Traders-Blog.com

Stocks closed lower on the day and the week. Markets were pressured by concern that the economy could be entering a major slowdown and about the potential impact of a congressional probe into Hewlett-Packard Co. The losses have been a major disappointment to many investors; as many analysts were predicting new record highs for the Dow Jones Industrials and the S&P 500.

Today, the Dow Jones industrial average closed down 25.13 or 0.22% to 11,508.10, the Standard & Poor’s 500 lost 3.25 or 0.25% to 1.314.78, and the Nasdaq composite index closed down 18.82 or 0.84% to 2,218.93. For the week, the Dow lost 0.5%, S&P 500 fell 0.4% and the Nasdaq gave up 0.7%.

Market breadth was negative. On the New York Stock Exchange, losers beat winners 5 to 3 on volume of 1.43 billion shares. On the Nasdaq, decliners beat advancers almost 5 to 2 on volume of 1.67 billion shares.

The weak reading on manufacturing in the Philadelphia area have sparked worries about the economy, and has given investors a good reason to back track after the recent rally. Stocks have rallied over the last few weeks on lower oil prices, a belief that the economy is heading for a slowdown, not a recession and relief that the Federal Reserve Board seems to be set to keep interest rates unchanged for now. The news that revives the threat of the economy heading into recession, rather than a so-called ’soft landing, has got investors worried.’ Additionally, corporate news including Boston Scientifics’ warning and the continued overhang of Hewlett-Packard, has not been helping matters.

Shares of Boston Scientific closed down $1.56 or 9.2% to $14.80, after warning that third-quarter sales and earnings will miss forecasts due to weakness across most of its businesses. The medical device maker also warned that sales of its top-selling drug-coated stent will fall from last quarter and miss estimates.

Stock of KB Home closed up $1.10 to $44.15, after reporting quarterly revenue that rose from a year earlier and topped estimates. However, home sales that slumped from the prior year. The company did not release quarterly earnings, due to an ongoing internal probe of its stock option grants. The company however stated that a difficult market was unlikely to improve in the future.

Shares of Nike Inc. moved up $3.84 or 4.5% to $86.30, after it reported quarterly earnings that declined less than expected. While its earnings that fell from a year earlier, they nonetheless beat estimates.

Hewlett-Packard managed to close up 24 cents at $35.11. Its CEO Mark Hurd is to testify before a congressional committee next week over the company’s “pretexting” scandal. Additionally, the SEC has requested records and information related to the resignation of a board member.

U.S. light crude oil for November delivery fell $1.04 to $60.55 a barrel on the New York Mercantile Exchange.

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.

Take Profits
General Mills (GIS) (Sell Block on Mad Money)
Gymboree (GYMB) (Sell Block on Mad Money)
Herman Miller (MLHR) (Sell Block on Mad Money)
JC Penney (JCP) (Sell Block on Mad Money)
Morton’s Restaurant (MRT) (Sell Block on Mad Money)
Oracle (ORCL) (Sell Block on Mad Money)
OSI Restaurant (OSI) (Sell Block on Mad Money)

Bullish
Allstate (ALL) (Lightning Round)
Automatic Data Processing (ADP) (Lightning Round)
Boeing (BA) (Lightning Round)
Boeing (BA) (RealMoney Radio)
Broadcom (BRCM) (RealMoney Radio)
Chevron (CVX) (mentioned on Stop Trading!)
Clorox (CLX) (mentioned on Stop Trading!)
Coldwater Creek (CWTR) (RealMoney Radio)
Continental Airlines (CAL) (Lightning Round)
CVS (CVS) (RealMoney Radio)
Darden Restaurants (DRI) (featured on Mad Money)
Diageo (DEO) (Lightning Round)
Federated Stores (FD) (RealMoney Radio)
First Marblehead (FMD) (RealMoney Radio)
Freeport-McMoRan (FCX) (Lightning Round)
Goldman Sachs (GS) (RealMoney Radio)
Ingersoll-Rand (IR) (RealMoney Radio)
Intel (INTC) (Lightning Round)
J.C. Penney (JCP) (RealMoney Radio)
Jack in the Box (JBX) (featured on Mad Money)
Kimberly-Clark (KMB) (mentioned on Stop Trading!)
Kimberly-Clark (KMB) (RealMoney Radio)
Level 3 Communications (LVLT) (Lightning Round)
Masco (MAS) (CEO interview on Mad Money)
MedcoHealth (MHS) (RealMoney Radio)
Microsoft (MSFT) ($30 target) (Lightning Round)
Morgan Stanley (MS) (RealMoney Radio)
Pitney Bowes (PBI) (Lightning Round)
Procter & Gamble (PG) (mentioned on Stop Trading!)
Rackable Systems (RACK) (Lightning Round)
Rite Aid (RAD) (RealMoney Radio)
Ruth’s Chris Steak House (RUTH) (featured on Mad Money)
Schering-Plough (SGP) (’mon back at $20) (Lightning Round)
Sigma Designs (SIGM) (buy at $14, sell at $19) (Lightning Round)
St. Jude Medical (STJ) (buy down $1.50) (Lightning Round)
Symantec (SYMC) ($25 target) (Lightning Round)
Texas Roadhouse (TXRH) (featured on Mad Money)
Tribune (TRB) (target $8 gain) (RealMoney Radio)
Urban Outfitters (URBN) (RealMoney Radio)
USG (USG) (Lightning Round)
USG (USG) (RealMoney Radio)
Varian Medical (VAR) (Lightning Round)
Walgreen (WAG) (RealMoney Radio)
Wendy’s (WEN) (featured on Mad Money)

Bearish
AMR (AMR) (Lightning Round)
British Airways (BAB) (Lightning Round)
Encore Wire (WIRE) (Lightning Round)
Helix Energy (HLX) (Lightning Round)
II-VI (IIVI) (Lightning Round)
Internap (INAP) (Lightning Round)
Natus Medical (BABY) (Lightning Round)
Progressive (PGR) (Lightning Round)
Rambus (RMBS) (Lightning Round)

Stocks closed with sharp losses after the Philadelphia Federal Reserve reported an unexpected contraction in manufacturing this month, fueling fears that the economic slowdown could be more painful than previously projected. This weak read on regional manufacturing gave investors an incentive to take profits following the recent rally.

Today, the Dow Jones industrial average closed down 79.96 or 0.69% to 11,533.23, the Standard & Poor’s 500 index closed down 0.54% and the Nasdaq composite index closed down 15.14 or 0.67% to 2,237.75.

Market breadth was negative. On the New York Stock Exchange, losers beat winners 19 to 13 on volume of 1.67 billion shares. On the Nasdaq, decliners topped advancers 9 to 5 on volume of 2.03 billion shares.

Investors did not like the first negative reading from the Philadelphia Fed Reserve. The bank’s headline index showed a negative 0.4 reading against the expected positive 14.3. This is the first reading below zero since April 2003, indicating a decline in regional manufacturing. While the report was a concern, investor response appears to be excessive. Its volatility does not show that this is a good indicator. What is more important is the ISM number that comes out at the turn of the month - which is a better indicator.

Additionally, jobless claims rose more than expected last week but remained at a level consistent with recent trends. While the claims rose, they have remained at a level that suggests stable labor market conditions. While weekly numbers rose, the four week moving average remained unchanged at 315,000.

Stock of Hewlett Packard closed down $1.91 or 5.2% to $34.87, after media reports said CEO Mark Hurd had more involvement in the company’s boardroom media leak probe than had previously been stated. The probe includes a review of the practice of “pretexting” to obtain the phone records of directors and journalists.

General Mills Corp. announced fiscal first-quarter income that rose past Wall Street’s view. The company profit advanced to $267 million, from $252 million a year ago. Sales for the quarter increased to $2.86 billion from $2.68 billion, against the expected $2.76 billion. Worldwide unit volume grew 4%. The company has also affirmed its fiscal 2007 outlook for an EPS of $3.03 to $3.08.

Shares of Wal-Mart Stores Inc. closed down $0.41 to $48.46, after stating that it is cutting costs of 300 prescription drugs in Tampa area, with the intention of expanding the program nationally next year. The drugs would be available at $4 per prescription to insured and uninsured consumers. While Wal-Mart shares were pressured as investors worried that the plan could hurt already strained pharmacy margins, other retail drug stores are going to face stiff competition.

Stock of FedEx Corp. closed down $1.53 or 1.9% to $106.00, after reporting a bullish first-quarter earnings but also issuing a forecast for 2007 earnings that set the midpoint below the average forecast of analysts. Its first-quarter net income rose 40% to $475 million, despite poor showing from its Kinko’s segment. Its outlook is in contrast to a gloomier economic growth forecast from rival UPS Inc.

Shares of Tribune Co. surged up $1.36, or 4.4%, at $32.05, on a report that the newspaper company may consider going private. Its board may consider a leveraged buyout as well as several other options to deal with shareholder and employee dissent. Tribune has been feuding with its largest shareholder, the Chandler family trust, in a brawl over planned reductions at the Los Angeles Times.

U.S. light crude oil for November delivery jumped 85 cents to settle at $61.59 a barrel on the New York Mercantile Exchange. October natural-gas futures contract dropped 15 cents, or 3%, at $4.781 per million BTU. New data showed that the nation’s supplies of gas in storage rose in the latest week.

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
Centex (CTX) (Lightning Round)
Corning (GLW) (mentioned on Mad Money)
Dentsply International (XRAY) (Lightning Round)
Electronic Arts (ERTS) ($75 target) (Lightning Round)
GameStop (GME) (buy below $50) (mentioned on Mad Money)
Goldman Sachs (GS) (Lightning Round)
Goldman Sachs (GS) (mentioned on Mad Money)
Google (GOOG) (mentioned on Mad Money)
Jefferies (JEF) (Lightning Round)
Lehman Brothers (LEH) (Lightning Round)
Merrill Lynch (MER) (Lightning Round)
Microsoft (MSFT) (mentioned on Mad Money)
Sirius Satellite Radio (SIRI) (if merged with XM) (mentioned on Mad Money)
Sony (SNE)(SNE) (mentioned on Mad Money)
Sunrise Senior Living (SRZ) (Lightning Round)
THQ (THQI) (mentioned on Mad Money)
Trinity Industries (TRN) (Lightning Round)
Wells Fargo (WFC) (Lightning Round)
Wells Fargo (WFC) (mentioned on Stop Trading!)
XM Radio (XMSR) (if merged with SIRI) (mentioned on Mad Money)

Bearish
FreightCar America (RAIL) (Lightning Round)
Triad Hospitals (TRI) (Lightning Round)

Stocks ended higher as a sharp drop in oil prices and a batch of strong earnings reports led by Oracle Corp. and Morgan Stanley helped the market overcome some mild disappointment over the Federal Reserve’s decision to leave the door open to further interest-rate increases. Some investors also expressed concern that there may be some debate over the inflation outlook among Fed members after one central bank official dissented with the majority decision to keep short-term rates unchanged.

Today, the Dow Jones industrial average closed up 72.28 or 0.63% to 11,613.19, the broader Standard & Poor’s 500 index closed up 6.87 or 0.52% to 1325.18, and the Nasdaq composite closed up 30.52 or 1.37% to 2,252.89. The S&P is just shy of its highest level.

Market breadth was positive. On the New York Stock Exchange, winners topped losers almost 2 to 1 on volume of 1.61 billion shares. On the Nasdaq, advancers beat decliners by roughly 9 to 5 as around 2.22 billion shares changed hands.

The central bank opted to hold the key short-term interest rate unchanged at 5.25% for the second straight meeting, as expected. In its statement, it reiterated that the economy is slowing and that this will help take the edge off upward pressure on inflation. It also acknowledged that energy prices have come down recently. It also acknowledged that the economy was slowing, and that is a sign that the central bank may not need to raise rates further anytime soon. However, it has left the door open for further increases if inflation does not come down.

In is clear that the statement cements the case for stocks to keep doing well, unless profits get hit. While corporate profits are at risk as the economy slows further, but the market looks reasonably priced relative to earnings. It is expected that stocks will be able to build on gains through the end of the year, notwithstanding periods of volatility and small declines.

The star of the day, Oracle jumped up $1.80 or 11% to $17.93, after reporting quarterly earnings that rose from a year earlier and topped forecasts. The company also issued a current-quarter forecast that impressed investors. Net income for the first quarter rose 29% to $670 million, and revenue rose nearly 30% to $3.59 billion. The EPS is 18 cents against the expected 16 cents. The software giant has benefited from CEO Larry Ellison’s $20 billion acquisition spree in a seasonally challenging period.

On reporting third-quarter profit that jumped from year-ago levels, shares of Morgan Stanley closed up $0.50 to $72.35. The company has overcome a difficult summer trading environment, and has largely mirrored the performance of rivals such as Lehman Bros, Goldman Sachs and Bear Stearns.

Shares in Circuit City Stores Inc. closed down 3 cents at $26.26, despite reporting second-quarter profit that soared as flat-panel TVs and notebook computers flew off shelves. This also prompted the company to lift its full-year sales forecast.

Shares of Boeing Co. shares closed up 1.8% at $76.19 on a report that a consortium it leads has emerged as the winner of a federal contract to provide infrastructure and monitoring systems aimed at bolstering U.S. border security. This contract is valued at about $2.5 billion over four years.

U.S. light crude oil for October delivery sank $1.20 to settle at $60.46 a barrel on the New York Mercantile Exchange. The weekly oil inventories report, showed a rise in distillate supplies. Distillate supplies gain in importance as winter approaches because they include heating oil stocks.

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
Broadcom (BRCM) (mentioned on Mad Money)
Cisco (CSCO) (mentioned on Mad Money)
Cisco (CSCO) (mentioned on Stop Trading!)
DuPont (DD) (mentioned on Mad Money)
Dynamic Materials (BOOM) (mentioned on Mad Money)
Equity Office Properties (EOP) (mentioned on Mad Money)
Exelon (EXC) (mentioned on Mad Money)
FedEx (FDX) (RealMoney Radio)
Ford (F) (RealMoney Radio)
General Motors (GM) (RealMoney Radio)
Google (GOOG) (RealMoney Radio)
Halliburton (HAL) ($60 target) (Lightning Round)
Halliburton (HAL) (RealMoney Radio)
Home Depot (HD) (RealMoney Radio)
International Game Technology (IGT) (Lightning Round)
J C Penney (JCP) ($70 target) (mentioned on Mad Money)
Lowe’s (LOW) (Lightning Round)
Lowe’s (LOW) (mentioned on Mad Money)
Lowe’s (LOW) (RealMoney Radio)
New Century Financial (NEW) (Lightning Round)
Oracle (ORCL) ($21 target) (mentioned on Mad Money)
Oracle (ORCL) (Lightning Round)
Oracle (ORCL) (RealMoney Radio)
Pfizer (PFE) (mentioned on Mad Money)
Sears (SHLD) (mentioned on Mad Money)
Sirius Satellite Radio (SIRI) (Lightning Round)
Starbucks (SBUX) (mentioned on Mad Money)
Starbucks (SBUX) (RealMoney Radio)
United Technologies (UTX) (mentioned on Mad Money)
ValueClick (VCLK) (RealMoney Radio)
Wal-Mart (WMT) (mentioned on Mad Money)
Wells Fargo (WFC) (mentioned on Mad Money)
Yahoo! (YHOO) (Lightning Round)
Yahoo! (YHOO) (RealMoney Radio)

Bearish
Brookfield Asset Management (BAM) (mentioned on Mad Money)
Dow Jones (DJ) (RealMoney Radio)
FortuNet (FNET) (Lightning Round)
Hansen Natural (HANS) (mentioned on Mad Money)
Home Depot (HD) (Lightning Round)
Knightsbridge Tankers (VLCCF) (Lightning Round)
Leucadia (LUK) (mentioned on Mad Money)
Smith & Wesson (SWHC) (buy at $10) (Lightning Round)
Symbol Technologies (SBL) (Lightning Round)
Trinity Industries (TRN) (Lightning Round)
Whole Foods (WFMI) (mentioned on Mad Money)

Trading video reveals ‘hidden’ market moves.

Stocks ended lower as a sales warning from Yahoo Inc. saw the Nasdaq Composite snap a seven-session winning streak. Fortunately, a sharp drop in oil prices helped the market recover from its lows. Additionally, a smaller than expected rise in producer prices for August eased inflation worries. However, another weak housing report raised new questions about the extent of the slowdown in the nation’s economy.

Today, the Dow Jones industrial average closed down 14.09 or 0.12% to 11,540.91, the broader Standard & Poor’s 500 index closed down 2.87 or 0.22% to 1.318.31, and the Nasdaq composite index closed down 13.38 or 0.6% to 2,222.37.

Market breadth was negative. On the New York Stock Exchanges, losers beat winners by 9 to 7 on volume of 1.5 billion shares. On the Nasdaq, decliners topped advancers by 18 to 11 on volume of 2.1 billion shares.

While the drop in oil prices is helping investors, nobody is willing to take a stand ahead of the Fed Meeting. Most analysts are expecting the Fed to pause in the tightening cycle for a second time in a row, following data reports showing that inflation is less of a threat and that economic growth is tamer. The latest producer price report also leaves many investors undecided on whether it points to an economy that is slowing down at a gradual pace or an economy where growth is coming to a grinding halt. The latest housing data only served to fuel this debate.

In data news, the producer prices rose 0.1% last month, against the expected 0.3% increase. The core rate dropped 0.4%, against the expected 0.2% gain. This benign inflation report was unexpected, and fits into the expectation that Fed will hold interest rates steady at 5.25% for the second straight meeting on Wednesday.

Housing industry has continued to ebb. Construction of new homes fell 6% to a seasonally adjusted annual rate of 1.665 million, against the expected decrease of 2.5%. Building permits fell 2.3% to a seasonally adjusted rate of 1.722 million. Permits are considered a leading indicator for the housing sector and the economy.

Shares of Yahoo Inc. fell more than 11% after the CFO warned that a slowdown in auto and financial advertising spending will crimp third-quarter sales. Stock of Yahoo closed down $3.20 or 10.9% to $25.82. The slow down is attributed to the softness in online advertising. The company expects revenue to be from $1.115 billion to $1.225 billion, against the expected $1.18 billion. As a reaction, shares of Google closed down $10.88 or 4% to $403.81.

Shares of Motorola closed down $0.02 to $24.93, after it stated that it would buy Symbol Technology for about $3.9 billion. Stock of Symbol closed up $0.08 to $14.75. Motorola shall pay $15 a share, for Symbol, which is a market leader in mobile-data computing and radio-frequency identification, or RFID, technology. Symbol is also known for its role in spearheading the development of barcode-scanning technology, which is especially popular in retail stores.

Shares of Target closed up $0.76 or 1.5% to $54.34, after raising its September sales forecast. The company is looking at same store sales to be 5% higher. However, the company did not offer any other information, such as whether apparel or grocery sales moved the mark or if higher transactions helped stalled traffic.

U.S. light crude oil for October delivery sank $2.14 to $61.66 a barrel on the New York Mercantile Exchange.

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
Abercrombie & Fitch (ANF) (Lightning Round)
Atheros Communications (ATHR) (mentioned on Mad Money)
Best Buy (BBY) (Lightning Round)
Broadcom (BRCM) (mentioned on Mad Money)
Caterpillar (CAT) ($71 target) (RealMoney Radio)
Chesapeake Energy (CHK) (mentioned on Stop Trading!)
Cisco (CSCO) (Lightning Round)
Darden Restaurants (DRI) (RealMoney Radio)
Dynamic Materials (BOOM) (Lightning Round)
Ford (F) (Lightning Round)
Hittite Microwave (HITT) (Lightning Round)
IAC InterActive (IACI) (mentioned on Mad Money)
International Paper (IP) (mentioned on Mad Money)
KB Home (KBH) (mentioned on Stop Trading!)
Lennar (LEN) (mentioned on Mad Money)
LifeCell (LIFC) (Lightning Round)
Motorola (MOT) (Lightning Round)
Novelis (NVL) (mentioned on Mad Money)
Rackable Systems (RACK) ($30 target) (Lightning Round)
Scana (SCG) (Lightning Round)
Tellabs (TLAB) (Lightning Round)
Toll Brothers (TOL) (mentioned on Mad Money)
Toll Brothers (TOL) (mentioned on Stop Trading!)
Under Armour (UARM) (buy on pullback) (RealMoney Radio)
US Bancorp (USB) (RealMoney Radio)
Verigy (VRGY) (mentioned on Mad Money)

Bearish
Chartered Semiconductor (CHRT) (Lightning Round)
First Data (FDC) (Lightning Round)
McDermott International (MDR) (buy at $40) (Lightning Round)
Nokia (NOK) (Lightning Round)
NVE (NVEC) (Lightning Round)
RadioShack (RSH) (Lightning Round)
Smith Micro Software (SMSI) (Lightning Round)
Southwest Energy (SWX) (mentioned on Stop Trading!)

Trading video reveals ‘hidden’ market moves.

Stocks ended mixed with the Nasdaq Composite logging a seventh session of gains. However, a rise in oil prices and cautious trading ahead of a mid-week Federal Reserve meeting on interest rates limited any significant move to the upside.

Today, the Dow Jones industrial average closed down 5.77 or 0.05% to 11,550.44, the broader Standard & Poor’s 500 index closed up 1.31 or 0.10% to 1,320.65, and the Nasdaq composite index closed up 0.16 or 0.
01% to 2,234.15.

Market breadth turned negative. On the New York Stock Exchange, losers beat winners 16 to 15 on volume of 1.5 billion shares. On the Nasdaq, decliners edged out advancers as 1.94 billion shares changed hands.

Investors are being cautious ahead of the Fed meeting on Wednesday. Additionally, with oil inching back up some investors also thought the decline in crude is over. The Federal Reserve is widely expected to keep short-term rates steady. But market observers are starting to wonder when the central bank might want to consider lowering rates as the economy starts to show signs of softness. Today, the market was also made nervous by a report that Greenwich, Conn. based hedge fund Amaranth Advisors LLC may report a year-to-date decline of up to 35% due to heavy losses in the natural gas market. Some analysts feel that the market may see a short-term pullback.

In data news, investors did not react to the Commerce Department report that showed the U.S. current-account deficit widened to $218.4 billion in the second quarter from a revised $213.2 billion in the first quarter. This totals 6.6% of GDP and is the same as in the first quarter. This is against expectations of about $213 billion.
Shares of Intel moved up $0.14 or 0.7% to $19.65, after its researchers at the University of California said they’ve made a breakthrough in creating lasers on computer chips. This development could cut costs and improve the speed of communication networks and computers.

Stock of Applied Materials Inc. closed up $0.58 or 3.4% to $17.78, after the company stated that it had recently bought back $2.5 billion in stock under an accelerated buyback plan. The board has also approved a new buyback plan for up to $5 billion in stock over the next three years.

Shares of Symbol Technologies Inc. shot up $1.96 or 15.4% to $14.67 on a Wall Street Journal report that the wireless equipment firm is set to wrap up an auction that could see the sale of the $3.2 billion firm within days. The likely buyer is Motorola that closed up $0.10 or 0.4% to $24.95.

GM and Ford briefly discussed an alliance before dropping the idea. This lead GM to close down $0.18 to $31.48 and Ford to lose $0.20 or 3% to $7.82. Both companies are trying to turnaround their businesses amid massive losses in North America. Additionally, Thomas Weisel has lowered its rating on Ford to under-perform.
U.S. light crude oil for October delivery rose 47 cents to $63.80 a barrel on the New York Mercantile Exchange. Ongoing risks to global production prompted the market to recover part of last week’s loss. However, gains were capped by expectations for lower oil demand and strong production.

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
AG Edwards (AGE) (mentioned on Mad Money)
AIG (AIG) (Lightning Round)
Akamai (AKAM) (Lightning Round)
Allstate (ALL) (Lightning Round)
American Standard (ASD) (RealMoney Radio)
Amgen (AMGN) (RealMoney Radio)
BEA Systems (BEAS) (Lightning Round)
Best Buy (BBY) (mentioned on Stop Trading!)
Best Buy (BBY) (RealMoney Radio)
Black & Decker (BDK) (RealMoney Radio)
Bristol-Myers Squibb (BMY) (RealMoney Radio)
Broadcom (BRCM) (Lightning Round)
Centex (CTX) (mentioned on Mad Money)
Columbia Sportswear (COLM) (mentioned on Mad Money)
Continental (CAL) (Lightning Round)
DaimlerChrysler (DCX) (mentioned on Stop Trading!)
Deckers (DECK) (mentioned on Mad Money)
FedEx (FDX) (mentioned on Mad Money)
Ford (F) (mentioned on Stop Trading!)
Fortune Brands (FO) (mentioned on Mad Money)
Garmin (GRMN) (mentioned on Mad Money)
Genentech (DNA) (RealMoney Radio)
Genzyme (GENZ) (RealMoney Radio)
Gilead (GILD) (RealMoney Radio)
GM (GM) (mentioned on Stop Trading!)
Heely’s (upcoming IPO) (mentioned on Mad Money)
Hewlett-Packard (HPQ) (Lightning Round)
Home Depot (HD) (mentioned on Mad Money)
Home Depot (HD) (mentioned on Stop Trading!)
Home Depot (HD) (RealMoney Radio)
KB Home (KBH) (mentioned on Mad Money)
Lennar (LEN) (mentioned on Mad Money)
Lowe’s (LOW) (mentioned on Mad Money)
Lowe’s (LOW) (mentioned on Stop Trading!)
Lowe’s (LOW) (RealMoney Radio)
Marvell Technology (MRVL) (Lightning Round)
MetLife (MET) (Lightning Round)
Morgan Stanley (MWD) (mentioned on Mad Money)
National Semiconductor (NSM) (RealMoney Radio)
Nautilus (NLS) (OK stock, bad sector) (mentioned on Mad Money)
Oakley (OO) (mentioned on Mad Money)
Oracle (ORCL) (buy a day ahead of earnings) (mentioned on Mad Money)
PepsiCo (PEP) ($70 target) (RealMoney Radio)
Rite Aid (RAD) (Lightning Round)
Schering-Plough (SGP) (RealMoney Radio)
Sears (SHLD) (mentioned on Stop Trading!)
Sears (SHLD) (RealMoney Radio)
Sherwin-Williams (SHW) (RealMoney Radio)
Steven Madden (SHOO) (Lightning Round)
Target (TGT) (mentioned on Stop Trading!)
Toll Brothers (TOL) (mentioned on Mad Money)
Toyota (TM) (mentioned on Stop Trading!)
UnderArmour (UARM) (mentioned on Mad Money)
VF Corp (VFC) (mentioned on Mad Money)

Bearish
Alcoa (AA) (mentioned on Mad Money)
Alcoa (AA) (RealMoney Radio)
BHP Billiton (BHP) (Lightning Round)
Blockbuster (BBI) (Lightning Round)
Callaway Golf (ELY) (mentioned on Mad Money)
Coca-Cola (KO) (RealMoney Radio)
Daktronics (DAKT) (Lightning Round)
Fluor (FLR) (RealMoney Radio)
Focus Media (FMCN) (Lightning Round)
Hercules Offshore (HERO) (Lightning Round)
Itron (ITRI) (Lightning Round)
Jacobs Engineering (JEC) (RealMoney Radio)
Nike (NKE) (mentioned on Mad Money)
Nucor (NUE) (mentioned on Mad Money)
Tyco (TYC) (Lightning Round)
Valero Energy (VLO) (RealMoney Radio)
VeriSign (VRSN) (Lightning Round)

Anyone with a computer and a few hundred dollars can do this and you’re only in the market less than 8 hours per month.