Jim Cramer Blog

On Wednesday the Dow closed up 76 points as the strength from the Fed rate cut continued to spill. Najarian: investors should look at the volatility in the S&P 500, which is moving back to normal. Reported unusual options activity on Cree (CREE). Could be being bought by General Electric (GE).
Macke: market bears are instant messaging him with more short ideas than any other time in his most recent memory.
Adami: Friday could be a funky day with options expiration on tap. He took a trip to the UPS Center in New York City to find out what is going on at the packaging giant. Adami likes United Parcel (UPS) for three reasons: international growth, energy hedging and union contracts. He also predicted that Fedex (FDX) will rally on Thursday and investors should sell into the strength.
Emerging Markets Trade: The iShares MSCI Emerging Markets (EEM) hit a record high on Wednesday. Their stocks around the globe shot up after the Fed cut. Tim Seymour, of Red Star Asset Management suggests investors buy Tenaris (TS). Seymour recommended Vimpel-Communications (VIP), Mobile Telesystems (MBT) and Mechel OAO (MTL) as liquidity plays.
Shoe Companies: Collective Brands (PSS) and Brown Shoe Company (BWS) have taken double digit hits. CEO of Payless and the company blamed the decline on weather and the increased demand for products out of competitor Crocs (CROX). Finerman hates when companies use weather as an excuse, but she thinks investors can buy PSS, BWS and Limited Brands (LTD).
Goldman Sachs (GS): Dick Bove, an analyst for Punk Ziegel, is the only analyst on Wall Street who is telling investors to sell GS. GS holds are overvalued with $700 billion in securities. He thinks hedge fund trading business is declining.
Word on the Street: TD Ameritrade (AMTD) and Najirian's pick: NASDAQ (NDAQ). Najarian sees no options activity in Oracle (ORCL) ahead of the quarter.
Gartman: time to get out of Suncor (SU) and all his Canadian Tar Sands plays. Instead he would get into U.S. multi-nationals like ConocoPhillips (COP).
Macke says you can buy Kellogg's (K), Kraft (KFT) and Safeway (SWY) off the strong General Mills (GIS) quarter.
Pops & Drops:
Pops: Countrywide Financial (CFC), Blackstone (BX), Fortress Investment Group, The Warnaco Group (WRNC)
Drops- Carmax (KMX), Comcast (CMSCA), Sirius Satellite Radio (SIRI) and XM Radio (XMSR)
Final Trade
Macke-Oracle (ORCL)
Adami- Goldman Sachs (GS)
Najarian- Titanium Metals (TIE)
Finerman- Play Victoria Secret with Limited Brands (LTD)

Labels: CNBC, CREE, EEM, Fast Money, FDX, GE, GS, LTD, MBT, MTL, TS, UPS, VIP

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Scientific Games (NasdaqGS:SGMS - News) beat earnings estimates after Thursday's close. The company reported $0.35 EPS versus estimates of $0.30 EPS. SGMS' PowerRating is 6.

Brush Engineered Materials (NYSE:BW - News) should report $0.42 EPS before the market opens on Friday morning. BW's PowerRating is 5.
EOG Resources (NYSE:EOG - News) is expected to announce $1.06 EPS on Friday morning. EOG's PowerRating is 5.
Hercules Offshore (NasdaqGS:HERO - News) is looking to report $0.75 EPS when the company announces earnings on Friday morning. HERO's PowerRating is 5.
Olympic Steel (NasdaqGM:ZEUS - News) should report $0.99 EPS early Friday. ZEUS' PowerRating is currently unavailable.
Weyerhaeuser (NYSE:WY - News) is looking to have EPS of $0.40 on Friday before the market opens. WY's PowerRating is 5.
Tenaris (NYSE:TS - News) reports after the bell on Friday. Look for heightened price and volume before the company reports. TS' PowerRating is 6.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: BOG, BW, Hot Stocks, TS, WY, ZEUS

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Parallel Petroleum (NasdaqGM:PLLL - News) beat earnings Wednesday after the market closed with $0.29 EPS over a consensus of $0.12 EPS. PLLL's PowerRating is 4.
Tenaris (NYSE:TS - News) beat earnings on Wednesday afternoon, announcing $0.91 EPS over an expected $0.89 EPS. TS's PowerRating is 6.
Del Monte (NYSE:DLM - News) reports quarterly earnings on Thursday before the bell, with analysts looking for $0.22 EPS. DLM's PowerRating is 6.
Energy Partners (NYSE:EPL - News) is looking to report $0.05 EPS on Thursday before the market opens. EPL's PowerRating is 4.
LifeCell (NasdaqGS:LIFC - News) announces earnings on Thursday before the bell; look for $0.16 EPS. LIFC's PowerRating is 4.
Pride International (NYSE:PDE - News) should report $0.47 EPS Thursday morning. PDE's PowerRating is 5.
When Staples (NasdaqGS:SPLS - News) reports earnings Thursday before the action begins, look for $0.45 EPS. SPLS's PowerRating is 6.
**Correction: CarMax (NYSE:KMX - News) reports earnings March 29, not February 28 as reported yesterday.
PowerRatings are courtesy of PowerRatings.net

Labels: DLM, EPL, Hot Stocks, KMX, LIFC, PDE, PLLL, SPLS, TS

Labels: DEO, DPZ, ERTS, HYDL, Jim Cramer, Mad Money, MRVL, NOV, S, SHLD, THQI, TS, VG

Case for Trades: Marvell (NasdaqGS: MRVL)
Cramer discussed the outdated stigma that surrounds trading, and said that there is no reason to avoid trades now that taxes and commissions are the lowest he has seen them. "Buy and hold" doesn't cut it anymore, he commented, adding that his Mad Money picks are not meant to be held forever; investors "should try to buy as low as possible and sell high ... That doesn't make you a trader. It makes you an intelligent manager of your own money." In spite of an upgrade by Deutsche Bank and J.P Morgan, semiconductor stocks will not be strong until the middle of the year, and he expects MRVL to get hit harder than the rest. However, Cramer would buy the stock low because "Marvell is not a trade. It's not an investment. It's just a good idea." He would pick up the stock below $18 before it reports, but would do homework first.
Oil is Well: National Oilwell Varco (NYSE: NOV - News), Teneris (NYSE: TS - News), Hydril (NasdaqGS: HYDL)
Although The Street has abandoned oil, Cramer likes NOV, since it "is the biggest maker of oil rigs on earth," reported an amazing quarter and is cheap. He points out that just as Teneris has agreed to buy HYDL for $97 a share, another buyer could pick up NOV. Cramer would buy some before it gets a takeover bid.
Q & A and Mad Mail: Sears Holdings (NasdaqGS: SHLD), Sprint (NYSE: S - News), Electronic Arts (NasdaqGS: ERTS), THQ (NasdaqGS: THQI), Domino's (NYSE: DPZ - News), Diageo (NYSE: DEO - News), Vonage (NYSE: VG - News)
Cramer says that he is recommending SHLD because it could be another Berkshire Hathaway, but said that he would get rid of the stock if he saw "deviation from... the Berkshire plan." Concerning Sprint, he says he would not recommend a stock when its fundamentals are deteriorating, and adds, "I keep waiting till the estimates get so low that they can't deteriorate further," and says that he would back up the truck when that happens. While the success of one game would not make such an impact on $15 billion company ERTS, it could affect$2 billion company THQ, and since the stock is expensive, Cramer would not buy it. Cramer says that "the worst is over" for DPZ, and would hold on to it, since it is a good chain. Finally, Cramer says Diageo is "terrific" and VG is "radically overpriced."
Published by SeekingAlpha

Labels: DEO, DPZ, ERTS, HYDL, Jim Cramer, Mad Money, MRVL, NOV, S, SHLD, THQI, TS, VG

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page and is created using OptionVue options analysis software.
Most Under Priced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
Baidu.com Jan 140 (NASDAQ:BIDU - News). BIDU's PowerRating is 7.
Digital River Jan 60 (NASDAQ:DRIV - News). DRIV's PowerRating is 7.
Most Under Priced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Joy Global Jan 45 (NASDAQ:JOYG - News). JOYG's PowerRating is 5.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Telik Jan 22.5 (NASDAQ:TELK - News). TELK's PowerRating is 4.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Research in Motion Jan 115 (NASDAQ:RIMM - News). RIMM's PowerRating is 3.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Tenaris (NYSE:TS - News). TS's PowerRating is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
National Semiconductor (NYSE:NSM - News). NYSE's PowerRating is 4.

Labels: BIDU, DRIV, JOYG, NSM, RIMM, stock options, TELK, TS