Jim Cramer Blog

Here are 7 stocks for traders for Monday:
Merix (NasdaqGM:MERX - News) reports earnings on Monday morning before the bell; watch for -$0.08 EPS.
Qmed (NasdaqCM:QMED - News) announces quarterly results on Monday afternoon, with analysts looking for -$0.54 EPS.
YUM! Brands (NYSE:YUM - News) is expected to report $0.45 EPS on Monday afternoon after the market closes. YUM's PowerRating (for Traders) is 5.
Alcoa (NYSE:AA - News) officially kicks off the last earnings season of the year, when the company reports earnings on Tuesday afternoon. AA's PowerRating (for Traders) is 6.
Google (NasdaqGS:GOOG - News) gained over 2.5% on Friday to $593.80, after Bear Stearns analysts predicted the company's stock will reach $700 by the end of 2008. GOOG's PowerRating (for Traders) is 5.
MetroPCS Communications (NYSE:PCS - News) fell nearly 10% after missing analyst new subscriber estimates; rival Leap Wireless International (NYSE:LEAP - News) also fell 8% on the news. LEAP's PowerRating (for Traders) is 6.
Published By TradingMarkets.com

Labels: AA, GOOG, Hot Stocks, LEAP, MERX, PCS, QMED, YUM

Equity prices continued their rally from Friday's strong showing as investors more or less banked that the Fed will cut interest rates when they meet on September 18th. Helping fuel the gains were technology and financial related names. At the close, all three major market averages rose on the session, with the tech-heavy Nasdaq leading the way with a gain of 1.30%. The Dow ended with a gain of 92 points, while the S&P 500 added 15.5 points. In the energy sector, oil rose $1.04 to $75.08 as investors worried over increased hurricane activity in the tropics.
On the economic front, manufacturing grew at the slowest pace in more than five years in August as companies reduced orders after borrowing costs rose. The Institute for Supply Managers (ISM) index fell to 52.9 from 53.8 in July. In other economic news, the Commerce Department said that construction spending unexpectedly fell -0.4% in July.
U.S. auto makers reported sales figures for the just completed month of August. Ford Motor (NYSE: F - News) said sales plunged -14% in the month, which marked the 10th straight monthly decline as demand for its cars plummeted -34%. For the month, Ford sold 218,332 vehicles. Analysts were looking for a -12% slide in overall U.S. sales. On the flip side, General Motors (NYSE: GM - News) reported a 5% sales increase in the month as it sold 388,168 vehicles, up from 368,776 in the same period a year ago.
In deal news, Metro PCS Communications (NYSE: PCS - News) proposed to buy rival Leap Wireless International (Nasdaq: LEAP - News) in an all-cash merger valued at $5.5 billion. Under the terms of the proposed deal, PCS wants to exchange 2.75 of its shares for every one share of Leap's, which would represent a premium of just 3% to where the shares traded on Friday. The combined company would create a new national wireless carrier. Leap shares surged 15% on a belief that investors would get a higher offer price. Metro PCS shares rose 5% on the session.
In other news, Starwood Hotels & Resorts (NYSE: HOT - News) hired Frits van Paasschen to become CEO of the hotel operator. Today's hiring ends the five month long search for a new CEO. Paasschen will replace interim CEO Bruce Duncan. Elsewhere in the "E" suite, Sony Ericsson's Miles Flint will step down as President of the company and will be replaced by Hideki Komiyama, who is currently the Chairman of Sony Electronics in the U.S. Komiyama will join Sony Ericsson on November 1st.
Investment research firms were busy upgrading technology related names today, among them was Yahoo (Nasdaq: YHOO - News) whose shares surged 5.5% after Bear Stearns named the company a "top pick." Bear Stearns analyst Robert Peck said the company could be a takeover candidate at significantly higher levels, and sees the stock trading at $30 by the end of the year without a takeover. Subscribers can read our analysis of Yahoo in today's issue.
Also making waves today was Apple (Nasdaq: AAPL - News) after technology research firm ISuppli said Apple's iPhone was the best selling phone in the U.S. in the month of July. ISuppli also expects the company to sell 4.5 million iPhones in 2007, and more than 30 million by 2011. A Piper Jaffray analyst also offered bullish comments, helping the company's shares jump 4.1%.
By The BullMarket.com Staff

Labels: AAPL, F, GM, HOT, LEAP, PCS, YHOO

Bullish:
Apple (NasdaqGS: AAPL): 'I said, at $85 and change it was anointed. It's up $8....because they indeed blew away the numbers.'Savient Pharmaceuticals (NasdaqGM: SVNT): ' ... still like it as much as I did at the beginning of the year. I like their uric acid product. I'm not backing away.'BioMarin Phramaceutical (NasdaqGM: BMRN):' I know people were disappointed in that last quarter. I think it's a mistake. BMRN is a good biotech stock, and a takeover target.'AT&T (NYSE: T)State Street (NYSE: STT): 'I think that the mutual fund clearing business is a great business, a great way to participate in this rally. STT is a thumb and a half up.'Pozen (NasdaqGM: POZN): 'They get that migraine stuff... I mean, this company... There are so many ways to win.'Nastech Pharmaceutical (NasdaqGM: NSTK): ' ... we identified at $10 and it went to $13.50. I'm going to join you on the buy side there. I think you're in good shape. Buy, buy, buy!'Burger King (NYSE: BKC): ... it's been on fire. BKC is a reformed, better outfit. It's really good ... easily, easily going up to $26-$27.'McDonald's (NYSE: MCD)Parker-Hannifin (NYSE: PH): 'Do not lose heart! That was a beautiful quarter. They will find it ... Even though it's been up a lot in the last year... you say I want some PH, and then you get the stampede. That stock is going to $100.'Tellabs (NasdaqGS: TLAB): 'Quite frankly, I thought the stock should have been single digits after that call ... I smell merger. I smell buyout. I smell takeout. Sit with your TLAB. I think something good is going to happen.'Thermo Fisher Scientific (NYSE: TMO): Have much have we liked TMO?... 52-week-high? No, no. More ahead. $50 goes to $60, TMO!'Trinity Industries (NYSE: TRN):Charter Communications (NasdaqGM: CHTR): 'CHTR's minding its own business, going higher ... CHTR, it reports May 2nd. I like the stock very much.'
Bearish calls:
MetroPCS Communications (NYSE: PCS): 'Let's not be too greedy. That stock has had a run. The other ones haven't. I'd actually be more conservative.'Simon Property Group (NYSE: SPG): 'Let that one come in. The commercial real estate market has had a great run. It's not where I want to be right now.'XM Satellite Radio (NasdaqGS: XMSR): 'No. That's a bleeding contest. That's one of those where you're darned if you do and darned if you don't. The congress won't let these two companies merge.'
Published By SeekingAlpha

Labels: AAPL, BKC, Jim Cramer, Lightning Round, Mad Money, PCS, PH, SPG, STT, SVNT, TMO, TRN, XMSR