Jim Cramer Blog

The Dow closed up 51 points and the S&P 500 finished up 6 points. Crude oil is closing in on $100 as we near Thanksgiving. John Kilduff, an analyst at MF Global, joined the show to discuss his take on oil. He predicts the top on crude could be in area of $108 to $110. Adami favors Chevron (CVX), which he feels is cheaper then ExxonMobil (XOM). He advises looking at refiners like Tesoro (TSO) here. Finerman owns Tesoro and she is also looking at buying ConocoPhillips (COP).
Regional airlines are benefiting from the delays and congestion at larger airports. Airlines like Midwest (MEH) and Allegiant (ALGT) are benefiting from this trend. Adami says the way to play this trend is to buy the private jet makers like Textron (TXT), General Dynamics (GD), Embrear (ERJ) and Honeywell (HON).
For Defensive stocks Najarian likes Merck (MRK), Genentech (DNA) and Biogen (BIIB). However, Finerman would get defensive with names like Altria (MO) and Kraft (KFT). Adami also recommends Altria, Unilever (UL) and Procter & Gamble (PG).
Word on the Street
Target (TGT) reported a 4.4% fall in profits.
Whole Foods Market (WFMI) reported a decline in fourth-quarter profits, but sales top Wall Street estimates.
Google (GOOG) trades up 4% after Credit Suisse raised their price target to $900. Najarian believes names like Research In Motion (RIMM), Google and Apple (AAPL) are starting to show strength again. He would look to get back into these stocks around these levels. Adami prefers Microsoft (MSFT).
Najarian would keep an eye on ISIS Pharmaceuticals (ISIS) and Sangamo Biosciences (SGMO).
Pops & Drops
Pops - Barnes & Noble (BKS) traded up 13% after reporting higher internet sales.
Exxon (XOM) traded up 4% after UBS upgraded the stock.
Kraft (KFT) traded up 2%.
Utilities EFT (XLU) traded up 1%.
Drops - Office Depot (ODP) fell 7% after reporting a 9% decline in profits.
Echostar (DISH) fell 7%
Ericsson (ERIC) fell 12%
Hovnanian (HOV) fell 9%.
GameStop (GME) fell 4% after the video game maker missed analyst estimates.
Saks (SKS) fell 2% after missing estimates.
Final Trade
Macke likes the price action in Microsoft (MSFT).
Adami recommends Freeport McMorRan (FCX).
Finerman says to short the iShares Dow Jones US Real Estate ETF (IYR).
Najarian would purchase Pulte Homes (PHM) for a short term buy.

Labels: ALGT, BIIB, CNBC, CNBC's Fast Money, COP, CVX, erj, Fast Money, GD, GOOG, HON, MEH, MRK, PG, TGT, TSO, TXT, UL, WFMI, XOM

On Friday the stock market continued to fall with the Dow plunging 223 points and the Nasdaq falling 68 points. The show guided investors through the difficulties of profiting in a down market. Najarian suggests Cisco Systems (CSCO) as a buying opportunity here. He also likes Apple (AAPL) which he mentioned is now selling the iPhone in Germany and soon China. Adami likes EMC (EMC) calling it a real story. Seymour recommends Microsoft (MSFT) and Finerman agreed. Finerman also thinks Altria (MO) is smoking and Adami recommends Unilever (UL). Najarian thinks international and weak dollar plays like McDonald’s (MCD) and Coke (KO) will continue to work.Bank stocks like Wachovia (WB), JPMorgan (JPM), and Bank of America (BAC) finished up on Friday. Najarian was with Citigroup (C). He mentioned that the Financial Select Sector SPDR Fund (XLF) saw 2-to-1 call options buying on Friday.
Word on the Street Merck (MRK) announces plans to pay $4.85 billion to settle most of the remaining Vioxx lawsuits. Adami recommends buying GlaxoSmithKline (GSK) here.E*Trade (ETFC) fell 13% after hours.
Retailers Wal-Mart (WMT) and Macy's (M) are set to report earrings next week. One interesting name to look at is low cost retailer TJ Maxx (TJX) which could be benefiting from consumers looking to save money. Finerman is sticking with Wal-Mart for a long term investment. Macke advises buying The Gap (GPS) and GameStop (GME).
Steel Trade Bearish news from both the housing and auto sectors has helped push U.S. Steel (X) down 7% this week. Seymour mentioned that possible suitors include POSCO (PKX) and some Russian steel makers. Seymour would watch is Mechel (MTL) as well.
Pops & Drops Pops- Monsanto (MON) traded up 3.5% after the company said it will double profits to the tune of $8 billion over the next five years.Allstate (ALL) traded up 4% after Citigroup upgraded the stock.Drops- Clearwire (CLWR) plunged 38% after Sprint Nextel (S) canceled a deal.Washington Mutual (WM) fell 11% off a investigation started by New York Attorney General Andrew Cuomo into the bank's dealings with mortgage appraisers.Fannie Mae (FNM) fell 6% after reporting a loss for the third-quarter.Whirlpool (WHR) fell 4% off a negative Barron's article.NASDAQ (NDAQ) dropped 10% after private equity firm Hellman & Friedman sold 23 million shares.
MisfiresOn October 25th Adami was a buyer of Sotheby's (BID) and since his call the stock fell 8%.October 2nd Finerman recommended buying Kohl's (KSS) and since her call, the stock has been crushed falling 20%.Najarian advocated buying Cisco Systems (CSCO) ahead of the earnings report and was dead wrong and Cisco fell 10% since his call on Tuesday.
Quicker Than the TickerOn October 15th Najarian said buy SunPower (SPWR) and Suntech (STP). He nailed the call and the stocks screamed up by as much as 50%.November 2nd Seymour picked Russian cellphone providers VimpleCom (VIP) and Mobile Telesystems (MBT). Seymour was right and both stocks climbed 6% in 5 days.October 15th Finerman recommended Flowserve (FLS). She was deadly accurate and the stock climbed 20% since her call.October 25th Adami suggested shorting Exxon Mobil (XOM) ahead of earnings. Adami was correct and XOM fell 4% after missing earnings.
Final Trade (Green)Adami favors BorgWarner (BWA) for a play on fuel efficiency and emissions control.Najarian feels positive about Energy Conversion Devices (ENR).Seymour recommends Powershares Water Resources ETF (PHO).Finerman likes Kaiser Aluminum (KALU).

Labels: AAPL, CNBC, CSCO, Fast Money, Fast Money Recap, KO, MCD, MO, UL

Pacer International Inc. (NasdaqGS:PACR - News) reported fourth-quarter net income of $21.5 million, or 57 cents a share, up from $20.4 million, or 54 cents a share, a year ago. Revenue for the three months ended Dec. 29 fell to $502 million from $503.8 million a year ago.
PepsiCo (NYSE:PEP - News) said fourth-quarter profit rose 60%, helped by a tax benefit, lower expenses, strength in its international business and robust sales of non-carbonated drinks and salty snacks in the U.S.
Protective Life (NYSE:PL - News) said fourth-quarter net income rose, as the company recorded investment gains of 28 cents per share, to $85.2 million, or $1.19 a share, from $68.6 million, or 96 cents a share, during the same period in the prior year. Before items, quarterly per-share income fell to 91 cents from $1.02 in the prior year. Analysts polled by Thomson Financial had expected per-share earnings of $1. The insurance and investment products company said it sees 2007 operating income per share of $3.60 to $3.80.
Riverbed Technology (NasdaqGM:RVBD - News) said it plans to file with the Securities and Exchange Commission a registration statement to offer five million shares in an underwritten secondary public offering. The San Francisco-based company said about 2.65 million of the shares will be offered by certain Riverbed stockholders. The company also said its fourth-quarter loss narrowed to $2.41 million, or 4 cents a share, from $4.73 million, or 43 cents a share, a year earlier, as revenue surged on product demand and customer growth. Excluding stock-based compensation, the company earned 3 cents a share for the most recent period. Analysts surveyed by Thomson Financial expected, on average, quarterly earnings of 1 cent a share, before items. The San Francisco wide-area data service company's revenue for the quarter rose to $33.8 million from $10.6 million a year ago.
Silicon Laboratories (NasdaqGS:SLAB - News) agreed to sell its Aero single-chip phone and power amplifier product lines to NXP for $285 million. The cash deal also includes additional earn-out potential of up to $65 million over the next three years. The semiconductor company expects the deal to close by the end of the first quarter.
Spectrum Brands (NYSE:SPC - News) said it swung to a loss of $18.8 million, or 38 cents a share, from a profit of $2.3 million, or 5 cents a share, a year earlier. Excluding non-recurring items, such as a loss from discontinued operations and a restructuring charge, the Atlanta consumer products company would have earned 12 cents a share in the quarter ending December. Revenue fell 0.3% to $564.6 million from last year's $566.3 million, as a 6% drop in battery sales offset 7% growth in Remington branded product sales and a 4% increase in Global Pet sales. Analysts surveyed by Thomson Financial had been expecting earnings of 8 cents a share and revenue of $640.3 million, on average.
Syntax-Brillian Corp. (NasdaqGM:BRLC - News) shares gained after the Tempe, Ariz.-based maker of HDTVs and digital entertainment products reported fiscal second-quarter net earnings of $14.8 million, or 25 cents a share. In the same quarter last year, the company posted a net loss of $1.23 million, or 4 cents a share. Revenue rose to $242.5 million from $60.2 million. Analysts polled by Thomson Financial had forecast a per-share profit of 24 cents on revenue of $241.8 million. For the fiscal third-quarter, Syntax-Brillian expects revenue of $160 million to $170 million, and for fiscal 2007, the company expects revenue of $650 million to $700 million.
Toll Brothers (NYSE:TOL - News) reported an "uptick" in sluggish housing demand in several markets as the luxury home builder's cancellation rate came down but said it may post quarterly writedowns as high as $160 million or more, which would handily top its previous estimate for all of 2007.
Unilever (NYSE:UL - News) (NYSE:UN - News) reported a fourth-quarter profit surge, although it lacked sales growth due to difficulties rejuvenating its European operation.
Warner Music Group (NYSE:WMG - News) said its profit dropped 74% to $18 million, or 12 cents a share, as revenue declined 11% to $928 million. Analysts polled by Thomson Financial expected earnings of 24 cents a share on revenue of $945 million. The company said it faced "unusually difficult" year-ago comparisons, and it said digital revenue represented 11% of total revenue during the quarter. Softer domestic and European sales hurt its recorded music division, while music publishing revenue edged up 2%.
Waste Management Inc. (NYSE:WMI - News) posted a 15% drop in fourth-quarter earnings compared to a year ago when hurricane clean-up profits bolstered the bottom line.

Labels: BRLC, PACR, PEP, PL, RVBD, SLAB, SPC, TOL, UL, UN, WMG, WMI