Archive for September, 2005

PortfolioCrafter - Market Commentary 9/26/05

Monday, September 26th, 2005

PortfolioCrafterToday, the Dow Jones industrial average closed up 24.04 or 0.2% to 10,443.63, the Nasdaq composite ended up 4.62 or 0.2% to 2,121.46, and the Standard & Poor’s 500 was up 0.34 to 1,215.63.

The market breadth was positive. On the New York Stock Exchange, where rising shares exceeded decliners by 18 to 14 on volume of 1.55 billion shares. On the Nasdaq, gainers exceeded losers by 17 to 12 on volume of 1.53 billion shares.

Over the weekend, the aerospace giant Boeing agreed on a new contract with striking machinists. This led the stock to close up $1.47 or 2.3% at $64.67. This agreement with its biggest labor union would end a strike that had left its airplane factories idle for nearly a month.

Prominent amongst other gainers was McDonald’s that ended up $0.62 to $33.26, Pfizer that closed up $0.32 to $25.19, and Hewlett-Packard that ended up $0.47 to $28.94. All these sto^cks rebounded after sliding in the previous week. Exxon Mobil gained $0.77 to $64.60, and the Philadelphia Oil Service index added 2.5%.

Advanced Micro Devices gained $0.65 or 2.8% to $23.63, on introduction of a faster version of its high-end chips for server systems and computer workstations. A report in the financial weekly Barron has stated that the chipmaker’s sto^ck could be pushing $50 in two years. Ciena rose $0.18 or almost 8% to $2.43 and helped to lift the Amex Networking Index up 3.52 to 233.22.

Amongst losers, shares of retailer Walgreen dropped almost 2.4% to end at $41.50 after news that the company’s quarterly earnings totaled $324.4 million. Delphi dropped more than 13% or $0.47 to close at $2.99 after Deutsche Bank analyst Rod Lache said he was no longer convinced that the company would work out a deal with General Motors Corp, and with the United Auto Workers, to keep it out of bankruptcy.

Punk Ziegel & Co was upgraded to ‘Buy’ and thus gained 7 cents at $104.15; Goldman Sachs ended up 53 cents at $120; and Lehman Brothers closed up 87 cents at $114.92. However, Caterpillar dropped almost $1 to $58.34 after it was downgraded to a hold rating from Citigroup.

U.S. light crude oil for November delivery added $1.63 or almost 3% to settle at $65.82 a barrel on the New York Mercantile Exchange. Earlier in the volatile session, the contract touched a seven-week low of $62.90.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 9/23/05

Friday, September 23rd, 2005

CramersMadMoney.comWe have done our best to record Jim Cramer’s calls on his Mad Money CNBC show for you, but remember that Cramer often bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, cash register, bear growl, bowling pins, and submarine diving alarm buttons all at once, while he is screaming.

Please do your own research, and verify all information before acting on it.

Bullish
Amedisys (AMED)
Brinker International (EAT)
Cemex (CX)
Coach (COH)
Coach (COH)
Darden Restaurants (DRI)
Dollar General (DG)
Garmin (GRMN)
Genentech (DNA)
Goldcorp (GG)
Goldman Sachs (GS)
Hormel Foods (HRL)
JDS Uniphase (JDSU)
KOS Pharmaceuticals (KOSP)
McDonald’s (MCD)
Microsoft (MSFT)
NL Industries (NL)
Nordstrom (JWN)
NOVA Chemicals (NCX)
Penn National Gaming (PENN)
Ruth’s Chris Steak House (RUTH)
Schering-Plough (SGP)
Statoil ASA (STO)
Superior Industries International (SUP)
Tiffany (TIF)
Titanium Metals (TIE)
Ultra Petroleum (UPL)
United Technologies (UTX)
UnitedHealth (UNH)
Urban Outfitters (URBN)
Whole Foods Market (WFMI)

Bearish
Abercrombie & Fitch (ANF)
Aeropostale (ARO)
American Eagle Outfitters (AEOS)
Fleetwood Enterprises (FLE)
IBM (IBM)
Independence Community Bank (ICBC)
Lockheed Martin (LMT)
Microtune (TUNE)
Newmont Mining (NEM)
Plantronics (PLT)
Sirius Satellite Radio (SIRI)
Wells Fargo (WFC)
WPT Enterprises (WPTE)

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PortfolioCrafter - Market Commentary 9/23/05

Friday, September 23rd, 2005

PortfolioCrafterToday was a mixed day with the Dow Jones industrial average closing down 2.46 to 10,419.59, while the Nasdaq composite was up 6.06 or 0.3% to 2,116.84, and the Standard & Poor’s 500 closed up 0.67 to 1,215.29. However, for the five-day period, the Nasdaq lost 2%, the S&P 500 lost 1.8% and the Dow lost 2.1%.

After three sessions of losses, today the market breadth was positive. On the New York Stock Exchange, winners narrowly beat losers by a 16 to 15 score as 1.51 billion shares changed hands. On the Nasdaq, advancers topped decliners by 18 to 11 as 1.63 billion shares changed hands.

The Dow ended the day in negative territory, due in large part to a 5.7% drop in shares of Alcoa after the aluminum giant warned on its third-quarter results. Alcoa Inc. fell $1.48 to $24.42, its lowest level in over two years on reports of missing third-quarter earnings. Exxon Mobil closed down $1.15 to $63.83 as the oil sector continued to lose steam in tune with the price of the raw commodity. Some gainers on the Dow were General Motors that closed up $0.64 to $31.07, and Hewlett-Packard ended up $0.46 to $28.47. Honeywell was a bright spot with a rise of 89 cents to $37.48. Merrill Lynch said that the company had a 12-month price target of $45.Honeywell up $0.89 to $37.48, and United Technologies closed up $0.81 to $51.70.

After a torrid week, some tech stocks that moved positively were eBay that ended up $1.15 or 3% to $38.87, Google that closed up $3.99 to $315.36, and Amazon ended up $0.11 to $42.19. Goldman Sachs reiterated its “buy” rating on eBay, saying it sees a 20 percent potential upside to its 12-month share price target of $46. However, disappointing sales outlook from Oracle Corp. led its shares to tumble $1.07 or 7.9% to $12.45. Stock of Palm closed down $6.28 or 18% to $28.69 on reports of missing second-quarter target.

Goodyear Tire & Rubber Co. plans to close its more costly tire making plants, reducing capacity by 8% to 12% and acquire more of its products from Asia. This led the share to gain 50 cents to $15.50.

U.S. light crude Oil for November delivery fell $2.31 or 3.5% to settle at $64.19 a barrel on the New York Mercantile Exchange. However, during the week, the contract rose 1.3%. Gasoline and natural-gas futures contracts also ended lower on the session, but higher on the week.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 9/22/05

Thursday, September 22nd, 2005

CramersMadMoney.comWe have done our best to record Jim Cramer’s calls on his Mad Money CNBC show for you, but remember that Cramer often bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, cash register, bear growl, bowling pins, and submarine diving alarm buttons all at once, while he is screaming.

Please do your own research, and verify all information before acting on it.

Bullish
Abbott Laboratories (ABT)
Apple Computer (AAPL)
Banco Bradesco (BBD)
Caremark Rx (CMX)
Caterpillar (CAT)
Cendant (CD)
Commerce Bancorp (CBH)
ConocoPhillips (COP)
Dresser-Rand Group (DRC)
EnCana (ECA)
Exelon (EXC)
Federal Realty Investment Trust (FRT)
Halliburton (HAL)
Ingersoll-Rand (IR)
Natural Gas Services (NGS)
PepsiCo (PEP)
Petro-Canada (PCZ)
Psychiatric Solutions (PSYS)
Sears Holdings (SHLD)
Skyworks Solutions (SWKS)
Southwestern Energy (SWN)
Sunoco (SUN)
Total (TOT)
United Parcel Service (UPS)
UnitedHealth Group (UNH)
Varian Medical Systems (VAR)

Bearish
Alcoa (AA)
Avon (AVP)Flanders’ (FLDR)
Champion Enterprises (CHB)
FedEx (FDX)
Flanders’ (FLDR)
H.J. Heinz (HNZ)
Linens ‘n Things (LIN)
OraSure Technologies (OSUR)
Panacos Pharmaceuticals (PANC)
Pep Boys - Manny, Moe & Jack (PBY)
Simon Property (SPG)
TiVo (TIVO)
Ventana Medical Systems (VMSI)

Jim Cramer’s Real Money: Sane Investing In An Insane World
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PortfolioCrafter - Market Commentary 9/22/05

Thursday, September 22nd, 2005

PortfolioCrafterToday, the Dow Jones industrial average was up 44.02 or 0.4% to 10,422.05, the Standard & Poor’s 500 closed up 4.42 or 0.4% to 1,214.62, while the Nasdaq composite ended up 4.14 or 0.2% to 2,110.78.

Despite downgrade of hurricane Rita to category 4, the market breadth was negative. On the New York Stock Exchange, losers beat winners nine to seven on volume of 1.86 billion shares. On the Nasdaq, decliners topped advancers by 15 to 14 as 1.72 billion shares changed hands.

Some prominent gainers today on reports of better results were General Mills Inc. that gained $1.51 to $46.19, Sprint Nextel Corp. that tacked on 76 cents to $24.31, Scholastic Corp. that rose $1.08 to $36.96.

Caterpillar Inc. gained 89 cents or 1.6% to $58 on bets that the company will benefit from the rebuilding effort following the storms. Similarly Lowe’s was up $2.87 to $65.30, KB Home was up $2.98 or 4% to $73.70, Home Depot rose 1% to $38.75 on the same expectations.

Some retailers that bounced back were Wal-Mart Stores Inc which rose $0.70 or 1.7% to $43.19, McDonald’s was up $1.67 or 5.3% to $33.09 on statement that it was planning an IPO of its Chipotle Mexican restaurant chain and that its board has agreed to raise its annual stock dividend.

Stock of Cognos closed down $1.05 or 4.5% to $37.97 on reports of weaker-than-expected second quarter software licensing revenue and warning that third-quarter earnings won’t meet forecasts.

UBS upgraded Ingersoll-Rand to ‘Buy’ from ‘neutral’ and this boosted the stock to rise 3.4% to $39.47.

The two companies that announced elimination of jobs were Delta Air Lines Inc and Sony. Delta said that it will eliminate 7,000 to 9,000 jobs by the end of 2007 while Sony cowed to cut 10,000 jobs and also restructure. Sony stock ended down 5.6% at $33.95.

U.S. light crude oil for November delivery fell 30 cents to settle at $66.50 a barrel on the New York Mercantile Exchange. The American Petroleum Institute said 21 oil refineries, or 27.5% of U.S. refining capacity, sits in the potential path of Hurricane Rita. Natural-gas futures were up 19.6 cents at $12.79 per million British thermal units.

The Labor Department reported that the number of Americans filing new claims for unemployment rose to 432,000 last week. This is the highest in two years.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 9/21/05

Wednesday, September 21st, 2005

CramersMadMoney.comWe have done our best to record his calls for you, but be aware that the show is fast moving, and sometimes Cramer bangs on the sell, sell, sell, the bull, the train wreck, the suicide jump, the hallelujah chorus, and the submarine dive buttons all at once, while he is screaming.

Please do your own research, and verify any information before acting on it.

Bullish
Ashland (ASH)
Chesapeake Energy (CHK)
China Medical Technologies (CMED)
Donaldson (DCI)
Flanders (FLDR)
GameStop (GME)
General Motors (GM)
Intel (INTC)
Lucent (LU)
NovAtel (NGPS)
Parker Drilling (PKD)
Peabody Energy (BTU)
PetroChina (PTR)
Qualcomm (QCOM)
Rio Tinto (RTP)
Royal Bank of Canada (RY)
Textron (TXT)
The Southern Company (SO)
Toyota Motor ( TM)
XTO Energy (XTO)
Yum! Brands (YUM)

Bearish
AmSouth Bancorporation (ASO)
Applied Materials (AMAT)
Calpine (CPN)
Clean Harbors (CLHB)
First Niagara Financial (FNFG)
Fluor (FLR)
Gibraltar Industries (ROCK)
Linear Technology (LLTC)
Montpelier Re (MRH)
Seagate Technology (STX)
Shaw Group (SGR)
Synaptics (SYNA)
Tempur-Pedic (TPX)
Wal-Mart Stores (WMT)

Jim Cramer’s Real Money: Sane Investing In An Insane World
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PortfolioCrafter - Market Commentary 9/21/05

Wednesday, September 21st, 2005

PortfolioCrafterToday, the Dow Industrials closed down 103.49 points, or 1% at 10,378.03, the Standard & Poor’s 500 Index dropped 11.14 points, or 0.9% to 1,210.20 and the Nasdaq fell 24.69 points, or 1.2% to 2,106.64. The tech-rich index also ended at an early July low. This is the lowest levels for the Dow Jones Industrial Average and the Nasdaq Composite Index in nearly three months.

The market breadth was negative. On the New York Stock Exchange, losers beat winners two to one as 1.93 billion shares changed hands. On the Nasdaq, decliners topped advancers three to one on volume of 1.81 billion shares. While airline stocks traded lower on worries of higher fuel costs, energy companies and oil-services stocks rallied owing to the fresh spike in crude.

Morgan Stanley reported lower quarterly profits and slid down $0.65 to $51.75. Its chief executive has stepped down and the company has taken a $1 billion charge for the planned sale of its aircraft divisions. Advance Micro Devices closed down $0.90 to $22.10, and Microsoft slid $0.36 to $25.48. Avon Products closed down $3.60 or 11.8% to $27.00 on warnings of weaker sales and lower earnings. On concern over the impact of a surge in bankruptcy filings, shares of American Express Co. fell 2.6% to $57 and Capital One saw its shares, fall 2.4% to $79.99.

Stock of FedEx went up $6.15 or 8% to $83.15 after the package delivery firm reported higher fiscal first-quarter profit and boosted its earnings forecast for the fiscal year. Stock of ConAgra Foods Inc. rose 4.4% to $23.03 on news of first-quarter profits being more than double.

Intel Inc was upgraded to ‘Buy’ from ‘Neutral’ and AMD was downgraded to ‘Neutral’ from ‘Buy’. This led Intel shares to gain two cents to end at $24.50. Advanced Micro Devices shares, meanwhile, fell 90 cents to $22.10. Shares of Qualcomm Inc. rose 31 cents to $43.73, on news of forecast fourth-quarter earnings owing to stronger chip sales.

U.S. light crude Oil for October delivery rose 60 cents to settle at $66.80 on the New York Mercantile Exchange. This rise is despite increase in oil inventory and the report that OPEC would release an additional 2 million barrels of oil daily for three months starting Oct. 1. October natural-gas futures climbed 10.20 cents to 12.594 per million BTU.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 9/20/05

Tuesday, September 20th, 2005

CramersMadMoney.comWe have done our best to record his calls for you, but be aware that the show is fast moving, and sometimes Cramer bangs on the sell, sell, sell, the bull, the train wreck, the suicide jump, the hallelujah chorus, and the submarine dive buttons all at once, while he is screaming.

Please do your own research, and verify any information before acting on it.

Bullish
AmerisourceBergen (ABC)
Cardinal Health (CAH)
Cendant (CD)
Chattem (CHTT)
Corning (GLW)
Energy Partners (EPL)
ev3 (EVVV)
Genentech (DNA)
General Electric (GE)
Genesis Microchip (GNSS)
Georgia-Pacific (GP)
Google (GOOG)
Home Depot (HD)
Inco (N)
Iron Mountain (IRM)
Lowe’s (LOW)
Lyondell Chemical (LYO)
Microsoft (MSFT)
Newfield Exploration (NFX)
PetroQuest Energy (PQUE)
Procter & Gamble (PG)
Plum Creek Timber (PCL)
Qualcomm (QCOM)
Trident Microsystems (TRID)
Weyerhaeuser (WY)
Yahoo! (YHOO)

Bearish
Alkermes (ALKS)
Alnylam Pharmaceuticals (ALNY)
Blockbuster (BBI)
Building Materials Holding (BMHC)
China Medical Technologies (CMED)
Estee Lauder (EL)
First Commonwealth Financial (FCF)
PNC Financial Services (PNC)
Sabre Holdings (TSG)
Toll Brothers (TOL)
Verso Technologies (VRSO)
ViroPharma (VPHM)

Trading secrets from Jake Bernstein, author of over 35 books

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PortfolioCrafter - Market Commentary 9/20/05

Tuesday, September 20th, 2005

PortfolioCrafterToday, the Dow Jones Industrial Average closed down 76.11 points at 10,481.52, the Standard & Poor’s 500 fell 9.68 to 1,221.34 and the Nasdaq composite fell 13.93 points to 2,131.33.

The biggest financial news of the day was the vote to boost Fed funds rate by a quarter-percentage point to 3.75 percent. This is the 11th hike in a row with an accompanying statement that this process is likely to continue. This hike sparked a sell-off in equities since some investors had hoped that the central bank might leave rates unchanged.

Market breadth turned negative after having been positive until just before the announcement of boost in Fed Rates. Declines were broad-based, with 26 out of 30 Dow issues falling. On the New York Stock Exchange, losers beat winners 11 to 5 on volume of 1.72 billion shares and on the Nasdaq, decliners beat advancers three to two on volume of 1.88 billion shares.

On the Dow Jones, the biggest decliners were Alcoa which dropped $0.16 to $26.20, DuPont that fell $0.85 to $39.45, Hewlett-Packard that was down $0.60 to $28.28, Home Depot which fell $0.60 to $28.28, McDonald’s that was down $0.88 to $32.62, Honeywell was down $0.74 to $37.56, and Wal-Mart Stores fell $0.80 to $43.21. Amongst other shares that closed down were Tempur-Pedic International by $4.68 or 24% to $11.70, Delphi Corp. that fell 10.3% to $3.02, and Chemtura that dropped almost 23% to $11.70. Shares of Goldman Sachs closed down 23 cents at $118.05, on reported third-quarter revenue of $7.3 billion.

Amongst the gainers were Circuit City that closed up $0.92 or 6% to $16.43, StemCells was up $0.61 or 12% to $5.54 on release of a study that showed stem cells used to treat damaged spinal cords in mice improved mobility. The ripple of this report had a positive impact on Aastrom Bioscience which was up $0.09 or 7% to $2.42.

On news of downgradation of bottlers and retailers by Lehman Brothers, stocks of Coca-Cola Enterprises dropped 1.6% to $19.13, Pepsi Bottling stock fell 3.4% to $27.09 and PepsiAmericas gave up 4 to close at $23.25. J.P. Morgan downgraded the shares of Estee Lauder to ‘Neutral’ from Overweight’ which led to a fall of almost 10% to $36.48.

U.S. light crude oil for October delivery sank $1.16 to $66.23 a barrel on the New York Mercantile Exchange. Prices eased after news that OPEC agreed to make an additional 2 million barrels of oil a day available. Natural gas futures finished 1.4% lower at $12.492 per million BTU.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 9/19/05

Monday, September 19th, 2005

CramersMadMoney.comHaving trouble writing down all of Cramer’s picks? Want to see if he has just reversed himself on a stock in a show you missed?

We have done our best to record his calls for you, but be aware that the show is fast moving, and sometimes Cramer bangs on the sell, sell, sell, the bull, the train wreck, the suicide jump, the hallelujah chorus, and the submarine dive buttons all at once, while he is screaming.

Please do your own research, and verify any information before acting on it.

Bullish
Ameren (AEE)
American Science and Engineering (ASEI)
Ameritrade (AMTD)
CB Richard Ellis (CBG)
Charles Schwab (SCH)
Cisco Systems (CSCO)
Conexant Systems (CNXT) (Stock of the Week)
Cypress Semiconductor (CY)
E*Trade (ET)
Fortune Brands (FO)
Genesis Microchip (GNSS)
GFI Group (GFIG)
Goldcorp (GG)
Grey Wolf (GW)
Icici Bank (IBN)
Intel (INTC)
IntraLase (ILSE)
JDS Uniphase (JDSU)
L-3 Communications (LLL)
LSI Logic (LSI)
Merrill Lynch (MER)
National-Oilwell Varco (NOV)
Oneok (OKE)
Pioneer Natural Resources (PXD)
Procter & Gamble (PG)
Sears Holdings (SHLD)
Sprint Nextel (S)
StemCells (STEM)
Tata Motors (TTM)
Thermo Electron (TMO)
Time Warner (TWX)
TurboChef Technologies (OVEN)
UGI (UGI)

Bearish
Amkor Technology (AMKR)
Coeur d’Alene Mines (CDE)
EMC (EMC)
Great Wolf Resorts (WOLF)
Maytag’s (MYG)
Novell (NOVL)
Sirius Satellite Radio (SIRI)
Starbucks (SBUX)
Tempur-Pedic’s (TPX)
Whirlpool’s (WHR)

Trading secrets from Jake Bernstein, author of over 35 books

CramersMadMoney.com
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