Jim Cramer Blog

True Value: Aircastle (NYSE: AYR - News) Genesis Lease (NYSE: GLS - News)
Cramer suggested buying value stocks in the wake of the selloff. He defines a value stock as one which is down 20% from its 52-week high and pays a minimum of 3% in dividends. Such stocks are cheap because hedge fund managers have recently been forced to sell "good companies with broken stocks." A high dividend stock should do well if the Fed continues to cut rates. Cramer's first value pick was AYR, which owns and leases jets and was sold off in June by investors worried about the credit crisis. Cramer notes the COO has bought 2,000 shares and comments insiders "only buy for one reason: They think their company's stock is going up."He also suggested value play GLS, which is down 15% since Cramer recommended it, but has $1.2 billion in capital and a dividend at 8.2%.
EMC (NYSE: EMC - News), VMware (NYSE: VMW - News)
Cramer also touted momentum stocks as a way of dealing with the current economic climate, and recommended looking at the new high list. He predicted a significant upside for EMC, up just 3% after it spun off VMW, a stock that has risen to $70 from its initial public offering of $19. He added EMC trades at only 11 times next year's earnings, but recommended waiting for a bit before buying.

Sell Block: Boeing (NYSE: BA - News), ConocoPhillips (NYSE: COP - News), Terex (NYSE: TEX - News), Caterpillar (NYSE: CAT - News), Air Product & Chemicals (NYSE: APD - News), Energizer Holdings (NYSE: ENR - News), XTO Energy (NYSE: XTO - News)
Cramer revisited his $80 to $120 stocks he covered in July, admitting that he "misjudged the market" now that the S & P is down 4.5%. He still likes BA, down 3.3% since his recommendation, as well as COP, TEX and CAT. Cramer says APD has pricing power, given the paucity of chemical companies, ENR is good but a bit expensive and prefers XTO to other energy companies.
Mad Mail: Omniture (NasdaqGM: OMTR - News), Apple (NasdaqGS: AAPL - News), Countrywide Financial (NYSE: CFC - News), Bank of America (NYSE: BAC - News), Crocs (NasdaqGS: CROX - News)
Cramer predicts OMTR is going to $30 and says Apple is "going to be terrific." The CFC "play is over" and the curtain is rising for BAC. He feels Crocs is "on a mission" and recommends listening to the conference call.
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Labels: AAPL, APD, AYR, BA, BAC, CAT, CFC, COP, CROX, EMC, ENR, GLS, Jim Cramer, Mad Money, OMTR, TEX, VMW, XTO

Bullish calls:
Total System (NYSE: TSS - News): 'I think Total System is worth much more than $27.'Crocs (NasdaqGS: CROX - News): 'will always keep some Crocs on hand ... I like the stock. It's had a nice pullback. It's having a nice quarter. ... I want to reiterate that Crocs is still in the growth phase. I'm not abandoning the story.'Nastech Pharmaceutical (NasdaqGM: NSTK - News): 'That's the one you want to be in.'Eagle Bulk Shipping (NasdaqGS: EGLE - News)General Maritime (NYSE: GMR - News): ' ... you know I like Gen-Mar.'Apple (NasdaqGS: AAPL - News): 'I think Apple's come back enough. I like it. It's one of my four horsemen. I know it's been crushed.'Terex (NYSE: TEX - News): 'Terex is an inexpensive company that over the next few months is going to go up big.'BioMarin Pharmaceutical (NasdaqGM: BMRN - News): 'That company is smoking. All the tests are good.'International Game Technology (NYSE: IGT - News): 'The way to play the big casinos. ... Great buybacks ... smart management. ... I think I'm gonna be right. I'm buying IGT. I'm sticking with IGT.'
Bearish calls:
QLogic (NasdaqGS: QLGC - News): 'They missed the quarter. We have so many tech stocks we like that are reporting great numbers. We do not need to go down the QLogic path.'Cepheid (NasdaqGM: CPHD - News): 'I still think the stock is too high. I want to ring the register.'Acadia Pharmaceuticals (NasdaqGM: ACAD - News)Knight Transportation (NYSE: KNX - News)WMS Industries (NYSE: WMS - News): 'I don't want you in that. It's not best of breed.'
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Labels: AAPL, ACAD, BMRN, CPHD, CROX, EGLE, GMR, IGT, Jim Cramer, KNX, Lightning Round, NSTK, QLGC, TEX, TSS, WMS

Next Week's Game Plan: Coke (NYSE: KO - News), Intel (NasdaqGS: INTC - News), United Technologies (NYSE: UTX - News), Freeport McMoRan Copper & Gold (NYSE: FCX - News), Honeywell (NYSE: HON - News), Johnson Controls (NYSE: JCI - News), Caterpillar (NYSE: CAT - News), Schlumberger (NYSE: SLB - News), Merrill Lynch (NYSE: MER - News), Wells Fargo (NYSE: WFC - News), JPMorgan Chase (NYSE: JPM - News), Bank of America (NYSE: BAC - News) and Citigroup (NYSE: C - News)
Cramer expects better-than-expected earnings from the following companies, and would buy before their reports next week: KO, INTC, UTX, FCX, HON, JCI, CAT and SLB. Since banks are "on a mission to show that there is no slowdown" and are likely to raise their dividends and buy back stock, Cramer would buy MER, WFC, JPM, BAC and C prior to their earnings reports.
That 80s Show: Boeing (NYSE: BA - News), Caterpillar (NYSE: CAT - News), ConocoPhillips (NYSE: COP - News), Energizer (NYSE: ENR - News), Air Products & Chemicals (NYSE: APD - News), Apache (NYSE: APA - News), Terex (NYSE: TEX - News)
"I've discovered alchemy," declared Cramer, noting the six stocks (BA, CAT, COP, ENR, APD and APA) he has discussed this week in connection with his theory (that stocks at $80 go to $100 and then to $120) are up an average of 5.2%. On Friday, Cramer added TEX to the list, since it is around $80 and will benefit from the "wild bull market" of infrastructure and machinery. He doesn't regard CAT as a rival, since "Terex's bread and butter is in aerial work platforms" which are not produced by CAT. He is not worried about competition from Manitowoc in the crane business.
Incredibly Risky Play: GeoEye (NasdaqGM: GEOY - News)
Cramer recommended GEOY as an "incredibly risky play" which is not for IRA money, but could have a major upside. Although it is the biggest commerical satellite company, GEOY has yet to make a profit. However, Cramer thinks outsourcing demands and Google Earth might make this company profitable, not to mention its main competitor is not a publicly traded stock. According to Cramer, the stock could double on the successful commission of a new satellite. However, the date has been deferred once, and if the satellite does not go up when expected, GEOY "could get hammered." While he urges caution, Cramer says GEOY is a great speculative stock.

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Labels: APD, BA, BAC, CAT, COP, ENR, FCX, HON, INTC, JCI, Jim Cramer, JPM, KO, Mad Money, MER, SLB, TEX, UTX, WFC

Six Bulls: John Deere (NYSE: DE - News), Monsanto (NYSE: MON - News), Sociedad de Chemica (NYSE: SQM - News), Caterpillar Inc. (NYSE: CAT - News), Terex (NYSE: TEX - News), Manitowoc (NYSE: MTW - News), Foster Wheeler (NasdaqGS: FWLT - News), McDermott International (NYSE: MDR - News), Jacobs Engineering (NYSE: JEC - News), Boeing Co. (NYSE: BA - News), Halliburton (NYSE: HAL - News), Royal Dutch Shell (RDS-A), Exxon Mobil (NYSE: XOM - News), Freeport McMoran (NYSE: FCX - News), Lundin Mining (AMEX: LMC - News)
Cramer dedicated the program to discussing six bull markets and recommending stock picks for each sector.
Agriculture: Cramer commented on a "disturbing" editorial in the New York Times which called for an end to agricultural subsidies, but he is confident the policy will never be enacted. Cramer calls Deere "money in the bank" and notes that it sells at 16x earnings and has a 12% growth rate. While Monsanto, which trades at 35 x earings "will never be cheap," Cramer says its 24% growth rate is worth the price at $60, and he would buy it up to $70. The Chilean fertilizer company, SQM, is the world's largest supplier of lithium which goes into batteries and will be in shorter supply as "the greening movement reaches its nauseating zenith."
Machinery While he confesses amazement that CAT is stalled, Cramer says it is "preposterously cheap" trading at 13x earnings with 12% growth. He adds CAT has great international exposure, will benefit from the collapse of its Japanese competitors, and is a solid infrastructure play. While he also likes TEX and MTW, Cramer thinks CAT is still best-of-breed.
Infrastructure: Cramer calls this the "wildest" bull market which will benefit from oil prices and the need to create alernative power plants and petroleum infrastructure. Even though Foster Wheeler and McDermott International have had "tremendous runs" Cramer notes FWLT sells at just 17x next years earnings with 34% growth, and MDR has 14% growth and sells at 17x earnings. He adds these stocks do not get enough coverage on Wall Street, and would buy them. Cramer gives Jacob's Engineering and honorable mention, although is more expensive than the other two.
Aerospace:Boeing is up only 10% when the rest of the sector has risen 22%, and Cramer comments, "It's a laggard. It should be leading." Boeing sells at 20x earnings and has 18% growth. He thinks the company has a good future given the health of the sector, its international business, and some "amazingly-terrible problems at AirBus."
Oil and Gas: After a run for this sector, it was down on Tuesday; "People are just thinking it's over, because oil is down 2 bucks," said Cramer and he expressed confidence that the sector would bounce back. In spite of its "giant" buyback, "robust" outlook for oil and gas and its international exposure, Cramer notes HAL is down 12% from last year. Cramer likes Royal Dutch Shell with 10x earnings, 8% sales growth, and a yield at nearly 4%. While Exxon Mobil was down on Tuesday, it is still "a go-name for big institutions."
Minerals: Cramer says rumors of full copper inventories are "nonsense," because the Chinese need more copper. He likes copper play FCX and says its gold is a good hedge against inflation. He notes the company sells at only 9x earnings, but he predicts a 12x multiple. Cramer added the quarter was not good due to strikes and the cost of its Phelps Dodge deal, but predicts it will benefit from copper demand. He also likes Lundin which he thinks will go from $12 to $15 on the Tenke Mining deal in late June.
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Labels: BA, CAT, DE, FCX, FWLT, HAL, JEC, Jim Cramer, LMC, Mad Money, MDR, MON, MTW, SQM, TEX, XOM

JPMorgan Chase (NYSE: JPM - News): 'I think that the company itself is really good. At $47, nice 9% pullback. Probably worth buying, but let me tell you something... It doesn't yield 3%... 'Bank of America (NYSE: BAC - News): 'I've got BAC that yields 4% ... This stock should pull back .... If it goes below $20, then you do a little buying. 'Jones Soda (NasdaqCM: JSDA): 'But JSDA, other than HANS, is the fastest grower out there. I'm doing a lot of work on JSDA... Do not lose sight of that!'Hansen Natural (NasdaqCM: HANS)Accuray (NasdaqGM: ARAY): 'I think you're fine.'Harsco (NYSE: HSC - News): 'I think that this is a quintessential great industrial management company ... that's the kind of stock to buy right here. HSC, only about $1 off its high, but notice how it's held up. It is not that linked to housing. It is mostly industrial equipment.'Cummins (NYSE: CMI - News)Parker-Hannifin (NYSE: PH - News)Caterpillar (NYSE: CAT - News)Terex (NYSE: TEX - News)Lamson & Sessions (NYSE: LMS - News): 'Remember, I felt that this company is a natural to be acquired. They are in talks ... I think this company is worth substantially higher than where it's selling ... I am not worried about the earnings, and the P/E is very low. In other words, continue to buy LMS... 'VeriFone (NYSE: PAY - News): ' I think that PAY - which is linked to retail - is a fabulous stock. I am surprised it's come down this much from its high. I actually want to load up the truck with PAY right here. That's too cheap!'Charter Communications (NasdaqGM: CHTR): 'Do not lose heart! This is a play off of what I regard as being the 'virtuous circle' of being able to refinance, now that rates have come down... CHTR is good ... I want you to buy it.'Comcast (NasdaqGS: CMCSA)Time Warner (NYSE: TWX - News)Allegheny Technologies (NYSE: ATI - News): 'Don't forget that you need ATI steel when you build an ethanol plant, and that stock's off nicely from its high. I'm pulling the trigger right here!'Disney (NYSE: DIS - News): 'DIS is doing very well, it's got superior management. It's pulled back $1.50. I'll pull the trigger on DIS.'
Bearish calls:
Six Flags (NYSE: SIX - News): 'is a speculative stock ... I did not put that in the same league as DIS... I will wait until we go to Six Flags, before I will make the determination.'

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Labels: ATI, CAT, CMI, DIS, LMS, PAY, SIX, TEX, TWX, VLO

Caterpillar (NYSE: CAT - News) Terex (NYSE: TEX - News), Cummins (NYSE: CMI - News), Paccar (NasdaqGS: PCAR) and Manitowoc (NYSE: MTW - News)
Cramer declares it a “travesty of a mockery of a sham” that Caterpillar lingers at $63.16 while TEX, CMI, PCAR and MTW are up. On the other hand, he thinks the low price on his top stock of the quarter is a “sale on a best-of-breed stock” which is down 14% year over year. He believes the market is mistaken in grouping CAT with sluggish housing instead of with natural resources. Cramer would “ride” up Caterpillar, which should benefit from rising commodity prices and the end of the yen carry trade which will take the edge off the competition. With a $7.5 million buyback, Cramer thinks the company could bring up its own stock.

Regeneron Pharmaceuticals (NasdaqGM: REGN), Nastech Pharmaceutical (NasdaqGM: NSTK)
Cramer told the story of REGN, which was sitting at $5 two years ago, hit $24 and has settked at $18. This gain was accomplished with revenue decline and without a “concrete” product. Cramer predicts NSTK will be the next REGN, and although it is considered a "a comedy of errors” and doesn’t have a new drug in the pipeline, NSTK has money in the bank and the advantage that biotech trades “on hope.” In addition, Cramer noted the company has an effective obesity and insulin drug and has the only “pure play” on autism. Cramer urged interested investors to do homework on NSTK and use limit orders when buying.
Related: H.S Ayoub reports on the phase one test of NSTK's insulin spray.
Game Plan for the coming week: National CineMedia (NasdaqGM: NCMI), Verizon (NYSE: VZ - News), AT&T (NYSE: T - News), Sprint (NYSE: S - News), and Qwest (NYSE: Q - News), AAR (NYSE: AIR - News), General Mills (NYSE: GIS - News), Goldman Sachs (NYSE: GS - News)
On Monday, Cramer would buy NCMI, a “fast growing” company that makes cinema ads, and he notes NCMI has not moved since it went public. Concerning a $20 billion government phone contract reported in The Washington Post, Cramer believes Q is the most likely candidate, since T and VZ are too big and S is high because of takeover news. He suggested investors buy GS “hand over fist” on Monday because of its aggressive buyback plan, GIS ahead of its earnings on Thursday, and AIR before Wednesday.
CEO Interview: Peter van Stolk, Jones Soda's (NasdaqCM: JSDA)
When Cramer asked Peter van Stolk to account for Jone's great quarter, van Stolk credited his team’s hard work, strong sales and the introduction of the 12 ounce can; "I think the conversion to pure cane sugar is what's really taken it by the storm." Van Stolk said another advantage is “I can put [a photo] of your loved ones on a bottle of Jones Soda.” Competitors Coca-Cola and Pepsi lack the patent. Cramer thinks JSDA has more room to rise.

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Labels: AIR, CAT, CMI, GIS, GS, Jim Cramer, JSDA, Mad Money, MTW, NSTK, PCAR, Q, REGN, TEX, VZ

Bullish calls:
Arch Coal (NYSE: ACI - News): 'It's been $30, give or take a point, for so long now that I'm beginning to think that there isn't anything that could move the stock ... you should not get discouraged. ACI is buying the stock back ... it remains in bull mode. Buy, buy, buy! 'Peabody Energy (NYSE: BTU - News): ' ... and I'm throwing in BTU, because the coal companies are just too darn cheap. And even if the Democrats take over the White House... 'Universal Stainless (NasdaqGM: USAP): 'I like it ... 'Reliance Steel (NYSE: RS - News): ' I also like RS, which always tends to lag and be a great second-day play...'Terex (NYSE: TEX - News): '... I caught a triple in TEX, and that's the horse that brought me here. I'm going right back to TEX. If you want industrial machinery, go to TEX.'Manitowoc (NYSE: MTW - News): ' I like it, but you know what? ... I like TEX and CAT more than MTW...'Caterpillar (NYSE: CAT - News)Cisco (NasdaqGS: CSCO): ' It hugs $25. It didn't go lower during the nuclear selloff that we had last Tuesday... What does that tell you? It tells you to pull the trigger and go with Chambo!'Amgen (NasdaqGS: AMGN): 'I have been struggling over this AMGN. I know, I recommended it at $66... Aranesp is in trouble. That's their anemia drug. I can't get any visibility, but at 14x earnings, perhaps the worst is over... I think it's down enough that you have to at least put a little more in ... I want to stay with AMGN.'
Bearish calls:
Alcatel-Lucent (NYSE: ALU - News): 'As long as that management team is in place, sell, sell, sell! From now on, I'm banning ALU from the Lightning Round.'Consol Energy (NYSE: CNX - News): ' You're going to be in an energy company that makes coal, I am going to refer you to... both ACI and BTU, which I like more than CNX.'TiVo (NasdaqGM: TIVO)Sonus Networks (NasdaqGS: SONS): ' Oh man, voice infrastructure. Look, I just think you're making life too hard, and I'm against that.'
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Labels: ACI, ALU, BTU, CAT, CNX, CSCO, Jim Cramer, Lightning Round, Mad Money, MTW, RS, TEX, Tivo

Nabi Biopharmaceuticals (NasdaqGM:NABI - News) said Thomas McLain has resigned as chairman, chief executive and president, effective immediately. The company has appointed Leslie Hudson, a company director since 2005, as interim CEO and president for a six-month term.
Onyx Pharmaceuticals (NasdaqGM:ONXX - News) said its quarterly net loss narrowed to $20.7 million, or 47 cents a share, from $38.4 million, or $1 a share, in the same period during 2005, as expenses on research and development dropped considerably. Analysts polled by Thomson Financial had expected a per-share loss of 62 cents.
Perini Corp. (NYSE:PCR - News) shares advanced after the Framingham, Mass.-based construction services company reported fourth-quarter net earnings and earnings available to common shareholders of $19.3 million, or 72 cents a share. In the same quarter last year, Perini posted a net loss of $13.9 million, and a loss available to common shareholders of $11.7 million, or 45 cents a share. Revenue rose to $944.3 million from $603.2 million. Perini reaffirmed its 2007 earnings forecast of $2 to $2.20 a share on revenue of $3.8 billion to $4 billion.
Pogo Producing Co. (NYSE:PPP - News) swung to a fourth-quarter loss of $16.5 million, or 29 cents a share, from a profit of $114.7 million, or $1.96 a share, a year ago. The energy company said revenue fell 18% to $343.1 million from $419.6 million a year ago. The company also said it plans to explore its strategic options, including a possible sale or merger.
Radiant Systems' (NasdaqGM:RADS - News) shares leapt after the Atlanta-based technology services provider reported a fourth-quarter net profit of $3.59 million, or 11 cents a share, up from $2.43 million, or 8 cents a share, last year. Excluding items the company posted a per-share profit of $6.46 million, or 20 cents a share. Revenue rose to $60.8 million from $48.3 million. Analysts polled by Thomson Financial were expecting a per-share profit of 17 cents on revenue of $59.3 million. Radiant now expects first quarter adjusted earnings of 11 cents to 12 cents a share on revenue of $55 million to $56 million, and 2007 adjusted earnings of 64 cents to 67 cents a share on revenue of $245 million to $260 million.
Stamps.com (NasdaqGM:STMP - News) shares advanced after the Los Angeles-based company reported fourth-quarter net earnings of $4.68 million, or 20 cents a share, up from $4.1 million, or 17 cents a share, in the year-ago period. Excluding stock-based compensation expense, the quarterly profit in the 2006 fourth quarter came in at 22 cents a share. Revenue rose to $25 million from $20.6 million. Analysts polled by Thomson Financial were expecting a per-share profit of 20 cents on revenue of $24 million. Stamps.com forecast 2007 earnings of 70 to 80 cents a share, or 80 to 90 cents a share excluding items, on revenue of $90 million to $100 million.
Strayer Education (NasdaqGS:STRA - News) was upgraded to outperform at Robert Baird and to neutral at SunTrust Robinson Humphrey.
Terex (NYSE:TEX - News) was upgraded to buy from sell at Citigroup Investment Research. The firm also lifted its price target to $78 from $60.
United Stationers Inc. (NasdaqGS:USTR - News) reported fourth-quarter earnings of $33.6 million, or $1.10 per share, up from a year-ago profit of $23.5 million, or 72 cents a share. Sales rose 3.7% in the latest three months to $1.1 billion in the latest quarter. Looking ahead, the Deerfield, Ill., distributor of building products said sales year-to-date are trending up about 5.5% in 2006 versus last year.

Labels: NABI, ONXX, PCR, PPP, RADS, STMP, STRA, TEX, USTR

Bullish calls:
Barclays (NYSE: BCS - News): ' It's got a nice yield. It's got a good pastiche of businesses. I guess what I'm saying is, BCS is included in my package of solid bank stocks worth owning.'Bank of America (NYSE: BAC - News): ' ... but I would still prefer to own BAC [To BCS].'Coldwater Creek (NASDAQ: CWTR - News): 'I've been to the website at least five times this week to check it out, to be sure I'm not dreaming. I believe CWTR may have a good quarter, but the next quarter's going to be even better. This is a regional-to-national story. CWTR - Three analysts upgraded this week. They're right. The bears are wrong. Stick with CWTR!'Caterpillar (NYSE: CAT - News): ' ... this is one of the absolute toughest stocks out there, because the housing business is definitely slow but, you know, you take a look at the mineral business, and we know that it's really good ... but we also know that there's supposed to be a worldwide slowdown coming, and therefore, CAT has to be caught up in it. The bottom line for me is that ... CAT is a buy here. As a matter of fact, let me give you a range. I think CAT has 2 down, and 10 up. That's a risk reward that I want. As a matter of fact, I want it bad. That's the sound of a Caterpillar backing up (doing a 'mon-back)...'Terex (NYSE: TEX - News): 'TEX, which is smaller than CAT, but has just been on a tear, because it was added to the S&P 500 ... is a buy here.'Companhia Vale do Rio Doce (NYSE: RIO - News): 'Here's what I would do: If you bought, say, 200 shares on my advice - here it is 60 cents from its 52-week high - I would sell 50, because the mineral stocks are going down. But, you know what? If that stock got back to where I recommended it, I woud pull the trigger (i.e., buy it) again, because that, along with BHP and RTP, are the three best mineral companies in the entire world. How can you not own one of them?'Rio Tinto (NYSE: RTP - News)BHP Billiton (NYSE: BHP - News)XTO Energy (NYSE: XTO - News): 'The best independent oil company ... It is too expensive to be acquired, because it's got a very high multiple. Why? Because it has so consistently found oil.'Honeywell (NYSE: HON - News): ' I think that that dividend boost - that stock's been rocking ... Big dividends are growth. HON gave us one. HON's going to $50. I would not sell HON, even though it's at its 52-week high.'Time Warner (NYSE: TWX - News): 'We have now been behind Dick Parsons for 4 and a half points. You do not sell TWX here. That stock is just visiting the 22-23 level. It's a way station on the way to what surely is the promised land of $28-$30. You stay with TWX.'
Bearish calls:
Aventine Renewable Energy (NYSE: AVR - News): 'AVR is a sale. Sell, sell, sell. You don't want to be near it. It's a trainwreck. That whole ethanol group is no good.'
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Labels: AVR, BAC, BCS, BHP, CAT, CWTR, HON, Jim Cramer, Lightning Round, Mad Money, RIO, RTP, TEX, TWX, XTO

Biomet Inc. said it was being acquired in a deal valued at $10.9 billion by a private equity group that includes Blackstone Group, Goldman Sachs Capital Partners and Kohlberg Kravis Roberts. As part of the deal, each Biomet share will be sold for $44 each, which represents a 4.8% premium to Friday's closing price of $42.
Delta Air Lines (Other OTC:DALRQ.PK - News) may file as soon as Tuesday a bankruptcy-reorganization valuing the carrier higher than a hostile merger offer from U.S. Airways does, The Wall Street Journal reported.
Imax Corp. (NASDAQ:IMAX - News) said it determined that a sale or merger of the company will not enhance shareholder value. The Toronto entertainment company said it will instead focus on the growth of its network and on strategic business initiatives.
L-3 Communications (NYSE:LLL - News) shares fellafter it said the loss of a contract to provide linguistic services to the U.S. Army in Iraq, Afghanistan and Guantanamo Bay, Cuba will cost it about 15 cents a share in 2007 earnings. The company lowered its 2007 profit forecast to $5.45 to $5.55 a share. Analysts surveyed by Thomson First Call forecast earnings of $5.73 a share, on average.
Mannatech Inc. (NASDAQ:MTEX - News) will replace American Italian Pasta Co. (NYSE:PLB - News) in the S&P SmallCap 600 after trading closes on Tuesday.
Nasdaq Stock Market Inc. (NASDAQ:NDAQ - News) approved a new employment contract for President and Chief Executive Robert Greifeld, extending his deal through Dec. 31, 2010.
Power Integrations Inc. (NASDAQ:POWI - News) said it informed the Nasdaq that it will not meet a Dec. 18 deadline to become current in its filings. The company expects its shares to be delisted from the Nasdaq Global Market as of the start of trading on Dec. 19.
Southwestern Energy Co. (NYSE:SWN - News) said late Friday its 2007 capital investment program is for $1.34 billion, up 45% from $925 million expected in 2006. For 2007, the natural gas company is looking for oil and gas production to rise 45% to 50% from the prior year.
Terex Corp. (NYSE:TEX - News) will replace Navistar International Corp. (NYSE:NAV - News) in the S&P 500 after the close of trading Tuesday.
Youbet.com (NASDAQ:UBET - News) said it will sell 6.2 million shares of its common stock at $3.25 a share. The Woodland Hills, Calif. online horse racing betting company said it plans to use the proceeds, which are estimated to be $18.5 million, to repay debt used to acquire United Tote, and for other general corporate purposes.

Labels: IMAX, LLL, MTEX, NAV, NDAQ, PLB, POWI, SWN, TEX, UBET

Among the companies whose shares are expected to see active trade in Monday's session are Harrah's Entertainment Inc., FuelCell Energy Inc., Dell Inc. and Andersons Inc.
Applied Signal Technology (APSG) is expected to report earnings per share for the fourth quarter of 22 cents, according to analysts polled by Thomson First Call.
FuelCell (FCEL) is expected to post a per-share loss of 35 cents for the fourth quarter.
Harrah's Entertainment (HET) is on the verge of being sold to two private- equity firms, Apollo Management and Texas Pacific Group, for at least $90 a share, the online edition of The Wall Street Journal reported Sunday.
Joy Global Inc. (JOYG) is expected to report per-share income for the fourth quarter of 66 cents.
Oracle Corp. (ORCL) is expected to post second-quarter per-share income of 22 cents.
Piedmont Natural Gas Co. (PNY) is expected to report first-quarter per-share income of 97 cents.
Steelcase Inc. (SCS) is expected to report earnings of 19 cents per share for the third quarter.
After Friday's closing bell, Dell (DELL) said it received a Nasdaq letter on Dec. 15 indicating that the company is not in compliance with continued listing requirements. The computer giant said the letter relates to the company's delayed third-quarter filing.
Also, three top executives at Time Warner Inc.'s (TWX) AOL unit plan to quit as part of a reorganization expected to be made public this week, according to several media reports. The execs include: Jim Bankoff, AOL's executive vice president of programming, Joe Redling, chief marketing officer, and John Buckley, a chief public-relations officer.
Watch list
Andersons (ANDE) said it has raised the quarterly cash dividend 5.6% to 4.75 cents per share. The dividend is payable Jan. 22 to shareholders as of Jan. 2.
Boston Scientific Corp. (BSX) said it is voluntarily recalling certain lots of the Mach 1 guide catheter in the United States. The medical devices maker said some units of the catheter may contain excess resin that could obstruct a blood vessel if detached during a procedure.
Comverse Technology Inc. (CMVT) Chairman Ron Hiram has resigned from the board. Hiram's resignation was tendered in view of the recent appointment of an additional five new independent directors. Also, the company has received an additional Nasdaq delisting notice over the company's delayed Form 10-Q filing for the quarter ended Oct. 31.
Guitar Center Inc. (GTRC) said its Nov. 22 agreement to buy the assets of Dennis Bamber Inc. has been terminated upon bankruptcy court approval of an alternative bidder for the business.
Imax Corp. (IMAX) said it has determined that a sale or merger of the company will not enhance shareholder value. The Toronto-based entertainment company said it will instead focus on the growth of its network and on strategic business initiatives.
King Pharmaceuticals Inc. (KG) said an arbitration panel has decided in favor of Elan Corp. (ELN) in a dispute related to King's Sonata insomnia drug. The panel ordered King to pay Elan about $49.8 million, plus interest, in milestone payments and other research and development expenses.
Nasdaq Stock Market Inc. (NDAQ) said it has approved a new employment contract for President and Chief Executive Robert Greifeld, extending his deal through Dec. 31, 2010.
PetSmart Inc. (PETM) said it has amended its bylaws to adopt a majority voting standard for the election of directors in uncontested elections. The Phoenix- based retailer of pet products and services said that under the new standard a director in an uncontested election must receive more than 50% of the votes cast.
Power Integrations Inc. (POWI) said it has informed the Nasdaq that it will not meet the Listing and Hearing Review Council's Dec. 18 deadline to become current in its filings. The company expects its shares to be delisted from the Nasdaq Global Market as of the start of trading on Dec. 19.
Refco Inc. (RFX) , the derivatives broker that collapsed in scandal last year, said its Chapter 11 plan was confirmed by a New York bankruptcy court, clearing the way for its businesses to be finally shut down and creditors repaid a portion of what they were owed.
Private-equity firms Clayton Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co. are in talks to acquire Royal Ahold NVU.S. foodservice unit in a leveraged buyout, according to a media report.
Standard & Poor's said it's changing the makeup of the S&P 500 and SmallCap 600 indexes after the close of trading Tuesday. Terex Corp. (TEX) will replace Navistar International Corp. (NAV) in the S&P 500. Mannatech Inc. (MTEX) will replace American Italian Pasta Co. (PLB) in the S&P SmallCap 600.
By Dow Jones

Labels: ANDE, APSG, BSX, CMVT, DELL, FCEL, GTRC, HET, IMAX, JOYG, KG, MTEX, NDAQ, ORCL, PETM, POWI, RFX, SCS, TEX, TWX