Jim Cramer Blog

Word on the Street

Bad news from Boeing (BA) and Honeywell (HON) helped the bears. DaimlerChrysler (DAI) was hit with bad news Wednesday as the United Auto Workers are striking. Macke doesn't think the strike will impact the auto supply stocks and favors Johnson Controls (JCI) and American Axle (AXL). Seymour recommends Magna (MGA).

Dennis Gartman

Gartman says the Fed isn't concerned about inflation and will continue to cut rates. He would be a buyer on weakness in gold and sell short the U.S. dollar. He would accomplish this via the streetTRACKS Gold Trust (GLD). Seymour is still concerned about inflation.

Stents

Wednesday night news broke that the FDA advisory panel is backing drug-coated stents made by Medtronic (MDT). CNBC's Mike Huckman recommends investors look at SurModics (SRDX), Abbott Labs (ABT), Novartis (NVS) and Wyeth (WYE). Lawsuit risk keeps Najarian from being a fan of the stent market. He would rather be in Myriad Genetics (MYGN). Medical device maker Zimmer (ZMH) saw huge options activity Wednesday.

Pops & Drops

Pops-Nokia (NOK) traded up 1%. Najarian

Akamai (AKAM) traded up 4% after being upgraded.

Google (GOOG) traded up 2%. Seymour claims the beat goes on with Google.

Drops- Alcoa (AA) fell 3% after earnings disappointed.

PetSmart (PETM) fell 4% after lowering profit forecasts.

Turkcell (TKC) dropped 5%.

I-Robot (IRBT) fell 8% after reporting a loss.

TempurPedic International (TPX) fell 7% after bearish analyst comments.

Final Trade

Jon Najarian: Google (GOOG) is going to trade to $700 before the end of the year.

Pete Najarian favors ValueClick (VCLK).

Seymour: ConocoPhillips (COP) for its European exposure.

Finerman: Tyco Electronics (TEL).

Macke: Merck (MRK).

Labels: BA, CNBC, DAI, Fast Money, Fast Money Recap, GLD, HON, JCI, MGA

Buy Magna (MGA), Jim Cramer said Tuesday on CNBC's Stop Trading! segment.
Cramer said investors in the auto supplier sector should be considering how exposed the various players are to Russia, which he said is a wealthy nation whose growth will be a driver of fortunes in this group.
Cramer also likes BorgWarner (BWA) and Tenneco (TEN), though he cautioned Tenneco is the most expensive in the group and has the worst balance sheet. Magna, by contrast, is the "best run" company and has been "a monstrous good stock."

Labels: BWA, Jim Cramer, MGA, Stop Trading, TEN

Here are 7 stocks for traders for Monday from TradingMarkets.com:
Schnitzer Steel (NasdaqGS:SCHN - News) reports earnings Monday before the bell, with analysts watching for $0.69 EPS. SCHN's PowerRating is 5.
Lawson Software (NasdaqGS:LWSN - News) reports Monday after the bell, so watch for heightened price action and volume ahead of the close. LWSN's PowerRating is 3.
Kirk Kerkorian offered DaimlerChrysler (NYSE:DCX - News) $4.5 billion for the company's U.S. auto division. It is rumored that Magna International (NYSE:MGA - News) and General Motors (NYSE:GM - News) are also eying the U.S. division of DCX. DCX's PowerRating is 5, MGA's PowerRating is 5, and GM's PowerRating is 5.
Nokia (NYSE:NOK - News) paid Qualcomm (NasdaqGS:QCOM - News) $20 million for the use of its 3rd generation patent licenses; despite striking a deal, the two companies are still at odds over other pending patent battles. NOK's PowerRating is 5, and QCOM's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: DCX, GM, Hot Stocks, LWSN, MGA, NOK, QCOM, SCHN

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
Gaps Down 5% or More: These are stocks that gap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that gap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Clean Harbors (NasdaqGS:CLHB - News). CLHB's PowerRating is 7.
Laps Down 5% or More: These are stocks that lap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that lap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Diamond Management & Tech (NasdaqGM:DTPI - News). DTPI's PowerRating is 9.
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.
Weyerhaeuser (NYSE:WY - News). WY's PowerRating 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.
American International Group (NYSE:AIG - News). AIG's PowerRating is 6.
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.
Empire Resorts (NasdaqGM:NYNY - News). NYNY'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.
Magna International (NYSE:MGA - News). MGA's PowerRating 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.
Genesis Microchip (NasdaqGM:GNSS - News). GNSS's PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net

Labels: AIG, CLHB, DTPI, GNSS, Hot Stocks, MGA, NYNY, WY

Frontier Oil Corp. (NYSE:FTO - News) said fourth-quarter earnings fell to $52.4 million, or 47 cents a share, from $63 million, or 55 cents a share, a year earlier. The Houston oil refiner said earnings fell primarily because the gasoline and diesel crack spreads following hurricanes Katrina and Rita in 2005 was not repeated in 2006. The results for the quarter ending Dec. 31 include an inventory loss of 22 cents a share. Analysts surveyed by Thomson Financial had been expecting earnings of 55 cents a share, on average. Revenue declined 5.5% to $1.09 billion from last year's $1.15 billion.
Guitar Center Inc. (NasdaqGS:GTRC - News) reported a fourth-quarter net loss of $1.36 a share, including a charge of $2.49 a share to write down goodwill associated with the music and arts division.
Halliburton Co. (NYSE:HAL - News) plans to dispose of its remaining interest in KBR Inc. (NYSE:KBR - News) through a split-off exchange offer to Halliburton shareholders..
Healthcare Realty Trust Inc. (NYSE:HR - News)intends to sell its senior-living-assets portfolio, expecting a total consideration of about $400 million and a net gain of about $57 million.
Health Care REIT Inc.'s (NYSE:HCN - News) fourth-quarter net income fell 34% as revenue increased 15% to $87.8 million.
Hewlett-Packard Co. (NYSE:HPQ - News) said it would acquire closely held PolyServe Inc. to expand the company's offerings of storage-software applications.
Hansen Natural Corp. (NasdaqCM:HANS - News) said that fourth-quarter gross sales rose 51% to $171.5 million, while net sales increased 54.2% to $151.1 million. Gross profit rose to $80.2 million, from $51.9 million a year ago. The sales increase reflected continued strong sales of energy drinks.
Harley-Davidson Inc. (NYSE:HOG - News) has taken down its targets for motorcycle shipments and earnings growth as the result of a recently ended three-week strike at its York, Pa., manufacturing plant, the company said Tuesday. While full production is expected to resume over the next week, the strike will eventually result in a loss of approximately one month's production. "A disruption of this magnitude has a significant impact on our business, as well as our suppliers, dealers, employees and our retail customers," said Tom Bergmann, Harley's chief financial officer, in a written release. The company expects to ship 64,000 to 66,000 units in the first quarter, down from a previous goal of 82,000 to 84,000 units, although it hopes to make up 4,000 to 5,000 during the remainder of the year. For the full year, Harley said it now expects "moderate" revenue growth, along with lower margins, and earnings per share growth in the range of 4% to 6%. But it forecast a return to 11% to 17% EPS growth in 2008 and 2009.
Hovnanian (NYSE:HOV - News) expects a first-quarter loss. It delivered 3,266 homes in the first quarter while net contracts declined 23% to 2,570.
Magna International (NYSE:MGA - News) said fourth-quarter net income fell 65% to $29 million, or 26 cents a share, from $83 million, or 75 cents a share, a year earlier. Excluding one-time items, the company would have earned 99 cents a share. The average forecast of analysts polled by Thomson Financial was for earnings of $1.17. The company said the difficult automotive environment, particularly in North America, is taking its toll. Sales rose 9% to 6.34 billion, helped by an increase in the company's European and rest of the world production sales. The company declared a quarterly dividend of 19 cents a share. For 2007, Magna expects consolidated sales of $22.9 billion to $24.2 billion. It sees spending for fixed assets in the range of $800 million to $850 million.
NetEase.com's (NasdaqGS:NTES - News) fourth-quarter profit grew 19% as the Beijing Internet company's revenue grew nearly 15% to $69.2 million.
Nordstrom Inc. (NYSE:JWN - News) fourth-quarter earnings climbed to 89 cents a share from 69 cents as sales rose 15% to $2.63 billion. Same-store sales increased 8.3%.
NYSE Group Inc. (NYSE:NYX - News) named Duncan Niederauer president and co-chief operating officer, effective April 9. Niederauer is currently managing director of Goldman Sachs Group Inc. (NYSE:GS - News).
Oneok Inc. (NYSE:OKE - News) reported fourth-quarter earnings of 66 cents a share, down from $2.30 a share in the year ago-period. The year-ago quarter included a gain of $1.57 a share from the sale of Texas gathering and processing assets
Oneok Partners L.P. (NYSE:OKS - News) fourth-quarter earnings were 82 cents per unit, up from 72 cents in the year-ago period. There were 82.9 million units outstanding during the latest quarter vs. 46.4 million units a year earlier.
Pinnacle Airlines Corp. (NasdaqGM:PNCL - News) said its fourth-quarter net income more than tripled to $36.8 million, or $1.67 a share, from $10 million, or 45 cents a share, in the year-earlier period. The 2006 fourth quarter included a benefit of $26.1 million, or $1.18 per share, associated with a settlement with Northwest Airlines Corp. . The Memphis, Tenn., regional airline said revenue in the three months ended Dec. 31 fell 4% to $204.5 million from $213 million. Three analysts polled by Thomson Financial forecast earnings, on average, of 57 cents a share.
Sanderson Farms Inc. (NasdaqGS:SAFM - News) narrowed its fiscal first quarter loss, but the poultry producer said Tuesday it remained firmly in the red on high feed costs and soft, though slowly rising, pricing. Sanderson said it lost $2.8 million, or 14 cents a share for the quarter, compared to a loss of $8.6 million, or 43 cents a share in the year-ago period. Revenue came in at $292.7 million, up from $236.2 million. The average estimate of analysts polled by Thomson Financial had been for the company to lose 11 cents a share on sales of $277 million. Looking out to the rest of the fiscal year, Sanderson said trends in chicken prices are currently "favorable" but it expects feed costs will continue to rise.
Shuffle Master Inc. (NasdaqGS:SHFL - News) shares tumbled after the company said it expects fiscal first-quarter net income and earnings per share to be "significantly lower" than the year-ago quarter. The Las Vegas-based gambling supply company said it's still in the process of finalizing its financial results, and forecast revenue of $35 million to $38 million.
Published By Marketwatch

Labels: FTO, GS, GTRC, HAL, HANS, HCN, HOG, HOV, HPQ, HR, JWN, KBR, MGA, NTES, NYX, OKE, OKS, PNCL, SAFM, SHFL