Archive for May, 2006

Cramer’s Mad Money Daily Recap 5/30/06

Wednesday, May 31st, 2006

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the shows are 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 shows, where his comments about the stocks often include advice about entry and exit points.

Bullish
Anheuser Busch (BUD) (Lightning Round)
Bank of America (BAC) (Lightning Round)
Boeing (BA) (RealMoney Radio)
Cedar Fair (FUN) (Lightning Round)
Citigroup (C) (Lightning Round)
Clorox (CLX) (featured on Mad Money)
Comcast (CMCSA) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
Crystallex International (KRY) (Lightning Round)
Enbridge (ENB) ($40 target) (featured on Mad Money)
Enbridge (ENB) (Lightning Round)
Gap (GPS) (RealMoney Radio)
General Motors (GM) (mentioned on Stop Trading!)
Hain Celestial (HAIN) (Lightning Round)
Halliburton (HAL) ($90 target) (RealMoney Radio)
Halliburton (HAL) (Lightning Round)
Hershey (HSY) (RealMoney Radio)
Marvell (MRVL) (mentioned on Stop Trading!)
Nektar Therapeutics (NKTR) (Lightning Round)
Netgear (NTGR) (featured on Mad Money)
Pepsico (PEP) (Lightning Round)
Regal Entertainment (RGC) (mentioned on Stop Trading!)
Silicon Labs (SLAB) (mentioned on Stop Trading!)
Transmeridian Exploration (TMY) (CEO interview on Mad Money)
URS (URS) (Lightning Round)
VeriFone Holdings (PAY) (Lightning Round)
Williams Companies (WMB) (RealMoney Radio)

Bearish
Best Buy (BBY) (RealMoney Radio)
Circuit City (CC) (RealMoney Radio)
eBay (EBAY) (Lightning Round)
Falconbridge (FAL) (Lightning Round)
General Motors (GM) (RealMoney Radio)
IndyMac Bancorp (NDE) (Lightning Round)
Marshall & Ilsley (MI) (Lightning Round)
Marvell Technology (MRVL) (Lightning Round)
Maverick Tube (MVK) (Lightning Round)
Oil States International (OIS) (Lightning Round)
Sealy (ZZ) (Lightning Round)
Six Flags (PKS) (Lightning Round)
SunOpta (STKL) (Lightning Round)
XM Satellite Radio (XMSR) (Lightning Round)

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 5/30/06

Tuesday, May 30th, 2006

PortfolioCrafterStocks broke a three-session run of gains, after a rise in oil prices, a falling dollar and a disappointing sales forecast from Wal-Mart Stores Inc. raised questions about the outlook for inflation and economic growth. The Dow tumbled 184, Nasdaq sank 2% as investors worried about slowing growth. The outlook appears bleak ahead of a week packed with economic news.

Today, the Dow Jones industrial average closed down 184.18 or 1.6% to 11,094.43, the broader Standard & Poor’s 500 index closed down 1.6% and the Nasdaq composite index closed down 45.63 or over 2% to 2,164.74. These declines were the third-biggest in point terms for all three major gauges.

Market breadth was negative. On the New York Stock Exchange, decliners beat advancers by a margin of three to one on volume of 1.5 billion shares. On the Nasdaq, losers also beat winners by a margin of three to one as 1.7 billion shares changed hands.

It is evident that the investors continue to be uncertain; and when there is uncertainty the markets move lower. History shows that in 2004 there were three pullbacks in the market and the average of those three pullbacks was 7.4%. When transposed to the current situation, the S&P may fall from its peak of 1,326 to a target of 1,230. The key factors for the sell-off today were higher oil prices and Wal-Mart’s May sales forecast. It is feared that the low-income consumer is finally succumbing to gas prices. Economist predict that the market will remain volatile over the next month as investors pore over each upcoming economic report for clues on the future outlook for interest rates. Additionally, President Bush has nominated Henry Paulson, chairman and chief executive of Goldman Sachs Group, to replace John Snow as Treasury secretary. There had been speculation Paulson wasn’t interested in the job and the pick came as a bit of a surprise, but the choice shouldn’t rattle investors too much.

Amongst data news, consumer confidence slipped with the index falling to 103.2 in May from a revised 109.8 in April. However, this decline was not as steep as was expected. Economists had expected the index to slip to 100.7.

Shares of Wal-Mart were down 2.7% to $48.30, after the world’s No. 1 retailer said higher gas prices left its May sales gain at the low end of its earlier guidance. It expects same-store sales to show a 2.3% increase for this month, below the average Wall Street estimate. Wal-Mart continues to see higher gasoline and utility prices impacting its customers. As a result, the company has seen more pronounced paycheck cycles.

Shares of General Motors fell 5.4% down $1.26 to $26.57. Deutsche Bank cut the stock to sell, citing valuation and concern about moderating retail vehicle sales. The drop came after the troubled automaker rallied last week on upgrades by Merrill Lynch and Prudential.

Shares of Kinder Morgan surged more than 18% after senior management of the gas and oil pipeline operator announced plans to take the company private for $100 a share, a premium of about 18.5% over its closing price Friday. This deal would be worth $13.4 billion.

Crude futures rose to a more than two-week high as traders looked ahead to a meeting of the OPEC in Caracas, Venezuela, this week. A serious consideration of output reductions could further rally prices. U.S. light crude for July delivery jumped 66 cents to settle at $72.03 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 5/26/06

Tuesday, May 30th, 2006

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the shows are 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 shows, where his comments about the stocks often include advice about entry and exit points.

Aaron Task substituted for Jim Cramer on RealMoney Radio today with veteran hedge fund manager Cody Willard.

Bullish
Microsoft (MSFT) ($34 or $35 target) (RealMoney Radio)
Broadcom (BRCM) (RealMoney Radio)
Apple Computer (AAPL) ($100 target) (RealMoney Radio)
Google’s (GOOG) (RealMoney Radio)

Bearish
Conexant Systems (CNXT) (RealMoney Radio)
Allegheny Technologies (ATI) (RealMoney Radio)

The Mad Money TV show was a rerun of a show which first aired on July 5, 2005.

Cramer described his 10 rules for building a portfolio

# 10: Buy a stock for the “future.”

# 9: Pick a good regional retailer that has plenty of growth ahead.

# 8: Pick a good technology stock.

# 7: Choose one cyclical name like Caterpillar (CAT) or Boeing (BA).

# 6: Pick one secular stock like a Procter & Gamble (PG) or a Kellogg (K) or a Johnson & Johnson or (JNJ).

# 5: Do your homework and choose a speculative stock.

# 4: Get one financial. Cramer owns Commerce Bancorp (CBH), a local bank.

# 3: One brand-name blue chip.

# 2: Choose on oil stock.

# 1: Pick a company that you know, so you will know what is happening with the company on a personal level.

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 5/26/06

Friday, May 26th, 2006

PortfolioCrafterStocks closed higher posting a gain for the week after major gauges extended their rally as investors saw signs of economic strength and a break from inflation in the latest consumer spending and confidence reports. This lifted hopes that the Federal Reserve will stop increasing interest rates sooner rather than later. However, some investors worried that some of the data also pointed to a slowdown in U.S. economic growth.

Today, the Dow Jones industrial average closed up 67.56 or 0.6% to 11,278.61, the broader Standard & Poor’s 500 index closed up 7.28 points, or almost 0.6%, to 1,280.16, and the tech-laden Nasdaq composite closed up 12.13 or 0.6% to 2,210.37. For the week the Dow rose 1.2%, the S&P 500 advanced 1%, and the Nasdaq gained 0.8%.

Market breadth was positive. On the New York Stock Exchange, advancers beat decliners by a margin of 23 to 9 on volume of 1.3 billion shares. On the Nasdaq, winners beat losers also by a margin of 17 to 11 as 1.5 billion shares changed hands.

While the data that has come out has been mixed, it appears that the sellers are gone and people are feeling better about the market. Personal incomes rose 0.5% in April but the increase was wiped out by a 0.5% rise in consumer prices. Core inflation, excluding food and energy rose 0.2% in April as expected after a 0.3% gain in March. In the last 12 months, this has risen 2.1%, the fastest gain since March 2005. Core inflation is now running slightly above the Federal Reserve’s informal “comfort zone” of 1% to 2%. After the personal income and spending report, the odds of a quarter percentage point increase in U.S. interest rates fell on the federal funds futures market. Additionally, U.S. consumer sentiment strengthened slightly with the UMich consumer sentiment index inching higher to 79.1 in line with expectations.

Shares in GM rose 18 cents to $28.08, buoyed by a second broker upgrade in three days. Prudential Equity Group lifted its recommendation on the auto maker to overweight from neutral, saying the stock is attractive for investors with a short-term time horizon. They believes the company’s share price will benefit from big year-on-year full-size-SUV sales increases, a strong take-up of its buyout offer by its employees, upward earnings-per-share revisions and a new labor deal all parties.

Shares of Merck closed up 17 cents at $34.56, after the drug giant said it received U.S. regulatory clearance for Zostavax, its vaccine to prevent shingles in people aged 60 and older. Shingles, that is caused by the chickenpox virus, most often occurs in older adults who contracted chickenpox earlier in their lives. Merck said that Zostavax will be priced at $145.35 a dose. About 1 million Americans fall ill with shingles every year.

Luxembourg steel manufacturer Arcelor SA in its attempt to fight off a hostile bid from Mittal Steel, has agreed to combine with Russian steelmaker Severstal in what could create the world’s leading steelmaker. This leaves the fate of Arcelor to its shareholders, who can still opt for Mittal Steel’s bid if they choose, at a meeting scheduled for June 28. This deal values the exchange at 44 euros a share. However, on this report, shares of Arcelor fell 4.2% to 32.64 euros, giving it a market capitalization of roughly $27 billion. Mittal Steel had last week increased its offer by 34%, valuing the steelmaker at 37.74 euros a share at the time of the offer.

The casino operator Las Vegas Sands closed up $5.96 or 9% to $69.63, after it was selected to build and run a casino in Singapore. The drug-maker Celgene closed up $1.02 or over 2% to $41.46, after it won approval from the FDA for its drug Thalomid as a treatment for a form of blood cancer.

U.S. light crude oil for July delivery settled 5 cents higher at $71.37 a barrel in shortened trade on the New York Mercantile Exchange. Crude ended 3% higher for the week.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 5/25/06

Thursday, May 25th, 2006

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the shows are 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 shows, where his comments about the stocks often include advice about entry and exit points.

Bullish
Allegheny Technologies (ATI) (Lightning Round)
Apple Computer (AAPL) (RealMoney Radio)
Baidu (BIDU) (Lightning Round)
BioMarin (BMRN) (mentioned on Mad Money)
Caterpillar (CAT) (Lightning Round)
CBS (CBS-A) (RealMoney Radio)
Celgene (CELG) (mentioned on Mad Money)
Coach (COH) ($37 target) (CEO interview on Mad Money)
Coach (COH) (RealMoney Radio)
eBay (EBAY) ($34 or $35 target) (RealMoney Radio)
eBay (EBAY) (Lightning Round)
General Motors (GM) ($40 target) (mentioned on Stop Trading!)
Genzyme (GENZ) (mentioned on Mad Money)
Gilead Sciences (GILD) (mentioned on Mad Money)
Goldman Sachs (GS) ($225 target) (Lightning Round)
Hain Celestial (HAIN) (RealMoney Radio)
Joy Global (JOYG) (mentioned on Stop Trading!)
Kellogg (K) (featured on Mad Money)
Kellogg (K) (RealMoney Radio)
LCA-Vision (LCAV) ($60 target) (Lightning Round)
Martek Biosciences (MATK) (Lightning Round)
Nabors Industries (NBR) (RealMoney Radio)
Nektar (NKTR) (Lightning Round)
News Corp. (NWS-A) (RealMoney Radio)
Nordstrom (JWN) (RealMoney Radio)
Occidental Petroleum (OXY) (RealMoney Radio)
Panera Bread (PNRA) ($72 target) (Lightning Round)
Pepsico (PEP) (featured on Mad Money)
PetroChina (PTR) (Lightning Round)
Polo Ralph Lauren (RL) (RealMoney Radio)
Procter & Gamble (PG) (mentioned on Mad Money)
RF Micro (RFMD) (mentioned on Stop Trading!)
Schering-Plough (SGP) (mentioned on Mad Money)
Starbucks (SBUX) (Lightning Round)
Texas Instruments (TXN) (mentioned on Stop Trading!)
Toll Brothers (TOL) (mentioned on Mad Money)
UnitedHealth Group (UNH) (Lightning Round)
URS (URS) (RealMoney Radio)
VF (VFC) (RealMoney Radio)
Walt Disney (DIS) (RealMoney Radio)
Wheeling-Pittsburgh (WPSC) (Lightning Round)
Whole Foods (WFMI) (RealMoney Radio)
Yahoo! (YHOO) (Lightning Round)
Yahoo! (YHOO) (RealMoney Radio)

Bearish
Anheuser Busch (BUD) (mentioned on Mad Money)
Coca-Cola (COKE) (mentioned on Mad Money)
General Mills (GIS) (mentioned on Mad Money)
Joy Global (JOYG) (Lightning Round)
Kraft Foods (KFT) (mentioned on Mad Money)
Merck (MRK) (Lightning Round)
Petrobras (PBR) (Lightning Round)
Sara Lee (SLE) (RealMoney Radio)
Shanda (SNDA) (Lightning Round)
Time Warner (TWX) (RealMoney Radio)
Titanium Metals (TIE) (Lightning Round)
U.S. Steel (X) (Lightning Round)

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 5/25/06

Thursday, May 25th, 2006

PortfolioCrafterStocks rallied after the latest reading of economic growth and housing data eased inflation worries and emboldened investors to seek out attractively valued shares in the wake of a two-week sell-off. Yesterday and today represent the market’s first back-to-gains since the Federal Reserve last lifted interest rates on May 10 and issued a statement that rattled investors by leaving them uncertain about the central bank’s future policy moves.

Today, the Dow Jones industrial average closed up 93.73 or 0.8% to 11,211.05, the broader Standard & Poor’s 500 index closed up 14.31 over 1% to 1,272.88, and the Nasdaq composite index closed up 29.07 or 1.3% to 2,198.24.

Market breadth was positive. On the New York Stock Exchange, advancers beat decliners by a margin of 25 to 7 on volume of 1.73 billion shares. On the Nasdaq, winners beat losers by a margin of 11 to 4 as 2.01 billion shares changed hands.

Economist feel that the market is likely to remain volatile in the near term but “the vast bulk of the decline has taken place.” The news that stirred the market was when founder of Enron, Kenneth Lay was found guilty on all counts of fraud and conspiracy, and former chief executive Jeffrey Skilling was found guilty on 19 of 28 counts of securities fraud. Additionally, Federal Reserve Chairman Ben Bernanke reiterated in a letter that long-term inflation expectations appear to be well contained and would remain so as long as the Fed remains committed to price stability.

On data news, the Commerce Department stated that the economy grew at a 5.3% annual rate in the first quarter. Many economist were forecasting an upward revision to 5.6%. The core personal-consumption-expenditure price index, rose at a 2% annual rate unchanged from the Commerce Department’s initial estimate. Sales of existing homes fell 2% in April and the decline was close to the expected. First-time claims for unemployment benefits, fell to 329,000 in the week ending May 20, the Labor Department said, a decrease of 40,000 from the prior week. Therefore, the latest economic reports shows solid growth but few signs of inflation flaring up. It implies the Fed has another reason to perhaps drag its feet or pause in June.

Shares in Wal-Mart Stores Inc. closed up $1.42 or 3% to $49.45, after Banc of America Securities raised its rating on the retailer to “buy” from “neutral.” This reflects early success from the company’s current merchandise initiatives, and hopes for improved margin expectations. Shares of General Motors Corp. closed up $1.39 or 5.2% to $27.90. The company reported that more than 20,000 U.S. factory workers have accepted buyout offers, surpassing its internal target with a month remaining before the offer expires.

Shares in Yahoo Inc. and eBay Inc rallied after the two companies entered a multi-year partnership. Stock of eBay closed up $3.68 or 12% to $33.88, after Prudential upgraded the online auctioneer to “overweight” from “neutral.” Yahoo closed up $1.13 to $32.92. Yahoo will become the exclusive third-party provider of graphical advertising on eBay’s site and eBay’s PayPal will become the exclusive payment system on Yahoo’s sites.

Stock of Mastercard closed up $7.00 or 18% to $46.00, in its first day of trading. The credit card company priced its initial public offering of stock at $39 a share, below the $40 to $43 forecasted range. The credit- card giant became a listed company after its origins as a banking collective 40 years ago

Shares of XM closed up 4.7% at $14.35, despite cutting its 2006 subscriber forecast to 8.5 million from 9 million, citing “overall softness” in retail sales of its radio products during the second quarter. In the first quarter, XM had been on pace to achieve its initial projection of 9 million subscribers and has affirmed that it is on track to be cash flow positive in the fourth quarter of this year.

U.S. light crude oil for July delivery climbed $1.46 to settle at $71.32 a barrel on the New York Mercantile Exchange after tumbling below $70 Wednesday.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 5/24/06

Thursday, May 25th, 2006

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the shows are 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 shows, where his comments about the stocks often include advice about entry and exit points.

Bullish
Abercrombie & Fitch (ANF) (Lightning Round)
ADP (ADP) (RealMoney Radio)
Amcol International (ACO) (featured on Mad Money)
BHP Billiton (BHP) (buy at $36-$37) (Lightning Round)
Chevron (CVX) (mentioned on Stop Trading!)
Crystallex (KRY) (mentioned on Mad Money)
Eastman Chemical (EMN) (Lightning Round)
Emcor (EMKR) (mentioned on Mad Money)
Essex Corp. (KEYW) (mentioned on Mad Money)
FMC Technologies (FTI) (featured on Mad Money)
General Dynamics (GD) (RealMoney Radio)
GlobalSanteFe (GSF) (featured on Mad Money)
Goldman Sachs (GS) (mentioned on Mad Money)
Grant Prideco (GRP) (featured on Mad Money)
Hydril (HYDL) (featured on Mad Money)
I-Flow (IFLO) (mentioned on Mad Money)
JDSU (JDSU) (mentioned on Mad Money)
Johnson & Johnson (JNJ) (mentioned on Mad Money)
Microsoft (MSFT) (Lightning Round)
Nabors Industries (NBR) (featured on Mad Money)
National Oilwell Varco (NOV) (featured on Mad Money)
Nordstrom (JWN) (Lightning Round)
Nordstrom (JWN) (mentioned on Stop Trading!)
Pantry (PTRY) (Lightning Round)
Paychex (PAYX) (RealMoney Radio)
Pepsico (PEP) (mentioned on Mad Money)
Qwest (Q) (Lightning Round)
Rowan Companies (RDC) (featured on Mad Money)
Smith International (SII) (featured on Mad Money)
Southwestern Energy (SWN) (Lightning Round)
Superior Energy Services (SPN) (featured on Mad Money)
Tetra Technologies (TTI) (featured on Mad Money)
Tim Hortons (THI) (mentioned on Mad Money)
Valero Energy (VLO) (Lightning Round)
Valero Energy (VLO) (mentioned on Mad Money)
Weatherford International (WFT) (featured on Mad Money)

Bearish
Carpenter Technologies (CRS) (buy at $70) (Lightning Round)
CB Richard Ellis Group (CBG) (RealMoney Radio)
Delek (DK) (Lightning Round)
Eastman Kodak (EK) (Lightning Round)
Englobal (ENG) (mentioned on Mad Money)
General Mills (GIS) (mentioned on Stop Trading!)
Level 3 Communications (LVLT) (Lightning Round)
NYSE Group (NYX) (Lightning Round)
Pacific Ethanol (PEIX) (RealMoney Radio)
United States Steel (X) (RealMoney Radio)
XM Satellite Radio (XMSR) (Lightning Round)

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 5/24/06

Thursday, May 25th, 2006

PortfolioCrafterStocks bounced amidst heavy volume following frequent swings in and out of positive territory, after the latest economic data and a fresh pullback in commodity prices left investors unsure over the outlook for economic growth and interest rates. Investors took in mixed readings on the economy and sinking crude and gold prices. However, in the final half hour of trading, the oversold market attracted new buyers.

Today, the Dow Jones industrial average closed up 18.97 or 0.17% to 11,117.32, the broader Standard & Poor’s 500 index closed up 1.99 or 0.16% to 1,258.57, and the Nasdaq composite index closed up 10.41 or 0.48% to 2,169.17.

Market breadth was negative and the volume was among the heaviest of any session this year. On the New York Stock Exchange, decliners beat advancers by a margin of 19 to 13 on volume of 2.259 billion shares. On the Nasdaq, losers topped winners by a margin of 8 to 7 as 2.635 billion shares changed hands.

The numerous swings in the market today show that investors reacted to data showing both weakness and strength and volatile activity in other markets. It is opined that the markets are not going meaningfully lower from here. We are at valuation support and the downside is limited. We’re still trying to shake out those last sellers before the market makes a move higher. On a fundamental basis, the market is worried about slowing growth. The gains in the bond market over the past few days show the market is now less worried about inflation, and more about the impact on corporate earnings of a slowdown in the economy.

Orders for new U.S.-made durable goods fell 4.8% in April, against the expected fall of 0.6%. The fed fund futures market has priced in a 44% chance of a 0.25% point rate hike in late June, vs. a 60% chance yesterday. However, concern over a slowing economy was somewhat eased by news that sales of new U.S. homes stayed strong in April rising 4.9%. This sent the odds of a quarter percentage point hike back above 50%. Therefore, on the data front, the signals have been mixed.

Shares in General Motors Corp closed up $2.03 or over 85 to $26.51, after Merrill Lynch upgraded its rating on the automaker to “buy” from “neutral.” The broker said the revised rating is based on expectations around 30,000 of the company’s workers will accept its buyout program.

In other news, Sara Lee Corp. said it will spin off its Hanesbrands Inc branded-apparel business as part of its move to refocus on foods, beverages, and household and personal-care products. Hanesbrands includes such prominent apparel brands as Hanes, Champion, Playtex, Bali and Wonderbra. The stock finished the session 1 cent higher at $17.08.

Shares of Computer Sciences Corp.’s fell after the computer services company offered up an earnings and revenue forecast that fell short of Wall Street estimates. Its disappointing outlook came as it reported a fourth-quarter profit that more than halved from year-earlier results that had been boosted by disposals, and as charges weighed on the bottom line. The stock fell 28 cents to $54.41.

U.S. light crude oil for July delivery sank $1.90 or 2.7% to settle at $69.86 a barrel on the New York Mercantile Exchange. The Energy Department reported a rise in domestic supplies of gasoline for a fourth week in a row.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Cramer’s Mad Money Daily Recap 5/23/06

Wednesday, May 24th, 2006

CramersMadMoney.comWe have done our best to record the calls for you, but remember that the shows are 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 shows, where his comments about the stocks often include advice about entry and exit points.

Bullish
ABB (ABB) (RealMoney Radio)
Alcoa (AA) (mentioned on Stop Trading!)
Amgen (AMGN) (featured on Mad Money)
Apple (AAPL) (mentioned on Stop Trading!)
AT&T (T) (RealMoney Radio)
Baidu.com (BIDU) (Lightning Round)
Bank of America (BAC) (featured on Mad Money)
Bank of America (BAC) (RealMoney Radio)
BE Aerospace (BEAV) (Lightning Round)
BellSouth (BLS) (RealMoney Radio)
Brocade (BRCD) (Lightning Round)
CACI International (CAI) (mentioned on Mad Money)
Campbell Soup (CPB) (mentioned on Stop Trading!)
CBS (CBS) (featured on Mad Money)
Chesapeake Energy (CHK) (RealMoney Radio)
Chevron (CVX) (featured on Mad Money)
Citibank (C) (RealMoney Radio)
Citigroup (C) (featured on Mad Money)
Con Edison (ED) (Lightning Round)
Crystallex International (KRY) (Lightning Round)
EarthLink (ELNK) (mentioned on Mad Money)
Finisar (FNSR) (Lightning Round)
Freeport-McMoRan Copper & Gold (FCX) (Lightning Round)
Google (GOOG) (RealMoney Radio)
Heinz (HNZ) (mentioned on Stop Trading!)
Home Depot (HD) (featured on Mad Money)
Human Genome (HGSI) (mentioned on Stop Trading!)
Immucor (BLUD) (Lightning Round)
JDSU (JDSU) (Lightning Round)
Johnson & Johnson (JNJ) (featured on Mad Money)
Kinder Morgan (KMI) (Lightning Round)
McDonald’s (MCD) (featured on Mad Money)
Motorola (MOT) (RealMoney Radio)
News Corp. (NWS) (featured on Mad Money)
Nike (NKE) (mentioned on Stop Trading!)
Nokia (NOK) (featured on Mad Money)
Nokia (NOK) (RealMoney Radio)
Pepsi (PEP) (featured on Mad Money)
Sanderson Farms (SAFM) (featured on Mad Money)
Sears (SHLD) (featured on Mad Money)
Tata Motors (TTA) (RealMoney Radio)
Texas Instruments (TXN) (featured on Mad Money)
Time Warner (TWX) (featured on Mad Money)
VeriFone Holdings (PAY) (Lightning Round)
Yahoo! (YHOO) (Lightning Round)
Yahoo! (YHOO) (RealMoney Radio)

Bearish
Allegheny Technologies (ATI) (Lightning Round)
Alliant Energy (LNT) (Lightning Round)
Cisco Systems (CSCO) (RealMoney Radio)
Dell (DELL) (RealMoney Radio)
Dynamic Materials (BOOM) (Lightning Round)
DynCorp (DCP) (mentioned on Mad Money)
Elan (ELN) (Lightning Round)
Fannie Mae (FNM) (mentioned on Stop Trading!)
Intel (INTL) (RealMoney Radio)
MDU Resources (MDU) (Lightning Round)
Microsoft (MSFT) (RealMoney Radio)
Sirius Satellite Radio (SIRI) (Lightning Round)
Southern Copper (PCU) (mentioned on Stop Trading!)
Suntech Power Holdings (STP) (Lightning Round)
United Online (UNTD) (mentioned on Mad Money)
Verizon (VZ) (RealMoney Radio)

Having trouble writing down all of Cramer’s picks?
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PortfolioCrafter - Market Commentary 5/23/06

Tuesday, May 23rd, 2006

PortfolioCrafterDespite strong intraday gains, the stocks closed lower as nervous inventors opted to sell into the rally rather than make a longer-term bet on market strength. This sell-off pushed the Nasdaq Composite to its weakest finish since early November. The Dow has lost more than 500 points, or about 4.7% since May 10, when it came about 80 points within reach of its all-time high. The Nasdaq has lost about 9% since hitting its highest level in more than five years last month. The market is vacillating between fears of inflation and economic slowdown.

Today, the Dow Jones industrial average closed down 26.98 or 0.2% to 11,098.35, the broader Standard & Poor’s 500 index closed down 5.49 or 0.4% to 1,256.58, and the Nasdaq composite index closed down 14.10 or 0.7% to 2,158.76.

Market breadth was negative. On the New York Stock Exchange, decliners topped advancers by a margin of 17 to 15 on volume of 1.90 billion shares. On the Nasdaq, losers also beat winners by a margin of 17 to 13 as 2.17 billion shares changed hands.

Investors evidently remain nervous and want clarity as to whether recent market weakness was a long- or short-term correction. The markets remain in a very nervous arena and people would rather sell into a rally. Recent sell-offs have been sparked by disappointment that the Fed might not be able to stop raising rates. Federal Reserve Chairman Ben Bernanke said his comments to a CNBC TV anchor that briefly roiled financial markets earlier this month were a “lapse of judgment” on his part that won’t happen again. He said that he regretted the incident and in the future his comments to the financial markets would come through regular channels.

Shares of Toll Brothers Inc. rose 1.7% up $0.45 to $27.35, after the homebuilder reported better than expected earnings. However, the company lowered its earnings guidance in the latest sign of a slowing U.S. housing market, citing increased material and labor costs and higher write-downs, mainly from continuing weakness in the metro Detroit market.

Shares of Nokia Corp. rose 2.3% to end at $21.30 after UBS analyst Maynard Um listed several “good reasons” to buy the Finnish mobile phone giant’s stock. He said that Nokia’s competitive position and fundamentals in the mobile device industry are improving. While earnings expectations remain low, the company was returning a significant amount of cash to shareholders and opportunities existed for more operating efficiency gains.

Fannie Mae was in focus on news the mortgage giant had agreed to pay a $400 million fine to federal regulators to settle its $11 billion accounting scandal. It was alleged that it manipulated accounting rules in ways that helped increase bonuses for its executives. The stock gained almost 1% up $0.45 to close at $50.72.

Euronext the pan-European stock exchange operator has urged its shareholders to support a takeover bid from the NYSE Group Inc. over one by Germany’s Deutsche Boerse. In presentation, the company argued that the NYSE bid offers the best price, the greatest synergies and the most deliverable option. NYSE shares closed down $2.80 at $60.05.

U.S. light crude oil for July delivery climbed $1.80, or nearly 3%, to settle at $71.76 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter