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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
Abbott Labs (ABT) (mentioned on Stop Trading!)
Advance Auto Parts (AAP) (Lightning Round)
Airgas (ARG) (Lightning Round)
Amgen (AMGN) (mentioned on Stop Trading!)
Ashland (ASH) (mentioned on Mad Money)
Bank of America (BAC) (Lightning Round)
Bed Bath & Beyond (BBBY) (Lightning Round)
Black & Decker (BDK) (Lightning Round)
Caterpillar (CAT) (Lightning Round)
Citigroup (C) (Lightning Round)
Coca-Cola (KO) (Lightning Round)
CSX (CSX) (mentioned on Mad Money)
CSX (CSX) (Lightning Round)
Disney (DIS) (Lightning Round)
Foster Wheeler (FWLT) (Lightning Round)
General Motors (GM) (Lightning Round)
Ingersoll Rand (IR) (mentioned on Mad Money)
Ingersoll-Rand (IR) (Lightning Round)
Johnson & Johnson (JNJ) (Lightning Round)
Lilly (LLY) (mentioned on Stop Trading!)
Martin Marietta Materials (MLM) (mentioned on Mad Money)
Mellon Financial (MEL) (Lightning Round)
Microsoft (MSFT) (Lightning Round)
Motorola (MOT) (mentioned on Mad Money)
News Corp. (NWS) (Lightning Round)
NutriSystem (NTRI) (mentioned on Mad Money)
Panera Bread (PNRA) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
Schlumberger (SLB) (mentioned on Mad Money)
Schlumberger (SLB) (Lightning Round)
Schlumberger’s (SLB) (mentioned on Stop Trading!)
Sealy (ZZ) (Lightning Round)
Starbucks (SBUX) (Lightning Round)
Textron (TXT) (mentioned on Mad Money)
United Technologies (UTX) (mentioned on Mad Money)
United Technologies (UTX) (Lightning Round)
Vaalco Energy (EGY) (Lightning Round)
Vulcan Materials (VMC) (mentioned on Mad Money)
Wells Fargo (WFC) (Lightning Round)
Yahoo! (YHOO) ($28 or $30 target) (Lightning Round)

Bearish
Ametek (AME) (Lightning Round)
Burlington Northern (BNI) (Lightning Round)
Energy Partners (EPL) (Lightning Round)
Ford (F) (Lightning Round)
Ford Motor (F) (Lightning Round)
Hansen Natural (HANS) (Lightning Round)
Sealed Air (SEE) (Lightning Round)
Stonepath Group (STG) (Lightning Round)
Texas Instruments (TXN) (Lightning Round)
Valero Energy (VLO) (Lightning Round)

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

My friend Bill Poulos has made this 53 page trading guide, full of great tips, available to you absolutely free (for a limited time.) A highly recommended freebie! - Thierry Martin

Stocks closed lower once again with the Nasdaq Composite skidding to its lowest finish in 14 months and taking its third straight weekly loss. Profit warning from Dell and nervousness about slowing economic growth added fuel to the simmering fire. The worries about the economy overshadowed growing optimism that the Federal Reserve will stop raising interest rates soon.

Today, the Dow Jones Industrial average closed down 55.31 or 0.6% to 10,872.79, the broader Standard & Poor’s 500 index closed down 8.55 or 0.7% to 1,240.58, and the tech-heavy Nasdaq composite closed down 18.84 or 0.9% to 2,020.58. For the week, the Dow gained 1.2%, the S&P rose 0.3% and the Nasdaq lost 1%.

Market breadth was negative. On the New York Stock Exchange, losers topped winners by more than 2 to 1 as 1.5 billion shares changed hands. On the Nasdaq, decliners beat advancers 3 to 1 as 1.9 billion shares changed hands.

In the wake of Bernanke’s congressional testimony and release of the minutes of the last Federal Reserve meeting on interest rates, the federal-funds-futures market now sees an August increase in interest rates as unlikely.

The day belonged to Dell that led the downslide. Shares of Dell closed down $2.99 or 12% to $19.11, after warning that quarterly results will miss forecasts owing to its aggressive pricing in a slowing commercial market worldwide. The company announced that EPS would be 21-23 cents, on sales of about $14 billion. This is against the expected EPS forecast of 32 cents, and a revenue of $14.2 billion. Its weak outlook prompted three brokers to lower their recommendation on the company.

It was a torrid day for chip makers. Stock of Advanced Micro Devices closed down $3.42 or 13% to $18.23, after it reported higher quarterly earnings that were short of analysts’ estimates. Its quarterly sales slipped from a year ago and missed forecasts, due to slower demand and its ongoing price war with Intel. Shares of Intel closed up $0.05 to $17.15. Shares of Broadcom closed down $3.24 or 12% to $23.11, after warning that third- and fourth-quarter revenue will miss analysts’ estimates because of slowing sales and rising inventories. Chipmaker PMC Sierra also closed down $1.84 or 25% to $5.14, after warning that current-quarter revenue will miss expectations.

Stock of Google Inc. closed up $3.01 or 0.7% to $390.13 , on reporting that second-quarter profit more than doubled as it expanded its leading share of the market for online-search advertising. Google stock has been under pressure in 2006 after surging 115 percent in 2005.

Shares of Caterpillar Inc. saw choppy trading and finished down 1% at $68.35. The heavy-equipment maker, however, lifted its profit forecast for the year after reporting a 38% jump in second-quarter earnings. The company attributed the strong quarter to better prices for its products and higher sales volume.

Shares of Microsoft Corp. closed up $1.00 or 4.9% to $23.85, after posting results that topped expectations. Additionally, the company unveiled plans to buy back up to $40 billion of its own stock via a $20 billion tender offer and a five-year share-repurchase program. It reported a net income of $2.83 billion, or 28 cents a share, well ahead of Wall Street expectations. It reported sales of $11.8 billion, a 16% increase, against the expected $11.6 billion. In the plan to buy back, the company shall buy $20 billion worth of shares by Aug. 17 and $20 billion more through June 2011.

U.S. light crude oil for September delivery rose 23 cents to $74.50 a barrel on the New York Mercantile Exchange. Crude-oil futures rose amid signs that Israel is preparing for a ground invasion of southern Lebanon.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

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
Allstate (ALL) (RealMoney Radio)
Altria (MO) (Lightning Round)
Amgen (AMGN) (mentioned on Mad Money)
Amylin’s (AMLN) (wait until report Monday) (featured on Mad Money)
Boeing (BA) (RealMoney Radio)
Bristol-Myers Squibb (BMY) (RealMoney Radio)
Cedar Fair (FUN) (Lightning Round)
Chesapeake (CHK) (RealMoney Radio)
Chico’s FAS (CHS) (Lightning Round)
Citigroup (C) (mentioned on Mad Money)
Coldwater Creek (CWTR) (Lightning Round)
Colgate (CL) (Lightning Round)
Disney (DIS) (RealMoney Radio)
Eli Lilly (LLY) (mentioned on Mad Money)
General Motors’ (GM) (mentioned on Stop Trading!)
Johnson & Johnson (JNJ) (RealMoney Radio)
Kellogg (K) (RealMoney Radio)
McKesson (MCK) (RealMoney Radio)
MedcoHealth (MHS) (RealMoney Radio)
Merck (MRK) (RealMoney Radio)
MetLife (MET) (RealMoney Radio)
Mitsubishi UFJ Financial (MTU) (mentioned on Mad Money)
Nabors Industries (NBR) (RealMoney Radio)
PepsiCo (PEP) (RealMoney Radio)
Pfizer (PFE) (Lightning Round)
Procter & Gamble (PG) (Lightning Round)
Prudential (PRU) (RealMoney Radio)
Safeway (SWY) (RealMoney Radio)
Schering-Plough (SGP) (RealMoney Radio)
Sirius Satellite Radio (SIRI) (RealMoney Radio)
Southwest Airlines (LUV) ($20 target) (RealMoney Radio)
Starbucks (SBUX) (Lightning Round)
Trinity Industries (TRN) (Lightning Round)
Unilever (UL) (Lightning Round)
VF (VFC) (CEO interview on Mad Money)
Whole Foods Market (WFMI) (Lightning Round)
World Wrestling Entertainment (WWE) (buy at $15) (RealMoney Radio)
Zoltek (ZOLT) (Lightning Round)

Bearish
Cisco (CSCO) (RealMoney Radio)
Ford’s (F) (mentioned on Stop Trading!)
Hudson City Bancorp (HCBK) (RealMoney Radio)
Intel’s (INTC) (RealMoney Radio)
Marvell Technology (MRVL) (Lightning Round)
Microsoft (MSFT) (RealMoney Radio)
Qualcomm (QCOM) (RealMoney Radio)
Sara Lee (SLE) (Lightning Round)
Sirenza Microdevices (SMDI) (Lightning Round)
XM Satellite Radio (XMSR) (RealMoney Radio)

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

My friend Bill Poulos has made this 53 page trading guide, full of great tips, available to you absolutely free (for a limited time.) A highly recommended freebie! - Thierry Martin

Stocks closed lower amid fresh news of manufacturing weakness, uncertain outlook for interest rates, and disappointing sales forecast from Intel. The bad news from Intel dragged the technical down and seemed to overshadow a raft of upbeat earnings from Apple Computer Inc., Motorola Inc. and others.

Today, the Dow Jones Industrial average closed down 83.32 or 0.8% to 10,928.10, the broader Standard & Poor’s 500 index closed down 10.68 or 0.85 to 1,249.13, and the Nasdaq composite index closed down 41.29 or 25 to 2,039.42.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by a margin of 2 to 1 on volume of 1.67 billion shares. On the Nasdaq, decliners topped advancers by a margin of 3 to 1 as 2.07 billion shares changed hands.

Investors appear to be focused on the fact that inflation seems to be abating at a time when the economy may be slowing. Minutes from the Fed’s June meeting echoed that view, saying that slowing economic growth should help inflation ease next year. However, the minutes also showed members saw “significant uncertainty” surrounding the rate outlook, and that the decision to raise the target federal funds rate at this meeting was a close call. Investors have been hoping for signs that the Fed may be ready to wind down its rate-hiking campaign, and right now it’s just the battle of how much growth is going to slow and when the Fed is going to stop. A labor economist has suggested that the economy could cool even more in the third and fourth quarters of the year.

On the economic front, two reports offered further signs that economic growth is cooling. The Conference Board’s Index of Leading Economic Indicators rose just 0.1%, below the expected 0.2%. The report is used to gauge future economic activity. The Philadelphia Federal Reserve Bank reported that mid-Atlantic factory activity slowed in July. The business activity index declined to 6 from 13.1 in June against the expected 12. While anything above Zero shows growth – this is an indicator of slowing down.

Shares of Pfizer closed up $0.41 or 1.8% to $23.71, after reporting earnings that beat Wall Street’s estimates. It declared a net income of $2.42 billion, or 33 cents a share, compared with $3.46 billion, or 47 cents, earned in the second quarter last year. Total revenue for the quarter rose 3% to $11.74 billion from $11.45 billion last year.

Stock of Intel closed down $1.39 or 7% to $17.10. The world’s largest chipmaker offered a weaker-than-expected sales forecast as current quarter profit tumbled 57% from a year ago on lower sales. Dow component Honeywell International Inc. closed down $1.62 or 4.3% to $36.62, with upbeat quarterly results but reported weakness at its aerospace unit.

Shares of Ford Motor Co. closed down $0.14 or 2% to $6.19, after the company posted a surprise second-quarter loss. It stated that its business in North America was slammed by declining car sales.

Shares of Apple Computer Inc surged 12% to $60.54 after quarterly profits surged nearly 48% on higher sales of its iPod digital-media players and flagship Macintosh players. Its forecast-beating earnings overshadowed a fourth-quarter profit outlook that lagged Wall Street estimates.

Motorola Inc. saw its stock shoot up 7% to $20.60. The world’s second-biggest maker of mobile phones posted a 46% jump in profit, boosted by strong sales of its wireless products.

Shares of Ebay slipped 4.4% to $24.78. The company’s quarterly profit met analyst expectations, with sales surging 30%. It also said it will buy back $2 billion worth of its own shares during the next two years and will raise fees for eBay users who operate online stores.

Crude-oil futures for August closed up 42 cents at $73.08 a barrel, marking their first higher close in four sessions.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

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
ADC Telecommunications (ADCT) (RealMoney Radio)
Altria (MO) (mentioned on Mad Money)
Amazon (AMZN) (RealMoney Radio)
Apple (AAPL) (mentioned on Mad Money)
Apple (AAPL) (sell half) (RealMoney Radio)
Bancolombia (CIB) ($30 target) (RealMoney Radio)
Bank of America (BAC) (mentioned on Mad Money)
Boeing (BA) (mentioned on Mad Money)
Bristol-Myers (BMY) (RealMoney Radio)
Chevron (CVX) (Lightning Round)
Countrywide Financial (CFC) (Lightning Round)
CSX (CSX) (CEO interview on Mad Money)
CSX (CSX) (mentioned on Mad Money)
CSX (CSX) (mentioned on Stop Trading!)
Dow Chemical (DOW) ($40 target) (RealMoney Radio)
Dow Chemical (DOW) (mentioned on Mad Money)
eBay (EBAY) (RealMoney Radio)
Electronic Arts (ERTS) (Lightning Round)
Foster Wheeler (FWLT) (mentioned on Mad Money)
General Dynamics (GD) (mentioned on Stop Trading!)
General Mills (GIS) (mentioned on Mad Money)
General Motors (GM) (RealMoney Radio)
Grey Wolf (GW) ($7.50 - $8 target) (Lightning Round)
Halliburton (HAL) (mentioned on Mad Money)
Marvell (MRVL) ($40 target) (RealMoney Radio)
McDonald’s (MCD) (RealMoney Radio)
Medtronic (MDT) (RealMoney Radio)
Motorola (MOT) (Lightning Round)
Nabors (NBR) (Lightning Round)
Pepsi (PEP) (mentioned on Mad Money)
Pepsi (PEP) (RealMoney Radio)
Pfizer (PFE) (mentioned on Mad Money)
Schlumberger (SLB) (Lightning Round)
Schlumberger (SLB) (mentioned on Mad Money)
Sears Holdings (SHLD) (Lightning Round)
St. Jude Medical (STJ) (RealMoney Radio)
Trustreet Properties (TSY) (mentioned on Mad Money)
United Parcel Service (UPS) (Lightning Round)
United Technologies (UTX) (featured on Mad Money)
Valero Energy (VLO) (mentioned on Mad Money)
VF (VFC) (mentioned on Stop Trading!)
VF Corp. (VFC) (mentioned on Mad Money)
Wells Fargo (WFC) (Lightning Round)
Yahoo! (YHOO) (could go lower) (RealMoney Radio)

Bearish
3M (MMM) (mentioned on Mad Money)
Avocent (AVCT) (Lightning Round)
Baidu.com (BIDU) (Lightning Round)
Baker Hughes (BHI) (Lightning Round)
Chipotle Mexican Grill (CMG) (RealMoney Radio)
EMC (EMC) (Lightning Round)
Grainger (GWW) (mentioned on Mad Money)
PetroQuest Energy (PQ) (Lightning Round)
SunTrust Banks (STI) (Lightning Round)
Washington Mutual (WM) (Lightning Round)

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

My friend Bill Poulos has made this 53 page trading guide, full of great tips, available to you absolutely free (for a limited time.) A highly recommended freebie! - Thierry Martin

Soothing comments on inflation from Federal Reserve Chairman Ben Bernanke sparked hopes the central bank may stop raising interest rates soon. Stocks reacted positively and rallied with the Dow Jones Industrial Average adding more than 200 points. Additionally, strong earnings reports from J.P. Morgan Chase and International Business Machines also lent cheer.

Today, the Dow Jones Industrial average closed up 212.19 or 2% to 11,011.42, the broader Standard & Poor’s 500 index closed up 22.95 or 1.8% to 1,259.81, and the tech-heavy Nasdaq composite index closed up 37.49 or 1.8% to 2,080.71.

Market breadth was resoundingly positive. On the New York Stock Exchange, winners trounced losers by nearly 9 to 2 as 1.86 billion shares changed hands. On the Nasdaq, advancers topped decliners by more than 4 to 1 on volume of 2.37 billion shares.

Fed chief’s Ben Bernanke’s prepared testimony to Congress was more dovish than he has ever been and appeared that he would be less aggressive about raising interest rates in the future. He stated that inflation risks remain and the central bank is concerned about rising prices. But he said the economy is likely to slow and this should ease inflation pressures. He stated that the full impact of past rate hikes has yet to hit the economy. His testimony fits with the consensus that the Fed’s would either continue to raise rates or pause in August, depending on the central bank’s interpretation of the latest economic data.

However, the latest data reveals higher inflation and a cooling housing market, stoking concern the U.S. economy may be slowing down. U.S. consumer prices increased a moderate 0.2% in June, but core inflation rose 0.3% for the fourth straight month. The core rate is now a bit higher than the Federal Reserve is thought to be comfortable with. In further confirmation that the housing market is cooling off, builders began new housing construction at a slower rate in June, and the number of building permits issued also continued to decline.

Shares of IBM closed up $1.81 or 2.4% to $76.07, after reporting quarterly earnings that rose and topped estimates. The company reported a 10% profit rise from a year ago helped by lower administrative costs. But revenue from its key global services and hardware divisions fell.

Shares of Yahoo closed down $7.04 or 22% to $25.20, after reporting quarterly sales that rose from a year ago, but missed estimates. The quarterly earnings and sales fell shy of analysts’ expectations. The company also forecast third-quarter revenue that disappointed investors.

Stock of J.P. Morgan Chase & Co. rose 5.7% to $43.05 after its net income more than tripled on a boost from its investment-banking business. This saw the company gain record fees and “solid” market results.

U.S. light crude oil for August delivery fell 88 cents to settle at $72.66 a barrel on the New York Mercantile Exchange. Oil prices fell after a government report showed a surprise rise in weekly crude and gasoline supplies, and an unexpected increase in motor gasoline inventories.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

My friend Bill Poulos has made this 53 page trading guide, full of great tips, available to you absolutely free (for a limited time.) A highly recommended freebie! - Thierry Martin

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
Apartment Investment & Management (AIV) (featured on Mad Money)
Coca-Cola (KO) (Lightning Round)
Coca-Cola (KO) (mentioned on Stop Trading!)
Coca-Cola (KO) (RealMoney Radio)
Consolidated Edison (ED) (featured on Mad Money)
EuroZinc Mining (EZM) (Lightning Round)
Freeport-McMoRan (FCX) (mentioned on Stop Trading!)
Glaxosmithkline (GSK) (RealMoney Radio)
Halliburton (HAL) (Lightning Round)
Halliburton (HAL) (RealMoney Radio)
Intel (INTC) (Lightning Round)
Johnson & Johnson (JNJ) (featured on Mad Money)
Johnson & Johnson (JNJ) (RealMoney Radio)
Oracle (ORCL) (Lightning Round)
Peabody Energy (BTU) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
PepsiCo (PEP) (RealMoney Radio)
Procter & Gamble (PG) (featured on Mad Money)
Rentech (RTK) (Lightning Round)
St. Jude Medical (STJ) (featured on Mad Money)
Starbucks (SBUX) (Lightning Round)
Target (TGT) (Lightning Round)
United Technologies (UTX) (RealMoney Radio)
Yahoo! (YHOO) (mentioned on Stop Trading!)

Bearish
Alcoa (AA) (RealMoney Radio)
Alvarion (ALVR) (Lightning Round)
Ciena (CIEN) (RealMoney Radio)
EnCana (ECA) (Lightning Round)
Freeport Copper (FCX) (RealMoney Radio)
Headwaters (HW) (featured on Mad Money)
IBM (IBM) (mentioned on Stop Trading!)
Massey Energy (MEE) (Lightning Round)
Microsoft (MSFT) (Lightning Round)
National Beverage (FIZ) (Lightning Round)
Nortel (NT) (Lightning Round)
Prestige Brands (PBH) (featured on Mad Money)
RTI International Metals (RTI) (Lightning Round)
Spectrum Brands (SPC) (featured on Mad Money)
Travelzoo (TZOO) (Lightning Round)
Wal-Mart Stores (WMT) (Lightning Round)

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

Stocks ended higher after some help from a retreat in crude-oil prices and some solid earnings reports from United Technologies and Coca-Cola. However, the volatile situation in the Middle East coupled with unsettling inflation and housing data left investors in an uncertain frame of mind.

Today, the Dow Jones Industrial average closed up 51.87 or 0.5% to 10,799.23, the broader Standard & Poor’s 500 index closed up 2.37 or 0.2% to 1,236.86, and the tech-heavy Nasdaq composite index closed up 5.50 or to 2,043.22.

Market breadth was negative. On the New York Stock Exchange, losers beat winners nearly two to one on volume of 1.38 billion shares. On the Nasdaq, advancers topped decliners two to one, on volume of 1.66 billion shares.

The market reflected indecisiveness with no definite news and a persistent dark cloud in the Middle East. It’s hard for investors to make a commitment either on the buy side or the sell side. Fed Chairman Ben Bernanke will begin the first day of his two-day semi annual Congressional testimony on the economy, and investors will be hoping that he has something new to say about the direction of interest rates.

In data news, capital flows into the U.S. bounced back in May to nearly $70 billion as private overseas investors scooped up large amounts of Treasury bonds and government agency bonds. Prices at the wholesale level rose more than expected in June. Producer prices rose by a larger-than-expected 0.5%, but core inflation increased 0.2% as expected. This caused some concern on the headline figure but was reassuring on the core number.

Shares of Coca-Cola Co. closed up $0.85 or 2% to $43.55, after the beverage giant posted forecast-beating earnings, buoyed by strength in its Brazil, China and Russia markets, and strong sales of its non-carbonated Dasani water and Powerade. Likewise, stock of United Technologies Corp. rose 1.6% to $58.88 after the company raised its full-year outlook after posting a 15% rise in second-quarter profit. The company stated that strong aerospace demand and margins offset weakness in its Carrier heating and air conditioning equipment unit.

Shares of Johnson & Johnson shares closed down $0.31 or 0.5% to $60.60. This is despite the fact that company’s earnings beat analyst estimates, buoyed by strong sales of medical devices, pharmaceuticals and consumer products. It appeared that investors took a ’sell-the-news’ approach.

Stock of Merrill Lynch closed down $0.77 to $67.50, after reporting quarterly earnings that rose from a year earlier and beat estimates. However, worries that the recent difficult market conditions will hurt the performance in the current quarter, got the stock down.

In the retail sector, shares of Target closed down $2.02 or 4.3% to $45.53, after lowering its July sales forecast late Monday. At the same time, the company said it expects second-quarter profit to meet or exceed Wall Street analyst estimates.

Brokerage A.G. Edwards has cut Target and a number of other retailers, saying the warning could suggest consumer spending is starting to slow in response to rising energy prices and a slower housing market. This led Best Buy to close down $1.73 to $44.10, J.C. Penny to slide $2.29 to $63.37, and Abercrombie to lose $2.56 to $50.95.

U.S. light crude oil for August delivery fell $1.76 to settle at $73.54 a barrel on the New York Mercantile Exchange. Some traders deemed the potential spread of the violence between Israel and Lebanon into other areas of the Middle East as unlikely. However, many feel that Iran’s involvement remains a real possibility.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter
30-day risk-free trial

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
ABB (ABB) (buy in 3 days) (featured on Mad Money)
Allstate (ALL) (Lightning Round)
Apple (AAPL) (RealMoney Radio)
Bed Bath & Beyond (BBBY) (RealMoney Radio)
Boeing (BA) (featured on Mad Money)
Chicago Mercantile Exchange (CME) (Lightning Round)
Chico’s (CHS) (RealMoney Radio)
CIT Group (CIT) (featured on Mad Money)
Gamesa (GCTAF.PK) (featured on Mad Money)
Ingersoll-Rand (IR) (RealMoney Radio)
Johnson & Johnson (JNJ) (mentioned on Stop Trading!)
Lowe’s (LOW) (featured on Mad Money)
Lowe’s (LOW) (RealMoney Radio)
Manulife (MFC) (Lightning Round)
Nabors (NBR) (featured on Mad Money)
Nike (NKE) (Lightning Round)
Oakley (OO) (Lightning Round)
Palm (PALM) (RealMoney Radio)
Procter & Gamble (PG) (mentioned on Stop Trading!)
Procter & Gamble (PG) (RealMoney Radio)
Prudential (PRU) (Lightning Round)
Safeway (SWY) ($30 target) (Lightning Round)
Scotts Miracle-Gro (SMG) (RealMoney Radio)
Sealy (ZZ) (Lightning Round)
Varian Medical Systems (VAR) (featured on Mad Money)
Vesta (VWSYF.PK) (featured on Mad Money)
Whirlpool (WHR) (featured on Mad Money)
XM Satellite Radio (XMSR) (RealMoney Radio)
Yahoo! (YHOO) (featured on Mad Money)

Bearish
3M (MMM) (Lightning Round)
Advanced Micro (AMD) (mentioned on Stop Trading!)
Broadwing (BWNG) (Lightning Round)
China Medical Technologies (CMED) (featured on Mad Money)
Ciena (CIEN) (Lightning Round)
Dell (DELL) (mentioned on Stop Trading!)
DuPont (DD) (featured on Mad Money)
Eagle Materials (EXP) (Lightning Round)
eBay (EBAY) (featured on Mad Money)
EMC (EMC) (mentioned on Stop Trading!)
Headwaters (HW) (CEO interview on Mad Money)
Home Depot (HD) (featured on Mad Money)
Home Depot (HD) (RealMoney Radio)
Intel (INTC) (mentioned on Stop Trading!)
Interpublic Group of Companies (IPG) (RealMoney Radio)
Iron Mountain (IRM) (Lightning Round)
Spectrum Brands (SPC) (RealMoney Radio)
Sun Life Financial (SLF) (Lightning Round)

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