Archive for February, 2006

Cramer’s Mad Money Daily Recap 2/17/06

Saturday, February 18th, 2006

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
@Road (ARDI) ($6.00 target)
Akamai Technologies (AKAM) ($34.00 target)
Blackboard (BBBB)
Crystallex International (KRY)
Cummins (CMI) ($100.00 target)
DRS Technologies (DRS) *
DTE Energy (DTE)
FPL (FPL)
Gap (GPS) * ($26.00 target)
Genzyme (GENZ)
JDS Uniphase (JDSU)
KeySpan (KSE) ($47.00 target)
Nabors (NBR) (guest host Aaron Task) ))))
Newell Rubbermaid (NWL) *
Pain Therapeutics (PTIE) *
Peabody Energy (BTU)
Pepsi (PEP)
Powerwave Technologies (PWAV)
Procter & Gamble (PG)
RF Micro Devices (RFMD) (guest host Aaron Task) ))))
Texas Roadhouse (TXRH)
Turkcell (TKCe) (guest host Aaron Task) ))))

Bearish
Coca-Cola (KO)
Dow Chemical (DOW) (guest host Aaron Task) ))))
Elan (ELN)
International Coal (ICO)
Krispy Kreme (KKD)
Krispy Kreme (KKD) (guest host Aaron Task) ))))
Marvell (MRVL) (guest host Aaron Task) ))))
Sirius (SIRI) (guest host Aaron Task) ))))
Sonus Networks (SONS)
Sulphco (SUF)
Under Armour (UARM)
XM Satellite Radio (XMSR) (guest host Aaron Task) ))))

All stocks called during Lightning Round on Mad Money TV show except:
* discussed on the Mad Money TV show
)))) discussed on the RealMoney Radio show

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 2/17/06

Saturday, February 18th, 2006

PortfolioCrafterInflation data clearly indicates that interest rates are to go higher, and this turned the sentiment week. Additionally, Dell’s disappointing outlook and rising oil prices were among the catalysts that sent stocks lower on Friday, at the end of an otherwise upbeat week for the stock market. A three-day weekend also weighed on investor sentiment.

Today, the Dow Jones Industrial Average closed down 5.36 points or 0.5% at 11,115.32, the broader Standard & Poor’s 500 Index ended down 2.14 points or 0.2% at 1,287.24, and the tech heavy Nasdaq Composite Index fell 12.27 points or 0.53% to 2,282.36. For the week, the Dow gained 1.8%, the S&P gained 1.6% and the Nasdaq rose 0.9%. In comparison, your Model Portfolio grew by 5.22%

Market breadth was mixed. On the New York Stock Exchange, losers beat winners 18 to 14 on volume of 1.56 billion shares. On the Nasdaq, decliners beat advancers by a 13 to 16 score on volume of 1.93 billion shares.

The Producer Price Index (PPI), showed a bigger-than-expected jump in January at both the core and overall level. It rose 0.3% with price increases for cars, trucks, electricity and drugs leading the way. Core producer prices, rose 0.4%, which is the biggest gain in a year. This is against the expected 0.2% rise for both inflation gauges. This report has have played into inflationary fears, particularly with new Federal Reserve Chairman Ben Bernanke testifying that future interest-rate hikes will be influenced by the data.

Another news of significance to the housing sector is that President Bush has rejected the idea of any change in the U.S. tax code that would eliminate the deduction for mortgage interest. In Florida, the president said that, “I don’t think you have to worry about the mortgage deduction not being a part of the income-tax law.”

It was Dell that impacted the Nasdaq today. The stock closed down $1.58 or 3.8% to $30.38, after issuing a current-quarter earnings and revenue forecast that was short of Wall Street predictions. Dell’s CEO also said the company has no plans to begin using chips from Advanced Micro Devices Inc. and this adversely affected Advanced Micro Devices that closed down $1.41 to $40.33, Intel closed down $0.74 to $20.61, and the Philadelphia Semiconductor index closed down 10.54 or 1.3% to 535.41. Intuit closed down $5.55 or 8.8% to $49.25, after warming that third-quarter earnings and revenue will miss forecasts and that full fiscal 2006 numbers could miss. RadioShack closed down $1.70 or 8.6% to $19.05, after reporting lower quarterly earnings that missed estimates.

On the upside, the recovery in oil stocks gave energy investors a reason to jump back into the sector. The Amex Oil index closed up 11.85 or 1.1% to 1,046.30. U.S. light crude oil rose but ended the session under $60 a barrel, a key psychological level. Crude for March delivery added $1.29 to settle at $59.75 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 2/16/06

Friday, February 17th, 2006

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) (guest host Aaron Task) ))))
Ameritrade (AMTD) ($22.00 target)
Apple (AAPL) (guest host Aaron Task) ))))
Avaya (AV) (guest host Aaron Task) ))))
Avista (AVA) (guest host Aaron Task) ))))
BE Aerospace (BEAV) (guest host Aaron Task) ))))
Boeing (BA) (80.00 target)
CBOT Holdings (BOT)
Cytyc (CYTC) *
DaVita (DVA)
Diageo (DEO) *
Dr. Reddy’s Laboratories (RDY) *
F5 (FFIV) (guest host Aaron Task) ))))
Google (GOOG) (guest host Aaron Task) ))))
Hershey (HSY)
Hexcel (HXL)
Hologic (HOLX)
McDermott International (MDR) *
Oneok (OKE)
Peabody Energy (BTU)
Pearson (PSO)
Rio Doce (RIO)
Symbol Technologies (SBL)
Tata Motors (TTM) *
Terex (TEX) ($80.00 target)
TradeStation (TRAD) ($20.00 target)
Western Digital (WDC) ($35.00 target)

Bearish
Atmel (ATML)
Consol Energy (CNX)
Constellation Brands (STZ) *
Motorola (MOT)
Plug Power (PLUG) (guest host Aaron Task) ))))
Rediff (REDF) (guest host Aaron Task) ))))
Shanda Interactive (SNDA) (guest host Aaron Task) ))))

All stocks called during Lightning Round on Mad Money TV show except:
* discussed on the Mad Money TV show
)))) discussed on the RealMoney Radio show

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 2/16/06

Thursday, February 16th, 2006

PortfolioCrafterThe Dow Jones Industrial Average strode to a new 4-1/2-year high, bolstered by robust data and better than expected earnings in the technology sector. Upbeat earnings from Hewlett-Packard and some continued good momentum gave investors an incentive to extend the recent advance.

The Dow Jones industrial average closed up 61.71 or 0.6% to 11,120.68, the Standard & Poor’s 500 index closed up 9.38 or 0.7% to 1,289.38, and the Nasdaq composite index closed up 18.20 or 0.8% to 2,294.63. It was the third session in a row that the tech heavy index has gained.

Market breadth was positive. On the New York Stock Exchange, winners topped losers 23 to 9 on volume of 1.31 billion shares. On the Nasdaq, advancers topped decliners 19 to 10 on volume of 1.63 billion shares.

Investors have shown a positive reaction to new Federal Reserve chief Ben Bernanke’s two days on Capitol Hill. However, the Dow and S&P 500 are in a pivotal place as they hit up against key technical levels that could either give stocks an extra boost, or send them back to the lower portion of the recent trading range. Investors have welcomed strong housing and manufacturing numbers, upbeat earnings from Hewlett-Packard and a midday report on manufacturing in the Mid-Atlantic region also gave stocks some additional support in the afternoon.

Another report brought the sunshine on housing sector. Housing starts have surged to the highest point in 33 years in January, buoyed by unseasonably warm weather. A separate report showed a larger-than-expected rise in weekly jobless claims. Yet, the number remained below 300,000, considered a positive by economists.

Shares of Hewlett-Packard Co closed up $2.38 or 7.4% higher at $34.05, after the company reported higher fiscal first-quarter earnings and revenue that rose from a year earlier. Applied Materials Inc. posted better-than-expected quarterly results. However, its stock closed down $0.50 to $19.96, despite issuing a bullish current-quarter revenue forecast. Network Appliance closed up $2.42 or 7% to $33.58, after reporting higher third-quarter earnings and revenue that topped forecasts. A consortium led by Cerberus Capital Management and Citigroup’s private-equity arm is the front-runner to buy a majority stake in General Motors Acceptance Corp., the financing arm of General Motors Corp. GM shares closed up more than 1.3% at $22.28.

Amongst losers, XM Satellite Radio tumbled down $1.27 or 6% to $23.98 after posting wider-than-expected fourth-quarter loss. Sirius Satellite Radio fell 2.4% to close at $5.67. Alcoa closed down $0.55 to $30.34, 3M lost $0.08 to $73.05, and Intel remained unchanged at $21.35. Expedia closed down $4.43 or 19% to $19.82, after reporting lower-than-expected quarterly earnings.

Crude futures rose in a bounce back from Wednesday’s session when the benchmark March contract fell to its lowest level since the end of November 2005. Crude closed up 81 cents at $58.46 a barrel. But that price is still generally supportive for stocks as it remained below $60 a barrel.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 2/15/06

Thursday, February 16th, 2006

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
Alcan (AL)
Altria (MO) )))) (guest host Aaron Task)
Applied Materials (AMAT) ($23.00 target) *
AutoZone (AZO)
Chesapeake Energy’s (CHK) (buy preferred, sell common)
Crocs ($35.00 target)(CROX) *
FTI Consulting (FCN)
GlaxoSmithKline (GSK)
Goldcorp (GG)
Graco (GGG)
Grey Wolf (GW) ($7.00 target)
Martek (MATK)
Nabors (NBR)
OptionsXpress (OXPS)
Procter & Gamble (PG) )))) (guest host Aaron Task)
Schering-Plough (SGP)
Sirius (SIRI)
Sun Microsystems (SUNW) )))) (guest host Aaron Task)
Tandberg Television (Oslo, Norway Stock Exchange)
Tom Online (TOMO)
ValueClick (VCLK) ($16.00 target)
Viisage (VISG) *

Bearish
Alberto-Culver (ACV)
American Power Conversion (APCC)
AnsThink (ANSR)
Apple (AAPL) )))) (guest host Aaron Task)
Chipotle (CMG) )))) (guest host Aaron Task)
Google (GOOG) )))) (guest host Aaron Task)
Mannatech (MTEX)
Southwest Air (LUV)
Under Armour (UARM) )))) (guest host Aaron Task)

All stocks called during Lightning Round on Mad Money TV show except:
* discussed on the Mad Money TV show
)))) discussed on the RealMoney Radio show

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

PortfolioCrafter - Market Commentary 2/15/06

Thursday, February 16th, 2006

PortfolioCrafterStocks closed higher as oil prices dropped another 3% and new Fed Chairman Ben Bernanke reassured investors that inflation concerns were not growing and gave them no reason to head for the exit.

Today, the Dow Jones industrial average closed up 30.58 or 0.3% to 11,058.97, the broader Standard & Poor’s 500 index closed up 4.47 or 0.4% to 1,280.00, and the Nasdaq composite index closed up 14.26 or 0.6% to 2,276.43.

Market breadth was positive. On the New York Stock Exchange, winners topped losers by about 9 to 7 on volume of 1.4 billion shares. On the Nasdaq, advancers topped decliners 3 to 2 as 1.5 billion shares changed hands.

In his first congressional testimony as Fed chief, Bernanke told Congress more rate hikes may be needed as the threat of higher inflation persists. He said higher energy prices could still spill over into wider price inflation and upward pressure on prices. He stated that the economy was strong last year despite obstacles including inflation and hurricanes, and that the outlook for 2006 was positive. This statement does not depart in any significant way from we would have heard from Greenspan, and shows continuity in policy.

The New York Federal Reserve Bank stated that manufacturing activity in the New York area held steady and the Empire State Manufacturing index inched higher to 20.3 in February from 20.1 in January. The U.S. industrial output fell 0.2% in January while capacity utilization soared to 80.9%. This decline reflects unseasonably warm winter weather.

Merrill Lynch said Wednesday it has agreed to merge its investment management business with BlackRock Inc. in a deal that will create a firm with nearly $1 trillion in assets under management. Merrill will hold a 49.8% stake and a 45% voting interest in the company that will operate under the BlackRock name. Merrill shares rose 14 cents to $75.30 while BlackRock’s stock surged 3.6% to $151.25. Stock of Merck gained over 1% after regulators agreed to review its application for a new diabetes drug. This places the company about 6 months ahead of its rivals in bringing the product to market.

Amongst losers, Abercrombie & Fitch Co. fell 2.1% to $67.33 after the fashion retailer told investors that earnings expectations for the year were overblown. Shares in Hewlett-Packard Co. fell 2.5% to $31.67 as investors awaited first-quarter report. Alcoa closed down $0.61 or nearly 2% to $30.76, American International Group closed down $0.11 to $68.28, McDonald’s lost $0.34 to $36.03, and General Motors closed down $0.09 to $21.83.

U.S. light crude oil for March delivery fell $1.87, or over 3% to $57.70 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 2/14/06

Wednesday, February 15th, 2006

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)
Autodesk (ADSK) )))) (guest host Aaron Task)
Caliper Life Sciences (CALP) *
Costco (COST)
First Data (FDC)
Freightcar America (RAIL)
Global Santa Fe (GSF)
Google (GOOG)
Knight Capital Group (NITE) ($15 target)
Lufkin Industries (LUFK)
Marvell Technology (MRVL)
Nabors (NBR) )))) (guest host Aaron Task)
Parallel Petroleum (PLLL)
Peabody Energy (BTU)
Petroleo Brasileiro (PBR) *
Seagate (STX) *
Tellabs (TLAB) )))) (guest host Aaron Task)
Ultra Petroleum (UPL)
Ultra Petroleum (UPL) )))) (guest host Aaron Task)
VCA Antech (WOOF)
Vivendi (V)

Bearish
Chesapeake Energy (CHK)
Escala Group (ESCL)
Mindspeed (MSPD)
Oakley (OO)
Palomar Medical (PMTI)
Vector Group (VGR)
Whole Foods (WFMI)

All stocks called during Lightning Round on Mad Money TV show except:
* discussed on the Mad Money TV show
)))) discussed on the RealMoney Radio show

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

PortfolioCrafter - Market Commentary 2/14/06

Tuesday, February 14th, 2006

PortfolioCrafterDow Jones Industrial Average crossed the psychologically key 11,000 mark for the first time since January as stocks rallied following a surge in January retail sales and a drop in crude-oil prices This helped quell worries about a slowdown in consumer spending, and what’s now required is a positive speech tomorrow.

Today, the Dow Jones industrial average closed up 136.07 or 1.3% to 11,028.39, the broader Standard & Poor’s 500 index closed up 12.67 or 1% to 1,275.53, and the Nasdaq composite index ended up 22.36 or 1% to 2,262.17.

Market breadth was positive. On the New York Stock Exchange, winners beat losers by eleven to five on volume of 1.81 billion shares. On the Nasdaq, advancers topped decliners by nearly two to one on volume of 1.84 billion shares.

As our continuing endeavor towards getting to you ‘Bigger Bang for you Buck’, the Portfolio Crafter from tomorrow will offer for F.R.E.E to all existing subscribers an additional service with a long term perspective. We shall maintain two Model Portfolios; the current Portfolio shall be MP A, and the new one shall be MP B. The MP B would recommend stocks where each position shall be held for 3 months to 1 year. Additionally, we are also bringing to you quality services such as articles, video lessons etc.

Tomorrow the focus shall be on interest rates and the economy when the new Federal Reserve Chairman Ben Bernanke testifies before the Congress. While he is not expected to say anything to rattle the markets, his comments will be closely dissected.

January retail sales jumped 2.3%, which is the biggest gain since May 2004. Surprisingly, auto sales autos rose 2.2%, which was much stronger than expected. This was a welcome change from the recent worries about the economy slowing down. The retail sales report could propel economic growth to a rate of at least 5% for the quarter.

Today there were broad based gains with 28 out of 30 Dow components rising. Home Depot closed up $1.43 or 3.6% to $41.13, Wal-Mart closed up $0.94 or 2.1% to $46.45, Alcoa ended up $1.13 to $31.37, DuPont closed up $0.84 to $40.99, and machinery maker Caterpillar closed up $1.60 to $70.22. 3M closed up $0.79 or 1.1% to $73.70, after announcing that it was boosting its quarterly dividend and authorized the repurchasing of $2 billion in outstanding shares in 2006.

U.S. light crude oil for March delivery sank $1.67, a drop of nearly 3%, to $59.57 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 2/13/06

Tuesday, February 14th, 2006

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
Adidas * (Frankfurt Stock Exchange)
Allegheny Tech (ATI)
Amgen (AMGN)
Apple (AAPL)
Arena Pharmaceuticals (ARNA) ($20.00 target) *
Bank of America (BAC) )))) (guest host Aaron Task)
Chesapeake Energy (CHK) )))) (guest host Aaron Task)
Cisco (CSCO) )))) (guest host Aaron Task)
Citi Trends (CTRN)
ConocoPhillips (COP)
Cypress Semiconductor (CY) )))) (guest host Aaron Task)
Dominos Pizza (DPZ)
Energy Conversion Devices (ENER) *
ENGlobal (ENG)
Evergreen Solar (ESLR) *
First Data (FDC) ($50.00 target)
Fortune Brands (FO)
Genentech (DNA)
Genzyme (GENZ)
Gilead (GILD)
Google (GOOG) )))) (guest host Aaron Task)
Hartford Financial (HIG)
Inamed (IMDC) *
Intel (INTC) )))) (guest host Aaron Task)
Labranche (LAB) ($15.00 target)
Marchex (MCHX) ($18.00 target)
Medicis Pharmaceuticals (MRCS)
MetLife (MET)
Motient (MNCP) *
Nabors (NBR) )))) (guest host Aaron Task)
Nighthawk Radiology (NWHK)
Progenics Pharmaceuticals (PGNX)
Prudential (PRU)
Schlumberger (SLB)
Sirenza Microdevices (SMDI) ($10.00 target)
Starbucks (SBUX) ($32.00 target)
SunPower (SPWR) *
Sysco (SYY) ($27.00 target)
Under Armour (UARM) *
Xilinx (XLNX) )))) (guest host Aaron Task)

Bearish
Broadcom (BRCM) )))) (guest host Aaron Task)
Cymer (CYMI)
International Speedway (ISCA)
Lucent (LU)
Nike (NKE) *
OSI Pharmaceuticals (OSIP)
Papa John’s (PZZA)
Tellabs (TLAB) )))) (guest host Aaron Task)

All stocks called during Lightning Round on Mad Money TV show except:
* discussed on the Mad Money TV show
)))) discussed on the RealMoney Radio show

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

PortfolioCrafter - Market Commentary 2/13/06

Monday, February 13th, 2006

PortfolioCrafterFear of the unknown - Stocks closed lower today amidst concern about what the new Fed chief might say, worries about inflation and interest-rate after a Fed official said that economic growth appeared to be picking up. Investors bailed out of a slew of sectors awaiting the mid-week testimony from new Federal Reserve Chairman Ben Bernanke.

Today, the Dow Jones industrial average closed down 26.73 or 0.3% to 10,892.32, the broader Standard & Poor’s 500 index closed down 4.13 or 0.3% to 1,262.86, and the Nasdaq composite index closed down 22.07 or nearly 1% to 2,239.81.

Market breadth was negative. On the New York Stock Exchange, losers beat winners seven to four on volume of 1.36 billion shares. On the Nasdaq, decliners topped advancers by nine to five on volume of 1.69 billion shares.

Early economic reports for January show the economy is doing better than the 1.1% growth rate in the nation’s GDP in the last three months of 2005. This could be an indication that the Fed has still some way to go before it ends its cycle of interest rate hikes. Investors are also keen to hear new Federal Reserve chairman Ben Bernanke’s take on the economy and the monetary policy when he addresses Congress in semi-annual testimony on Wednesday. Some investors are concerned that Bernanke may want to come across as an aggressive inflation-fighter, so as to establish himself from the get go. However, most feel that he is likely to stick to say as little as possible that will rattle markets.

However, it appears that the stock market will have trouble moving higher as long as the inversion in bond yields is not reversed. Inversion occurs when longer-term Treasury yields fall below short-term yields. Banks typically fund long-term loans with short-term borrowings. With yields inverted, it becomes difficult for banks to make money and thus they are less inclined to lend. Such a scenario could lead to a slowdown in economic growth.

Amongst losers, Google closed down $16.91 or 4.7% to $345.70, on reports about competition from Microsoft that may reduce the share to half the price within an year. Microsoft closed down $0.30 to $26.39, and Yahoo closed down $0.47 to $32.04, amid pricing pressure for online ad sales. Intel closed down $0.16 to $21.13, and lead the Philadelphia Semiconductor to close down 7.59 or 1.4% to 532.80. Research in Motion lost 2.5% to close down $1.72 to $68.35, on news that Microsoft is introducing several devices to challenge Blackberry. Starbucks closed down $0.93 or 2.6% to $34.57, after a UBS analyst downgraded the specialty coffee retailer to “neutral”.

Merrill Lynch is reportedly in talks to spend about $8 billion to buy a large stake in BlackRock. Stock of Merrill Lynch closed up $1.04 to $73.83, and BlackRock gained $10.48 or 8% to $141.99.

U.S. light crude oil for March delivery fell 60 cents to settle at $61.24 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter