Jim Cramer Blog

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Qualcomm (NasdaqGS:QCOM - News) missed earnings expectations on Wednesday, with $0.52 EPS versus expectations of $0.53 EPS. QCOM's PowerRating (for Traders) is 5.
AT&T (NYSE:T - News) reports earnings on Thursday morning before the market opens, with traders looking for $0.71 EPS. T's PowerRating (for Traders) is 6.
Analysts are watching for Ford (NYSE:F - News) to announce -$0.20 EPS on Thursday before the bell. F's PowerRating (for Traders) is 3.
Lennar (NYSE:LEN - News) is expected to report -$1.65 EPS on Thursday morning. LEN's PowerRating (for Traders) is 4.
Lockheed Martin (NYSE:LMT - News) is looking to announce $1.70 EPS when the homebuilder reports tomorrow morning. LMT's PowerRating (for Traders) is 5.
Watch for Northrop Grunman (NYSE:NOC - News) to report $1.31 EPS tomorrow morning before the bell. NOC's PowerRating (for Traders) is 5.
Sunpower (NasdaqGS:SPWR - News) is expected to report $0.37 EPS on Thursday morning. SPWR's PowerRating (for Traders) is 6.

Labels: Allegiant Travel Co., Hot Stocks, LEN, LMT, NOC, QCOM, Qualcomm Inc., SPWR

All three major indices closed lower on the day, as investors continue to show concern over the housing and financial sectors. The Dow lost -57 points on the day to close at 13,315. Meanwhile, the Nasdaq and S&P each closed down to end at 2,637 and 1,472, respectfully. Light, sweet crude edged higher to settle at $89.31 per barrel. Treasury and gold prices each posted gains, while the dollar slid against the euro and the yen.
On the economic front, the Institute for Supply Management reported that a reading of its manufacturing index for November showed a drop to 50.8. Analysts had forecasted a slightly larger dip to 50.5. Any reading above 50 represents economic growth.
In corporate news, shares of VeriFone (NYSE: PAY - News) tumbled -45.8% on the day after announcing that accounting errors had caused it to overstate pretax earnings for the first nine months of the year by nearly $30 million, or 80%. As a result, the company said it expects to reduce its pretax income by -$8.9 million in the first quarter, -$7.0 million in the second quarter, and -$13.8 million in the third quarter. VeriFone said it will delay releasing its fourth-quarter results until a thorough assessment has been completed. Subscribers can read our take on VeriFone in today's edition.
Elsewhere, one of the nation's largest homebuilders, Lennar (NYSE: LEN - News), announced today that it has sold 11,000 lots at -40% of their value, as part of a joint venture it has formed with Morgan Stanley's (NYSE: MS - News) real estate unit. The homebuilder said it will record a fourth-quarter loss of about -$3.09 per share as a result of the sale that saw it unload the properties valued at $1.3 billion for a total of $525 million. Shares of Lennar were up 5.7% in trading, while shares of Morgan Stanley were off -0.8% at the bell.
Shares of General Motors (NYSE: GM - News) dipped -4.1% in trading after the company reported that sales for the month of November fell -11% compared to last year. Analysts had been predicting a rise in November sales. Meanwhile, Ford Motors (NYSE: F - News) said November auto sales had increased by 0.4%. Analysts had predicted a drop in Ford sales. Ford was off -3.5% on the day.
In M&A news, French conglomerate Vivendi SA announced Sunday that it will acquire a majority stake in Activision (Nasdaq: ATVI - News) and combine it with Vivendi Games, making the combined company the world's largest video game maker by market cap. According to the terms of the deal, Vivendi is set to purchase 62.9 million new shares of Activision stock for $1.7 billion, and exchange Vivendi Games for 295.3 new shares valued at $8.1 billion. The per-share price for both segments of the transaction amounts to $27.50. Activision's stock soared 12.7% in trading.

Labels: ATVI, F, GM, LEN, Morgan Stanley, MS, PAY

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.
Apple Dec 200 Calls (NasdaqGS:AAPL - News). AAPL's PowerRating (for Traders) is 3.
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.
ConAgra Foods Jan 25 Puts (NYSE:CAG - News). CAG's PowerRating (for Traders) is 3.
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.
Plains All American Pipeline Jan 70 Calls (NYSE:PAA - News). PAA's PowerRating (for Traders) is 4.
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.
MBIA Feb 20 Puts (NYSE:MBI - News). MBI's PowerRating (for Traders) is 4.
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.
Virgin Media (NYSE:VMED - News). VMED'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.
Regency Energy Partners (NYSE:RGNC - News). RGNC'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.
Lennar (NYSE:LEN - News). LEN's PowerRating (for Traders) is 3.
Published By TradingMarkets.com

Labels: AAPL, CAG, LEN, MBI, PAA, RGNC, stock options, VMED

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.
Goldman Sachs Dec 280 Calls (NYSE:GS - News). GS' PowerRating (for Traders) is 7.
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.
China Petroleum & Chemical Jan 120 Puts (NYSE:SNP - News). SNP's PowerRating (for Traders) is 7.
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.
Google Nov 790 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 4.
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.
Fannie Mae Jan 40 Puts (NYSE:FNM - News). FNM's PowerRating (for Traders) is 5.
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.
Nastech Pharmaceutical (NasdaqGM:NSTK - News). NSTK's PowerRating (for Traders) is 6.
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.
Safeway (NYSE:SWY - News). SWY'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.
Lennar (NYSE:LEN - News). LEN's PowerRating (for Traders) is 5.
Published By TradingMarkets.com

Labels: FNM, GOOG, GS, LEN, NSTK, SNP, stock options, SWY

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.
Research in Motion Nov 145 Calls (NasdaqGS:RIMM - News). RIMM's PowerRating (for Traders) is 4.
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.
United Therapeutics Nov 95 Puts (NYSE:UTHR - News). UTHR's PowerRating (for Traders) is 2.
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.
Merrill Lynch Nov 60 Calls (NYSE:MER - News). MER's PowerRating (for Traders) is 6.
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.
Goldman Sachs Dec 200 Puts (NYSE:GS - News). GS's PowerRating (for Traders) 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.
Brocade Communications Systems (NasdaqGS:BRCD - News). BRCD's PowerRating (for Traders) is 5.
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.
H&R Block (NYSE:HRB - News). HRB'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.
Lennar (NYSE:LEN - News). LEN's PowerRating (for Traders) is 5.
Published By TradingMarkets.com

Labels: BRCD, GS, HRB, LEN, MER, RIMM, stock options, UTHR

Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.
Bullish
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Kendle International (NasdaqGS:KNDL - News). KNDL'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.
Horizon Lines (NYSE:HRZ - News). HRZ'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.
National Instruments (NasdaqGS:NATI - News) . NATI's PowerRating (for Traders) is 7.
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.
Immucor (NasdaqGS:BLUD - News). BLUD'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.
Countrywide Financial (NYSE:CFC - News) & Lennary (NYSE:LEN - News). CFC's PowerRating (for Traders) is 4, and LEN'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.
Abbot Laboratories (NYSE:ABT - News). ABT's PowerRating (for Traders) is 4.
Published By TradingMarkets.com

Labels: ABT, BLUD, CFC, Hot Stocks, HRZ, KNDL, LEN, NATI

The crew at Fast Money discussed how retail stocks may be affected by the whipsaws of trading. Najarian pointed at that while stocks were down early, technology names recovered. According to Macke, investors shot first and didn't bother to ask the questions in the retail sector. Finerman feels something else besides fundamentals were at work with regards to the overall market sell off and the selling seen in retail stocks.
Target (TGT), Lowe's (LOW) and Wal-Mart (WMT) traded lower off the poor consumer confidence numbers. Adami thinks Target is worth a trade here.
Christmas Season:
Margret Brennan, CNBC's chief correspondent, thinks consumer electronics and retail accessories like handbags and shoes will be strong again this Christmas. She is looking at Wal-Mart and agrees with Adami on Target for a play on strong consumer electronics demand. Macke recommends Coach (COH). Adami suggests Saks (SKS). Najarian continues to favor athletic apparel maker Under Armour (UA)
Word on the Street
Existing home sales were reported on Tuesday and hit a five-year low. Finerman has concerns that Lennar (LEN) may have write-downs in the future, and that short-term trade is in order at Centex (CTX). Adami: if KB Home (KBH) trades down to a 52-week low on 10 million shares, buy it for a short-term trade. The strike at General Motors (GM) hit its second day on Tuesday as investors grow nervous of a stalemate. Najarian doesn't want to see the strike go more then five days. Adami's idea for an auto trade look is to look for a pullback in BorgWarner (BWA).
Technology Sector
Apple (AAPL) and Google (GOOG) hit new records as technology stocks continued to shine. Najarian says gadget stocks like Garmin (GRMN) and Research In Motion (RIMM) continue to be strong as well.
Chemical and Consumer Sectors:
Najarian: Likes Crocs (CROX), Monsanto (MON) and Digital River (DRIV).
Carter Worth: chief market technician at Oppenheimer, joined the crew to discuss his take on technical analysis in the markets. Says there is strength in materials, energy and industrial stocks, but that strength is being offset by weakness in consumer discretionary and financial stocks.
BHP Billiton (BHP) vs. Wal-Mart (WMT). BHP is killing WMT in performance. The second chart was Schlumberger (SLB) vs. UBS (UBS) and the third was Arcelor Mittal (MT) vs. Toyota (TM). UBS and MT are the out performers in the above three comparisons and BHP has room to go higher.
Pops & Drops
Pops -- ValueClick (VCLK) traded up 13% and Focus Media (FMCN) traded up 19%.
NAVTEQ (NVT) traded up 11%.
Tesoro (TSO) popped 3%. Adami is bearish on the refineries.
USEC (USU) popped 6%.
Drops -- Vonage (VG) plunged 34%
Whirlpool (WHR) fell 5%
Freeport McMoRan (FCX) fell 2%
Face2Face
Intercontinental Exchange (ICE) has fallen considerably from its high of $174. Is this an opportunity to accumulate a larger position, or is ICE's stock price reflecting slower growth? Finerman responds by noting that the exchanges are in play for M&A and this could draw in more investor interest for names like ICE.
Macke was asked his opinion on Chipotle Mexican Grill's (CMG). Macke likes CMG for a trade.
Final Trade
Macke favors eBay (EBAY).
Finerman prefers Comverse Technology (CVMT).
Najarian tells investors to play the online ad space with Digital River (DRIV).
Adami likes USEC (USU)

Labels: AAPL, CNBC, COH, CTX, Fast Money, GOOG, GRMN, LEN, LOW, RIMM, SKS, TGT, UA, WMT

Stocks seesawed back and forth between positive and negative territory today, with the major market indices finishing the day mixed. The Dow and Nasdaq both closed higher, while the S&P was off fractionally. Gold slipped on the day, while oil fell to close under $80 a barrel at $79.53.
Economic news was plentiful on the day, with some continuing unsettling data on the housing market. The National Association of Home Builders reported that existing home sales fell -4.3% to 5.5 million units. Sales dropped -13% compared with a year earlier. The group noted that median home prices rose 0.2% to $224,500. Meanwhile, the S&P Case-Shiller home price index stated that home prices in 20 metro areas fell the most on record in July. Shifting gears a bit, The Conference Board announced that its index of consumer sentiment fell to 99.8 in September, which is the lowest level since November of 2005, and down from 105.6 in August.
In corporate news, several retail warnings weighed heavily on investors. The nation's second-largest discount retailer, Target (NYSE: TGT - News), cut its September same-store sales growth figures citing weaker traffic during the month, especially in Florida and the Northeast. The company cut same-store sales growth to 1.5-2.5%, down from its previous expectations of 4-6%. Shares slid -4.6%. Subscribers can read our take on Target in today's issue.
Meanwhile, shares of home improvement retailer Lowe's (NYSE: LOW - News) shares fell -6.7% after the company announced that it sees full-year earnings at the low end or slightly below its prior forecast. Lowe's cited lower-than-expected sales trends. The company had predicted earnings of $1.97-2.01 a share previously. The company did note that for 2008-2010 it expects earnings to increase 12-15%, while seeing sales rise 8-11% per year.
Also lowering guidance on the day was McCormick & Schmick's Seafood Restaurants (Nasdaq: MSSR - News). After previously forecasting earnings of 21-23 cent a share on revenue of $90-$91 million, McCormick & Schmick's now anticipates reporting a profit of 16 cents a share on revenue of $88 million. The company's CEO attributed the lowered outlook to weak demand from "aspirational guest[s]." Shares plunged -22.9%
The losses continue to mount for our nation's homebuilders, as Lennar (NYSE: LEN - News) posted a loss of -$514 million, or -$3.25 a share, for the quarter ended August 31st. The loss compared to a year-ago profit of $207 million, or $1.30 a share. Revenues fell -44% to $2.2 billion during the quarter, and the company took a -$848 million charge due to valuation reductions and write-offs. Home deliveries declined a drastic -41%, while new orders plunged -48%. The company announced that it is seeking further reductions in head count. Shares fell -4.0%.
By the BullMarket.com Staff

Labels: LEN, LOW, Lowe's Companies Inc., MSSR, Target, TGT

Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
Worthington (NYSE:WOR - News) beat earnings on Tuesday with $0.27 EPS over an expected $0.22 EPS. WOR's PowerRating (for Traders) is 5.
Red Hat (NYSE:RHT - News) matched earnings on Wednesday with $0.17 EPS. RHT's PowerRating (for Traders) is 5.
Investors are watching for Actuant (NYSE:ATU - News) to report $0.95 EPS on Wednesday morning before the bell. ATU's PowerRating (for Traders) is 6.
Bed Bath & Beyond (NasdaqGS:BBBY - News) reports earnings on Wednesday after the close, with analysts looking for $0.52 EPS. BBBY's PowerRating (for Traders) is 5.
InterVoice (NasdaqGS:INTV - News) and Paychex (NasdaqGS:PAYX - News) both report earnings after the close tomorrow, so look for heightened price action and volatility ahead of the close. INTV'sPowerRating (for Traders) is 5, and PAYX's PowerRating (for Traders) is 6.
Lennar (NYSE:LEN - News) fell over 4% on Tuesday after reporting its worst quarterly loss in the company's history before the bell. LEN's PowerRating (for Traders) is 5.

Labels: ATU, BBBY, Hot Stocks, INTV, LEN, PAYX, RHT, WOR

Tough times in the national housing market led to a record loss of more than $500 million for Lennar Corp. in the third quarter, with drops in sales prices and home deliveries compounded by heavy charges to write down land values.
One of the nation's largest home builders said Tuesday it had cut its work force by 35 percent this year and that it expects to pare more employees soon.
"These continue to be very difficult times for the homebuilding industry," Lennar Chief Executive Stuart Miller said in a conference call.
Losses for the third quarter ended Aug. 31 totaled $513.9 million, or $3.25 per share, compared with a profit of $206.7 million, or $1.30 per share, in the 2006 period. The results included a charge of $3.33 per share related to valuation adjustments and writing off land option deposits, among other items.
Revenue fell 44 percent to $2.34 billion from $4.18 billion a year ago, primarily due to a 41 percent drop in the number of home deliveries and a 6 percent decrease in the average sales price of homes delivered in 2007.
Analysts surveyed by Thomson Financial had expected Lennar to post a loss of 55 cents per share on revenue of $2.39 billion. Wall Street estimates typically exclude one-time charges and gains, and predictions for homebuilders have varied wildly recently.

Labels: LEN, Lennar Corp.

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Synnex (NYSE:SNX - News) matched earnings on Tuesday afternoon with $0.46 EPS. SNX's PowerRating (for Traders) is 6.
Microsoft (NasdaqGS:MSFT - News) gained over 2% on Monday on tomorrow's release of its flagship Xbox 360 game, Halo 3. MSFT's PowerRating (for Traders) is 5.
BHP Billiton (NYSE:BHP - News) rose over 5% on Monday, on expectations that the company will announce the discovery of the world's largest gold source in Australia. BHP's PowerRating (for Traders) is 3.
Lennar (NYSE:LEN - News) reports earnings on Tuesday morning before the market opens; watch for -$0.55 EPS. LEN's PowerRating (for Traders) is 5.
H.B. Fuller (NYSE:FUL - News) should announce $0.45 EPS on Tuesday morning before the bell. FUL's PowerRating (for Traders) is 5.
Red Hat (NYSE:RHT - News) is set to announce $0.17 EPS on Tuesday afternoon. RHT's PowerRating (for Traders) is 4.
When Worthington (NYSE:WOR - News) reports earnings on Tuesday afternoon, look for $0.22 EPS. WOR's PowerRating (for Traders) is 5.

Labels: BHP, FUL, Hot Stocks, LEN, MSFT, RHT, WOR

Here are 7 stock for traders for Monday from TradingMarkets.com:
Analogic (NasdaqGS:ALOG - News) reports earnings on Monday before the open, with traders looking for $0.52 EPS. ALOG's PowerRating (for Traders) is 5.
When Synnex (NYSE:SNX - News) announces quarterly earnings on Monday after the close, watch for $0.46 EPS. SNX's PowerRating (for Traders) is 5.
On Tuesday of next week, Lennar (NYSE:LEN - News) and H.B. Fuller (NYSE:FUL - News) both report earnings, so watch for heightened price action and volatility ahead of Monday's close. LEN's PowerRating (for Traders) is 4, and FUL's PowerRating (for Traders) is 4.
Tektronix (NYSE:TEK - News) fell around 7% on Friday after missing earnings estimates and adjusting Q2 earnings lower. TEK's PowerRating (for Traders) is 5.
Oracle (NasdaqGS:ORCL - News) rose over 4% on Friday after reporting a 25% increase in profits from last year. ORCL's PowerRating (for Traders) is 5.
Despite reporting a 50% increase in profits, Nike (NYSE:NKE - News) fell nearly 2% on Friday. NKE's PowerRating (for Traders) is 5.

Labels: ALOG, FUL, Hot Stocks, LEN, NKE, ORCL, SNX, TEK

Here are 7 options to watch for Tuesday.
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.
Lennar Nov 35 Calls (NYSE:LEN - News)
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.
Ciena Oct 35 Puts (NasdaqGS:CIEN - News)
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.
Lehman Brothers Sep 60 Calls (NYSE:LEH - News)
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.
CME Group Sep 500 Puts (NYSE:CME - News)
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.
PetroChina (NYSE:PTR - News)
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.
MoneyGram International (NYSE:MGI - News)
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.
Nucor (NYSE:NUE - News)
Published by TradingMarkets.com

Labels: CIEN, CME, Hot Stock Options, LEH, LEN, MGI, NUE, PTR

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

Doomsday Scenario: MDC Holdings (NYSE: MDC - News), DR Horton (NYSE: DHI - News), Pulte Homes (NYSE: PHM - News) and Toll Brothers (NYSE: TOL - News)
Cramer created a doomsday scenario which probably will not happen, since the bank crisis in 1990 was "ten times worse" than the problems of today. However, he would avoid any companies which deal with borrowing and lending money, particularly housing: DHI, PHM and TOL. The only housing stock that isn't hopeless now is MDC, but Cramer would still not buy. He would also avoid financials amid bearish fears that loans will not be repaid and yields will shrink; "You can't own anything that even walks by a mortgage," Cramer warned. He would not touch companies which need financing for deals. However, Cramer added; "the worst-case scenario will be derailed," and the doom and gloom will not really materialize
If Ben will Budge: Centex (NYSE: CTX - News), Lennar (NYSE: LEN - News), Bear Stearns (NYSE: BSC - News), Goldman Sachs (NYSE: GS - News), Citigroup (NYSE: C - News)
Cramer discussed two scenarios which could reverse doomsday: overseas buyers and an interest rate cut. He is confident that if the Federal Reserve reduces rates by only one percent, housing will make a comeback (especially DHI, PHM, CTX, LEN), financials GS and C will recover and the Dow will jump to 15.
Playing it Safe: Celgene (NasdaqGS: CELG - News), Kellogg (NYSE: K - News), Schlumberger (NYSE: SLB - News), Medco Health Solutions (NYSE: MHS - News), Kimberly-Clark (NYSE: KMB - News), Amazon.com (NasdaqGS: AMZN - News), Google (NasdaqGS: GOOG - News), Apple (Other OTC: APPL.PK - News) and Research in Motion (NasdaqGS: RIMM - News)
Even if the Fed doesn't budge rates, investors can still create a safe portfolio consisting of CELG, K, SLB, MHS and KMB. He also directed viewers to his six wild bull markets: oil and oil services, agriculture, machinery, aerospace, infrastructure and minerals, and his four horse men of tech: AMZN, GOOG, APPL and RIMM.
Mad Mail: Brookfield Asset Management (NYSE: BAM - News), Rite Aid (NYSE: RAD - News), ValueClick Inc. (VLCK)
Cramer urged a mailer not to sell BAM, because it is an international company, unaffected by subprime woes, and is similar to Warren Buffet's Berkshire Hathaway; "If you sold Warren Buffet because of a housing problem, forget it!" To a mailer concerned about RAD, Cramer said, "The integration is going very well. I'm holding your hand on RAD, and begging you not to sell it." Concerning VLCK's bad quarter, he commented, "I don't have my arms around it yet. To me, the stock looks like it's going to see $18, before you see a bottom."
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Labels: AAPL, AMZN, BAM, BSC, CELG, CTX, DHI, GOOG, GS, Jim Cramer, K, KMB, LEN, Mad Money, MDC, MHS, PHM, RIMM, SLB, TOL

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

Bullish Calls:

Macy's (NYSE: M - News): 'I am still banking with Terry Lundgren. I am not running away. I think the company, at $40 bucks, represents good value. 'Nike (NYSE: NKE - News): ' ... that looks like it's going to break through $60 next week.'Under Armour (NYSE: UA - News): 'I prefer Under Armour (to Crocs) here.'Coca-Cola (NYSE: KO - News): 'If I'm going to buy a soda company, I'm going to buy Coca-Cola.'Intel (NasdaqGS: INTC - News): 'The quarter's fine. You can't get excited about it. The stock will percolate higher.'Centex (NYSE: CTX - News): 'The only one that seemed to have stopped building homes before it got really crucial and horrible was Centex. If you insist on bottom-fishing in the group, I want you in CTX.'AT&T (NYSE: T - News): 'You do not sell T.'Verizon (NYSE: VZ - News)Foster Wheeler (NasdaqGS: FWLT - News): 'Buy FWLT on the way down. That's how I would play it.'Gildan Activewear (NYSE: GIL - News): ' ... has tremendous momentum. It remains one of my favorite stocks. I want to own it. I want to hold it. I say that, down to $32, is a real buy.'Nastech Pharmaceuticals (NasdaqGM: NSTK - News): ' ... had two patents today. One on obesity. This is our favorite spec of the year now in biotech. $12.96. If you pay more than $13, you're wrong. I think it's the most exciting stock out there.'
Bearish calls:
Jamba (NasdaqGM: JMBA - News): 'I know it's got great buzz. That's not enough for me anymore. Not after the Jones Soda come down... I'm not playing!'Crocs (NasdaqGS: CROX - News): 'I think the near-term move has been made and I prefer Under Armour here.'DR Horton (NYSE: DHI - News)Toll Brothers (NYSE: TOL - News)Lennar (NYSE: LEN - News)Alcan (NYSE: AL - News)

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Labels: AL, CROX, CTX, FWLT, GIL, INTC, Jim Cramer, JMBA, KO, LEN, Lightning Round, M, Mad Money, NKE, NSTK, TOL, UA, VZ