Archive for October, 2006

Cramer’s Mad Money Daily Recap 10/16/06

Tuesday, October 17th, 2006

CramersMadMoney.comPlease 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
Advanced Micro Devices (AMD) (RealMoney Radio)
Aircastle (AYR) (Lightning Round)
Alliant Techsystems (ATK) (mentioned on Mad Money)
BHP Billiton (BHP) (Lightning Round)
Boeing (BA) (mentioned on Mad Money)
Chattem’s (CHTT) ($50 target) (CEO interview on Mad Money)
Crocs (CROX) (Lightning Round)
DuPont (DD) (mentioned on Mad Money)
Eaton (ETN) (mentioned on Stop Trading!)
Eaton (ETN) (RealMoney Radio)
Emerson Electric (EMR) (mentioned on Mad Money)
Exxon’s (XOM) (mentioned on Stop Trading!)
Fluor (FLR) (RealMoney Radio)
General Motors (GM) ($40 target) (Lightning Round)
Google (GOOG) (RealMoney Radio)
Graco (GGG) (mentioned on Mad Money)
Graco (GGG) (mentioned on Stop Trading!)
Granger (GWW) (mentioned on Stop Trading!)
Honeywell (HON) (mentioned on Mad Money)
Intel (INTC) (Lightning Round)
Intel (INTC) (mentioned on Mad Money)
Intel (INTC) (RealMoney Radio)
International Paper (IP) (mentioned on Mad Money)
J.C. Penney (JCP) (Lightning Round)
JLG Industries (JLG) (RealMoney Radio)
Johnson & Johnson (JNJ) (RealMoney Radio)
JP Morgan (JPM) (Lightning Round)
Kohl’s (KSS) (Lightning Round)
Lowe’s (LOW) (Lightning Round)
Lowe’s (LOW) (mentioned on Mad Money)
News Corp (NWS) (Lightning Round)
Nokia (NOK) (mentioned on Mad Money)
Parker Hannifin (PH) (mentioned on Stop Trading!)
Parker-Hannifin (PH) (mentioned on Mad Money)
RealNetworks (RNWK) (Lightning Round)
Schering-Plough (SGP) (RealMoney Radio)
Sears (SHLD) (RealMoney Radio)
Six Flags (SIX) (target $6 gain) (mentioned on Mad Money)
VF Corp (VFC) (RealMoney Radio)
W.W. Grainger (GWW) (RealMoney Radio)
Washington Mutual (WM) (RealMoney Radio)
WW Grainger (GWW) (mentioned on Mad Money)
Yahoo! (YHOO) (buy after earnings report) (mentioned on Mad Money)

Bearish
Cloroxes (CLX) (RealMoney Radio)
Flextronics International (FLEX) (Lightning Round)
General Mills (GIS) (RealMoney Radio)
Liz Claiborne (LIZ) (RealMoney Radio)
Nvidia (NVDA) (buy at $30) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
Seagate Technology (STX) (Lightning Round)
Sprint Nextel (S) (Lightning Round)
UnitedHealth Group (UNH) (Lightning Round)
Wachovia (WB) (RealMoney Radio)
Wells Fargo (WFC) (RealMoney Radio)
Western Union (WU) (Lightning Round)
Wet Seal (WTSLA) (Lightning Round)
Wrigleys (WWY) (RealMoney Radio)

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PortfolioCrafter – Market Commentary 10/16/06

Monday, October 16th, 2006

PortfolioCrafterStocks ended higher with the Dow Jones Industrial Average logging another record close as strong gains for Alcoa Inc, Exxon Mobil Corp. and Merck among others offset broker downgrades for General Electric Co. and Home Depot Inc. The Dow Jones industrial average came within three points of the 12,000 mark, and closed at a record high for the seventh time in the last 10 sessions. However, gains were modest as rising oil prices and trepidation ahead of a week packed with earnings and economic reports kept some investors on the sidelines.

Today, the Dow Jones Industrial Average closed up 20.09 or 0.17% to 11,980.60, and reached a record intraday high of 11,997.25. The broader S&P 500 index closed up 3.43 or 0.25% to 1,369.05, while the tech-laden Nasdaq composite closed up 6.55 or 0.28% to 2,363.84.

Market breadth was positive. On the New York Stock Exchange, winners beat losers nearly two to one on volume of 1.44 billion shares. On the Nasdaq, advancers topped decliners 19 to 10 on volume of 1.84 billion shares.

It is evident that the Dow is set to break through the 12,000 mark, barring any major bad news. The fact that a lot of people missed out on the recent rally, is leading to a sort of emotional stampede which has nothing to do with fundamentals. The point of discussion whether the economy is cooling off to quickly will continue as people are trying to figure out if growth is still happening. The market has everything going for it right now except the psychology. There could be lots of buying and selling if the Dow makes a strong push past 12,000, as hedge funds and money managers join mom and pop investors and try to profit from movement in either direction.

On the data front, the Empire State manufacturing survey showed that regional factory activity accelerated this month. The index rose to 22.9 in October from 13.8 in September. This is against the expected decline to about 12.6. It’s the highest level since June. The report “points to decent underlying momentum in the New York factory sector.

Shares of General Electric fell 1.2% to $35.56 after Merrill Lynch downgraded the group to neutral from buy. While Merrill still sees double-digit profit growing in the next couple of years but calls the shares “essentially defensive.”

Stock of Home Depot Inc. fell 1.5% to $36.35 after Goldman Sachs lowered its rating on the home-improvement retailer to neutral from buy, citing recent management departures. The broker prefers rival Lowe’s Cos. which it upgraded to buy. Lowe’s shares closed up 1.3% at $31.35.

Shares of Alcoa Inc. rose 2.6% to $27.32 after Prudential Equity Group upgraded the aluminum maker and its Canadian counterpart, Alcan Inc., to overweight from neutral. The broker raised its 2006 through 2009 aluminum-price targets, citing better-than-expected 5.5% demand growth for 2006 despite the soft auto climate, lower inventories, lower-than-expected interest rates and energy markets that may benefit 2007-08 global growth. Additionally, higher-than-previously-expected copper prices have also indirectly helped aluminum prices. Alcan shares closed up 3.9% at $42.79.

Stock of Merck & Co. rose 1.3% to $43.76, on news that it is expected to receive U.S. regulatory clearance as early as Monday for its breakthrough diabetes drug Januvia.

Shares of Mattel Inc. rose 2.9% to $21.30. The company reported third-quarter net rose 6%, bolstered by sales of Barbie. It reported a net income of $239 million, up from $225.3 million last year. Sales rose up 7% to $1.79 billion, against the expected $1.63 billion. Operating income for the latest quarter amounted to $322.2 million, up from $308.8 million a year earlier.

U.S. crude for light delivery gained $1.37 to settle at $59.94 a barrel on the New York Mercantile Exchange. OPEC announced that it would meet on Thursday to discuss ways to halt the slide in oil prices against the cartel’s lowered forecast for 2006 world-oil demand.

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

Cramer’s Mad Money Daily Recap 10/13/06

Saturday, October 14th, 2006

CramersMadMoney.comPlease 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
Acme Packet (APKT) (mentioned on Stop Trading!)
Acme Packet (APKT) (RealMoney Radio)
American Standard (ASD) (mentioned on Mad Money)
AMR (AMR) (mentioned on Mad Money)
Arena Pharmaceuticals (ARNA) (CEO interview on Mad Money)
Beckman Coulter (BEC) (mentioned on Mad Money)
Broadcom (BRCM) (mentioned on Mad Money)
Cisco (CSCO) (RealMoney Radio)
Continental (CAL) (mentioned on Mad Money)
Costco (COST) (RealMoney Radio)
Darden (DRI) (RealMoney Radio)
eHealth (EHTH) (mentioned on Stop Trading!)
Foster Wheeler (FWLT) (mentioned on Mad Money)
Garmin (GRMN) (Lightning Round)
GE’s (GE) (RealMoney Radio)
Immucor (BLUD) (Lightning Round)
Intel (INTC) (mentioned on Mad Money)
International Securities Exchange (ISE) (Lightning Round)
Jefferies (JEF) (mentioned on Mad Money)
Johnson Controls (JCI) (Lightning Round)
Knight Capital (NITE) (mentioned on Mad Money)
L-3 Communications (LLL) (mentioned on Mad Money)
Lowe’s (LOW) (Lightning Round)
Lowe’s (LOW) (RealMoney Radio)
Merrill Lynch (MER) (mentioned on Mad Money)
Nice Systems (NICE) (featured on Mad Money)
NYSE Group (NYX) (mentioned on Mad Money)
Phelps Dodge (PD) (RealMoney Radio)
Rite Aid (RAD) (Lightning Round)
Riverbed Tech (RVBD) (mentioned on Mad Money)
SAIC (SAI) (mentioned on Mad Money)
SAIC (SAI) (mentioned on Stop Trading!)
Sears (SHLD) (RealMoney Radio)
Sears Holdings (SHLD) (Lightning Round)
Southern Copper (PCU) (RealMoney Radio)
Starbucks (SBUX) (RealMoney Radio)
The Children’s Place (PLCE) (Lightning Round)
Toyota (TM) (Lightning Round)
Walgreen (WAG) (Lightning Round)
Wendy’s (WEN) (RealMoney Radio)
Whirlpool (WHIR) (mentioned on Mad Money)
Whirlpool (WHR) ($100 target) (mentioned on Stop Trading!)
Whirlpool (WHR) ($100 target) (RealMoney Radio)
Yum! Brands (YUM) (RealMoney Radio)

Bearish
Avanir Pharma (AVNR) (Lightning Round)
Checkpoint Systems (CKP) (Lightning Round)
Clorox (CLX) (RealMoney Radio)
Daktronics (DAKT) (Lightning Round)
General Mills (GIS) (RealMoney Radio)
Home Depot (HD) (Lightning Round)
Home Depot (HD) (RealMoney Radio)
Intermec (IN) (Lightning Round)
Kellogg (K) (RealMoney Radio)
Rambus (RMBS) (Lightning Round)

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PortfolioCrafter – Market Commentary 10/13/06

Friday, October 13th, 2006

PortfolioCrafterStocks closed higher with the Dow Jones Industrial Average finishing at a fresh record high, capping off a solid week that saw the Nasdaq Composite post a 2.5% gain. Initially, the index was weighed down by uninspiring earnings from General Electric Co. and a broker downgrade for Home Depot. However, investors shrugged off these reports and a weak retail sales report to keep the market’s recent rally going.

Today, the Dow Jones Industrial average closed up 12.81 or 0.11% to 11,960.51, setting a new closing high for the sixth time in the last nine sessions. The broader S&P 500 index closed up 2.79 or 0.2% to 1,365.62, while the tech-fueled Nasdaq composite closed up 11.11 or 0.47% to 2,357.29. For the week, the Dow gained 0.9%, the S&P 500 advanced 1.2%, while the Nasdaq rose 2.5%.

Market breadth was positive. On the New York Stock Exchange, winners beat losers nearly 19 to 13 on volume of 1.507 billion shares. On the Nasdaq, advancers topped decliners 18 to 11 on volume of 1.978 billion shares.

The good week for the market is a result of cheering news from the Beige Book and the minutes of the last FOMA meeting. While there are indications of a solid economic growth going through into 2008, there are some concerns about inflation. Michael Moskow, the president of the Chicago Federal Reserve Bank stated that the risk of inflation remaining too high is greater than the risk of growth being too low. Therefore, some additional rate hikes may be necessary to bring inflation back into a range of stable prices.

In data news, retail sales fell 0.4% in September on a record 9.3% drop in gasoline sales, but were up 0.6% excluding gasoline. Analyst had predicted a 0.2% increase. This is in contrast to robust same-store sales readings issued earlier this month by some of leading retail chains. The University of Michigan’s preliminary reading on consumer sentiment in October was 92.3, up from September’s final reading of 85.4. This is against the expected rise to 86.5. While retail sales have set us up for good solid fourth quarter, the consumer sentiment came in as you would expect with energy prices falling. U.S. business inventories increased 0.6% in August, slightly slower than the 0.8% increase in sales. Therefore, its all a balance between the negative news and the positive news out there.

Shares of General Electric Co. closed down 0.7% at $35.98, despite reporting earnings of 49 cents a share in the third quarter. The company narrowed its full-year earnings guidance to a range that includes the current consensus forecast. The company earned $5.1 billion, up from $4.6 billion in the year-earlier period. Its revenue rose 12% to $40.9 billion. However, broker Citigroup expressed some disappointment over operating margins, and this led to the decline.

Stock of Microsoft Corp. closed up $0.14 to $28.36, after it stated it will not delay shipping its new Windows operating system, Vista, to Europe, after fears that it might do so because of disputes with regulators there. The software giant confirmed it plans to release Vista on schedule in both Europe and Korea following “constructive dialogue” with the trade commissions of both regions.

Shares of Home Depot Inc. fell 2.6% to $36.90 after broker Raymond James downgraded the company to outperform from strong buy. The company has made some leadership changes and organizational shifts that were met with skepticism from some investors.

U.S. light crude for November delivery climbed 71 cents to settle at $58.57 a barrel on the New York Mercantile Exchange. Traders continued to weigh a sizeable decline in distillate supplies in the latest week as unseasonably cold weather, including record snowfalls, hit the northern U.S. Additionally, safety authorities in Norway have ordered a production shutdown at two offshore platforms.

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

Cramer’s Mad Money Daily Recap 10/12/06

Thursday, October 12th, 2006

CramersMadMoney.comPlease 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
Adobe Systems (ADBE) (mentioned on Mad Money)
Advanced Micro Devices (AMD) (mentioned on Mad Money)
Apple Computer (AAPL) (mentioned on Mad Money)
Apple Computer (AAPL) (RealMoney Radio)
Applied Materials (AMAT) (Lightning Round)
Au Optronics (AUO) (RealMoney Radio)
Automatic Data Processing (ADP) (RealMoney Radio)
Best Buy (BBY) (RealMoney Radio)
Capital One Financial (COF) (Lightning Round)
Caterpillar (CAT) (RealMoney Radio)
Centex (CTX) (RealMoney Radio)
Cisco (CSCO) (mentioned on Mad Money)
Corning (GLW) (RealMoney Radio)
Costco Wholesale (COST) (mentioned on Mad Money)
CSX (CSX) (RealMoney Radio)
Cummins (CMI) (RealMoney Radio)
Darden (DRI) (mentioned on Stop Trading!)
Deere (DE) (RealMoney Radio)
Equinix (EQIX) (Lightning Round)
Garmin (GRMN) (mentioned on Mad Money)
Genentech (DNA) (mentioned on Mad Money)
Genentech (DNA) (RealMoney Radio)
General Dynamics (GD) (RealMoney Radio)
Google (GOOG) ($500 target) (mentioned on Mad Money)
Harrah’s Entertainment (HET) (Lightning Round)
Hilton (HLT) (Lightning Round)
Hudson City Bancorp (HCBK) (mentioned on Mad Money)
Infosys Technologies (INFY) (Lightning Round)
Ingersoll Rand (IR) (RealMoney Radio)
Johnson & Johnson (JNJ) (RealMoney Radio)
Lennar (LEN) (RealMoney Radio)
Level 3 Communications (LVLT) (mentioned on Mad Money)
Lowe’s (LOW) (mentioned on Mad Money)
Lowe’s (LOW) (RealMoney Radio)
Marriott (MAR) (Lightning Round)
McDonald’s (MCD) (mentioned on Stop Trading!)
McDonald’s (MCD) (RealMoney Radio)
Merck (MRK) (RealMoney Radio)
MetLife (MET) (RealMoney Radio)
Microsoft (MSFT) (mentioned on Mad Money)
Monsanto (MON) (mentioned on Mad Money)
Motorola (MOT) (mentioned on Mad Money)
Oracle (ORCL) (mentioned on Mad Money)
Pfizer (PFE) (RealMoney Radio)
Phelps Dodge (PD) ($100 target) (mentioned on Stop Trading!)
Phelps Dodge (PD) (Lightning Round)
Qualcomm (QCOM) ($7 gain target) (mentioned on Mad Money)
RadVision (RVSN) (Lightning Round)
Schering-Plough (SGP) (Lightning Round)
Sears (SHLD) (RealMoney Radio)
Sears Holdings (SHLD) (mentioned on Mad Money)
Shaw Group (SGR) ($30 to $31 target) (RealMoney Radio)
Sonic Corp. (SONC) (mentioned on Mad Money)
Target (TGT) (Lightning Round)
United Airlines (UAUA) (RealMoney Radio)
Wendy’s (WEN) (RealMoney Radio)
Yum (YUM) (mentioned on Stop Trading!)
Yum (YUM) (RealMoney Radio)

Bearish
Abercrombie & Fitch (ANF) (mentioned on Mad Money)
Acorda Therapeutics (ACOR) (Lightning Round)
Chesapeake Energy (CHK) (Lightning Round)
Clorox (CLX) (mentioned on Stop Trading!)
Clorox (CLX) (RealMoney Radio)
Coca-Cola (KO) (RealMoney Radio)
Colgate (CL) (mentioned on Stop Trading!)
Colgate (CL) (RealMoney Radio)
Dr. Reddy’s Laboratories (RDY) (Lightning Round)
eBay (EBAY) (Lightning Round)
Gannett Co. (GCI) (mentioned on Mad Money)
Hansen Natural (HANS) (mentioned on Mad Money)
Kellogg (K) (RealMoney Radio)
Legg Mason (LM) (mentioned on Mad Money)
Morgan’s Hotel Group (MHGC) (Lightning Round)
New River Pharmaceuticals (NRPH) (mentioned on Mad Money)
Pepsi (PEP) (mentioned on Stop Trading!)
Pepsi (PEP) (RealMoney Radio)
Perficient (PRFT) (Lightning Round)
Procter & Gamble (PG) (heading down to $60) (mentioned on Stop Trading!)
Procter & Gamble (PG) (RealMoney Radio)
Simpson Manufacturing (SSD) (Lightning Round)
SiRF Technology Holdings (SIRF) (mentioned on Mad Money)
Sysco (SYY) (RealMoney Radio)
The Knot (KNOT) (Lightning Round)
Western Union (WU) (mentioned on Mad Money)

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PortfolioCrafter – Market Commentary 10/12/06

Thursday, October 12th, 2006

PortfolioCrafterStocks rallied on stronger than expected earnings from McDonald’s Corp., Costco Wholesale Corp. and Yum Brands Inc, with a batch of new orders for Boeing Co. helping propel the Dow Jones Industrial Average to a new closing high. A favorable Federal Reserve Beige Book survey, showed few signs of increased price pressure, and this provided further support.

Today, the Dow Jones Industrial average closed up 95.57 or 0.81% to 11,947.70, blowing past the previous record closing high of 11,867.17 set Tuesday and notched its fifth record in little more than a week. It also marked a new record trading high of 11,959.63, coming about 40 points shy of 12,000 – the next major milestone for the market. The broader S&P 500 index closed up 12.88 or 0.95% to 1,362.83, and the tech-fueled Nasdaq composite index closed up 37.91 or 1.64% to 2,
346.18.

Market breadth was positive. On the New York Stock Exchange, losers beat winners by nearly 13 to 3 on volume of 1.559 billion shares. On the Nasdaq, decliners topped advancers by 11 to 3 on volume of 2.02 billion shares.

The Beige Book summary of economic conditions, states that the economy kept growing since early September but certain sectors like real estate were showing weakness. Investors reacted positively to this report that the economy continued to grow despite cooling in the housing market. This positively supports a soft landing for the economy, and that’s good news for the market.

The U.S. trade gap of goods and services set a new record high in August, driven up once again by a record price of crude oil. U.S. imports outstripped exports by $69.9 billion, up from the previous record $68.0 billion level set in July. The trade deficit widening by 2.7% and could force economists to trim their forecasts for third-quarter GDP, which have been coming down steadily to a rate below a 3.0% annual growth rate. A worsening trade deficit would be a further drag on economic growth. The jump in the deficit surprised analysts since they had been expecting the deficit to narrow to $66.4 billion.

Shares of McDonald’s closed up $0.98 or 2.4% to $42.23, after the fast-food chain said third-quarter earnings would be better than analysts expected. It posted a 7.7% increase in September sales and said preliminary third-quarter EPS is expected to be 68 cents. World wide sale for the company was up 9.8% for the month and 8.4% for the quarter.

Stock of PepsiCo Inc. closed down $0.94 or 1.2% to $62.85, despite reporting higher earnings. The company reported 71% rise in third-quarter earnings and raised its full-year outlook. Its third quarter earnings rose to $1.48 billion, from the $864 million last year. Quarterly net revenue rose 9.4% to $8.95 billion from $8.18 billion a year ago. Results were helped by strength in its international business, non-carbonated drinks and salty snacks. However, operating margins were squeezed by increased spending and higher supply-chain costs.

Shares of Harley-Davidson Inc. closed up $1.80 or 3% to $64.95, after reporting better-than-expected results. Its earnings in the latest quarter rose 18% to $312.7 million, from $265 million last year. Revenue rose 14.3% to $1.64 billion, against the $1.58 billion expected by analysts.

Shares of Boeing Co. rose almost 2.5% to close at $83.64, after the company said it’s booked 30 new orders for its 787 Dreamliner plane in the last week, including 10 from an unidentified buyer. Twenty of the new 787 orders came from Singapore Airlines, with deliveries scheduled from 2011 through 2013.

Shares of Yum Brands surged 8.3% to $59.08 after it reported third-quarter earnings that beat forecasts thanks to double-digit profit gains in its international business, led by a 26% jump in China. The company reported a net income of $230 million, compared with the $205 million a year ago. Revenue was $2.28 billion vs. last year’s $2.24 billion. The company expects to report full-year earnings of $2.89 a share, against the $2.84 estimated by analyst.

Shares of Costco closed up 7.7% to $53.90, after it reported a 1% increase in fourth-quarter profit, beating its lowered forecast. The company also said it reviewed its stock-option program and doesn’t expect to restate results. They expect that holiday shopping will be “promising” this year and forecast fiscal 2007 earnings to rise in a range of 9% to 15%.

Light, sweet crude for November delivery rose 27 cents to $57.86 a barrel on the New York Mercantile Exchange. The Energy Department said domestic distillate supplies, which include winter heating oil, fell for the first time in nine weeks. Crude inventories, however, rose for a second straight week while gasoline stocks were up for an eighth week in a row.

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

Cramer’s Mad Money Daily Recap 10/11/06

Thursday, October 12th, 2006

CramersMadMoney.comPlease 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
Akamai (AKAM) (RealMoney Radio)
Alaska Communications (ALSK) (mentioned on Mad Money)
Altria (MO) (mentioned on Mad Money)
Arena Pharmaceuticals (ARNA) (RealMoney Radio)
AT&T (T) (mentioned on Mad Money)
Black & Decker (BDK) (RealMoney Radio)
Boeing (BA) (Lightning Round)
Ciscos (CSCO) (RealMoney Radio)
Consolidated Edison (ED) (mentioned on Mad Money)
Digital River (DRIV) (Lightning Round)
Disney (DIS) (RealMoney Radio)
DivX (DIVX) (RealMoney Radio)
Dow Chemical (DOW) (mentioned on Mad Money)
First Data (FDC) (Lightning Round)
Ford (F) (Lightning Round)
Genentech (DNA) (Lightning Round)
Google (GOOG) (mentioned on Mad Money)
Googles (GOOG) (RealMoney Radio)
Hanesbrands (HBI) (buy below $23) (mentioned on Mad Money)
Home Depot (HD) (Lightning Round)
Johnson & Johnson (JNJ) (mentioned on Mad Money)
KB Home (KBH) (mentioned on Mad Money)
LAM Research (LRCX) (Lightning Round)
Lennar (LEN) (mentioned on Mad Money)
Limited Brands (LDT) (RealMoney Radio)
Lowe’s (LOW) (Lightning Round)
MasterCard (MA) (mentioned on Mad Money)
Nucor (NUE) (mentioned on Mad Money)
Omega Health Care (OHI) (mentioned on Mad Money)
Oracle (ORCL) (RealMoney Radio)
Panera Bread (PNRA) ($74 target) (mentioned on Mad Money)
SanDisk (SNDK) (Lightning Round)
Sara Lee’s (SLE) (mentioned on Mad Money)
Schering-Plough (SGP) (mentioned on Mad Money)
Sealy Corp. (ZZ) (Lightning Round)
Sears Holdings (SHLD) (Lightning Round)
Sears Holdings (SHLD) (mentioned on Mad Money)
Terex Corp. (TEX) (Lightning Round)
TJ Maxx (TJX) (RealMoney Radio)
Toll Brothers (TOL) (CEO interview on Mad Money)
Under Armour (UARM) (mentioned on Mad Money)
Yahoo! (YHOO) ($28 target if CEO resigns) (mentioned on Stop Trading!)
Yahoo! (YHOO) (Lightning Round)
Yum! Brands (YUM) (mentioned on Mad Money)

Bearish
Alliance Data Systems (ADS) (Lightning Round)
Ameritrade (AMTD) (mentioned on Stop Trading!)
Ameritrade (AMTD) (RealMoney Radio)
Bank of America (BAC) (mentioned on Stop Trading!)
Bank of America (BAC) (RealMoney Radio)
Coca-Cola (KO) (RealMoney Radio)
Diamond Offshore (DO) (Lightning Round)
E*Trade (ET) (mentioned on Stop Trading!)
JLG Industries (JLG) (Lightning Round)
Jos. A Bank Clothiers (JOSB) (mentioned on Mad Money)
Kellogg (K) (RealMoney Radio)
Lucent (LU) (RealMoney Radio)
Matsushita Electric (MC) (Lightning Round)
Nortel (NT) (RealMoney Radio)
PepsiCo (PEP) (RealMoney Radio)
Pfizer (PFE) (Lightning Round)
Renovis (RNVS) (Lightning Round)
Schwab (SCHW) (mentioned on Stop Trading!)
Synchronoss Technologies (SNCR) (Lightning Round)
Systemax (SYX) (Lightning Round)
Verizon (VZ) (mentioned on Mad Money)
Zoltek Companies (ZOLT) (Lightning Round)

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PortfolioCrafter – Market Commentary 10/11/06

Wednesday, October 11th, 2006

PortfolioCrafter Stocks fell in a session rocked by an aircraft crashing into a building in New York City, disappointment over the near-term interest rate outlook and an inauspicious start to the third-quarter earnings reporting season.

Today, the Dow Jones industrial average closed down 15.04 or 0.13% to 11,852.13, the broader S&P 500 index closed down 3.47 or 0.26% to 1,349.95, and the tech-fueled Nasdaq composite index closed down 7.16 or 0.31% to 2,308.27.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by 19 to 13 on volume of 1.59 billion shares. On the Nasdaq, decliners edged out advancers by three to two on volume of 2.05 billion shares.

Stocks fell sharply after a small plane crashed into a high-rise building in New York City’s Upper East Side, then rebounded as investors took a benign view of the crash. Yankees reliever Cory Lidle, was killed in the crash that rattled nerves in New York, where residents are acutely aware that their city remains high on the list of potential terrorist targets. The markets recovered as it became clear that terrorism apparently was not involved.

On the economic front, minutes from the Federal Open Market Committee meeting showed that Fed policy-makers remained “quite concerned” about inflation risks, but decided to keep rates on hold for a second straight time while renewing their commitment to ratcheting down inflation pressures. They persisted that the rate of core inflation was higher than consistent with price stability. This observation has got the investors worried.

On the data front, the federal deficit was trimmed to $248 billion in fiscal 2006. This is a decline of $71 billion from the $319 billion gap recorded in 2005. Investors will now be paying close attention to September’s retail sales report that is due out Friday.

Shares of Alcoa closed down $1.44 or 5% to $26.85, despite reporting that its third-quarter profit almost doubled. The results missed estimates because of a steep drop in metals prices, and rising costs. Net income for the quarter surged 86% to $537 million, its revenue climbed 19% to $7.6 billion but also missed the $7.75 billion expected by analysts.

Shares of Gannett Co. Inc closed down $1.49 or 3.4% to $56.23, after the newspaper publisher reported a 12% decline in third-quarter earnings. While revenue rose 2.7% to $1.91 billion, it fell short of analyst expectations of upto $1.99 billion. Its income dropped to $261.4 million from $297 million a year ago. The EPS dropped 9% from $1.22 to $1.11.

Shares of Genentech Inc. fell 1.7% to $84.15, despite reporting a 58% rise in third-quarter net earnings. While sales of Lucentis reached $153 million, sales of its other drugs, Avastin, Herceptin and Rituxan failed to impress. The company reported net earnings of $568 million, and the revenue rose to $2.38 billion against the expected $2.32 billion.

Stock of CNET Networks closed down $0.76 or 7.7% to $9.14, after the company said Shelby Bonnie resigned as CEO after a special committee blamed him for backdating of stock options. The committee also found that its former CFO and its general counsel were partly to blame for the options problems.

Shares of McAfee Inc closed up $0.85 or 3% to $26.64, after the security software firm fired its president and said that CEO George Samenuk would step down after an internal probe into the company’s stock options practices. The company will also restate historical financial results due to past stock option grants, and that the restatement will fall in the range of $100 million to $150 million.

Shares of Apple closed down $0.58 or 1% to $73.23, on reports that two of its directors may have had conflict of interest when they conducted a investigation into the company’s backdated stock options grants.

Bank of America stepped up the online trading war by offering 30 free online trades a month for customers with at least $25,000 in deposits or other accounts. Its share closed down $0.59 to $54.04, and is its bid to capitalize on its nationwide footprint and expand beyond its traditional retail banking operation.

It has been reported that Apollo Management and Texas Pacific Group have raised their bid for Harrah’s Entertainment to more than $15.5 billion. The offer has been raised from the initial $81 a share to almost $84 a share. This would be the fifth-largest leveraged buyout on record.

Oil Prices with the benchmark November contract closing down 42 cents at $58.10 a barrel. Traders weighed an agreement by OPEC to cut production against a monthly report that offered a lower oil-demand forecast and showed that world production fell in September. An OPEC minister said the oil cartel will soon announce a formal decision to cut 1 million barrels a day of production.

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

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

Wednesday, October 11th, 2006

CramersMadMoney.comPlease 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
Allscripts Healthcare Solutions (MDRX) (Lightning Round)
American International (AIG) (mentioned on Mad Money)
American Standard (ASD) (mentioned on Mad Money)
American Standard (ASD) (RealMoney.com)
Ameritrade (AMTD) (RealMoney.com)
AU Optronics (AUO) (Lightning Round)
Berkshire Hathaway (BRK.B) (mentioned on Mad Money)
Black & Decker (BDK) (mentioned on Mad Money)
Black & Decker (BDK) (RealMoney.com)
Cabela’s (CAB) ($28 target) (mentioned on Mad Money)
Capital One (COF) (mentioned on Mad Money)
Cisco (CSCO) (mentioned on Mad Money)
Continental (CAL) (RealMoney.com
Continental Airlines (CAL) (mentioned on Mad Money)
Corning (GLW) (Lightning Round)
CR Bard (BCR) ($80 target) (Lightning Round)
Digital River (DRIV) (Lightning Round)
E*Trade (ET) (RealMoney.com)
Fortune Brands (FO) (RealMoney.com)
Google (GOOG) ($500 target) (mentioned on Stop Trading!)
Google (GOOG) (RealMoney.com)
Hewlett-Packard (HPQ) (mentioned on Mad Money)
Ingersoll Rand (IR) (mentioned on Mad Money)
Ingersoll Rand (IR) (RealMoney.com)
KB Homes (KBH) (RealMoney.com)
Lennar (LEN) (mentioned on Mad Money)
Lennar (LEN) (RealMoney.com)
Microsoft (MSFT) (mentioned on Mad Money)
Morgan Stanley U.S. Real Estate Fund (MSUSX) (mentioned on Mad Money)
New York Stock Exchange (NYX) ($100 target) (RealMoney.com)
Nucor (NUE) (buy under $50) (mentioned on Mad Money)
Oracle (ORCL) (mentioned on Mad Money)
Pfizer (PFE) (mentioned on Mad Money)
Schwab (SCHW) (RealMoney.com)
Sears (SHLD) ($200 target) (mentioned on Stop Trading!)
Smith & Wesson (SWHC) (mentioned on Mad Money)
Smith & Wesson (SWHC) (sell half) (RealMoney.com)
The Growth Fund of America (AGTHX) (mentioned on Mad Money)
Toll Brothers (TOL) (RealMoney.com)
U.S. Steel (X) (buy under $60) (mentioned on Mad Money)
UAL (UAUA) (RealMoney.com)
UAL (UAUA) (trade of the week) (mentioned on Mad Money)
USG Corp. (USG) (Lightning Round)
Washington Mutual (WM) (mentioned on Mad Money)
William Blair & Co. Growth fund (WGIBX) (mentioned on Mad Money)

Bearish
Anheuser-Busch (BUD) (mentioned on Stop Trading!)
Herbalife (HLF) (Lightning Round)
Quality Systems (QSII) (Lightning Round)
Rowan Companies (RDC) (Lightning Round)
Sirius Satellite Radio (SIRI) (Lightning Round)
Sotheby’s (BID) (Lightning Round)
Taser (TASR) (mentioned on Mad Money)
West Marine (WAMR) (mentioned on Mad Money)

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PortfolioCrafter – Market Commentary 10/10/06

Tuesday, October 10th, 2006

PortfolioCrafterStocks ended higher on a fresh drop in oil prices and cautious optimism over the upcoming third quarter earnings season. However, a rise in bond yields and lingering concerns over North Korea gave investors pause for thought. The Dow Jones Industrial average set a new closing record.

Today, the Dow Jones Industrial; average closed up 9.36 or 0.08% to 11,867.17, scratching out a record closing high less than a point above the previous record of 11,866.69 set last Thursday. The broader S&P 500 index closed up 2.76 or 0.2% to 1,353.42, while the tech-fueled Nasdaq composite closed up 3.66 or 0.16% to 2,315.43.

Market breadth was positive. On the New York Stock Exchange, winners barely beat losers 17 to 14 on volume of 1.51 billion shares. On the Nasdaq, advancers edged out decliners 15 to 13 on volume of 1.77 billion shares.

Tomorrow, investors will look forward to the Federal Reserve minutes from their Sept. 20 meeting. We need to pay heed to the fact that we are now at the cusp of earnings season, and you have a market that’s looking to take a wait-and-see type of approach. Investors are reassessing a new set of risks, such as a pick-up in bond yields, oil stabilizing at around levels that are historically high and North Korea, which appears to be beyond the influence of the major world powers. The market is going to look very carefully for those companies which can sustain earnings growth and this may lead to a lot of volatility among individual stocks.

U.S. businesses’ sales and inventories rose at the same pace in August. Inventories and sales each rose by 1.1%, keeping the inventory to sales ratio at 1.15. The report exceeded the expectations of economists who were forecasting wholesale inventories to rise by 0.6%, after climbing 0.8% in July. In the past year, sales were up 12.5%, while inventories were up 9.7%.

Shares of ImClone Systems Inc. closed up $1.19 or 4% to $31.09, after the biotech said David Kies resigned as chairman in the face of severe criticism over his performance from activist shareholder Carl Icahn. Board member William Crouse has likewise stepped down. Since assuming a directorship in late September, Icahn, who has about a 14% stake in ImClone, has been vociferously demanding Kies’ resignation, saying the company has been poorly managed.

Google Inc. closed down $2.35 or 0.6% at $426.05 after the Internet search giant announced an agreement to acquire privately held YouTube Inc., the No. 1 video-sharing site on the Web, for $1.65 billion in stock. YouTube, has quickly become the most well-known of several online video sites. More than 100 million videos are downloaded a day on the site and it has 46% of the online video market. This gives Google the ability to tap into the online video and social networking markets.

U.S. light sweet crude oil sank $1.44 to $58.52 a barrel on the New York Mercantile Exchange.

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