Jim Cramer Blog

Biogen (BIIB) announced plans to put the company up for sale after-hours. They hired Goldman Sachs and Merrill Lynch to search for a deal. Biogen management thinks that selling the company would represent a better value to shareholders. Adami offers Pfizer (PFE) as a possible buyer. Najarian suggests trading off the news with Elan (ELN). Merck (MRK) also traded up after-hours on winning FDA approval for a new HIV drug. Oracle (ORCL) announced a bid for rival software provider BEA Systems (BEAS) for $6.7 billion

Technology

CNBC Silicon Valley Bureau Chief Jim Goldman joined the show on Friday. Goldman doesn't expect anything big from Yahoo! (YHOO). In fact, he thinks they will disappoint. IBM (IBM) and Intel (INTC) will report good news. Goldman notes that a lot of people are concerned about eBay (EBAY) and the stock has already made a run. Adami agrees on Intel and thinks they can knock the cover off into earnings. Macke disagrees and thinks Yahoo! is setting up to work for a trade. Macke didn't agree on eBay because he thinks management is progressive. Najarian advises watching SanDisk (SNDK) for a takeover play.

Regional Banks

Regional bank names like Wells Fargo (WFC), US Bancorp (USB) Sovereign Bank (SOV), Washington Mutual (WM), PNC Bank (PNC) and Fifth Third Bancorp (FITB) will report earnings next week. Adami likes US Bancorp.

Nike (NKE) was selected as the chart of the day after hitting all-time highs on Friday. Happy 52-week high Nike.

Word on the Street

Technology stocks rallied back strong on Friday with names like Apple (AAPL), Google (GOOG) and Bidau.com (BIDU) all racking up solid gains. McDonald's (MCD) traded higher on Friday after reporting strong September sales. Macke is still bullish on MCD. Retail stocks continue to struggle even with Wal-Mart (WMT) finishing the week higher. Crude oil hit another record high this week trading up to $83.69. Adami thinks Tesoro (TSO) goes to $60 and he also likes Valero (VLO). Finerman continues to like ConocoPhillips (COP).

Pops & Drops

Pops- Monsanto (MON) traded up 3%

PetroChina (PTR) popped 13% even after Warren Buffett trimmed his stake in the Chinese oil giant.

BP (BP) popped 7% following crude oil prices.

General Motors (GM) and Ford (F) both traded up over 10% as the UAW settle strikes with GM and Chrysler.

Drops- Boeing (BA) fell 5% after delaying production of the Dreamliner.

JC Penney (JCP) fell 9% off of negative headlines.

SanDisk (SNDK) dropped 9%.

Final Trade

Najarian likes the global growth play in McDonald's (MCD)

Finerman would eat up Kraft (KFT).

Adami: Tesoro (TSO) and his $60 target.

Labels: BEAS, BIIB, CNBC, Ebay, Fast Money, Fast Money Recap, FITB, IBM, INTC, ORCL, SOV, WFC, WM

There's not much to like at Sovereign Bancorp (SOV), Jim Cramer said on CNBC's "Stop Trading!" Monday.
"It's one of the few that I can't get behind here," he said. "I can't think of a reason to own that one." Sovereign was falling on Monday after an analyst at Friedman Billings cut his estimates on it because of concerns about its consumer-loan exposure. The company also has an owner who "won't let anyone else in," said Cramer.
Google, meanwhile, is poised to go higher, said Cramer, who reiterated his belief the stock will go to $701. "Why a 30 multiple when it's got 33% growth?" he asked. Google crested $600 in trading Monday.
Garmin (GRMN) should also be moving higher, Cramer said. Garmin was upgraded by Am Tech/JSA Research Monday. "It's going to be a "Garmin Christmas," he said. "Own this thing to Christmas, but then you have to sell it."
Published By TheStreet.com

Labels: CNBC's Stop Trading, Garmin, GOOG, Google Inc., GRMN, Jim Cramer, Jim Cramer's Stop Trading, SOV, Stop Trading

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Apple (NASDAQ:AAPL - News) beat earnings by a long-shot on Wednesday after the bell, announcing $1.14 EPS over an expected $0.78 EPS.
Sovereign Bancorp (NYSE:SOV - News) beat earnings on Wednesday afternoon; SOV reported $0.33 EPS over a consensus of $0.32 EPS. SOV's PowerRating is 6.
Amdocs (NYSE:DOX - News) beat earnings on Wednesday after the close, announcing $0.53 EPS over an expected $0.50 EPS. DOX's PowerRating is 5.
Bank of NY (NYSE:BK - News) reports earnings on Thursday before the bell; watch for $0.55 EPS. BK's PowerRating is 4.
Before opening bell Thursday morning, Continental Airlines (NYSE:CAL - News) will announce earnings, with analysts looking for -$0.15 EPS. CAL's PowerRating is 3.
Analysts are looking for Merrill Lynch (NYSE:MER - News) to report $1.92 EPS on Thursday morning. MER's PowerRating is 5.
When UnitedHealth (NYSE:UNH - News) reports quarterly earnings tomorrow morning, look for $0.85 EPS. UNH's PowerRating is 4.
PowerRatings are courtesy of PowerRatings.net

Labels: AAPL, BK, CAL, DOX, Hot Stocks, MER, SOV, UNH