Archive for October, 2005

PortfolioCrafter - Market Commentary 10/31/05

Monday, October 31st, 2005

PortfolioCrafterStocks jumped on Monday at the end of an otherwise tough month for Wall Street, in which worries about inflation and slower earnings and economic growth dominated. The rally was led by the Nasdaq.

Today, the Nasdaq composite closed up 30.42 or 1.5% to 2,120.30, the Dow Jones industrial average gained 37.30 or 0.4% to 10,440.07, and the Standard & Poor 500 ended up 8.60 or 0.7% to 1,207.01. For the month, the Nasdaq lost 1.4%, the S&P 500 lost 1.8% and the Dow 30 lost 1.2%. The Philadelphia Semiconductor closed up 7.77 or 1.8% to 432.64, the Amex Oil Index closed up 16.64 or 1.7% to 985.62, the Dow Jones Home Construction Index closed up $21.18 or 2.5% to $859.67.

Market breadth was positive. On the New York Stock Exchange, there were 24 advancing stocks for every seven decliners on volume of 1.9 billion shares. On the Nasdaq, advancers beat decliners by 21 to 8 as 1.91 billion shares changed hands.

Amongst takeover bids, Gold producer Barrick Gold closed down $1.95 or 7% to $25.25, after making a bid for rival Placer Dome which closed up $3.44 or 20% to $19.95. The deal is worth $9.2 billion in cash and stock. Saks announced that it was selling its Northern department store group to Bon-Ton Stores for $1.1 billion in cash. Saks closed up $1.49 or 9% to $18.15, and Bon-Ton Stores closed up $3.39 or 20% to $20.05. Novartis said it would buy the remaining stake Chiron for $5.1 billion. This made Chiron end up $0.74 to $44.14. Spanish telecom provider Telefonica has also agreed to buy mobile phone company O2 PLC for $31.6 billion. PMC-Sierra also closed up $0.76 or 12% to $7.10, after the chipmaker said it had agreed to buy Agilent Technologies Inc which ended up $1.01 to $32.01. Wal-Mart Stores closed up $1.81 or 4% to $47.31, Caterpillar ended up $1.52 or 3% to $52.59, and General Motors Corp. closed up 14 cents at $27.40.

Amongst losers Qualcomm closed down $1.31 or over 3% to $39.76, Knight-Ridder Inc. retreated 1.6%, dropping 89 cents to $53.38, shares of Kellogg Co. lost nearly 5%, closing down $2.29 at $44.17.

U.S. light crude oil for December delivery slipped $1.46 to settle at $59.76 a barrel on the New York Mercantile Exchange. Natural-gas futures fell to their lowest level in more than six weeks as mild weather eased seasonal heating concerns. Natural gas for December delivery fell 6.5% to close at $12.205 per million BTU.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 10/28/05

Saturday, October 29th, 2005

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the show is fast moving, and sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all aboard, applause, 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. This summary of Cramer’s picks is not intended to replace watching the show, where his comments about the stocks often include advice about entry and exit points.

Bullish
Altria (MO)*
Best Buy (BBY)
Broadcom (BRCM)
Costco Wholesale (COST)
Dean Foods (DF)*
Enbridge (ENB)*
Intel (INTC)
IntraLase (ILSE)
Intuitive Surgical (ISRG)
Johnson Controls (JCI)*
Kinder Morgan (KMI)*
LeapFrog (LF)*
Lexar Media (LEXR)
National Semiconductor (NSM)
OraSure Technologies (OSUR)
PNM Resources (PNM)
Procter & Gamble (PG)
Qualcomm (QCOM)*
Southwest Gas (SWX)
Syneron Medical (ELOS)
TurboChef Technologies (OVEN)
Valero Energy (VLO)
Wellman (WLM)
Yellow Roadway (YELL)

Bearish
Amylin Pharmaceuticals (AMLN)*
Audible (ADBL)
Blackboard (BBBB)
Buffalo Wild Wings (BWLD)*
California Micro Devices (CAMD)
Cosi (COSI)
CSX (CSX)
Cutera (CUTR)
Energizer Holdings (ENR)
Georgia Gulf (GGC)
Kraft Foods (KFT)*
Lawson Software (LWSN)
Mesa Air Group (MESA)
Olin (OLN)
Overstock.com (OSTK)*
PolyOne (POL)
Research In Motion (RIMM)*
Schnitzer Steel Industries (SCHN)
Shaw Group (SGR)
Sigma Designs (SIGM)
Southwest Airlines (LUV)
Unisys (UIS)

*mentioned during show - all other stocks called during Lightning Round

Free Trading Tools worth $425 - Offer expires Monday, October 31, 2005! Click here to order.

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PortfolioCrafter - Market Commentary 10/28/05

Saturday, October 29th, 2005

PortfolioCrafterAfter three sessions of downslide, stocks today rallied back at the end of a tough week. Investors cheered a report showing the economy flourished in the third quarter despite two massive hurricanes, surging energy prices, and a probe of White House officials that resulted in only one indictment leaving the most senior staff members untouched.

Today, the Dow Jones industrial average closed up 172.82 or 1.7% to 10,402.77, the broader Standard & Poor 500 finished up 19.51 or 1.7% to 1,198.41, and the Nasdaq composite index closed up 26.07 or 1.3% to 2,089.88. For the week, the rises were 1.8% for the Dow Jones Industrials, 0.4% for the Nasdaq Composite and 1.6% for the S&P 500.

The market breadth was positive. On the New York Stock Exchange, winners topped losers by 23 to 8 as 1.74 billion shares changed hands. On the Nasdaq, advancers beat decliners 20 to 9 as 1.86 billion shares changed hands. Gains were broad based, with 29 out of 30 Dow stocks gaining.

Amongst other indices, the Philadelphia Semiconductor index closed down 2.77 or 0.7% to 424.87, the Dow Jones Home Construction Index ended $23.59 or 2.9% to $838.49, the Amex Oil index gained 23.84 or 2.5% to 968.98, the Russell 2000 finished up 11.30 or 1.8% to 635.33, the Dow Jones Transportation average closed up 67.49 or 1.8% to 3,741.81.

Gainers on the Dow included Microsoft that gained 2.6% to $25.46 after reporting earnings that topped forecasts. Other gainers included Verizon Communications up $0.94 to $31.70, Hewlett Packard ended up $1.16 to $27.96, Caterpillar ended up $1.17 to $51.07, Boeing soared up $1.59 to $65.64, Home Depot finished up $1.13 to $40.52, and Avon Products finished up $3.08 or over 14% to $27.79, after reporting quarterly earnings that were better than expected. Yellow Roadway also closed up $2.38 or 5.6% to $44.63, after reporting quarterly earnings that r topped forecasts. ChevronTexaco also reported reversed higher third-quarter results and closed up 1.6% at $57.38.

Amongst the losers today were Maxim Integrated Products that closed down $4.36 to $34.60, after reporting quarterly earnings and revenue that fell from a year ago. Bristol-Myers Squibb ended down $0.53 or 2.5% to $21.14, after reporting third-quarter earnings that missed analysts’ estimates. KLA-Tencor closed down 3.8% at $45.43. The company’s earnings and revenue outlooks fell short of expectations and its first-quarter net income dropped 34%.

U.S. light crude oil rose 13 cents to settle at $61.22 a barrel on the New York Mercantile Exchange, after having swayed on both sides of unchanged throughout the session.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 10/27/05

Thursday, October 27th, 2005

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the show is fast moving, and sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all aboard, applause, 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. This summary of Cramer’s picks is not intended to replace watching the show, where his comments about the stocks often include advice about entry and exit points.

Bullish
Agilent Technologies (A)
Amedisys (AMED)
American Express (AXP)
Ameriprise Financial (AMP)
ATI Technologies (ATYT)*
Broadcom (BRCM)
Colgate-Palmolive (CL)
Conexant (CNXT)*
Express Scripts (ESRX)
Goldman Sachs (GS)
Honda Motor (HMC)*
Juniper Networks (JNPR)
Kirin Brewery (KNBWY)*
Microsoft (MSFT)*
Mitsubishi UFJ Financial Group (MTU)*
Procter & Gamble (PG)
RF Micro Devices (RFMD)
Sunrise Senior Living (SRZ)
Teva Pharmaceutical Industries (TEVA)
Texas Instruments (TXN)
Toyota Motor ™*
UnitedHealth Group (UNH)*

Bearish
Avaya (AV)
Cabela’s (CAB)
Chicago Bridge & Iron (CBI)
Comcast (CMCSA).
DaimlerChrysler (DCX)*
Ford (F)*
General Motors (GM)*
KLA-Tencor (KLAC)*
Sirius Satellite Radio (SIRI)
XM Satellite Radio (XMSR)

*mentioned during show - all other stocks called during Lightning Round

If the prospect of making 76%, 134% or 4,298% on your money excites you and the $995 price tag doesn’t make you wince…I encourage you to subscribe to Recon Trade Alert. Click here for details.

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PortfolioCrafter - Market Commentary 10/27/05

Thursday, October 27th, 2005

PortfolioCrafterToday was the third consecutive day that stocks fell as concerns about slower-earnings growth combined with classic seasonal weakness sent the market lower. Ailing General Motors, and the impact of a possible indictment of key Bush administration officials on the president’s economic agenda added fuel to fire.

The Dow Jones industrial average closed down 115.03 or 1.1% to 10,229.95, the broader Standard & Poor 500 ended down 12.48 or just over 1% to 1,178.90, and the Nasdaq composite finished down 36.22 or 1.7% to 2,063.81. This was the biggest one-day drop in more than three weeks for the Nasdaq.

Amongst other indices, the Dow Jones Home Construction Index closed down $30.73 or 3.6% to $814.90, the Philadelphia Semiconductor Index closed down 11.94 or 2.7% to 427.64, the Amex Networking Index ended down 7.15 or 3.2% to 218.98, and the Philadelphia Oil Service Index ended down by 2.5%.

The market breadth was negative. On the New York Stock Exchange, losers beat winners by almost three to one on volume of 1.78 billion shares. On the Nasdaq, decliners topped advancers by more than three to one as 1.74 billion shares changed hands. Declines were broad based, with 25 out of 30 Dow issues falling on the session. A variety of tech stocks also slumped today.

General Motors closed down $1.98 or 6.8% to $27.19, on reports that the Securities and Exchange Commission had issued subpoenas regarding its pension-accounting and insurance practices. Speculation that it was planning to file for bankruptcy also fueled this slide. Alcatel closed down $0.95 to $11.66, after cutting its full-year profit target. Exxon Mobil closed down $0.60 to $55.60, after it reported earnings per share that rose from a year ago but missed analysts’ estimates. Digital River ended down $9.77 or 26% to $27.71, after slashing 2006 forecasts late Wednesday. Johnson & Johnson ended down 2.2% at $61.44 after the Food and Drug Administration rejected Dapoxetine, its new drug for premature ejaculation. Shares of Baidu.com Inc tumbled down 13.2% to end at $70.35 after the Chinese Internet search engine’s first quarterly results fell short of analyst expectations. Shares in Martha Stewart Living Omnimedia Inc. ended down 15.2% at $17.97 after the company reported a deeper third-quarter loss and forecast a flat fourth quarter.

Amongst few gainers, Verizon Communications climbed as much as 2.4% to $31.32 after the telecom giant posted forecast-beating third-quarter results. The stock ended up 17 cents at $30.76. Goodyear Tire & Rubber Co. ended up $1.97, or 14.7% at $15.35 after citing strong operating results in its tire businesses, improved pricing and product mix, and higher volume in its international operations for the performance.

U.S. light crude oil for December delivery jumped 43 cents to settle at $61.09 a barrel on the New York Mercantile Exchange, after sliding 2.5 percent on Wednesday.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 10/26/05

Thursday, October 27th, 2005

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the show is fast moving, and sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all aboard, applause, 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. This summary of Cramer’s picks is not intended to replace watching the show, where his comments about the stocks often include advice about entry and exit points.

Bullish
Altria (MO)
American International Group (AIG)
Banco Bradesco (BBD)
Bancolombia (CIB)
Boeing (BA)
Cemex (CX)
CheckFree (CKFR)*
Cypress Semiconductor (CY)*
Digital Insight (DGIN)*
Google (GOOG)*
HDFC Bank (HDB)
Honda Motor (HMC)*
MetLife (MET)
Microsoft (MSFT)
Motorola (MOT)
Nabors (NBR)*
Norsk Hydro (NHY)*
Online Resources (ORCC)*
PepsiCo (PEP)
Procter & Gamble (PG)*
Prudential Financial (PRU)
Shaw Group (SGR)*
Sirius Satellite Radio (SIRI)*
Statoil (STO)*
Titanium Metals (TIE).
Toyota Motor ™*
Yahoo! (YHOO)*

Bearish
Amazon.com (AMZN)*
Evergreen Solar (ESLR)*
Fairmont Hotels & Resorts (FHR)
H&R Block (HRB)
IACI/Interactive Corp (IACI)*
Johnson & Johnson (JNJ)
Knot (KNOT)
Morgan Stanley (MWD)
Nordstrom (JWN)
Overstock.com (OSTK)*
Starbucks (SBUX)
Tibco Software (TIBX)
Wells Fargo (WFC)

*mentioned during show - all other stocks called during Lightning Round

If the prospect of making 76%, 134% or 4,298% on your money excites you…the risk involved in trading these stocks doesn’t scare you…and the $995 price tag doesn’t make you wince…I encourage you to subscribe today - as quickly as possible - to Recon Trade Alert. Click here for details.

Having trouble writing down all of Cramer’s picks? Free daily recap newsletter to your inbox

PortfolioCrafter - Market Commentary 10/26/05

Thursday, October 27th, 2005

PortfolioCrafterToday stocks slipped as investors ignored falling oil prices and focused on long-term interest rates that hit seven-month highs and mixed quarterly earnings. Investors were worried over higher borrowing costs and disappointing earnings from Boeing Co., Amazon and Anheuser-Busch Cos.

The Dow Jones industrial average closed down 32.89 or 0.3% to 10,344.98, the Standard & Poor 500 finished down 5.16 or 0.4% to 1,191.38, and the Nasdaq composite ended down 9.40 or 0.4% to 2,100.05. Additionally, the Amex Networking closed down 4.76 or 2% to 226.13.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by more than 21 to 10 on volume of 1.83 billion shares. On the Nasdaq, decliners topped advancers almost 17 to 11 as 1.87 billion shares changed hands.

The losers included Amazon.com down $6.43 or almost 14% to $39.74, after reporting lower earnings that missed estimates. The online retailer’s earnings dropped 44% and its fourth-quarter sales forecast was below Wall Street expectations. Flextronics closed down $2.90 or 24% to $9.20, after reporting fiscal second-quarter earnings that missed forecasts and issuing a third-quarter profit outlook that is below estimates. Lucent Technologies closed down $0.18 or nearly 6% to $2.93, after reporting weaker quarterly earnings. Guidant finished down $2.25 to $62.45, Medtronic ended down $0.23 to $56.74, and St Jude Medical finished down $0.75 to $47.52. Boeing slipped 2.7% after reporting quarterly earnings that grew from a year ago but missed forecasts. The share closed down at $65.10. Stun gun maker Taser International fell about 7.6% to $6.45 after the company posted earnings of $270,945. Anheuser-Busch fell 2.2% to $40.80.

Amongst gainers, Wal-Mart Stores, closed up 19 cents at $45.58, and International Paper rose 2.4% to $28.68 after Citigroup upgraded the stock to buy from hold.

There was a 3% slide in oil prices today. U.S. light crude oil for December delivery fell $1.78 to settle at $60.66 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 10/25/05

Tuesday, October 25th, 2005

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the show is fast moving, and sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all aboard, applause, 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. This summary of Cramer’s picks is not intended to replace watching the show, where his comments about the stocks often include advice about entry and exit points.

Bullish
Chesapeake Energy (CHK)
Chevron (CVX)
Credicorp (BAP)*
Fiserv (FISV)*
Harrah’s Entertainment (HET)
IntraLase (ILSE)
Lan Airlines (LFL)*
Micron Technology (MU)*
Petrobras Energia Participaciones (PZE)*
Pike Electric (PEC)
Scottish Power (SPI)
Southern Copper (PCU)*
Southwestern Energy (SWN)
St. Joe (JOE)*
Syneron Medical (ELOS)
Yellow Roadway (YELL)

Bearish
Abgenix (ABGX)
Anheuser-Busch (BUD)
Applied Materials (AMAT)*
Ford (F)
i2 Technologies (ITWO)
KLA-Tencor (KLAC)*
Lions Gate Entertainment (LGF)
NetEase.com (NTES)
Novellus Systems (NVLS)*
Progress Software (PRGS)
Schlumberger (SLB)
Stryker (SYK)
Time Warner (TWX)
Veeco Instruments (VECO)
Zimmer Holdings (ZMH)

*mentioned during show - all other stocks called during Lightning Round

Lock in enough profits within the first 60 minutes of trading and take the rest of the day off. First Hour Trading shows you how to, and it’s risk-free. Click here for details.

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 10/25/05

Tuesday, October 25th, 2005

PortfolioCrafterThe Wall Street showed resilience today as stocks closed with just modest losses. With oil prices back above $62 a barrel and a spate of disappointing third-quarter earnings results, investors were unable to manintain the advances made on Monday after President Bush tapped White House adviser Ben Bernanke to replace Alan Greenspan as Federal Reserve chairman.

The Dow Jones industrial average lost 7.13 points or 0.1% at 10,377.87, the broader Standard & Poor 500 index lost 2.84 points or 0.2% at 196.54, and the Nasdaq composite lost 6.38 or around 0.3% to 2,109.45.

Amongst other indices, the Amex Oil index added about 1.9%, the Dow Jones Home Construction Index lost 1.7%, and the Philadelphia Semiconductor Index lost 1%.

The market breadth was negative. On the New York Stock Exchange, losers beat winners by more than three to two on volume of 1.71 billion shares. On the Nasdaq, decliners topped advancers three to two as 1.63 billion shares traded hands.

Disappointing earnings and forecast set the market gloom. Texas Instruments sank 7.7% to $28.55 after the company said that its fourth-quarter sales numbers would fall short of forecasts. This was despite reporting a 12% in third quarter income. Altera also issued a fourth-quarter revenue forecast that fell short of expectations, which led the share to lose 7.3%. PortalPlayer lost nearly 28% after saying it would increase outstanding shares by 18 percent, by diluting the value of shares currently held. Lexmark International slipped 6.5% on news that third-quarter earnings and revenue fell by more than 50% from a year ago. Stock of eBay fell 3.6% on reports that Goggle may be launching a product to compete with eBay’s PayPal. Cablevision slumped 12.7% after the company’s controlling shareholders withdrew their offer to take the company private. Shares of Northrop Grumman lost nearly 2% and closed at $52.92. Fellow defense contractor Lockheed Martin also fell 1.8% to $61.23. This is despite reporting a 39% rise in quarterly earnings.

Amongst gainer, DuPont gained around 3% at $40.80. The chemical giant reported a third-quarter loss of $82 million and lowered fourth-quarter earnings estimates. But it also announced a $5 billion buyback. Honeywell also rose early 1.7% on upgradation by the Deutsche Bank. However, the stock lost its gains and closed down 0.5% at $33.72.

U.S. light crude oil for December delivery jumped $2.12, or 3.5%, to settle at $62.44 a barrel on the New York Mercantile Exchange. Natural gas also climbed $1.334 to $14.338 per million BTU.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 10/24/05

Monday, October 24th, 2005

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the show is fast moving, and sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all aboard, applause, 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. This summary of Cramer’s picks is not intended to replace watching the show, where his comments about the stocks often include advice about entry and exit points.

Bullish
Bank of America (BAC)
CBOT Holdings (BOT)
Cendant (CD)*
Cerner (CERN)
Cheniere Energy (LNG)*
Chicago Mercantile Exchange (CME)
GameStop (GME)
Georgia Gulf (GGC)
Google (GOOG)
Harley-Davidson (HDI)
Headwaters (HW)
International Business Machines (IBM)
IntraLase (ILSE)
Johnson Controls (JCI)*
MetLife (MET)
Micron Technology (MU)
Nabors Industries (NBR)*
PetSmart (PETM)
PortalPlayer (PLAY)*
Prudential Financial (PRU)
Refco (RFXCQ)*
Schering-Plough (SGP)*
Sonic (SONC)
St. Joe (JOE)
Texas Instruments (TXN)*
ValueClick (VCLK)

Bearish
Alpharma (ALO)
Biovail (BVF)
Cisco (CSCO)
Corning (GLW)
Electronic Arts (ERTS)
Genuine Parts (GPC)*
LCA-Vision (LCAV)
Premium Standard Farms (PORK)
Technologies (ATYT)
Technologies (ZNT)
Zenith National Insurance (ZNT)

*mentioned during show - all other stocks called during Lightning Round

Imagine locking in enough profits within the first 60 minutes of trading that you could take the rest of the day off and do whatever you wanted. That’s exactly what First Hour Trading shows you how to do, and it’s risk-free. Click here for details.

Having trouble writing down all of Cramer’s picks?
Want to see if he has changed his mind about a stock?
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