Jim Cramer Blog

Here are 7 trading ideas for today. These lists come directly from the TradingMarkets Stock Indicators page and are based upon our latest quantitative research.
Bullish
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
On Semiconductor (NasdaqGS:ONNN - News). ONNN'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.
ImClone Systems (NasdaqGS:IMCL - News). IMCL'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.
Medicines Company (NasdaqGS:MDCO - News). MDCO's PowerRating (for Traders) is 3.
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.
Sara Lee (NYSE:SLE - News). SLE's PowerRating (for Traders) is 4.
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.
Autozone (NYSE:AZO - News). AZO'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.
American International Group (NYSE:AIG - News). AIG'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.
Moody's (NYSE:MCO - News). MCO's PowerRating (for Traders) is 3.
Published By TradingMarkets.com

Labels: AIG, AZO, Hot Stocks, IMCL, MCO, MDCO, ONNN, SLE

Acuate Corp. (NASDAQ:ACTU - News) was downgraded to market perform from market outperform. The firm cited expectations for transitional issues as the company moves toward an open source model.
Cardica Inc. (NASDAQ:CRDC - News) said in a regulatory filing that it is initiating a voluntary recall of 55 units of its C-Port xA blood vessel connection system used in heart bypass operations after internal testing showed a manufacturing defect. The Redwood City, Calif., company said the recall will hurt the company's revenue for the quarters ended March 31, 2007, and Dec. 31, 2006, but did not specify by how much.
Centex Corp. (NYSE:CTX - News) said it expects to swing to a third-quarter loss from continuing operations of $2.00 per share, from a profit of $2.52 a share a year ago. The company said it will record land valuation adjustments of around $300 million due to the declining housing market. It has also decided not to exercise land option contracts on 37,000 lots, which will result in walk-away costs of around $150 million. Centex plans to increase its provision for taxes by around $60 million in connection with its ongoing federal tax audit. Excluding these costs, Centex expects adjusted earnings for the quarter of 75 cents a share. Analysts polled by Thomson First Call were expecting earnings of 81 cents a share. For the quarter, Centex said home closings fell 12% to 8,360 and net orders fell 24% to 6,139.
Cisco Systems Inc. (NASDAQ:CSCO - News) was downgraded to neutral from buy at Banc of America Sec., due primarily to valuation. Analyst Tim Long said he believes the networker's business is "as good as it gets," and therefore sees limited upside to the shares. In addition, Prudential Equity Group lowered its rating on the networking giant's stock to neutral weight.
Commerce Bancorp (NYSE:CBH - News) shares fell after the bank said it's been advised that an investigation is being conducted by the Office of the Comptroller of the Currency, in conjunction with the Board of Governors of the Federal Reserve System. "Commerce has further been advised that the scope of the investigation will include but not be limited to transactions with its officers, directors and related parties, including transactions involving bank premises," the company said. "Commerce is fully cooperating with the OCC and the Federal Reserve with respect to the investigation." The company also reported its fourth-quarter results, saying net income jumped 68% to $78.7 million, or 40 cents a share.
Edge Petroleum Corp. (NASDAQ:EPEX - News) said it plans to sell 9.2 million common shares. The deal includes an over-allotment option for the sale of an additional 1.38 million common shares. Houston-based Edge also plans to concurrently offer 2 million shares of Series A cumulative preferred stock. The company anticipates it will use the proceeds to finance its pending acquisition of certain properties from Smith Production Inc. and to refinance its existing revolving credit facility.
Freeport-McMoran Copper & Gold (NYSE:FCX - News) reported fourth-quarter earnings of $441.6 million, or $1.99 per share, down from a year-ago profit of $478.3 million, or $2.19 a share. Revenue rose in the latest three months to $1.64 billion from $1.49 billion in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of $2.12 a share on revenue of $1.72 billion. Looking ahead, Freeport-McMoran said it expects to close in merger agreement with Phelps Dodge in early March. It anticipates sales for the first quarter will be "the highest of the year" with about 400 million pounds of copper and 850,000 ounces of gold.
Goodrich Petroleum Corp. (NYSE:GDP - News) definitively agreed to sell substantially all its assets in south Louisiana for $100 million, effective as of July 1, 2006. The deal is subject to conditions including a due-diligence financial review by the buyer, which a news release identified as a private purchaser. The purchase price will be adjusted for cash flow to the closing date, which Goodrich estimated as Feb. 27, 2007. Goodrich said the deal enables it to focus on developing its Cotton Valley trend acreage and to reduce operating costs.
Headwaters Inc. (NYSE:HW - News) said it plans to sell $125 million worth of convertible senior subordinated notes due 2014 through a private placement. The deal includes an over-allotment option for the sale of an additional $25 million worth of notes.
Indymac (NYSE:NDE - News) said it expects fourth-quarter net income of 97 cents a share, lower than its earlier forecast of $1.30-$1.40 a share. Analysts surveyed by Thomson First Call forecast earnings of $1.34 a share, on average, for the period. "This shortfall reflects the challenging times being faced by the mortgage and housing industries and the difficult nature of forecasting earnings in our business," the Pasadena, Calif., financial services company said.
Intel (NASDAQ:INTC - News) shares were lower ahead of the Dow component's quarterly report, which is due after the closing bell. The current average estimate of analysts polled by Thomson First Call is for a profit of 25 cents a share on revenue of $9.44 billion.
KLA-Tencor (NASDAQ:KLAC - News) was downgraded to hold from buy at Deutsche Bank.
Lam Research (NASDAQ:LRCX - News) was downgraded to hold from buy at Deutsche Bank.
Lamson & Sessions (NYSE:LMS - News) took down its profit outlook due to a slump in the price of PVC pipe due at least in part to a weaker-than-expected residential construction. The company now sees earnings of $2.42 to $2.43 a share for 2006. "This segment's operating loss is due to an industry-wide inventory reduction in the fourth quarter following a mild hurricane season along with lower energy costs," the company said. That meant "an accelerated decline in selling prices that outpaced a decrease in raw material costs. In addition, the residential construction market was much weaker than expected." Previously, the company had been expecting to earn $2.50 to $2.53 a share for the year but, Lamson noted, even the lower number is still a record. On the top line, its still expects to bring in sales of $560 million to $561 million.
Marchex (NASDAQ:MCHX - News) was downgraded to market perform from market outperform at JMP Securities. The firm cited a deceleration of the company's direct navigation business.
Medicines Co. (NASDAQ:MDCO - News) plans to sell six million shares of its common stock. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock. Bear Stearns and Merrill Lynch are acting as joint book-running managers for the offering. The company was also downgraded to reduce at UBS.
Mesabi Trust (NYSE:MSB - News) declared a distribution of 31.5 cents per beneficial unit late Friday, payable on Feb. 20 to shareholders of record on Jan. 30. The company's distribution was 47 cents per unit for the same period a year earlier, a decline Mesabi attributed to significantly lower shipments of iron ore pellets in the calendar fourth quarter of 2006.
Novellus Systems (NASDAQ:NVLS - News) was downgraded to sell from hold at Deutsche Bank.
Sterling Construction Co. (NASDAQ:STRL - News) forecast earnings of $13.4 million to $15 million, or $1.13 to $1.26 per share, for fiscal 2007 on revenue of between $285 million and $310 million. The current average estimate of analysts polled by Thomson First Call is for a profit of $1.30 a share for the year on revenue of $300.9 million. Also, as of Dec. 31, the company's backlog stood at about $395 million, up 29% from year-ago levels. Shares of the Houston-based civil construction company closed Friday at $20, down 2.4%.
Symantec Corp. (NASDAQ:SYMC - News) said it was lowering its third-quarter earnings and revenue forecast, citing a weaker-than-anticipated performance by its data center management business and higher deferrals than expected as a result of a greater proportion of enterprise maintenance contracts. The Cupertino, Calif. security software company cut its earnings estimate to 10 to 11 cents a share from 14 to 15 cents a share and his revenue forecast to $1.29 billion to $1.31 billion from $1.315 billion from $1.149 billion. Excluding non-recurring items, the company lowered its earnings estimate to 24 to 25 cents a share from 29 to 30 cents, and its revenue projection to $1.30 billion to $1.32 billion from $1.325 billion to $1.355 billion. For the fiscal fourth-quarter, the company expects adjusted earnings of 18 to 20 cents a share, below the average analyst estimate compiled by Thomson First Call of 32 cents.

Published By MarketWatch

Labels: ACTU, CBH, CRDC, CSCO, CTX, EPEX, FCX, GDP, HW, INTC, KLAC, LMS, LRCX, MCHX, MDCO, MSB, NDE, NVLS, STRL, SYMC

Here are 7 stocks to watch for today. This list comes directly from the TradingMarkets Stocks Indicators page.
Stocks Ready to Surge: These are the stocks that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals.
CSX Corp (NYSE:CSX - News). CSX's PowerRating is 6.
Low-Priced Stocks Ready to Surge: These are the stocks under $10/share that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals. Please note: All stocks carry risk and low-priced stocks usually come with even more risk. Always use caution.
MRV Communications (NASDAQ:MRVC - News). MRVC's PowerRating is 6.
Pullbacks from Highs: Most successful momentum-based traders and money managers like to buy strong stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 30 (in weak or choppy markets there will be fewer) of the strongest stocks that have pulled back from recent highs. These stocks should be considered potential candidates to resume their longer-term up trends.
The Medicines Company (NASDAQ:MDCO - News). MDCO's PowerRating is 6.
Long Windows Candidates: These are stocks which are in a strong uptrend, as determined by a proprietary trend filter and whose current bar has its high below the 4-day moving average. Historically, these stock on average have had a larger than normal short-term upside reversals. In order to qualify as a "Trading Window" candidate, we must have a 10-period ADX reading of 30 or higher and a +DI reading above the -DI reading. Or we must have a 14-period +DI of 30 or higher (with no ADX reading required). "Single Windows" are the most common type of Windows. They are simply a single bar which has its high of the day below the 4-period moving average.
Allegheny Technologies (NYSE:ATI - News). ATI's PowerRating is 8.
Stocks Ready to Drop: These are the stocks that today made new 10-day highs that are still in an downtrend as they are trading below their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term downside reversals.
Ciena Corp (NASDAQ:CIEN - News). CIEN's PowerRating is 3.
Pullbacks from Lows: Most successful momentum-based traders and money managers like to sell weak stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 20 (in strong or choppy markets there will be fewer) weak stocks that have pulled back from recent lows. These stocks should be considered potential candidates to resume their longer-term downtrends.
Bebe Stores (NASDAQ:BEBE - News). BEBE's PowerRating is 2.
Short Windows Candidates: These are stocks which are in a strong downtrend, as determined by a proprietary trend filter and whose current bar has its low above the 4-day moving average. Historically, these stock on average have had a larger than normal short-term downside reversals. In order to qualify as a "Trading Window" candidate, the 10-period ADX must be 30 or higher and the -DI must be greater than the +DI. Or we must have a 14-period -DI reading of above 30 (with no ADX reading required). "Single Windows" are the most common type of Windows. They are simply a single bar which has its low of the day above the 4-period moving average.
Apple Computer (NASDAQ:AAPL - News). AAPL's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: AAPL, ATI, BEBE, CIEN, CSX, Hot Stocks, MDCO, MRVC