Traders-Blog.com

We 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.

Thursday’s show was a compilation of previously aired shows. No Lightning Round, no new stock picks.

You can see the latest recap from last Friday here.

Here is a special offer to save $1000 when you take a life-changing options trading course (if you act quickly)

Brett Fogle from the Options University is offering you and the next 10 people a $1000 scholarship to options expert Ron Ianieri’s next Live Options Mastery Online Classes, which are starting in just 2 weeks on Sunday July 9th…

If you haven’t heard about these live online options yet, you’ll definitely want to read about them online here now:

Live 8-Week Options Mastery Classes.

(But DON’T enroll there, I’ve got a special link for you below)

But first, you should know that…

Over 100 people have gone through Ron’s live classes, and they’re getting some fantastic reviews which you can read about here:

Recent Student Testimonials.

But here’s the catch…

They’ve just RAISED the prices on these classes to $2997.

Ron pours his heart into these classes, and gives you the same (or even better) education that he used to teach to other professional option traders on Wall Street… and he used to charge $10,000 per student!

Even at $5000 you’d still be getting an incredible education…

Fortunately, they’re not charging anywhere near that amount.

But they do keep raising the price — and they keep selling out the classes every time!

This should tell you something about the quality of these options classes, and the success that their students are having!

Again, take a minute to read the incredible testimonials past students are sending them.

If you’re still on the fence, consider this…

These classes won’t be offered at this price ever again. They’re also offering a $1000 scholarship for the first 10 who register, so you’re locked in at the last classes enrollment price of $1997.

Plus – they send you as a bonus their complete $997 Options Mastery Series 20 CD video library AND a full video archive of the 8 week classes once it’s completed (a $997 value in itself)…

So this an unbelievable deal that won’t last long, and won’t be offered again…

Here’s where you can reserve your space now.

This past Wednesday, they made the same deal to 100 people in Bill Johnson’s Beginner Options classes — and they filled all 10 spaces within the hour!

But to be fair, they’ve made another 10 scholarships available for the rest of their subscribers… and they’ve let us in on the deal!

So, this email is going out to 50,000 of your fellow traders today. These scholarships will fill quickly, so make your decision soon.

You can read about Ron’s Live Options Mastery Classes here.

(But you’ll need to use this special link to get the $1997 deal)

Once all 10 scholarships are filled, the price goes up to $2997.

No exceptions!

Again, that’s still an incredible price for the education you’re getting and the potential gains you’ll be making like many of their past students…

Even if you just learn how to protect your existing investments in case of a major market downturn, this class will pay for itself many times over!

Here’s what recent student Manfred Voss had to say:

_/_/_/_/_/_/_/_/ Student Review _/_/_/_/_/_/_/_/_/

Ron,

“Thank you for your encouraging words to a 73 year-old rookie.

“You may take pride in knowing that meanwhile I have perfected my trading with deep ITM call options for stock replacement by purchasing at the sweet spot thereby reducing my risk significantly and improving percentage return even further.

“Since the Mastery Classes began, I made 4 trades with this strategy banking a profit of $9,900 less commissions.

“This is a direct result of your teaching!”

-Manfred Voss
Former Student

_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/

But let me be candid.

This course is not for everybody.

It’s only for serious traders who want to take their options trading to the highest level possible in the shortest amount of time.

This is simply the best options training you will find anywhere, at any price.

Reserve your virtual ’seat’ here.

Best wishes,

Thierry Martin
Fiasco Trade of the Day

P.S. You also have a full week to evaluate the course before you decide. If it’s not for you, simply email them and they’ll promptly return your tuition. (Minus a $200 administration fee to cover costs)

P.S.#2 The worst case scenario is that you’ll get a week’s worth of advanced options education that you can use in your trading. (That’s a $500 value)

P.S.#3 Remember only the first 10 people will get this tuition scholarship and get $1000 off, plus get over $2500 in extra bonuses including their $997 Options Mastery Series CD’s.

Enroll today before all seats are taken, and you miss out.

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

Stocks staged a major rally with the Dow Jones Industrial Average surging 217 points, after a Federal Reserve statement was seen as signaling that an end to the rate-tightening cycle is near. Blue chips scored their biggest gains in three years. The rally came despite the fact that the Federal Reserve raised the overnight bank lending rate to 5.25%. While the Feds have left the door open for future increases, investors see signs that the central bank may pause after its latest move.

Today, the Dow industrial average closed up 217.24 or 2% to 11,190.80, the broader Standard & Poor’s 500 index closed up 26.87 or 2.2% to 1,272.87, and the tech-heavy Nasdaq composite closed up 62.54 or almost 3% to 2,174.38. This is the biggest point gain for the Dow since March 2003, and the best gain for the Nasdaq in over two years. For the year, the Dow has climbed 4.1% and the S&P is up 1.8%, but the Nasdaq is still down 1.7%.

Market breadth was positive. On the New York Stock Exchange, advancers topped decliners by a margin of 27 to 4 on volume of 1.9 billion shares. On the Nasdaq, winners beat losers by a margin of four to one as 2.2 billion shares changed hands.

Investors cheered as the committee removed the phrase that some further measured policy firming “may” be needed with “any additional firming that may be needed” will depend on the economic outlook. This does point to an end that is approaching. Feds too appear concerned that growth is moderating; and that cannot be great for the economy.

New data too pointed toward a healthy economy. First-quarter gross domestic product was revised for a final time to show a 5.6% increase, the fastest rate of growth in about three years and stronger than the 5.5% gain expected by economists. Core consumer-price inflation rose at a 2% annual rate during the quarter, down from 2.4% in the fourth quarter. Initial jobless claims in the latest week rose by 4,000 to 313,000, while the four-week average of new claims dropped by 6,000 to 305,500, the lowest since Feb. 25. This is against the expected a rise to 311,000 and suggests a healthy job market.

Shares of McDonald’s Corp. closed up $1.59 or almost 5% to $33.56, after Merrill Lynch upgraded the burger chain to “buy” from “neutral”. Merrill Lynch forecasts improved sales and margins, particularly in Europe.

Walt Disney Co. closed up $0.50 or 1.7% to $29.88, after naming ex-Procter & Gamble CEO and Disney director John Pepper as non-executive chairman, succeeding former Sen. George Mitchell.

Shares of Tenet Healthcare closed down $0.13 or 2% to $7.10. The health-care provider has agreed to pay $725 million to settle U.S. Justice Department claims regarding its receipt of certain Medicare payments before 2003. The settlement also covers physician financial arrangements and Medicare-coding issues. Tenet also revealed a new plan to boost profitability. It will sell 11 hospitals and expand its capital investment program

Oil futures rose $1.33, or 1.8%, to $73.52 a barrel. In the past seven sessions, the price of crude has risen 6%.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

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.

Wednesday’s show was a repeat of the show broadcast on January 31, 2006.

Top Ten American Manufacturers (alphabetical order)

Boeing (BA)
Caterpillar (CAT)
Cummins (CMI)
Deere (DE)
Dow Chemical (DOW)
Fluor (FLR)
Ingersoll-Rand (IR)
Nucor (NUE)
Toyota Motor (TM)
United Technologies (UTX)
___________________________________

Here is an affordable way to improve your trading with the advice of today’s top traders:

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Have you ever wanted to go to an investment seminar but found that you just couldn’t find the time to get away? Maybe your schedule is too hectic or you find that you learn better in an environment where you can learn at your pace. I’m the kind of person who would rather learn things at my own pace on my own terms.

But why do people go to seminars anyway? They go, and they spend thousands because they work! They hear many different viewpoints and many different techniques from experts. People retain information and people can apply the knowledge they learn.

Personally, I don’t want to fly or drive anywhere to get an experts opinion on investing and trading for thousands. I want the highest level of information and the best educators at my fingertips without having to deal with the headaches; airfare, meal costs, stuffy sweaty room, missing information because person next to me is coughing. It’s not worth it if you ask me.

I want to sit at home or in my office and learn on my own from experts.

A new product has come along that allows me to do all those things I wish I could. It’s a service called InvestorFLIX and I can view or listen to as many as 4 DV D’s or C D’s at a time, all in my own home, all at my own pace. It has all the advantages of the seminars without the horrible pitfalls.

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All these different topics covered from many prominent names like Mark Cook, Chuck Lebeau, Larry Williams, and even John Bollinger are just a few of the prominent contributers you may recognize. There are over 142 different authors who give their expert opinions which is helpful for all levels of traders.

I am starting to focus on small cap stocks and there are ample amounts of training discs on this subject. The cost should be in the hundreds every month, but it isn’t even close to that. I suggest you judge the site and determine weather or not it can work for you. Hit the link below and search for yourself.

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Best wishes,

Thierry Martin
Traders-Blog.com

Stock closed higher after adventurous investors shook up a complacent market late in the day by seeking out attractively priced shares. Warner Music Group managed a strong rise, after making a new offer to buy British recording company EMI. However, EMI has rejected the Warner Music offer, and has issued its own bid to buy Warner Music. Investors look forward to the Federal Reserve policy statement tomorrow.

Today, the Dow Jones Industrial average closed up 48.82 or 0.45% to 10,973.56, the broader Standard & Poor’s 500 index closed up 6.80 or 0.55% to 1,246.00, and the Nasdaq composite index closed up 11.59 or 0.55% to 2,111.84.

Market breadth was positive. On the New York Stock Exchange, advancers beat decliners by a margin of 19 to 12 on volume of 1.487 billion shares. On the Nasdaq, winners narrowly beat losers by 15 to 14as 1.637 billion shares changed hands.

Many investors looked for bargains in the hope that the anticipated 0.25% rate increase has already been factored in. It is evident that there is no movement in any direction – only individual stories and stocks. The market continues to struggle to understand policymakers’ monetary leanings under the leadership of new Chairman Ben Bernanke. There have been rumblings that the Fed could be more aggressive and raise by half a percentage point this time. The consensus is that the market already has forward-priced to adjust to the expected events. Investors will be focusing more on the Fed’s statement and looking for clues about what the central bank intends to do with interest rates in the months ahead.

On data news, there was slight reaction to news from the Mortgage Bankers Association that mortgage applications fell 6.7% last week. This counteracted the impression of a booming housing market suggested by a 4.6% surge in monthly new home sales earlier in the week, but investors suspected it would have little influence on the Fed decision. Investors also scrutinized news from the Energy Department that crude supplies fell a bigger-than-expected 3.4 million barrels in the latest week. There also was a drop in gasoline supplies.

Shares of Warner Music rose 3.2% to close at $28.11 after the company’s $4.6 billion bid for British music company EMI Group was rejected. Earlier in London trading, shares of EMI shot up 10% as the unusual tug-of-war takeover battle unfolded. EMI has also raised its offer for Warner Music to $4.6 billion, or $31 a share, a nearly 14% premium from Tuesday’s close.

Shares of General Motors closed up nearly 3% as the world’s largest automaker had tumbled 7% the previous session on concerns of lower industry wide sales. GM shares have put in the best performance of the 30 stocks in the Dow industrials this year, up 43% as of Monday’s close. The gain is prominently owing to reasons such as buyout option, reduced dividend, heath care costs and raising of cost cutting targets.

Shares of retailer J. Crew Group soared 27.8% up $5.42 to $25.55 to $25.42, in their market debut on the New York Stock Exchange. The stock debut price for the clothing retailer and catalog marketer was initially set in the $15 to $17 range.

Shares of Nike Inc. down $3.91 or 4.7% to $79.72, after the sneaker maker said its quarterly net income declined and profit margins fell below expectations. Heavy spending on the World Cup and other costs forced the company to miss quarterly earnings estimates.

Wendy’s International closed off 2.3%. at $56.41. The fast-food restaurant operator late Tuesday said that second-quarter earnings per share will fall due to charges from its early-retirement plan, job cuts and other cost-cutting moves.

In the tech sector, shares of Texas Instruments fell 2.3% to $28.96 as RF Micro Devices slid 4.3% to $5.76, after J.P. Morgan said there was downside risk for the earnings of the suppliers of components to Nokia. According to the brokerage, Nokia could push out orders for handset components to future quarters, which could pinch on current profits. Nokia’s U.S.-traded stock fell 2.4% to $19.13.

Crude for August delivery closed higher after news of the drop in weekly supply. The front-month contract closed at $72.19 a barrel, up 27 cents on the session on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

We 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.

Tuesday’s show was a compilation of previously aired shows. No Lightning Round, no new stock picks.

Here is a special offer to save $1000 when you take a life-changing options trading course (if you act quick (Read below to save $1000 instantly)

Brett Fogle from the Options University is offering you and the next 10 people a $1000 scholarship to options expert Ron Ianieri’s next Live Options Mastery Online Classes, which are starting in just 2 weeks on Sunday July 9th…

If you haven’t heard about these live online options yet, you’ll definitely want to read about them online here now:

Live 8-Week Options Mastery Classes.

(But DON’T enroll there, I’ve got a special link for you below)

But first, you should know that…

Over 100 people have gone through Ron’s live classes, and they’re getting some fantastic reviews which you can read about here:

Recent Student Testimonials.

But here’s the catch…

They’ve just RAISED the prices on these classes to $2997.

Ron pours his heart into these classes, and gives you the same (or even better) education that he used to teach to other professional option traders on Wall Street… and he used to charge $10,000 per student!

Even at $5000 you’d still be getting an incredible education…

Fortunately, they’re not charging anywhere near that amount.

But they do keep raising the price — and they keep selling out the classes every time!

This should tell you something about the quality of these options classes, and the success that their students are having!

Again, take a minute to read the incredible testimonials past students are sending them.

If you’re still on the fence, consider this…

These classes won’t be offered at this price ever again. They’re also offering a $1000 scholarship for the first 10 who register, so you’re locked in at the last classes enrollment price of $1997.

Plus – they send you as a bonus their complete $997 Options Mastery Series 20 CD video library AND a full video archive of the 8 week classes once it’s completed (a $997 value in itself)…

So this an unbelievable deal that won’t last long, and won’t be offered again…

Here’s where you can reserve your space now.

This past Wednesday, they made the same deal to 100 people in Bill Johnson’s Beginner Options classes — and they filled all 10 spaces within the hour!

But to be fair, they’ve made another 10 scholarships available for the rest of their subscribers… and they’ve let us in on the deal!

So, this email is going out to 50,000 of your fellow traders today. These scholarships will fill quickly, so make your decision soon.

You can read about Ron’s Live Options Mastery Classes here.

(But you’ll need to use this special link to get the $1997 deal)

Once all 10 scholarships are filled, the price goes up to $2997.

No exceptions!

Again, that’s still an incredible price for the education you’re getting and the potential gains you’ll be making like many of their past students…

Even if you just learn how to protect your existing investments in case of a major market downturn, this class will pay for itself many times over!

Here’s what recent student Manfred Voss had to say:

_/_/_/_/_/_/_/_/ Student Review _/_/_/_/_/_/_/_/_/

Ron,

“Thank you for your encouraging words to a 73 year-old rookie.

“You may take pride in knowing that meanwhile I have perfected my trading with deep ITM call options for stock replacement by purchasing at the sweet spot thereby reducing my risk significantly and improving percentage return even further.

“Since the Mastery Classes began, I made 4 trades with this strategy banking a profit of $9,900 less commissions.

“This is a direct result of your teaching!”

-Manfred Voss
Former Student

_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/

But let me be candid.

This course is not for everybody.

It’s only for serious traders who want to take their options trading to the highest level possible in the shortest amount of time.

This is simply the best options training you will find anywhere, at any price.

Reserve your virtual ’seat’ here.

Best wishes,

Thierry Martin
Fiasco Trade of the Day

P.S. You also have a full week to evaluate the course before you decide. If it’s not for you, simply email them and they’ll promptly return your tuition. (Minus a $200 administration fee to cover costs)

P.S.#2 The worst case scenario is that you’ll get a week’s worth of advanced options education that you can use in your trading. (That’s a $500 value)

P.S.#3 Remember only the first 10 people will get this tuition scholarship and get $1000 off, plus get over $2500 in extra bonuses including their $997 Options Mastery Series CD’s.

Enroll today before all seats are taken, and you miss out.

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

Stocks ended sharply ahead of the Federal Reserve’s highly anticipated two-day policy meeting. The technology sector bore the brunt of investor jitters over interest rates. Additionally, a sharp sell-off in shares of General Motors Corp. and DuPont contributed to the biggest one-day point drop in three weeks for the Dow Jones Industrial Average.

Today, the Dow Jones Industrial average closed down 120.54 or 1.1% to 10,924.74, the broader Standard & Poor’s 500 closed down 11.36 or 0.9% to 1,239.20, and the tech-heavy Nasdaq composite closed down 33.42 or 1.6% to 2,100.25.

Market breadth was negative. On the New York Stock Exchange, losers topped winners by a margin of eight to three on volume of 1.55 billion shares. On the Nasdaq, decliners beat advancers by a margin of three to one as 1.82 billion shares changed hands.

Ongoing worries that the Federal Reserve is about to raise interest rates too high and make a very serious mistake, killing off the economy and earnings is something that’s bothering all investors. The Feds appear fixated on combating inflation by raising rates and are somewhat indifferent to indications of economic slowing. Some investors think that the increase may be as high as half percentage – however, this appears unlikely. While a quarter-percentage point increase is inevitable, investors will be scouring the central bank’s policy statement for clues to how much further rates may rise.

On the data front, resale of U.S. homes fell 1.2% in May to a seasonally adjusted annual rate of 6.67 million, against a bigger decline, to 6.64 million. While sales didn’t slow as much as expected, the report pointed to overall cooling in the housing sector. U.S. consumer confidence, meanwhile, rose to 105.7 in June from a revised 104.7 in May. This is against an expected dip to 103.1. These reports rattled investors already nervous the Fed will say there’s reason to remain concerned about inflation and vigilant about interest rates.

General Motors stock closed down $1.85 or 6.7% to $25.90, after stating that 35,000 union workers would take buyouts or early retirement, allowing the company to raise its cutting target by $1 billion annually to $8 billion. However, recent price actions by Chrysler, sizable share loss at GM and significant excess capacity all highlight that GM fundamentals remain under severe pressure. GM’s Group Vice President Mark LaNeve said the company is faced with brutal year-over-year sales comparisons this summer, after turning in record results last year on the back of its wildly successful employee discount program.

Shares of DuPont closed down $1.16 or 2.8% to $40.88 after French conglomerate Vivendi sold its 16.4 million shares (1.8% of the company) of the chemicals giant for $671 million, or $40.82 a share. The sale was expected after Vivendi said earlier in the month that it had resolved a dispute with the U.S. Internal Revenue Service over a 1995 sale of DuPont shares.

Univision Communications Inc. closed up $1.97 or 6.2% at $34, after it agreed to be bought by a group of private equity firms and media mogul Haim Saban for $13.7 billion. The firms include Saban Capital Group, Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners. Grupo Televisa S.A., which has been in the running for Univision has lost the race.

In another merger, Barr Pharmaceuticals Inc. agreed to buy Croatian drug manufacturer Pliva for $2.2 billion, edging out a competitive bid from Iceland’s Actavis. Barr shares were off 1.7% at $47.93.

Stock of Intel closed down $0.23 to $18.05, after it stated that it would sell its phone chip unit to Marvell Technology Group. for $600 million in cash as it looks to focus on chips for personal computers and servers amid stiffer competition. Shares of Marvell closed down $7.76 or 15% to $44.14.

U.S. light crude oil for August delivery rose 12 cents to settle at $71.92 a barrel on the New York Mercantile Exchange. Traders have concerns linked to production setbacks in Louisiana and threats from Iran that it will use oil as a weapon in its battle with the United States and the European Union over its nuclear enrichment program.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

We 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, machine gun, fanfare, 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 many of the comments about the stocks offer advice about entry and exit points.

Cramer’s Stock School

Cramer’s Mad Money today was a repeat of a show first broadcast on October 4, 2005 that explained to viewers some rules for investing and trading successfully.

- hold between 5 and 10 stocks and do one hour a week of “homework,” or research

- listen to conference calls or read the transcripts of those calls

- research the company you are interested in by looking at their filings at www.sec.gov

- don’t trade unless you know your entry price, exit price, catalyst and time frame

- stay diversified – don’t hold more than 20% in any single sector

- don’t let a trade turn into an investment

- when you make a little money with a stock, sell some of it. Eventually, you will be playing with the “house’s money.”

- admit to yourself when you are wrong, cut your losses and get out of the trade

- read analyst reports about the companies you are watching

- learn exactly how the company you are trading or investing in actually makes money so that when conditions change in that sector you will know how your holding will be affected

CramersMadMoney.com

Having trouble writing down all of Cramer’s picks?
Want to see if he has changed his mind about a stock?
Free daily recap newsletter to your inbox

Merger Monday – Stocks ended higher as upbeat housing data and acquisition deals totaling around $90 billion pulled investors from the sidelines and distracted them from the Federal Reserve’s upcoming two-day meeting.

Today, the Dow Jones Industrial average closed up 56.19 or 0.5% to 11,045.28, the broader Standard & Poor’s 500 index closed up 6.06 or 0.5% to 1,250.56, and the Nasdaq composite index closed up 12.20 or 0.6% to 2,133.67.

Market breadth was positive. On the New York Stock Exchange, advancers topped decliners by a margin of five to three on volume of 1.34 billion shares. On the Nasdaq, winners beat losers by a margin of 18 to 11 as 1.41 billion shares changed hands.

Merger and acquisition deals combined with the growth in new home sales for the month May gave stocks a lift. For some time, investors were distracted from their focus and worry over the looming Federal Reserve FOMC meeting. Fed policy-makers are all but certain to raise interest rates another quarter-percentage point when they meet, but investors will be focusing on the central bank’s statement for clues to how much further rates may rise. There is even some talk in the market about a possible half-point rise.

Investors cheered data showing an unexpected increase in sales of new homes for the month of May – against an expected decline. Sales rose 4.6% to annualized rate of 1.234 million from a revised 1.18 million. Sales were running at the fastest pace since December after three straight increases. Sales are down 5.9% in the past year.

Merger Monday started with Phelps Dodge stating it would buy two major Canadian nickel miners, Inco and Falconbridge, in a $40 million deal that would create the largest mining company in North America. Shares of Phelps Dodge closed down $6.72 or 8% to $76.23, while Inco closed up $5.95 or 10% to $64.21, and Falconbridge closed up $2.50 or 5% to $51.80.

Shares of Johnson & Johnson closed down $1.11 or 1.8% to $60.21, after the company announced a $16.6 billion deal to buy the consumer products unit of Pfizer. The unit includes such well-known brands as Listerine mouthwash, Nicorette anti-smoking treatments, Rolaids antacid, Benadryl allergy medicine, Rogaine baldness treatment and the antacid Zantac. Stock of Pfizer Inc. strengthened 1.6% to $23.01.

Arcelor bowed to a sweetened $32.2 billion takeover bid from Mittal Steel. This merger will create a world steel giant three times larger than its nearest rival. Shares of Mittal Steel dropped 2.4% to $31.40. The bid values each share at $50.77, a 7% improvement on Mittal’s previous offer and a 43% premium on its original bid in January.

Shares of Warren Buffett’s Berkshire Hathaway closed down $600.00 to $91,500.00, after the billionaire said he would give most of his $44 billion fortune to the Bill & Melinda Gates Foundation and other charities. This charitable giveaway shall start in Jul this year. Shares of Boston Scientific Corp. fell 6.6% to $17.06 after the company said it was recalling some pacemakers and defibrillators from its sales force and hospital inventories because of problems that could cause battery depletion or loss of operation.

Lennar Corp slashed its 2006 profit outlook as builders weather the deeper-than-expected pullback in the U.S. housing market. The company reported second-quarter earnings that topped analyst expectations, but it also lowered its fiscal-year forecast, saying activity in its markets is softening on “speculators exiting the market and changing homebuyer sentiment.” The stock rose 2.6% at $45.68.

U.S. light crude oil for August delivery added 93 cents to settle at $71.80 a barrel on the New York Mercantile Exchange. Traders continued to eye developments in Iran and wait to see whether this year’s hurricane season will be as devastating as last summer’s.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

We 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
AAR (AIR) (RealMoney Radio)
ABB (ABB) (Lightning Round)
Accenture (ACN) (RealMoney Radio)
Advanced Micro Devices (AMD) (RealMoney Radio)
Alcan (AL) (RealMoney Radio)
Allegheny Technologies (ATI) (RealMoney Radio)
Alliant Techsystems (ATK) (Lightning Round)
Allstate (ALL) (RealMoney Radio)
Basic Energy Services (BAS) (Lightning Round)
Baxter (BAX) (Lightning Round)
Best Buy (BBY) (Lightning Round)
BHP Billiton (BHP) (Lightning Round)
Cedar Fair (FUN) (mentioned on Stop Trading!)
Ciena (CIEN) (RealMoney Radio)
Cigna (CI) (mentioned on Stop Trading!)
Circuit City (CC) (Lightning Round)
Citrix (CTXS) (RealMoney Radio)
Coherent (COHR) (Lightning Round)
Crystallex International (KRY) ($4 or $5 target) (RealMoney Radio)
CSX (CSX) (RealMoney Radio)
Devon Energy (DVN) (mentioned on Mad Money)
First Marblehead (FMD) (featured on Mad Money)
Foster Wheeler (FWLT) (Lightning Round)
Gammon Lake Resources (GRS) (mentioned on Stop Trading!)
Garmin (GRMN) (featured on Mad Money)
General Mills (GIS) (mentioned on Mad Money)
General Motors (GM) (RealMoney Radio)
GlaxoSmithKline (GSK) (RealMoney Radio)
Google (GOOG) (RealMoney Radio)
Hewlett-Packard (HPQ) (Lightning Round)
J.C. Penney (JCP) (featured on Mad Money)
Knight Capital Group (NITE) (CEO interview on Mad Money)
Microsoft (MSFT) (RealMoney Radio)
Mueller (MWA) (mentioned on Mad Money)
Newell Rubbermaid (NWL) (Lightning Round)
NRG Energy (NRG) (RealMoney Radio)
Palm (PALM) (mentioned on Mad Money)
Panera (PNRA) (mentioned on Mad Money)
Pantry (PTRY) (Lightning Round)
Prudential (PRU) (RealMoney Radio)
Research In Motion (RIMM) (mentioned on Mad Money)
Rio Tinto (RTP) (Lightning Round)
Schering-Plough (SGP) (Lightning Round)
Schering-Plough (SGP) (RealMoney Radio)
Serologicals (SERO) (Lightning Round)
Tellabs (TLAB) (RealMoney Radio)
UnitedHealth (UNH) (mentioned on Stop Trading!)
UnitedHealth Group (UNH) (RealMoney Radio)
Volt Information Sciences (VOL) (Lightning Round)
Walgreen (WAG) (RealMoney Radio)
Walter Industries (WLT) (mentioned on Mad Money)
Yahoo! (YHOO) (RealMoney Radio)

Bearish
Adtran (ADTN) (Lightning Round)
Aflac (AFL) (RealMoney Radio)
Anadarko Petroleum (APC) (RealMoney Radio)
AT&T (T) (Lightning Round)
Casey’s General Stores (CASY) (Lightning Round)
Chicago Bridge & Iron (CBI) (Lightning Round)
Cisco (CSCO) (RealMoney Radio)
Dell (DELL) (Lightning Round)
Intel (INTC) (RealMoney Radio)
Merck (MRK) (Lightning Round)
Pactiv (PTV) (Lightning Round)
RadioShack (RSH) (Lightning Round)
Sapient (SAPE) (RealMoney Radio)
Shaw Group (SGR) (Lightning Round)
Sirius Satellite Radio (SIRI) (Lightning Round)
Six Flags (SIX) (mentioned on Stop Trading!)
Sprint (S) (Lightning Round)
Teva Pharmaceutical Industries (TEVA) (Lightning Round)
Verizon (VZ) (Lightning Round)

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Stocks closed lower on the day and week with the S&P 500 logging a third straight week of declines, after a wary session spent marking time ahead of next week’s Federal Reserve rates decision. However, the energy sector was a notable gainer after two major deals suggested a round of consolidation among oil and gas producers may be on the cards. Concerns about the economy, inflation and interest rates continue to unnerve investors.

Today, the Dow Jones Industrial average closed down 30.02 or 0.3% to 10,989.09, the broader Standard & Poor’s 500 index closed down 1.10 or 0.1% to 1,244.50, and the tech-heavy Nasdaq composite index closed down 1.51 to 2,121.47. For the week, the Dow ended down 0.2%, the S&P lost 0.5% and the Nasdaq fell 0.4%.

Market breadth was negative and volume was light. On the New York Stock Exchange, decliners edged out advancers by 16 to 15 on volume of 1.4 billion shares. On the Nasdaq, losers narrowly beat winners by 15 to 14 as 1.6 billion shares changed hands.

There are new worries about just how hawkish the Fed is and whether it will over-tighten and whether investors will have a hard landing or a soft landing scenario for the economy. The market could instead focus on expectations that the second-quarter earnings season will prove solid. Investors are scared to buy and scared to sell – everyone is trapped in day-to-day volatility.

On the data front, orders for new U.S.-made durable goods fell a more-than-expected 0.3% in May. It marked the second decline in a row, with orders now down 3.5% since a peak in December. The news heightened investors’ nervousness before the Federal Reserve’s policy meeting next week.

Additionally, the hedge-fund business came under scrutiny after the New York Times reported that Pequot, a $7 billion fund managed by Arthur Samberg, is being investigated by the SEC for possible insider trading. The probe has not resulted in any charges. Pequot, responding to the report, said all its trades have been proper and it has never received any insider information regarding impending mergers.

Blockbuster from the energy sector had a merger news. Shares of Shares in Anadarko Petroleum Corp. fell 7.2% down $3.49 to $44.90 after the company said it would spend $21.1 billion to acquire rivals Kerr-McGee Corp. that closed up $18.31 or 36% to $68.61: and Western Gas Resources Inc. that closed up $18.76 or 46% to $59.67. The merger would create one of the world’s largest independent oil and gas producers. In another deal for the oil sector, Energy Partners Ltd. closed up $1.15 to $19.17and Stone Energy Corp. closed up $0.48 to $46.71, on a merge announcement in a $2.2 billion deal. The combined entity will create one of the most active drillers of operated oil and gas wells on the Gulf of Mexico.

Stock of Oracle Corp. closed up $0.57 or 4% to $14.90, after the software maker posted a 27% jump in its quarterly profit and strong revenue growth, buoyed by strong sales of new software licenses, particularly in its applications segment. Safra Catz, the company’s president and chief financial officer, predicted profit excluding acquisition and other one-time items for the current quarter that met analysts’ average estimate. She forecast a stronger-than-expected rise in revenue for the current period.

Shares of Alcoa Inc. closed up $0.19 to $30.18, on information that it has sealed a four-year labor contract with its United Steelworkers union. The company also expects to book a second-quarter charge of 4 cents a share on costs related to the ratification of the contract. The aluminum producer is also in talks to establish operations in other African countries besides Guinea and Ghana.

Shares of Six Flags Inc. closed down $1.90 or almost 26% to $5.55 after the theme-park company said that it was looking to shed six properties as part of its initiative to sell off non-core assets. The company also announced that reaching its prior outlook for adjusted earnings before interest, taxes, depreciation and amortization would be “extremely difficult,” and Standard & Poor’s downgraded its outlook to “negative” from “stable.

Stock of Qualcomm Inc. fell 4.2% to $39.55 after J.P. Morgan cut the wireless-technology provider to neutral from overweight. The broker cited a likely stalemate in contract negotiations with Nokia Corp. over the Finnish handset maker’s WCDMA license agreement.

Crude-oil futures maintained flat while traders continued to weigh a smaller-than-expected build in U.S. gasoline supplies, developments in Iran, and next week’s Federal Reserve decision on interest rates. The August contract closed up 3 cents at $70.87 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter