Jim Cramer Blog

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.
Morgan Stanley Jan 65 Calls (NYSE:MS - News). MS'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.
Wal-Mart Stores Dec 45 Puts (NYSE:WMT - News). WMT's PowerRating (for Traders) is 4.
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.
E*TRADE Financial Jan 5 Calls (NYSE:ETFC - News). ETFC'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 185 Puts (NYSE:GS - News). GS'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.
Nabors Industries (NYSE:NBR - News). NBR'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.
Nexen (NYSE:NXY - News). NXY's PowerRating (for Traders) is 6.
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.
Countrywide Financial (NYSE:CFC - News). CFC's PowerRating (for Traders) is 5.
Published By TradingMarkets.com

Labels: CFC, ETFC, GS, MS, NBR, NXY, stock options, WMT

Stay away from financial stocks like mortgage insurer MGIC (MTG), Jim Cramer said Thursday on CNBC's Stop Trading! segment.
Cramer said the sector is "dreadful" and that investors must resist the temptation to assume the worst is past in the housing sector. Cramer said that until we've seen $500 billion in mortgage defaults, it is simply too dangerous to try buying any of the financial names -- let alone an outfit like MGIC that just cut its dividend by 90%.
Cramer also said investors should avoid oil service company Nabors (NBR), which he likened to Baltic Ave. on the Monopoly board. Cramer said even Schlumberger (SLB), which was "Park Place" before last Friday's earnings miss, is a dubious investment right now.
Published By TheStreet.com

Labels: CNBC's Stop Trading, Jim Cramer, MTG, NBR, SLB, Stop Trading

Shares of land-based oil and gas driller Nabors Industries Inc. (NYSE:NBR - News) should appeal to value investors as the company trades at just eight times estimated 2007 profits, said a report in the August 20 edition of Barron's.
The Hamilton, Bermuda-based company trades at one of the lowest price-to-earnings ratios among non-financial companies in the Standard & Poor's 500 index, as Wall Street fears an oversupply of land-drilling rigs and weakness in the natural-gas market -- which drives much of Nabors' large North American operations.
Robert Marcin, the head of Defiance Asset Management, said Nabors does not need to hit the current 2008 consensus estimate of $4 a share for investors to do well.
"If Nabors makes $4, it's a home-run stock. It could trade in the 50s. Even with $3 a share in earnings, Nabors could be a $40-to-$45 stock," Marcin said, according to the report.
Source: Barron's

Labels: Nabors Industries Ltd., NBR

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.

iShares MSCI Emerging Markets Index Aug 155 Calls (AMEX:EEM - News). EEM's PowerRating is 4.
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. Sept 500 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating 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.
Mastercard Inc. Aug 190 Calls (NYSE:MA - News). MA's PowerRating 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.
Amazon.com Inc. Aug 67.5 Puts (NasdaqGS:AMZN - News). AMZN's PowerRating 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.
Nabors Industries Ltd. (NYSE:NBR - News). NBR's PowerRating 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.
None today
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.
Sears Holdings (NasdaqGS:SHLD - News). SHLD's PowerRating is 5.
Financial Select Sector SPDR (AMEX:XLF - News). XLF's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: AMZN, EEM, GOOG, MA, NBR, SHLD, stock options, XLF

Microsoft (NasdaqGS: MSFT), aQuantive (NasdaqGS: AQNT), Yahoo (NasdaqGS: YHOO): Cramer calls MSFT's bid to buy AQNT at $6 billion a "game changer," and he doesn't see any reason why it wouldn't also buy YHOO for $50 billion. The bid may usher in the beginning of a "land grab against Google." While Cramer wouldn't buy a down company solely because of a potential takeover, he notes YHOO has great traffic and thinks the stock could reach $34 immediately if CEO Terry Semel takes a "permanent vacation."
Verizon (NYSE: VZ), Dicks Sporting Goods, (NYSE: DKS), UnderArmour (NYSE: UA): Cramer wished a good weekend to the Citigroup analyst who upgraded VZ, but added he is "late," and the good news at the company is not new. Cramer predicts DKS' conference call will indicate a comeback for UA which is "done going down."
Baker Hughes (NYSE: BHI), Canetic Resources Trust (NYSE: CNE), Nabors (NYSE: NBR - News), Halliburton (NYSE: HAL), Grant Pridecos (NYSE: GRP), Grey Wolf (AMEX: GW): On BHI's report of rising rig counts, Cramer sees a growth in natural gas drilling which had been "written off," and he would take a look at CNE, NBR, HAL, GRP and even GW.

Labels: AQNT, BHI, CNE, DKS, GRP, GW, HAL, Jim Cramer, Jim Cramer's Stop Trading, MSFT, NBR, UA, VZ, YHOO

Good As Golden Star Resources (AMEX: GSS - News)
Cramer likes GSS as a way to play the CNBC Million Dollar Portfolio Challenge. The company operates in South America and Africa, and is therefore highly speculative, but has a large mine in Ghana, "an island of stability." The bears are worried about a sulfide-processing plant GSS is building in Ghana, but Cramer thinks investors should use this anxiety as an opportunity to buy. He predicts the announcement of a new plant, which will double production and lower costs, will be sooner than expected. With this news, analysts will raise their numbers and the stock will go higher. Cramer also believes GSS may be taken over, and he likes the sector, since gold is moving up. Cramer would not swap out of best-of-breed Yamana to buy GSS, but likes the price at $4.46, and urges investors to use limit orders when buying.
Laser King: Ionatron (NasdaqGM: IOTN), Palomar Medical Technologies (NasdaqGS: PMTI), Syneron Medical (NasdaqGS: ELOS), Cynosure (NasdaqGM: CYNO)
Cramer noted that last Friday's laser pick, IOTN has risen 17% since his recommendation, and he decided to choose a new "laser king." Cramer has liked PMTI in the past and declared ELOS the "czar of lasers" when he was discussing cosmetic laser procedures. Now CYNO wears the laser king crown, since it has doubled while ELOS hasn't moved. In addition, CYNO has 30% growth and is levered to the rest of the world. Cramer added he prefers "a performer that's pricey" to "an underperformer that's cheap." PMTI is Cramer's second-best pick, but is more costly than CYNO, and he likes ELOS, but doesn't see it going up in the near future.
Game Plan for the Coming Week: Fluor (NYSE: FLR - News), McDermott International (NYSE: MDR - News), Foster Wheeler (NasdaqGS: FWLT), CVS/Caremark (NYSE: CVS - News), Dynegy (NYSE: DYN - News), Nabors (NYSE: NBR - News), Halliburton (NYSE: HAL - News), Parker Drilling (NYSE: PKD - News), Forest Oil (NYSE: FST - News), L-1 Identity Solutions (NYSE: ID - News), Precision Castparts (NYSE: PCP - News), Six Flags (NYSE: SIX - News), Syntax-Brillan (NasdaqGM: BRLC)
Cramer suggesting looking at infrastructure, especially MDR, FLR, and FWLT which are "terrific" companies and which should benefit from high oil prices. He would establish half a position before their reports and half after, and would buy the stocks on any weakness. On Monday, he would also buy FST. Cramer praises CVS as having "valued itself even further into the health care heaven" with its cheap Caremark purchase, and would buy ahead of its Tuesday report, adding he also likes DYN. PKD, which also reports on Tuesday, may be bought by NBR or HAL which discussed expansion during their conference calls, Cramer commented. His Wednesday picks include ID, PCP and SIX. Since the LCD TV sector is improving, Cramer likes BRLC which reports on Thursday after the markets close.
CEO Interview: Nolan Archibald, Black and Decker (NYSE: BDK - News)
Nolan Archibald says BDK's report was strong because of the company's "great brands and innovative products" which thrive in down times. BDK is featuring new Dewalt brand products including concrete breakers, hammers and generators. Archibald added the company is going to continue buying back shares. Cramer commented BDK is "the real deal" and sees it rising from $92.36 to $100.
Published By SeekingAlpha

Labels: BDK, CVS, DYN, ELOS, FLR, FST, GSS, HAL, ID, Jim Cramer, Mad Money, MDR, NBR, PCP, PKD, PMTI, SIX

Adopting a Monster: Gannett (NYSE: GCI - News), Monster Worldwide (NasdaqGS: MNST)
Cramer thinks Gannett should buy MNST as a way to stay relevant since its business isn't "viable long-term anymore." He adds that MNST would be a nice accompaniment to GCI's acquisition, CareerBuilder.com, and the company should hurry to make an offer before Google makes the first move. In either case, the online job listing source is an attractive takeover target and Cramer is bullish on MNST which has has recently had a shortfall, is cheap, and has a new CEO, Sal Iannuzzi, who Cramer thinks is ready "to make a deal." Monster's inclusion in Goldman Sach's list of likely private equity plays is yet another reason to buy.
On the Sunny Side of The Street: First Solar (NasdaqGM: FSLR), MEMC Electronic Materials (NYSE: WFR - News)
Continuing his "Green Day" series, Cramer takes a look at solar energy stocks, and comments he is still 100% behind FSLR, which he recommended in early March and is "the most economically efficient solar company." He also likes WFR which has a "stronghold on silicon wafers, the key components to most solar panels" and is up 247% since October. Since both stocks have increased substantially, he would look for a drop before buying.
DEEP Thoughts: New IPO Superior Offshore International, with stocks Nabors (NYSE: NBR - News), Halliburton (NYSE: HAL - News)
Cramer would take a look at new IPO Superior Offhsore International which is due to go public Friday and will trade under the symbol DEEP. He notes the company has solid earnings and fundamentals and is reasonably priced between $14 to $16. This subsea construction company has competitors, HAL and NBR, but their success has proven that business is good. While DEEP is located mainly in the Gulf of Mexico, it is expanding beyond the region, repairs and maintains current drilling and has years of repair work on the agenda from Hurricane Katrina. Cramer would do homework before buying this "great company" with "real profits" and would make a move no later than Thursday morning.
CEO Interview: Saks (NYSE: SKS - News) CEO Stephen Sadove with stocks Coach (NYSE: COH - News) and Ralph Lauren (NYSE: RL - News)
When asked about the company's turnaround, Stephen Sadove replied that while it is still "early in the game," Saks has benefited from a "great team, clear strategies and clear focus on execution." The company was also successful in encouraging people to own equity and making stores more customer-friendly. Sadove also discussed Saks' new CFO Kevin Willis, calling him "a great asset to the team." Cramer said he is bullish on SKS as well as COH and RL, all of which are buying opportunities because the stocks have "flat-lined."
Published by SeekingAlpha

Labels: COH, FSLR, GCI, HAL, Hot Stocks, Jim Cramer, Mad Money, MNST, NBR, RL, SKS, WFR

Actions Semiconductor Co. (NasdaqGM:ACTS - News) said fourth-quarter net income rose, with unit shipments at an all-time high, to $21.3 million, or 25 cents per American Depositary Share, from $19.9 million, or 24 cents per ADS, during the same period in the prior year.
Atmos Energy Corp. (NYSE:ATO - News) reported first-quarter net earnings of $81.3 million, or 97 cents a share, compared with $71 million, or 88 cents a share, in the same period last year, as the cost of purchased gas dropped.
Atwood Oceanics Inc. (NYSE:ATW - News) reported first-quarter net earnings of $21.1 million, or 67 cents a share, up from $14.5 million, or 47 cents a share, during the year-ago period. The Houston-based drilling contractor posted revenue of $88.8 million vs. $55.4 million.
Blackboard Inc. (NasdaqGS:BBBB - News) reported fourth-quarter net earnings of $201,000, or a penny a share, down from $23.1 million, or 79 cents a share, during the year-ago period.
Brightpoint Inc. (NasdaqGS:CELL - News) said fourth-quarter net income rose, as wireless devices handled gained, to $9.74 million, or 19 cents a share, from $8.85 million, or 18 cents a share, during the same period in the prior year.
CB Richard Ellis Group Inc. (NYSE:CBG - News) said fourth-quarter net income rose, buoyed by "strong" leasing activity, to $125.1 million, or 53 cents a share, from $95.4 million, or 41 cents a share, during the same period in the prior year.
Cheesecake Factory (NasdaqGS:CAKE - News) said its fourth-quarter income was off from the prior year's levels, but the casual dining restaurateur's sales climbed 18%, thanks to increased traffic at its Grand Lux outlets.
Computer Sciences Corp. (NYSE:CSC - News) said that net income for its fiscal third-quarter fell 78%, and the company is delaying filing a full earnings report with regulators until it has completed an ongoing internal review of stock options grant practices.
CPI International Inc. (NasdaqGM:CPII - News) reported first-quarter net earnings of $5.84 million, or 33 cents a share, up from $2.22 million, or 15 cents a share, during the year-ago period.
Equity Residential Properties Trust (NYSE:EQR - News) reported fourth-quarter net earnings of $465.1 million vs. $225.9 million during the year-ago period. Net income available to common shareholders was $457.6 million, or $1.54 a share, compared with $215.2 million, or 74 cents a share, a year ago.
FEI Co. (NasdaqGM:FEIC - News) said it swung to net income in the fourth-quarter, as bookings remained solid and operating expenses declined, of $14.7 million, or 36 cents a share. During the same period in the prior year, the net loss was $30.7 million, or 92 cents a share.

Fidelity National Information Services Inc. said fourth-quarter net income rose, as revenue gained, to $75.1 million, or 39 cents a share, from $45.5 million, or 35 cents a share, during the same period in the prior year.
FMC Corp. (NYSE:FMC - News) said fourth-quarter net income fell, as restructuring charges rose, to $12.9 million, or 33 cents a share, from $25.3 million, or 64 cents a share, during the same period in the prior year.
Kforce Inc. (NasdaqGS:KFRC - News) said fourth-quarter net income rose, as revenue per billing day gained, to $9.26 million, or 22 cents a share, from $6.86 million, or 17 cents a share, during the same period in the prior year.
Nabors Industries Ltd. (NYSE:NBR - News) posted a big jump in its fourth-quarter earnings as lofty energy prices and strong international demand put a premium on the company's drill rigs and oilfield services.
Nalco Holding Co. (NYSE:NLC - News) reported fourth-quarter net earnings of $37.9 million, or 26 cents a share, up 50% from $25.2 million, or 17 cents a share, during the year-ago period. Adjusted earnings before interest, taxes, depreciation and amortization were $193 million vs. $163 million a year ago.
Pioneer Natural Resources Co. (NYSE:PXD - News) reported fourth-quarter net earnings of $27.7 million, or 22 cents a share, compared with $140.8 million, or $1.08 a share, in the same period last year, as oil and gas revenue dropped.
Polo Ralph Lauren Corp. (NYSE:RL - News) said it has named John Alchin, Comcast Corp.'s (NYSE:CCT - News) co-chief financial officer, to its board.
RenaissanceRe Holdings (NYSE:RNR - News) reported a huge quarterly profit, but the reinsurer cut its 2007 premium forecast citing softening prices and the impact of a new Florida insurance law.

Labels: ACTS, ATO, ATW, BBBB, CAKE, CBG, CCT, CELL, CPII, CSC, EQR, FEIC, FMC, KFRC, NBR, NLC, PXD, RL, RNR

Chevron (NYSE: CVX - News):Cramer is bullish on oil and disagrees with Deutsche Bank's downgrade of CVX, because the steep decline of this oil company, which used to be the premier operator, leaves plenty of room for an upside, and Cramer adds that he likes CVX's dividend. In addition, at 9 times earnings the stock is too cheap to sell, and he comments that CVX has a lot of untapped reserves from its acquisitions.
Nabors (NYSE: NBR - News) and Halliburton (NYSE: HAL - News): Cramer calls NBR a "rumored stock" and recalls that its CEO, Gene Eisenberg, came on his show and expressed his frustration with his company's low valuation. Cramer says that NBR is too linked with natural gas, and he doesn't see how NBR will get out of its slump, but sees more potential in HAL because it has better assets, and he predicts the stock will someday be "up big." Cramer commented that the fact that NBR is up after preannouncing a downside is a "little ridiculous."
Published by SeekingAlpha

Labels: CVX, HAL, Hot Stocks, Jim Cramer, NBR

Chevron (NYSE: CVX - News):Cramer is bullish on oil and disagrees with Deutsche Bank's downgrade of CVX, because the steep decline of this oil company, which used to be the premier operator, leaves plenty of room for an upside, and Cramer adds that he likes CVX's dividend. In addition, at 9 times earnings the stock is too cheap to sell, and he comments that CVX has a lot of untapped reserves from its acquisitions.
Nabors (NYSE: NBR - News) and Halliburton (NYSE: HAL - News): Cramer calls NBR a "rumored stock" and recalls that its CEO, Gene Eisenberg, came on his show and expressed his frustration with his company's low valuation. Cramer says that NBR is too linked with natural gas, and he doesn't see how NBR will get out of its slump, but sees more potential in HAL because it has better assets, and he predicts the stock will someday be "up big." Cramer commented that the fact that NBR is up after preannouncing a downside is a "little ridiculous."
Published by SeekingAlpha

Labels: CVX, HAL, Jim Cramer, NBR

Most Under Priced 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.
Google Jan 510 Calls (NASDAQ:GOOG - News). GOOG's PowerRating is 5.

Most Under Priced 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.
Union Pacific Jan 90 Puts (NYSE:UNP - News). UNP's PowerRating is 6.
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.
The Cooper Companies Jan 50 Calls (NYSE:COO - News). COO's PowerRating is 4.
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 Mar 110 Calls (NASDAQ:BIDU - News). BIDU's PowerRating is .

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.
Tyco International (NYSE:TYC - News). TYC's PowerRating 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.
MGIC Investment (NYSE:MTG - News). MTG'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.
Nabors Industries (NYSE:NBR - News). NBR's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: BIDU, COO, GOOG, MTG, NBR, stock options, TYC, UNP

Watch the Profits: Nabors (NYSE: NBR - News), Limited Brands (NYSE: LTD - News), Motorola (NYSE: MOT - News), Circuit City (NYSE: CC - News), TJX (NYSE: TJX - News), Ross Stores (NASDAQ: ROST - News), Nokia (NYSE: NOK - News), Texas Instruments (NYSE: TXN - News)
Concerning the stronger-than-expected employment figure, Cramer told host Aaron Task that he likes a situation when half of the analysts think that the Fed should raise rates and the other half want the Fed to lower rates, since an environment is created in which profts cause less disappointment. He added that recently the market is "killing" companies with less than spectacular results, and Task noted that this trend has been noticeable with Nabors, Limited Brands and Motorola. Cramer mentioned that he wanted to recommend LTD because of its jump to $32 after the Victoria's Secret fashion show, but then it fell to $29, and Cramer said that he now prefers TJX and ROST. Task discussed BBY's better-than-expected sales and Cramer said he would double up on the retailer even though it has gone up. "Best Buy has a history of doing two things: disappointing or telling people it's going to disappoint in November and then giving an upside surprise in January," he said. "The fact that anyone is not wise to this is irritating," said Cramer, who urged viewers to buy the stock "hand over fist." Although Circuit City has been moving up with BBY, Cramer says it doesn't have the inventory controls, the good merchandising or a sales staff which pushes the more expensive products. He commented that he doesn't like the cell phone business, especially Nokia, and with Motorola struggling, he would avoid buying component players such as Texas Instruments, although he wouldn't necessarily sell it. Finally, Cramer recommended taking a "hard look" and Apple and picking it up.
Published by SeekingAlpha

Labels: CC, LTD, MOT, NBR, NOK, ROST, TJX, TXN

Watch the Profits: Nabors (NYSE: NBR - News), Limited Brands (NYSE: LTD - News), Motorola (NYSE: MOT - News), Circuit City (NYSE: CC - News), TJX (NYSE: TJX - News), Ross Stores (NASDAQ: ROST - News), Nokia (NYSE: NOK - News), Texas Instruments (NYSE: TXN - News)
Concerning the stronger-than-expected employment figure, Cramer told host Aaron Task that he likes a situation when half of the analysts think that the Fed should raise rates and the other half want the Fed to lower rates, since an environment is created in which profts cause less disappointment. He added that recently the market is "killing" companies with less than spectacular results, and Task noted that this trend has been noticeable with Nabors, Limited Brands and Motorola. Cramer mentioned that he wanted to recommend LTD because of its jump to $32 after the Victoria's Secret fashion show, but then it fell to $29, and Cramer said that he now prefers TJX and ROST. Task discussed BBY's better-than-expected sales and Cramer said he would double up on the retailer even though it has gone up. "Best Buy has a history of doing two things: disappointing or telling people it's going to disappoint in November and then giving an upside surprise in January," he said. "The fact that anyone is not wise to this is irritating," said Cramer, who urged viewers to buy the stock "hand over fist." Although Circuit City has been moving up with BBY, Cramer says it doesn't have the inventory controls, the good merchandising or a sales staff which pushes the more expensive products. He commented that he doesn't like the cell phone business, especially Nokia, and with Motorola struggling, he would avoid buying component players such as Texas Instruments, although he wouldn't necessarily sell it. Finally, Cramer recommended taking a "hard look" and Apple and picking it up.

Labels: CC, Jim Cramer, LTD, MOT, NBR, NOK, ROST, TJX, TXN, Wall Street Confidential

Most Under Priced 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.
Chipotle Mexican Grill (NYSE:CMG - News) Dec 65.0. CMG's PowerRating is 4.
Most Under Priced 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.
Oregon Steel Mills Inc. (NYSE:OS - News) Dec 65.0. OS' PowerRating 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.
Intuitive Surgical (NASDAQ:ISRG - News) Jan 105.0. ISRG's PowerRating is 4.
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.
Freeport McMoran Copper & Gold Inc. (NYSE:FCX - News) Dec 55.0. FCX's PowerRating 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.
Nabors Industries Ltd. (NYSE:NBR - News). NBR's PowerRating 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 suggestsan extraordinarily negative earnings report, or other news which may negatively affect the stock.
None Today
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.
Whole Foods Market Inc. (NASDAQ:WFMI - News). WFMI's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: CMG, FCX, ISRG, NBR, OS, WFMI