Traders-Blog.com

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

Bullish
AAR (AIR) (Mad Money)
Allscripts Healthcare Solutions (MDRX) (Lightning Round)
American Capital Strategies (ACAS) (Lightning Round)
Archer Daniels (ADM) (mentioned on Stop Trading!)
Best Buy (BBY) (”buy on pullback”) (Mad Money)
Bunge (BG) (mentioned on Stop Trading!)
Comverge (COMV) (”upcoming IPO - pay under $12.50″) (Mad Money)
Deere (DE) (mentioned on Stop Trading!)
GameStop (GME) (Mad Money)
GOL Linhas Areas (GOL) (”going from $30 to $40″) (Mad Money)
Goodyear Tire (GT) (Lightning Round)
Hewlett-Packard (HPQ) (Mad Money)
Jones Soda (JSDA) (Mad Money)
NYSE (NYX) (Lightning Round)
RadioShack (RSH) (Benefit of the Doubt) (Mad Money)
Safeway (SWY) (Lightning Round)
Sears (SHLD) (Benefit of the Doubt) (Mad Money)
Supervalu (SVU) (Lightning Round)
United Technologies (UTX) (Lightning Round)
ValueClick (VCLK) (”worth $35″) (Lightning Round)
Veraz Networks (VRAZ) (”upcoming IPO - pay up to $14″) (Mad Money)

Bearish
Acadia Pharmaceuticals (ACAD) (Lightning Round)
Ahold (AHO) (Lightning Round)
Blockbuster (BBI) (Lightning Round)
Dell (DELL) (Mad Money)
Hansen Natural (HANS) (Mad Money)
Qualcomm (QCOM) (mentioned on Stop Trading!)
Take-Two (TTWO) (mentioned on Stop Trading!)

* Click here for the free booklet “Confessions of a Profitable Trader.
* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks finished a volatile session on a mixed note mirroring a likewise volatile and mixed performance for the first quarter, with the Dow Jones Industrial Average now in negative territory for the year so far, while other stock proxies hold on to meager gains. The market initially took a sharp downturn after news that the U.S. has imposed trade sanctions on China and as tensions over a stand-off between Iran and the UK kept oil prices near $66 a barrel.

Today, the Dow Jones industrial average closed up 5.60 or 0.05% to 12,354.35, the broader S&P 500 closed down 1.67 or 0.12% to 1,420.86, and the Nasdaq composite closed up 3.76 or 0.16% to 2421.64. For the week, the Dow lost 1%, the S&P lost 1%, and the Nasdaq lost 1.1%. For the month, the Dow gained 0.7%, the S&P 500 gained 1% and the Nasdaq composite added 0.2%. For the quarter, the Dow lost 0.9%, the S&P 500 gained 0.2% and the Nasdaq composite gained 0.3%.

Market breadth was positive. On the New York Stock Exchange, winners topped losers 9 to 7 on volume of 1.58 billion shares. On the Nasdaq, advancers beat decliners 4 to 3 on volume of 2.06 billion shares.

Stocks rose following a series of strong readings on personal income and spending, manufacturing and construction. However, news that the U.S. Commerce Department is reversing a decades-old policy and will begin to impose tariffs on some goods from China, became a damper.

Both consumer spending and personal income rose faster than expected in February, showing that the economy was stronger than Wall Street forecasts. However, there also was an inflation reading that was higher than hoped. Spending was up 0.6%, compared to the 0.5% rise in January. Economists had been looking for growth to slow to a 0.3%. Income was also up 0.6%, compared to the 1% rise in January. Economists had been looking for slowdown in income growth to a 0.3%.

Stock of Dendreon closed up $7.71 or 150% to $12.93, after a FDA panel said that its treatment for advanced prostate cancer is reasonably safe and effective. Its novel cancer therapy Provenge is a therapeutic cancer vaccine designed to stimulate the immune system to fight an existing cancer. It differs from traditional vaccines meant to prevent disease in people not yet sick. The FDA is scheduled to decide by May 15 whether to approve Provenge for sale.

Shares of PMC Sierra closed up $0.71 or 11% to $7.01, after the chipmaker said that it was closing two R&D centers in Canada and cutting jobs as part of a restructuring effort. The company also said that first-quarter revenue will be in the middle to high end of its previous forecast.

Shares of Dell closed down $0.18 to $23.21, after it said that an internal audit of its accounting showed errors in its financial controls, which could result in restatements of past quarters. This means that Dell would not file its annual report with securities regulators by the April 3 due date, or by an extension date of April 18.

U.S. light crude oil for May delivery fell 16 cents to settle at $65.87 a barrel in New York Mercantile Exchange trading after having risen in the morning. Prices have been on the rise recently amid worries about the conflict with Iran.

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

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
Banco Bradesco (BBD) (Mad Money)
BigBand Networks (BBND) (Mad Money)
Brush Engineered (BW) (Lightning Round)
Celgene (CELG) (Lightning Round)
Cheesecake Factory (CAKE) (Lightning Round)
Chemed (CHE) (Lightning Round)
Chipotle Mexican Grill (CMG) (Lightning Round)
Clearwire (CLWR) (Mad Money)
Companhia Vale do Rio Doce (RIO) (Mad Money)
Devon Energy (DVN) (Lightning Round)
eBay (EBAY) (Lightning Round)
Exxon Mobil (XOM) (Mad Money)
FactSet Research (FDS) (Lightning Round)
Frozen Food Express (FFEX) (mentioned on Stop Trading!)
Genentech (DNA) (Lightning Round)
Genzyme (GENZ) (Lightning Round)
Gilead Sciences (GILD) (Lightning Round)
GlobalSantaFe (GSF) (mentioned on Stop Trading!)
GlobalSantaFe (GSF) (Lightning Round)
Gmarket (GMKT) (sell at $20) (Lightning Round)
Gol Linhas Areas (GOL) (”I see a 30% move ahead”) (Mad Money)
Kinder Morgan Energy (KMP) (Lightning Round)
Marvell Technology (MRVL) (Lightning Round)
Movado (MOV) (Mad Money)
Onyx Pharmaceuticals (ONXX) (Lightning Round)
Polo Ralph Lauren (RL) (”Benefit of the Doubt”) (Mad Money)
Qwest Communications (Q) (Lightning Round)
RadioShack (RSH) (mentioned on Stop Trading!)
Reliance Steel (RS) (mentioned on Stop Trading!)
Saks (SKS) (”Benefit of the Doubt”) (Mad Money)
Sears (SHLD) ($200 target) (Lightning Round)
Tata Motors (TTM) (mentioned on Stop Trading!)
TD Ameritrade (AMTD) (Lightning Round)
Time Warner (TWX) (Lightning Round)
Transocean (RIG) (Lightning Round)
Transocean (RIG) (Mad Money)
Verizon (VZ) (Mad Money)
Volcano’s (VOLC) (”triple buy) (CEO on Mad Money)

Bearish
Aruba Networks (ARUN) (Mad Money)
AT&T (T) (Sell Bloc on Mad Money)
BP (BP) (Sell Bloc on Mad Money)
ETelecare (ETEL) (Mad Money)
Frontline (FRO) (Lightning Round)
Glu Mobile (GLUU) (Mad Money)
LHC Group (LHCG) (Lightning Round)
Nvidia (NVDA) (Lightning Round)
Stride Rite (SRR) (Lightning Round)
Syntax-Brillian (BRLC) (Sell Bloc on Mad Money)
Yum! Brands (YUM) (Lightning Round)

* Click here for the free booklet “Confessions of a Profitable Trader.
* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks threw off losses to close higher. They were bolstered by news of an unexpected upward revision to fourth-quarter growth as investors looked past a rise in crude oil prices above $66 a barrel. It is evident that the process of rallies and pull-backs would continue for some months.

Today, the Dow Jones industrial average closed up 48.39 or 0.37% to 12,348.75, the broader S&P 500 closed up 5.30 or 0.39% to 1,422.53, and the Nasdaq composite closed down 0.78 or 0.03% to 2417.88.

Market breadth was positive. On the New York Stock Exchange, winners beat losers 5 to 3 on volume of 1.509 billion shares. On the Nasdaq, advancers topped decliners by a narrow margin on volume of 1.943 billion shares.

The final read on fourth quarter GDP indicated moderately strong U.S. economic growth than previously thought, primarily because businesses added more to inventories than was estimated a month ago. GDP rose at a 2.5% annual rate instead of 2.2%. There was also a drop in the number of Americans filing new claims for unemployment last week. The number of U.S. workers filing new claims for jobless benefits dropped to a seasonally adjusted 308,000 from an upwardly revised 318,000 the prior week. Analysts were expecting claims to edge up to 320,000.

Stock of Boeing Co. gained 0.4% after Colombia’s largest airline, Avianca SA, said it would buy 10 of Boeing’s 787 Dreamliner aircraft. Avianca SA will spend $1.5 billion to replace its aging aircraft. The company also plans to buy another 35 airplanes with an additional investment ranging from $1.2 billion to $1.5 billion.

Sprint Nextel Corp. was shut out of the first part of a two-part federal contract that could reach $48 billion over 10 years. However, Sprint could win a share of the U.S. government’s upgrade when the second part of the contract is issued in May.

Shares of U.S. Steel closed up $3.61 or 3.4% to $101.22, on news that it is buying Lone Star Technologies in a deal worth $2.1 billion in cash. Stock of Lone Star Technologies closed up $17.66 or 37% to $66.11. U.S. Steel will pay $67.50 a share, a 39% premium to Wednesday’s closing price.

U.S. light crude oil for May delivery rose $1.95 to settle at $66.03 a barrel on the New York Mercantile Exchange, a gain of 3%. Prices have been on the rise recently amid worries about the conflict with Iran.

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

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
Accuray (ARAY) (Lightning Round)
Allegheny Technologies (ATI) (Lightning Round)
Altria (MO) (Lightning Round)
Bank of America (BAC) (Lightning Round)
Caterpillar (CAT) (Lightning Round)
Charter Communications (CHTR) (Lightning Round)
Clorox (CLX) (Mad Money)
Comcast (CMCSA) (Lightning Round)
ConAgra Foods (CAG) (Mad Money)
Costco (COST) (”Benefit of the Doubt”) (Mad Money)
Cummins (CMI) (Lightning Round)
Disney (DIS) (Lightning Round)
Frozen Food Express (FFEX) (mentioned on Stop Trading!)
GlobalSantaFe (GSF) (mentioned on Stop Trading!)
Harsco (HSC) (Lightning Round)
Jones Soda (JSDA) (”buy below $20″) (Lightning Round)
JPMorgan Chase (JPM) (Lightning Round)
Kohl’s (KSS) (”Benefit of the Doubt”) (Mad Money)
Lamson & Sessions (LMS) (Lightning Round)
Parker-Hannifin (PH) (Lightning Round)
RadioShack (RSH) (mentioned on Stop Trading!)
Reliance Steel (RS) (mentioned on Stop Trading!)
Tata Motors (TTM) (mentioned on Stop Trading!)
Terex (TEX) (Lightning Round)
Time Warner (TWX) (Lightning Round)
VeriFone (PAY) (Lightning Round)
XM Satellite Radio (XMSR) (”$5 if merges with Sirius”) (Mad Money)

Bearish
Dendreon (DNDN) (Lightning Round)
Kraft (KFT) (Lightning Round)
Take-Two Interactive (TTWO) (Mad Money)
Valero Energy (VLO) (Lightning Round)

* Click here for the free booklet “Confessions of a Profitable Trader.
* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks pared losses but still ended lower after the chairman of the Federal Reserve reiterated concerns about inflation and disappointed investors hoping that weaker growth would soon push the Fed closer to cutting interest rates. Federal Reserve Chair Ben Bernanke said the U.S. economic outlook has become more uncertain in recent weeks, reviving recession worries.

Today, the Dow Jones industrial average closed down 96.93 or 0.78% to 12,300.36, the broader S&P 500 closed down 11.38 or 0.80% to 1,417.23, and the Nasdaq composite closed down 20.33 or 0.83% to 2417.10.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by 21 to 11 on volume of 1.522 billion shares. On the Nasdaq, decliners topped advancers 19 to 9 on volume of 1.905 billion shares.

Bernanke’s address for the Joint Economic Committee of Congress. stated that core inflation remains uncomfortably high. The Fed chief said that while inflation was still likely to moderate over time, the risks remained to the upside. He also said that the near-term outlook for the housing market is uncertain, and that the impact from the sub-prime mortgage fallout has raised more questions. The bottom line is that he expects moderate economic growth to be sustained, but there definitely is a sense that the downside risks to that forecast are growing and the likelihood of an upside surprise is shrinking.

Tomorrow, the fourth-quarter reading on the gross domestic product growth, is expected at a 2.2%. February durable goods orders rose 2.5% versus a 9.3% decline in January, missing expectations.

Shares of Beazer fell 8.4% after it sated that it is the target of a federal criminal probe into its role in arranging mortgage loans for buyers in its subdivisions. Beazer said the U.S. Attorney hasn’t alleged any wrongdoing, but just asked for documents.

Stock of Wal-Mart Stores dropped 1.9% after news it has shelved its plan to open a New York City store, The New York Times reported, citing a meeting CEO Lee Scott had with editors and reporters of the newspaper.

Shares of Circuit City closed up $0.35 to $19.23, after stating that it will consider the sale of its Canadian unit InterTAN and will lay off 3,400 employees and replace them with lower paid workers as part of a broader restructuring.

Oil prices trimmed some gains after the release of the weekly oil inventories report, but still settled above $64 a barrel on the New York Mercantile Exchange. Prices have been on the rise amid worries about the conflict with Iran, the No. 4 oil exporter.

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

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
Altria (MO) (”back up the truck”) (Mad Money)
Archer-Daniels-Midland (ADM) (Lightning Round)
Buffalo Wild Wings (BWLD) (Lightning Round)
Bunge (BG) (mentioned on Stop Trading!)
CMGI (CMGI) (Lightning Round)
Federated Department Stores (FD) (”Benefit of the Doubt”) (Mad Money)
Freeport-McMoRan (FCX) (Lightning Round)
General Maritime (GMR) (Lightning Round)
Harris (HRS) (Mad Money)
J.C. Penney (JCP) (Lightning Round)
J.C. Penney (JCP) (”Benefit of the Doubt”) (Mad Money)
Landec (LNDC) (Lightning Round)
Level 3 (LVLT) (”back up the truck”) (Mad Money)
Monsanto (MON) (Lightning Round)
Monsanto (MON) (mentioned on Stop Trading!)
Movado (MOV) (Lightning Round)
Nastech Pharmaceutical (NSTK) (Lightning Round)
Natco (NTG) (Lightning Round)
National Oilwell Varco (NOV) (Lightning Round)
NYSE Group (NYX) (”back up the truck”) ($110 target) (Mad Money)
RadioShack (RSH) (mentioned on Stop Trading!)
Southern Copper (PCU) (Lightning Round)
Syntax-Brillian (BRLC) (CEO on Mad Money)
Target (TGT) (”buy under $59″) (mentioned on Stop Trading!)
Transocean (RIG) (Lightning Round)
Williams Companies (WMB) (Lightning Round)

Bearish
American Eagle Outfitters (AEO) (Lightning Round)
Harris Stratex Networks (HSTX) (Mad Money)
Lennar (LEN) (mentioned on Stop Trading!)
Pioneer Drilling (PDC) (Lightning Round)

* Click here for the free booklet “Confessions of a Profitable Trader.
* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks closed lower as concerns about the stumbling housing market and the economy resurfaced after an uncertain outlook from homebuilder Lennar Corp showed widespread drops in home prices. The weak profit report revived worries about the housing sector and a big drop in consumer confidence fed concerns about the broader economy.

Today, the Dow Jones industrial average closed down 71.78 or 0.58% to 12,397.29, the broader S&P 500 closed down 8.89 or 0.62% to 1,428.61, and the Nasdaq closed down 18.20 or 0.74% to 2,437.43.

Market breadth was negative. On the New York Stock Exchange, decliners topped advancers 11 to 5 on volume of 1.382 billion shares. On the Nasdaq, losers beat advancers 19 to 9 on volume of 1.73 billion shares.

The March Consumer Confidence report added to the spate of weak economic inputs. The index fell to 107.2 from a downwardly revised 111.2 in February. Economists shad thought that it would fall to 109 in the month. The week will see reports on durable goods orders, the last revision to fourth-quarter GDP, personal income and spending, Chicago PMI, construction spending and University of Michigan consumer sentiment. Additionally, Federal Reserve Chairman Ben Bernanke’s testimony to Congress on Wednesday is also awaited. He is expected to clarify whether the central bank has leaned closer to cutting interest rates, should the economy weaken too much.

Stock of Lennar closed up $0.03 to $44.57, despite reporting a big drop in quarterly profit and withdrew its 2007 forecast due to housing weakness and uncertainty over the sub-prime mortgage mess. Its profit fell 73% in the latest quarter, and the net income sank to $68.6 million. Revenue dived 14% to $2.8 billion. Last year, the company had posted net income of $258.1 million, on revenue of $3.2 billion.

Stock of Bristol-Myers Squibb rose 0.6% after a report that Sanofi-Aventis is considering making a bid for its partner on the Plavix blood-thinning drug. It is reported that Sanofi’s chairman and chief executive are split on whether a bid should be launched, but the pro-deal chairman is reported to have greater sway on the board.

Shares of DaimlerChrysler rose 1.8%, after the company said it was pushing back its first-quarter results release date to May 15 from April 26, blaming the delay on the time needed to switch to IFRS accounting from U.S. GAAP accounting. It is also reported that the possible sale of Chrysler could occur within just a few weeks time, with the first bids due by week’s end.

Stock of biotech Nuvelo closed up $0.76 or 305 to $3.85, after the company’s experimental colon cancer drug received “fast-track” status from regulators. The process can speed up the review of drug marketing applications.

U.S. light crude oil for May delivery rose 14 cents to $63.05 a barrel on the New York Mercantile Exchange after hitting a high for 2007 Monday on heightened geopolitical fears.

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

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
Bank of America (BAC) (”best of breed”) (Lightning Round)
Best Buy (BBY) (Lightning Round)
BigBand Networks (BBND) (”one of my favorite IPOs”) (Lightning Round)
Cepheid (CPHD) (”wait three day, use limit orders”) (Mad Money)
Cisco (CSCO) (”buy buy buy”) (Lightning Round)
Dow Chemical (DOW) (mentioned on Stop Trading!)
Energy Metals (EMU) (Lightning Round)
Freeport-McMoRan (FCX) ($100 target”) (mentioned on Stop Trading!)
Freeport-McMoRan (FCX) (Lightning Round)
Lundin Mining (LMC) (”back up the truck”) (Lightning Round)
Movado (MOV) (mentioned on Stop Trading!)
Northern Orion Resources (NTO) (Lightning Round)
PDL BioPharma (PDLI) (Mad Money)
Quest Diagnostics (DGX) (Mad Money)
Thermo Fisher Scientific (TMO) (Lightning Round)
Transocean (RIG) (Lightning Round)
Transocean (RIG) (Mad Money)
Valero Energy (VLO) (Lightning Round)
VF Corp (VFC) (”Benefit of the Doubt List”) (Mad Money)
Washington Mutual (WM) (Lightning Round)
Western Refining (WNR) (Lightning Round)
Western Union (WU) (Lightning Round)

Bearish
Ann Taylor (ANN) (”buy on pullback”) (mentioned on Stop Trading!)
Biosite (BSTE) (Mad Money)
Helix Energy (HLX) (Lightning Round)
Weatherford International (WFT) (Mad Money)

* Click here for the free booklet “Confessions of a Profitable Trader.
* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks reduced their losses to close mixed after investors took heart from the close of crude futures below $63 a barrel and some positive brokerage talk about technology bellwethers like eBay Inc. and Dell Inc. Earlier in the session, stocks dropped sharply after news that sales of new homes unexpectedly fell to a 7-year low in February, fueling concerns that the stumbling housing market might derail economic growth. However, gains in technology and commodities offset the impact of the weak read on new home sales.

Today, the Dow Jones industrial average closed down 11.94 or 0.10% to 12,469.07, the broader S&P 500 closed up 1.39 or 0.10% to 1,437.50, and the Nasdaq closed up 6.70 or 0.27% to 2,455.63.

Market breadth was negative. On the New York Stock Exchange, losers edged winners by a narrow margin of 16 to 15 on volume of 1.468 billion shares. On the Nasdaq, decliners topped advancers 16 to 13 on volume of 1.764 billion shares.

The housing market report, showed that new home sales in February eased to the slowest pace in more than six years. The government’s latest reading on the real estate market showed the glut of homes on the market reached a 16-year high. New homes sales were down about 4% from the 882,000 rate in January. The pace of sales tumbled 18.3% from February 2006. This shows that the housing market has not yet hit bottom.

Stock of Citigroup closed down $0.18 to $51.54, after reporting that it is looking to cut 15,000 jobs, as part of a broader restructuring plan that could cost the bank $1 billion. This cut would represent about a 5% reduction in Citigroup’s worldwide work force of 327,000. Some of the reduction could be achieved by not filling positions opened through normal attrition.

Shares of Intel closed up $0.02 to $19.29, on news that it will invest $2.5 billion to build a chip plant in China, with the production of chipsets to begin in 2010. Groundbreaking is scheduled for July in Dalian, which will be Intel’s first semiconductor plant in Asia. The 12-inch wafer plant will have a monthly capacity of 52,000 wafers and will use 90-nanometer technology to produce chip sets.

U.S. light crude oil for May delivery added 63 cents to $62.91 a barrel on the New York Mercantile Exchange after the U.N. tightened sanctions against Iran amid ongoing worries about the nation’s nuclear program, and its capture last week of British military personnel.

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