Archive for August, 2006

PortfolioCrafter - Market Commentary 8/17/06

Thursday, August 17th, 2006

PortfolioCrafterStocks ended higher after Hewlett-Packard Co declared strong quarterly results and as investors remained optimistic that economic growth has slowed enough for the Federal Reserve to hold interest rates steady. Falling oil prices added fuel to the fire

Today, the Dow Jones industrial average closed up 7.84 or 0.07% to 11,334.96, the broader Standard & Poor’s 500 index closed up 2.05 or 0.16%to 1,297.48, and the Nasdaq composite closed up 8.07 or 0.38% to 2,157.61.

Market breadth was positive. On the New York Stock Exchange, winners beat losers 17 to 15 as 1.57 billion shares changed hands. On the Nasdaq, advancers topped decliners by 17 to 12 on volume of almost 1.94 billion shares.

While concerns over an economic slowdown and downturn in the stock market down the road are alive, the markets may make a run at their recent highs over the next several weeks. The combination of the lower oil prices and the increased bets that the 2 year interest-rate hiking campaign is over have led a broad rally this week. The pair of inflation reports this week - on wholesale and consumer prices - seemed to support that scenario, providing comfort to investors.

While several economic reports having investors worried the economy is slowing too much, there was good news out of the Federal Reserve Bank of Philadelphia. The Philly Fed index on manufacturing activity rose from 6.0 in July to 18.5 in August, against the expected 7.8. This indicates that most manufacturing firms surveyed are growing. On the other hand, the composite index of leading economic indicators fell 0.1% in July after posting a 0.1% gain in June. The index is designed to forecast economic activity six to nine months ahead of time, and indicates that the economy is slowing down. On unemployment, fewer Americans filed for first-time benefits, although the number of workers continuing to collect unemployment benefits hit a six-month high. Initial jobless claims fell by 10,000 to 312,000 for the week ending Aug 12, against the expected dip to 316,000.

Shares of Hewlett-Packard Co closed up $0.72 or 2.1% to $35.15, after it reported quarterly earnings and revenue that rose from a year ago and topped Wall Street expectations. Additionally, the company also announced that it would buy back up to $6 billion in shares. The computing giant also said it plans to buy back $6 billion worth of H-P stock. The company said quarterly net income rose by nearly $1 billion from a year earlier, and the results were helped by cost cuts and stronger demand for printers and personal computers. Sales for the quarter rose just over 5%.

Shares of Merck & Co shares fell $2.53 or 5.7% to $38.83 after a federal jury in New Orleans found the drug maker negligent in the case of a man who alleged that he suffered a heart attack brought about by his use of the company’s painkiller treatment Vioxx. The jury has found that the drug maker misrepresented the risks of the arthritis painkiller and awarded the plaintiff more than $50 million in damages. Additionally, a New Jersey court judge tossed out an earlier verdict that favored Merck in a separate trial, based on new evidence stemming from a correction in the New England Journal of Medicine. The company said it plans to appeal the verdict from the New Orleans case.

Shares of Sears Holdings Inc. fell $8.71 or 5.8% to $141.29, after the No. 3 retailer reported higher quarterly earnings that beat estimates. However, investors took a ’sell the news’ approach and sent the stock lower. The company posted an 83% increase in second-quarter profit, helped by reduced expenses and improved gross margins. But, investors are worried that a hike in inventories, at a time when consumers are reining in spending, could add more risk to the company. The company has a cash trove of about $3.7 billion. This could be invested in any number of acquisitions, joint ventures and partnerships that will offer attractive return opportunities.

U.S. light crude for September delivery retreated $1.83 to $70.06 a barrel on the New York Mercantile Exchange. The retreat in prices is owing to the cease-fire in the war between Israel and Hezbollah militants in Lebanon.

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

Cramer’s Mad Money Daily Recap 8/16/06

Thursday, August 17th, 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
Airgas (ARG) (Lightning Round)
Alcan (AL) (mentioned on Stop Trading!)
America Movil (AMX) (Lightning Round)
Apple (AAPL) (mentioned on Stop Trading!)
Applied Materials (AMAT) (Lightning Round)
Arch Coal (ACI) (RealMoney Radio)
ATP Oil & Gas (ATPG) (CFO interview on Mad Money)
Berkshire Hathaway (BRKA) (Lightning Round)
Best Buy (BBY) (RealMoney Radio)
CarMax (KMX) (RealMoney Radio)
Charming Shoppes (CHRS) (mentioned on Stop Trading!)
Commerce Group (CGI) (Lightning Round)
Corning (GLW) (Lightning Round)
Corning (GLW) (mentioned on Stop Trading!)
Crystallex (KRY) (RealMoney Radio)
Deere (DE) (mentioned on Stop Trading!)
Deere (DE) (RealMoney Radio)
Ensco International (ESV) (RealMoney Radio)
Federated Department Stores (FD) (RealMoney Radio)
General Motors (GM) (RealMoney Radio)
Hewlett-Packard (HPQ) (RealMoney Radio)
Home Depot (HD) (RealMoney Radio)
J.C. Penney (JCP) (RealMoney Radio)
J.C. Penney (JCP) (mentioned on Stop Trading!)
Kohl’s (KSS) (mentioned on Stop Trading!)
Los Vegas Sands (LVS) (mentioned on Stop Trading!)
Lowe’s (LOW) (Lightning Round)
McDonald’s (MCD) (featured on Mad Money)
McDonald’s (MCD) (Lightning Round)
Microsoft (MSFT) (RealMoney Radio)
Monsanto (MON) (featured on Mad Money)
Motorola (MOT) (RealMoney Radio)
News Corp. (NWS) (Lightning Round)
NightHawk (NHWK) (Lightning Round)
Nvidia (NVDA) (RealMoney Radio)
Oracle (ORCL) (Lightning Round)
Palm (PALM) (RealMoney Radio)
Peabody (BTU) (RealMoney Radio)
Qualcomm (QCOM) (RealMoney Radio)
Rentech (RTK) (RealMoney Radio)
Sears Holdings (SHLD) (Lightning Round)
Starbucks (SBUX) (RealMoney Radio)
Target (TGT) (mentioned on Stop Trading!)
Time Warner (TWX) (RealMoney Radio)
TJX (TJX) (RealMoney Radio)
UnitedHealth Group (UNH) (RealMoney Radio)
Wynn (WYNN) (mentioned on Stop Trading!)

Bearish
Brocade Communications (BRCD) (Lightning Round)
Buffalo Wild Wings (BWLD) (Lightning Round)
Burger King (BKC) (mentioned on Mad Money)
Cree (CREE) (Lightning Round)
Regeneron Pharmaceuticals (REGN) (Lightning Round)
Vonage (VG) (mentioned on Mad Money)
Wendy’s (WEN) (mentioned on Mad Money)

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

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PortfolioCrafter - Market Commentary 8/16/06

Wednesday, August 16th, 2006

PortfolioCrafterThe latest consumer price data eased inflation fears and firmed expectations the Federal Reserve will continue to stay its hand on interest. This prompted stocks to end higher for a third straight day with the Dow Jones Industrial Average and the S&P 500 at their best levels in three months.

Today, the Dow Jones industrial average closed up 96.86 or 0.86% to 11,327.12, the broader Standard & Poor’s 500 index closed up 9.85 or 0.77% to 1,294.45, and the Nasdaq composite index closed up 34.53 or 1.63% to 2,149.54. Since the start of the year, the tech-rich Nasdaq Composite index is down around 2.5%. In contrast, the Dow is up about 5.5% while the S&P 500 has gained nearly 4%.

Market breadth was positive. On the New York Stock Exchange, winners beat losers almost three to one as nearly 1.6 billion shares changed hands. On the Nasdaq, advancers topped decliners three to two on volume of 2.1 billion shares.

Yesterdays report on wholesale prices and today’s read on consumer prices show less inflationary pressure than had been expected. This has given cheer in that the Feds will not have to restart their recently-paused interest-rate hiking campaign next month. However, investors need to be cautious since just because the inflation picture is good for this month, doesn’t mean it will be good for next month. In the months ahead, the market will have to deal with rising interest rates, inflation fears, a slowdown in economic growth, a tenuous housing market, exceptionally high energy costs, a threat of storms in the Gulf, unrest in the Middle East, and the uncertainty over the upcoming election.

In data news, core prices showed a smaller than expected rise by 0.2% against the projected 0.3%. Soaring energy costs pushed the total CPI up 0.4% in July, as expected by economists. Construction of new houses fell 2.5% in July, weaker than expected by economists. Industrial production rose by 0.4% in July, against the expected 0.5% rise. All these are news that are detrimental to any further rate increase.

Shares of Applied Materials Inc. closed up $0.02 to $15.71, after the chip gear maker reported a stronger-than-forecast 39% profit rise, saying it benefited from a wave of factories coming online and the proliferation of consumer electronic devices. However, the company was more cautious on the current quarter, saying higher chip inventories would hurt demand.

Shares of Abercrombie & Fitch rallied $7.46 or 14% to $63.19, after reporting quarterly earnings and revenue that beat estimates. It also issued earnings guidance for fiscal 2007 that is higher than analysts’ estimates. Its second-quarter net earnings were $65.7 million, against $57.4 million in the same period last year.

U.S. light crude for September delivery retreated $1.16 to $71.89 a barrel on the New York Mercantile Exchange. The report on weekly oil inventories showed that crude supplies declined about what had been expected after BP shut down half of its Alaska oil field last week. However, the decline has been far lower than expected.

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

Cramer’s Mad Money Daily Recap 8/15/06

Wednesday, August 16th, 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) (mentioned on Mad Money)
Alon USA Energy (ALJ) (Lightning Round)
Arch Coal (ACI) (mentioned on Mad Money)
Becton Dickinson (BDX) (Lightning Round)
BP (BP) (Lightning Round)
Brinker (EAT) (mentioned on Mad Money)
Brinker (EAT) (RealMoney Radio)
Capital One Financial (COF) (Lightning Round)
CBS (CBS) (RealMoney Radio)
Continental Airlines (CAL) (CEO interview on Mad Money)
Countrywide Financial (CFC) (Lightning Round)
CYTYC (CYTC) (Lightning Round)
Deere (DE) ($75 target) (Lightning Round)
Disney (DIS) (Lightning Round)
EuroZinc Mining (EZM) (Lightning Round)
Exxon Mobil (XOM) ($70 target) (Lightning Round)
Federated Department Stores (FD) (mentioned on Mad Money)
Federated Department Stores (FD) (RealMoney Radio)
FedEx (FDX) (Lightning Round)
International Game Technology (IGT) (mentioned on Mad Money)
J.C. Penney (JCP) (mentioned on Mad Money)
J.C. Penney (JCP) (RealMoney Radio)
Peabody Energy (BTU) (mentioned on Mad Money)
Qualcomm (QCOM) (RealMoney Radio)
Qwest Communications (Q) ($10 target) (Lightning Round)
Qwest Communications (Q) (Lightning Round)
Sirius Satellite Radio (SIRI) (RealMoney Radio)
Smith & Wesson (SWHC) ($10 target) (Lightning Round)
Target (TGT) (mentioned on Mad Money)
Target (TGT) (RealMoney Radio)
Varian (VAR) (Lightning Round)
Yamana Gold (AUY) (Lightning Round)

Bearish
Bema Gold (BGO) (Lightning Round)
Broadwing (BWNG) (Lightning Round)
Cephalon (CEPH) (mentioned on Stop Trading!)
Citrix Systems (CTXS) (RealMoney Radio)
EZCORP (EZPW) (Lightning Round)
Forest Oil (FST) (Lightning Round)
Intuitive Surgical (ISRG) (RealMoney Radio)
Jacobs Engineering Group (JEC) (RealMoney Radio)
Massey Energy (MEE) (mentioned on Mad Money)
Respironics (RESP) (Lightning Round)
Time Warner (TWX) (RealMoney Radio)
Titanium Metals (TIE) (RealMoney Radio)
Tyco (TYC) (Lightning Round)
United Parcel Service (UPS) (Lightning Round)
Walter Industries (WLT) (mentioned on Mad Money)

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

Free Swing Trading Guide

PortfolioCrafter - Market Commentary 8/15/06

Tuesday, August 15th, 2006

PortfolioCrafterA tame inflation report allayed fears of further interest rate hikes to come, and shifted the focus away from concerns over slowing economic growth. This led the stocks to end higher with the S&P 500 at its best level in 2 1/2 months. The Nasdaq Composite posted its best one-day point gain in more than six weeks to end at a one-month high, while the Dow Jones Industrial Average rallied triple digits to put in its biggest one day point rise in more than three weeks.

Today, the Dow Jones industrial average closed up 132.39 or 1.19% to 11,230.26, the broader Standard & Poor’s 500 index closed up 17.37 or 1.37% to 1,285.58, and the Nasdaq composite index closed up 45.97 or 2.22% to 2,115.01.

Market breadth was resoundingly positive. On the New York Stock Exchange, winners trounced losers by more than five to one on volume of 1.51 billion shares. On the Nasdaq, advancers beat decliners by three to one on volume of nearly 1.80 billion shares.

Stocks began the day on a positive note and kept going from there. The sustenance of the rally will be defined tomorrow by the read on consumer inflation (CPI) which is a more telling indicator of pricing pressure. This is expected to have risen 0.4% in the month. A number lower than this could really see the rally continue and vice-versa.

The PPI rose 0.1% in July, below the 0.3% gain expected, and the core PPI fell 0.3%, against the expected gain of 0.2%. This reinforces, for the moment, the notion that the Fed is not going to be a problem. In other data news, the manufacturing in the area this month expanded at the slowest rate in more than a year, further supporting the case for the Fed to end its rate increases. The Empire State Manufacturing index fell to 10.3 in August from a revised 16.6 in July, a decline that was larger than expected.

Star of the day Home Depot closed up $1.18 or3.6% to $34.44, after reporting earnings that rose from a year earlier and topped forecasts by a penny a share. The home-improvement giant had a better-than-forecast 5.3% profit rise on 17% second-quarter sales growth, but cautioned that full-year EPS and sales will be at the “low end” of its previously forecast range as it is reinvesting heavily in labor and new-store models amid a tough economic environment. The company plans to invest $350 million into its store base in the second half, to address customer service and merchandising assortment.

Shares of Wal-Mart closed down $0.55 or 1.2% to $44.55, on reporting quarterly earnings that rose from a year earlier and met estimates. The company also issued a third-quarter earnings forecast that sets the midpoint below analysts’ expectations. It has reported a 26% decline in net profit for the second quarter along with a revenue growth of 11%.

Stock of Dell closed up $0.84 or 4% to $22.08, even after announcing that it will recall 4.1 million Sony-produced computer notebook batteries because they are a fire hazard. Government safety regulators said that this was the largest recall ever in the U.S. consumer electronics industry. The company said the recall would have no “material adverse effect” on its results of operations, financial position or cash flows. Despite this, shares of Sony Corp closed up 1.4% at $45.43.

U.S. light crude for September delivery eased 48 cents to settle at $73.05 a barrel on the New York Mercantile Exchange. While traders are expecting U.S. data this week to show a decline in crude inventories, the Israeli-Hezbollah cease fire in the oil rich Middle East region is keeping a tight cap on gains.

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

Cramer’s Mad Money Daily Recap 8/14/06

Tuesday, August 15th, 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.

Monday’s show was a compliation of highlights from previous shows.

Bullish
Apple Computer (AAPL) (June 23 Mad Money)
Cnooc (CEO) (June 23 Mad Money)
Deutsche Telekom (DT) (June 23 Mad Money)
Freeport-McMoRan (FCX) (June 15 Mad Money)
General Mills (GIS) (June 23 Mad Money)
Nucor (NUE) (June 15 Mad Money)
Panera Bread (PNRA) (June 23 Mad Money)
Schering-Plough (SGP) (June 23 Mad Money)
Sears Holdings (SHLD) (June 23 Mad Money)
Walter Industries (WLT) (June 23 Mad Money)

Bearish
Amgen (AMGN) (June 15 Mad Money)
Gateway (GTW) (June 23 Mad Money)
Nabors Industries (NBR) (June 15 Mad Money)
Symantec (SYMC) (June 15 Mad Money)

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

Free Swing Trading Guide

PortfolioCrafter - Market Commentary 8/14/06

Monday, August 14th, 2006

PortfolioCrafterStocks ended slightly higher as oil prices eased after a cease-fire in the fighting between Israel and Hezbollah. However, concerns over the nation’s economic outlook, inflation and interest rates nearly erased the early rally. Investors did not find enough reason to sustain an advance ahead of key inflation news expected in the next two day.

Today, the Dow Jones Industrial Average closed up 9.84 points to 11,097.87, the S&P 500 Index closed up 1.47 points to 1,268.21, and the Nasdaq Composite Index added 11.33 points to 2,069.04. For the year, the Nasdaq is down more than 5% compared to gains of 5% for the Dow and over 2% for the S&P 500.

Market breadth was still positive. On the New York Stock Exchange, winners beat losers nine to seven on volume of 1.39 billion shares. On the Nasdaq, advancers topped decliners by eight to seven on volume of 1.5 billion shares.

The market may not be able to sustain a rally unless it is confirmed that the current slowdown is a temporary phase, not indicative of an impending recession in six months. The U.N. negotiated cease-fire did help remove one of the elements that had been weighing on an otherwise healthy market. The underlying fundamentals of the market are excellent, and it is evident that we’re going to get about a 14% earnings increase from the second quarter of last year.

In data news expected over the next two days, economist economists producer prices to show a 0.3% increase, with core PPI registering a 0.2% gain. Consumer prices are expected to show a 0.4% gain, and the core consumer price rate is expected to show a 0.3% advance. Investors are also hoping inflation will not rise more than expected. Should the economic news suggest that the Federal Reserve needs to start raising rates again, there will be a sell-off in the offing.

Stock of Apple Computer Inc. rose 29 cents to $63.94. Investors discounted news that the maker of iPods and Macintosh computers has been notified by the Nasdaq that it was out of compliance with the exchange’s listing rules. Shares of Cisco Systems closed up $0.55 or 1.5% to $20.09, on a bullish mention in Barron’s. The weekly said Cisco should benefit from telecom companies needing to upgrade their networks to handle services such as video.

Bear Stearns has upgraded the automaker Ford Motor Co. to an outperform from an underperform rating. This led the shares of Ford to jump 6.2% to $7.83. At the same time they have lowered their rating on General Motors to underperform from peer perform. Shares of GM were last down 2 cents to $30.09. They believe that all the good news from GM is now behind them.

Stock of Merck rose 0.7% to $40.88, after the drug company announced in a joint statement with Gilead Sciences Inc. an agreement for the distribution of once-daily HIV treatment Atripla to developing countries. Gilead will manufacture Atripla, while Merck will handle its distribution.

Shares of PepsiCo gained $0.65 or 0.62% to $63.95, after announcing that its Chairman and CEO Steve Reinemund, will retire in March and the Chief Financial Officer Indra Nooyi will assume the CEO job this October. Steve had led the company past Coca-Cola in terms of market capitalization for the first time. Indra becomes the first woman to hold the post and enters the list of leading women in corporate America.

U.S. light crude fell 82 cents to $72.53 a barrel on the New York Mercantile Exchange. Easing Middle East tensions and news that BP would maintain Alaska pipeline production at 200,000 barrels a day while it makes pipeline repairs weighed on prices. The cease-fire also downplayed worries that nearby oil-producing countries such as Syria and Iran would join the conflict, thereby driving up crude prices.

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

Cramer’s Mad Money Daily Recap 8/11/06

Monday, August 14th, 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.

Friday’s show was a repeat of a previously broadcast show - no new stock picks.

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PortfolioCrafter - Market Commentary 8/11/06

Friday, August 11th, 2006

PortfolioCrafterStocks closed lower after a session where investors spent a lot of time trying to diagnose the uncertain health of the economy. Investors digested retail sales numbers pointing toward strength and a business inventories report suggesting sluggishness. The sell off today was led by technology amid a mix of disappointing earnings and questions about stock options practices.

Today, the Dow Jones industrial average closed down 36.34 or 0.33% to 11,088.03, the broader Standard & Poor’s 500 closed down 5.07 or 0.4% to 1,266.74, and the tech fueled Nasdaq composite closed down 14.03 or 0.68% to 2,057.71. For the week, the Dow lost 1.4%, the S&P 500 fell 1% and the Nasdaq Composite dropped 1.3%.

Market breadth was negative. On the New York Stock Exchange, losers beat winners 21 to 11 on volume of 1.31 billion shares. On the Nasdaq, decliners topped advancers by 19 to 9 on volume of 1.45 billion shares.

Investors focused on the pace of inflation and on whether the economic slowdown will result in a “hard landing,” searching for clues in the new data reports. They are increasingly fearful that the economy is going to slow down from even what we saw in the second quarter.

Talk of further rate increase got fueled by retail sales that grew 1.4% last month, against the expected 0.8% growth. Retail sales represent the health of the consumer, and this has been a big economic question mark hanging over the financial markets. It is apparent that moderate income growth is offsetting gas price inflation, thereby keeping discretionary spending alive. While retailing is holding up quite well, a sustained slowing is expected over the next few months. Prices of goods imported into the U.S. rose 0.9% in July on the back of high oil prices, indicating inflationary pressures.

Shares of Apple Computer closed down $0.42 or 0.7% at $63.58, after it stated that it would delay filing its most recent quarterly report and will make big changes for the period due to problems related to past stock-option grants. The company expects significant increases in revenue and expenses for the third quarter but could not provide estimates because of an expected restatement of prior periods to account for irregularities in past stock-based compensation. Apple is now among the most high profile companies caught up in a stock-options scandal that has swept through the technology industry.

Stock of Nvidia closed down $0.75 or 2% to $23.41, after the company said that it is reviewing its stock option practices going back to 1999. Because of this, the company delayed reporting second-quarter earnings, although it did report higher quarterly revenue. Revenue was up 20% to $687.5 million, against the expected $677.1 million.

Brazilian miner Companhia Vale Do Rio Doce has entered the bidding fray for the Canadian nickel producer Inco which led the stock to close up 3.4% to $79.21. Vale do Rio Doce said it’s going to launch a $15.1 billion bid for Inco. This bid iswithout the backing of Inco, whose board has come out in support of an offer from Phelps Dodge. Teck Cominco, another Canadian miner, also has an offer on the table for Inco.

Stock of Bisys Group closed down $2.72 or 23% to $9.20, after it announced that its president and CEO was resigning to run another company. Additionally, it also stated that it won’t report 2006 results on time, that 2007 results will miss forecasts and that it has hired an investment bank to look at its options.

General Motors ended 1.6% lower at $30.11, after Rick Wagoner, the CEO said the company will slow the production pace of its new lineup of full-size sport utility vehicles during the second half in an effort to cope with rising inventories.

U.S. light crude for September delivery rose 35 cents to $74.35 a barrel on the New York Mercantile Exchange. Traders weighed demand concerns linked to heightened terrorism fears against an uncertain supply outlook.

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

Cramer’s Mad Money Daily Recap 8/10/06

Friday, August 11th, 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
Amgen (AMGN) (RealMoney Radio)
BHP Billiton (BHP) (buy at $40) (Lightning Round)
Capital One Financial (COF) (Lightning Round)
Cisco (CSCO) (Lightning Round)
Comcast (CMCSA) (mentioned on Mad Money)
Crystallex (KRY) (RealMoney Radio)
Devon Energy (DVN) (Lightning Round)
Disney (DIS) (RealMoney Radio)
Essex (KEYW) (featured on Mad Money)
Exxon Mobil (XOM) (featured on Mad Money)
Fluor (FLR) (mentioned on Stop Trading!)
Harrah’s Entertainment (HET) (featured on Mad Money)
J.C. Penney (JCP) (Lightning Round)
J.C. Penney (JCP) (mentioned on Stop Trading!)
J.C. Penney (JCP) (RealMoney Radio)
Johnson & Johnson (JNJ) (featured on Mad Money)
L-3 (LLL) (featured on Mad Money)
L-3 (LLL)(LLL) (RealMoney Radio)
Las Vegas Sands (LVS) (featured on Mad Money)
MGM Mirage (MGM) (featured on Mad Money)
Nabors (NBR) (RealMoney Radio)
NutriSystem (NTRI) (mentioned on Mad Money)
Oregon Steel (OS) (Lightning Round)
Procter & Gamble (PG) (featured on Mad Money)
Qualcomm (QCOM) (Lightning Round)
Qwest (Q) ($10 target) (Lightning Round)
St. Jude (STJ) (mentioned on Mad Money)
Target (TGT) (mentioned on Stop Trading!)
TD Ameritrade (AMTD) (Lightning Round)
TJX (TJX) (mentioned on Stop Trading!)
Toyota (TM) (RealMoney Radio)
Trump Entertainment (TRMP) ($10 target) (mentioned on Mad Money)
Valero (VLO) (Lightning Round)
Varian (VAR) (featured on Mad Money)
Varian (VAR) (RealMoney Radio)
Wausau Paper (WPP) (Lightning Round)
Wheeling-Pittsburgh (WPSC) (Lightning Round)
World Wrestling Entertainment (WWE) (Lightning Round)
Wynn (WYNN) (featured on Mad Money)
Yamana (AUY) (RealMoney Radio)

Bearish
Armor Holdings (AH) (Lightning Round)
Cephalon (CEPH) (RealMoney Radio)
Ciena (CIEN) (RealMoney Radio)
Constellation Brands (STZ) (Lightning Round)
Cooper Tire & Rubber (CTB) (Lightning Round)
IBM (IBM) (Lightning Round)
International Paper (IP) (Lightning Round)
JDSU (JDSU) (Lightning Round)
Juniper Networks (JNPR) (Lightning Round)
KB Home (KBH) (RealMoney Radio)
Krispy Kreme (KKD) (RealMoney Radio)
NYSE Group (NYX) (Lightning Round)
Perrigo (PRGO) (Lightning Round)
Petrohawk Energy (HAWK) (Lightning Round)
PetSmart (PETM) (Lightning Round)
Starbucks (SBUX) (RealMoney Radio)
UTStarcom (UTSI) (Lightning Round)
Witness Systems (WITS) (Lightning Round)
Zumiez (ZUMZ) (Lightning Round)

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Free Swing Trading Guide