Jim Cramer Blog

Bullish:
Coca-Cola (KO) or Pepsi (PEP)
Investools (SWIM): Cramer likes the stock.
Skyworks (SWKS): Cramer likes this stock and RF Micro (RFMD) until the end of the year, and then he thinks it will be time to get out.
Media (FMCN) or Baidu.com (BIDU).
Best Buy (BBY) instead of Circuit City.
Under Armour (UA): Cramer thinks this quarter is going to be good, and that UA is the place to be.
Aircastle (AYR): Cramer likes the good yield, but the stock is not exciting.
Kraft (KFT)
Oracle (ORCL) is the better software play.
Bearish:
Melco (MPEL): Cramer thinks that they know nothing about the casino business. "Sell, sell, sell!"
China Precision (CPSL): Cramer thinks this is a sell, and that you should go with Focus.
Circuit City (CC): Cramer thinks there is nothing there
Invesco (IVZ): Go with T. Rowe Price (TROW) instead.
Level 3 Communications (LVLT): Cramer thinks you should stay away and that he needs to have the CEO on the show.
Tellabs (TLAB): Don't Buy, Don't Buy, Don't Buy.
ADM (ADM): Cramer thinks that this is a lost company
Lance (LNCE): Don't buy
Red Hat (RHT): Cramer doesn't like Red Hat
Jones Soda (JSDA): Stay away from

Labels: AYR, BBY, BIDU, FMCN, Jim Cramer, KFT, KO, Lightning Round, Mad Money, ORCL, PEP, RFMD, SWIM, SWKS, UA

Wireless chip maker RF Micro Devices reported net earnings of $25.3 million in the first quarter of its fiscal 2008 year, down 16 percent from the previous quarter but up 81.7 percent from the year before, the company has announced.
Sales were down both year-over-year and sequentially, the company said. Revenues were $211.6 million in the most recent quarter, down from $257.3 million in the previous quarter and from $238.3 million in the same quarter the year before.
The results were in line with guidance the company issued in April, which warned that weakness at one of RF Micro's biggest customers would impact quarterly income.
RF Micro currently expects revenue to rebound in the September quarter, to between $230 million and $245 million.
Published July 25, 2007 by The Business Journal

Labels: RF Micro Devices Inc., RFMD

Symbol
Name
Last Trade
Change
Volume
Related Info
SPY
S&P DEP RECEIPTS
142.00 Mar 30
0.03 (0.02%)
128,208,880
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
43.53 Mar 30
0.04 (0.09%)
120,433,969
Chart, Profile, More
DNDN
DENDREON CORP
12.93 Mar 30
7.71 (147.70%)
92,584,293
Chart, Profile, More
SUNW
SUN MICROSYS INC
6.01 Mar 30
0.05 (0.84%)
78,030,014
Chart, Profile, More
LSI
L S I LOGIC CP
10.44 Mar 30
0.41 (4.09%)
60,788,762
Chart, Profile, More
INTC
INTEL CP
19.13 Mar 30
0.04 (0.21%)
60,171,601
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
79.51 Mar 30
0.33 (0.42%)
54,325,695
Chart, Profile, More
CMGI
CMGI INC
2.12 Mar 30
0.14 (6.19%)
53,504,668
Chart, Profile, More
MSFT
MICROSOFT CP
27.87 Mar 30
0.12 (0.43%)
47,065,600
Chart, Profile, More
RFMD
RF MICRO DEVICES
6.23 Mar 30
0.08 (1.27%)
40,590,127
Chart, Profile, More
CSCO
CISCO SYS INC
25.53 Mar 30
0.10 (0.39%)
38,928,137
Chart, Profile, More
MOT
MOTOROLA INC
17.67 Mar 30
0.04 (0.23%)
38,561,396
Chart, Profile, More
DELL
DELL INC
23.21 Mar 30
0.18 (0.77%)
38,147,991
Chart, Profile, More
LVLT
LEVEL 3 COMM INC
6.10 Mar 30
0.10 (1.67%)
35,206,950
Chart, Profile, More
GE
GEN ELECTRIC CO
35.36 Mar 30
0.19 (0.53%)
34,170,491
Chart, Profile, More
KFT
KRAFT FOODS INC
31.66 Mar 30
0.14 (0.44%)
32,448,950
Chart, Profile, More
F
FORD MOTOR CO
7.89 Mar 30
0.06 (0.75%)
32,190,695
Chart, Profile, More
SLR
SOLECTRON CP
3.15 Mar 30
0.07 (2.27%)
30,440,584
Chart, Profile, More
PFE
PFIZER INC
25.26 Mar 30
0.15 (0.59%)
30,201,813
Chart, Profile, More
EMC
E M C CP
13.85 Mar 30
0.19 (1.39%)
28,018,777
Chart, Profile, More

Labels: CMGI, CSCO, DELL, DNDN, EMC, F, GE, INTC, IWM, KFT, LSI, LVLT, MOT, MSFT, pfe, QQQQ, RFMD, SLR, SPY, SUNW

The volatility of the first quarter that ended Friday, was reflected in several stocks that saw unusual activity during the week, including a drop for Boston Scientific and a jump for Abbott Laboratories.
Boston Scientific Corp. slid 6.6 percent Monday after a study showed a heart stent made by Abbott had lower rates of target vessel failure. This means the drug-coated stent performed better than Boston Scientific's Taxus.
The study was originally meant to show that the Abbott stent, called Xience, was merely not inferior to Taxus. Both stocks traded with very heavy volume, and sent shares of other stent makers into accelerated trading as well.
Shares of Boston Scientific sank to a nearly five-year low of $13.88 on the news, with volume approaching three times its typical trade of about 12 million shares. The New York Stock Exchange-listed shares recovered slightly as the week continued as volume returned to more normal levels, ending the week at $14.54.
Meanwhile, Abbott shares on Monday gained 6 percent and hit an all-time high of $57.26, with trading volume almost four times a typical day. Volume remained high Tuesday as shares began to slip a bit, and by Friday the stock settled back to close at $55.80, still up 3.6 percent for the week.
Nuvelo Inc. shot up 25 percent Tuesday to $3.86, after the smallcap company said the Food and Drug Administration has granted "fast-track" status to its colon cancer drug candidate as both a first- and second-line treatment.
That means Nuvelo can submit data to the FDA on a rolling basis rather than all at once, speeding up the application process.
Trading volume jumped to about 9 times its usual volume, with 28 million shares changing hands on the Nasdaq Stock Market. Activity remained high Wednesday, though volatility leveled out. The stock gave back some of its Tuesday gains but ended the week up 19 percent at $3.68.
On Wednesday, Beazer Homes USA Inc. plunged more than 8 percent to $28.77 on the NYSE, after the FBI said it is among agencies investigating possible fraud in the company's mortgage lending practices and other financial transactions.
The homebuilder said it was cooperating with a federal prosecutor's request for documents. The news came on top of ongoing struggles for the Atlanta-based company, which has suffered hefty losses amid a downturn in the housing market.
Trading volume swelled to 19.6 million shares changing hands, from a typical level of 1.6 million shares.
The U.S. attorney's office in Charlotte, N.C., along with the Internal Revenue Service and the U.S. Department of Housing and Urban Development are also participating in the investigation.
Volume settled back down the rest of the week, though the stock didn't recoup much of the loss. Shares of Beazer ended the week down 7.6 percent at $29.03.
RF Micro Devices Inc., which makes components used in mobile phones, on Thursday shed 11 percent to end at $6.31 on the Nasdaq, after the company projected a first-quarter slowdown. Trading volume zoomed to 63.3 million shares, from a usual 8.7 million shares changing hands.
The news prompted a Jefferies analyst to downgrade the stock. The company blamed lighter demand from a top customer, but did not provide more details. Analysts suspect the customer is mobile phone maker Motorola Inc., which recently warned of a more than $1 billion expected sales miss.
Shares lost another 8 cents Friday, with volume nearing 40.6 million shares, to close the week at $6.23.
Friday, Dendreon Corp. more than doubled its share price with extraordinarily heavy trading volume, surging $7.71 to $12.93 on the Nasdaq, and during the session spiked to $18.05, its highest point since December 2000. Volume approached 92.5 million shares, more than the 75.7 million shares the company had outstanding
The drug maker said a Food and Drug Administration panel endorsed its experimental prostate cancer vaccine, Provenge. The FDA advisers said the vaccine is safe, and said there is substantial evidence that it works in treating advanced prostate cancer that no longer responds to hormone treatment. The drug needs further study before it can be approved.
Published By AP

Labels: ABT, BSX, BZH, DNDN, MOT, NUVO, RFMD

A day after the Fed's comments sparked an aggressive late-day rally, stocks vacillated close to unchanged as investors took profits, further digested the Fed's remarks, and reacted to a profit warning and management shakeup at tech giant Motorola (NYSE: MOT - News). The result was a fairly tame day of trading in which all three major indexes stayed close to unchanged. The Dow closed up slightly, while the Nasdaq and S&P 500 were modestly lower on the day.
While investors initially seemed to interpret yesterday's Fed statement as opening the door for a rate cut later in the year, the market backed off that enthusiasm somewhat today. With inflationary pressure still very much on the Fed's radar, today's jump in the price of crude oil served as a reminder that high energy costs may underpin further inflation and limit the Fed's willingness to cut rates. Crude oil spiked higher, approaching $62 a barrel as refineries prepare to ramp up production ahead of the summer driving season.
Shares of Motorola plunged -7% and hit a new 52-week low after the company announced that it now expects to report a Q1 profit between breakeven and 2 cents per share, well below the 17 cents per share expected by analysts. The company's revenue outlook for the quarter was similarly slashed. Motorola blamed the lowered outlook on a poor performance in its mobile devices segment, where a lack of blockbuster handsets has hurt the company's margins and eroded market share. Motorola also shook up its executive ranks and announced the retirement of its CFO.
The Motorola news rippled elsewhere as well. Palm (Nasdaq: PALM - News), bid up all week as a potential buyout target for Motorola and others, gave back -9% on the news, but was up slightly in after-hours trading after beating earnings estimates after the bell. Semiconductors that supply Motorola also felt the fallout, and RF Micro Devices (Nasdaq: RFMD - News) and Skyworks Solutions (Nasdaq: SWKS - News), both the subject of Motorola-related analyst downgrades, dropped sharply on the day. Rival handset maker Nokia (NYSE: NOK - News), meanwhile, saw a modest gain in the wake of Motorola's warning.
Several earnings reports grabbed headlines as well, including the FQ1 report from homebuilder KB Home (NYSE: KBH - News), where profit plunged compared to a year ago but exceeded lowered expectations. The company said that difficult conditions in the housing market are likely to extend through the rest of the year. KB did, however, say that it was taking measures to reduce exposure to subprime loans while also cutting back on inventory.
A pair of food companies also reported earnings. ConAgra (NYSE: CAG - News) managed to beat both top- and bottom-line estimates for FQ3 despite a far-reaching recall of its peanut butter products. ConAgra now expects to lose as much as $150 million in sales as its peanut butter will stay off of shelves for at least several more months. General Mills (NYSE: GIS - News) beat estimates for its FQ3, while also raising guidance for the year. The upbeat outlook came in spite of rising prices of the crops used to make its cereals.
By the BullMarket.com Staff

Labels: CAG, GIS, KBH, MOT, NOK, PALM, RFMD, SWKS

A day after the Fed's comments sparked an aggressive late-day rally, stocks vacillated close to unchanged as investors took profits, further digested the Fed's remarks, and reacted to a profit warning and management shakeup at tech giant Motorola (NYSE: MOT - News). The result was a fairly tame day of trading in which all three major indexes stayed close to unchanged. The Dow closed up slightly, while the Nasdaq and S&P 500 were modestly lower on the day.
While investors initially seemed to interpret yesterday's Fed statement as opening the door for a rate cut later in the year, the market backed off that enthusiasm somewhat today. With inflationary pressure still very much on the Fed's radar, today's jump in the price of crude oil served as a reminder that high energy costs may underpin further inflation and limit the Fed's willingness to cut rates. Crude oil spiked higher, approaching $62 a barrel as refineries prepare to ramp up production ahead of the summer driving season.
Shares of Motorola plunged -7% and hit a new 52-week low after the company announced that it now expects to report a Q1 profit between breakeven and 2 cents per share, well below the 17 cents per share expected by analysts. The company's revenue outlook for the quarter was similarly slashed. Motorola blamed the lowered outlook on a poor performance in its mobile devices segment, where a lack of blockbuster handsets has hurt the company's margins and eroded market share. Motorola also shook up its executive ranks and announced the retirement of its CFO.
The Motorola news rippled elsewhere as well. Palm (Nasdaq: PALM - News), bid up all week as a potential buyout target for Motorola and others, gave back -9% on the news, but was up slightly in after-hours trading after beating earnings estimates after the bell. Semiconductors that supply Motorola also felt the fallout, and RF Micro Devices (Nasdaq: RFMD - News) and Skyworks Solutions (Nasdaq: SWKS - News), both the subject of Motorola-related analyst downgrades, dropped sharply on the day. Rival handset maker Nokia (NYSE: NOK - News), meanwhile, saw a modest gain in the wake of Motorola's warning.
Several earnings reports grabbed headlines as well, including the FQ1 report from homebuilder KB Home (NYSE: KBH - News), where profit plunged compared to a year ago but exceeded lowered expectations. The company said that difficult conditions in the housing market are likely to extend through the rest of the year. KB did, however, say that it was taking measures to reduce exposure to subprime loans while also cutting back on inventory.
A pair of food companies also reported earnings. ConAgra (NYSE: CAG - News) managed to beat both top- and bottom-line estimates for FQ3 despite a far-reaching recall of its peanut butter products. ConAgra now expects to lose as much as $150 million in sales as its peanut butter will stay off of shelves for at least several more months. General Mills (NYSE: GIS - News) beat estimates for its FQ3, while also raising guidance for the year. The upbeat outlook came in spite of rising prices of the crops used to make its cereals.
By the BullMarket.com Staff

Labels: CAG, GIS, KBH, MOT, NOK, PALM, RFMD, SWKS

Alcoa (NYSE:AA - News) shares rose Wednesday as its fourth-quarter earnings report sparked cheers in the financial markets.
Apple (NASDAQ:AAPL - News) shares rose to another all-time high Wednesday as investors continued to throw their support behind the company, its new high-end iPhone and its push into consumer-products markets.
Audiovox Corp. (NASDAQ:VOXX - News) said it swung to third-quarter net income, as the cost of sales fell, of $3.85 million, or 17 cents a share. During the same period in the prior year, the company reported a net loss of $10.3 million, or 46 cents a share.
Carrington Laboratories Inc. (NASDAQ:CARN - News) said Wednesday its subsidiary, DelSite Biotechnologies Inc., has granted a non-exclusive license to EndoBiologics Inc. for the development of vaccines against bacillary dysentery and other bacterial diseases using DelSite's nasal powder vaccine delivery technology. Financial terms of the agreement were not disclosed. Irving, Texas-based Carrington said the goal of the program is to develop needle-free vaccines that can be stored without refrigeration.
Cell Therapeutics (NASDAQ:CTIC - News) filed for a special protocol assessment for the design of its phase III trial of Xyotax for women with advanced lung cancer with the Food and Drug Administration.
Choice Hotels International Inc. (NYSE:CHH - News) was upgraded to peer perform from underperform at Bear Stearns.
CKE Restaurants (NYSE:CKR - News) said December same-store sales rose 7.4%. The owner of Carl's Jr. and Hardee's also said it'll boost its stock repurchasing plan by $50 million.
Cosi (NASDAQ:COSI - News) said it expects earnings before stock compensation expense of between 8 to 12 cents a share for fiscal 2007 on revenue of between $150 million and $155 million for company-owned locations. For 2008, the Deerfield, Ill., restaurant chain sees earnings of 35 to 45 cents a share before stock compensation expense. Cosi sees a loss of 18 cents a share for 2006, excluding stock based compensation with revenue growing 8.3% to $126.9 million.
Delta Air Lines Inc. (Other OTC:DALRQ.PK - News) shares rose after U.S. Airways Group raised its hostile merger bid for Delta.
Digimarc (NASDAQ:DMRC - News) shares jumped after the company said it expects revenue of between $110 million and $117 million for fiscal 2007, a level that would represent growth of 5%-10%. The Beaverton, Ore., developer of secure identity and media management technology products said the revenue could be higher depending upon the timing and impact of continuing market adoption of digital watermarking as well as expanded sales to existing U.S. driver license customers. The company also entered a licensing agreement with USA Video Interactive Corp. (OTC BB:USVO.OB - News). The deal calls for the licensing of Digimarc's digital watermarking patents to USA Video for use in forensic tracking applications of certain video products.
EXFO Electro-Optical Engineering (NASDAQ:EXFO - News) shares jumped after the company reported first-quarter earnings of $3.5 million, or 5 cents a share, up from a year-ago profit of $400,000, or a penny per share, in the same period a year earlier. The latest results included costs of $900,000 related to amortization of intangible assets and $300,000 from stock-based compensation. Sales at the Canadian provider of test and measurement equipment for telecommunications applications surged 31.4% in the first quarter to $35.5 million.
Genomic Health Inc. (NASDAQ:GHDX - News) signed a national payor contract with United HealthCare Insurance Co., an affiliate of UnitedHealth Group (NYSE:UNH - News) for Oncotype DX, Genomic Health 's test service. The agreement establishes coverage across all of UnitedHealthCare's plans for women with early-stage breast cancer, Genomic Health said. Coverage is scheduled to become effective for claims performed on or after Jan. 3. The Oncotype DX test quantifies the likelihood of breast cancer recurrence and predicts the likelihood of chemotherapy benefit.
Shares of ImClone Systems Inc. (NASDAQ:IMCL - News) soared after the company reported its Erbitux cancer treatment passed a key test in treating metastatic colorectal cancer.
Innkeepers USA Trust (NYSE:KPA - News) was upgraded to buy from hold at Stifel Nicolaus.
Innodata Isogen (NASDAQ:INOD - News) shares rose after the Hackensack, N.J.-based provider of IT and business process outsourcing services said it has secured several new projects in the fourth quarter which the company expects will produce roughly $9 million in revenues in 2007. "We project that revenues for 2007 will include an approximately $40 million head start consisting of the $9 million we are announcing today, $6 million from existing one-time projects, and $26 million of recurring revenue," said Steve Ford, the company's chief executive, in a statement. "This compares with $41 million of revenues that we project for all of 2006."
Insmed (NASDAQ:INSM - News) shares surged after the Richmond, Va.-based biopharmaceutical company said the Italian government has asked Insmed to make its drug Iplex available to physicians in Italy to treat patients with amyotrophic lateral sclerosis, or Lou Gehrig's Disease. Through an agreement with Cephalon Inc. (NASDAQ:CEPH - News), which holds European patent rights to IGF-1 related to the treatment of ALS, Insmed said it will be able to distribute Iplex through an expanded access program, with Insmed receiving payment for the drug from the Italian government.
International Aluminum Corp. (NYSE:IAL - News) agreed to be acquired by Genstar Capital, a San Francisco-based private equity firm, for roughly $228 million. Genstar said the deal values International Aluminum at $53 per share, compared to Tuesday's close at $50. International Aluminum, a Monterey Park, Calif., maker of aluminum building materials, generated revenue of more than $280 million for the year ended June 30.
McKesson (NYSE:MCK - News) was upgraded to buy from neutral at Merrill Lynch. The firm cited valuation.
Morgans Hotel Group Co. (NASDAQ:MHGC - News) was upgraded to overweight from equal-weight at Morgan Stanley. The firm lifted its price target on the stock to $20 from $17.
Ocean Bio-Chem Inc. (NASDAQ:OBCI - News) shares rocketed up Wednesday morning after the Fort Lauderdale, Fla.-based maker of maintenance products for boats and cars said it has begun increased product distribution to Wal-Mart Stores Inc. . In a company filing with the Securities and Exchange Commission, Ocean Bio-Chem said Wal-Mart will carry an increased assortment of its products in roughly 2,700 outlets, many of which did not previously carry any of its products.
Perficient (NASDAQ:PRFT - News) lifted its revenue outlook for the fourth quarter to between $48.4 million from $49.6 million. Its previous outlook was for revenue of $42.4 million to $45.1 million in the quarter.
Placer Sierra Bancshares (NASDAQ:PLSB - News) agreed to be acquired by Wells Fargo & Co. (NYSE:WFC - News) for an estimated $645 million. The consideration is dependent upon an exchange ratio based on the volume-weighted average of the daily volume-weighted average price of a share of Wells Fargo common stock for each of the 20 consecutive trading days.
RF Micro Devices (NASDAQ:RFMD - News) said it expects fiscal third-quarter profit to improve over the sequential second quarter, as revenue growth exceeded expense growth and due to increased production and internal assemble. The New York mobile communications technology company said the sale of its Bluetooth assets to Qualcomm will benefit earnings by 4 to 6 cents a share a year.
Sears Holdings (NASDAQ:SHLD - News) said same-store sales for the November to December period fell 5.6% at domestic Sears stores and declined 1.2% at Kmart stores. The decline at Sears was attributable to lower lawn and garden and appliance sales, which was partially offset by growth in women's apparel sales, while lower Kmart sales was due to lower transaction volumes. The Hoffman Estates, Ill. retail chain said it expects fiscal fourth-quarter earnings of $750 million to $830 million, or $4.87 to $5.39 a share, up from $648 million, or $4.03 a share, a year earlier. Analysts surveyed by Thomson First Call had been expecting earnings of $4.86 a share, on average.
Shaw Communications (NYSE:SJR - News) was upgraded to outperform from underperform at RBC Capital Markets. The firm also lifted its price target on the stock to $45 from $34.
Shaw Group (NYSE:SGR - News) plans to delay filing a fiscal first-quarter 2007 report to account for a 20% investment in Westinghouse but said its results would be generally in the range of its previous outlook. The Baton Rouge, La., engineering and construction firm said its revenue would be $1.27 billion in the quarter ended Nov. 30, 2006. Operating income is expected to be $36 million compared to $53.7 million in the year-earlier period. Analysts polled by Thomson First Call forecast earnings, on average, of 19 cents a share and sales of $1.2 billion.
Sunstone Hotel Investors (NYSE:SHO - News) was upgraded to buy from hold at Stifel Nicolaus.
Synchronoss Technologies (NASDAQ:SNCR - News) shares leapt after the company said its ActivationNow platform was selected by Cingular for Apple Inc.'s iPhone product, which was unveiled on Tuesday. Bridgewater, N.J.-based Synchronoss also reaffirmed its 2007 earnings forecast of 44 cents to 48 cents a share, excluding items, on revenue of $99 million to $100 million.
Taitron Components (NASDAQ:TAIT - News) said its board of directors has declared a 10 cents-a-share annual cash dividend to be paid Jan. 31. The announcement follows the decision by Taitron, which distributes electronic components, to declare an annual dividend of up to 10 cents for a period of five years.
USANA Health Sciences (NASDAQ:USNA - News) said it now expects earnings of 58 to 60 cents a share for the fourth quarter, above its prior forecast for a profit of 56 to 58 cents a share. The company also said it sees sales of about $101 million for the quarter, prior to the reclassification of what was previously termed associate incentive expense as a sales discount. After the reclassification, the Salt Lake City provider of nutritional products expects sales of about $99.5 million for the quarter. The current average estimate of analysts polled by Thomson First Call is for a profit of 57 cents a share in the December period.
XM Satellite Radio (NASDAQ:XMSR - News) shares rose after Citigroup lifted its 12-month price target on the stock to $21 from $16. The firm told clients that increasing numbers of customers who buy cars and trucks equipped with XM radios are likely to sign up for the service. It also added that the possibility of a merger with rival Sirius Satellite Radio should provide "downside support" for XM stock.
Published By MarketWatch

Labels: AA, AAPL, CARN, COSI, DMRC, GHDX, IAL, IMCL, INOD, OBCI, PLSB, PRFT, RFMD, SGR, SHLD, SHO, UNH, VOXX, WFC, XMSR

RF Micro Devices has sold most of its Bluetooth assets to Qualcomm for a total of $39 million, the company has announced.
RF Micro (NASDAQ: RFMD - News) will hold on to the four Bluetooth products that have generated most of the company's revenue in the technology to date, while increasing its focus in the future on its more central product lines such as cellular transceivers, power amplifiers, GPS receivers and others.
Qualcomm (NASDAQ: QCOM - News) will acquire the assets and intellectual property related to RF Micro's next generation of Bluetooth chips. Bluetooth is a wireless technology commonly used over very short distances to link electronic devices.

Labels: QCOM, Qualcomm Inc., RF Micro Devices, RFMD