Jim Cramer Blog

On Tuesday’s show, Cramer focused on green stocks that are good investments. Cramer reviewed his green picks from back in April to see how they had done since then.
Shaw Group (SGR): It is up 143% from about $30 to $74 since April.
Foster-Wheeler (FWLT): It is up 99% since April and had great earnings last quarter.
BorgWarner (BWA): It is up 38% since April, and Cramer thinks it will go higher because it has an increasing backlog.
OM Group (OMG): This is the only stock that is down since April, falling 5%. Cramer thinks the stock has started to bounce back from its lows already.
First Solar (FSLR): The stock has climbed 171% and Cramer is still bullish, but wants you to wait until after it reports earnings on Wednesday before buying more.
Fuel Tech (FTEK): This stock is up 35%, but guided down after reporting earnings Tuesday morning.
MEMC (WFR): This stock is up 20% since April and Cramer thinks the company will grow 52% over the next two years.
Tatra Tech (TTI): It is up 14% since April, and Cramer thinks it will keep going up slowly but steadily.
Cramer thinks every one of these stocks will go higher, and thinks that going green is good for business.
Cramer then went to the phone lines. The first caller asked about Zoltek (ZOLT), and Cramer said that although he recommended this stock a while ago he pulled out because he thought he was getting greedy. He now thinks this stock will keep going up. The second caller asked about BP (BP), and Cramer doesn’t think you can own this company because of its green initiatives. The next caller asked about SunPower (SPWR) and Cypress (CY), and Cramer said that Cypress is safer, but he likes both stocks.
The CEO of Wells Fargo (WFC) was on the show to talk about their alternative energy investments and positions, as well as the prospects. Cramer said this is the only banking stock he wants you to buy.
“Am I Diversified?”
The first email asked about UBS (UBS), and Cramer said that he has messed up with every financial pick he had made recently, and thinks you should wait until the stock hits $45 before you buy. The next email asked about Oceaneering International (OII), and Cramer said he didn't like the most recent earnings call. The next email asked if the recent investment in Tesoro (TSO) by Kirk Keorkian's was a bet that oil will drop, and Cramer said that could be right, but that TSO could drop if oil prices decline. The final email asked about lululemon (LULU), and Cramer said he wants nothing to do with the stock since it has gone up so much.

Labels: BP, BWA, CY, FSLR, FTEK, FWLT, Jim Cramer, Mad Money, OII, OMG, SGR, SPWR, TTI, UBS, WFR, ZOLT

OM Group (NYSE: OMG - News), Fuel Tech (NasdaqGM: FTEK), Foster Wheeler (NasdaqGS: FWLT), Shaw Group (NYSE: SGR - News)
Completing his week-long segment which featured "green" stocks, Cramer unveiled his two favorite environmental companies: OMG and FTEK. OMG has 25% of the world's supply of cobalt which is used for hybrid car batteries. Cramer predicts cobalt should remain stable or go higher, especially since there are no new sources until 2009. OMG also has exposure to copper, which Cramer thinks will become more valuable, and is fixing its balance sheet. While he recommended FWLT and SGR earlier in the week as clean power picks, Cramer says they are for conservative investors, but for those who are looking for some risk, he likes FTEK as the ultimate speculative Green Day play. The company has technology to make coal power cleaner by reducing nitrogen-oxide emissions and has been getting "contract after contract." Since 49% of electricity in the US is derived from coal, and ethanol is not yet efficient, FTEK is "pretty important." On a general note, Cramer said even though the market is up, he is still bullish; “I am not exaggerating when I say the best is yet to come. We are going to be up 17%" this year."
Picks for the Week Ahead: VF Corp. (NYSE: VFC - News), Parker-Hannifin (NYSE: PH - News), Eaton (NYSE: ETN - News), Honeywell (NYSE: HON - News), Akamai Technologies (NasdaqGS: AKAM), Apple (NasdaqGS: AAPL), Boeing (NYSE: BA - News), PepsiCo (NYSE: PEP - News), Allegheny Technologies (NYSE: ATI - News), Exxon Mobil (NYSE: XOM - News), Halliburton (NYSE: HAL - News), Level 3 Communications (NasdaqGS: LVLT), NYSE (NYSE: NYX - News), Cummins (NYSE: CMI - News), National Oilwell Varco (NYSE: NOV - News)
While Monday will be quiet, Cramer says there will be a lot going on the market for the remainder of the week. On Tuesday, VFC and PH will report, and he expects an upside for both companies since VFC is a "Benefit of the Doubt" play, and he predicts PH will ride the wave with ETN and Honeywell. Wednesday will be busy, and Cramer limited his picks to five; he would buy Akamai for its streaming video and Apple for its iPhone ahead of their earnings reports, BA because it is going to $100, and ATI which will report a "giant number" and Pepsi. On Thursday, he would take a look at XOM, which will report, as well as HAL and LVLT, both of which have "lagged” but may run. Cramer's growth stock of the year, NYX, also reports on Thursday. Cummins and NOV are on the agenda for Friday and are “not done going up"
Mad Mail: Lamson & Sessions (NYSE: LMS - News), Charter Communications (NasdaqGM: CHTR), Dynegy (NYSE: DYN - News), Rite Aid (NYSE: RAD - News)
Cramer likes LMS as a potential acquisition and predicts the risk/reward is 1 point down and 6 points up. Concerning the CNBC 's Million Dollar Portfolio Challenge, Cramer said his favorite stocks are CHTR, DYN and RAD as "great single-digit plays and LVLT as a "good game name."
Published by SeekingAlpha

Labels: ATI, BA, CMI, DYN, ETN, HAL, HON, Jim Cramer, LMS, Mad Money, NOV, NYX, OMG, PEP, PH, RAD, SGR, VFC, XOM

Negative investor sentiment and potential spillover regarding Asian markets / the now familiar Yen carry trade, sub and prime loan market anxieties and volatility in hard commodities and energy will set the stage this week. Whether those factors ease or not isnt known. As such, the expectation for more volatility in the broader averages is likely, but to pick a direction without some improved clarity on any or all of those fronts is not a strategy traders need to embrace just yet. Earnings are all but over for the Q4 reporting season and potential market movers are nearly out of the equation this week. National Semi (NSM) and Hovnanian (HOV), for better or for worse, are considered to have the most potential on that front. For economic watchdogs, regularly scheduled catalysts are slightly more abundant. However, as last weeks meltdown over the unforeseen or the overlooked is a testament, waiting on a number other than the kind directly related to our portfolios can be a rather difficult and costly proposition. For those so inclined, the big headliner will be the monthly jobs report to close out the week. With four potentially volatile sessions and plenty of leading concerns dictating the market, the always heralded report takes on a bit less meaning for traders interested in portfolio management.

Monday

Economic: ISM Services (57.5)

Earnings: OM Group (OMG), ABM Ind (ABM), ADC Tele (ADCT), Finisar (FNSR), Novatel (NGPS)

Tuesday

Economic: Productivity Revised (1.7%), Factory Orders (-4.0%)

Earnings: Allis Chalmers (ALY), Brown Forman (BF.B), Iconix (ICON), Volt (VOL), Chicos (CHS), Dicks Sport (DKS)

Wednesday

Economic: Weekly Crude, Beige Book

Earnings: American Eagle (AEOS), BJs (BJ), Westwood One (WON), Coldwater (CWTR), Flamel (FLML), FuelCell (FCEL), Martek (MATK), Mens Wearhouse (MW), TiVO (TIVO)

Thursday

Economic: Weekly Claims (335K)

Earnings: Alon (ALJ), Goldcorp (GG), Urban Outfitters (URBN), Comtech (CMTL), Hovnanian (HOV), Cooper (COO), Natl Semi (NSM), GMarket (GMKT), Georgia Gulf (GGC), TurboChef (OVEN)

Friday

Economic: Nonfarm Payrolls (100K), Unemployment (4.6%), Hourly Earnings (.3%), Trade Balance (-$60.0B), Wholesale Inventories (-.1%)

Earnings: Big Lots (BIG), Encysive Pharma (ENCY)

Published By Optionetics.com

Labels: ABM, ADCT, ALY, CHS, FNSR, ICON, OMG, VOL

Advanced Micro Devices (NYSE:AMD - News) said it's "unlikely" to meet its outlook for revenue of between $1.6 billion and $1.7 billion for the first quarter. The current average estimate of analysts polled by Thomson Financial is for revenue of $1.66 billion for the March period. The Sunnyvale, Calif., chip maker made the announcement ahead of a presentation by Hector Ruiz, its chairman and chief executive officer, at a conference sponsored by Morgan Stanley.
Barnes & Noble Inc. (NYSE:BKS - News) gave an outlook for fiscal 2007 that's well below the current Wall Street consensus estimate.
First Bancorp of Puerto Rico (NYSE:FBP - News) agreed in principle to pay $74.25 million to settle all claims in a shareholder class-action lawsuit filed in 2005. The financial holding company said Monday its 2005 financial statements included an accrual of $74.25 million for the settlement. The settlement is subject to final approval by a federal court in Puerto Rico. In December 2005, First Bancorp said it faced several lawsuits alleging securities violations and claims that it artificially inflated the company's earnings and made material misrepresentations and omissions regarding financial conditions.
Fremont General (NYSE:FMT - News) said it plans to sell its subprime real-estate lending business.
Home Solutions of America (NasdaqGM:HSOA - News) shares fell after the Dallas-based provider of rebuilding and remodeling services said it now expects to report fourth-quarter net earnings of 5 cents to 7 cents a share. The company also cuts its full-year 2006 earnings forecast to a range of 43 cents to 46 cents a share from its earlier forecast of 56 cents to 60 cents a share. In addition, Home Solutions said President and Chief Operating Officer Rick O'Brien will resign effective April 15 to pursue other opportunities. O'Brien's operating responsibilities will be assumed by two new division managers, Brian Marshall and Mike Lane.
InfraSource Services Inc. (NYSE:IFS - News) said its fourth-quarter net profit rose 31% to $7.6 million, or 19 cents a share, as revenue increased 12% to $247.9 million. The company, which provides contracting services to the infrastructure industry, said its improved performance was driven by growth in the division that services infrastructure in the electricity sector. Analysts polled by Thomson Financial had expected earnings of 17 cents a share on revenue of $246 million. The company said backlog at the end of the quarter was $902 million, or around 13% higher than at the end of the third quarter.
Lawson Products Inc. (NasdaqGS:LAWS - News) reported fourth-quarter net earnings of $1.34 million, or 16 cents a share, down from $9.58 million, or $1.06 a share, during the year-ago period. Adjusted operating income was $4.9 million compared with $6.8 million last year. The results include a full quarter of the operations of Rutland Tool & Supply Co., which was acquired in December 2005, the company said. The Des Plaines, Il.-based company posted revenue of $126.2 million, up 9% from $115.6 million. Lawson is a provider of products, systems and services to industrial maintenance, repair and replacement markets.
Memory Pharmaceuticals (NasdaqGM:MEMY - News) said a Phase 2a study of its MEM-1003 drug showed it didn't prove effective for the treatment of bipolar mania. The company said the target symptoms and the nature of the assessment of the ongoing Phase 2a study in Alzheimer's disease are very different.
OM Group Inc. (NYSE:OMG - News) said fourth-quarter net income rose to $56.8 million, or $1.93 a share, from $11.6 million, or 40 cents a share. On a continuing operations basis, the Cleveland-based company posted a loss of 58 cents a share. Net sales rose to $172.1 million from $151.5 million.
Palm Inc. (NasdaqGS:PALM - News) has reportedly hired Morgan Stanley to evaluate options including a sale, an investment by private-equity firms or its own purchase, The Wall Street Journal reported Monday, citing people familiar with the matter. Palm rallied nearly 11% on Friday on speculation that Nokia may buy it.
Research In Motion (NasdaqGS:RIMM - News) said it anticipates a $250 million reduction on previous earnings from erroneously reported stock-option grants when it makes a restatement. The maker of the BlackBerry phone said a special committee determined that all options granted prior to February 27, 2002, were accounted for incorrectly due to not applying variable accounting, and 321 grants -- or 63% of the total awarded -- were incorrect between Feb. 28, 2002 and Aug. 2006. The special committee didn't find intentional misconduct on the part of any director or officer, but said hindsight was used to select grant dates with favorable pricing. Co-CEO Jim Balsillie has voluntarily stepped down as chairman, and Dennis Kavelman will be moving from his position as CFO to become the chief operating officer of administration and operations. Directors and officers will return any benefit from mispriced options, and Co-CEOs Balsillie and Mike Lazaridis will contribute up to C$10 million to defray the costs of the probe.
SL Green Realty Corp. (NYSE:SLG - News) said it's agreed to acquire two properties in Manhattan for a total of $73 million from a group of private investors. The properties are located at 331 Madison Ave. and 48 East 43rd Street.
Sunrise Senior Living Inc. (NYSE:SRZ - News) said it has expanded the scope of its previously established special independent committee of the board, to include the review of facts and circumstances relating to the historical accounting treatment of certain categories of transactions in the pending restatement. The McLean, Va.-based provider of senior living services said it has also directed the committee to develop recommendations regarding any necessary remedial measures.
The South Financial Group (NasdaqGS:TSFG - News) named James Gordon as its new chief financial officer, the company said early Monday. Gordon, who takes over March 15, comes to South from HORNE LLP where he worked as the firm's assurance partner for SEC and financial institutions services since 2004. He replaces Timothy Schools, who will resign to "pursue other opportunities" but stay around until April 30th to assist with the transition.
Universal American Financial Corp. (NasdaqGS:UHCO - News) said it's rejecting a management-led proposal to buy the Rye Brook, N.Y. firm for $18.15 a share. A special committee of the board said the offer is "inadequate and not in the best interests of the company and its stockholders."
XM Satellite Radio Inc. (NasdaqGS:XMSR - News) and Sirius Satellite Radio Inc. (NasdaqGS:SIRI - News), currently seeking approval for a proposed $13.6 billion merger, pledged again Friday that existing XM and Sirius radios would not become obsolete if the deal is completed.
Published By MarketWatch

Labels: AMD, BKS, FBP, FMT, HSOA, IFS, LAWS, MEMY, OMG, PALM, RIMM, SIRI, SLG, SRZ, TSFG, UHCO, XMSR

Palm (NasdaqGS:PALM - News) is rumored to be in acquisition discussions to be bought-out by Nokia (NYSE:NOK - News), so watch for new developments and movement catalysts. PALM's PowerRating is 4, and NOK's PowerRating is 7.
InfraSource Services (NYSE:IFS - News) is expected to report $0.17 EPS on Monday morning before the bell. IFS's PowerRating is 7.
Watch for OM Group (NYSE:OMG - News) to announce $1.88 EPS on Monday before the market opens. OMG's PowerRating is 7.
Thor Industries (NYSE:THO - News) reports earnings Monday during market trading hours; watch for $0.41 EPS. THO's PowerRating is 5.
ADC Telecommunications (NasdaqGS:ADCT - News) and Esterline Technologies (NYSE:ESL - News) report on Monday after the market closes, so watch for heightened volume and price action before the bell. ADCT's PowerRating is 7, and ESL's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: ADCT, ESL, Hot Stocks, IFS, NOK, OMG, PALM, THO

Palm (NasdaqGS:PALM - News) is rumored to be in acquisition discussions to be bought-out by Nokia (NYSE:NOK - News), so watch for new developments and movement catalysts. PALM's PowerRating is 4, and NOK's PowerRating is 7.
InfraSource Services (NYSE:IFS - News) is expected to report $0.17 EPS on Monday morning before the bell. IFS's PowerRating is 7.
Watch for OM Group (NYSE:OMG - News) to announce $1.88 EPS on Monday before the market opens. OMG's PowerRating is 7.
Thor Industries (NYSE:THO - News) reports earnings Monday during market trading hours; watch for $0.41 EPS. THO's PowerRating is 5.
ADC Telecommunications (NasdaqGS:ADCT - News) and Esterline Technologies (NYSE:ESL - News) report on Monday after the market closes, so watch for heightened volume and price action before the bell. ADCT's PowerRating is 7, and ESL's PowerRating is 6.
PowerRatings are courtesy of PowerRatings.net

Labels: ADCT, ESL, Hot Stocks, IFS, NOK, OMG, PALM, THO