Jim Cramer Blog

Bullish Calls:
Oceaneering International (NYSE: OII - News): 'If I had my druthers going into hurricane season though, it's going to be Oceaneering.'FMC Technologies (NYSE: FTI - News): 'They are oil service oil companies that work for technical expertise to make sure that oil comes out. They are exactly what you need when you need to find hard-to-get oil.'Superior Offshore (NasdaqGM: DEEP - News): 'DEEP can't rally... I can't back away, because the fundamentals are good ... it's too cheap to sell.'Baidu.com (NasdaqGS: BIDU - News): 'This company is selling much more cheaply than Google ... I know that I'm being a little piggish, but I do like it on this little pullback.'Deere (NYSE: DE - News)Bunge (NYSE: BG - News): ' ... just hit a new high today.'Potash (NYSE: POT - News): ' ... closing in on a new high.'Mosaic (NYSE: MOS - News)Monsanto (NYSE: MON - News): 'I'd pull the trigger on MON.'Intel (NasdaqGS: INTC - News): 'INTC's a bank... they've got a lot of cash.'Graco (NYSE: GGG - News): 'This is a nuts and bolts American company that is doing very well ... I've got to stick with it. That management is just superior... It is just the kind of great American company that doesn't get talked about enough.'Public Service Enterprise (NYSE: PEG - News): 'Don't like them? Go buy them! PEG... This is one of the best utilities... these ar ramping.'Marathon Oil (NYSE: MRO - News): 'MRO - It's nuts that it keeps going down! They're doing the right thing with that Western purchase... I would buy that stock right here!'Schering-Plough (NYSE: SGP - News): 'You know I like SGP.'AECOM Technology Corporation (NYSE: ACM - News): 'its a big play off that horrible tragedy of the bridge collapsing ... remember, these stocks are not going to go up again tomorrow... So, if you have a very quick gain, c'mon... '
Bearish calls:
Starbucks (NasdaqGS: SBUX - News): 'I do like the fact that SBUX put through that price increase, but their same-store sales are anemic... They don't have great growth, but they have a great growth multiple ... I'm putting SBUX in the 'don't buy' camp. But, if it goes to $23-24, it will finally be cheap, and then we'll do some buying.'Northwest Airlines (NYSE: NWA - News): 'No, no! Too much bad stuff going on! Sell, sell, sell! Let's play it easy...'Teva Pharmaceutical (NasdaqGS: TEVA - News): 'No, let's go proprietary.'
Published By SeekingAlpha

Labels: ACM, BG, BIDU, DE, DEEP, FTI, GGG, INTC, Jim Cramer, Lightning Round, Mad Money, MON, MOS, MRO, OII, PEG, POT, SBUX, SGP, TEVA

Bullish calls:
Penwest Pharmaceuticals (NasdaqGM: PPCO - News): ' ... had no idea that stock had fallen all the way to $12. They have got some great technology ... that's a good spec there. Remember, it is just a speculation though ... they're losing big money and they don't have a lot of revenues either.'Gildan Activewear (NYSE: GIL - News): ' ... it is a momentum name ... But, understand. Even though it's cheap on a multiple basis, it's had a big run. Maybe you buy a little, and then you wait for a little pullback.'GOL Linhas Areas Inteligentes (NYSE: GOL - News): ' ... they stole Varig. It's a Brazilian airline. It's up $4 since we mentioned it at $28-29. That's not enough. The stock's going to $40. $33... pick up $7. That's what I like!'Chesapeake Energy (NYSE: CHK - News): 'Natural gas is back! ... Aubrey McClennan [CEO] is one of the best. I am saying that CHK goes higher!'Fannie Mae (NYSE: FNM - News): 'Now here is a stock I haven't talked about enough ... When the sub-prime loan market went kerplooey... FNM ... decided to buy $20 billion worth of liquidity ... FNM is not expensive, until it gets to $80 a share, and it's at $64.'Celgene (NasdaqGS: CELG - News): ' ... dramatically undervalued on the Revlamid news from the weekend,'Gilead Sciences (NasdaqGS: GILD - News)Fuel Tech (NasdaqGM: FTEK - News): ' ... I thought there was more than a 20% gain there, so I can't tell you to take some off, when I told you there was more to gain ... I'm not bailing. You shouldn't either.'Herbalife (NYSE: HLF - News): 'I became convinced that that company is not just a fly-by-night supplement company, but a company that really has a wellness principle.'Crocs (NasdaqGS: CROX - News) ' I think that CROX is a company that you can own until everyone has decided that every analyst and his brother has recommended.'Genesis Lease (NYSE: GLS - News): 'If you need to be in bundled aircraft, it's Genesis Leasing.'Boeing (NYSE: BA - News): 'If you've got to be in aerospace, it's Boeing.'Tesco (NasdaqGS: TESO - News): 'I have been working like a bow-wow to try to figure out when do we decide to get off the oil service game... and the answer is not yet. This group is still cheap!'Halliburton (NYSE: HAL - News)Input/Output (NYSE: IO - News): 'Seismic data. You know I like that very much. I think IO has been slighted by Mad Money.'Trinity Industries (NYSE: TRN - News): ' ... it's still so darn cheap, I don't think it can hurt you. ... We're under-railcarred in this country.'Marathon Oil (NYSE: MRO - News): 'MRO - even at $128 - is still cheap! Unbelievable! I'm pulling the trigger here for half the position, and then let it come in.'Haynes International (NasdaqGM: HAYN - News): 'I'm staying long it. We liked it 20 points below this.'Merit Medical Systems (NasdaqGS: MMSI - News): 'I'll buy that one too.'Cepheid (NasdaqGM: CPHD - News)Dynegy (NYSE: DYN - News): 'Oh man, down here at $9.50. C'mon let's pull the trigger. Bruce Williamson, CEO. Best in show.'
Bearish calls:
AirTran Holdings (NYSE: AAI - News): 'No can do. I'm only using one airline right now, particularly with oil going up...and that is GOL Linhas.'Mylan Laboratories (NYSE: MYL - News): 'No, can't go there... I think these generic guys have never made me a lot of money.'Usana Health Sciences (NasdaqGS: USNA - News): 'too high risk for me.'JetBlue Airways (NasdaqGS: JBLU - News): 'No! Sell, sell, sell! Another airline that's problematic.'
Published by SeekingAlpha

Labels: BA, CELG, CHK, CROX, FNM, FTEK, GIL, GILD, GLS, GOL, HAL, HLF, IO, Jim Cramer, Lightning Round, MRO, PPCO, TESO, TRN

Micron (NYSE: MU - News), Broadcom (NasdaqGS: BRCM), Marvell (NasdaqGS: MRVL): In spite of upgrades from JP Morgan and Deutsche Bank, Cramer would stay away from semiconductors and would not buy tech stocks until the second half of the year. He points to the fact that MU is down 3% and a 1.2% decline in the SOX index of chip stocks as evidence that investors should avoid the sector now. Although he might see the logic of buying Broadcom, given its fall, and Marvell, Cramer cautions that these are strictly long-term investments.
Chesapeake (NYSE: CHK - News), Marathon Oil (NYSE: MRO - News), Agco (NYSE: AG - News): Cramer says that CHK is "not my cup of tea" because management has "financed the heck out of it." He doesn't see CHK moving, but predicts that MRO is going up. Finally, on AG's rally, Cramer says that bullishness on ethanol can obscure AG's terrible fundamentals.
Published By SeekingAlpha

Labels: AG, CHK, Jim Cramer, Jim Cramer's Stop Trading, MRO, MRVL, MU

Cramer said glut talk from big memory chipmaker Micron (MU) points up the futility of trying to buy tech out of season. Cramer said it's unwise to buy tech stocks till the latter end of the year, because of the way Wall Street works. Thus he said he's not surprised to see Micron down 3% and the SOX index of chip stocks down 1.2% even in the wake of upgrades from JPMorgan and Deutsche Bank.
Cramer said he could "make a case" for buying Broadcom (BRCM), given how far the stock has fallen, and he owns Marvell (MRVL) for his charitable trust. But he said those plays are strictly long-term holdings, based on how poor results have been and the seemingly low risk that they can get any worse.
Cramer doesn't like gas driller Chesapeake (CHK), saying it's "not my cup of tea" because management has "financed the heck out of it." Cramer said while Chesapeake goes from $29 to $29 to $29, Marathon Oil (MRO) is moving ahead.
Cramer also said the rally in Agco (AG ) shows that the bull case on ethanol and agriculture can overcome even the most pathetic, quarter-missing fundamentals.
Published By TheStreet.com

Labels: AG, BRCM, CHK, Jim Cramer, Jim Cramer's Stop Trading, MRO, MRVL, MU

BP (NYSE: BP - News), Marathon Oil (NYSE: MRO - News), General Electric (NYSE: GE - News), Transocean (NYSE: RIG - News), Halliburton (NYSE: HAL - News), Devon (NYSE: DVN - News), ConocoPhillips (NYSE: COP - News), American Movil (NYSE: AMX - News) and AES (NYSE: AES - News)
Oil prices are going down, with BP reporting lackluster production and MRO negative, but since oil is in a freefall, "I like to buy a stock in freefall if you have some underpinnings," Cramer said. He notes that GE purchased an oil service outfit and sold off its plastics. Cramer sees GE's acquisition as an indication that people are selling off these companies, but he wouldn't cut and run, but has bought RIG for his chartiable trust, and commented that oil is good for an investment rather than a trade. He likes RIG in particular because it has contracts, and Devon because it may be bought by BP. Cramer says that Halliburton may fall from $28 to $24 or $23 where he would double up his position. He also suggested looking out for stocks like COP which are being thrown out because of general negativity. "People should understand that there can be value-creation when you have a multiple as low as a lot of the oil stocks are," Cramer said, but warned investors not to expect results overnight.
When Aaron Task commented on Venezuelan President, Hugo Chavez's plans to nationalize significant portions of the economy, a move that could affect BP and COP, Cramer replied that this is a long term concern, and the market is focusing on the present situation. However, Cramer admitted that South American Latin American stocks in general will be affected by this move, and suggested taking profits on companies such as AMX and AES at every opportunity.
Apple (NASDAQ: AAPL - News) and Google (NASDAQ: GOOG - News)
Cramer warned viewers about constant bearishness on Apple and Google, and said that there are those who are trying to knock the stocks down. He cautions that it is always a mistake to buy Apple up $1.50. When Task asked if expectations for Apple's iPhone are inflated, Cramer responded that the company's "execution is masterful" and he is never worried that expectations are too high for Apple: "Its upside comes from its own realization that its brands are great."

Labels: AAPL, AES, AMX, BP, COP, DVN, GE, GOOG, HAL, Jim Cramer, MRO, RIG, Wall Street Confidential

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.
Marathon Oil (NYSE:MRO - News). MRO'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.
Hecla Mining (NYSE:HL - News). HL'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.
Flamel Technologies (NASDAQ:FLML - News). FLML's PowerRating is 7.
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.
Exelon Corp (NYSE:EXC - News). EXC's PowerRating is 6.
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.
Progressive Corp (NYSE:PGR - News). PGR'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.
KeyCorp (NYSE:KEY - News). KEY's PowerRating is 5.
Trading Where the Action Is: This list contains the most volatile stocks over the past 50 trading days. These stocks are only for the most aggressive traders who are willing to assume a high degree of risk in order to capture larger gains.
Dolby Laboratories (NYSE:DLB - News). DLB's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: DLB, EXC, FLML, HL, KEY, MRO, PGR

It was a little scary at first: we had our nice puts to protect us, but by 9:45 we were already switching to Diamonds Trust Series 1 ETF (AMEX: DIA - News) $124 calls as the market began to turn.
We picked up a lot of bargains (we hope) on the morning dip and dumped a lot of oil positions as that sector took off on us. At 9:58 I said about the oil sector: "A 1.66% bounce is expected and meaningless," and the Oil Service HOLDRs ETF (AMEX: OIH - News) closed up 1.56%, Energy Select Sector SPDR ETF (AMEX: XLE - News) closed up 1.7% and the OGX closed up 1.39% so no worries there either!
We held almost every single one of our levels!
The Dow took a neat bounce right off 12,400
Transports missed by 2,580 by 1.41
The S&P went above and beyond at 1,425
The NYSE came out of it's coma and flew to 9,140
The Nasdaq also made a remarkable recovery ending at 2,430
No help from the SOX, who dropped all the way to 469 (still not good!)
The Russell actually did pull out of its power dive >right at 775!

All in all the day was quite a relief and we took a few more off the table and opened a few new positions:
Cramer is on about Adobe Systems Inc. (NASDAQ: ADBE - News) being unfairly sold off and he's absolutely correct! This is a great stock being given away for $41.45. I was hoping to see it test the 50 DMA at $40, but with Cramer on the case this might get away from us. I like the Apr $45s for $1.75 but I will sell the Feb $45s if they get close to giving me my money back!
We lost the rest of the American Express Company (NYSE: AXP - News) Jan $60s at $2.50 (up 127%).
ConocoPhillips (NYSE: COP - News) Jan $70s stopped out even at .80. We picked up the $75 calls for $1.25 to cover our remaining puts and they finished the day up a dime.
Chevron Corp. (NYSE: CVX - News) Jan $70 puts stopped out even at .30.
eBay Inc. (NASDAQ: EBAY - News) Jan $32.50s were added at $1.10 (I wasn't as quick as Soccer!).
I took the FedEx Corp. (NYSE: FDX - News) July $120s for $7 and sold the Jan $115s for $3.50 -- a last minute change of plan!
Corning Inc. (NYSE: GLW - News) seemed cheap with the May $20s at $1.60.
We played Google Inc. (NASDAQ: GOOG - News) $490s from $5.40 to $6.70 (up 24%) but lost .50 of that gain on the Jan $430 puts from $4 to $3.50.
Intel Corp. (NASDAQ: INTC - News) $20s were entered at $1.05.
Marathon Oil Corp. (NYSE: MRO - News) $90 puts were initiated at $1.20 but I expect to take a DD closer to .60!
I sort of doubled down on the NASDAQ 100 Trust Shares ETF (NASDAQ: QQQQ - News) $45s but I took the closer quarterlies for .10!
Toll Brothers Inc. (NYSE: TOL - News) Jan $32.50s were taken off the table at $1.65 (up 32%) ahead of earnings as it wasn't worth the risk.
Energy Select Sector SPDR ETF (AMEX: XLE - News) $59 puts were another victim of the oil pump at .90 (up 38%).
ExxonMobil Corp. (NYSE: XOM - News) $72.50 puts were taken out at .50 (up 25%) and the $75 puts were cut off at $1 (up 18%).
By Phil Davis

Labels: ADBE, AXP, COP, CVX, DIA, Ebay, FDX, GLW, GOOG, INTC, MRO, OIH, QQQQ, TOL, XLE, XOM