Jim Cramer Blog

The Unsinkable Jolly Dow
Cramer said the Dow rise of 280 points was "recognition... that maybe something could go right," amid the crisis in housing with "terrible" pin action in other sectors. He added the government can be part of the problem or part of the solution and reiterated his hope Fed Chairman Ben Bernanke will cut interest rates. If the Fed doesn't reduce rates, Cramer says a few other solutions may alleviate the problem somewhat, especially if Treasury Secretary Henry Paulson makes refinancing easier, institutions like Morgan Stanley report a clean bill of health, the Chinese take a major stake in a mortgage company, or if William Buffett rescues a troubled lender. Otherwise, 7 million people could lose their homes and mortgage institutions will have to merge in order to survive.
Allergan (NYSE: AGN - News): "The Costco of Better-Looking Body Parts"
"Even if 7 million people lose their homes, they'll still want to look good," Cramer said, and reiterated his well-known theory that the wheels of Capitalism are greased by the desire for wrinkle-free skin. As bullish Cramer has been on AGN, he says the stock is bigger than he imagined, with a 24% increase in Botox sales, making AGN the most rapid-growing eye company in the world. AGN should rise on the FDA's approval of the use of silicon for breast implants and the company should have a "hammer lock" on the business, according to Cramer. AGN also produces a lap band, which crimps the stomach and facilitates weight loss. Even if there will be widespread misery, Cramer still believes AGN is destined to go higher.

CEO Interview:Curtis Anastasi, NuStar GP Holdings (NYSE: NSH - News)
Anastasio blames weakness in the energy sector for the company's lackluster performance, and says bearishness on the stock is undeserved, since NSH is a "toll taker," does not buy or sell oil directly and is not exposed to high prices. Cramer thanked Anastasio for clarifying NSH's situation, and remarked to viewers," Don't throw everything away."
Published By SeekingAlpha

Labels: AGN, Jim Cramer, Mad Money, NSH

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.
Hospira (NYSE:HSP) & Hologic (NasdaqGS:HOLX). HSP's PowerRating is 6, and HOLX's PowerRating is 8.
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.
Oriental Express Hotels (NYSE:OEH). OEH's PowerRating 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.
Novellus Systems (NasdaqGS:NVLS) & NuStar GP Holdings (NYSE:NSH). NVLS's PowerRating is 7, and NHS's PowerRating is 8.
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. Historically, these stocks have provided traders with a significant edge.
Jackson Hewitt (NYSE:JTX). JTX's PowerRating is 3.
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.
Conseco (NYSE:CNO). CNO's PowerRating is 4.
PowerRatings are courtesy of PowerRatings.net

Labels: CNO, HOLX, Hot Stocks, HSP, JTX, NSH, NVLS, OEH