added now is the time to buy oil.
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Labels: BSC, BX, BZH, CFC, CTX, GS, Jim Cramer, KBH, LULU, Mad Money, MBI, MTG, OXY, SAM, TMA, WM

Home is Where the Debt Is: Centex (NYSE: CTX - News), Lennar (NYSE: LEN - News), Beazer (NYSE: BZH - News), KB Home (NYSE: KBH - News), Countrywide Financial (NYSE: CFC - News), Annaly Capital Management (NYSE: NLY - News)
It isn't just about sub-prime anymore; "All mortgages that were written between 2005 and 2007 I think are corrupted," said Cramer. He came to this conclusion after reading conference calls of CTX, LEN BZH and KBH. However, he zeroed in on two conference calls which are required reading: CFC's and NLY's. In CFC's "long and tedious" call is the implication there is no such thing as sub-prime because all mortgages are bad due to piggybacking equity loans and rising rates. CEO Angelo Mozilo said he doesn't predict a recovery until 2009. NLY's CEO, Michael Farrell, made "some incredible allusions to Moscow and Napoleon." While the situation is bad, Cramer says it is not as dire as it was in 1990 and 1991 when "almost every major money center bank was insolvent, and most of the big regionals either went under or were so impaired that they had to do shotgun marriages." After reading these calls, Cramer arrives at the grim conclusion that anyone involved with mortgages "could be wiped out in this
Published By SeekingAlpha

Labels: BZH, CFC, CTX, Jim Cramer, KBH, LEN, NLY, Wall Street Confidential

Bullish Calls:
ConocoPhillips (NYSE: COP - News): 'I would start with an oil. I recommended it last week. COP to go from $80 to $120 ... we buy that, particularly on any pullback.'Bolt Technology (AMEX: BTJ - News): 'This is a company that has a lot of machine parts that go into equipment that goes into oil rigs. This company has not kept pace ... I don't get it. Let me tell you something... I would buy it... 'LodgeNet Entertainment (NasdaqGM: LNET - News): 'This is a company that has a lot of machine parts that go into equipment that goes into oil rigs ... I don't get it. Let me tell you something... I would buy it... 'Millipore (NYSE: MIL - News): 'I like the filtration business ... It's a mini bull market, and MIL is in it.'Altria (NYSE: MO - News): 'This is one of the greatest, greatest value creators in history. They will split the company. I am telling you, in no uncertain terms, if it was not options expiration week, and the stock's being pinned at $70... this stock would be at $72-73, where it will be in the next few weeks. What I am saying is, pull the trigger... buy some MO.'Honeywell (NYSE: HON - News): 'HON is probably the most out-performed of any of the DOW stocks that I picked at the beginning of the year... I'm telling you to pull the trigger. Buy, buy, buy! Beautiful quarter! He ain't done.'
Bearish calls:
Knight Capital (NasdaqGS: NITE - News): 'I think NITE's a good outfit ... this brokerage industry - it is just not a place to go right now. I am giving it a 'don't buy, don't buy' to NITE. 'Toll Brothers (NYSE: TOL - News): 'The stock cannot be owned.'Lennar (NYSE: LEN - News)K.B Home (NYSE: KBH - News
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Labels: BTJ, COP, HON, Jim Cramer, KBH, LEN, Lightning Round, LNET, Mad Money, MIL, MO, NITE, TOL

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.

Bear Stearns Companies Aug 155 Calls (NYSE:BSC - News). BSC's PowerRating is 5.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Google Inc. Sep 550 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating is 5.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Baidu.com Aug 230 Calls (NasdaqGS:BIDU - News). BIDU's PowerRating is 7.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Goldman Sachs Aug 195 Puts (NYSE:GS - News). GS' PowerRating is 6.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Beazer Homes (NYSE:BZH - News). BZH's PowerRating is 7.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Lehman Brothers Holdings Inc. (NYSE:LEH - News). LEH's PowerRating is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
KB Home (NYSE:KBH - News). KBH's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: BIDU, BSC, BZH, GOOG, GS, KBH, LEH, stock options