Jim Cramer Blog

Procter & Gamble (PG): Procter & Gamble is cheap to the mid-$70s. Stay in it.

Dominion (D): Cramer gives it the triple buy!

Omniture (OMTR): "Stock is going to $35. Do not sell."

Boeing (BA): Sotck goes to $120. Boeing "all aboard."

Ceragon Networks (CRNT): "Just go buy Cisco (CSCO)"

Intuitive Surgical (ISRG): Wait until you have $10,000 or more. Cramer endorses the stock.

Archer Daniels Midland (ADM): Buy Deere (DE), Monsanto (MON), and Bunge (BG) instead. "52 week high."

Seagate (STX): Cramer doesn't like the disk drive stocks, and thinks you should go with Intel (INTC) or Hewlett-Packard (HPQ).

Chevron (CVX): Cramer thinks you have to own the stock unless you own ExxonMobil (XOM) or ConocoPhillips (COP).

Labels: ADM, BG, COP, CRNT, CSCO, CVX, D, DE, HPQ, INTC, ISRG, Jim Cramer, Lightning Round, Mad Money, MON, OMTR, PG, STX, XOM

Stocks surged today as investors went bargain hunting following yesterday's sell-off. At the close, the major market averages gained back most of what they lost yesterday, with the Dow ending up 248 points, and 90% of the stocks in the S&P finishing higher. Oil continued to rise on the week, with the price of crude jumping $1.78 to finish at $73.51 a barrel.

In corporate news, tobacco giant Altria Group (NYSE: MO - News) announced that it will spin off its international tobacco business amid an ongoing corporate restructuring. Current Altria CEO Louis Camilleri will serve as chairman and CEO of Philip Morris International, while Michael Szymanczyk will become chairman and CEO of Altria. Its board of directors also increased the dividend 8.7%. Shares rose 1.1%. Subscribers can read our analysis of Altria in today's issue.
In the specialty retailing space, Big Lots (NYSE: BIG - News) shares surged 9.9% after the company earned $23.4 million, or 22 cents a share, in its second quarter, up from $4.3 million, or 4 cents a share, last year. Earnings from continuing operations came in at 21 cents a share, higher than analyst estimates of 12 cents a share. Sales rose to $1.08 billion, while same-store sales increased 5.2%. For its third quarter, the company expects to earn between 9-13 cents a share and sees fourth-quarter EPS coming in at a range of 87-92 cents, higher than analyst estimates of 84 cents.
Investors sent shares of Williams-Sonoma (NYSE: WSM - News) higher by 10.6% after the retailer said sales at its key brands drove revenue higher. For the second quarter, the company said earnings equaled $26 million, or 23 cents a share, down from $35 million, or 30 cents a share, in the year-ago period. Excluding certain items in both years, the company said EPS slipped to 24 cents from 25 cent last year. The figure easily topped Wall Street estimates calling for EPS of 16 cents. Revenues increased 4.1% to $859.4 million. The gourmet cookware chain said it expects full-year earnings to come in at $1.82-1.90, up from its previous forecast of $1.73-1.81 a share.
Technology firm Seagate Technology (NYSE: STX - News) announced late Tuesday that it sees a higher fiscal first-quarter profit due to increased sales of high-end devices. Excluding one-time items, it expects earnings of 62-66 cents a share, which is above its earlier forecast of 40-44 cents a share. It forecasts sales to come in at $3.15-3.23 billion and sees margins rising to 24% from 20. Shares rose 3.8%.

By the BullMarket.com Staff

Labels: BIG, MO, STX, WSM

Seagate (NYSE: STX):Far from thinking Seagate has bottomed, Cramer said the disk drive company still "has lower written all over it" and would stay away from the entire group in spite of low prices.
J.C. Penney (NYSE: JCP ), Polo Ralph Lauren (NYSE: RL) , Kohl's (NYSE: KSS), United Technologies (NYSE: UTX): Cramer declares JCP a "multiyear story" because of Sephora cosmetics and the private label deal with RL, and would give the retailer the benefit of the doubt in spite of its lackluster quarter. Cramer comments JCP and KSS are stores which make customers feel "they're richer than they are." He predicts JCP will be up to $85 from $81.50. He added UTX has the earnings power to go to $70 from $66.

Labels: JCP, Jim Cramer, Jim Cramer's Stop Trading, KSS, RL, STX, UTX

Symbol
Name
Last Trade
Change
Volume
Related Info
ADLR
ADOLOR CORP
3.68 1:29PM ET
5.04 (57.80%)
18,117,425

GSX
GASCO ENERGY INC
1.93 1:24PM ET
0.46 (19.25%)
3,157,376

HPOL
HARRIS INTERACTIVE
5.12 1:29PM ET
0.99 (16.20%)
1,241,159

CORT
CORCEPT THERAPEUTICS
1.65 1:29PM ET
0.31 (15.82%)
337,125

HCTL
HEALTHCARE TECH LTD
1.47 1:17PM ET
0.18 (10.90%)
118,643

AGEN
ANTIGENICS INC
3.75 1:29PM ET
0.56 (12.99%)
2,181,292

CPBRW
CLEARPOINT BUS WTS
1.10 1:29PM ET
0.15 (12.00%)
4,100

VHI
VALHI INC
17.17 1:25PM ET
2.39 (12.22%)
188,500

KT
KATY IND INC
1.86 1:23PM ET
0.11 (5.58%)
8,100

QFAB
QUAKER FABRIC CP
1.07 1:08PM ET
0.11 (9.32%)
5,917

CIPH
CIPHERGEN BIOSYSTE
1.20 1:26PM ET
0.14 (10.45%)
205,045

IAX
INTL ABSORBENTS INC
3.5318 1:14PM ET
0.2682 (7.06%)
29,200

IMH
IMPAC MTG HLDGS INC
4.65 1:25PM ET
0.45 (8.82%)
1,097,800

AHM
AMER HOME MTG INVT
19.98 1:25PM ET
1.94 (8.85%)
3,149,100

CEGE
CELL GENESYS INC
6.23 1:30PM ET
0.63 (9.18%)
22,348,231

RGR
STURM RUGER AND CO
12.51 1:24PM ET
1.19 (8.69%)
767,000

KAD
ARCADIA RESOURCES
1.35 1:24PM ET
0.13 (8.78%)
142,400

CMRO
COMARCO INC
6.76 12:30PM ET
0.64 (8.65%)
34,910

STX
SEAGATE TECHNOLOGY
21.45 1:25PM ET
2.01 (8.57%)
24,450,300

LBIX
LEADING BRANDS
2.424 1:29PM ET
0.226 (8.53%)
80,399

BPG
BPI ENERGY HLDGS
1.17 1:24PM ET
0.14 (10.69%)
844,600

Labels: ADLR, AGEN, AHM, BPG, CEGE, CIPH, CMRO, CORT, CPBRW, GSX, HPOL, IAX, IMH, KAD, KT, LBIX, QFAB, RGR, STX, VHI

A Second Look at Cigna (NYSE: CI - News)
Although Cramer has not liked Cigna in the past, he is taking another look at the non-pharma health care company because of its serious buyback plan. "Nothing is more reassuring than a company that believes in itself," said Cramer, noting that Cigna bought back 20% of the company since 2004 and is shrinking its number of shares so rapidly, it is "practically going private." Cramer declared, "The single biggest bull market is in the nonpharmaceutical health care sector," and he would buy Cigna.

Volcano (NasdaqGM: VOLC), Boston Scientific (NYSE: BSX - News), Johnson & Johnson (NYSE: JNJ - News), and General Electric (NYSE: GE - News)
A great way to play fears over drug-coated stents is to buy Volcano, a company that makes intravascular ultrasound catheters which examine the inside of arteries, according to Cramer. Although this technology is not new, it has been underused until the recent stent controversy. Volcano's largest rival is BSX, which Cramer calls "the Citigroup of healthcare" and Volcano has partnerships with JNJ and GE.

Beware of Tech: Oracle (NasdaqGS: ORCL), Microsoft (NasdaqGS: MSFT), EMC (NYSE: EMC - News), SanDisk (NasdaqGS: SNDK), Seagate (NYSE: STX - News), Western Digital (NYSE: WDC - News), Komag (NasdaqGS: KOMG), IBM (NYSE: IBM - News), Micron's (NYSE: MU - News), Texas Instruments (NYSE: TXN - News), Intel (NasdaqGS: INTC), Advanced Micro Devices (NYSE: AMD - News), Garmin (NasdaqGS: GRMN), Qualcomm (NasdaqGS: QCOM), Cisco (NasdaqGS: CSCO), Hewlett-Packard (NYSE: HPQ - News), eBay (NasdaqGS: EBAY), Apple (NasdaqGS: AAPL), Yahoo! (NasdaqGS: YHOO) and IAC/InterActive (NasdaqGS: IACI)
Cramer devoted his Sell Block segment to warning investors not to touch tech until summer, with a few notable exceptions. "Don't be bamboozled by hopeful analysts," he said, and added ORCL, MSFT, EMC, SNDK, STX, WDC, and KOMG are not buys right now. Cramer said IBM should not be bought until it has some "breakthrough earnings releases" and urged investors to ignore MU's upgrade and to avoid TXN, INTC and AMD. However, the few tech stocks worth buying now include GRMN, QCOM, CSCO and HPQ, EBAY, AAPL and YHOO. Cramer is removing IACI from his list of buys.
CEO Interview: David Snow, Medco Health Solutions (NYSE: MHS - News)
When Cramer asked David Snow how his company makes money off of drugs that go generic, he replied, "In the case of generics, $50 billion of branded drugs are going off patent between now and 2011. We are going to work very hard to appropriately move people from branded drugs to generic drugs, and we make money doing that." On the topic of Medco's cash flow, David Snow said the %5.5 billion buyback program is up and running, and the company might make a future acquisition. Cramer said Medco is the definition of a buy in the current environment.

Labels: AMD, BSX, CI, CSCO, EMC, GE, HPQ, IACI, IBM, Jim Cramer, JNJ, KOMG, Mad Money, MSFT, QCOM, STX, VOLC, WDC, YHOO

Marvell (MRVL), Broadcom (BRCM), Seagate (STX), Level 3 (LVLT), Blockbuster (BBI), Goldman Sachs (GS): Cramer says that tech is okay for a trade until August, and he likes the wireless chip players because of the iPhone, Xbox and Playstation. Cramer adds that Marvell is 2 down because of its bad quarter, ten up, and mentions that he also likes BRCM and that STX is going higher. Cramer proclaims the death of the bears in speculative plays such as like LVLT, up 5% at $6.26, and Blockbuster, up 2% at $6.78. He predicts that GS, up 3% to $219 will make it to $300.
Marriott (MAR), Starwood (HOT), Hilton (HLT) and Trump (TRMP): Those who don't like hotel stocks "don't do their homework," said Cramer who is bullish on MAR, HOT and HLT, and says he is not afraid of buying TRMP, because it has dropped to $17.
Published by SeekingAlpha

Labels: BBI, BRCM, GS, HLT, HOT, Jim Cramer, LVLT, MAR, MRVL, STX, TRMP

Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
Seagate Tech (NYSE:STX - News) beat earnings Tuesday after the bell, with $0.39 EPS over an expected $0.32 EPS. STX's PowerRating is 6.
Citrix Systems (NASDAQ:CTXS - News) beat earnings on Tuesday afternoon, announcing $0.39 EPS over an estimated $0.38 EPS. CTXS's PowerRating is 4.
Integrated Device Technology (NASDAQ:IDTI - News) missed earnings Tuesday afternoon; analysts were looking for $0.28 EPS, but IDTI announced $0.25 EPS. IDTI's PowerRating is 4.
Allegheny Tech (NYSE:ATI - News) reports earnings on Wednesday morning before the open, with analysts looking for $1.61 EPS. ATI's PowerRating is 4.
ConocoPhillips (NYSE:COP - News) announces quarterly earnings on Wednesday morning; watch for $1.97 EPS. COP's PowerRating is 5.
Norfolk Southern (NYSE:NSC - News) should report $0.96 EPS on Wednesday before the bell. NSC's PowerRating is 5.
Analysts are watching for McDonald's (NYSE:MCD - News) to report $0.61 EPS early Wednesday. MCD's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: ATI, COP, CTXS, Hot Stocks, IDTI, MCD, NSC, STX

Seagate (NYSE: STX - News), Hewlett-Packard (NYSE: HPQ - News), Microsoft (NASDAQ: MSFT - News), Dell (NASDAQ: DELL - News): In spite of a Goldman Sach's techwide downgrade, Cramer would buy STX and HPQ because the debut of Microsoft's Vista will be a catalyst for the entire sector, even lackluster stocks such as DELL. "PCs will be in everybody's face the next three weeks," and Cramer believes that HPQ and STX will be the "prime beneficiary of the need for Vista memory."
Polo Ralph Lauren (NYSE: RL - News), Fortune Brands (NYSE: FO - News), Johnson Controls (NYSE: JCI - News): Non-tech stocks Cramer likes include RL for its "bulletproof" clothing brand, FO for its liquor and home improvement, and JCI for its controls business.
Published By SeekingAlpha

Labels: DELL, FO, HPQ, JCI, Jim Cramer, Jim Cramer's Stop Trading, MSFT, RL, STX