Jim Cramer Blog

InterContinental Exchange's price had risen dramatically since Cramer recommended the stock on "Mad Money," but has since returned to previous levels, Cramer said. Neither stock has responded favorably to today's news that the CME, which operates the Chicago Mercantile Exchange and the Chicago Board of Trade, is in talks to buy ICE. "What is the ICE doing down?" Cramer asked.
Cramer also believes the economy is not headed for a recession. He named earnings calls from Honeywell (HON), Caterpillar (CAT), Parker Hannifin (PH) and others as signs of the market's health.
Cramer also noted that the KBW Bank Index and the PHLX Housing Sector Index are rallying because of the rate cuts.
In spite of the positive news, Cramer said he believes more action is needed. Given "the losses that we saw for the quarterlies from a Bank of America (BAC) or a Wachovia (WB) ... I genuinely feel that we are too close to the precipice to stop.
"That doesn't mean that a Honeywell isn't doing fine without it," Cramer cautioned. "It's like 1998, when the economy was booming. ... We had to stop the decline [in the financials] ."
Cramer believes the bank woes may remain independent of the broader economy. "The problems are not with IBM (IBM) or Verizon (VZ) ... AT&T (T ) ... Nokia (NOK) ... Microsoft (MSFT)."
Cramer added that the Federal Reserve's 75-basis-point rate cut last week was helpful. "You needed that cut to be able to raise all that money last week." However, the crisis isn't over. "Home price appreciation is nonexistent. ... We saw that number today. ... The oil futures are saying no recession. I think the Fed cuts are needed again."
Published By TheStreet.com

Labels: BAC, CAT, HON, IBM, ICE, Jim Cramer, MSFT, NOK, PH, Stop Trading, T, VZ, WB

Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
Cooper Cos (NYSE:COO - News) missed earnings estimates on Tuesday, announcing $0.54 EPS versus expectations of $0.68 EPS. COO's PowerRating (for Traders) is 5.
Learning Tree (NasdaqGM:LTRE - News) beat earnings expectations on Tuesday afternoon with $0.48 EPS over an estimated $0.22 EPS. LTRE's PowerRating (for Traders) is 7.
PLATO Learning (NasdaqGM:TUTR - News) also missed earnings, with -$0.13 EPS versus -$0.09 EPS. TUTR does not have a PowerRating (for Traders) due to volume constraints.
AT&T (NYSE:T - News) rallied over 6% after announcing a 13% dividend increase and a $15.2 billion buy back program. T's PowerRating (for Traders) is 4.
On Wednesday afternoon, ADC Telecom (NasdaqGS:ADCT - News) is expected to report $0.22 EPS. ADCT's PowerRating (for Traders) is 4.
CKE Restaurants (NYSE:CKR - News) reports earnings on Wednesday afternoon, with traders looking for $0.13 EPS. CKR's PowerRating (for Traders) is 3.
When Martek Biosciences (NasdaqGS:MATK - News) reports earnings tomorrow after the market closes, watch for $0.20 EPS. MATK's PowerRating (for Traders) is 5.

Labels: ADCT, CKR, COO, Hot Stocks, LTRE, MATK, T, TUTR

Bullish
Indevus Pharmaceuticals (IDEV): I recommended this as a speculative play.
Nastech Pharmaceutical (NSTK)
Great Lakes Dredge & Dock (GLDD): I recommended this
Foster Wheeler (FWLT) than I would be in GLDD
Halliburton (HAL): If you're looking for a stock to keep you afloat, it can't be Haliburton.
AT&T (T)- Stock that has a dividend.
Verizon (VZ)
ConEd (ED). Any one of those is better than Halliburton
GameStop (GME): Cramer was hoping we would get a chance to buy it at $56, but it's not gonna go there.
Transocean (RIG), Diamond Offshore (DO), China Digital (STV), McDonald's (MCD), Yum! Brands (YUM), Intel (INTC) and ConocoPhillips (COP).

Bearish
Great Lakes Dredge & Dock (GLDD)- would rather be in Foster Wheeler (FWLT)
InterDigital (IDCC)- ixnay on InterDigitalnay.

Labels: ED, FWLT, GLDD, GME, HAL, IDEV, Jim Cramer, Lightning Round, Mad Money, NSTK, RIG, T, VZ

HMS Holdings (NasdaqGS: HMSY - News): 'We've always liked this. This is one of those companies ... that do cost control for medical.'MedcoHealth Solutions (NYSE: MHS - News)Cardinal Health (NYSE: CAH - News)AT&T (NYSE: T - News)EMC (NYSE: EMC - News): 'I think that EMC is a better way to play VMware right now.'Intuitive Surgical (NasdaqGS: ISRG - News): Freeport-McMoran (NYSE: FCX - News): 'This is a gold company and a copper company in a deflationary spiral mandated by the Federal Reserve. ... Am I backing away from it? No. ... I will say bull to Freeport.'First Solar (NasdaqGM: FSLR - News)Exelon (NYSE: EXC - News): 'Well-run ... can do well. ... I say two thumbs up to Excelon/'Hawaiian Electric (NYSE: HE - News): 'I like the utilities here. This one's got a very high yield. It's in a growth market. ... I stick with Hawaiian Electric.'
Bearish calls:
J.C. Penney (NYSE: JCP - News): 'I have been doing some work on J.C. Penney. 52-week low ... retail very hard to own ... I like to wait and see the quarter.'Posco (NYSE: PKX - News): 'It's not a House of Pain anymore. It's literally a Nation of Pain ... Don'tBuy, because it can go lower.'One National Banc (NYSE: ONB - News): 'Every bank is for sale here. ... I cannot recommend a bank on this show. I can't because I like other sectors so much more. Don'tBuy Don'tBuy Don'tBuy.'BHP Billiton (NYSE: BHP - News): ' I am not going to walk away from these, but you have to understand, these stocks are in the crosshairs of the Fed, and they are going to go down.'Fuel-Tech (NasdaqGM: FTEK - News): ' ... is so speculative in this environment.'Downey Financial (NYSE: DSL - News): 'Downey is a stock that will fly up 20 points when the Fed decides to blink. ... I think Downey's book value is pretty clean. I am surprised it got down to $47. I can't back away here.'VMware (NYSE: VMW - News): '$60 is my target, and we're already up another $7 today.'Accuray (NasdaqGM: ARAY - News): 'Accuray, frankly, is not a stock that I can pull the trigger on.'Akamai (NasdaqGS: AKAM - News): 'We know that Akamai's the wrong thing.'
Published by SeekingAlpha

Labels: ARAY, BHP, CAH, DSL, EMC, EXC, FCX, FSLR, FTEK, HE, HMSY, ISRG, JCP, Jim Cramer, Lightning Round, MHS, ONB, PKX, T, VMW

AT&T Inc. posted a 61 percent increase in second-quarter earnings on Tuesday, lifted primarily by its buyout of BellSouth Corp. but also aided by gains in wireless subscribers and revenue.

AT&T, the nation's largest provider of broadband Internet and land and wireless phone services, said net income rose to $2.9 billion, or 47 cents per share, from $1.81 billion, or 46 cents per share in the prior year's quarter. Wireless subscribers rose by 1.5 million to 63.7 million, AT&T said.
A fraction of that growth during the quarter was driven by the introduction of Apple Inc.'s iPhone, for which AT&T is the exclusive carrier. The device, which combines phone, media player and Web-surfing capabilities, went on sale less than two days before the end of the quarter, but in that time, 146,000 iPhones were activated, AT&T said.

Labels: AAPL, Apple Inc., AT and T Inc., T

Symantec (SYMC): "Can't recommend it, frankly." Cramer said to swap out of Symantec and into Oracle (ORCL).
Reliance Steel (RS): "Everybody's decided that all the steel stocks have to be SoldSoldSold. ... What Cramer's telling you is to pull the trigger on this weakness after that great quarter. Pretty simple."
Hercules Offshore (HERO): "The reason that it's not kept pace with the group is that it's shallow drilling. ... I cannot get behind that one." Cramer recommended instead deepwater drillers Transocean (RIG) and GlobalSantaFe (GSF).
"Goldman Sachs (GS) is challenged not as a company. ... I'm staying pat with Goldman Sachs for Action Alerts PLUS, my charitable trust." For dividend-paying stocks, Cramer recommended the following: the dry-bulk carriers; Consolidated Edison (ED), for a conservative dividend play; Altria (MO), for more risk; and AT&T (T), on a pullback. He also owns Altria for Action Alerts PLUS.
Flotek Industries (FTK): "I think Flotek is one of the kind of stocks ... that fits into my RIG and GlobalSantaFe thesis. ... This group is so in bull market mode, it is taking up everything!"
Brookfield Asset Management (BAM): "People have been dissin' it," Cramer said, but it depends on your time frame. CEO J. Bruce Flatt "is a great, great investor, and BAM ... should be bought here. I think people dissin' BAM are gonna have to face the music."
AT&T (T): "Reports this week, and I'm not concerned about the quarter." Cramer said that with a buyback or a dividend boost, "this stock goes to $42." But otherwise, he said, it stays where it is. "It's just not that exciting."
Valmont Industries (VMI): "I have been talking about this bull market in lighting, and it's really working here." Cramer said Valmont is at the crux of the agriculture, industrial and infrastructure bull markets. "It's a winner. I would stick with Valmont."
Published By TheStreet.com

Labels: BAM, ED, FTK, GS, GSF, HERO, Jim Cramer, Lightning Round, Mad Money, MO, ORCL, RIG, RS, SYMC, T, VMI

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
American Express (NYSE:AXP - News) beat earnings expectations, announcing $0.88 EPS versus expectations of $0.86 EPS. AXP's PowerRating is 6.
AT&T (NYSE:T - News) reports quarterly earnings on Tuesday before the market opens; look for $0.66 EPS. T's PowerRating is 6.
Commerce Bancorp (NYSE:CBH - News) announces earnings early Tuesday, with analysts watching for $0.40 EPS. CBH's PowerRating is 7.
When DuPont (NYSE:DD - News) reports earnings on Tuesday before the bell, look for $1.06 EPS. DD's PowerRating is 5.
Analysts are watching for Jetblue (NasdaqGS:JBLU - News) to report $0.11 EPS tomorrow morning. JBLU's PowerRating is 5.
Lockheed Martin (NYSE:LMT - News) should report $1.53 EPS on Tuesday morning before the stock market opens. LMT's PowerRating is 5.
Northrop Grumman (NYSE:NOC - News) is looking to announce $1.23 EPS on Tuesday morning. NOC's PowerRating is 5.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: AXP, CBH, DD, Hot Stocks, JBLU, LMT, NOC, T

All the major market averages surged out of the gate to open the third quarter today. Stocks rose as M&A continued to drive the markets and economic data pointed to a strong manufacturing sector. Oil started the session lower, but finished with a 41-cent gain to end at $71.09. Treasury prices rallied sending the yield on the benchmark 10-year note to under 5% for the first time in more than a month.
On the economic front today, the Institute of Supply Managers said growth accelerated in June. The ISM index rose to 56 for the month of June, up from 55 in May. The increase in the index was boosted by a rise in new orders and increased production. Any reading above 50 marks expansion in the manufacturing sector.
In company news, shares of Trump Entertainment (Nasdaq: TRMP) slid -16.6% on the day after the company came out and announced that negotiations to sell itself has ended in no transaction. The operator and owner of hotels and casinos in Atlantic City had been trying to sell itself for the past several months, but a large debt load contributed to the sale process ending.
Charles Schwab (Nasdaq: SCHW) rose 7.2% on the session after the company announced plans for a $3.5 billion capital restructuring that includes a large share buyback and also a special dividend. Meanwhile, The Carlyle Group agreed to take nursing home and assisted living operator Manor Care (NYSE: HCR) private in a $6.3 billion deal. The all-cash deal represents a 20% premium on its shares from its closing price on Friday.
In other merger related news, Dobson Communications Corporation (Nasdaq: DCEL) rose 11.8% after telecom giant AT&T (NYSE: T) agreed to buy the rural wireless company for $2.8 billion in cash. The deal will give AT&T access to all of Dobson's 1.7 million customers. Keeping on the telecommunications theme, Canada's largest telecom group BCE Inc. agreed to be taken private by a consortium of investors led by private equity group Dearborn Madison Partners, LLC, Providence Equity Partners, and Ontario's Teachers Pension Plan. The price tag on the deal is valued at $48.5 billion. The deal carries a premium of 7% from Friday's closing price.
Hedge Fund Och-Ziff Capital announced plans for an initial public offering. The multi-strategy investment fund with over $26.8 billion under management said it would offer up to $2 billion worth of Class A shares to the public. Och-Ziff is the latest in a string of private funds to raise capital via a public markets.
By the BullMarket.com Staff

Labels: DCEL, HCR, SCHW, T, TRMP

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
In the last 3 trading days, Baidu.com (NasdaqGM:BIDU) has risen over 13%. BIDU's PowerRating (for Traders) is 1.
Apple (NasdaqGS:AAPL) released the much-anticipated iPhone on Friday to an onslaught of national media attention. No major disruptions were reported, save some difficulties in getting AT&T (NYSE:T) service up and running. AT&T is also in the news after announcing plans to buy Dobson Communications (NasdaqGS:DCEL) for $2.8 billion. AAPL's PowerRating (for Traders) is 6, T's PowerRating (for Traders) is 4 and DCEL's PowerRating (for Traders) is 3.
Manor Care (NYSE:HCR) announced finalizing plans to be bought by the Carlyle Group for $6.3 billion. HCR's PowerRating (for Traders) is 5.
Bear Stearns (NYSE:BSC) on Friday sent a letter to investors, explaining they will have to wait until as late as July 16 to find out the true amount of losses from the recent subprime blowout. BSC's PowerRating (for Traders) is 4.
Research In Motion (NasdaqGS:RIMM) rose 7% on Monday, after a +20% day Friday following exceptional earnings. RIMM's PowerRating (for Traders) is 2.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: AAPL, BIDU, BSC, DCEL, HCR, Hot Stocks, RIMM, T

Apple (NasdaqGS: AAPL), AT & T (NYSE: T)
Cramer would play the iPhone by selling Apple on the way up and buying it on the way down, but however one buys, "it's all a big blip and you should just own it," he said. Apple's story its product pipeline; "When they bring out new products, there's a big run-up, and when the actual product comes out, there's a selloff." Since AT &T expects an iPhone scarcity, Cramer expects a significant upside, and he doesn't see a top coming until supply surpasses demand. Rumors Apple will make new films for iTunes at a mere $2.99 per clip is "worthless" news, said Cramer. "These kinds of things don't matter," he said. "It has no earnings per share impact, so forget about it. It's noise."

Labels: AAPL, Jim Cramer, T, Wall Street Confidential

CEO Interview: Ivan Seidenberg, Verizon (NYSE: VZ ), AT&T (NYSE: T)
Although everyone is talking about Apple's iPhone , Cramer says Verizon's CEO Ivan Seidenberg is "money," and predicts VZ will be able to hold its own against rival AT & T amid iPhone hype. Seidenberg commented Verizon has "the most advanced network" and a full range of new products, including handsets for music downloads and mobile TV products. After the buzz surrounding the iPhone dies down, customers will want "flexibility and breadth of choice," added Seidenberg. He said the company is concentrating on getting its stock up, and has seen substantial success in its wireless and fiber optic units. When Cramer asked if VZ would buy a TV network, Seidenberg responded he would "never say never" but added the company doesn't need to make such a purchase.

Idyllic Drugs: Acadia Pharmaceuticals (NasdaqGM: ACAD)
Cramer says it is time to buy this speculative drug stock, which is coming out with two drugs for schizophrenia and one for Parkinson's. While Cramer does not recommend buying ACAD on strength of its products but on the data that will come out, he adds, "If any of these drugs pan out, you have struck gold." He would invest in the company before its drugs are approved. One schizophrenia drug's Phase II results should bring the stock higher, success for the Parkinson's drug will make it a $709-million-a-year drug, and Acadia's ACP-104 is perhaps the strongest. "It's bottoming now in anticipation of the forthcoming data. I want you in for the ride up. This is a trade, not an investment," Cramer advised.
A Real Steel: Barnes Group (NYSE: B)
Cramer says this metals company is a "steal" and should benefit from the aerospace sector which is "running hot" and trucking, which is healthy, based on Cummins numbers. While Cramer admits he missed the company's bottom, this "under the radar" stock should have more upside as it attracts attention and more coverage from analysts.
Published By SeekingAlpha

Labels: ACAD, B, Jim Cramer, Mad Money, T, VZ

Verizon (NYSE: VZ), AT&T (NYSE: T), Comcast (NasdaqGS: CMCSA): Cramer likes companies VZ, T, CMCSA which offer triple-play packages of broadband internet, TV and phone service. He encouraged investors to see the three companies as winners, rather than assuming there had to be a "loser" stock.
Time Warner (NYSE: TWX): Although TWX CEO Dick Parson's initially resisted Carl Icahn's influence, Cramer praised Parsons for listening to Icahn and suggests Motorola's CEO Ed Zander follow Parson's example. Cramer added TWX is undervalued and is a buy if it sells off its magazines.
Discovery Communications (NasdaqGS: DISCA): Cramer praised DISCA's CEO David Zaslav for focusing on core businesses such as the Discovery Channel and the Learning Channel.

Labels: DISCA, Jim Cramer, Jim Cramer's Stop Trading, T, TWX, VZ

Here are 7 stocks for traders for Tuesday:
Everest Re (NYSE:RE - News) beat earnings on Monday, announcing $4.13 EPS over an expected $3.07 EPS. RE's PowerRating is 5.

Amgen (NasdaqGS:AMGN - News) matched earnings on Monday after the close with $1.08 EPS, but disappointed on revenue. AMGN's PowerRating is 3.
AT&T (NYSE:T - News) announces earnings on Tuesday before the bell; watch for $0.61 EPS. T's PowerRating is 5.
Brinker (NYSE:EAT - News) is set to announce $0.48 EPS on Tuesday before the market opens. EAT's PowerRating is 6.
When Jetblue Airways (NasdaqGS:JBLU - News) reports earnings on Tuesday morning, analysts will be watching for -$0.19 EPS. JBLU's PowerRating is 5.
Watch for Lockheed Martin (NYSE:LMT - News) to report $1.37 EPS before the market opens on Tuesday. LMT's PowerRating is 5.
Analysts expect U.S. Steel (NYSE:X - News) to report $1.88 EPS on Tuesday morning.
PowerRatings are courtesy of PowerRatings.net

Labels: AMGN, EAT, Hot Stocks, JBLU, LMT, RE, T, X

Symbol
Name
Last Trade
Change
Volume
Related Info
FDC
FIRST DATA CP
32.45 4:00PM ET
5.55 (20.63%)
118,675,759
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
43.59 4:00PM ET
0.06 (0.14%)
89,630,085
Chart, Profile, More
SUNW
SUN MICROSYS INC
5.80 4:01PM ET
0.21 (3.49%)
88,311,934
Chart, Profile, More
SPY
S&P DEP RECEIPTS
142.16 4:15PM ET
0.16 (0.11%)
79,454,680
Chart, Profile, More
INTC
INTEL CP
19.13 4:00PM ET
0.00 (0.00%)
54,267,810
Chart, Profile, More
KFT
KRAFT FOODS INC
30.85 4:00PM ET
0.81 (2.56%)
50,140,924
Chart, Profile, More
F
FORD MOTOR CO
8.09 4:00PM ET
0.20 (2.53%)
44,145,536
Chart, Profile, More
DNDN
DENDREON CORP
14.30 4:00PM ET
1.37 (10.60%)
43,741,541
Chart, Profile, More
MSFT
MICROSOFT CP
27.74 4:01PM ET
0.13 (0.47%)
41,977,553
Chart, Profile, More
SIRI
SIRIUS SATELLITE R
3.15 4:00PM ET
0.05 (1.56%)
39,280,579
Chart, Profile, More
T
AT&T INC.
39.46 4:00PM ET
0.03 (0.08%)
39,047,072
Chart, Profile, More
MOT
MOTOROLA INC
17.56 4:00PM ET
0.11 (0.62%)
36,827,147
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
79.75 4:15PM ET
0.24 (0.30%)
36,559,000
Chart, Profile, More
CSCO
CISCO SYS INC
25.40 4:00PM ET
0.13 (0.51%)
33,531,852
Chart, Profile, More
HAL
HALLIBURTON CO
32.27 4:00PM ET
0.53 (1.67%)
32,974,720
Chart, Profile, More
EMC
E M C CP
14.09 4:01PM ET
0.24 (1.73%)
31,322,734
Chart, Profile, More
PFE
PFIZER INC
25.34 4:00PM ET
0.08 (0.32%)
30,234,224
Chart, Profile, More
TWX
TIME WARNER INC
20.07 4:00PM ET
0.35 (1.77%)
26,781,864
Chart, Profile, More
AMAT
APPLIED MATERIALS
18.36 4:00PM ET
0.04 (0.22%)
25,500,357
Chart, Profile, More
COF
CAPITAL ONE FINANCIA
73.57 4:01PM ET
1.89 (2.50%)
25,366,605
Chart, Profile, More

Labels: AMAT, COF, CSCO, DNDN, EMC, F, FDC, HAL, INTC, IWM, KFT, MOT, MSFT, pfe, QQQQ, SIRI, SPY, SUNW, T, TWX

Cingular Wireless, the mobile unit of AT&T Inc. (NYSE:T - News), has received about 1 million inquiries about Apple Inc.'s (NasdaqGS:AAPL - News) upcoming iPhone, AT&T Chief Operating Officer Randall Stephenson said on Tuesday.
Cingular, the largest U.S. wireless service being rebranded as AT&T, will be the first to sell the music-playing iPhone when Apple, the maker of the popular iPod music player, begins shipments in June.
While Cingular is not taking advance orders for the iPhone, it set up a section on its Web site inviting visitors to leave their e-mail addresses to receive information about the phone when it is released.
"One million people have asked us to call when this phone is available," Stephenson said in his keynote speech at the CTIA wireless technology conference.

Labels: AAPL, Apple Inc., AT and T Inc., iPhone, T

A Good Call: AT&T (NYSE: T - News), Verizon (NYSE: VZ - News), Sprint Nextel (NYSE: S - News) and Qwest (NYSE: Q - News)
Four companies are poised to become the candidate for the government's largest ever telecommunications contract, Networks Universal, and Cramer believes this contract is significant if it will "move the needle." He comments T and VZ are already so large that even though the deal will mean $68 billion over the next 10 years, it shouldn't move these stocks more than 50 or 60 cents upward. Sprint would be a likely candidate, but although the company reported a good quarter, things look less rosy for Motorola, Sprint's supplier. This leaves Qwest; "I think you'll see a gigantic move, as the permanence of Q is no longer in doubt," said Cramer. Even if Q doesn't get the deal, it is in the "fast-growing part of the country" and may be a takeover target. Cramer would do a mon' back!
Water the Odds? Pico Holdings (NasdaqGM: PICO)
A student at the University of Texas gave Cramer the idea to look at water stocks, and while he is not hitting the bull button yet, Cramer suggests doing homework on PICO, a small speculative play. While Cramer is not thrilled with the water utility market, he likes the fact that PICO sells its water at a premium and has a 35 mile water pipeline under construction. While only one analyst is covering the stock, but Cramer says, "Water is becoming too hot for it to stay under the radar." He urges investors who have done their homework to use limit orders when buying PICO.
Sell Block: Blockbuster (NYSE: BBI - News), GSI Commerce Inc. (NasdaqGS: GSIC), Motorola (NYSE: MOT - News), Nokia (NYSE: NOK - News)
Although Cramer has been bullish on BBI, he was essentially bullish on CEO John Antioco, and would sell the stock on the announcement of Antioco's departure, because "he was the one who gave us our double in the stock" and "exceeded handily" his promises. Although some are critical of Antioco's long-term performance, Cramer pointed out that he saved BBI from Netflix, and he would take gains in the stock now. Cramer notes GSIC is up 28% since his December recommendation, and he would do a schnitzel (sell the gains) on its large increase. Cramer then discussed the "unbelievable Barnum and Bailey stuff" that occurred when some "joker" of an analyst suggested buying Nokia after Motorola cut guidance. "What's bad for MOT is going to be bad for NOK," said Cramer, because MOK's problem is an indication of an industry-wide problem.

CEO Interview: Angelo Mozilo, Countrywide Financial (NYSE: CFC - News)
When Cramer asked why CFC stopped giving out "bad loans" at a time everyone was doing it, Angelo Mozilo said he was talking about problems with loan quality and margins at New Century and Ameriquest a year ago. The companies had a bad business model, Mozilo continued, stating there will be consequences for minority and first-time prospective homeowners because of disappearing liquidity, and this trend will impact the housing market. However, he added the subprime mess has cleared the field of many of CFC's competitors, and the company will be in a dominant position at the end of this painful subprime ride. Cramer commented its time to pick up survivors like CFC ahead of a Fed rate cut in May. Cramer aimed to reassure viewers about Muzilo's stock-selling; "He's an older fellow... It's time for him to do a little insider selling... and I would start doing some outsider buying!"
Published By SeekingAlpha

Labels: BBI, CFC, GSIC, Jim Cramer, Mad Money, MOT, NOK, PICO, Q, S, T, VZ

Citigroup Inc. made a higher offer for Nikko Cordial, and its shares suffered the biggest fall midday Tuesday on the Dow Jones Industrial Average.
The 30-stock index lost 70.18 to 12,248.44.
Citigroup offered as much as $14.40 per share, or $13.35 billion, for the Japanese brokerage. Its previous offer was $11.44 per share. The stock dropped 66 cents to $49.70 on the New York Stock Exchange.
Shares of JP Morgan Chase & Co. gave up 63 cents to $48.21 on the NYSE.
Wal-Mart Stores Inc. dipped after the U.S. Commerce Department's disappointing February sales report. Sales at the nation's retailers were up 0.1 percent for the month, less than analysts expected. Wal-Mart shares lost 59 cents to $46.67 on the Big Board.
On the positive side, AT&T Inc. edged up 21 cents to $37.27 on the NYSE.
Exxon Mobil Corp. looked to reverse course from two straight losing days, gaining 48 cents to $71.35 on the NYSE.
3M Co. continued to rise, with shares adding 24 cents to $75.41 on the NYSE after a gain of 44 cents on Monday.
Source:AP

Labels: C, JPM, T, WMT, XOM

Stocks partially rebounded from a spate of Friday afternoon profit taking to finish mixed. A government employment report that came in as expected and a drop in the U.S. trade deficit helped give traders some confidence in the economy going forward. The 10-year Treasury note and crude oil futures both dropped sharply. The yield on the 10-year note rose to 4.59%, while crude slipped to just above $60 a barrel.
The Labor Department reported the unemployment rate fell from 4.6% to 4.5% in February as U.S. employers added 97,000 non-farm workers. A drop in construction jobs was offset by gains in the services sector. Average hourly earnings rose 6 cents to $17.16. The employment numbers were in line with expectations. The Commerce Department, meanwhile, reported that the January U.S. trade deficit narrowed by -3.8% to $59.1 billion.
In today's market action, Yahoo (Nasdaq: YHOO - News) dropped -5% on a report in The Wall Street Journal that the company might lose a long-standing contract with AT&T (NYSE: T - News). Subscribers can read our take on the Journal article and the market's reaction to it in today's issue. National Semiconductor (NYSE: NSM - News) was one of the day's better performers after it raised its full-year guidance, despite the fact that it reported a -45% drop in earnings. The maker of analog chips cited improved bookings for its increased outlook. For the quarter ended February 25th, the company reported profits of $71.5 million, or 22 cents a share, down from $130 million, or 37 cents a share, a year earlier. Revenue dropped to $431 million, well below last year's $548 million.
In other earnings-related news, homebuilder Hovnanian Enterprises (NYSE: HOV - News) dropped -4% after the company reported a FQ1 loss and cut its full fiscal year target. The company lost -$57 million, or -91 cents per share, for the quarter ended January 31st. The loss was less than the company had forecast, but it nonetheless reduced its full-year earnings target to $1.10-1.50 per share from earlier guidance of $1.50-2.00 a share.
Amgen (Nasdaq: AMGN - News) slid -2% to a 52-week low after the Food & Drug Administration announced new label warnings for the company's top-selling anemia treatments Arenesp and Epogen. The new warnings will note an increased risk of death, heart trauma, blood clots, and tumor growth when used at higher-than-recommended doses. The warning also applies to Procrit from Johnson & Johnson (NYSE: JNJ - News), but that stock finished modestly higher.
Shares of wireless Internet provider Clearwire (Nasdaq: CLWR - News) sank -10% on their second day of trading following its IPO Wednesday. Intel (Nasdaq: INTC - News) and Motorola (NYSE: MOT - News), which are significant investors in the company founded by cable mogul Craig McCaw, were also slightly lower today.
In the transportation sector, package-delivery giant FedEx (NYSE: FDX - News) was upgraded to a "buy" by Stifel Nicolaus. The firm also cut its rating on C.H. Robinson (Nasdaq: CHRW - News) to "sell." Robinson, a logistics company that coordinates global shipping through other freight-haulers, lost -5% today. Stifel Nicolaus said the stock was overvalued and that the company faces challenges to maintaining margins and growing its business.
By the BullMarket.com Staff

Labels: AMGN, CHRW, CLWR, FDX, HOV, INTC, JNJ, MOT, NSM, T, YHOO

Here are 7 stocks for traders for Monday from TradingMarkets.com:
Yahoo (NasdaqGS:YHOO - News) and AT&T (NYSE:T - News) should remain in focus next week, after reports that AT&T wants to scale back contractual agreements, which would affect Yahoo's yearly revenue of around $200 million stemming from deals with the telecom giant. YHOO's PowerRating is 7, and T's PowerRating is 5.
Cogent Communications (NasdaqGM:CCOI - News) announces earnings on Monday morning before the bell, with analysts looking for -$0.24 EPS. CCOI's PowerRating is 3.
Suntech Power (NYSE:STP - News) announces earnings Monday before the open; watch for $0.19 EPS. STP's PowerRat